Unforgiven

Federal Housing Finance Agency Acting Director Edward J. DeMarco said Fannie Mae and Freddie Mac won’t forgive principal on delinquent mortgages, even as the Treasury Department offers incentives for writedowns.

Global hope

MF Global Holdings brokerage customers, facing a $1.6 billion gap in funds, will eventually recoup their money, according to Louis Freeh, the trustee overseeing the parent company’s liquidation.

Icahn buyout

The parent of Metro-Goldwyn-Mayer agreed to pay investor Carl Icahn more than $590 million for all his shares.

Never mind

In the first move of its kind, the Federal Communications Commission says it’s accepting a $1.25 million settlement from Verizon Wireless to end a probe into whether it asked Google to withhold so-called “tethering” software for Internet sharing.

Tune-up

Amazon has reached licensing deals with the four major US record companies, Universal Music, Sony, EMI and Warner, for a cloud music service to compete with Apple’s iTunes.