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.

Government Says Foreclosures To Stay  High

Government Says Foreclosures To Stay High

Washington, DC, Dec. 22, 2011 -- Foreclosures in the initial stages rose in the third quarter and are expected to remain elevated for the “foreseeable future,” the Office of the Comptroller of the Currency said in a report.

Glut of Foreclosures To Keep House Prices Low

Glut of Foreclosures To Keep House Prices Low

Washington, DC, Dec. 21, 2011 -- Approximately 46% of homes sold in November were either short sales or repossessions, according to a survey by Campbell/Inside Mortgage Finance released Tuesday.

Proposal Would Allow Reduction of Interest Rate

Proposal Would Allow Reduction of Interest Rate

Washington, DC, Dec. 21, 2011 -- The regulator for mortgage backers Fannie Mae and Freddie Mac is considering a proposal to allow for a reduction in mortgage debt for homeowners in Chapter 13 bankruptcy, Financial Times reported.

Housing Starts, Permits Surge in November

Housing Starts, Permits Surge in November

Washington, DC, Dec. 20, 2011 -- Housing starts and permits rose to a 1-1/2 year high in November as demand for rental apartments increased, according to the Commerce Department.