Fannie, Freddie, Suspend Foreclosure Sales
Washington, DC, Nov. 21, 2008--Freddie Mac and Fannie Mae have ordered mortgage servicers and foreclosure attorneys to suspend foreclosure sales and evictions for certain properties.
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.
CRI Encourages Members To Debunk Carpet Myths
Dalton, GA, Nov. 20, 2008– The Carpet and Rug Institute’s annual meeting focused largely on “mythbusting,” or encouraging members to correct much of the widespread misinformation about carpet as they market their brands.
Välinge Signs Turkish Firm for New Technology
Viken, Sweden, Nov. 21, 2008--Yildiz Entegre will use Välinge Innovation's 5G fold down technology and will be the first Turkish firm to use the technology.
Oil Prices Fall Below $50 on Recession Fears
New York, NY, Nov. 20, 2008--Oil prices fell below $50 to a two-year low Thursday in Asia as investors priced in lower crude demand from a global economic downturn that's shaping up as the worst in decades.
Beaulieu Releases Winter Market Schedule
Dalton, GA, Nov. 20, 2008–Beaulieu of America released its 2009 Winter Market Schedule.
Initial Jobless Claims at 16-Year High
Washington, DC, Nov. 20, 2008--Weekly initial jobless claims rose by 27,000 to 542,000 in the week ending Nov. 15, the highest since July 1992, the Labor Department reported Thursday.
Masland To Use Dow's Lomax Technology
Dalton, GA, Nov. 20, 2008– Masland Contract will use Dow Chemical's Lomax in the manufacturing of its latex carpet backing systems.
Mohawk Group Has New Green Calculator on Website
Boston, MA, Nov. 19, 2008 – The Mohawk Group has a new LEED Plus Calculator that is being unveiled at the 2008 GreenBuild conference.
Commercial Mortgage Delinquencies To Double
New York, NY, Nov. 20, 2008--Commercial mortgage delinquencies will double next year amid a recession and rising unemployment, Fitch Ratings said on Thursday.
Templeton Named President of Green Building Group
Washington, DC, Nov. 20, 2008--The Green Building Certification Institute (GBCI) said that Peter Templeton will assume the new role of president.