Freddie Mac CFO David Kellerman Dead At 41 From Apparent Suicide

Today we learned that David Kellerman, the acting senior vice-president and CFO of Freddie Mac (NYSE: FRE), died from an apparent suicide at the young-age of 41.

Kellerman was found hanged in the basement of his Reston, Virginia house. Police said the death was an active investigation and there were no signs of foul play.

Freddie Mac and fellow-GSE Fannie Mae (NYSE: FNM) entered government conservatorship in September of 2008 due to their heavy mortgage losses. There are currently active investigations by federal authorities into lending and accounting practices at the now bailed-out firms. It is unclear if Kellerman was the target of such probes.

Kellerman is a 16-year Freddie Mac veteran, serving as senior vice president, corporate comptroller and principal accounting officer, before being named acting CFO following the government takeover of the company.

A number of officials commented on Kellerman's death:

Freddie Mac said:
The Freddie Mac family is truly saddened by the news this morning of David Kellermann's death. We extend our deepest condolences to David’s family and loved ones for this terrible personal tragedy.

David was a man of great talents. He dedicated those talents to Freddie Mac for more than 16 years, serving in many business and finance capacities before recently taking the reins as acting chief financial officer. His extraordinary work ethic and integrity inspired all who worked with him. But he will be most remembered for his affability, his personal warmth, his sense of humor and his quick wit. David was a friend to many in the Freddie Mac family, and we mourn his passing.

The Federal Housing Finance Agency (FHFA) said:
"We at FHFA are very saddened by the death of David Kellermann. For many years, we have known David as a person of the utmost ethical standards who was hardworking and knowledgeable in his field. 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."

U.S. Treasury Secretary Tim Geithner said:
"On behalf of the Treasury family, we are deeply saddened by the news this morning of David Kellermann's death. Our deepest sympathies are with his family and his colleagues at Freddie Mac during this difficult time."

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