The Federal Housing Finance Agency decided to roll out a principal reduction plan for certain Fannie Mae and Freddie Mac loans as its last post-crisis effort to help struggling borrowers. It estimates that 33,000 homeowners could benefit from the program that will expire at yearend.The plan was given the go-ahead this week by FHFA Director Mel Watt, after a multi-year analysis by the agency. The FHFA said the program will provide seriously delinquent borrowers a final opportunity to address negative equity, avoid foreclosure and help stabilize neighborhoods that have not recovered from the foreclosure crisis. According to a press statement on the effort, only a select group of troubled borrowers will be...