More than 20 waterfront condominiums in New London are being offered for sale at below appraised value via a sealed bid process.

Direct Finance Corp. of Hanover, Mass., has acquired First Call Mortgage Co., of Andover, Mass., creating the largest reverse mortgage company in New England, according to Direct Finance.

The Financial Accounting Standards Board of Norwalk has issued two new guidance documents intended to reinforce the notion that accounting and reporting are the primary responsibility of a company and its management, not its auditor.

Hedge funds measured by the Greenwich Global Hedge Fund Index (GGHFI) posted their greatest monthly losses in a decade in September, but still managed to fare much better than peer equity indices.

Mark Norman, a former sales associate at Weichert Real Estate with a background in information technology, has joined the Ridgefield office of Prudential Connecticut Realty as a sales executive.