Kellermann’s death apparent suicide; company under investigation
WASHINGTON — The chief financial officer of money-losing mortgage giant Freddie Mac was found dead in his basement early Wednesday morning in what police said was an apparent suicide.
David Kellermann, 41, apparently hung himself, said a law enforcement official familiar with the investigation. He asked not to be identified because the investigation was ongoing.
Kellermann’s death is the latest in a string of blows to Freddie Mac since it was seized by the government last September. The company, which owns or guarantees about 13 million mortgages, has been criticized for financing risky loans that fueled the real estate bubble and are now defaulting at a record pace.