I applied through an employee referral. The process took 4 weeks. I interviewed at Fannie Mae (Reston, VA) in Jan 2015
Interview
(a) Initially, the Recruiter will contact you and do the pre-screening steps.
(b) The second step would be the interview with the hiring manager
(c) You may have a Panel Interview with the Director or VP level (if they decide) along with the Hiring Manager
Interview questions [1]
Question 1
Questions related to Professional side (if you are applying for a Technical role, you may undergo more than one interview (1:1 basis)
Questions based on "Scenarios" (how will you handle such scenarios)
Questions based on Ethics & Professional Conduct