Top Executive of US Mortgage Giant Freddie Mac Found Dead

World | April 22, 2009, Wednesday // 15:46
Top US Mortgage Giant Freddie Mac Official Found Dead: Top Executive of US Mortgage Giant Freddie Mac Found Dead Freddie Mac's trading floor. Photo by Freddie Mac

The acting chief financial officer of the troubled mortgage giant Freddie Mac was found dead in his home early Wednesday morning.

The news was reported by the Washington Post, citing local police.

David Kellerman apparently committed suicide in his Vienna home in Fairfax County, Virginia - a Washington DC suburb.

Kellermann, 41, was a longtime Freddie Mac executive who joined the firm as analyst in 1992. He was named acting chief financial officer last September when the federal government seized Freddie Mac, the Post informs.

Life has changed dramatically for Freddie Mac employees in the year since the housing market crashed and the economy entered a major downturn.

Kellermann was responsible for the company's financial controls, financial reporting, tax, capital oversight, and compliance with federal oversight requirements, and also oversaw the company's annual budgeting and financial planning processes.

 

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Tags: Global Financial Crisis, Freddie Mac
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