Fannie and Freddie

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you expect any other lay offs in Fannie and Freddie? If you are in office 5 times a week, can you still get laid off?

The answers are in project 2025. It tells you what their plans are

Oh my gosh, maybe you could summarize for everyone if you’ve already read project 2025

Key Proposals for Fannie Mae and Freddie Mac
• End Conservatorship and Privatize: Project 2025 recommends that the Department of the Treasury terminate the federal conservatorship of Fannie Mae and Freddie Mac, aiming to privatize them and reduce government involvement in the housing finance market. 
• Wind Down GSEs: The plan suggests an orderly wind-down of both entities to foster a more sustainable housing finance system dominated by private capital. 
• Eliminate the 30-Year Fixed-Rate Mortgage: Critics, including the National Fair Housing Alliance, warn that Project 2025’s approach could effectively eliminate the 30-year fixed-rate mortgage, a cornerstone of American homeownership.

Here is the link https://www.project2025.observer/

I don’t think they can end the conservatorship this year. This would atleast take 1.5 to 2 years…are they going to merge the twins into one private company? I have heard about sovereign wealth fund also. Not sure what is that.

Truly, are you not paying attention? They’re not looking to do anything systematically and methodically.

[Anonymous]

Pre-Covid when I worked at the GSEs on Fridays everyone who was not mission critical could work from home.

95 percent of company worked remote on Fridays. What does that tell you about excess staff.

[Anonymous]

That doesn’t mean at all that they have excess staff. You are applying “mission critical” in the wrong way. The mission is critical and you need employees to execute that mission. ‘Mission critical’ language is now just code for an “excuse to fire people”. Nothing else. It doesn’t mean at all that there are too many.

Why would you desire hardship on your fellow Americans anyway? Whatever slight you have, or jealousy or negative assumption is just immature and doesn’t foster growth for you or our country as a whole.

[Anonymous]

This is the correct answer and thought process. Wishing bad for others will only harm you in the end.

[Anonymous]

Anonymous wrote:Pre-Covid when I worked at the GSEs on Fridays everyone who was not mission critical could work from home.

95 percent of company worked remote on Fridays. What does that tell you about excess staff.

Nothing

[Anonymous]

Anonymous wrote:Pre-Covid when I worked at the GSEs on Fridays everyone who was not mission critical could work from home.

95 percent of company worked remote on Fridays. What does that tell you about excess staff.

They could cut 50% and Freddie would
Work just fine

The have checkers checking the checkers who are checking the auditors.

Completely insane and waste of money. But no competition so they get away with it

[Anonymous]

Why don’t we start with 50% cut in every company. Private and non private. In this way lot of $ can be saved to bring the country out of debt.

[Anonymous]

Anonymous wrote:Why don’t we start with 50% cut in every company. Private and non private. In this way lot of $ can be saved to bring the country out of debt.

Because businesses try not to hire unnecessary people. And, those dollars are not the ones that will bring the country out of debt. You don't want people working and paying taxes?

[Anonymous]

No work life balance; .Net technologies are very old; Leadership only wants to get work done so they can look good infront of upper management; Developers are humiliated & put on spot daily in front of management. Not a healthy work environment

[Anonymous]

As a ex GSE employee
We build something
Test it
Have SQM review
Have a second check in SQM
First line of defense tests.
Risk management looks at it.
Audit looks at
Some IT committee looks at it.
FHFA and Board looks At it

Doing anything involves a million steps.


My start up I worked at we build it.

Limited till out and test in production

Then full launch

[Anonymous]

Anonymous wrote:No work life balance; .Net technologies are very old; Leadership only wants to get work done so they can look good infront of upper management; Developers are humiliated & put on spot daily in front of management. Not a healthy work environment

Ha ha what they call agile. Morning scrum where they yell at you

[Anonymous]

Fannie Mae Adds Key Trump Ally Malik to Its Board, Pulte Says

[Anonymous]

Anonymous wrote:As a ex GSE employee
We build something
Test it
Have SQM review
Have a second check in SQM
First line of defense tests.
Risk management looks at it.
Audit looks at
Some IT committee looks at it.
FHFA and Board looks At it

Doing anything involves a million steps.


My start up I worked at we build it.

Limited till out and test in production

Then full launch

I found it hat for many of Indians h1bs. This was the first professional job in US and they never leave because of the 4 to 5 week vacation time

But they LOVED the process. No need to think just follow the process and you can’t get fired

[Anonymous]

Anonymous wrote:

Anonymous wrote:As a ex GSE employee
We build something
Test it
Have SQM review
Have a second check in SQM
First line of defense tests.
Risk management looks at it.
Audit looks at
Some IT committee looks at it.
FHFA and Board looks At it

Doing anything involves a million steps.


My start up I worked at we build it.

Limited till out and test in production

Then full launch

I found it hat for many of Indians h1bs. This was the first professional job in US and they never leave because of the 4 to 5 week vacation time

But they LOVED the process. No need to think just follow the process and you can’t get fired

Like making a Big Mac
Two all Beef Patties
Special Sauce
Lettuce
Cheese
Pickle
Onions
On a Sesame Bun

Just keep repeating and never ask why you are doing it that way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As a ex GSE employee
We build something
Test it
Have SQM review
Have a second check in SQM
First line of defense tests.
Risk management looks at it.
Audit looks at
Some IT committee looks at it.
FHFA and Board looks At it

Doing anything involves a million steps.


My start up I worked at we build it.

Limited till out and test in production

Then full launch

I found it hat for many of Indians h1bs. This was the first professional job in US and they never leave because of the 4 to 5 week vacation time

But they LOVED the process. No need to think just follow the process and you can’t get fired

Like making a Big Mac
Two all Beef Patties
Special Sauce
Lettuce
Cheese
Pickle
Onions
On a Sesame Bun

Just keep repeating and never ask why you are doing it that way.

exactly

but don't get in the way of the Tesla runs leaving the building at 3:30 for Ashburn. priorities.