Anonymous
Post 03/21/2025 16:33     Subject: Fannie and Freddie

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
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!


Let’s hope. Too bad democrats are always asleep at the wheel. They could have Les the charge to save money but would rather give it to urban elites. They were locked in with Freddie management in 2010’s. Obama and crew knew everything going on.

Before I realized what a backward company I was in at Freddie, I recommended a friend for an open position through my contracting company. This guy was/is a seasoned Java developer/applications architect who had been through high profile contracting gigs starting with MCI. He had a strong resume Verizon/AT&T/IBM consulting gigs, etc.

He was interviewed by the Indian director and three of his peeps. There was **no** cultural diversity in the interview panel who proceeded to pepper the candidate with the most obscure, irrelevant technical questions you can imagine, at a rapid non-stop pace. To his credit, my friend ended the 'interview' early and excused himself.

The director complained to my contracting company that they were sending him sub-standard candidates. Well, here's the 'breathtaking' part - the successful candidate was Indian, and he was the cousin of a member of the interviewing panel. He was technically weak and his written/spoken English skills were rudimentary.

But this guy was connected and although we were under whip-cracking deadlines by management, our new team member was given a free ride to float off to two hour lunches three or four times a week with his peeps.

There are talented IT pros out there that are US citizens that can't get a break and Freddie would bend over into impossible positions to make sure "H1B" Visa candidates were treated royally. That's breathtaking.


So let me ask you this to understand whether the hard right is accurate on this portrayal--that substandard H1B candidates are being hired at substandard pay. Is this true? Or is this H1B candidate receiving the same inflated pay that we're reading on this thread? That would be interesting to find out.


Substandard pay.

I would hire h1bs for testing at 60 to 75k with masters and 4 to 5 years experience. Us citizens were 80 to 95.

I would hire h1bs for development at 70 to 90k and US citizens were 90 to 110k

Also the h1bs were worked nights and weekends. And they could not take vacations whenever. Indentured servants

And we would hire 10 and fire 4 in the first 2 weeks , and then fire all at 18 month limit and start with a new batch

Just cogs in the wheel

That's good for business. That's how you cut cost and make more profit for your shareholders.


Except at GSEs they get more than market as all cronies hiring each other
Anonymous
Post 03/21/2025 16:32     Subject: Fannie and Freddie

Anonymous wrote:
Anonymous wrote:Just fired CFO at Freddie

Is this true?


Nope bad typing. Wrong C level person
Anonymous
Post 03/21/2025 16:31     Subject: Fannie and Freddie

Anonymous wrote:Just fired CFO at Freddie

Is this true?
Anonymous
Post 03/21/2025 15:59     Subject: Fannie and Freddie

Anonymous wrote:
Anonymous wrote:Just fired CFO at Freddie


Top executives and hr head are gone. That troll on reddit was right. Crying now
m
That was yesterday.
Anonymous
Post 03/21/2025 15:54     Subject: Fannie and Freddie

Anonymous wrote:Just fired CFO at Freddie


Top executives and hr head are gone. That troll on reddit was right. Crying now
Anonymous
Post 03/21/2025 15:41     Subject: Fannie and Freddie

Just fired CFO at Freddie
Anonymous
Post 03/21/2025 15:35     Subject: Fannie and Freddie

Mike Hutchins, used to work at Solomon Brothers and those Bros knew how to work.

I recall hitting World Financial Center for Thursday night happy hour when weather nice and my Buds From Solomon would come down meet us for an hour or two like 6-8pm and they would head back up to work None of this nonsense running out the door.

He also worked at UBS. Guy has Wall Street Cred.
Anonymous
Post 03/21/2025 14:44     Subject: Fannie and Freddie

Fake news that guy is a troll
Anonymous
Post 03/21/2025 14:39     Subject: Fannie and Freddie

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:People are being escorted out


You’re lying shut up


Unfortunately, someone posted on Reddit. If that is true, it seems quite similar to what happened at their regulator FHFA


Link pls. Which company?
Anonymous
Post 03/21/2025 14:38     Subject: Fannie and Freddie

Anonymous wrote:
Anonymous wrote:People are being escorted out


You’re lying shut up [/quote

Unfortunately, someone posted on Reddit. If that is true, it seems quite similar to what happened at their regulator FHFA
Anonymous
Post 03/21/2025 14:24     Subject: Fannie and Freddie

Anonymous wrote:People are being escorted out


You’re lying shut up
Anonymous
Post 03/21/2025 14:20     Subject: Fannie and Freddie

Anonymous wrote:Any readout of the Fannie town hall this morning?


Anonymous
Post 03/21/2025 14:17     Subject: Fannie and Freddie

Anonymous wrote:People are being escorted out


Of where?
Anonymous
Post 03/21/2025 14:16     Subject: Fannie and Freddie

People are being escorted out
Anonymous
Post 03/21/2025 14:02     Subject: Fannie and Freddie

What’s the latest on fat boy Pulte?