Freddie Mac’s Acting CFO Found Dead

The acting chief financial officer for housing lender Freddie Mac, David Kellermann, was found dead Wednesday morning in what appeared to be a suicide. If the death is ruled a suicide, Kellermann will be the seventh high-profile financial services executive to have taken his own life under stress from the current economic crisis.

The Guardian:

The acting chief financial officer of troubled US mortgage giant Freddie Mac was found dead in an apparent suicide this morning.

David Kellermann, 41, was found dead in his home in Vienna, Virginia on the outskirts of Washington, before dawn. Fairfax county, Virginia police said no foul play was evident and that the cause and manner of death was under investigation by the state medical examiner. CNN reported Kellermann had hung himself, citing a law enforcement source. Police spokeswoman Lucy Caldwell said police responded to the house just before 5am (10am BST). She would not say who called police but said others were in the house.

Kellermann was named acting chief financial officer in September, after Anthony Piszel resigned following a government-takeover of the firm and a dramatic internal shake-up of the management. He reported directly to Chief Executive Officer John Koskinen. Before that he was senior vice-president and led the company’s accounting and finance operations.

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bloomberg.com

Freddie Mac, after receiving billions in loans from the government, is still being flooded with loan defaults by homeowners.