2012-04-19 — huffingtonpost.com
"These initiatives stabilize the market by reducing the supply of homes and supporting the values of the surrounding homes that are still occupied," said P.J. McCarthy, who directs the sale of homes to nonprofits for Fannie Mae, the giant, government-controlled mortgage lender, whose books are now choked with distressed real estate. "They get vacant homes back into use, reducing blight in the neighborhood."
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