dijap (dijap) wrote,

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Freddie Mac Official Dead in Apparent Suicide

By Tom Jackman and Zachary Goldfarb
Washington Post Staff Writers
Wednesday, April 22, 2009 8:29 AM

The acting chief financial officer of troubled mortgage giant Freddie Mac was found dead in his Vienna home early this morning after apparently committing suicide, Fairfax police said.

David 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 company had made risky mortgage-related investments that were causing billions in losses.

Финансовый директор Freddie Mac найден мертвым.

The company has been conducting a public search for a permanent chief financial officer.

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

Once a high-flying finance company, the company has been transformed into a quasi-government agency, carrying out big parts of the Obama administration's housing recovery plan.

Kellermann, who lived in the 1700 block of Raleigh Hill Road, graduated from the University of Michigan and did graduate work at George Washington University. He was a volunteer board member of the D.C. Coalition for the Homeless.

As acting chief financial officer, Kellermann reported directly chief executive David M. Moffett, according to a biographical profile posted on the company's Web site.

He 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.

Kellermann previously served as senior vice president, corporate controller and principal accounting officer for Freddie Mac, the profile said

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