8-K 1 d200848.txt AMERIQUEST MORTGAGE SECURITIES INC ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 24, 2003 AMERIQUEST MORTGAGE SECURITIES INC. (as depositor under the Pooling and Servicing Agreement, dated as of November 1, 2003, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2003-11) Ameriquest Mortgage Securities Inc. ----------------------------------- (Exact name of registrant as specified in its charter) -------------------------------------------------------------------------------- Delaware 333-105982 33-0885129 -------- ---------- ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification Number) 1100 Town & Country Road, Suite 1100 Orange, California 92868 ------------------ ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (714) 564-0660 -------------- ================================================================================ -2- Item 2. Acquisition or Disposition of Assets ------------------------------------ On November 12, 2003, a single series of certificates, entitled Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2003-11 (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of November 1, 2003 (the "Agreement"), among Ameriquest Mortgage Securities Inc. as depositor (the "Depositor"), Ameriquest Mortgage Company as master servicer (the "Master Servicer") and Deutsche Bank National Trust Company as trustee (the "Trustee"). On December 24, 2003 following the closing of the initial issuance of the Certificates, the Trustee purchased from the Depositor certain Subsequent Mortgage Loans, as defined in the Agreement, with an aggregate principal balance equal to approximately $406,047,300.49 with funds on deposit in the pre-funding accounts (the "Pre-Funding Accounts") established pursuant to the Agreement at a purchase price equal to the principal balance thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant to a Subsequent Transfer Instrument, dated December 24, 2003, between the Depositor and the Trustee (the "Instrument"). Attached to the Instrument is the Mortgage Loan Schedule listing the Subsequent Mortgage Loans that are the subject of such Instrument. On December 30, 2003 following the closing of the initial issuance of the Certificates, the Trustee purchased from the Depositor certain Subsequent Mortgage Loans, as defined in the Agreement, with an aggregate principal balance equal to approximately $60,601,939.99 with funds on deposit in the Pre-Funding Accounts established pursuant to the Agreement at a purchase price equal to the principal balance thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant to a Subsequent Transfer Instrument, dated December 30, 2003, between the Depositor and the Trustee (the "Second Subsequent Transfer Instrument"). Attached to the Second Subsequent Transfer Instrument is the Mortgage Loan Schedule listing the Subsequent Mortgage Loans that are the subject of such Second Subsequent Transfer Instrument. Item 5. Other Events ------------ Description of the Mortgage Pool The Certificates, issued pursuant to the Agreement, evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting primarily of a segregated pool (the "Mortgage Pool") of conventional, one- to four- family, first lien adjustable-rate and fixed- rate mortgage loans having original terms to maturity of not greater than 30 years (the "Mortgage Loans"). As of the Subsequent Transfer Date, the Trust Fund primarily consisted of (i) the Mortgage Pool, which consisted of Mortgage Loans having an aggregate principal balance of approximately $1,433,339,759.35 as of November 1, 2003 and (ii) the Pre-Funding Accounts, which in the aggregate contained approximately $466,660,240.65. As more fully described above, on December 24, 2003 and December 30, 2003, the Depositor purchased the Subsequent Mortgage Loans with the funds on deposit in the Pre-Funding Accounts. -3- The tables attached as an exhibit hereto describe certain characteristics of the Mortgage Pool as of December 30, 2003, the end of the "Funding Period" (as defined in the Agreement). Item 7. Financial Statements and Exhibits --------------------------------- (a) Not applicable (b) Not applicable (c) Exhibits Exhibit No. Description ----------- ----------- 4.2 Subsequent Transfer Instruments, dated as of December 24, 2003 and December 30, 2003, between Ameriquest Mortgage Securities Inc. as seller and Deutsche Bank National Trust Company, as trustee. 99.1 Characteristics of the Mortgage Pool as of November 1, 2003, relating to Ameriquest Mortgage Securities Inc., Asset- Backed Pass-Through Certificates, Series 2003-11. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf the undersigned thereunto duly authorized. Dated: December 30, 2003 AMERIQUEST MORTGAGE SECURITIES INC. By: /s/ John P. Grazer --------------------------- Name: John P. Grazer Title: Chief Financial Officer -5- Index to Exhibits -----------------

~~SECURITIES~~Sequentially ~~AND~~Exhibit ~~EXCHANGE COMMISSION Washington, D~~No.C. ~~20549~~Description ~~FORM~~Numbered 8Page -K---------- Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2003 AMERIQUEST MORTGAGE SECURITIES INC. (as depositor, Ameriquest Mortgage Company, Master Servicer, and Deutsche Bank National Trust Company, as Trustee). AMERIQUEST MORT SEC INC ASSET BACKED PASS THR CERTS SE 03 11 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-~~105982~~-05--------- 33-~~0885129~~------------ ~~(Commission File Number) (I~~4.~~R.S.~~2 ~~Employer~~Subsequent ~~Identification~~Transfer ~~No.) 1100 TOWN & COUNTRY ROAD~~Instruments, ~~SUITE~~dated ~~1100~~as ~~ORANGE, CALIFORNIA 92868 (Address~~ of ~~principal~~December ~~executive offices) (Zip Code) Registrant's Telephone Number~~24, ~~Including~~2003 Area Code: (714) 541-9960 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and ~~Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of~~ December 2630, 2003., ~~SIGNATURE~~between ~~Pursuant~~Ameriquest toMortgage ~~the requirements of the~~ Securities ~~Exchange~~Inc. ~~Act~~as ofseller ~~1934,~~and ~~the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.~~ Deutsche Bank National Trust Company, ~~not in its individual capacity, but solely~~ as atrustee. ~~duly~~99.1 ~~authorized~~Characteristics ~~agent~~ of the ~~Registrant~~Mortgage ~~pursuant~~Pool ~~to the Pooling and Servicing Agreement, dated~~ as of ~~Novemebr~~November 1,~~2003.~~ ~~Date: Jan 02~~2003, ~~2004~~relating ~~By:~~to ~~/s/~~Ameriquest ~~Katherine~~Mortgage M.Securities ~~Wannenmacher Katherine M~~Inc., ~~Wannenmacher~~Asset-Backed ~~Vice~~Pass- ~~President~~Through ~~EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of December 26~~Certificates, Series 2003-11.

	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	December 26, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				22
			12.	Realized Loss Detail Report				25
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				26
				Total Number of Pages				26
			CONTACTS
				Administrator: Danette Susag
				Direct Phone Number: (714)247-6267
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Ameriquest Mortgage Corp					Cut-Off Date: November 1, 2003
	Certificate Insurer(s):							Closing Date: November 12, 2003
								First Payment Date: December 26, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer
								Distribution Date: December 26, 2003
	Underwriter(s):		Bank of America NT&SA Underwriter					Record Date: December 24, 2003
								November 28, 2003
						Page 1 of 26					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for December 26, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
AV-1		1,028,138,000.00			1,028,138,000.00	1,872,353.54	7,606,696.75	9,479,050.29	-	-	1,020,531,303.25
AV-2		150,000,000.00			150,000,000.00	273,166.67	2,399,210.38	2,672,377.05	-	-	147,600,789.62
AV-3		159,523,000.00			159,523,000.00	261,263.22	3,644,528.53	3,905,791.75	-	-	155,878,471.47
AV-4		68,335,000.00			68,335,000.00	139,479.33	-	139,479.33	-	-	68,335,000.00
AF-1		46,155,000.00			46,155,000.00	72,771.05	1,060,365.91	1,133,136.96	-	-	45,094,634.09
AF-2		36,693,000.00			36,693,000.00	92,649.83	-	92,649.83	-	-	36,693,000.00
AF-3		25,241,000.00			25,241,000.00	76,564.37	-	76,564.37	-	-	25,241,000.00
AF-4		28,949,000.00			28,949,000.00	122,309.53	-	122,309.53	-	-	28,949,000.00
AF-5		17,605,000.00			17,605,000.00	86,851.33	-	86,851.33	-	-	17,605,000.00
AF-6		21,111,000.00			21,111,000.00	90,425.45	-	90,425.45	-	-	21,111,000.00
M-1		112,100,000.00			112,100,000.00	247,990.11	-	247,990.11	-	-	112,100,000.00
M-2		85,500,000.00			85,500,000.00	289,465.00	-	289,465.00	-	-	85,500,000.00
M-3		10,000,000.00			10,000,000.00	36,422.22	-	36,422.22	-	-	10,000,000.00
M-3A		10,175,000.00			10,175,000.00	37,059.61	-	37,059.61	-	-	10,175,000.00
M-3B		8,325,000.00			8,325,000.00	30,321.50	-	30,321.50	-	-	8,325,000.00
M-4A		10,450,000.00			10,450,000.00	52,110.67	-	52,110.67	-	-	10,450,000.00
M-4B		8,550,000.00			8,550,000.00	42,636.00	-	42,636.00	-	-	8,550,000.00
M-5		19,000,000.00			19,000,000.00	101,481.11	-	101,481.11	-	-	19,000,000.00
M-6		22,800,000.00			22,800,000.00	135,710.67	-	135,710.67	-	-	22,800,000.00
CE		31,349,900.00			31,349,900.00	6,050,197.46	-	6,050,197.46	-	100.00	31,350,000.00
P		100.00			100.00	221,344.58	-	221,344.58	-	-	100.00
R		-			-	-	-	-	-	-	-
Total		1,900,000,000.00			1,900,000,000.00	10,332,573.25	14,710,801.57	25,043,374.82	-	100.00	1,885,289,298.43
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
AV-1	11/12/03	12/24/03		A-Act/360	03072SLM5	1,028,138,000.00	1,000.000000	1.821111	7.398517	9.219628	992.601483
AV-2	11/12/03	12/24/03		A-Act/360	03072SLN3	150,000,000.00	1,000.000000	1.821111	15.994736	17.815847	984.005264
AV-3	11/12/03	12/24/03		A-Act/360	03072SME2	159,523,000.00	1,000.000000	1.637778	22.846414	24.484192	977.153586
AV-4	11/12/03	12/24/03		A-Act/360	03072SMF9	68,335,000.00	1,000.000000	2.041111	-	2.041111	1,000.000000
AF-1	10/31/03	11/30/03		F-30/360	03072SLP8	46,155,000.00	1,000.000000	1.576667	22.974020	24.550687	977.025980
AF-2	10/31/03	11/30/03		F-30/360	03072SLQ6	36,693,000.00	1,000.000000	2.525000	-	2.525000	1,000.000000
AF-3	10/31/03	11/30/03		F-30/360	03072SLR4	25,241,000.00	1,000.000000	3.033333	-	3.033333	1,000.000000
AF-4	10/31/03	11/30/03		F-30/360	03072SLS2	28,949,000.00	1,000.000000	4.225000	-	4.225000	1,000.000000
AF-5	10/31/03	11/30/03		F-30/360	03072SLT0	17,605,000.00	1,000.000000	4.933333	-	4.933333	1,000.000000
AF-6	10/31/03	11/30/03		F-30/360	03072SLU7	21,111,000.00	1,000.000000	4.283333	-	4.283333	1,000.000000
M-1	11/12/03	12/24/03		A-Act/360	03072SLV5	112,100,000.00	1,000.000000	2.212222	-	2.212222	1,000.000000
M-2	11/12/03	12/24/03		A-Act/360	03072SLW3	85,500,000.00	1,000.000000	3.385556	-	3.385556	1,000.000000
M-3	11/12/03	12/24/03		A-Act/360	03072SLX1	10,000,000.00	1,000.000000	3.642222	-	3.642222	1,000.000000
M-3A	11/12/03	12/24/03		A-Act/360	03072SLY9	10,175,000.00	1,000.000000	3.642222	-	3.642222	1,000.000000
M-3B	11/12/03	12/24/03		A-Act/360	03072SLZ6	8,325,000.00	1,000.000000	3.642222	-	3.642222	1,000.000000
M-4A	11/12/03	12/24/03		A-Act/360	03072SMA0	10,450,000.00	1,000.000000	4.986667	-	4.986667	1,000.000000
M-4B	11/12/03	12/24/03		A-Act/360	03072SMB8	8,550,000.00	1,000.000000	4.986667	-	4.986667	1,000.000000
M-5	11/12/03	12/24/03		A-Act/360	03072SMC6	19,000,000.00	1,000.000000	5.341111	-	5.341111	1,000.000000
M-6	11/12/03	12/24/03		A-Act/360	03072SMD4	22,800,000.00	1,000.000000	5.952222	-	5.952222	1,000.000000
CE	10/31/03	11/30/03		A-Act/360	AQ0311101	31,349,900.00	1,000.000000	192.989370	-	192.989370	1,000.003190
P				-		100.00	1,000.000000	2,213,445.800000	-	2,213,445.800000	1,000.000000
R				-		-	-	-	-	-	-
							Page 2 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for December 26, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
AV-1	1,028,138,000.00		1,872,353.54		6,984,889.25	621,807.50	7,606,696.75	9,479,050.29	-	-	1,020,531,303.25
AV-2	150,000,000.00		273,166.67		2,203,087.54	196,122.84	2,399,210.38	2,672,377.05	-	-	147,600,789.62
AV-3	159,523,000.00		261,263.22		3,346,607.47	297,921.06	3,644,528.53	3,905,791.75	-	-	155,878,471.47
AV-4	68,335,000.00		139,479.33		-	-	-	139,479.33	-	-	68,335,000.00
AF-1	46,155,000.00		72,771.05		973,686.57	86,679.34	1,060,365.91	1,133,136.96	-	-	45,094,634.09
AF-2	36,693,000.00		92,649.83		-	-	-	92,649.83	-	-	36,693,000.00
AF-3	25,241,000.00		76,564.37		-	-	-	76,564.37	-	-	25,241,000.00
AF-4	28,949,000.00		122,309.53		-	-	-	122,309.53	-	-	28,949,000.00
AF-5	17,605,000.00		86,851.33		-	-	-	86,851.33	-	-	17,605,000.00
AF-6	21,111,000.00		90,425.45		-	-	-	90,425.45	-	-	21,111,000.00
M-1	112,100,000.00		247,990.11		-	-	-	247,990.11	-	-	112,100,000.00
M-2	85,500,000.00		289,465.00		-	-	-	289,465.00	-	-	85,500,000.00
M-3	10,000,000.00		36,422.22		-	-	-	36,422.22	-	-	10,000,000.00
M-3A	10,175,000.00		37,059.61		-	-	-	37,059.61	-	-	10,175,000.00
M-3B	8,325,000.00		30,321.50		-	-	-	30,321.50	-	-	8,325,000.00
M-4A	10,450,000.00		52,110.67		-	-	-	52,110.67	-	-	10,450,000.00
M-4B	8,550,000.00		42,636.00		-	-	-	42,636.00	-	-	8,550,000.00
M-5	19,000,000.00		101,481.11		-	-	-	101,481.11	-	-	19,000,000.00
M-6	22,800,000.00		135,710.67		-	-	-	135,710.67	-	-	22,800,000.00
CE	31,349,900.00		6,050,197.46		-	-	-	6,050,197.46	-	100.00	31,350,000.00
P	100.00		221,344.58		-	-	-	221,344.58	-	-	100.00
R	-		-		-	-	-	-	-	-	-
Total	1,900,000,000.00		10,332,573.25		13,508,270.83	1,202,530.74	14,710,801.57	25,043,374.82	-	100.00	1,885,289,298.43
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
AV-1	1.49000%	1,028,138,000.00			1,872,353.54	-	-	-	1,872,353.54	1,872,353.54	-
AV-2	1.49000%	150,000,000.00			273,166.67	-	-	-	273,166.67	273,166.67	-
AV-3	1.34000%	159,523,000.00			261,263.22	-	-	-	261,263.22	261,263.22	-
AV-4	1.67000%	68,335,000.00			139,479.33	-	-	-	139,479.33	139,479.33	-
AF-1	1.29000%	46,155,000.00			72,771.05	-	-	-	72,771.05	72,771.05	-
AF-2	3.03000%	36,693,000.00			92,649.83	-	-	-	92,649.83	92,649.83	-
AF-3	3.64000%	25,241,000.00			76,564.37	-	-	-	76,564.37	76,564.37	-
AF-4	5.07000%	28,949,000.00			122,309.53	-	-	-	122,309.53	122,309.53	-
AF-5	5.92000%	17,605,000.00			86,851.33	-	-	-	86,851.33	86,851.33	-
AF-6	5.14000%	21,111,000.00			90,425.45	-	-	-	90,425.45	90,425.45	-
M-1	1.81000%	112,100,000.00			247,990.11	-	-	-	247,990.11	247,990.11	-
M-2	2.77000%	85,500,000.00			289,465.00	-	-	-	289,465.00	289,465.00	-
M-3	2.98000%	10,000,000.00			36,422.22	-	-	-	36,422.22	36,422.22	-
M-3A	2.98000%	10,175,000.00			37,059.61	-	-	-	37,059.61	37,059.61	-
M-3B	2.98000%	8,325,000.00			30,321.50	-	-	-	30,321.50	30,321.50	-
M-4A	4.08000%	10,450,000.00			52,110.67	-	-	-	52,110.67	52,110.67	-
M-4B	4.08000%	8,550,000.00			42,636.00	-	-	-	42,636.00	42,636.00	-
M-5	4.37000%	19,000,000.00			101,481.11	-	-	-	101,481.11	101,481.11	-
M-6	4.87000%	22,800,000.00			135,710.67	-	-	-	135,710.67	135,710.67	-
CE	3.82100%	31,349,900.00			6,050,197.46	-	-	-	6,050,197.46	6,050,297.46	-
P		100.00			221,344.58	-	-	-	221,344.58	221,344.58	-
R		-			-	-	-	-	-	-	-
Total		1,900,000,000.00			10,332,573.25	-	-	-	############	10,332,673.25	-
							Page 3 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				1,060,358.70	6,043,697.83	7,606,645.04	14,710,701.57
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				1,060,358.70	6,043,697.83	7,606,645.04	14,710,701.57
	Interest Collections				1,109,766.23	2,568,900.29	7,027,191.53	10,705,858.05
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	221,344.58
	Interest Fees				(66,468.79)	(141,730.76)	(386,329.82)	(594,529.38)
	TOTAL NET INTEREST				1,043,297.44	2,427,169.53	6,640,861.70	10,332,673.25
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				2,103,656.14	8,470,867.36	14,247,506.74	26,057,541.09
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received				168,344.50	277,575.44	756,610.81	1,202,530.75
	Prepayments In Full				380,615.64	4,607,691.70	5,830,676.52	10,818,983.86
	Curtailments				40,733.59	23,528.93	60,923.09	125,185.61
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				470,664.97	1,134,901.76	958,434.62	2,564,001.35
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(103.62)	(2,247.81)	(5,425.51)	(7,776.94)
	Advanced Principal				103.62	2,247.81	5,425.51	7,776.94
	TOTAL PRINCIPAL COLLECTED				1,060,358.70	6,043,697.83	7,606,645.04	14,710,701.57
				Page 4 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
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	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	TOTAL OTHER ACCOUNTS PRINCIPAL				0.00	0.00	0.00	0.00
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				993,591.31	2,320,667.80	6,365,385.70	9,679,644.81
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				3,627.83	7,637.63	6,643.70	17,909.16
	Insurance Interest				0.00	0.00	0.00	0.00
	Capitalized Interest				112,684.01	242,264.04	659,218.22	1,014,166.27
	Relief Act Interest Shortfalls				0.00	0.00	0.00	0.00
	Prepayment Interest Shortfalls				(2,479.49)	(7,660.97)	(4,997.12)	(15,137.58)
	Compensating Interest				2,479.49	7,660.97	4,997.12	15,137.58
	Delinquent Interest				(3,186.99)	(32,378.29)	(75,508.34)	(111,073.62)
	Interest Advanced				3,050.07	30,709.11	71,452.25	105,211.43
	TOTAL INTEREST COLLECTED				1,109,766.23	2,568,900.29	7,027,191.53	11,720,024.31
				Page 5 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Prepayment Charges							221,344.58
	TOTAL INTEREST OTHER ACCOUNTS							221,344.58
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				66,117.36	140,974.39	384,270.96	591,362.71
	Trustee Fee				351.43	756.37	2,058.86	3,166.67
	TOTAL INTEREST OTHER FEES				66,468.79	141,730.76	386,329.82	594,529.38
				Page 6 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for December 26, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							31,350,000.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							100.00
	Overcollateralization Target Amount							31,350,000.00
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							100.00
				Page 7 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				1041	2062	6027	9130
	Prior				-	-	-	-
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(4)	(17)	(33)	(54)
	Repurchases				(5)	(6)	(7)	(18)
	Liquidations				-	-	-	-
	Current				1,032	2,039	5,987	9,058
	Principal Balance:
	Original				159,010,273.05	342,344,578.28	931,984,908.02	1,433,339,759.35
	Prior				-	-	-	-
	Prefunding				-	-	-	-
	Scheduled Principal				(168,344.50)	(277,575.44)	(756,610.81)	(1,202,530.75)
	Partial and Full Voluntary Prepayments				(421,349.23)	(4,631,220.63)	(5,891,599.61)	(10,944,169.47)
	Repurchases				(470,664.97)	(1,134,901.76)	(958,434.62)	(2,564,001.35)
	Liquidations				-	-	-	-
	Current				157,949,914.35	336,300,880.45	924,378,262.98	1,418,629,057.78
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Original Pre-funding Account Balance				51,850,618.96	111,475,798.29	303,333,823.40	466,660,240.65
	Beginning Pre-funding Account Balance				51,850,618.96	111,475,798.29	303,333,823.40	466,660,240.65
	LESS: Subsequent Loans Added				0.00	0.00	0.00	0.00
	LESS: Unused Pre-Funding Balance Released to Deal				0.00	0.00	0.00	0.00
	Ending Pre-funding Account Balance				51,850,618.96	111,475,798.29	303,333,823.40	466,660,240.65
	Initial Deposit in Capitalized Interest Account							1,032,968.98
	Capitalized Interest Account release				112,684.01	242,264.04	659,218.22	1,014,166.27
	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
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	Collateral Report for December 26, 2003 Distribution
	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				7.525696%	8.161270%	8.204463%	8.118846%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current				7.525696%	8.161270%	8.204463%	8.118846%
	Weighted Average Months to Maturity Original				334	346	346	345
	Weighted Average Months to Maturity Prior				-	-	-	-
	Weighted Average Months to Maturity Current				334	346	346	345
	Weighted Avg Remaining Amortization Term Original				333	346	346	345
	Weighted Avg Remaining Amortization Term Prior				-	-	-	-
	Weighted Avg Remaining Amortization Term Current				333	346	346	345
	Weighted Average Seasoning Original				1.16	1.23	1.28	1.25
	Weighted Average Seasoning Prior				-	-	-	-
	Weighted Average Seasoning Current				1.16	1.23	1.28	1.25
Note: Original information refers to deal issue.
	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.889%	3.888%
	Weighted Average Margin Prior
	Weighted Average Margin Current					3.889%	3.888%
	Weighted Average Max Rate Original					9.535%	9.501%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current					9.535%	9.501%
	Weighted Average Min Rate Original					5.624%	5.604%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current					5.624%	5.604%
	Weighted Average Cap Up Original					0.652%	0.649%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current					0.652%	0.649%
	Weighted Average Cap Down Original					0.652%	0.649%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current					0.652%	0.649%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				66,117.36	140,974.39	384,270.96	591,362.71
	Delinquent Servicing Fees				136.92	1,669.18	4,056.09	5,862.19
	TOTAL SERVICING FEES				66,254.28	142,643.57	388,327.05	597,224.90
	Compensating Interest				(2,479.49)	(7,660.97)	(4,997.12)	(15,137.58)
	Delinquent Servicing Fees				(136.92)	(1,669.18)	(4,056.09)	(5,862.19)
	COLLECTED SERVICING FEES				63,637.87	133,313.42	379,273.84	576,225.13
	Aggregate Advances with respect to this Distribution				3,153.69	32,956.92	76,877.76	112,988.37
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall				0.00	0.00	0.00	0.00
				Page 10 of 26				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			149,653.58	-	-	149,653.58
		% Balance			0.01%	0.00%	0.00%	0.01%
		# Loans			1	-	-	1
		% # Loans			0.01%	0.00%	0.00%	0.01%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	149,653.58	-	-	149,653.58
		% Balance		0.00%	0.01%	0.00%	0.00%	0.01%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	0.01%	0.00%	0.00%	0.01%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			149,653.58	-	-	149,653.58
		% Balance			0.02%	0.00%	0.00%	0.02%
		# Loans			1	-	-	1
		% # Loans			0.02%	0.00%	0.00%	0.02%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	149,653.58	-	-	149,653.58
		% Balance		0.00%	0.02%	0.00%	0.00%	0.02%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	0.02%	0.00%	0.00%	0.02%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 14 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	REO Report for December 26, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group; REO Book Value = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 15 of 26				© COPYRIGHT 2003 Deutsche Bank
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	Foreclosure Report for December 26, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 16 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans				4	17	33	54
	Number of Repurchased Loans				5	6	7	18
	Total Number of Loans Prepaid in Full				9	23	40	72
	Paid in Full Balance				380,615.64	4,607,691.70	5,830,676.52	10,818,983.86
	Repurchased Loans Balance				470,664.97	1,134,901.76	958,434.62	2,564,001.35
	Curtailments Amount				40,733.59	23,528.93	60,923.09	125,185.61
	Total Prepayment Amount				892,014.20	5,766,122.39	6,850,034.23	13,508,170.82
	Cumulative
	Number of Paid in Full Loans				4	17	33	54
	Number of Repurchased Loans				5	6	7	18
	Total Number of Loans Prepaid in Full				9	23	40	72
	Paid in Full Balance				380,615.64	4,607,691.70	5,830,676.52	10,818,983.86
	Repurchased Loans Balance				470,664.97	1,134,901.76	958,434.62	2,564,001.35
	Curtailments Amount				40,733.59	23,528.93	60,923.09	125,185.61
	Total Prepayment Amount				892,014.20	5,766,122.39	6,850,034.23	13,508,170.82
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	SMM				0.56%	1.69%	0.74%	0.94%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				0.56%	1.69%	0.74%	0.94%
	CPR				6.53%	18.45%	8.48%	10.75%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off				6.53%	18.45%	8.48%	10.75%
	PSA				2820.61%	7525.89%	3314.79%	4289.68%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				2820.61%	7525.89%	3314.79%	4289.68%
	Group 1		Group 3
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1		Group 3
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 19 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 72						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 13,406,799.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 13,382,985.21						Loan Group 3 = Group 3 Group
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
44697233 1			270,000.00	268,778.78	Nov-28-03	7.500%	MO - 90.00%	Paid Off - 360	Apr-11-03
45712676 1			130,000.00	129,646.89	Nov-19-03	9.990%	NY - 69.89%	Paid Off - 360	Apr-08-03
45749231 1			159,000.00	158,673.31	Nov-20-03	11.400%	NY - 87.85%	Paid Off - 360	Apr-16-03
46066171 1			177,000.00	176,580.32	Dec-04-03	9.750%	MD - 69.41%	Paid Off - 360	May-05-03
46091526 1			80,000.00	79,679.03	Dec-04-03	8.100%	OH - 69.57%	Paid Off - 360	Apr-30-03
46287314 1			243,000.00	241,579.14	Dec-02-03	6.250%	MA - 78.39%	Paid Off - 360	Apr-30-03
46783056 1			304,000.00	303,155.42	Nov-25-03	8.990%	CA - 62.94%	Paid Off - 360	May-30-03
46787404 1			114,100.00	113,832.30	Nov-20-03	9.800%	MN - 73.61%	Paid Off - 360	May-12-03
46945523 1			108,000.00	107,129.48	Dec-03-03	8.990%	MA - 63.16%	Paid Off - 360	May-07-03
47060157 1			278,000.00	276,729.72	Nov-26-03	6.500%	CA - 77.65%	Paid Off - 360	May-14-03
47147335 1			130,000.00	129,689.66	Nov-29-03	9.750%	OH - 65.00%	Paid Off - 360	May-31-03
47218953 1			127,500.00	126,728.82	Nov-10-03	6.990%	WI - 82.26%	Paid Off - 360	May-22-03
47612999 1			80,000.00	79,736.74	Nov-10-03	8.400%	NY - 24.24%	Paid Off - 360	May-30-03
47973144 1			171,000.00	170,568.17	Nov-19-03	8.350%	CA - 90.00%	Paid Off - 360	Jun-30-03
48157077 1			264,000.00	263,404.97	Dec-01-03	9.990%	NJ - 77.65%	Paid Off - 360	May-31-03
48188411 1			245,000.00	244,208.01	Nov-21-03	8.250%	FL - 66.22%	Paid Off - 360	May-31-03
48241749 1			124,000.00	123,840.97	Dec-03-03	10.200%	CT - 80.00%	Paid Off - 360	Jul-30-03
49022833 1			100,800.00	100,576.79	Nov-19-03	8.990%	IL - 87.65%	Paid Off - 360	Jun-27-03
49920804 1			257,000.00	256,553.14	Dec-10-03	8.750%	MA - 64.25%	Paid Off - 360	Jul-29-03
51170231 1			255,000.00	254,578.11	Dec-10-03	8.990%	NY - 84.44%	Paid Off - 360	Jul-30-03
54396288 1			277,500.00	277,162.57	Dec-04-03	8.500%	CA - 75.00%	Paid Off - 360	Aug-31-03
55154900 1			101,200.00	101,171.67	Dec-02-03	12.100%	GA - 74.96%	Paid Off - 360	Sep-22-03
55258529 1			75,375.00	75,314.82	Dec-02-03	10.500%	PA - 75.00%	Paid Off - 360	Aug-30-03
55370084 1			225,000.00	224,883.36	Dec-04-03	9.250%	CA - 66.18%	Paid Off - 360	Sep-16-03
55624506 1			146,000.00	145,911.55	Dec-03-03	8.500%	MA - 51.23%	Paid Off - 360	Sep-12-03
55776561 1			113,000.00	112,907.19	Nov-28-03	6.990%	CO - 72.44%	Paid Off - 360	Sep-15-03
56816481 1			201,000.00	200,850.82	Dec-02-03	7.500%	MA - 59.64%	Paid Off - 360	Sep-25-03
56843063 1			121,500.00	121,418.31	Dec-10-03	7.990%	MD - 90.00%	Paid Off - 360	Sep-30-03
57031205 1			255,000.00	255,000.00	Nov-28-03	8.200%	MA - 74.34%	Paid Off - 360	Oct-07-03
57776023 1			193,500.00	193,500.00	Dec-08-03	8.900%	IL - 87.96%	Paid Off - 360	Oct-08-03
57869729 1			265,000.00	264,886.46	Nov-25-03	10.150%	MO - 54.08%	Paid Off - 360	Sep-26-03
58588583 1			85,500.00	85,500.00	Dec-05-03	10.350%	CA - 55.16%	Paid Off - 360	Oct-08-03
59083584 1			166,500.00	166,500.00	Nov-26-03	11.350%	IL - 90.00%	Paid Off - 360	Oct-28-03
45107216 2			60,800.00	60,605.42	Dec-05-03	9.200%	OH - 80.00%	Paid Off - 360	Apr-30-03
45928421 2			427,000.00	424,762.89	Nov-10-03	6.750%	NV - 70.00%	Paid Off - 360	Apr-30-03
46123444 2			385,000.00	383,074.93	Dec-02-03	6.990%	IL - 64.17%	Paid Off - 360	Apr-22-03
47442884 2			468,750.00	467,578.74	Nov-14-03	9.500%	NJ - 75.00%	Paid Off - 360	May-23-03
47823653 2			147,000.00	146,632.68	Dec-08-03	9.500%	MA - 69.01%	Paid Off - 360	May-28-03
48292338 2			72,000.00	71,870.60	Dec-09-03	9.990%	RI - 60.00%	Paid Off - 360	Jun-13-03
49054273 2			70,200.00	70,050.36	Dec-03-03	7.750%	IA - 90.00%	Paid Off - 360	Jul-08-03
49655590 2			437,750.00	436,861.14	Dec-04-03	7.990%	CO - 81.07%	Paid Off - 360	Jul-02-03
50240951 2			327,000.00	326,658.32	Nov-11-03	11.150%	MA - 79.95%	Paid Off - 360	Jul-31-03
50598564 2			387,000.00	386,453.93	Dec-02-03	9.750%	IL - 90.00%	Paid Off - 360	Jul-15-03
52572922 2			540,000.00	539,760.60	Nov-18-03	9.990%	MD - 90.00%	Paid Off - 360	Sep-03-03
					Page 20 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
55374524 2			67,500.00	67,454.61	Nov-19-03	7.990%	IL - 90.00%	Paid Off - 360	Sep-22-03
55380083 2			150,750.00	150,683.16	Nov-21-03	9.990%	OH - 75.00%	Paid Off - 360	Sep-12-03
57451106 2			440,000.00	439,733.45	Dec-08-03	8.500%	CA - 73.95%	Paid Off - 360	Sep-26-03
57488504 2			164,500.00	164,409.95	Nov-26-03	8.990%	MN - 78.33%	Paid Off - 360	Sep-24-03
58434929 2			117,000.00	116,900.92	Dec-01-03	13.300%	NC - 88.97%	Paid Off - 240	Sep-30-03
59042846 2			354,200.00	354,200.00	Nov-25-03	7.990%	CA - 77.85%	Paid Off - 360	Oct-08-03
56384506 3			74,750.00	74,733.48	Nov-28-03	13.150%	WI - 65.00%	Paid Off - 360	Sep-25-03
56427024 3			68,000.00	67,812.04	Nov-28-03	8.500%	LA - 43.87%	Paid Off - 180	Sep-18-03
56663024 3			172,500.00	172,461.00	Nov-11-03	13.050%	CO - 75.00%	Paid Off - 360	Sep-17-03
57539702 3			65,625.00	65,609.12	Nov-19-03	12.750%	AL - 75.00%	Paid Off - 360	Sep-26-03
54657143 1			242,250.00	242,008.83	Nov-13-03	6.000%	CA - 85.00%	Repur/Subs - 360	Sep-12-03
55770200 1			157,199.00	157,158.31	Dec-03-03	12.450%	CO - 84.97%	Repur/Subs - 360	Sep-15-03
55850101 1			180,000.00	179,885.22	Nov-28-03	8.250%	MN - 90.00%	Repur/Subs - 360	Sep-19-03
56486905 1			84,600.00	84,560.53	Nov-19-03	9.750%	MO - 90.00%	Repur/Subs - 360	Sep-17-03
56720782 1			90,900.00	90,821.73	Dec-01-03	6.750%	FL - 90.00%	Repur/Subs - 360	Sep-15-03
59555847 1			102,000.00	102,000.00	Nov-14-03	7.750%	CA - 69.86%	Repur/Subs - 360	Oct-28-03
60537248 1			102,000.00	102,000.00	Nov-28-03	8.350%	FL - 82.93%	Repur/Subs - 360	Oct-23-03
55117402 2			140,000.00	139,629.68	Dec-01-03	8.990%	MI - 80.00%	Repur/Subs - 180	Sep-17-03
55399125 2			67,050.00	67,020.27	Nov-13-03	9.990%	MO - 90.00%	Repur/Subs - 360	Sep-25-03
56945967 2			72,750.00	72,654.06	Nov-13-03	9.990%	FL - 75.00%	Repur/Subs - 240	Sep-26-03
57452740 2			60,000.00	60,000.00	Dec-05-03	9.990%	FL - 75.00%	Repur/Subs - 360	Sep-30-03
58068065 2			526,000.00	525,597.75	Dec-02-03	7.350%	NH - 72.06%	Repur/Subs - 360	Sep-30-03
58410580 2			270,000.00	270,000.00	Nov-19-03	7.600%	HI - 50.94%	Repur/Subs - 360	Oct-31-03
53357646 3			116,000.00	115,904.72	Nov-28-03	6.990%	TX - 80.00%	Repur/Subs - 360	Sep-16-03
53503868 3			101,250.00	101,210.19	Nov-25-03	10.550%	OR - 75.00%	Repur/Subs - 360	Sep-30-03
55251888 3			60,000.00	59,976.15	Dec-01-03	10.500%	MO - 84.51%	Repur/Subs - 360	Sep-09-03
56659063 3			60,000.00	59,928.36	Nov-13-03	10.750%	TX - 75.00%	Repur/Subs - 240	Sep-29-03
57545725 3			134,000.00	133,645.55	Nov-13-03	8.990%	DE - 79.76%	Repur/Subs - 180	Sep-30-03
					Page 21 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-
	Cumulative
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3				3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	MDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	SDA				0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1		Group 3
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1		Group 3
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 24 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for December 26, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 25 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc Series 2003-11
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trigger Event in effect							No
	Stepdown Date has occurred							No
	Balances 60+ days							0.00
	Ending Balance							1,418,629,057.78
	Delinquency Percentage							0.00%
	Balance of Mezzanine and C Class							318,250,000.00
	Ending Balance							1,418,629,057.78
	Credit Enhancement Percentage							22.43%
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Amt: Class A							0.00
	Net WAC Rate Carryover Amt: Class M-1							0.00
	Net WAC Rate Carryover Amt: Class M-2							0.00
	Net WAC Rate Carryover Amt: Class M-3							0.00
	Net WAC Rate Carryover Amt: Class M-4							0.00
	Net WAC Rate Carryover Amt: Class M-5							0.00
	Net WAC Rate Carryover Amt: Class MV-6							0.00
	Net WAC Rate Carryover Amt: Class MF-6							0.00
	Net WAC Rate Carryover Amt: Class S							0.00
	Net WAC Rate Carryover Amt: Class A unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-1 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-2 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-3 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-4 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-5 unpaid							0.00
ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Libor for Current Period							1.120000%
	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00
	Net WAC Rate Carryover Reserve Account							1,000.00
				Page 26 of 26				© COPYRIGHT 2003 Deutsche Bank

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