It was a very good company to work for not anymore. - Financial Engineer IV Fannie Mae Employee Review

2.0
29 Jun 2011
Recommend
CEO approval
Business outlook

Pros

Very good pay and bonus. Very good leave and 401k match (8%). If you are in the correct group good work life balance and work flexibility. You can move within the company if you are on good terms with your manager.

Cons

Not good Mid level maangement.(Senior Manger and Directors). Due to high level of scrutiny by the regulating authority, there is so much red tape. The number of unnecessary documents that need to be produced is just rediculous and counter productive. There are atleast 3 auditors for every developer/tester, now imagine the number of risk assessments that are done for every release of an application.

Explore other reviews about Fannie Mae

5.0
25 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

benefits, pay, work life balance

Cons

no cons to be honest

3.0
5 Jul 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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