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Freddie Mac’s Acting CFO Found Dead in Apparent Suicide

A longtime analyst for mortgage giant Freddie Mac who served as acting Chief Financial Officer since the firm was taken over by the federal government ast September was found dead in his suburban Virginia home, after an apparent suicide, The Washington Post reports. David Kellermann became CFO after the government ousted top executives of Freddie Mac and Fannie Mae, which lost billions of dollars due to investments in risky mortgage-backed securities.

David Kellermann, 41, was a longtime Freddie Mac executive who joined the firm as an analyst in 1992. Police were called to his stately red brick home in the upscale Hunter Mill Estates subdivision shortly before 5 a.m., police spokesman Eddy Azcarate said. The call was made by someone inside the home, which is on a tree-studded corner lot in the 1700 block of Raleigh Hill Road.

Azcarate said Kellermann’s body was found in the basement. There was no immediate information about whether he left a suicide note, or what may have prompted him to take his own life.

One of the questions surrounding this tragedy will obviously be whether Kellermann’s death had any connection to financial problems at Freddie Mac. No one knows yet, and there are few other details about what happened. For now, it’s just a very sad day.

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