Anonymous
04/04/2025 11:38
Subject: Re:Fannie and Freddie
Heard about more layoffs at Fannie today. Related to ethics. Does anyone have any insight? Some donation fraud.
Anonymous
04/04/2025 08:50
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Fannie and Freddie employees are way way overpaid for what they do and quality of employee. And benefits are way beyond what normal companies pay.
For example I was hired there in 2017. Staff of two. The paid me 220k base. 60k sign in and I got guaranteed 120k first year bonus if met expectations or higher. Plus 8 percent match on salary and bonus in 401k.
Offer letter was 220k salary, plus 180k bonus (sign in plus Annual bonus plus like 25k 401k match.
That’s 425k. And we worked home on Fridays where people goofed off so only a 4 day real work week. I paid my staff on average 120k.
I do same exact job today in 2025 for way less and pay ny staff way less in 2025 in a different DC company.
We were literally overpaying by 100k to 200k above market.
I lasted slightly over 3 years as it is a cesspool of backstabbing politics but with severance I cleared almost 1.5 million and bought a big beautiful house I still have.
And I did not get LTIP a lot of inside people my level got 60k to 100k LTIP on top of what I made. Plus big relocation packages.
That new building Fannie constructed right before Covid sitting empty five years cost a fortune too.
No one on there right mind ever quit when I was there. They all wait to be fired as severance is super high. I walked away 200k severance after three years.
Getting them back in person 5 days a week at Fannie is a good thing. Let the fakers quit.
My takeaway: You were fired from a sweet gig and you remain bitter.
I knew I get fired before I took job everyone warned me. But I was getting laid off prior company so not leaving a job to go there. Surprised I lasted three years. And no not bitter. My job today is cushy, no drama, I make 280k.
My co worker got paid 475k with LTIP laid off highest salary job he could find after six months was 175k he was over paid by 300k.
My other coworker laid off 2022 is still not working. He can stomach he once made 500k and non one will pay him over 200k
I don’t think I would go back if offered.
Anonymous
04/04/2025 08:37
Subject: Fannie and Freddie
Anonymous wrote:Fannie and Freddie employees are way way overpaid for what they do and quality of employee. And benefits are way beyond what normal companies pay.
For example I was hired there in 2017. Staff of two. The paid me 220k base. 60k sign in and I got guaranteed 120k first year bonus if met expectations or higher. Plus 8 percent match on salary and bonus in 401k.
Offer letter was 220k salary, plus 180k bonus (sign in plus Annual bonus plus like 25k 401k match.
That’s 425k. And we worked home on Fridays where people goofed off so only a 4 day real work week. I paid my staff on average 120k.
I do same exact job today in 2025 for way less and pay ny staff way less in 2025 in a different DC company.
We were literally overpaying by 100k to 200k above market.
I lasted slightly over 3 years as it is a cesspool of backstabbing politics but with severance I cleared almost 1.5 million and bought a big beautiful house I still have.
And I did not get LTIP a lot of inside people my level got 60k to 100k LTIP on top of what I made. Plus big relocation packages.
That new building Fannie constructed right before Covid sitting empty five years cost a fortune too.
No one on there right mind ever quit when I was there. They all wait to be fired as severance is super high. I walked away 200k severance after three years.
Getting them back in person 5 days a week at Fannie is a good thing. Let the fakers quit.
My takeaway: You were fired from a sweet gig and you remain bitter.
Anonymous
04/04/2025 08:21
Subject: Fannie and Freddie
Fannie and Freddie employees are way way overpaid for what they do and quality of employee. And benefits are way beyond what normal companies pay.
For example I was hired there in 2017. Staff of two. The paid me 220k base. 60k sign in and I got guaranteed 120k first year bonus if met expectations or higher. Plus 8 percent match on salary and bonus in 401k.
Offer letter was 220k salary, plus 180k bonus (sign in plus Annual bonus plus like 25k 401k match.
That’s 425k. And we worked home on Fridays where people goofed off so only a 4 day real work week. I paid my staff on average 120k.
I do same exact job today in 2025 for way less and pay ny staff way less in 2025 in a different DC company.
We were literally overpaying by 100k to 200k above market.
I lasted slightly over 3 years as it is a cesspool of backstabbing politics but with severance I cleared almost 1.5 million and bought a big beautiful house I still have.
And I did not get LTIP a lot of inside people my level got 60k to 100k LTIP on top of what I made. Plus big relocation packages.
That new building Fannie constructed right before Covid sitting empty five years cost a fortune too.
No one on there right mind ever quit when I was there. They all wait to be fired as severance is super high. I walked away 200k severance after three years.
Getting them back in person 5 days a week at Fannie is a good thing. Let the fakers quit.
For example I was hired there in 2017. Staff of two. The paid me 220k base. 60k sign in and I got guaranteed 120k first year bonus if met expectations or higher. Plus 8 percent match on salary and bonus in 401k.
Offer letter was 220k salary, plus 180k bonus (sign in plus Annual bonus plus like 25k 401k match.
That’s 425k. And we worked home on Fridays where people goofed off so only a 4 day real work week. I paid my staff on average 120k.
I do same exact job today in 2025 for way less and pay ny staff way less in 2025 in a different DC company.
We were literally overpaying by 100k to 200k above market.
I lasted slightly over 3 years as it is a cesspool of backstabbing politics but with severance I cleared almost 1.5 million and bought a big beautiful house I still have.
And I did not get LTIP a lot of inside people my level got 60k to 100k LTIP on top of what I made. Plus big relocation packages.
That new building Fannie constructed right before Covid sitting empty five years cost a fortune too.
No one on there right mind ever quit when I was there. They all wait to be fired as severance is super high. I walked away 200k severance after three years.
Getting them back in person 5 days a week at Fannie is a good thing. Let the fakers quit.
Anonymous
04/04/2025 08:16
Subject: Fannie and Freddie
Anonymous wrote:Those high salaries at Freddie and Fannie make me jealous
All that does is tell us something about you. Not sure why you felt like you had to share.
Anonymous
04/04/2025 07:41
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.
Correct. This is a public forum sooo ipso facto
Multi family
A part of Freddie that really should not exist at all. Provides pork to investors buying multi family rentals. Absurd waste of taxpayer money.
Should be first part of Freddie to be sold.
True, supporting the supply of credit for apartments is totally against the public interest.
Anonymous
04/04/2025 07:39
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Are the lawyers at the GSE’s at risk?
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.
There are no plans to merge Freddie and Fannie. This is fake news.
However, privatization is on the table.
I thought the whole raison d'etre for Fannie and Freddie is that the private sector isn't interested in providing this service.
Not correct
Private sector would do this and do it well.
But with Fannie and Freddie able to borrow at gov rates , they can always beat the private sector sector
US needs to privatize the GSEs and let the market do its magic
What do you mean by “privatize”? how would removing the advantages Fannie and Freddie have make mortgages better for consumers. What is this “magic” the market will do? Do you like your 30-year mortgage?
Btw you do realize that Fannie and Freddie do not originate loans?
Anonymous
04/04/2025 07:39
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Are the lawyers at the GSE’s at risk?
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.
There are no plans to merge Freddie and Fannie. This is fake news.
However, privatization is on the table.
I thought the whole raison d'etre for Fannie and Freddie is that the private sector isn't interested in providing this service.
Not correct
Private sector would do this and do it well.
But with Fannie and Freddie able to borrow at gov rates , they can always beat the private sector sector
US needs to privatize the GSEs and let the market do its magic
What do you mean by “privatize”? how would removing the advantages Fannie and Freddie have make mortgages better for consumers. What is this “magic” the market will do? Do you like your 30-year mortgage?
Anonymous
04/04/2025 06:45
Subject: Fannie and Freddie
Those high salaries at Freddie and Fannie make me jealous
Anonymous
04/04/2025 06:39
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.
Correct. This is a public forum sooo ipso facto
You’re basically a rubbernecker
Or someone who may be joining geez you’re basically a jerk
Anonymous
04/03/2025 23:14
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.
Correct. This is a public forum sooo ipso facto
You’re basically a rubbernecker
Anonymous
04/03/2025 21:28
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.
Correct. This is a public forum sooo ipso facto
Multi family
A part of Freddie that really should not exist at all. Provides pork to investors buying multi family rentals. Absurd waste of taxpayer money.
Should be first part of Freddie to be sold.
Thank you!
Anonymous
04/03/2025 21:24
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.
Correct. This is a public forum sooo ipso facto
Multi family
A part of Freddie that really should not exist at all. Provides pork to investors buying multi family rentals. Absurd waste of taxpayer money.
Should be first part of Freddie to be sold.
Anonymous
04/03/2025 21:21
Subject: Fannie and Freddie
Anonymous wrote:Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.
Correct. This is a public forum sooo ipso facto
Anonymous
04/03/2025 21:15
Subject: Fannie and Freddie
Anonymous wrote:What are MF teams?
Obviously you have absolutely no connection to Fannie… not knowing what MF stands for.