January 31, 2015
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mortgage Delinquencies Should Hit 8-Year Low in 2015
New York, NY, Dec. 10, 2014 -- Credit reporting agency TransUnion is predicting that the national mortgage delinquency rate will be 2.51% in 2015, which would be the lowest level since the third quarter of 2007.
Marble Institute Elects Two Directors
Oberlin, OH, Dec. 10, 2014 -- The Marble Institute of America membership elected both Joshua Levinson and Bernard Van Etten III to serve five-year terms (2015-19) on the board of directors.
Mortgage Applications Increase Last Week
Washington, DC, Dec. 10, 2014 -- Mortgage application volume rebounded last week, jumping 7.3% from the previous week, according to the Mortgage Bankers Association.
Fannie, Freddie To Back 3% Downpayment Mortgages
Washington, DC, Dec. 9, 2014 -- Fannie Mae and Freddie Mac said Monday that they will start backing fixed-rate mortgages with minimum down payments of 3% of the home's price.
Shaw To Sell Surya Rugs Through Aligned Network
Calhoun, GA, Dec. 9, 2014 -— Surya said it has entered into an exclusive partnership with Shaw Floors to market and sell Surya area rugs through the Shaw Flooring Network aligned dealer program.
Federal Officials Visit Dalton Manufacturers
Dalton, GA, Dec. 9, 2014 -— Representatives from the U.S. Office of Textiles and Apparel visited Dalton Nov. 5 to tour manufacturing facilities, according to the Carpet and Rug Institute.
OW Hospitality Names Chapman VP of Sales
Dalton, GA, Dec. 9, 2014 -- OW Hospitality has named Dallas Chapman vice president of sales for the Americas.
Pergo Gets Favorable European Patent Ruling
Dallas, TX, Dec. 8, 2014 -– The Board of Appeals of the European Patent Office confirmed the validity of a Pergo patent that protects a one-piece fold-down locking of wood fiber flooring planks, Pergo said.
Wholesale Inventories Rise More Than Expected
Washington, DC, Dec. 9, 2014 -- U.S. wholesale inventories rose more than expected in October, according to the Commerce Department.
Oil Prices Hit Five-Year Lows
New York, NY, Dec. 9, 2014 -- Oil prices again fell to five-year lows Monday.
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