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Top executive at US mortgage giant kills self: Reports

A top of executive of the troubled US mortgage finance giant Freddie Mac was found dead in his Washington area home on Wednesday of an apparent suicide, local media reported.

world Updated: Apr 22, 2009 19:28 IST

A top of executive of the troubled US mortgage finance giant Freddie Mac was found dead in his Washington area home on Wednesday of an apparent suicide, local media reported.

David Kellermann, acting Chief Financial Officer and a senior vice president of Freddie Mac, was found by his wife in their northern Virginia home, WUSA television and WTOP radio reported.

Police spokeswoman Mary Anne Jennings told WTOP that officers went to the Kellermann home after family members called them around 5:00 am.

“We were called from inside the house to come investigate an apparent suicide,” Jennings said.

Kellermann, 41, worked for Freddie Mac for more than 16 years and was named acting CFO in September, when Freddie Mac and its sister firm Fannie Mae were seized by the government to prevent their collapse.

Both mortgage finance companies have been reeling from the housing market collapse.

Hammered by the global financial crisis and the US recession, the two publicly-owned firms were bailed out at a cost to taxpayers of up to 200 billion dollars.