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Mittwoch, 22. April 2009

Freddie Mac’s Acting CFO Found Dead

David Kellermann, the acting chief financial officer of Freddie Mac, was found dead at his home Wednesday morning, CNBC has learned, in an apparent suicide.

By: CNBC.com with wires | 22 Apr 2009 | 08:21 AM ET

David Kellermann was found dead in his Northern Virginia home. The 41-year-old Kellermann has been Freddie Mac’s chief financial officer since September.

Fairfax County police said the death is under active investigation because it was an “unattended” death. There are no signs of foul play, police said.

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.

- Associated Press contributed to this report.

© 2009 CNBC

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