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Countrywide Mortgage Ethical Issue

Countrywide Mortgage Ethical Issue

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The ethical issue that caused the downfall of Countrywide Mortgage was trying to make the loan experience available to all. The loan experience had not been available to all based on sex, race and national origin. In the past society has move away from doing simple ethical issues. The idea of being a home owner in recent years has been unheard for certain people. Minorites were excluded for having this experience.
The subprime loan at Countrywide Mortgage had some good ethical intentions. This type loan was risky and sometimes went into delinquent status. Country adopted some programs to assist in getting a mortgage loan for people who traditionally not qualify. Subprime loans were the only way some people could get into the mortgage business.

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