Fannie Mae reviews

3.5

54% would recommend to a friend

(2,560 total reviews)
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Peter Akwaboah

37% approve of CEO

39% positive business outlook

Fannie Mae has an employee rating of 3.5 out of 5 stars, based on 2,560 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
2.0
Jun 5, 2012
Recommend
CEO approval
Business Outlook

Pros

- Pays well - Still good benefits if you're full time - Smart employees

Cons

- Low morale amongst seasoned, older staff who remember when it was a first class organization to work for. - Sweatshot like hours and expectations due to the constant firing of staff. - "Insourcing" of TONS of H1Bs from MSPs and vendors. Fannie hardly resembles America. Be good to learn Hindi if you get a job there. :) A shame too, with so many native born Americans out of work.

2.0
May 29, 2012

Changing with the times

Recommend
CEO approval
Business Outlook

Pros

1. Good benefits 2. Good work life balance

Cons

1. Favoritism 2. Increasing unfriendly environment to work in, morale is low and pressure to perform is very high, without the proper guidance and support

2.0
May 16, 2012
Recommend
CEO approval
Business Outlook

Pros

Dedicated and knowledgeable colleagues. Cutting edge technology used in some groups. Excellent compensation and benefits overall. Excellent software products for the niche secondary mortgage industry. Fannie still makes a difference in the nation's secondary mortgage industry, despite the Conservator-ship.

Cons

Highly politicized and stressful work culture, brutally long hours expected from individual contributors. Many technologists burnt out, clinically depressed and heavily medicated - unstable behavior patterns in many teams. Top down management style about three decades too late - most top management are politically connected Washington fat cats with cynical and manipulative attitudes, but huge paychecks. Fosters a "kiss up and kick down" environment, where middle management is constantly trying to do the (often mindless) bidding of their executives, most middle management completely ignorant & redundant. Constant & unnecessary meetings, leading to countless consultant hours wasted on providing status reports. HR could care less about the well being of employees unless you are senior management, it's all about toeing the line from the top - it's a miracle that they aren't swimming in Lawsuits. Note to prospective employees - work here only if desperate to pay the bills, this is a place of last resort. Note to prospective employers - don't hire a Fannie old timer, you will most likely get a do nothing political animal.

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Glassdoor has 3,058 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.