Mortgage Press

Moody’s Investors Service has downgraded the ratings of three of the nation’s top lending institutions, Bank of America, Wells Fargo and Citigroup, sending the stock market into a tailspin, as all three indexes closed down more than three percent and down more than 450 points. Moody’s wasn’t the only culprit in today’s tailspin, as fear of the Eurpoean economic crisis, combined with comments made Wednesday by Federal Reserve Chairman Ben Bernanke. Click to continue