Fannie and Freddie

[Anonymous]

Anonymous wrote:
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.


Wow a director making $360k a year at a financial services platform! That’s almost as much as a kid 5 years out of college makes at their cmbs issuing competitors!

[Anonymous]

Anonymous wrote: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.

And also the Severance and bonus you lose if you quit voluntarily. When I was there for 3 years only one person I worked with quit my level. 95 percent of people the ax swung so regularly it would hit you one day and you be perp walked out the door

Also the 8 percent 401K match is unheard of as they match it also on Bonus. Someone making 200K with a 100K bonus gets 24K match in 401K. And if you job hunted it was hard.

Lets say you make 200K and job hunt. Someone offers 10 perent raise that is only 220k. Maybe you can get if really lucky 20 percent raise to 240k. Then you get job offer to realize 401k match is only 4 percent, bonus is 1/3 what you used to get and medical is twice the monthly cost. They are paying so over market many people would have to take a 100k to 200K pay cut to leave to do same exact job elsewhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

And also the Severance and bonus you lose if you quit voluntarily. When I was there for 3 years only one person I worked with quit my level. 95 percent of people the ax swung so regularly it would hit you one day and you be perp walked out the door

Also the 8 percent 401K match is unheard of as they match it also on Bonus. Someone making 200K with a 100K bonus gets 24K match in 401K. And if you job hunted it was hard.

Lets say you make 200K and job hunt. Someone offers 10 perent raise that is only 220k. Maybe you can get if really lucky 20 percent raise to 240k. Then you get job offer to realize 401k match is only 4 percent, bonus is 1/3 what you used to get and medical is twice the monthly cost. They are paying so over market many people would have to take a 100k to 200K pay cut to leave to do same exact job elsewhere.

Pulte is about to swing that axe hard!

[Anonymous]

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

This is a fact

[Anonymous]

Pulte is going hard after Freddie for some reason

[Anonymous]

Anonymous wrote:Pulte is going hard after Freddie for some reason

Freddie is his way into Fannie. My Fannie buddies are on edge right now.

[Anonymous]

Anonymous wrote:

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.

Seriously this is how much people make???? On the taxpayer dime?? I know its the same at the CFPB, where "feds" are WAY overpaid. DOGE could find a boatload of savings at these agencies.

[Anonymous]

Doesn’t the memo talk about potential comp increases for employees? What is this “swinging the axe” pp is referring to?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Seriously this is how much people make???? On the taxpayer dime?? I know it’s the same at the CFPB, where "feds" are WAY overpaid. DOGE could find a boatload of savings at these agencies.

Fannie and Freddie aren’t funded by taxpayers so this is not “on the taxpayers dime”

[Anonymous]

The taxpayer dime shit is ridiculous—zero money from the fed govt….the govt should be paying back everything the GSEs have paid in excess after 2008. But now it’s a golden goose primed for seizure by the kleptocracy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Seriously this is how much people make???? On the taxpayer dime?? I know its the same at the CFPB, where "feds" are WAY overpaid. DOGE could find a boatload of savings at these agencies.

bruh. It’s not the “taxpayer dime.” Fannie and Freddie earn their own money through purchasing mortgages and securitizing them. They PAY money to the government.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Seriously this is how much people make???? On the taxpayer dime?? I know it’s the same at the CFPB, where "feds" are WAY overpaid. DOGE could find a boatload of savings at these agencies.

You are completely uninformed

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Seriously this is how much people make???? On the taxpayer dime?? I know its the same at the CFPB, where "feds" are WAY overpaid. DOGE could find a boatload of savings at these agencies.

bruh. It’s not the “taxpayer dime.” Fannie and Freddie earn their own money through purchasing mortgages and securitizing them. They PAY money to the government.

They don’t earn their own money. The government backstop provides them what are essentially monopoly profits.

[Anonymous]

Oink

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Seriously this is how much people make???? On the taxpayer dime?? I know its the same at the CFPB, where "feds" are WAY overpaid. DOGE could find a boatload of savings at these agencies.

bruh. It’s not the “taxpayer dime.” Fannie and Freddie earn their own money through purchasing mortgages and securitizing them. They PAY money to the government.

Yes it is Fannie and Freddie are owned by the American tax payer. They are supposed to pay dividends to Treasury out of profits regularly. Fannie and Freddie just reduce dividend amount to cover new fancy buildings, bonuses, large salaries so yes it does cost taxpayers as dividend is less.