Pros
I had a very idealistic view of Fannie Mae and its purpose for our housing market. I came to Fannie Mae based on the recommendation of two colleagues, who I would indicate are top performers in the area of Technology. The director to whom we reported was highly competent and produced results. I worked with the organization for approximately 5 years, demonstrating results. At the beginning of 2011, a series of re-organizations toward Shared Services/Managed Services occured which I strongly supported. Seeing the lack of competence and inexperience throughout the Technology divisision, I thought this would be an opportunity to make progress to benefit the organization.
Cons
It seems like the management became introspective and ceased to operate in the best interest of the company and its purpose. When you have such a large, multi-tiered organization, there's an inherent risk for individuals to focus more on their career than on their purpose. During the past year, my experience quashed any hope I had for the health of the organization. Time and time again, I saw management who were more concerned for their career or their "emprire". When confronting apparent conflicts of interest and potential ethics concerns, management tried to supress and mis-direct. There is a lack of character leaving the Technology division as a soul-less shell. There did not appear to be a clear direction for the road ahead. Instead, morale is at an all time low and everyone is "going through the motions". The talented resources are either replaced through SS/MS attrition or they lose hope. When it was my time to leave, I was given 4 NEW projects during my last 2 weeks and I was prevented from wrapping up work with my current customers. That was an absolute kick to the head. I left wihout securing a replacement position ... as a customer observed (a manager), "its a bad sign when our best and brightest will chose to work no where, rather than working here". Fannie Mae is nearly complete in its transformation: A government bureacracy in every sense of the word. BTW: I found a replacement position within my 2 week transition.