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 Mortgage Roles Could Shrink

Washington, DC, Feb. 9, 2011 -- The Obama administration will recommend the gradual elimination of government-sponsored mortgage giants Fannie Mae and Freddie Mac, a White House official said Wednesday.

OW Cairo Manufacturing Back at Full Capacity

Cairo, Egypt, Feb. 9, 2011 -- Oriental Weavers' manufacturing facilities began operating at full capacity on Monday, chairman Mohamed Khamis said in a press release, Daily News Egypt reported.

Home Prices Decline in Fourth Quarter

Home Prices Decline in Fourth Quarter

Seattle, WA, Feb. 9, 2011 -- Home prices fell 2.6% nationwide during the last three months of 2010, according to a quarterly real estate market survey from Zillow.com.

Mortgage Applications Down on Higher Rates

Mortgage Applications Down on Higher Rates

Washington, DC, Feb. 9, 2011 -- Mortgage application volume fell last week as interest rates rose to their highest levels in 10 months, according to the Mortgage Bankers Association.