This is a very unfortunate and disturbing news story.  David Kellerman was a long time Freddie Mac employee who rose to the ranks of acting CFO.  This morning the police were called to the home early this morning and they are calling this an apparent suicide but they are not releasing details.

When the stock market crashed during the Great Depression, Wall Street bankers jumped out of buildings to their death.

We may never know what caused Mr. Kellerman to take his life, but it makes you wonder what’s going on at Freddie Mac?

May God have mercy on Mr. Kellerman’s soul and I pray for his wife and daughter. This is tragic.

This has not been confirmed, but it doesn’t surprise me if it is true, but the Minnesota Legislature is considering as part of its giant tax increase bill, a provision that would either eliminate or reduce the amount of mortgage interest you may deduct on your taxes.  The are also looking at eliminating or reducing the deductibility of property taxes as well.

Everyone’s going to take a hit from the Minnesota Legislature.  It’s just a tough one to think they are going to continue to hit sellers while they are being badly bruised already by a difficult market.

I’ll publish more information as I hear what’s going on.