Mortgage Company Ethical Profile

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Mortgage Company Ethical Profile

Mortgage Company Ethical Profile

 

Ethnic and racial minorities have been a major element in the agenda of civil rights in the United States. Civil rights activists have trailed a common purpose of eliminating discrimination in mortgage loans. This is one of the moral issues Mortgage companies are facing (Yinger, 1998).

Mortgage Company Ethical Profile

Though, discrimination on Mortgage lending has become more subtle of recent, some of mortgage brokers push minority borrowers to elevated cost sub prime mortgages, which are not sound to their requirements, thereby leading to financial difficulty in the long run. In more than thirty years since the enactment of lending legislation, marginalized consumers continue to contain with unequal access to mortgage loans along with poor terms and higher prices (Yinger, J1998).