Fannie Mae reviews

3.6

55% would recommend to a friend

(2,557 total reviews)
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Peter Akwaboah

38% approve of CEO

39% positive business outlook

Fannie Mae has an employee rating of 3.6 out of 5 stars, based on 2,557 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Fannie Mae employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
1.0
May 25, 2013

Darkest time of my life

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Japanese green tea in the break room (better than many Japanese restaurants) Short hours Benefits (8% 401k match, down payment assistance for buying a house etc.)

Cons

I was in for a big surprise because I was assigned to do something very different from what was promised during job interview. Turned out it is a common practice - I met quite a few people who were in the same situation as me. Don't worry too much about what they tell you during interviews. Also, they really try hard to suppress your salary. I got a 50% salary raise moving to another company.

2.0
Jan 10, 2012
Recommend
CEO approval
Business Outlook

Pros

Vacation time is extensive, unlimited sick time, monthly time off to volunteer, terrific 401k plan, employee assisted housing funds, etc. Depending on what group you're in, some managers and above are a lot of fun. They recognize hard work and reward performance. Fannie encourages volunteerism - but the down side is they're CONSTANTLY asking for money for something they're raising funds for. WE DON'T HAVE ANY MONEY! We haven't gotten raises in two years.

Cons

Geez, where to start. No raises two years in a row while executives collect millions in salaries and bonuses. Horrible wasteful spending on travel and "negotiated" rates that are often much higher than every day rates. We get a quarterly full color magazine - probably 100 pages. I don't read it, right in the trash. This should be electronic, very costly to print. We also got technology mousepads. Another waste of money - how many of us didn't already have a mousepad. Over Christmas we got a Fannie Mae Healthy living color calendar. Mine went from the mail to the trash. More wasteful spending. Take those 3 items and give me my cost of them in the form of a pay raise!! Did we need poinsettias all over the offices? They just die - more wasteful spending. Yet we weren't allowed to do any company paid holiday lunches or parties. Hmmm..okay Almost everyone is eligible for quarterly bonuses except the admins. Why? Do they not work as hard as the rest of the employees to help attain the company goals? Talk about treating people like bottom feeders. So demoralizing. Good luck moving up in the company if you come in at an entry level position. Even the HR VP said it's almost impossible. There's little to no training either. Everyone's too busy with all the cuts to help you most of the time. Better be able to do it alone! It's really become a downer to work here but we're stuck. The economy is so bad it's hard to go elsewhere so even with no raises again, we stay. Well most of us. The CEO just quit and took his multi million dollar salary and recently announced million dollar bonus and hit the road. NICE message to send to the rest of us peons. A lot of VP's have left recently, I don't blame them. Now there's a moratoreum on spending - no lunches, dinners, meetings, events, etc. Just work, work, work no reward. Oh, and they raised the cost of our insurance so technically we are all working for less money than we have in 2 years. Ugh.

2.0
Jun 24, 2008
Recommend
CEO approval
Business Outlook

Pros

Great benefits - there are no other local companies that can give you as much compensations with these benefits. You get an "forgivable" loan towards your first house which reduces in principal with every year of service, 25% each year. You get a month of paternity leave which you can use all at once or spread it over the year (e.g. take every Friday off). Flexible hours, work from home, but limited.

Cons

A lot of politics, the teams are very bulky - managers are just looking for "head counts". Too many meetings. Most people will tell you that consultants do most of the work, but there are a few great employees that always put in twice as much work than others. Fannie Mae doesn't believe in firing people - you can do no work for years, but as long as you don't break any rules (porn) then its next to impossible to get fired. This is good for lazy people, but bad for most people looking for advancement in career -- especially since most management believe that head count is better than quality or productive people.

Viewing 91 - 93 of 2,557 Reviews

Glassdoor has 3,055 Fannie Mae reviews submitted anonymously by Fannie Mae employees. Read employee reviews and ratings on Glassdoor to decide if Fannie Mae is right for you.