Within the next 30 days, the Federal Housing Finance Agency will put to rest its long-running deliberations over whether Fannie Mae and Freddie Mac will allow principal reductions for certain distressed home mortgages. The Wall Street Journal reported earlier this week that the agency has already made the decision to go ahead with the plan on a limited basis. But in remarks at a public forum in Washington, DC, this week, FHFA Director Mel Watt said the agency is still mulling it over. Watt said...