Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Monday, July 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

FTC Accuses Nine Of Mortgage Deceptions

CHICAGO (CN) - The FTC claims Safe Harbour Foundation of Florida, Silverstone Lending, four allied groups and their three directors cheated homebuyers by understating the annual percentage rate of loans, failing to disclose balloon payments and negative amortization, disregarding borrowers' ability to make payments, and in other ways.

Also sued are company directors Peter Porcelli, Bonnie Harris and Christopher Tomasulo, and Keystone Financial LLC, MT25 LLC. The companies are based in Clearwater, Fla., and Las Vegas.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.