~~INITIAL~~SECURITIES ~~CERTIFICATE~~AND ~~PASS-~~EXCHANGE ~~INITIAL~~COMMISSION ~~CERTIFICATE~~Washington, ~~PASS~~D.C. 20549 FORM 8-~~THROUGH~~K ~~CLASS~~Current ~~PRINCIPAL~~Report ~~BALANCE~~Pursuant To Section 13 or 15(1d) ~~THROUGH~~of ~~CLASS~~the ~~PRINCIPAL~~Securities ~~BALANCE~~Exchange Act of 1934 Date of Report (1Date of earliest event reported): ~~RATE~~September 25, 2003 ARGENT SECURITIES INC. (2as depositor, Ameriquest Mortgage Company, Master Servicer, and Deutsche Bank National Trust Company, as Trustee). ~~RATE~~ARGENT SEC INC ASSET BACKED PAS THR CER SER 2003-W2 (2Exact name of Registrant as specified in its Charter) ~~--------~~DELAWARE ~~--------------------~~(State ~~-----------~~or ~~---------~~Other ~~--------------------~~Jurisdiction of Incorporation) 333-105957-~~----------~~02 A77-~~1.....~~0599834 ~~$337,000,000 Variable~~(2Commission File Number) ~~M-3~~(I.R.S. Employer Identification No...) $1100 4TOWN & COUNTRY ROAD,~~000~~ SUITE 1100 ORANGE,~~000~~ ~~Variable(2)~~CALIFORNIA ~~A-IO....~~92868 (3Address of principal executive offices) (3Zip Code) ~~M-4......~~Registrant's $Telephone 4Number,~~000,000~~ ~~Variable~~Including Area Code: (2714) M564-10660 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 ~~24,000,000~~Statement ~~Variable~~and Exhibits Exhibits: (2)as M-noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of September 25, 2003.~~.....~~ $SIGNATURE 4Pursuant to the requirements of the Securities Exchange Act of 1934,~~000~~ the Registrant has duly caused this report to be signed on its behalf by the undersigned,~~000~~ ~~Variable(2)~~hereunto ~~M-2~~duly authorized.~~....~~ $Deutsche 17Bank National Trust Company,~~000~~ not in its individual capacity,~~000~~ ~~Variable(2)~~but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of August 1,2003. Date: Oct 01, 2003 By: /s/ Katherine M-6. Wannenmacher Katherine M.~~....~~ $Wannenmacher 5Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of September 25,~~000,000~~ ~~Variable(2)~~2003.


	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates


	September 25, 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				12
			8.	Foreclosure Report				13
			9.	Prepayment Report				14
			10.	Prepayment Detail Report				17
			11.	Realized Loss Report				18
			12.	Realized Loss Detail Report				21
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				22




				Total Number of Pages				22



			CONTACTS

				Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				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: August 1, 2003
	Certificate Insurer(s):							Closing Date: August 6, 2003
								First Payment Date: September 25, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer


								Distribution Date: September 25, 2003
	Underwriter(s):		Citigroup Underwriter					Record Date: September 24, 2003
			Bank of America Underwriter					August 29, 2003
			UBS Securities Co-Lead Underwriter





						Page 1 of 22					© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for September 25, 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)

A-1	FLT	337,000,000.00			337,000,000.00	674,000.00	1,854,130.23	2,528,130.23	-	-	335,145,869.77
A-IO	IO	-			-	280,833.33	-	280,833.33	-	-	-
M-1	MEZ	24,000,000.00			24,000,000.00	62,000.00	-	62,000.00	-	-	24,000,000.00
M-2	MEZ	17,000,000.00			17,000,000.00	72,250.00	-	72,250.00	-	-	17,000,000.00
M-3	MEZ	4,000,000.00			4,000,000.00	19,500.00	-	19,500.00	-	-	4,000,000.00
M-4	MEZ	4,000,000.00			4,000,000.00	27,000.00	-	27,000.00	-	-	4,000,000.00
M-5	MEZ	4,000,000.00			4,000,000.00	27,000.00	-	27,000.00	-	-	4,000,000.00
M-6	MEZ	5,000,000.00			5,000,000.00	33,750.00	-	33,750.00	-	-	5,000,000.00
CE	SUB	4,999,797.00			4,999,797.00	851,269.09	-	851,269.09	-	201.71	4,999,998.71
P	EXE	100.00			100.00	31,234.63	-	31,234.63	-	-	100.00
R	R	-			-	-	-	-	-	-	-


Total		399,999,897.00			399,999,897.00	2,078,837.05	1,854,130.23	3,932,967.28	-	201.71	398,145,968.48


	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)

A-1	08/06/03	09/24/03		A-Act/360	040104AR2	337,000,000.00	1,000.000000	2.000000	5.501870	7.501870	994.498130
A-IO	08/06/03	09/24/03		A-Act/360	040104AS0	337,000,000.00	1,000.000000	0.833333	-	0.833333	932.527181
M-1	08/06/03	09/24/03		A-Act/360	040104AT8	24,000,000.00	1,000.000000	2.583333	-	2.583333	1,000.000000
M-2	08/06/03	09/24/03		A-Act/360	040104AU5	17,000,000.00	1,000.000000	4.250000	-	4.250000	1,000.000000
M-3	08/06/03	09/24/03		A-Act/360	040104AN1	4,000,000.00	1,000.000000	4.875000	-	4.875000	1,000.000000
M-4	08/06/03	09/24/03		A-Act/360	040104AP6	4,000,000.00	1,000.000000	6.750000	-	6.750000	1,000.000000
M-5	08/06/03	09/24/03		A-Act/360	040104AQ4	4,000,000.00	1,000.000000	6.750000	-	6.750000	1,000.000000
M-6	08/06/03	09/24/03		A-Act/360	040104AV3	5,000,000.00	1,000.000000	6.750000	-	6.750000	1,000.000000
CE				-		4,999,797.00	1,000.000000	170.260731	-	170.260731	1,000.040344
P				-		100.00	1,000.000000	312,346.300000	-	312,346.300000	1,000.000000
R				-		-	-	-	-	-	-


							Page 2 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for September 25, 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)

A-1	337,000,000.00		674,000.00		1,538,356.03	315,774.20	1,854,130.23	2,528,130.23	-	-	335,145,869.77
A-IO	-		280,833.33		-	-	-	280,833.33	-	-	-
M-1	24,000,000.00		62,000.00		-	-	-	62,000.00	-	-	24,000,000.00
M-2	17,000,000.00		72,250.00		-	-	-	72,250.00	-	-	17,000,000.00
M-3	4,000,000.00		19,500.00		-	-	-	19,500.00	-	-	4,000,000.00
M-4	4,000,000.00		27,000.00		-	-	-	27,000.00	-	-	4,000,000.00
M-5	4,000,000.00		27,000.00		-	-	-	27,000.00	-	-	4,000,000.00
M-6	5,000,000.00		33,750.00		-	-	-	33,750.00	-	-	5,000,000.00
CE	4,999,797.00		851,269.09		-	-	-	851,269.09	-	201.71	4,999,998.71
P	100.00		31,234.63		-	-	-	31,234.63	-	-	100.00
R	-		-		-	-	-	-	-	-	-


Total	399,999,897.00		2,078,837.05		1,538,356.03	315,774.20	1,854,130.23	3,932,967.28	-	201.71	398,145,968.48


	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)

A-1	1.44000%	337,000,000.00			674,000.00	-	-	-	674,000.00	674,000.00	-
A-IO	1.00000%	337,000,000.00			280,833.33	-	-	-	280,833.33	280,833.33	-
M-1	1.86000%	24,000,000.00			62,000.00	-	-	-	62,000.00	62,000.00	-
M-2	3.06000%	17,000,000.00			72,250.00	-	-	-	72,250.00	72,250.00	-
M-3	3.51000%	4,000,000.00			19,500.00	-	-	-	19,500.00	19,500.00	-
M-4	4.86000%	4,000,000.00			27,000.00	-	-	-	27,000.00	27,000.00	-
M-5	4.86000%	4,000,000.00			27,000.00	-	-	-	27,000.00	27,000.00	-
M-6	4.86000%	5,000,000.00			33,750.00	-	-	-	33,750.00	33,750.00	-
CE		4,999,797.00			851,269.09	-	-	-	851,269.09	851,470.80	-
P		100.00			31,234.63	-	-	-	31,234.63	31,234.63	-
R		-			-	-	-	-	-	-	-


Total		736,999,897.00			2,078,837.05	-	-	-	2,078,837.05	2,079,038.76	-


							Page 3 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Collection Account Report for September 25, 2003 Distribution


	Collection Account Report


SUMMARY								TOTAL

	Principal Collections							1,853,928.52
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							1,853,928.52

	Interest Collections							2,368,392.81
	Interest Withdrawals							0.00
	Interest Other Accounts							31,234.63
	Interest Fees							(320,588.68)
	TOTAL NET INTEREST							2,079,038.76

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							3,932,967.28


PRINCIPAL - COLLECTIONS								TOTAL

	Scheduled Principal Received							315,572.49
	Prepayments In Full							1,511,289.91
	Curtailments							27,066.12
	Liquidations							0.00
	Insurance Principal							0.00
	Repurchased Principal Amounts							0.00
	Other Principal							0.00
	Total Realized Loss Of Principal							0.00
	Delinquent Principal							(254,455.55)
	Advanced Principal							254,455.55

	TOTAL PRINCIPAL COLLECTED							1,853,928.52


				Page 4 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Collection Account Report for September 25, 2003 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS								TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL							0.00


INTEREST - COLLECTIONS								TOTAL

	Scheduled Interest							2,502,694.70
	Liquidation Interest							0.00
	Repurchased Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Relief Act Interest Shortfalls							0.00
	Prepayment Interest Shortfalls							684.53
	Compensating Interest							(684.53)
	Delinquent Interest							(2,023,300.65)
	Interest Advanced							1,888,998.76

	TOTAL INTEREST COLLECTED							2,368,392.81


				Page 5 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Collection Account Report for September 25, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS								TOTAL

	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS								TOTAL

	Prepayment Charges							31,234.63
	Capitalized Interest Requirement							0.00


	TOTAL INTEREST OTHER ACCOUNTS							31,234.63


INTEREST - FEES								TOTAL

	Current Servicing Fees							32,364.74
	Primary Mortgge Insurance Fee							286,057.27
	Trustee Fee							2,166.67



	TOTAL INTEREST OTHER FEES							320,588.68


				Page 6 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for September 25, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS								TOTAL


	Net WAC Rate Carryover Reserve Account							1,000.00


INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES								TOTAL

	Overcollateralized Amount							4,999,998.71
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							201.71
	Overcollateralization Target Amount							4,999,998.71
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							201.71


				Page 7 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Collateral Report for September 25, 2003 Distribution


	Collateral Report


COLLATERAL								TOTAL
	Loan Count:
	*Original*							2325
	Prior							-
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(5)
	Repurchases							-
	Liquidations							-
	Current							2,320

	*Principal Balance:*
	Original							399,999,897.00
	Prior							-
	Prefunding							-
	Scheduled Principal							(315,572.49)
	Partial and Full Voluntary Prepayments							(1,538,356.03)
	Repurchases							-
	Liquidations							-
	Current							398,145,968.48

PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK




Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Collateral Report for September 25, 2003 Distribution


	Collateral Report


CHARACTERISTICS								TOTAL

	Weighted Average Coupon Original							7.508086%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current							7.508086%
	Weighted Average Months to Maturity Original							356
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							356
	Weighted Avg Remaining Amortization Term Original							355
	Weighted Avg Remaining Amortization Term Prior							-
	Weighted Avg Remaining Amortization Term Current							355
	Weighted Average Seasoning Original							2.15
	Weighted Average Seasoning Prior							-
	Weighted Average Seasoning Current							2.15

Note: Original information refers to deal issue.




WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Collateral Report for September 25, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS								TOTAL

	Weighted Average Margin Original							5.308%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							5.308%
	Weighted Average Max Rate Original							11.337%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							11.337%
	Weighted Average Min Rate Original							6.324%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							6.324%
	Weighted Average Cap Up Original							0.835%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.835%
	Weighted Average Cap Down Original							0.835%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.835%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES								TOTAL

	Current Servicing Fees							32,364.74
	Delinquent Servicing Fees							134,301.89
	TOTAL SERVICING FEES							166,666.63


	Compensating Interest							684.53
	Delinquent Servicing Fees							(134,301.89)
	COLLECTED SERVICING FEES							33,049.27
	Aggregate Advances with respect to this Distribution							2,143,454.31
	Current Nonrecoverable Advances							0.00
	Cumulative Nonrecoverable Advances							0.00


ADDITIONAL COLLATERAL INFORMATION								TOTAL

	Net Prepayment Interest Shortfall							0.00


				Page 10 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Delinquency Report for September 25, 2003 Distribution


	Delinquency Report - Total


				<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		312,184.82	-	-	-	312,184.82
		% Balance		0.08%	0.00%	0.00%	0.00%	0.08%
		# Loans		3	-	-	-	3
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
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		312,184.82	-	-	-	312,184.82
		% Balance		0.08%	0.00%	0.00%	0.00%	0.08%
		# Loans		3	-	-	-	3
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
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 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	REO Report for September 25, 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
Total Current Balance = 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 12 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Foreclosure Report for September 25, 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
Total Current Balance = 000.00


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 13 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Prepayment Report for September 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS								TOTAL

	*Current*
	Number of Paid in Full Loans							5
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							5

	Paid in Full Balance							1,511,289.91
	Repurchased Loans Balance							-
	Curtailments Amount							27,066.12
	Total Prepayment Amount							1,538,356.03

	*Cumulative*
	Number of Paid in Full Loans							5
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							5

	Paid in Full Balance							1,511,289.91
	Repurchased Loans Balance							-
	Curtailments Amount							27,066.12
	Total Prepayment Amount							1,538,356.03

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 14 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Prepayment Report for September 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES								TOTAL

	SMM							0.38%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							0.38%

	CPR							4.52%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off							4.52%

	PSA							1051.89%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							1051.89%







CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 15 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Prepayment Report for September 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments




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 16 of 22				© COPYRIGHT 2003 Deutsche Bank


	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 25, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 5						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 1,513,060.00
Total Prepayment Amount = 1,511,289.91


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

43640580 1			292,500.00	291,833.30	Aug-05-03	8.850%	MA - 65.00%	Paid Off - 360	Mar-21-03
46189361 1			450,000.00	449,412.27	Aug-25-03	8.150%	CA - 90.00%	Paid Off - 360	May-30-03
48923635 1			118,700.00	118,613.65	Sep-10-03	7.600%	MN - 94.96%	Paid Off - 360	Jun-17-03
49067317 1			151,860.00	151,749.53	Aug-29-03	7.600%	CA - 89.33%	Paid Off - 360	Jun-27-03
49462112 1			500,000.00	499,681.16	Aug-21-03	8.250%	MN - 83.33%	Paid Off - 360	Jun-30-03


					Page 17 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Realized Loss Report for September 25, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES								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


							3 Months Moving Average


Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 18 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Realized Loss Report for September 25, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS								TOTAL

	MDR							0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%

	CDR							0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%

	SDA							0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							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



CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 19 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Realized Loss Report for September 25, 2003 Distribution


	Realized Loss Report - Collateral




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 20 of 22				© COPYRIGHT 2003 Deutsche Bank


	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Realized Loss Detail Report for September 25, 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
Total Prior Principal Balance = 0.00
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 21 of 22				© COPYRIGHT 2003 Deutsche Bank
	Argent Mortgage Securities, Inc. 2003-W2
	Mortgage Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 25, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS								TOTAL

	Stepdown Date has occurred							No

	Delinquency Percentage							0.08%
	Balances 60+ days							312,184.82
	Ending Balance							398,145,968.48

	Credit Enhancement Percentage							15.82%
	Balance of Mezzanine and C Class							62,999,797.00
	Ending Balance							398,145,968.48


	Trigger Event in effect							No


ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION								TOTAL

	Net WAC Rate Carryover Amt: Class A-1							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 A-1 unpaid							0.00
	Libor for Current Period							1.110000%
	Net WAC Rate Carryover Amt: Class M-2 unpaid							0.00
	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00


				Page 22 of 22				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · ARGENT SECURITIES INC ASSET-BK PAS THRU CERT SER 2003-W2