Fannie and Freddie
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Anonymous
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Looks like remote workers are #1 on the chopping block
https://www.reddit.com/r/feddiscussion/comments/1jig51d/fhfa_fannie_mae_freddie_mac_megathread/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button&sort=new |
Anonymous
In a merger situation, so obviously! The streamlining effort that is going on in government will hit Fannie+Freddie. I think many departments that do similar/same work is at risk. It's unique roles and who is more liked that works in favor of an employee during reorgs like this. |
Anonymous
| Fannie employee here with DC office. Everyone and I mean everyone is on edge. A lot of uncertainty. People are updating resumes and sending out feelers. |
Anonymous
This person was fired? |
Anonymous
dont know but Anil Hinduja. Executive Vice President and Chief Risk Officer was canned |
Anonymous
Anil was an idiot , incompetent but a talker |
Anonymous
| Were risk management positions also eliminated, or was it just one or two high level removals? |
Anonymous
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Common Securitization Solutions has to be next. Somehow not in the news. They are still 100 percent remote and no lay-offs announced.
They are co-owned by Fannie/Freddie and also under FHFA |
Anonymous
| Any news if contractors were fired at Fannie and Freddie? |
Anonymous
No one cares about the contractors |
Anonymous
| Are they going to offer voluntary leaving package like they did for federal jobs? Will they eliminate entire departments that do the same kind of work, when they merge Fannie and Freddie? Like keep risk department at Fannie and eliminate entire risk dept at Freddie? |
Anonymous
| F&F have constant layoffs so peeps should be used to this. |
Anonymous
| Even though technically Fannie and Freddie are not funded by govt. they are treated like that. Uncertainty and low job security is there in these 2 mortgages giants. |
Anonymous
| Any updates here? |
Anonymous
What are you hoping to hear? |