Mortgage companies lost an average of $560 on every loan they originated in 2007, up from $50 per loan they lost in 2006, according to the Mortgage Bankers Association's (MBA) annual cost study.

Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans, including as many as 4,500 in Connecticut, to keep people from losing their homes.

Tygris Commercial Finance has signed a lease at 40 Danbury Road in Wilton, becoming the second tenant in the state’s first LEED Gold pre-certified building.

The Federal Reserve Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions and offering banks interest on reserves.

Wells Fargo & Co. said it agreed to buy Wachovia Corp. for about $15.1 billion, without U.S. government help, thwarting a planned Citigroup deal that had been seen as big boost for both Citi and Wachovia.