Fannie Mae reviews

3.5

54% would recommend to a friend

(2,559 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 2,559 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
Aug 27, 2012
Recommend
CEO approval
Business Outlook

Pros

Great people, dedicated to the company's mission. Tremendous opportunity to help millions of people.

Cons

Conservatorship leaves little room for innovation. Unlikely to emerge from current troubles. Culture of survival is hard to navigate. Talented leadership does not last.

2.0
Feb 14, 2012
Recommend
CEO approval
Business Outlook

Pros

I had a very idealistic view of Fannie Mae and its purpose for our housing market. I came to Fannie Mae based on the recommendation of two colleagues, who I would indicate are top performers in the area of Technology. The director to whom we reported was highly competent and produced results. I worked with the organization for approximately 5 years, demonstrating results. At the beginning of 2011, a series of re-organizations toward Shared Services/Managed Services occured which I strongly supported. Seeing the lack of competence and inexperience throughout the Technology divisision, I thought this would be an opportunity to make progress to benefit the organization.

Cons

It seems like the management became introspective and ceased to operate in the best interest of the company and its purpose. When you have such a large, multi-tiered organization, there's an inherent risk for individuals to focus more on their career than on their purpose. During the past year, my experience quashed any hope I had for the health of the organization. Time and time again, I saw management who were more concerned for their career or their "emprire". When confronting apparent conflicts of interest and potential ethics concerns, management tried to supress and mis-direct. There is a lack of character leaving the Technology division as a soul-less shell. There did not appear to be a clear direction for the road ahead. Instead, morale is at an all time low and everyone is "going through the motions". The talented resources are either replaced through SS/MS attrition or they lose hope. When it was my time to leave, I was given 4 NEW projects during my last 2 weeks and I was prevented from wrapping up work with my current customers. That was an absolute kick to the head. I left wihout securing a replacement position ... as a customer observed (a manager), "its a bad sign when our best and brightest will chose to work no where, rather than working here". Fannie Mae is nearly complete in its transformation: A government bureacracy in every sense of the word. BTW: I found a replacement position within my 2 week transition.

3.0
Dec 23, 2011
Recommend
CEO approval
Business Outlook

Pros

somewhat flexible work environment, opportunities for professional advancement, immediate management is knowledgeable and caring, pay is reasonable, work load is average for the industry

Cons

No raise two years in a row, although management is awarded multi-million dollar bonuses. Somehow the employees are not seen by management as a justifiable expense to the Treasury, and in order to keep top talent you have to incent them to stay. If the employees are not allowed to have a raise two years in a row, at least implement some type of employee recognition program, or set up regular work from home scenarios. Something to offset the insult of not receiving a raise right before Christmas while the upper management takes home millions of dollars.

Viewing 211 - 213 of 2,559 Reviews

Glassdoor has 3,057 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.