Freddie Mac acting CFO found dead in apparent suicide

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Wed Apr 22, 2009 9:13am EDT
WASHINGTON - David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home, a Fairfax County police spokeswoman said.

Police were called at 4:48 a.m. EDT to Reston, Virginia, spokeswoman Lucy Caldwell told Reuters.

Local media reported that Kellermann's wife called in an apparent suicide, but Caldwell did not elaborate on the cause of death.

The incident is "under investigation," she said.

According to Freddie Mac's website, Kellermann, 41, was with Freddie Mac for more than 16 years and named acting CFO in September.

Freddie Mac and rival mortgage finance company Fannie Mae were taken over by the U.S. government last year as mounting losses on housing investments weakened their balance sheets and played a role in the U.S. housing and global credit crisis.