Freddie Mac CFO Found Dead

Updated from 8:44 a.m. EDT

Freddie Mac's (FRE Quote) acting CFO David Kellermann was found dead in his home Wednesday morning in an apparent suicide.

The Fairfax County, Virginia, Police Department said the 41-year-old executive was found dead in his home in Reston, Va., a suburb of Washington, at about 4:48 a.m. Police are still investigating, but said "there were no signs of foul play."

Police would not officially confirm the death as a suicide, saying an autopsy first had to be performed. However, news reports said his wife called police after she discovered Kellerman had hung himself in the basement.

Freddie Mac temporarily postponed a scheduled offering of a five-year reference note security, in light of the news. It has not rescheduled the offering to a specific date yet.

Interim CEO John Koskinen characterized Kellerman as a "man of great talents" who worked at the mortgage giant for over 16 years in various capacities.

"His extraordinary work ethic and integrity inspired all who worked with him," Koskinen said in a statement. "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."

Kellermann had served as CFO since September, when the federal government ousted the managements of Freddie and sister government-sponsored mortgage giant Fannie Mae (FNM Quote).

Freddie disclosed in a March Securities and Exchange Commission filing that the SEC and Justice Department are investigating accounting practices and other financial matters at the firm.