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| US Freddie Mac chief found dead | US Freddie Mac chief found dead |
| (29 minutes later) | |
| The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead after apparently killing himself, police say. | The acting chief financial officer of struggling US mortgage giant Freddie Mac has been found dead after apparently killing himself, police say. |
| Fairfax County Police said there was no foul play suspected in the death of David Kellermann, found in his home 20km (13 miles) west of Washington DC. | Fairfax County Police said there was no foul play suspected in the death of David Kellermann, found in his home 20km (13 miles) west of Washington DC. |
| The 41-year-old had worked for the company for 16 years and became chief financial officer in September. | The 41-year-old had worked for the company for 16 years and became chief financial officer in September. |
| Freddie Mac was bailed out by the US government last year. | Freddie Mac was bailed out by the US government last year. |
| Police were investigating the death after being called to the house just before 0500 local time by Mr Kellermann's wife. | Police were investigating the death after being called to the house just before 0500 local time by Mr Kellermann's wife. |
| "We were called from inside the house to come investigate an apparent suicide," a Fairfax police spokeswoman told local media, according to AFP news agency. | "We were called from inside the house to come investigate an apparent suicide," a Fairfax police spokeswoman told local media, according to AFP news agency. |
| Finance investigation | |
| US media reports said Mr Kellermann was found hanging in the basement of the house. | US media reports said Mr Kellermann was found hanging in the basement of the house. |
| In March Freddie Mac revealed a loss of $50.1bn (£36.1bn) for 2008, and said it planned to ask the US government for another $31bn of aid. | |
| The company received $13.8bn in federal aid last year. | |
| It also said in March that it was co-operating with an investigation by the Securities and Exchange Commission, and that employees had spoken to investigators. | |
| Freddie Mac has suffered badly in the US housing downturn | |
| However, the company said it was not aware of any links with Mr Kellermann. | |
| "Freddie Mac knows of no connections between this terrible personal tragedy and the ongoing regulatory inquiries discussed in our SEC filings," company spokesman David Palombi told Reuters. | |
| Freddie Mac's interim chief executive John Koskinen said the death was a "terrible personal tragedy." | Freddie Mac's interim chief executive John Koskinen said the death was a "terrible personal tragedy." |
| "David was a friend to many in the Freddie Mac family, and we mourn his passing," he added. | "David was a friend to many in the Freddie Mac family, and we mourn his passing," he added. |
| Mr Kellermann's job included responsibilities for the company's financial controls, financial reporting and tax. | Mr Kellermann's job included responsibilities for the company's financial controls, financial reporting and tax. |
| He also oversaw the company's annual budgeting and financial planning processes, according to his company biography. | He also oversaw the company's annual budgeting and financial planning processes, according to his company biography. |
| Freddie Mac and sister company Fannie Mae underwrite more than half of all US mortgages. | Freddie Mac and sister company Fannie Mae underwrite more than half of all US mortgages. |
| The death is the latest blow for Freddie Mac, after chief executive officer David Moffett resigned last month after just six months in the job. | The death is the latest blow for Freddie Mac, after chief executive officer David Moffett resigned last month after just six months in the job. |