Mortgage Insurer Sees Falling Prices Until 2011
Walnut Creek, CA, July 7, 2009--Rising unemployment and foreclosures will likely force house prices to fall in more than half of the largest U.S. cities through the first quarter of 2011.
Today's Flooring News
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.
S&P Revises Mortgage Loss Estimates Higher
New York, NY, July 7, 2009--Standard & Poor's boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a more negative outlook for the troubled housing market.
Forbo Places New $138 Million, Four Year Bond
Baar, Switzerland, July 7, 2009--Forbo successfully placed today a bond of $138.4 million (CHF 150 million) with a maturity of four years.
WFCA Seeking Directors of Past Flooring Groups
Anaheim, CA. July 6, 2009--The World Floor Covering Association is attempting to track down past directors of the Retail Floorcovering Institute, American Floorcovering Association, and the Western Floor Covering Association.
Tile Doctor Names Chief Technology Officer
Atlanta, GA, July 7, 2009--Silver Cornia has been named chief technology officer for The Tile Doctor.
Välinge, MeisterWerke Sign License Agreement
Viken, Sweden, July 7, 2009--Välinge Innovation has signed a cross license agreement with MeisterWerke on its fold down side push technology and MeisterWerke's MasterClic Plus.
Consumer Loan Delinquencies on The Rise
Washington, DC, July 7, 2009--Consumer loan delinquencies rose to another record high in the first quarter, according to the American Bankers Association.
A Blissful Day for Two Atlanta Attorneys
Atlanta, GA, July 7, 2009 —Over lunch at a trendy restaurant, Heather Moody got a proposal for marriage. A couple of hours later, she won a houseful of new Bliss carpet from a drawing at the Atlanta Home Show.
Attendance of New Vendors Up at fcB2B Meeting
Atlanta, GA, July 7, 2009--The Floor Covering Business to Business Association, better known as “fcB2B,” saw an increase in the number of new vendors at its annual meeting, despite a down economy.
UK Carpet Chain Struggling, Store Closings Likely
Kent, England, July 6, 2009--Hundreds of jobs could be lost at Allied Carpets as early as this week as the carpet chain teeters on the brink of collapse, according to The sun newspaper.