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Reporter: sloppy foreclosures continue Florida city pays hackers $600K in bitcoin to get computer systems back For hackers who broke into the computer systems of a Florida city a few weeks back, crime seems to be paying rather well, and the local government has agreed to pay the hefty sum of $600,000 to.
For example, WaMu’s 2007 financial statements showed that 44 percent of subprime loans, 35 percent of home equity loans, and 6 percent of Option ARMs were originated for total loan amounts in excess of 80 percent of the value of the underlying property. Further, WaMu did not require borrowers to purchase private mortgage insurance (PMI).
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