Can you imagine the financial efforts the economy would feel if every home owner just up and walked away from their homes when they owe more than the definite value of the home and their loans? With the current struggles and rapid down spiral of our economy. Many financial services and institutions are burdened with many homeowners inability to maintain their mortgages financial responsibility and resulting in abrupt abandonment. The endurance and very essence of our economy and financial system depends heavily upon homeowners being able to fulfill financial obligations out in their mortgages loans. According to Anne Federwisch, “The public seems to have the perception that the financial service sector is more unethical than others area of business ( www.scu.edu)”. Unfortunately the financial service industry is plagued with many ethical issues that affect everyone and the economy. This paper will describe and discuss the virtual organization company of Mc Bride Financial Services giving background information on the profile of the business and the current moral and ethical issues faced by this financial service company.

Mc Braid financial services are an established regional mortgage lender service company that is headquartered in Boise, Idaho. The company plans to expand their financial services to parts of Wyoming, Montana, North Dakota, and South Dakota. The mission of the company is simply stated as follows “Mc Bride financial services will be the preeminent provider of low cost mortgages services sings state of the art technology in the five states of Idaho, Montana, Wyoming, North Dakota, and South Dakota. We thank you in supporting our mission”. The focal point of the company is becoming a profitable company within the first year of operating. Leverage technology to minimize cost and maximize efficiencies for customers and the business in applying for and obtaining their mortgages. Achieve financial break even within six months of commencing operations. Mc Bride business philosophy is that there customers will receive the most