David Kellermann, acting Chief Financial Officer of Freddie Mac, was found dead of an apparent suicide.  Kellermann had been in the CFO position at Freddie Mac, one of the largest mortgage owners in the country, since September.  Kellermann was with Freddie Mac for sixteen years.

Freddie Mac and it’s sister company, Fannie Mae, own more than 50% of the mortgages across the nation.  They have been deluged with home defaults and have received $60 billion combined in federal aid. 

The CEO, David Moffett resigned from Freddie Mac last month.  Kellermann took over the CFO position after the resignation of Anthony Piszel last September when the government took over.  Home defaults and the reputation that follows are not the only problems this mortgage giant faces in today’s economy.  They will have to put in place good, strong leadership to keep their organization strong and help the many hundreds of thousands homeowners keep their homes.

Kim Shuford