allincorporate.com

With the big boom a few years ago of people purchasing their homes on variable rate mortgages there have been some recent problems. No one expected the interest rates to increase in such dramatic fashion and people are being threatened with the idea of losing their homes. Well, Countrywide Mortgage just announced that they may change the terms on $16 billion of adjustable-rate mortgages before the end of 2008 so borrowers won’t lose their homes to foreclosure. They are looking into refinancing approximately 52,000 customers who currently hold subprime loans into prime and government-backed loans. They will also be easing terms for another 30,000 who may fall behind or have already missed payments when their adjustable rates rise.

I just heard that the Google stock shares are soaring like never before and estimated to hit a record high in the next couple of months. Investors estimate the stock to shoot above $800 per share which is absolutely unbelievable. I don’t know if this estimate will hold or not as you are talking about a 20% rise on a stock that has already shot up 50% recently. That is an insane amount of increase in a short amount of time for any stock. Although I have heard that Google is also bringing out a new phone to compete with Apple’s iPhone and is supposed to be much less expensive. If they don’t already have the market cornered on search engines and the internet in general now they are dipping into the cell phone industry.

No, I am not talking about Barry Bonds. I am sure that most of you have seen some business with the phrase licensed, bonded and insured on the side of their vehicles or even on their business cards. SO for those who do not know what that means I will help to spread a little bit of light on it for you. A contract bond is basically an insurance of their work. This means that a a bonding or surety company is guaranteeing the performance of their business as stated in the terms of their business license. So if they are a roofing company and they do an absolutely lousy job on your roof you can contact the surety company and inform them of your problem. They will then work with the contractor to get the roof up to par or will basically refund you your monies paid.

You see the contractor gives money to the surety company for his bond. This bond is then held against their work. This is a guarantee for you the customer. Believe it or not there are a large amount of jobs out there that actually require bonding. Not just construction companies but auto dealers and mortgage brokers as well. So know that when you are dealing with a bonded company you are in good hands.