Subprime Lending, 2005-2006 This tool will help you visualize New Jersey's mortgage market. Type in an address, and view a color-coded map showing the percent of mortgages granted at subprime terms in 2005 and 2006, the most recent year for which complete data is available.

Enter an addresss:
Example: 938 Broad St., Newark NJ

Over the past decade, subprime mortgages - high-cost, variable-rate loans for people whose income level or credit history make them ineligible for conventional, fixed-rate loans - have enabled millions of Americans to become homeowners for the first time.

But as the red-hot real estate market first fizzled then went cold, the dream of homeownership has turned into a nightmare for thousands of overextended borrowers struggling with subprime debt, unable to keep up with rising interest payments or to sell their homes.

The result has been a spike in mortgage delinquencies and foreclosures that will likely put more than 1 million Americans out of their homes nationwide, experts predict, while bankrupting dozens of subprime lenders and blighting communities across the country.

This data is published every year by the Federal Financial Institutions Examination Council.