Freddie Mac CFO David Kellermann Dies, Apparent Suicide

By Jessica Madison on April 22nd, 2009

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The acting CFO, David Kellermann, of one of the nations largest mortgage companies, Freddie Mac, was found dead in the basement of his Virgina home in what police believe was a possible suicide. An autopsy is currently being conducted and the results should be released as early as later today. Although no suicide note was found, some reports say Kellermann’s wife believed his the death was a suicide.

Freddie Mac, one of the biggest mortgage companies accused of fueling our current economic downturn, through risky loans and bad mortgages continues to suffer. Just last month there newly appointed CEO, David Moffett resigned after only 6 months of work.

Many of Kellermann’s co-workers and employees were shocked to hear the news of his passing. “(He) was a man of great talents …. His extraordinary work ethic and integrity inspired all who worked with him” said Interim CEO John Koskinen of Freddy Mac. Kellermann had worked for Freddie Mac for the past 16 years and was only 41 years of age when he passed.