Pros
Fannie Mae offers great benefits that include paid volunteer hours per month, telecommute options, a great 401K contribution plan, drink machines throughout the building that include hot chocolate, coffee and teas, pantry rooms, okay cafeterias, shuttle buses, and competitive pay.
Cons
I've worked in two different departments; Single Family & Credit Risk (both very essential departments to the organization). The environment has remained tense, and the morale is nonexistent. Although there is paid volunteer leave, it's looked down upon if you decide to utilize this benefit each month. Employee Town Halls are filled with political b.s. and they always start off with "Fannie Mae is helping homeowners and we need you to help us do that..." yet they do major layoffs at least once a year. Despite the attractive benefits, Fannie Mae is an extremely political environment. I've noticed very few smiling faces walking down the halls. I would not recommend this environment for open minded and creative individuals.