Foreclosure Filings Hold Steady in August
Irvine, CA, Sept. 10, 2009--Foreclosure-related filings held steady last month, a sign that lenders' efforts to help distressed borrowers may be having a gradual impact, according to RealtyTrac Inc.
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Mortgage Modifications Picking Up Steam
Washington, DC, Sept. 10, 2009--Loan modifications have picked up over the past month, and servicers have placed 12% of eligible troubled borrowers into trial modifications under President Obama's foreclosure prevention plan.
Tarkett Sports Names Acting President
Montreal, Quebec, Sept. 10, 2009--The Tarkett Group has appointed Eric P. Daliere as acting president of its sports division, Tarkett Sports.
Armstrong To Take $31 Million Special Charge
Lancaster, PA, Sept. 10, 2009--Armstrong World Industries Inc. said it expects to take a $31 million accounting charge as it lives up to change-in-control agreements for employees and directors.
Initial Jobless Claims Lowest Since Mid-July
Washington, DC, Sept. 10, 2009--Initial jobless claims fell 26,000 to a seasonally adjusted 550,000 last week, the lowest since mid-July, the U.S. Labor Department reported Thursday.
Commercial, Multi-Family Delinquency Rates Rising
Washington, DC, Sept. 10, 2009--Delinquency rates continued to increase in the second quarter for all commercial/multifamily mortgage investor groups, according to the Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association.
Conference Board Index Hints at Jobless Recovery
New York, NY, Sept. 10, 2009--The Conference Board Employment Trends Index dropped 0.1 percent from the revised July number.
Consolidated Carpet Wins Starnet Award
New York, NY, Sept. 8, 2009—Consolidated Carpet's work on the Peter Cooper Village/Stuyvesant Town project was honored this year by StarNet with its Public Space Award.
Shaw Renames Commercial Carpet Inspired by Wool
Dalton, GA, Sept. 9, 2009--Shaw Contract Group premiered a product called “Wool” at NeoCon and received Best of NeoCon Gold Awards for tile and broadloom.
Consumer Borrowing Falls by Record Amount
Washington, DC, Sept. 8, 2009--Consumers curtailed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.