Company with diminishing future .. though still pays well - Director Fannie Mae Employee Review

2.0
Aug 6, 2015
Recommend
CEO approval
Business Outlook

Pros

- One of the better paymasters in the DC area - Still has overall good benefits - though they are going away quickly over the years - Location of offices in Northern VA, MD, DC offer multiple commute choices if your manager allows - Fairly decent technology environment and remote working capabilities

Cons

- Upper executive management over the years have been replaced with Wall Street execs with less than ideal values and culture - Lack of commitment to the firm from most of the top executives who have been commuting weekly from out of town for over 5 years - Short-term focus (and hence lack of focus) - Sense of mission purpose is no longer clear - Politically motivated - does not operate like a "real" firm from a financial or results perspective - Unqualified leadership (by experience and domain expertise) at both the executive and middle-management levels - Go-along mentality is more a success criteria rather than results - Core IT services have been outsourced, it was a disaster and it's getting worse - Morale at the working staff level is "low"

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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