The bad thing that's happening is that moves like this artificially prop up out-of-control, artificially inflated home prices.
For those looking for affordable home prices, look again: not happening.
Interesting factor. So many owners of homes now are corporations / hedge funds / etc. They will prop up their own rather than go insolvent.
The “game” is rigged. Watching a show last night about the barons at the turn of the century. They buried their hatred of one another long enough to buy a president in McKinley and get rid of William Jennings Bryan. Rockefeller, Carnegie and JP Morgan preserved their monopolies in the face of the threat Bryan posed. Fink and Blackrock will do the same thing with whatever buddies they have by manipulating rates or whatever they have to do to cover their misadventures and make them successful.