Acting CFO of Freddie Mac Found Dead of Apparent Suicide

My thoughts and prayers go out to the family of David Kellermann, who took over as CFO of Freddie Mac in September when the federal government moved to take over the entity in the wake of the credit market meltdown. He was found dead today of an apparently suicide:

David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.

Mary Ann Jennings, director of public information for the Fairfax County, Va., Police Department, said Kellermann was found dead in his Reston, Va., home.

The 41-year-old Kellermann has been Freddie Mac's chief financial officer since September.

Jennings said that a crime scene crew and homicide detectives were investigating the death, but that there didn't appear to be any sign of foul play.

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.

Sadly, I fully expect the conspiracy theories to begin sprouting up in earnest despite any evidence to suggest that it was a homicide or that there were some nefarious actions behind his death.