Freddie Mac Chief David Kellerman Commits Suicide

Crazy.
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Freddie Mac Chief David Kellerman Commits Suicide

NEW YORK (WCBS 880) -- Farifax, VA police tell CBS TV affiliate WUSA in Washington DC the acting head of Freddie Mac, David Kellerman, has committed suicide.

Police responded to the Kellerman home after receiving a call from his wife.

Kellermann was 41-years-old.

Sabrina Ruck, a Fairfax County police spokesman, confirmed to the AP that Kellermann was dead, but she could not confirm that he committed suicide despite WUSA reporting that Fairfax police told them it was a suicide.

Kellermann's death is the latest blow to Freddie Mac, a government controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.

McLean, Va.-based Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults and have received about $60 billion in combined federal aid.

Kellermann was named acting chief financial officer in September 2008, after the resignation of Anthony ``Buddy'' Piszel, who stepped down after the September 2008 government takeover. The chief financial officer is responsible for the company's financial controls, financial reporting and oversight of the company's budget and financial planning.

Before taking that job, Kellerman served as senior vice president, corporate controller and principal accounting officer. He was with Freddie Mac for more than 16 years.

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Yeah, this is the first thing I thought -- what did he know that is about to break.