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.

Freddie, Fannie May Need Federal Bailout

Washington, DC, July 11, 2008--The New York Times reported Friday the government was considering taking over the operations of one or both Fannie Mae and Freddie Mac, adding to fears that have mounted this week.

Analyst Downgrades H.B. Fuller

Analyst Downgrades H.B. Fuller

New York, NY, July 10, 2008--An analyst downgraded the shares of H.B. Fuller, a maker of sealants, paints and other specialty chemicals, citing a weak economy.

Mortgage Applications Up as Interest Rates Rise

Washington, DC, July 9, 2008--Applications for mortgages rose 7.5 percent last week compared with the week before as mortgage interest rates rose, according to the weekly survey by the Mortgage Bankers Association.

New Fed Rules To Crack Down on Shady Lending

Washington, DC, July 9, 2008--In its most significant response to the current housing crisis, the Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices.

H.B. Fuller Names Owens Senior Vice President

H.B. Fuller Names Owens Senior Vice President

St. Paul, MN, July 9, 2008--H.B. Fuller Co., a maker of adhesives, sealants, paints and other specialty chemicals, said that James J. Owens will become senior vice president for the North American region on Sept. 2.