in their homes but we ve learned that not very many of them will qualify according to sources, and taxpayers will be funding those that do. the government regulator of fannie mae and freddie mac is expected to announce as early as tomorrow that the mortgage giants will start allowing limited principal reduction, debt forgiveness, to some homeowners who are under water on their loans. edward demarco, acting administrator of the federal housing finance addings managers, he has resisted allowing debt forgiveness on loans held or insured by freddie and fanny to limit taxpayer bailouts. so far taxpayers have invested more than $180 billion in them. but tomorrow, industry sources say demarco could announce that he will let fannie and freddie participate for the first time in a treasury department program to reduce mortgage debt. it s funded by more than $20 billion in bank bailout money, taxpayer money left over from that t.a.r.p.