Fannie Mae

www.fanniemae.com

Fannie Mae Reviews in Washington, DC

Updated January 20, 2015
Updated January 20, 2015
495 Reviews
3.3
495 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
134 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

188 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Fannie Mae - great environment and skilled people

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

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Competitive base salaries for the DC area
    Lots of change in the mortgage banking industry makes it unique place to work
    You get to work with lots of experienced people, and the best mortgage/MBS traders in the world

    Cons

    Constrained by regulators and obligation to treasury. Because of this certain benefits, perks, and compensation is lacking. It can be a struggle to get sign off on anything that costs money.

    Recommends
    Positive Outlook
  2. 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
  3.  

    Old school views

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

    I have been working at Fannie Mae full-time (less than an year)

    Pros

    Fannie Mae's mission is the reason most people enjoy working there. Making homeownership possible for all.

    Cons

    The policies and practices are tied to tradition and the culture is more about who you know and making friends. If you are focused and mission driven and have the expectation that others feel the same about getting the job done then this is not the place for you.

    Advice to ManagementAdvice

    Company values need to be redefined and then upper management should walk the talk

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Overall, a good place to work

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

    I have been working at Fannie Mae full-time (more than 8 years)

    Pros

    Work/life balance, good amount of vacation, great benefits, competitive compensation, availability of training and development. Solid performers are encouraged to move around within the organization.

    Cons

    Too much bureaucracy, terribly behind in technology. An exorbitant amount of time must be spent on detailed documentation of every minute process, formal documentation of quarterly performance check-ins, quarterly technology access reviews, and other similar administrative tasks.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 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
  7. 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
  8. 1 person found this helpful  

    Good company. Good benefits. Smart people. Too much infighting,

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

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    Competent employees. Good benefits. It's interesting work and I enjoyed my time in the underwriting area (5 years). There are opportunities to learn new skills should you want to take advantage of them.

    Cons

    Lots of infighting and turf wars. This distracts from focusing the business on the market. Ongoing systems upgrades/improvements continue to hold them back.

    Advice to ManagementAdvice

    Need to reduce the internal competition among employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Director

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

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Good Benefits, atthough not the best

    Cons

    Employees' skills are on the low level side. Gossip and back-stabbing are core values there. They are rewarded generously

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Great place to work

    • 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 10 years)

    Pros

    Fantastic benefits, including on-site emergency child care, vacation and sick leave, 401k, tuition reimbursement, etc. Good people to work with to achieve company's mission.

    Cons

    Numerous locations in DC metropolitan area and constant reorganizations may result in an unanticipated commute. Executives aren't the most friendly group to work for.

    Advice to ManagementAdvice

    Do more to make employees feel valued.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Rewarding Opportunity

    • 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

    Compensation, People, Interesting Work, Location, Training Available

    Cons

    Leadership, Long Hours, Challenging to move to the next level

    Advice to ManagementAdvice

    Flexible Work Schedule

    Recommends
    Neutral Outlook
    Approves of CEO

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