Ship of Fools - consider working here only if McDonald's is not hiring - Corporate Drone Fannie Mae Employee Review

1.0
Feb 6, 2011
Recommend
CEO approval
Business Outlook

Pros

- Pay is competitive, but you will be bored senseless - Can hide out, if that's your thing - The IT support for individual users is actually quite good - very helpful people on that staff

Cons

Great place if you want to be surrounded by - mediocrity - entitlement - ridiculous bureacracy - even your screensaver is dictated (and controlled) by the company. Endless policy documents and versions of policy. - favoritism, cronyism - too many chiefs, not enough indians. Way too top-heavy. Too many people "scoping and leading" and "creating strategy" (laughable) and way too few doing any actual work. - telework - can telework 1 day a week, and it HAS TO BE THE SAME DAY EACH WEEK - High paranoia - everthing is top, top secret... An absurdly poor company that occasionally sees flashes of mediocrity. "Leadership" is a joke - they have no idea of where they want to go, and even less of an idea of how to get there. Of course, they blame conservatorship on their inability to act... they are more concerned with how they look than what they can do. Have not seen a more arrogant, self-serving bunch of "leaders" since Enron. The company functions at a snail's pace, due to incopetence and to the fact that no one here has a backbone. No one steps forward and takes the lead on anything, despite all the "strategy development" they say they're doing. These guys wouldn't know strategy if it bit them. They refuse to manage performance - that is, those who are below on performance expectations and standards are not managed out. Instead, they are either put up with, or are somehow transferred around the company. Thankfully there is a hiring freeze or at least a dramatic reduction in openings - save yourself a lot of grief and skip this for another company. Any other company.

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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