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Acting Freddie Mac CFO Found Dead

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VIENNA, Va. — David Kellermann, acting chief financial officer of Freddie Mac, was found dead in his Hunter Mill Estates home Wednesday morning in what police say was an apparent suicide.

Fairfax County Police spokeswoman Mary Anne Jennings tells WTOP police responded to the Kellermann home after family members dialed 911 at 4:48 a.m. Wednesday.

Sources tell WTOP Kellermann hanged himself.

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

“We’re not going to give you details of the condition of the body, except to say it was an apparent suicide.”

A medical examiner will determine the cause of death. Autopsy results may be released on Thursday, at the earliest, police say.

Police tell WTOP Kellermann’s body was found in the basement of the home.

Authorities have not commented on whether Kellermann left a suicide note.

“We will not confirm, as is the policy of our department, if there even is the existence of any note,” Fairfax County Police Officer Eddy Azcarate says.

The Kellermann home sits on the corner of Raleigh Hill Road and Brittenford Drive in picturesque Hunter Mill Estates, a neighborhood of single-family homes outside of Vienna, just over the border from Reston. According to Fairfax County tax records, Kellermann’s home is assessed at $898,440.

Family members who were home at the time of Kellermann’s death left the home Wednesday afternoon and did not speak to the media.

Neighbors tell WTOP they are surprised to hear about Kellermann’s suicide. They knew him, his wife and young daughter from neighborhood parties and the pool.

“I’m in total shock. This is a wonderful family. This is the last thing I would have ever expected,” says Susan Unger, who lives across the street from Kellermann. “I’m saddened. It’s awful.”

Unger’s husband Paul says Kellermann was a “terrific guy.”

“We’re just shocked beyond belief. This is just a wonderful family — very family oriented,” Paul Unger says.

Kellermann, 41, had been with Freddie Mac for more than 16 years.

He had been named acting chief financial officer in September 2008, taking over after Anthony “Buddy” Piszel resigned. Freddie Mac’s CEO David Moffett resigned last month.

A neighbor tells WTOP a security guard was posted – apparently as a precaution – outside the Kellermann home for “a few days” earlier this month, after Fannie Mae disclosed the names of executives in line for bonuses. Freddie Mac has not disclosed which executives would get bonuses.

Government-controlled Freddie Mac, based in McLean, has been criticized heavily for reckless business practices. Some say those practices contributed to the nation’s housing and financial crisis. Freddie Mac owns or guarantees about 13 million home loans.

As CFO, Kellermann was responsible for the company’s financial controls, financial reporting and oversight of the company’s budget and financial planning.

Freddie Mac released this statement about Kellermann’s death:

“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.

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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