I had a thought of doing something that goes above and beyond my typcal nerdiness--The time requirement is great, so I may do it very selectively. That thought was to take all of LEND's securitizations an line the up so that you could see the evolution of the characteristics affecting these loans. Here's what I was thinking about in terms of format.
Unfortunately, the earlier formats were different, and these docs are a little cumbersome, but I plan to complete this for a few offerings. Here's something worth noting, in looking at the 2003-2 securitization, the % of baloons was only 5.46%. Also, the average loan size was 153.2K the overall pricnicpal was $416.8M--less than half of what you see here.