Fannie, Freddie Suspend Foreclosure Sales
Washington, DC, Feb. 17, 2009--Fannie Mae and Freddie Mac said they will suspend foreclosure sales involving occupied single-family and two- to four-unit residential properties through March 6.
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.
Consumer Satisfaction Up, But They Aren't Shopping
Ann Arbor, MI, Feb. 17, 2009--There's one bright spot for consumers in this poor economy: Those who are shopping enjoy the experience.
Obama To Unveil Mortgage Aid Plan Today
Washington, DC, Feb. 18, 2009--President Barack Obama today will present a $50 billion plan to slow a surge in home foreclosures that will subsidize cuts in mortgage payments for millions of struggling borrowers.
Elegant Living To Manufacture With Mannington Name
Salem, NJ, Feb. 17, 2009 -- Mannington Mills said it has entered into an agreement with Elegant Living to manufacture hardwood products under the Mannington brand name in China.
Brockway Carpets Supporting Shetland Wool
Birmingham, England, Feb. 17, 2009--Kidderminister’s Brockway Carpets is helping to sustain the traditional industry of the Shetland Islands by using the natural textile for a new range of 100 percent wool carpets.
NRF Seeks Overturn of 'Same as Cash' Ban
Washington, DC, Feb. 17, 2009 – The National Retail Federation has asked Congress to overturn recent Federal Reserve regulations that would effectively ban popular “same-as-cash” offers made by retailers.
IVC Named Carpet One's Partner of Year
Dalton, GA, Feb. 16, 2009--Vinyl manufacturer IVC US was named Carpet One's Partner of the Year at the recent Carpet One Winter Convention at the Gaylord Texan Resort in Irving, Texas.
Some Home Buyers Benefit from Stimulus Package
Washington, DC, Feb. 17, 2009--Some home buyers can claim a credit worth $8,000 - or 10% of the home's value, whichever is less - on their 2008 or 2009 taxes, thanks to the new stimulus legislation.
Manufacturing in New York Area Contracts
New York, NY, Feb. 17, 2009--Manufacturing in the New York area contracted at a record pace in February, the New York Federal Reserve Bank said.
Al Aqili Opens Rugland Showroom in Bahrain
Manama, Bahrain, Feb. 17, 2009--Al Aqili Furnishings has opened its first Rugland showroom outside the UAE at the Bahrain City Centre. AAF is a flooring specialist and interior products company.