Fannie and Freddie

[Anonymous]

So traffics going to be an absolute sh tshow huh?

[Anonymous]

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

Hpw much? Freddie employee here

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

How much? Freddie employee here

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

How much? Freddie employee here

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus.

A couple of my friends work at Fannie and make bank to include decent size bonuses. Fannie most definitely takes care of their employees.

[Anonymous]

Anonymous wrote:
Ending its remote work flexibility, Freddie Mac (OTCQB:FMCC) told staffers to return to the office five days a week starting in May, with a promise to review pay plans to reward key employees, Bloomberg reported on Thursday, citing a Wednesday memo from Federal Housing Finance Agency Director Bill Pulte and Freddie CEO Diana Reid.

As of Jan. 31, the mortgage giant employed more than 8,000 workers.

Employees have about 45 days to come back to the office, ensuring its critical function in the U.S. mortgage market remains uninterrupted, a person familiar with the matter told Bloomberg

excellent news

Freddie Mac IT is a toxic landscape of rows and rows of Indian contractors, WITCH, take your pick, H1Bs lined up in conference rooms, all pecking away at documents and processes that add little value to the business.

The overhead of people that do not do any real work is absurd. for every productive developer, there are 20 people that do nothing but shuffle paper, plan tasks, update project plans, enter tickets for requests for work, create reports for managing up, create videos for managing down. It really is amazing that so much money can be spent on such unproductive activities for so long that no one cares.

Freddie Mac is the most expensive software development shop in the US.

[Anonymous]

Freddie’s benefits used to be more than sexual not sure what will happen with that gremlin in charge now

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Ending its remote work flexibility, Freddie Mac (OTCQB:FMCC) told staffers to return to the office five days a week starting in May, with a promise to review pay plans to reward key employees, Bloomberg reported on Thursday, citing a Wednesday memo from Federal Housing Finance Agency Director Bill Pulte and Freddie CEO Diana Reid.

As of Jan. 31, the mortgage giant employed more than 8,000 workers.

Employees have about 45 days to come back to the office, ensuring its critical function in the U.S. mortgage market remains uninterrupted, a person familiar with the matter told Bloomberg

excellent news

Freddie Mac IT is a toxic landscape of rows and rows of Indian contractors, WITCH, take your pick, H1Bs lined up in conference rooms, all pecking away at documents and processes that add little value to the business.

The overhead of people that do not do any real work is absurd. for every productive developer, there are 20 people that do nothing but shuffle paper, plan tasks, update project plans, enter tickets for requests for work, create reports for managing up, create videos for managing down. It really is amazing that so much money can be spent on such unproductive activities for so long that no one cares.

Freddie Mac is the most expensive software development shop in the US.

Bro we know an Indian took your job away don’t be salty

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

How much? Freddie employee here

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus.

I worked there and got 240K base and a 120K bonus with a 8 percent 401k match off the whole 360K

They canned me after I completed a huge multi year project where things were not in run state and need less work and replaced me a DEI figure head making 450K a year, she in turned hired someone to do my old job at 360k a year who in turn was too junior then both started hiring consultants/contractors to help with work who started billing my old dept 2 million a year.

Quite Frankly I worked really hard and long hours but at 360K I felt it was worth it. If I had to do it again. I would have worked less, spend a few million on consultants to do my job, taking credit for it then spent my 40 hours a week doing politics and backstabbing as that is how you survive.

My first year I got a 120K sign on, 240K salary and a 120K year end bonus. Year they canned me I got my full 120K bonus, by then 250K salary and 40K severance. Which I thought was a lot but then they replaced me with a 450K person who hired a 350K person to help them run area. The money spending was crazy.

They would just take it out of the Dividend they send Uncle Sam and it was like magic money.

[Anonymous]

Agree with PP about the amount of backstabbing and money waste of Fannie. It worked out for me financially until it didn’t. They love to hire a shiny new narcissist who makes long-term employees lives Hell but you stay because of the ridiculous bonuses and incredible health benefits. I know people there who are very unhappy, but Due to concerns with healthcare/pre-existing conditions and fannies very generous healthcare plan, feel stuck.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

How much? Freddie employee here

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus.

I worked there and got 240K base and a 120K bonus with a 8 percent 401k match off the whole 360K

They canned me after I completed a huge multi year project where things were not in run state and need less work and replaced me a DEI figure head making 450K a year, she in turned hired someone to do my old job at 360k a year who in turn was too junior then both started hiring consultants/contractors to help with work who started billing my old dept 2 million a year.

Quite Frankly I worked really hard and long hours but at 360K I felt it was worth it. If I had to do it again. I would have worked less, spend a few million on consultants to do my job, taking credit for it then spent my 40 hours a week doing politics and backstabbing as that is how you survive.

My first year I got a 120K sign on, 240K salary and a 120K year end bonus. Year they canned me I got my full 120K bonus, by then 250K salary and 40K severance. Which I thought was a lot but then they replaced me with a 450K person who hired a 350K person to help them run area. The money spending was crazy.

They would just take it out of the Dividend they send Uncle Sam and it was like magic money.

What level? Has to be VP

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

How much? Freddie employee here

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus.

I worked there and got 240K base and a 120K bonus with a 8 percent 401k match off the whole 360K

They canned me after I completed a huge multi year project where things were not in run state and need less work and replaced me a DEI figure head making 450K a year, she in turned hired someone to do my old job at 360k a year who in turn was too junior then both started hiring consultants/contractors to help with work who started billing my old dept 2 million a year.

Quite Frankly I worked really hard and long hours but at 360K I felt it was worth it. If I had to do it again. I would have worked less, spend a few million on consultants to do my job, taking credit for it then spent my 40 hours a week doing politics and backstabbing as that is how you survive.

My first year I got a 120K sign on, 240K salary and a 120K year end bonus. Year they canned me I got my full 120K bonus, by then 250K salary and 40K severance. Which I thought was a lot but then they replaced me with a 450K person who hired a 350K person to help them run area. The money spending was crazy.

They would just take it out of the Dividend they send Uncle Sam and it was like magic money.

What level? Has to be VP

I know Sr. Managers and Directors making about the same! It's insane and they only do it because they don't want those profits going to the government.

[Anonymous]

Wow. Freddie definitely doesn’t pay as much as Fannie!

[Anonymous]

I work for financial non-profit as a director of technology with only two people report to me. My salary is 240K/yr with 60K annual bonus. This is a 5000 employees non-profit organization.

[Anonymous]

Anonymous wrote:Wow. Freddie definitely doesn’t pay as much as Fannie!

Well with the new Administration I have feeling things are about to go on lockdown. IF Fannie and Freddie go private they won't be paying these ridiculous salaries or bonuses! Most of the people i know that work there are high paid spreadsheet pushers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fannie paid out some crazy bonuses this year to include decent raises.

How much? Freddie employee here

I know someone who got $70k bonus and a 5% raise. They have been with FNMA for 12 years as a Manager level position. This person has continually received $50k - $70k annual bonus.

I worked there and got 240K base and a 120K bonus with a 8 percent 401k match off the whole 360K

They canned me after I completed a huge multi year project where things were not in run state and need less work and replaced me a DEI figure head making 450K a year, she in turned hired someone to do my old job at 360k a year who in turn was too junior then both started hiring consultants/contractors to help with work who started billing my old dept 2 million a year.

Quite Frankly I worked really hard and long hours but at 360K I felt it was worth it. If I had to do it again. I would have worked less, spend a few million on consultants to do my job, taking credit for it then spent my 40 hours a week doing politics and backstabbing as that is how you survive.

My first year I got a 120K sign on, 240K salary and a 120K year end bonus. Year they canned me I got my full 120K bonus, by then 250K salary and 40K severance. Which I thought was a lot but then they replaced me with a 450K person who hired a 350K person to help them run area. The money spending was crazy.

They would just take it out of the Dividend they send Uncle Sam and it was like magic money.

What level? Has to be VP

Only a Director than a low level VP. If you were connect they also give LTIP. VPs they like and VPs get LTIP which is a bonus on top of a bonus. The CEO pay had a cap but not staff. We had staff making more than the CEO.

Then they are paying sign on bonuses, relocation packages back then, big severance packages, headhunter fees, high paid contactors. Huge LTIP and severance is based on levels so some people get 4-6 weeks a year severance.

Some peoples job is mainly managing external contractors who do their job for them.