Pros
If you like to switch around onto different teams, they love that and will support horizontal movement with the same pay. Lots of employee engagement opportunities even though it is remote.
Cons
Too much change going on with the FHFA getting too involved. Threatened to bring employees back to the office, then stayed remote again. People got laid off, and instead of hiring more people they just rotate people horizontally instead of promoting people vertically. The amount of projects and work keeps increasing but there is not enough staff to support it, ends up becoming a toxic environment of overworking. No pay boost either, just arbitrary work rewards to appreciate you.