David Kellermann, the acting chief financial officer of Freddie Mac -- and an employee of the firm for 16 years -- was found dead at his Northern Virginia home early Wednesday morning in what authorities said was an apparent suicide, according to combined press reports. The 41-year-old Kellermann had been Freddie Mac's chief financial officer since September, when the government placed the mortgage investing giant and its sister company, Fannie Mae, into a federal conservatorship. A spokesman for Freddie Mac had no comment and referred all press inquiries to the Fairfax County police. As acting chief financial officer, Kellermann was responsible for the GSE's financial controls, financial reporting, tax, capital oversight and related matters. He began his career at the company as a financial analyst/auditor. He also worked in Freddie's securities sales and trading unit. Freddie's CEO (also appointed in September), David Moffett, resigned last month. The company's stock trades for 86 cents a share.
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The company last week introduced a temporary shareholder rights plan to curb any attempt by Garg to use supervoting shares and reinstall himself as CEO.
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A pension fund can relitigate claims that Freddie Mac and its leaders misled investors over the government-sponsored enterprise's exposure to subprime loans.
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Hometap has asked federal judges in three states to compel arbitration, a move that would preclude class action lawsuits and the accompanying public scrutiny.
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All of UMortgage's roughly 275 employees will stay on, including its 246 loan officers and CEO Anthony Casa, who previously had public rifts with Mike Kortas.
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The deal with regulators for Redfin to restart its internet listing service is just one more way to help consumers on their home journey, Rocket said.
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Under NYSE rules, loanDepot has six months to bring its share price and average share price back above $1, for which it is considering a reverse stock split.
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