Connecticut

WMC Mortgage, a leading subprime originator during the boom era, could file for bankruptcy by parent company General Electric if it loses a legal proceeding regarding indemnifications on mortgage-backed securities.

The median sale prices for single-family homes and condominiums in Connecticut rose significantly in March, even as the number of sales in both categories decreased.

A federal jury is poised to determine whether a former Cantor Fitzgerald managing director's tactics in trading mortgage-backed securities constitute securities fraud.

Connecticut homes sales turned in a lackluster performance in March, but those that did sell commanded some of the highest prices in nearly four years, a new report Tuesday showed.

After less than a week of trial, prosecutors rested their case against a former Cantor Fitzgerald trader accused of lying to his customers about bond prices.

A portfolio manager for an investment firm allegedly defrauded by a former Cantor Fitzgerald managing director said he might still work with a trader who lied to him — depending on the circumstances.

The trial of a former Cantor Fitzgerald mortgage-backed securities trader charged with lying to his clients turned contentious as his lawyer aggressively questioned one of his alleged victims about methods his firm uses to invest.

Former Cantor Fitzgerald managing director David Demos is on trial, accused of deceiving clients about the prices his firm could sell or pay for mortgage-backed securities.

Home sale prices across Connecticut jumped for the second month in a row in February, but the sales volume was weak, and some experts said it it still too early in the year to declare the start of a trend.

The city is using its blight ordinance to pressure the owner of the Hartford 21 tower to do something with another prominent but deteriorating building near Bushnell Park: the former YMCA building.