CNN - Freddie Mac CFO found dead

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Freddie Mac CFO found dead

The acting chief financial officer of mortgage finance giant Freddie Mac, David Kellermann, was found dead Wednesday morning, police said.

The death "may have been an apparent suicide," said Lucy Caldwell, a spokeswoman for police in Fairfax County, Va.

Authorities said there were no signs of foul play when officers were called to Kellermann's home in Vienna shortly before 5 a.m. ET, Caldwell said.

The exterior of Kellermann's brick home was quiet later Wednesday morning, according to video from the scene. A police officer left the home, and two black vehicles were parked in front.

Sharon McCail, Freddie Mac's vice president for public relations, said the company has not yet been officially notified that Kellermann is dead.

Kellermann, 41, who also served as a senior vice president, had been with Freddie Mac for more than 16 years.

He was named to the CFO and senior vice president positions in September 2008, and was responsible for the company's financial controls. This included overseeing financial reporting, compliance with tax requirements and regulations, and annual budgeting and financial planning.

Before assuming his current posts, Kellermann was corporate controller and principal accounting officer.

Kellermann held a master's degree in finance from George Washington University and a bachelor's in political science and accounting from the University of Michigan. He has served as a volunteer board member of the District of Columbia Coalition for the Homeless.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.

The government took over Freddie Mac last year, as the nationwide subprime-loan crisis escalated. In September, Freddie Mac and Fannie Mae were placed under conservatorship by its regulator, the Federal Housing Finance Agency.

Both companies back mortgages held by private homeowners, and have received massive cash infusions from the government to keep them afloat.

Former Freddie Mac CEO David Moffett, who resigned in March, was replaced this month by Michael Williams, who had remained with the mortgage finance giant after the government takeover.

Williams said the company's immediate goals would be to modify mortgages, refinance home loans and avoid housing foreclosures in order to boost the housing market.