Fannie Mae Director Reviews | Glassdoor

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Fannie Mae Director Reviews

Updated Dec 9, 2019

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4.1
94%
Recommend to a Friend
100%
Approve of CEO
Fannie Mae CEO Hugh Frater
Hugh Frater
1 Rating
  1. "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director, Administrative Project Management in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fannie Mae full-time for more than 10 years

    Pros

    Lots of opportunities for career growth if you are willing to change positions. Innovation is a top priority in addition to fulfilling the mission.

    Cons

    Upward mobility is sometimes limited depending on the group/organization you’re in

    Fannie Mae2019-10-10
  2. "Technology Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Technology Director in Reston, VA
    Recommends
    Positive Outlook

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

    Pros

    Salary, benefits, workplace diversity, work/life balance

    Cons

    Not innovative. Very analytical and methodical. Not a highly collaborative environment.

    Advice to Management

    Share more information. Be more open to creativity and innovation.

    Fannie Mae2019-12-10
  3. "Great environment"

    StarStarStarStarStar
    Former Employee - Director, Business Operations 

    I worked at Fannie Mae full-time

    Pros

    Benefits, people, opportunities, compensation, work life balance

    Cons

    Nothing in particular; left on own terms

    Fannie Mae2019-09-16
  4. "Great benefits, good work, lots of hours"

    StarStarStarStarStar
    Former Employee - Senior Director in Washington, DC

    I worked at Fannie Mae full-time for more than 10 years

    Pros

    great benefits, interesting work, nice people

    Cons

    bad commute from almost anywhere, and lots of hours

    Fannie Mae2019-05-06
  5. Helpful (5)

    "Breath of fresh air"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Fannie Mae full-time for less than a year

    Pros

    The drive to modernize and embrace change couples with the passion and drive of leadership is everything that makes this work so exciting and satisfying. Very impressed with the culture of Fannie Mae and how they invest in their workforce and mission!

    Cons

    Consolidating and moving all their offices to one building has caused a lot of space issues.

    Advice to Management

    The commitment to transform the company is amazing. Don’t get caught up in the process so much that you forget the environment people work in. Hoteling models to lower costs just drive people to work from home and break the collaborative rigor of working together in one place.

    Fannie Mae2018-12-02
  6. Helpful (6)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Good work-life balance and 401K benefits

    Cons

    Senior management is somewhat dysfunctional and does not have good grips of the company. Seems to be in a bubble of their own. The culture is also pretty stagnant and promotions are not always merit based.

    Advice to Management

    Be realistic, cut flab and hire fewer consultants and contractors.

    Fannie Mae2018-11-17
  7. Helpful (2)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Well paid, good work life balance

    Cons

    Difficult culture to navigate, not a lot of movement across jobs

    Fannie Mae2018-07-24
  8. Helpful (1)

    "Inclusive, Diverse and All Around Good Company to Work For"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Program Director in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fannie Mae full-time for more than 10 years

    Pros

    Benefits, pay scale, resources, training, strong corporate culture, positive values, well enforced code of conduct, casual atmosphere, highly educated human capital

    Cons

    Distance for me (perhaps not for others), too many management layers and still a top down heirarchy

    Advice to Management

    Allow room for creativity and free thinking, more risk taking, relax the hierarchical leadership approach

    Fannie Mae2018-02-07
  9. Helpful (1)

    "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director in Jacksonville, FL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Fannie Mae full-time for less than a year

    Pros

    Great workplace to work in

    Cons

    Low salary compared to peers

    Advice to Management

    Pay more

    Fannie Mae2017-12-21
  10. Helpful (6)

    "Human Capital Planning - who can we lay off?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Fannie Mae full-time for more than a year

    Pros

    Benefits, compensation, work life balance

    Cons

    Continually changing priorities and approaches has the firm in a constant state of flux. Much is said about a human capital plan, which may sound impressive but is essentailly a constant re-evaluation of who could be expendable. Another buzz phrase is shape shifting, which boils down to replacing more senior middle management with lower cost staff. The CIO actually stated that employees should consider a 18 month tenure a good run in the "current environment". Below the officer (VP) level the constant churn is discomforting. At the VP level and above the brain drain is on. If stability is important this isn't the place for you. After 9 years of conservetorship parallel business plans are about to collide. The Obama administration planned on winding Fannie down with a plan of bringing the capital position to zero by Jan. 2018. Not only is Fannie still in place, it's delivering billions of dollars to Treasure each year. Those dollars are generated from gaurantee fees collected on qualifying mortgages to cover losses related to loan defaults: essentially insurance. But all of the money collected in fees is transferred quarterly to the US Treasury, so there'll no capital to cover related losses. As a result, Fannie Mae would need to draw from Treasury to cover quarterly losses. This is exacerbated by a lower than 35% Corporate Tax rate. Fannie Mae is still writing off losses, but the writeoffs assumed a 35% tax rate. A rate any lower decreases the value of the write-offs, which increases Fannie's tax liability. With no capital in 2018 there's no money to pay higher taxes.

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    Advice to Management

    The aspirations or human capital planning are commendable. But the current plan coupled with the annual employee survey runs counter to what employees see happening.

    Fannie Mae2017-11-07
Found 45 reviews