Jury Acquits Wells Fargo, Long & Foster of Allegedly Forming 'Sham' AfBA

June 18, 2013

The class-action lawsuit filed in 2007 alleged that Wells Fargo and Long & Foster created Prosperity Mortgage as a “sham” business entity that performed little or no work in connection with mortgage transactions.

Please Log In to View


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.