Fannie and Freddie

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03/25/2025 18:26

Subject: Fannie and Freddie

quote

Anonymous

Is it a good idea to move from freddie and Fannie to banks? I see Goldman Sachs has layoff as well. It sounds scary in banks as well but GSEs look like a target for Trump admin.

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03/25/2025 19:47

Subject: Fannie and Freddie

quote

Anonymous

Anonymous wrote:Is it a good idea to move from freddie and Fannie to banks? I see Goldman Sachs has layoff as well. It sounds scary in banks as well but GSEs look like a target for Trump admin.

Already happening in the private sector. Banks and financial services industry will be affected too. Unless you have an immediate threat or are desperate, you don't want to be a new employee in any organization right now.

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03/25/2025 19:57

Subject: Fannie and Freddie

quote

Anonymous

Anonymous wrote:

Anonymous wrote:Is it a good idea to move from freddie and Fannie to banks? I see Goldman Sachs has layoff as well. It sounds scary in banks as well but GSEs look like a target for Trump admin.

Already happening in the private sector. Banks and financial services industry will be affected too. Unless you have an immediate threat or are desperate, you don't want to be a new employee in any organization right now.

I agree with you. I'm just being terrified. Everyone is terrified in GSE.

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03/25/2025 20:57

Subject: Re:Fannie and Freddie

quote

Anonymous

Anonymous wrote:

Anonymous wrote:another Freddie Mac employee. And in IT department. Every day I go in thinking I may be fired. There is nothing family friendly about Freddie Mac.

Completely arbitrary. No one in management feels safe and it ripples down. I have been through 5 VPs in last 4 years. Managers live in NY and have no investment in firm.

In one month, worked 3 weekends in a row, on top of full 50 hour weeks, and the weekends were 5:00 AM calls with 16 hour for deployments, and managers calling monday asking why I haven't completed something. I say managers because norm is to have people matrixed to multiple projects, so you thrash and show up for meetings and status calls, but get little done. No one cares about your family because most people are contractors from a managed service provider.

Really, how much has a 30 year loan changed over the years, it is not that hard, but the politics and restatement, and recession, and outsourcing, have turned it into a very un-family friendly place.

That’s how I felt my three years. When I got fired guy was telling jokes. Got new boss who did me dirty as soon as hired as wanted job his buddy. After two minutes said you look like nice guy I am sure you are not going to steal or Rob us. I will let you walk out on own no security guard.

Freddie Mac is a cesspool

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03/25/2025 21:37

Subject: Fannie and Freddie

quote

Anonymous

Anonymous wrote:

Anonymous wrote:Is it a good idea to move from freddie and Fannie to banks? I see Goldman Sachs has layoff as well. It sounds scary in banks as well but GSEs look like a target for Trump admin.

Already happening in the private sector. Banks and financial services industry will be affected too. Unless you have an immediate threat or are desperate, you don't want to be a new employee in any organization right now.

Sinking ship everywhere

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03/26/2025 11:24

Subject: Fannie and Freddie

quote

Anonymous

Pulte at Freddie today. Svp of ERM gutted

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03/26/2025 11:31

Subject: Fannie and Freddie

quote

Anonymous