How the GSEs view collateral risk — and how lenders should be adjusting
Kevin Sears pulls back the curtain on NAR’s commission lawsuit settlement
AI accelerates lending. For real
Damian Eales on recent commission lawsuits and the role of buyer agents

Foreclosure relief lender Peter Porcelli sentenced to 10 years

Peter James Porcelli II, who operated Silverstone Lending LLC in Clearwater, Fla., was sentenced to 10 years in prison Thursday for mail fraud. Porcelli pleaded guilty to the charge last April. On top of the sentence, Porcelli will have to repay the $1.8 million prosecutors say he swindled from homeowners. Porcelli, a licensed mortgage lender, would mail fliers to homeowners for what he claimed was a nonprofit company called Safe Harbour Foundation that would help distressed owners keep their property.

Most Popular Articles

Latest Articles

Houses-Individual, Modern 5
Spring housing market gets more inventory 

We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please