Purchase Solution

Ethics of lenders

Not what you're looking for?

Ask Custom Question

I would like to explore the ethical side as it relates to the lenders in situations where we now have had either a foreclosure or an imminent one. Briefly describe the issue while sourcing your findings.

Purchase this Solution

Solution Summary

This posting gives you an in-depth insight into Ethics of lenders

Solution Preview

Lenders Ethical situation when lending

There is an ethical as it relates to lenders when there is either a foreclosure or an imminent one. The first issue in ethics is the impact foreclosure has on the home market. If a lender, bank, or a financial institution makes a foreclosure successfully and sell the property in the market, it means that extra supply of homes in the market and that means lower costs for homes in the market. On the other hand if the lender delays mortgages or does not sell property, it hast the potential of restricting the supply of homes and driving up the home prices (1). Another, ethical issue is that when a foreclosure takes place there is an impact on feelings of people, Foreclosure means the borrower loses her home and this has ethical implications. A lender from the perspective of virtue ethics may not want to foreclose the property of a borrower who uses that property as her home. The foreclosure has such a strong feeling component that large scale foreclosures ...

Purchase this Solution


Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Operations Management

This quiz tests a student's knowledge about Operations Management

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.