Political Environment - Project Manager Fannie Mae Employee Review

1.0
Mar 10, 2017
Recommend
CEO approval
Business Outlook

Pros

Great benefits. Technology enjoys good training opportunities.

Cons

Too political and culture bottlenecks in some divisions. Ridiculously too many daily meetings in a day. Directors work as project managers and micro manage work. Other levels can't make any decisions. Business decisions are drag, lack accountability, leadership, timeliness to respond, and laden with political, process overheads. New joinees should be careful. Management hires and portrays false image and is not clear what they want. They lack accountability and credibility and work in groups, coterie of old favorites. After couple of years be prepared to get fired. Basically a company that has a use and throw policy and boot licking works heavily. Company survives with lots of contractors. Management is easy to make junior staff a scapegoat for failures. Company lacks career opportunities.

Explore other reviews about Fannie Mae

5.0
May 25, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

benefits, pay, work life balance

Cons

no cons to be honest

3.0
Jul 5, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I had thought I’d stay there until retirement. Pay was pretty good and while upward mobility was limited there was an open environment for learning and getting involved in new things. The company was socially conscious with volunteer time available. Flex schedules were available with manager approval and that helped us effectively implement work from home in 2020. We did work a lot of long hours to get projects done but the work seemed to be appreciated and rewarded.

Cons

For a company that had been highly profitable, Bill Pulte came in and started demanding changes for the company to be run more like one on the verge of bankruptcy. Managers were forced to spend significant time managing attendance and schedules and constantly justifying staffing just to have that ignored anyway. Anybody below a Director was cut completely out of these decisions meaning managers would show up to meetings to find the no-shows had been let go with no warning. You just started to see on people’s faces they were miserable, many long time associates quietly hoping they’d be included in the next round of cuts. It’s too bad, a company I had thought I’d retire with really just became toxic.

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