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.

Fannie, Freddie Raise LTV Ratio for Refinancing

Washington, DC, July 2, 2009--Fannie Mae and Freddie Mac said they will begin refinancing mortgages with loan-to-value ratios of as much as 125 percent as the administration seeks to increase participation in its anti-foreclosure programs.

CCA Designers Earn LEED Credentials

Alexandria, VA, July 2, 2009--Commercial Carpets of America announced two additional members of its staff have been certified with the credentials of LEEP AP.

Factory Orders Jump in May

Alexandria, VA, July 2, 2009--U.S. factory orders jumped in May by the largest amount in nearly a year, further evidence that the nosedive in manufacturing is nearing an end.

WONZ Adds Creative Accents Area Rugs

California City, CA, July 2, 2009--Creative Accents Area Rugs will carry the Wools of New Zealand brand on four collections of rugs, the company announced.

Carpetright Sees Profits Slide 72%

Carpetright Sees Profits Slide 72%

London, England, July 2, 2009--Carpetright has reported a 72% slump in annual profits, saying it has been hit by both the weakness in the housing market and the wider recession.

Pending Home Sales Rise for Fourth Month

Pending Home Sales Rise for Fourth Month

Washington, DC, July 1, 2009--Pending home resales ticked up in May for the fourth month in a row, boosted by affordability and special incentives for first-time buyers, according to the National Association of Realtors.