Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated December 16, 2014
Updated December 16, 2014
484 Reviews
3.3
484 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
128 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 78 reviews)

  • Fair compensation and benefits as compared to most companies this size (in 20 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 8 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    Love it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Supervisor in Dallas, TX
    Current Employee - Supervisor in Dallas, TX

    I have been working at Fannie Mae

    Pros

    This company pays well and it has good benefits. There is movement for upward mobility. I love working here and recommend it to everyone.

    Cons

    The parking is OK, but it doesn't hurt for a person to walk a little ways, but hey at least you are not too far from the Galleria.

    Advice to ManagementAdvice

    Don't let red tape keep you from making the right decision. You know what you need to do. Do it.

    Recommends
    No opinion of CEO
  2. 1 person found this helpful  

    It was a Great Company to Work for When it was a Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Deputy Director
    Former Employee - Senior Deputy Director

    I worked at Fannie Mae

    Pros

    In the 5 years I worked for Fannie Mae it was a great company to work for a majority of the time. I left in 2007. I was proud of the work we were doing in the community, people respected the depth and breadth of the work we did and there were plenty of resources to get some really impactful work done. I particularly liked my co-workers and the camraderie we had and how most of us learned from and enjoyed working with each other.

    Also, Fannie Mae salaries were on the high side for the industry and in the private sector overall. The company's benefit package for positions at all levels, including entry-level admin assistants, was one of the best available in the workforce hands down. I've talked to many, many friends, family and former colleagues who were jealous of what Fannie Mae had to offer.

    Cons

    One of the biggest drawbacks of working at Fannie Mae was its very hierarchal, top-down structure, especially from headquarters in Washington D.C. to the regional offices to the various offices located in each state. Oftentimes not all of the info you hoped to hear you received because it had to go through so many filters. Also, people who showed the drive, talent and abilities to succeed in a higher position I thought often weren't considered or even invited to apply. In instances where I saw this happen it usually was because they were seen as most helpful in their current position vs moving on to another position they want. Lastly, because of all the issues and turbulence Fannie Mae, along with Freddie Mac, went through because of its accounting scandal, the employee morale began to slip terribly.

    Advice to ManagementAdvice

    If I were to offer some advice/feedback to the leadership at Fannie Mae I would urge them to make a regular, almost daily effort, to stay connected and in tune to their workforce on the ground, be it in the regional office or what's left of the rest of their field office. The headquarters was often referred to a "the mothership"; which I think shows the disconnection of exec management seen as sitting on high simply giving orders with no real connection to what was going on.

    Recommends
    No opinion of CEO
  3.  

    Work at Fannie Mae

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Financial Analyst
    Current Employee - Senior Financial Analyst

    I have been working at Fannie Mae

    Pros

    Possibility of interesting work, a lot of new projects, very decent compensation and benefits, ability to learn new things

    Cons

    Uncertainty of the company future in the current environment, a lot of deadlines and stress, contractor personnel turnover.

    Advice to ManagementAdvice

    Need to communicate more clearly about the company future, also need more specific review structure as well as more promotion opportunities.

    Recommends
    Approves of CEO
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  5.  

    Good but could be better.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT Manager in Reston, VA
    Current Employee - IT Manager in Reston, VA

    I have been working at Fannie Mae

    Pros

    Pay, Benefits (who else offers 401K+match+pension), and mission

    Cons

    Tough demanding place to work. High expectations for professionalism. Limited opportunities for career growth

    Advice to ManagementAdvice

    Keep Fannie Mae solvent.

    Recommends
  6.  

    Fannie Mae is a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Business Manager in Dallas, TX
    Current Employee - Senior Business Manager in Dallas, TX

    I have been working at Fannie Mae

    Pros

    the people, the mission and the work life balance

    Cons

    The incorrect information in the media - including this website that classifies the organization as "Government." Fannie Mae is a publicly traded company on the NYSE.

    Advice to ManagementAdvice

    Forge ahead

    Recommends
    Approves of CEO
  7.  

    Good Benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Reporting Analyst III in Dallas, TX
    Current Employee - Reporting Analyst III in Dallas, TX

    I have been working at Fannie Mae

    Pros

    Overall good benefits and very good vacation policy.

    Cons

    Work is slowing down and there is little room for growth.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Uncertain Future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Dallas, TX
    Current Employee - Manager in Dallas, TX

    I have been working at Fannie Mae

    Pros

    The work life balance in my department is better than most. The pay is better than most, and the benefits are significantly above industry average.

    Cons

    There are many outside factors that will determine the future. Being faced with that uncertainty every day is difficult.

    Advice to ManagementAdvice

    Work much harder at following your words with actions. Work even harder to retain and promote mid level managers to build directors from within and avoid losing valuable institutional knowledge.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Excellent Learning & Challenges

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Project Manager in Washington, DC
    Former Employee - Senior Project Manager in Washington, DC

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    My experience at Fannie Mae was very positive. Very bright colleagues and intelligent group of people to work with. Strong drive to manage your own career, ideal if you're a self starter.

    Cons

    Very political, disjointed management at times.

    Advice to ManagementAdvice

    It's important to continue to distinguish the strong people managers from the individual contributors. A lot of strong talent at FNMA being neglected due to the lack of leadership.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Solid company and benefits, but future uncertain while under conservatorship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Project Manager in Washington, DC
    Former Employee - Senior Project Manager in Washington, DC

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Solid company experience overall, having started as a consultant during restatement and then converted to employee. Benefits are for the most part quite good though a few things need improvement. Work/life balance is good, depending on organization, direct management, and company situation at the time.

    Cons

    Not a lot of opportunity for growth internally, and company is drowning in politics

    Advice to ManagementAdvice

    Provide more growth opportunities for your hard working employees. Minimize the internal politics and just get things done. One of these days the conservatorship blanket will be lifted, and the company can soar with a sound future mission (assuming US politics don't hamper this) if the company would do a better job of retaining top talent and promoting from within, and cuts through internal politics. Would also recommend increasing bonus structure as they are currently well below banks...while they may never get to the bank levels (and arguably shouldn't) they should be closer than they are. Also recommend doing away with the 1/3 bonus deferral until the next year. Pay for the hard work now.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Good work/life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Washington, DC
    Former Employee - Anonymous Employee in Washington, DC

    I worked at Fannie Mae full-time (more than 8 years)

    Pros

    Fannie Mae manages to hire smart people and keep them around. I felt it was a great work environment and management respected my free time. When I left work, I was gone. I wasn't expected to log in at night or work ungodly hours. I worked hard while at work, but was able to let it go after I walked out the door.

    Cons

    Almost impossible to get rid of people who aren't pulling their weight or causing problems.

    Recommends
    Positive Outlook
    No opinion of CEO

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