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Thursday, Apr 17th

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Freddie Mac CFO Hangs Self in Basement

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David Keller was found dead in his home Tuesday morning in an apparent suicide. Keller, 41, has served as the acting chief financial officer (CFO) for Freddie Mac since September. Kellerman reportedly hanged himself in the basement of his Reston, Va. home. The Fairfax County Police Department said there are no signs of foul play.

Keller took over as CFO when Anthony “Buddy” Piszel resigned in the wake of the government takeover. The news comes on the heals of Freddie Mac CEO David Moffett's resignation last month.

The government-controlled Freddie Mac owns or guarantees about 13 million home loans.

Freddie Mac and its sister company Fannie Mae own more than half the mortgages in the United States and have received about $60 billion in federal bailout money. Freddie Mac has been criticized for what some call reckless business practices that ushered in a housing crisis that set off a ripple effect through the U.S. economy.

“The Freddie Mac family is truly saddened by the news this morning of David Kellermann?s death. We extend our deepest condolences to David?s family and loved ones for this terrible personal tragedy,” said Freddie Mac Interim CEO John Koskinen.

“David was a man of great talents. He dedicated those talents to Freddie Mac for more than 16 years, serving in many business and finance capacities before recently taking the reins as acting chief financial officer. His extraordinary work ethic and integrity inspired all who worked with him. But he will be most remembered for his affability, his personal warmth, his sense of humor and his quick wit. David was a friend to many in the Freddie Mac family, and we mourn his passing.”

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