Freddie Mac CFO Kellermann Found Dead

(Update 1: adds in FHFA statement) David Kellermann, acting chief financial officer of mortgage giant Freddie Mac (FRE), was found dead at his home in Reston, Va. Wednesday morning in what police said was an apparent suicide. The 41-year old Kellermann has been Freddie Mac’s CFO since Sept. 2008. Police were called to Kellermann’s home at 4:48 a.m. EDT and found his body inside, according to a report in the Wall Street Journal. “It was an unattended death and there are no signs of foul play,” a spokeswoman for the Fairfax County police told the news service, although police are still continuing their investigation, she said. Freddie Mac owns or guarantees roughly 13 million home mortgages. Kellermann was named acting chief financial officer last year, after the resignation of Anthony “Buddy” Piszel, who stepped down after the Sept. 2008 government takeover of both Freddie and sister GSE Fannie Mae (FNM). A lifer at Freddie Mac, Kellerman was with the GSE for 16+ years, and was previously senior vice president, corporate controller and principal accounting officer. “For many years, we have known David as a person of the utmost ethical standards who was hardworking and knowledgeable in his field,” a statement released by the Federal Housing Finance Agency on Wednesday morning read. “As the Acting Chief Financial Officer of Freddie Mac during particularly challenging times, David was an inspiration to his staff and many others who were privileged to work with him. We extend our condolences to his family, friends and colleagues.” Write to Paul Jackson at Disclosure: The author held no relevant investment positions when this story was published. Indirect holdings may exist via mutual fund investments.

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