Freddie Mac

www.freddiemac.com

Freddie Mac Reviews

Updated January 26, 2015
Updated January 26, 2015
383 Reviews
3.3
383 Reviews
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
106 Ratings

Review Highlights

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 61 reviews)

  • Great benefits but work-life balance depends on the area you work in (in 31 reviews)


Cons
  • Company is currently under conservatorship and company future is uncertain (in 12 reviews)

  • Senior management is always changing and the room for growth seems to be diminishing (in 23 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    CEOs come and go!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Accountant in McLean, VA
    Former Employee - Accountant in McLean, VA

    I worked at Freddie Mac full-time (more than 10 years)

    Pros

    Good pay, but have to be lucky to work in a department that has reasonable hours.
    The benefits are okay, although it has been reduced in the last year or so.
    Have many employees that have a lot of experience and knowledge about the industry and the legacy systems.
    Mostly good people that work well with others.

    Cons

    Too many changes in the top management. Each CEO brings his own style of management and they all want to reorganize the divisions/departments because they claim to understand things better than the previous administration!!
    The latest CEO seems to suggest that there are a lot of underperformers in the company, so there is a push for management to be tougher on their staff. Good managers play it fair and push back some, but many feel powerless and do what they are asked to do regardless if it is the right thing to do or not!! Sorry, but CEOs come and go, but the effect they have on the company and the employees can last several years. The company hires experienced executives and managers, but in some cases they are not good leaders because they can't manage people well!!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Management brings its helicopter parent pathology to the workplace. Expect micromanagement and little authority.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in McLean, VA
    Current Employee - Director in McLean, VA

    I have been working at Freddie Mac full-time (more than a year)

    Pros

    Employees are smart, nice and now the mortgage market and industry. The company provides a good work/life balance and allows remote working. Take advantage of the numerous training opportunities - it's a great company to learn your skills before going in the private sector.

    Cons

    Consensus driven decision making and bureaucracy make for a frustrating work environment. Uncertainty regarding the companies future, numerous reorganizations and strategy shifts results in poor employee morale. Prepare to be micromanaged by frustrated empty nested parents.

    Advice to ManagementAdvice

    Stop the endless meetings. Stop talking and empower the employees to act. Work to transform the passive aggressive culture to more open and positive work environment.

    Doesn't Recommend
    Negative Outlook
  3. 2 people found this helpful  

    Frustrating

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

    I worked at Freddie Mac as a contractor (more than a year)

    Pros

    Loads of opportunities if you are looking to make a difference.

    Cons

    Organization volatility has created a culture focused on political survival rather than performance.

    Advice to ManagementAdvice

    You have the talent, just listen....

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Whatever experience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Freddie Mac

    Pros

    Good benefits and leave provided.

    Cons

    Crappy upper management, rampant cronyism.

    Advice to ManagementAdvice

    Check out your peers at Fannie Mae.

  6.  

    Work Life Balance and nothing more.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Auditor in McLean, VA
    Current Employee - Senior Auditor in McLean, VA

    I have been working at Freddie Mac full-time (more than 3 years)

    Pros

    Excellent Work Life Balance
    Good facilities (excellent cafeteria, gym, etc.)

    Cons

    Limited upward mobility (tenured managers/directors)
    Competitive pay by industry standard but little to no raise once hired
    Long term uncertainty
    Highly political environment (depends on your division, but seems unusually common compared to other places..)

    Recommends
    Neutral Outlook
    Disapproves of CEO
  7.  

    Great company mission

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

    I worked at Freddie Mac full-time (more than 5 years)

    Pros

    The people are generally smart and driven; Benefits are competitive to the market, Internal training opportunities are expansive, great support for obtaining professional certifications

    Cons

    Restructuring cycle every 3 or 4 years with shifts in the senior leadership; a mix of new leaders have come from other firms and are working to get aligned

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    LOVE IT

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

    I have been working at Freddie Mac

    Pros

    This company has the best benefits and really cares for each of its employees.

    Cons

    N/A
    They don't have free cookies anymore...

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great work life balance.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac

    Pros

    The company offers great benefits and flexible work hours.

    Cons

    Upward mobility can be a challenge.

  10.  

    Great Company one of my best experiences

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Help Desk Tech in McLean, VA
    Current Employee - Help Desk Tech in McLean, VA

    I have been working at Freddie Mac as an intern (less than a year)

    Pros

    Everything is okay the training was very helpful with pefroming my everyday task

    Cons

    Havent noticed any cons since I been here

    Advice to ManagementAdvice

    Keep up the great work

    Recommends
    Positive Outlook
    Approves of CEO
  11. 3 people found this helpful  

    Freddie Mac is a very toxic place to work.

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

    I worked at Freddie Mac full-time (more than 3 years)

    Pros

    There are a few good managers that try to make a difference.

    Cons

    The bad layers and directors outweigh the good ones... No real advocate for employees. They don't follow industry project methodologies. Worst working experience I ever had!

    Advice to ManagementAdvice

    The govt needs to clean house..starting at the top!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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