INDICE PART ONE: INTRODUCTION TO SECURITIZATION. Chapter 1. The Role of Securitization. Chapter 2. Fundamentals of Structuring. Chapter 3. Fundamentals of Investment Analysis. Chapter 4. Historical Performance of Asset-Backed Securities and Mortgage-Backed Securities. PART TWO: AGENCY MORTGAGE-BACKED SECURITIES. Chapter 5. Mortgage Loans. Chapter 6. Agency Pass-Throughs. Chapter 7. Fundamentals of the Interest-Rate Market. Chapter 8. Static Analysis for Mortgage Pass-Through Securities. Chapter 9. Mortgage-Backed Securities Prepayments. Chapter 10. Total-Return Scenario Analysis. PART THREE: ADVANCED MORTGAGE-BACKED SECURITIES AND ANALYSIS. Chapter 11. Structuring CMOs, IOs, and POs. Chapter 12. Interest-Rate Volatility, Options, and Models. Chapter 13. Option-Adjusted Spread. Chapter 14. Comparing Investment Alternatives. PART FOUR: NON-AGENCY MORTGAGE-BACKED SECURITIES AND ANALYZING CREDIT RISK. Chapter 15. Non-Agency Mortgage Backed Securities. Chapter 16. Collateral Performance. Chapter 17. Home Equity and Subprime Loans. Chapter 18. Analysis of Credit-Sensitive Mortgage-Backed Securities. PART FIVE: ASSET-BACKED SECURITIES. Chapter 19. Auto-Loan Asset-Backed Securities. Chapter 20. Credit Card Asset-Backed Securities. Chapter 21. Manufactured Housing Asset-Backed Securities. PART SIX: COMMERCIAL MORTGAGE. Chapter 22. Commercial Loans. Chapter 23. Commercial Mortgage-Backed Securities. Chapter 24. The Role of Real Estate Investment Trusts (REITs). PART SEVEN: EUROPEAN SECURITIZATION MARKET. Chapter 25. Development of a Market. Chapter 26. European Residential Mortgages. Chapter 27. European Securitization Legislation. Chapter 28. Structuring Asset-Backed Securities in Europe