Updated from 8:44 a.m. EDTFreddie Mac's ( FRE) 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.
The company downplayed any connection to Kellermann's death, with chief spokesman David Palombi telling The Wall Street Journal that the firm is "cooperating fully in these matters." "We know of no connection between this terrible personal tragedy and the ongoing regulatory inquiries discussed in our recent SEC filing," Palombi said.