In the classic sci-fi film “2001: A Space Odyssey,” two astronauts find their lives in jeopardy when an onboard ship computer thinks it is smarter than the humans that built it and takes over their space mission. A central concept to the story was the danger of artificial intelligence (AI), capable of out-thinking and possibly […]
Anyone who has kids probably has seen them experience a moment of confusion over “old technology.” In fact, there are hilarious videos online of children trying to use rotary phones, typewriters and 1980s-era Sony Walkman music players. When you watch these videos, you can’t help but wonder how long it will be before a child […]
The latest weekly survey from MBA reports the unadjusted Purchase Index increased by five percent and is three percent higher than the same week last year. With mortgage applications for home purchase on the rise, refinance applications continue to decrease—recently hitting their lowest point since September 2008. Lenders are preparing to compete for their […]
In the mortgage industry, a borrower refers to the buying party who receives a loan for a real estate transaction.
No doubt everyone has heard the phrase “mind the gap,” a phrase first used in London to warn Underground commuters of the space between the station platform and train. “Mind the gap” is now used all over the world and in many different ways. Paying attention to gaps is good advice in many scenarios, but […]
Ten years ago, on any given Friday night, “let’s go to Blockbuster” was probably the most popular phrase in America. Back then, Blockbuster was the top video store chain in the world and one of the largest entertainment companies ever. It even had its own awards show. Over the past decade, however, Blockbuster’s customers completely […]