Freddie Mac delays reference note pricing

WASHINGTON, April 22 (UPI) -- U.S. mortgage broker the Federal Home Loan Mortgage Corp. said the death of a top executive had delayed pricing of its five-year reference notes.

In a statement, Freddie Mac said, "in light of this morning's news concerning the death of David Kellermann, it believes it is appropriate to temporarily postpone, for at least one day, the pricing of its previously announced five-year Reference Notes security offering."

Kellermann was found dead in his home Wednesday morning after apparently committing suicide.

Earlier, interim Chief Executive Officer John Koskinen called the loss a "terrible personal tragedy," and said Kellermann, the firm's acting chief financial officer, was "a man of great talents."

The firm said it would release additional information on the reference notes "as it becomes available."