Posts Tagged Mortgage lending

Director of Finance of Freddie Mac - Lender mortgage top in America - were discovered at the last home in Vienna, Virginia, early today. According to police, David Kellermann was suspended from police.

Kellermann has worked for Freddie Mac for 16 years, starting as a financial analysis and audit staff. He was appointed Director of Finance in 9 / 2008, after the U.S. government holds the right to control the company and dismiss 2 of the top. Neighbors have said Kellermann Lose weight quickly under pressure of new job. Some people have also told to remove the Kellermann advised to avoid stress, but Kellermann answer that he would like to help the company overcome this difficulty.

Kellermann operating about 500 employees at headquarters in McLean, Virgnia and implementation of financial reporting first quarter of the company, will be announced end of the month 5.

Freddie Mac, own 13 million of the mortgage, has been heavily criticized on the loan risk status to bubble real estate and insolvency at record levels. Company be missed more than 50 billion USD last year and the government had to support 45 billion to help companies bankrupt. Last year, David Moffett, a senior director of government had to appoint as from the intolerable pressure.

Freddie Mac and the company Fannie Mae brother is being investigated by the two companies plan to spend more than USD 210 million in bonuses to create motivation for employees to stay with the company. Kellermann received USD 170,000 and will receive 680,000 USD to year. However, law enforcement officials deny the U.S. disclosure Kellermann is targeted in the investigation or not.

Kellermann graduated from Michigan University and study business at George Washington University. He started working for Freddie Mac in 1992. His death is a shock to colleagues in the business. Have at least 5 of the box by the top officials in several months, in a financial crisis worldwide.