- Provide the requested information concerning your subprime loan business during the report year for New Jersey consumers only.
- For the purposes of reporting, subprime rate mortgages are defined as mortgages given to borrowers with a FICO score of 659 or lower.
- Include FHA loans as subprime loans only if they meet the definition of subprime loans (borrowers with a FICO score of 659 or lower).
- You must categorize your New Jersey Subprime Loan Business into either Adjustable Rate or Fixed Rate Loans. The application will calculate the Total for you.
- Round the requested percentage to two decimal places. If you must enter a percentage less than 1.00 enter it with a leading zero and a decimal point. For example, a quarter of a percent should be entered as 0.25
- DO NOT enter decimal points in the Dollar Amount fields. Round to the nearest whole US Dollar.
- If no subprime loans were made, answer No to the question and do not fill out the remainder of the page.
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