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): ~~November~~December 2526, 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 BACK PS THR CERT SER 2003-AR3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-103335-06 33-0885129 (Commission File Number) (I.R.S. Employer Identification No.) 1100 TOWN & COUNTRY ROAD, SUITE 1100 ORANGE, CALIFORNIA 92868 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including 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 ~~November~~December 2526, 2003. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, 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 a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of June 1,2003. Date: ~~Nov~~Jan 2602, ~~2003~~2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~November~~December 2526, 2003.

	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	November 25, 2003 Distribution
	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				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				2223
			12.	Realized Loss Detail Report				2526
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2627
			14.	Other Related Information				2728
				Total Number of Pages				2728
			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: June 1, 2003
	Certificate Insurer(s):							Closing Date: June 6, 2003
								First Payment Date: July 25, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer
								Distribution Date: November 25, 2003
								Distribution Date: December 26, 2003
	Underwriter(s):		UBS Warburg Lead Underwriter					Record Date: ~~November~~December 24, 2003
			Morgan Stanley Lead Underwriter					~~October~~November 3128, 2003
			Banc of America Securities LLC Underwriter
			Citigroup Underwriter
			Deutsche Bank Underwriter
			RBS Greenwich Capital Underwriter
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 28					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for November 25, 2003 Distribution
	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)
A-1	FLT	1,080,374,000.00			1,~~041~~020,~~937~~925,~~248~~930.6019	1,~~233~~291,~~827~~223.3616	2125,~~011~~192,~~318~~549.4120	2226,~~245~~483,~~145~~772.7736	-	-	1995,~~020~~733,~~925,930~~380.1999
A-2	MEZ, FLT	356,126,000.00			~~342~~334,~~186~~531,~~101~~536.1565	~~410~~428,~~718~~862.3746	7,~~654~~800,~~564~~449.5041	8,~~065~~229,~~282~~311.87	-	-	~~334~~326,~~531~~731,~~536~~087.6524
M-1	MEZ, FLT	93,500,000.00			93,500,000.00	~~144~~154,~~613~~486.3302	-	~~144~~154,~~613~~486.3302	-	-	93,500,000.00
M-2	MEZ, FLT	80,750,000.00			80,750,000.00	~~206~~220,~~204~~338.1015	-	~~206~~220,~~204~~338.1015	-	-	80,750,000.00
M-3	MEZ, FLT	17,000,000.00			17,000,000.00	4952,~~573~~974.8948	-	4952,~~573~~974.8948	-	-	17,000,000.00
M-4	MEZ, FLT	17,000,000.00			17,000,000.00	6873,~~746~~468.1192	-	6873,~~746~~468.1192	-	-	17,000,000.00
M-5	MEZ, FLT	17,000,000.00			17,000,000.00	6671,~~691~~273.9409	-	6671,~~691~~273.9409	-	-	17,000,000.00
M-6	MEZ, FLT	17,000,000.00			17,000,000.00	6671,~~691~~273.9409	-	6671,~~691~~273.9409	-	-	17,000,000.00
CE	EXE	21,249,900.00			21,250,000.00	6,~~386~~105,~~564~~233.8571	-	6,~~386~~105,~~564~~233.8571	-	-	21,250,000.00
R	R	-			-	-	-	-	-	-	-
P	SUB	100.00			100.00	~~678~~839,~~270~~285.1278	-	~~678~~839,~~270~~285.1278	-	-	100.00
Total		1,700,000,000.00			1,~~647~~618,~~623~~957,~~449~~566.7584	9,~~311~~308,~~902~~418.0186	2832,~~665~~992,~~882~~998.9161	3742,~~977~~301,~~784~~417.9247	-	-	1,~~618~~585,~~957~~964,~~566~~568.8423
	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	1011/2725/03	1112/2425/03		A-Act/360	03072SHD0	1,080,374,000.00	~~964~~944.~~422736~~974546	1.~~142037~~195163	1923.~~448190~~318359	2024.~~590227~~513523	~~944~~921.~~974546~~656187
A-2	1011/2725/03	1112/2425/03		A-Act/360	03072SHE8	356,126,000.00	~~960~~939.~~856835~~362857	1.~~153295~~204244	21.~~493978~~903622	2223.~~647273~~107866	~~939~~917.~~362857~~459234
M-1	1011/2725/03	1112/2425/03		A-Act/360	03072SHF5	93,500,000.00	1,000.000000	1.~~546667~~652257	-	1.~~546667~~652257	1,000.000000
M-2	1011/2725/03	1112/2425/03		A-Act/360	03072SHG3	80,750,000.00	1,000.000000	2.~~553611~~728646	-	2.~~553611~~728646	1,000.000000
M-3	1011/2725/03	1112/2425/03		A-Act/360	03072SHH1	17,000,000.00	1,000.000000	23.~~916111~~116146	-	23.~~916111~~116146	1,000.000000
M-4	1011/2725/03	1112/2425/03		A-Act/360	03072SHJ7	17,000,000.00	1,000.000000	4.~~043889~~321701	-	4.~~043889~~321701	1,000.000000
M-5	1011/2725/03	1112/2425/03		A-Act/360	03072SHK4	17,000,000.00	1,000.000000	34.~~923055~~192535	-	34.~~923055~~192535	1,000.000000
M-6	1011/2725/03	1112/2425/03		A-Act/360	03072SHL2	17,000,000.00	1,000.000000	34.~~923055~~192535	-	34.~~923055~~192535	1,000.000000
CE				-		21,249,900.00	1,000.004706	~~300~~287.~~545643~~306468	-	~~300~~287.~~545643~~306468	1,000.004706
R				-		-	-	-	-	-	-
P				-		100.00	1,000.000000	68,~~782~~392,~~701~~857.~~200000~~800000	-	68,~~782~~392,~~701~~857.~~200000~~800000	1,000.000000
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for November 25, 2003 Distribution
	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)
A-1	1,080,374,000.00		79,~~750~~041,~~663~~886.0622		5478,~~731~~939,~~201~~542.8927	45,~~716~~701,~~867~~076.9374	5984,~~448~~640,~~069~~619.8101	6793,~~198~~682,~~732~~505.8723	-	-	1995,~~020~~733,~~925,930~~380.1999
A-2	356,126,000.00		23,~~581~~010,~~148~~011.9945		1927,~~716~~212,~~720~~426.9262	12,~~877~~182,~~742~~486.4214	2129,~~594~~394,~~463~~912.3576	2432,~~175~~404,~~612~~924.3421	-	-	~~334~~326,~~531~~731,~~536~~087.6524
M-1	93,500,000.00		~~879~~1,~~471~~033,957.3941		-	-	-	~~879~~1,~~471~~033,957.3941	-	-	93,500,000.00
M-2	80,750,000.00		1,~~241~~462,~~800~~138.4358		-	-	-	1,~~241~~462,~~800~~138.4358	-	-	80,750,000.00
M-3	17,000,000.00		~~297~~350,~~981~~956.6715		-	-	-	~~297~~350,~~981~~956.6715	-	-	17,000,000.00
M-4	17,000,000.00		~~390~~463,~~305~~774.8375		-	-	-	~~390~~463,~~305~~774.8375	-	-	17,000,000.00
M-5	17,000,000.00		~~381~~452,~~593~~866.3342		-	-	-	~~381~~452,~~593~~866.3342	-	-	17,000,000.00
M-6	17,000,000.00		~~381~~452,~~593~~866.3342		-	-	-	~~381~~452,~~593~~866.3342	-	-	17,000,000.00
CE	21,249,900.00		3036,~~136~~241,~~102~~335.1889		0.00	-	-	3036,~~136~~241,~~102~~335.1889	-	100.00	21,250,000.00
R	-		-		-	-	-	-	-	-	-
P	100.00		12,~~678~~518,~~728~~013.0886		-	-	-	12,~~678~~518,~~728~~013.0886	-	-	100.00
Total	1,700,000,000.00		4555,~~719~~027,~~388~~807.2915		74106,~~447~~151,~~922~~968.8189	67,~~594~~883,~~610~~562.3588	81114,~~042~~035,~~533~~531.1677	~~126~~169,~~761~~063,~~921~~338.4592	-	100.00	1,~~618~~585,~~957~~964,~~566~~568.8423
	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.~~47000~~46875%	1,~~041~~020,~~937~~925,~~248~~930.6019			1,~~233~~291,~~827~~223.3616	-	-	-	1,~~233~~291,~~827~~223.3616	1,~~233~~291,~~827~~223.3616	-
A-2	1.~~49000~~48875%	~~342~~334,~~186~~531,~~101~~536.1565			~~410~~428,~~718~~862.3746	-	-	-	~~410~~428,~~718~~862.3746	~~410~~428,~~718~~862.3746	-
M-1	1.~~92000~~91875%	93,500,000.00			~~144~~154,~~613~~486.3302	-	-	-	~~144~~154,~~613~~486.3302	~~144~~154,~~613~~486.3302	-
M-2	3.~~17000~~16875%	80,750,000.00			~~206~~220,~~204~~338.1015	-	-	-	~~206~~220,~~204~~338.1015	~~206~~220,~~204~~338.1015	-
M-3	3.~~62000~~61875%	17,000,000.00			4952,~~573~~974.8948	-	-	-	4952,~~573~~974.8948	4952,~~573~~974.8948	-
M-4	5.~~02000~~01875%	17,000,000.00			6873,~~746~~468.1192	-	-	-	6873,~~746~~468.1192	6873,~~746~~468.1192	-
M-5	4.~~87000~~86875%	17,000,000.00			6671,~~691~~273.9409	-	-	-	6671,~~691~~273.9409	6671,~~691~~273.9409	-
M-6	4.~~87000~~86875%	17,000,000.00			6671,~~691~~273.9409	-	-	-	6671,~~691~~273.9409	6671,~~691~~273.9409	-
CE		21,250,000.00			6,~~386~~105,~~564~~233.8571	-	-	-	6,~~386~~105,~~564~~233.8571	6,~~386~~105,~~564~~233.8571	-
R		-			-	-	-	-	-	-	-
P		100.00			~~678~~839,~~270~~285.1278	-	-	-	~~678~~839,~~270~~285.1278	~~678~~839,~~270~~285.1278	-
Total		1,~~647~~618,~~623~~957,~~449~~566.7584			9,~~311~~308,~~902~~418.0186	-	-	-	9,~~311~~308,~~902~~418.0186	9,~~311~~308,~~902~~418.0186	-
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					7,~~654~~800,~~564~~449.5041	2125,~~011~~192,~~318~~549.4120	2832,~~665~~992,~~882~~998.9161
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					7,~~654~~800,~~564~~449.5041	2125,~~011~~192,~~318~~549.4120	2832,~~665~~992,~~882~~998.9161
	Interest Collections					2,~~393~~340,~~319~~863.6476	7,~~423~~275,~~383~~113.6447	9,~~816~~615,~~703~~977.2823
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(~~269~~259,~~314~~383.6581)	(~~913~~887,~~756~~460.7434)	(1,~~183~~146,~~071~~844.3915)
	TOTAL NET INTEREST					2,~~124~~081,~~004~~479.9995	6,~~509~~387,~~626~~653.9013	8,~~633~~469,~~631~~133.8908
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					9,~~778~~881,~~569~~929.4936	2731,~~520~~580,~~945~~202.3133	3741,~~299~~462,~~514~~131.8069
	Prepayment Penalties Collected							~~678~~839,~~270~~285.1278
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							3742,~~977~~301,~~784~~417.9247
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~339~~336,~~644~~479.8318	~~965~~952,~~921~~473.5235	1,~~305~~288,~~566~~952.3553
	Prepayments In Full					7,~~292~~450,~~715~~965.9094	2023,~~002~~989,~~930~~150.4010	2731,~~295~~440,~~646~~116.3004
	Curtailments					2213,~~203~~004.7729	42141,~~466~~315.4964	64154,~~670~~319.2693
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0109,610.0011	0109,610.0011
	Other Principal					0.00	0.00	0.00
	Prefunding Release					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(~~294~~302,~~215~~608.4785)	(~~834~~857,~~065~~287.2541)	(1,~~128~~159,~~280~~896.7226)
	Advanced Principal					~~294~~302,~~215~~608.4785	~~834~~857,~~065~~287.2541	1,~~128~~159,~~280~~896.7226
	TOTAL PRINCIPAL COLLECTED					7,~~654~~800,~~564~~449.5041	2125,~~011~~192,~~318~~549.4120	2832,~~665~~992,~~882~~998.9161
				Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					2,~~539~~489,~~524~~384.5849	7,~~865~~725,~~235~~593.2030	10,~~404~~214,~~759~~977.7879
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0717.0003	0717.0003
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(2,~~191~~219,~~805~~493.8544)	(6,~~741~~884,~~930~~297.5158)	(89,~~933~~103,~~736~~791.3602)
	Interest Advanced					2,~~045~~070,~~600~~972.9171	6,~~300~~433,~~078~~100.9572	8,~~345~~504,~~679~~073.8643
	TOTAL INTEREST COLLECTED					2,~~393~~340,~~319~~863.6476	7,~~423~~275,~~383~~113.6447	9,~~816~~615,~~703~~977.2823
				Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						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 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2318,~~592~~087.2708	7456,~~861~~760.0199	9874,~~453~~848.2807
	Trustee Fees					~~424~~416.4952	1,~~291~~269.7889	1,~~716~~686.2741
	PMI Insurance Fees					~~245~~240,~~297~~880.8921	~~837~~829,~~603~~429.9546	1,~~082~~070,~~901~~309.8467
	TOTAL INTEREST OTHER FEES					~~269~~259,~~314~~383.6581	~~913~~887,~~756~~460.7434	1,~~183~~146,~~071~~844.3915
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report for December 26, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Reserve Balance (Ending)							1,000.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							21,250,000.00
	Overcollateralization Target Amount							21,250,000.00
	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							0.00
				Page 7 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1689	7784	9473
	Prior					1,~~644~~619	7,~~593~~482	9,~~237~~101
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(2527)	(~~111~~133)	(~~136~~160)
	Repurchases					-	-(1)	-(1)
	Liquidations					-	-	-
	Current					1,~~619~~592	7,~~482~~348	98,~~101~~940
	Principal Balance:
	Original					421,452,910.82	1,278,544,522.64	1,699,997,433.46
	Prior					~~407~~399,~~513~~858,~~296~~731.3282	1,~~240~~219,~~110~~098,~~153~~835.4302	1,~~647~~618,~~623~~957,~~449~~566.7584
	Prefunding					-	-	-
	Scheduled Principal					(~~339~~336,~~644~~479.8318)	(~~965~~952,~~921~~473.5235)	(1,~~305~~288,~~566~~952.3553)
	Partial and Full Voluntary Prepayments					(7,~~314~~463,~~919~~970.6723)	(2024,~~045~~130,~~396~~465.8974)	(2731,~~360~~594,~~316~~435.5697)
	Repurchases					-	-(109,610.11)	-(109,610.11)
	Liquidations					-	-	-
	Current					~~399~~392,~~858~~058,~~731~~282.8241	1,~~219~~193,~~098~~906,~~835~~285.0282	1,~~618~~585,~~957~~964,~~566~~568.8423
PREFUNDING						GROUP 2	GROUP 1	TOTAL
	Original Pre-Funding Amount					74,373,163.95	225,622,307.79	299,995,471.74
	Pre-Funding Amount Beginning Balance					74,373,163.95	225,622,307.79	299,995,471.74
	Withdrawal for Subsequent Transfers					(74,372,916.03)	(225,619,989.17)	(299,992,905.20)
	Pre-Funding Amount Released as Principal					(247.92)	(2,318.62)	(2,566.54)
	Pre-Funding Amount Ending Balance					0.00	0.00	0.00
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 8 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.492869%	7.613333%	7.583469%
	Weighted Average Coupon Prior					7.~~483341~~478111%	7.~~612280~~610842%	7.~~580406~~578013%
	Weighted Average Coupon Current					7.~~478111~~470792%	7.~~610842~~605267%	7.~~578013~~572054%
	Weighted Average Months to Maturity Original					354	356	356
	Weighted Average Months to Maturity Prior					~~351~~350	~~353~~352	~~353~~352
	Weighted Average Months to Maturity Current					~~350~~349	~~352~~351	~~352~~351
	Weighted Avg Remaining Amortization Term Original					354	356	355
	Weighted Avg Remaining Amortization Term Prior					~~351~~349	~~353~~352	~~352~~351
	Weighted Avg Remaining Amortization Term Current					~~349~~348	~~352~~351	~~351~~350
	Weighted Average Seasoning Original					1.87	1.96	1.93
	Weighted Average Seasoning Prior					45.85	45.9594	45.92
	Weighted Average Seasoning Current					56.85	56.94	56.92
Note: Original information refers to deal issue.
	Group 1
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 9 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					4.183%	5.459%
	Weighted Average Margin Prior					4.~~166~~163%	5.~~454~~450%
	Weighted Average Margin Current					4.~~163~~143%	5.~~450~~445%
	Weighted Average Max Rate Original					8.965%	11.651%
	Weighted Average Max Rate Prior					8.~~925~~916%	11.~~641~~631%
	Weighted Average Max Rate Current					8.~~916~~879%	11.~~631~~614%
	Weighted Average Min Rate Original					5.060%	6.551%
	Weighted Average Min Rate Prior					5.~~036~~030%	6.~~545~~539%
	Weighted Average Min Rate Current					5.~~030~~009%	6.~~539~~528%
	Weighted Average Cap Up Original					0.651%	0.850%
	Weighted Average Cap Up Prior					0.648%	0.849%
	Weighted Average Cap Up Current					0.~~648~~645%	0.~~849~~848%
	Weighted Average Cap Down Original					0.651%	0.850%
	Weighted Average Cap Down Prior					0.648%	0.849%
	Weighted Average Cap Down Current					0.~~648~~645%	0.~~849~~848%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2318,~~592~~087.2708	7456,~~861~~760.0199	9874,~~453~~848.2807
	Delinquent Servicing Fees					~~146~~148,~~204~~520.9373	~~441~~451,~~851~~196.5686	~~588~~599,~~056~~717.4959
	TOTAL SERVICING FEES					~~169~~166,~~797~~607.2081	~~516~~507,~~712~~957.5785	~~686~~674,~~509~~565.7766
	Prepayment Interest Shortfall					6,~~021~~995.8479	1716,~~026~~910.1144	23,~~047~~906.9523
	Compensating Interest					(6,~~021~~995.8479)	(1716,~~026~~910.1144)	(23,~~047~~906.9523)
	Delinquent Servicing Fees					(~~146~~148,~~204~~520.9373)	(~~441~~451,~~851~~196.5686)	(~~588~~599,~~056~~717.4959)
	COLLECTED SERVICING FEES					2318,~~592~~087.2708	7456,~~861~~760.0199	9874,~~453~~848.2807
	Aggregate Advances with respect to this Distribution					2,~~339~~373,~~816~~581.3856	7,~~134~~290,~~144~~388.2013	9,~~473~~663,~~960~~969.5869
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances					0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1622,~~550~~371,~~291~~550.8639	1011,~~131~~647,~~799~~139.8599	48,~~344~~034,~~548~~170.1165	3142,~~026~~052,~~639~~861.8203
		% Balance			1.0241%	0.6373%	0.2751%	12.9265%
		# Loans			98131	5965	2145	~~178~~241
		% # Loans			1.0847%	0.6573%	0.2350%	12.9670%
FORECLOSURE		Balance		-	-	-	510,~~406~~348,~~500~~371.8742	510,~~406~~348,~~500~~371.8742
		% Balance		0.00%	0.00%	0.00%	0.3365%	0.3365%
		# Loans		-	-	-	4167	4167
		% # Loans		0.00%	0.00%	0.00%	0.4575%	0.4575%
BANKRUPTCY		Balance		4,~~186~~635,~~048~~241.6366	~~614~~442,~~007~~377.9685	~~668~~124,~~536~~206.3590	~~866~~1,~~867~~644,232.7051	6,~~335~~846,~~460~~058.6492
		% Balance		0.2629%	0.0403%	0.0401%	0.0510%	0.3943%
		# Loans		2225	3	61	613	3742
		% # Loans		0.2428%	0.03%	0.0701%	0.0715%	0.4147%
REO		Balance		-	-	-	-102,752.95	-102,752.95
		% Balance		0.00%	0.00%	0.00%	0.0001%	0.0001%
		# Loans		-	-	-	-1	-1
		% # Loans		0.00%	0.00%	0.00%	0.0001%	0.0001%
TOTAL		Balance		4,~~186~~635,~~048~~241.6366	1722,~~164~~813,~~299~~928.8224	1011,~~800~~771,~~336~~346.2089	1020,~~617~~129,~~916~~527.6853	4259,~~768~~350,~~601~~044.3332
		% Balance		0.2629%	1.0644%	0.6774%	01.6627%	23.6474%
		# Loans		2225	~~101~~134	6566	68126	~~256~~351
		% # Loans		0.2428%	1.1150%	0.7174%	01.7541%	23.8193%
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 11 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1117,~~755~~390,~~763~~162.1676	76,~~660~~926,~~295~~577.5298	25,~~776~~358,~~363~~817.6171	2229,~~192~~675,~~422~~558.2945
		% Balance			01.9646%	0.6358%	0.2345%	12.8249%
		# Loans			78109	46	1531	~~139~~186
		% # Loans			1.0448%	0.6163%	0.2042%	12.8653%
FORECLOSURE		Balance		-	-	-	48,~~231~~315,~~314~~768.8896	48,~~231~~315,~~314~~768.8896
		% Balance		0.00%	0.00%	0.00%	0.3570%	0.3570%
		# Loans		-	-	-	3556	3556
		% # Loans		0.00%	0.00%	0.00%	0.4776%	0.4776%
BANKRUPTCY		Balance		34,~~616~~191,~~324~~969.0384	~~262~~442,~~472~~377.4685	~~567~~124,~~572~~206.6190	~~460~~1,~~096~~237,738.8492	45,~~906~~996,~~465~~293.9451
		% Balance		0.3035%	0.0204%	0.0501%	0.0410%	0.4050%
		# Loans		2024	23	51	310	3038
		% # Loans		0.2733%	0.0304%	0.0701%	0.0414%	0.4052%
REO		Balance		-	-	-	-102,752.95	-102,752.95
		% Balance		0.00%	0.00%	0.00%	0.0001%	0.0001%
		# Loans		-	-	-	-1	-1
		% # Loans		0.00%	0.00%	0.00%	0.0001%	0.0001%
TOTAL		Balance		34,~~616~~191,~~324~~969.0384	1217,~~018~~832,~~235~~540.6261	87,~~227~~050,~~868~~784.1388	715,~~467~~015,~~775~~078.3354	3144,~~330~~090,~~203~~373.1187
		% Balance		0.3035%	01.9949%	0.6759%	01.6126%	23.5769%
		# Loans		2024	80112	5147	5398	~~204~~281
		% # Loans		0.2733%	1.0752%	0.6864%	01.7133%	23.7382%
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 12 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,~~794~~981,~~528~~387.7063	24,~~471~~720,~~504~~562.3301	12,~~568~~675,~~184~~352.5094	812,~~834~~377,~~217~~302.5358
		% Balance			1.2027%	01.6220%	0.3968%	23.2116%
		# Loans			2022	1319	614	3955
		% # Loans			1.2438%	01.8019%	0.3788%	23.4145%
FORECLOSURE		Balance		-	-	-	12,~~175~~032,~~185~~602.9946	12,~~175~~032,~~185~~602.9946
		% Balance		0.00%	0.00%	0.00%	0.2952%	0.2952%
		# Loans		-	-	-	611	611
		% # Loans		0.00%	0.00%	0.00%	0.3769%	0.3769%
BANKRUPTCY		Balance		~~569~~443,~~724~~271.6082	~~351,535.50~~-	~~100,963.74~~-	406,~~770~~493.8659	1849,~~428,994~~765.7041
		% Balance		0.1411%	0.0900%	0.0300%	0.10%	0.3622%
		# Loans		21	1-	1-	3	74
		% # Loans		0.1206%	0.0600%	0.0600%	0.19%	0.4325%
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		~~569~~443,~~724~~271.6082	54,~~146~~981,~~064~~387.2063	24,~~572~~720,~~468~~562.0701	35,~~150~~114,~~141~~448.3599	1115,~~438~~259,~~398~~670.2245
		% Balance		0.1411%	1.2927%	01.6420%	01.7930%	23.8689%
		# Loans		21	2122	1419	1528	5270
		% # Loans		0.1206%	1.3038%	01.8619%	01.9376%	34.2140%
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 13 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	REO Report for November 25, 2003 Distribution
	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 Loan Count = 1				Loan Group 1 = Group 1 Group; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Original Principal Balance = 103,200.00				Loan Group 2 = Group 2 Group; REO Book Value = Not Available
Total Current Balance = 000.00
Total Current Balance = 102,752.95
REO Book Value = 000.00
REO Book Value = Not Available
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
45558780 1		103,200.00	102,752.95	May-01-03	8.500%	AL - 80.00%	360	Apr-14-03
				Page 14 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 14 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report for December 26, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 40				Loan Group 1 = Group 1 Group
Total Loan Count = 29				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 5,087,240.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 5,282,716.00				Loan Group 2 = Group 2 Group
Total Current Balance = 5,068,313.80
Total Current Balance = 5,258,834.91
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
39478847 1		148,500.00	147,554.38	May-01-03	8.900%	MN - 90.00%	360	Nov-27-02
43360817 1		180,000.00	179,422.36	Jul-01-03	9.950%	NY - 75.00%	360	Apr-02-03
42488064 1		216,000.00	214,911.88	Jun-01-03	7.750%	NY - 90.00%	360	Mar-07-03
44164143 1		166,500.00	165,559.48	May-01-03	8.300%	UT - 90.24%	360	Apr-03-03
42888958 1		65,800.00	65,542.04	Jun-01-03	9.700%	MI - 70.00%	360	Feb-21-03
44732758 1		289,750.00	288,200.95	May-01-03	7.450%	NY - 95.00%	360	Apr-23-03
43765643 1		72,000.00	71,722.60	Apr-01-03	9.800%	OH - 80.00%	360	Apr-03-03
44875987 1		136,000.00	135,124.50	Jul-01-03	7.200%	IL - 80.00%	360	Mar-31-03
43843820 1		77,000.00	76,684.71	May-01-03	9.450%	UT - 70.00%	360	Feb-26-03
45040987 1		123,500.00	122,859.04	Jul-01-03	7.600%	FL - 95.00%	360	Apr-10-03
43954163 1		117,600.00	117,180.99	Jun-01-03	9.450%	TX - 80.00%	360	Apr-01-03
45481157 1		360,000.00	357,662.16	Jul-01-03	6.450%	NY - 92.31%	360	Apr-11-03
44225191 1		60,000.00	59,762.77	May-01-03	8.950%	MI - 80.00%	360	Mar-19-03
45487824 1		132,905.00	132,280.75	Jul-01-03	8.100%	IL - 95.00%	360	Apr-18-03
44289684 1		76,500.00	76,193.03	Jun-01-03	8.100%	OH - 85.00%	360	Apr-14-03
45499290 1		212,500.00	211,411.65	Jul-01-03	8.350%	AZ - 85.00%	360	Apr-11-03
44349363 1		153,000.00	152,244.46	Jun-01-03	7.850%	NY - 63.75%	360	Mar-27-03
45582699 1		300,000.00	298,605.08	Jul-01-03	8.150%	CA - 80.00%	360	Apr-03-03
44416113 1		67,500.00	67,305.09	May-01-03	9.700%	MO - 90.00%	360	Apr-10-03
45626165 1		75,000.00	74,664.07	Jul-01-03	7.550%	MD - 71.43%	360	May-23-03
44773679 1		63,000.00	62,843.09	May-01-03	10.400%	PA - 90.00%	360	Apr-18-03
45855285 1		164,000.00	163,212.50	Jul-01-03	7.990%	CO - 80.00%	360	Apr-28-03
44811826 1		94,000.00	93,641.44	Jun-01-03	8.350%	MN - 88.68%	360	Apr-07-03
46101762 1		142,000.00	141,500.76	Jul-01-03	8.750%	WA - 61.74%	360	May-13-03
45388907 1		167,200.00	166,674.62	Jun-01-03	10.050%	OR - 80.00%	360	Mar-31-03
46101770 1		313,500.00	312,190.63	Jun-01-03	7.900%	NY - 95.00%	360	May-13-03
45486966 1		100,000.00	99,423.21	Jun-01-03	6.250%	SC - 89.29%	360	Apr-23-03
46150264 1		163,800.00	163,034.91	Jul-01-03	8.150%	NV - 90.00%	360	Apr-22-03
45558780 1		103,200.00	102,818.17	May-01-03	8.500%	AL - 80.00%	360	Apr-14-03
46197356 1		263,500.00	262,490.53	Jun-01-03	9.100%	CA - 85.00%	360	May-02-03
45599990 1		181,000.00	180,370.16	Jun-01-03	8.800%	FL - 78.70%	360	Apr-15-03
46429452 1		252,000.00	250,639.43	Jul-01-03	7.400%	AZ - 90.00%	360	Apr-30-03
45659208 1		102,000.00	101,586.63	Jun-01-03	8.050%	CO - 85.00%	360	Apr-10-03
46448825 1		143,736.00	143,225.45	Jul-01-03	8.700%	MN - 90.00%	360	May-01-03
45797990 1		63,375.00	62,826.68	Jun-01-03	9.450%	SC - 75.00%	240	Apr-28-03
46450524 1		65,025.00	64,827.03	Jul-01-03	10.200%	TN - 85.00%	360	Apr-17-03
45858016 1		299,700.00	298,972.81	Jun-01-03	9.640%	IL - 90.00%	360	May-07-03
46530341 1		153,600.00	152,939.61	Jul-01-03	8.600%	CA - 89.30%	360	Apr-30-03
45859055 1		77,900.00	77,605.81	Jun-01-03	8.400%	IN - 95.00%	360	Apr-18-03
46575544 1		76,500.00	76,101.56	Jul-01-03	7.950%	IL - 90.00%	360	Apr-23-03
45902327 1		100,000.00	99,672.87	Jun-01-03	9.100%	IL - 80.00%	360	Apr-11-03
46772380 1		68,000.00	67,797.39	Jul-01-03	9.550%	OH - 85.00%	360	May-09-03
46025102 1		72,165.00	71,841.76	Jun-01-03	7.550%	AZ - 85.00%	360	Apr-21-03
46863916 1		209,000.00	208,202.77	Jul-01-03	8.350%	IL - 95.00%	360	May-05-03
46124509 1		221,350.00	220,434.74	Jun-01-03	7.950%	NV - 95.00%	360	Apr-21-03
47399589 1		318,750.00	317,594.48	Jun-01-03	8.600%	CA - 75.00%	360	May-30-03
46230496 1		117,000.00	116,633.09	Jun-01-03	8.400%	IA - 90.00%	360	May-05-03
47466594 1		111,600.00	111,199.54	Jul-01-03	8.650%	FL - 90.00%	360	May-13-03
46248258 1		105,000.00	104,683.89	May-01-03	9.500%	CA - 75.00%	360	Apr-30-03
45218757 2		67,500.00	67,254.41	Jul-01-03	9.350%	IL - 90.00%	360	Apr-17-03
46394961 1		104,400.00	104,050.62	May-01-03	8.990%	UT - 90.00%	360	Apr-30-03
45281284 2		66,300.00	66,169.01	Jul-01-03	12.200%	AZ - 65.00%	360	Apr-29-03
46647665 1		80,750.00	80,441.96	Jun-01-03	8.350%	FL - 85.00%	360	Apr-22-03
46500294 2		340,000.00	337,974.17	Jul-01-03	6.900%	CA - 80.00%	360	Apr-28-03
46690913 1		243,100.00	242,383.32	Jun-01-03	9.600%	CA - 85.00%	360	Apr-29-03
46883781 2		117,000.00	116,644.08	Jul-01-03	9.450%	IL - 90.00%	360	May-02-03
46691945 1		97,200.00	96,894.92	Jun-01-03	9.300%	RI - 90.00%	360	Apr-25-03
46985107 2		270,750.00	270,046.61	Jul-01-03	10.200%	NJ - 75.00%	360	May-27-03
46759015 1		111,150.00	110,708.48	Jun-01-03	8.150%	FL - 95.00%	360	Apr-30-03
				Page 15 of 28				© COPYRIGHT 2003 Deutsche Bank
47042155 1		121,250.00	120,829.34	Jun-01-03	7.900%	CO - 74.85%	360	May-13-03
47100698 1		152,000.00	151,228.52	Jun-01-03	5.950%	CA - 95.00%	360	May-12-03
47895974 1		157,250.00	156,790.97	Jun-01-03	8.750%	NM - 85.00%	360	May-23-03
47968607 1		81,600.00	81,338.85	Jun-01-03	8.300%	MO - 85.00%	360	May-30-03
48322895 1		178,200.00	177,516.98	Jun-01-03	7.400%	CO - 90.00%	360	May-28-03
42942862 2		91,200.00	90,933.94	Jun-01-03	9.650%	MI - 80.00%	360	Apr-15-03
44918654 2		139,200.00	138,729.22	May-01-03	9.700%	MN - 80.00%	360	Apr-01-03
45336773 2		346,500.00	345,330.84	Jun-01-03	8.950%	MO - 90.00%	360	Apr-23-03
45728649 2		113,400.00	113,131.79	Jun-01-03	10.650%	OH - 90.00%	360	Apr-18-03
47331780 2		149,250.00	148,873.13	Jun-01-03	9.450%	CA - 75.00%	360	May-20-03
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					2527	~~111~~133	~~136~~160
	Number of Repurchased Loans					-	-1	-1
	Total Number of Loans Prepaid in Full					2527	~~111~~134	~~136~~161
	Paid in Full Balance					7,~~292~~450,~~715~~965.9094	2023,~~002~~989,~~930~~150.4010	2731,~~295~~440,~~646~~116.3004
	Repurchased Loans Balance					-	-109,610.11	-109,610.11
	Curtailments Amount					2213,~~203~~004.7729	42141,~~466~~315.4964	64154,~~670~~319.2693
	Total Prepayment Amount					7,~~314~~463,~~919~~970.6723	2024,~~045~~240,~~396~~075.8985	2731,~~360~~704,~~316~~046.5608
	Cumulative
	Number of Paid in Full Loans					6895	~~290~~423	~~358~~518
	Number of Repurchased Loans					2	1213	1415
	Total Number of Loans Prepaid in Full					7097	~~302~~436	~~372~~533
	Paid in Full Balance					1926,~~194~~645,~~703~~669.4842	5276,~~361~~351,~~883~~033.2434	71102,~~556~~996,~~586~~702.7276
	Repurchased Loans Balance					530,154.72	1,~~701~~810,~~309~~919.8495	2,~~231~~341,~~464~~074.5667
	Curtailments Amount					~~152~~165,~~829~~833.4978	~~504~~645,~~375~~691.5014	~~657~~811,~~204~~524.9992
	Total Prepayment Amount					1927,~~877~~341,~~687~~657.6992	5478,~~567~~807,~~568~~644.5843	74106,~~445~~149,~~256~~302.2735
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 16 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					1.8087%	1.6299%	1.6696%
	3 Months Avg SMM					1.2567%	1.2468%	1.2468%
	12 Months Avg SMM
	Avg SMM Since Cut-off					01.9612%	01.8706%	01.8907%
	CPR					1920.5525%	1721.7743%	1821.2214%
	3 Months Avg CPR					1318.9835%	1318.9141%	1318.9239%
	12 Months Avg CPR
	Avg CPR Since Cut-off					1012.9860%	911.9799%	1012.2214%
	PSA					~~1670~~1478.7346%	~~1495~~1543.0886%	~~1538~~1527.2899%
	3 Months Avg PSA Approximation					~~1440~~1567.4779%	~~1405~~1548.2554%	~~1413~~1553.8325%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1422~~1445.9169%	~~1261~~1347.5936%	~~1300~~1371.9336%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 17 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1
	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 18 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 18 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 136						Loan Group 1 = Group 1 Group
Total Loan Count = 161						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 27,476,350.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 31,704,384.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 27,295,646.30
Total Prepayment Amount = 31,549,726.15
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
40996258 1			217,500.00	216,455.62	Oct-13-03	7.990%	CA - 75.00%	Paid Off - 360	Feb-19-03
40396715 1			215,000.00	212,989.19	Dec-10-03	6.450%	CA - 75.44%	Paid Off - 360	Dec-17-02
42298497 1			120,000.00	119,525.82	Nov-03-03	8.950%	CA - 80.00%	Paid Off - 360	Feb-14-03
41599754 1			208,000.00	206,286.98	Dec-03-03	6.550%	MA - 80.62%	Paid Off - 360	Jan-09-03
43187467 1			112,500.00	111,861.98	Oct-20-03	7.150%	CA - 90.00%	Paid Off - 360	Feb-25-03
42044370 1			233,750.00	231,324.94	Dec-03-03	5.900%	NY - 85.00%	Paid Off - 360	Dec-31-02
43414382 1			159,000.00	158,684.25	Oct-30-03	11.450%	NY - 57.82%	Paid Off - 360	Mar-10-03
42180513 1			282,600.00	280,465.83	Nov-20-03	7.000%	IL - 90.00%	Paid Off - 360	Jan-22-03
43427145 1			144,500.00	143,800.57	Oct-20-03	7.950%	CA - 83.05%	Paid Off - 360	Feb-24-03
42612309 1			200,000.00	198,734.47	Nov-24-03	7.900%	NY - 73.26%	Paid Off - 360	Jan-27-03
43435445 1			150,000.00	149,244.30	Oct-31-03	7.750%	CA - 40.54%	Paid Off - 360	Mar-05-03
42878033 1			153,000.00	151,987.72	Nov-28-03	8.450%	MA - 79.69%	Paid Off - 360	Jan-28-03
43498161 1			156,750.00	156,041.01	Oct-21-03	7.500%	CA - 95.00%	Paid Off - 360	Mar-17-03
43093194 1			131,100.00	130,379.59	Dec-02-03	8.000%	CA - 95.00%	Paid Off - 360	Feb-19-03
43541531 1			151,200.00	150,666.82	Oct-23-03	9.500%	NJ - 90.00%	Paid Off - 360	Feb-27-03
43309632 1			200,000.00	198,750.19	Nov-21-03	6.650%	IL - 75.47%	Paid Off - 360	Mar-19-03
43552033 1			275,900.00	275,069.50	Oct-27-03	8.600%	IL - 94.97%	Paid Off - 360	Apr-04-03
43538099 1			92,000.00	91,603.84	Nov-17-03	9.200%	CA - 80.00%	Paid Off - 360	Feb-19-03
43655521 1			259,250.00	258,115.52	Oct-17-03	8.450%	IL - 85.00%	Paid Off - 360	Feb-26-03
43672948 1			196,000.00	194,750.59	Nov-26-03	7.250%	MD - 93.33%	Paid Off - 360	Feb-28-03
43679083 1			243,200.00	242,511.67	Nov-03-03	8.900%	CA - 80.00%	Paid Off - 360	Apr-25-03
43828722 1			289,750.00	287,956.54	Dec-01-03	7.400%	CA - 95.00%	Paid Off - 360	Feb-26-03
43732619 1			285,000.00	283,201.79	Oct-30-03	6.600%	CA - 95.00%	Paid Off - 360	Feb-28-03
43945245 1			280,800.00	279,207.61	Dec-02-03	7.150%	CA - 90.00%	Paid Off - 360	Mar-12-03
43931021 1			270,000.00	268,954.87	Oct-27-03	9.050%	MA - 64.44%	Paid Off - 360	Feb-28-03
43962836 1			209,000.00	208,118.32	Nov-26-03	7.850%	MA - 95.00%	Paid Off - 360	Apr-02-03
43988393 1			100,000.00	99,711.06	Oct-16-03	8.800%	NY - 28.57%	Paid Off - 360	Apr-25-03
43989128 1			273,500.00	270,791.84	Dec-09-03	9.400%	TX - 86.83%	Paid Off - 360	Apr-15-03
44022069 1			308,000.00	306,592.65	Oct-28-03	6.500%	ME - 53.57%	Paid Off - 360	Apr-04-03
44101962 1			199,000.00	197,914.88	Dec-09-03	7.350%	NJ - 81.22%	Paid Off - 360	Mar-26-03
44108934 1			143,450.00	142,781.58	Nov-10-03	7.350%	MN - 95.00%	Paid Off - 360	Mar-03-03
44257368 1			224,000.00	222,653.95	Nov-25-03	7.550%	CA - 80.00%	Paid Off - 360	Mar-04-03
44229672 1			218,000.00	217,372.28	Oct-21-03	7.700%	IL - 94.78%	Paid Off - 360	May-06-03
44325322 1			217,350.00	216,030.56	Nov-13-03	6.800%	CA - 90.00%	Paid Off - 360	Mar-10-03
44234417 1			108,000.00	107,535.17	Oct-20-03	7.750%	CA - 80.00%	Paid Off - 360	Mar-12-03
44376960 1			231,800.00	230,678.02	Nov-18-03	7.950%	MN - 95.00%	Paid Off - 360	Mar-17-03
44266021 1			254,410.00	253,699.17	Oct-28-03	7.850%	NY - 95.00%	Paid Off - 360	May-02-03
44381762 1			217,000.00	215,914.96	Dec-01-03	6.990%	MA - 78.91%	Paid Off - 360	Apr-04-03
44553238 1			84,000.00	83,736.59	Nov-03-03	8.400%	MI - 52.50%	Paid Off - 360	Apr-21-03
44667988 1			72,000.00	71,728.10	Dec-03-03	8.400%	MN - 90.00%	Paid Off - 360	Apr-10-03
44679975 1			154,854.00	153,187.31	Oct-29-03	7.900%	IL - 89.77%	Paid Off - 360	Mar-21-03
44683878 1			222,300.00	221,333.64	Dec-09-03	7.700%	CA - 65.00%	Paid Off - 360	Apr-18-03
44754224 1			154,400.00	153,993.52	Oct-31-03	9.250%	MN - 80.00%	Paid Off - 360	Apr-03-03
44753580 1			172,100.00	171,456.73	Nov-14-03	8.450%	NV - 84.74%	Paid Off - 360	Apr-11-03
44760858 1			168,000.00	167,568.11	Oct-16-03	10.250%	CA - 71.49%	Paid Off - 360	Mar-31-03
44756435 1			120,000.00	119,781.68	Nov-25-03	11.850%	CA - 63.16%	Paid Off - 360	Apr-21-03
44793990 1			190,000.00	189,364.17	Nov-06-03	8.990%	MA - 63.12%	Paid Off - 360	Mar-19-03
44997419 1			140,000.00	139,265.19	Nov-25-03	8.050%	CA - 70.00%	Paid Off - 360	Mar-28-03
44810174 1			134,910.00	134,547.41	Oct-30-03	9.150%	WA - 90.00%	Paid Off - 360	Apr-09-03
45014859 1			76,500.00	76,304.82	Dec-01-03	9.400%	MI - 85.00%	Paid Off - 360	May-12-03
44811610 1			145,600.00	145,087.70	Nov-03-03	8.400%	ME - 70.00%	Paid Off - 360	Apr-14-03
45019106 1			88,000.00	86,299.49	Nov-26-03	7.050%	AZ - 80.00%	Paid Off - 180	Apr-04-03
44867851 1			243,000.00	242,198.41	Nov-07-03	8.150%	NY - 90.00%	Paid Off - 360	Apr-10-03
45025848 1			194,900.00	194,029.60	Dec-08-03	8.350%	MD - 73.55%	Paid Off - 360	Mar-24-03
44867992 1			198,000.00	197,104.41	Nov-03-03	7.500%	MN - 90.00%	Paid Off - 360	Mar-28-03
45068913 1			92,800.00	92,442.36	Nov-17-03	8.300%	AZ - 80.00%	Paid Off - 360	Apr-17-03
44917680 1			189,000.00	188,419.33	Oct-21-03	8.500%	NJ - 89.15%	Paid Off - 360	Apr-04-03
45076189 1			123,750.00	123,447.19	Dec-08-03	9.600%	MI - 75.00%	Paid Off - 360	May-02-03
44929487 1			163,875.00	163,339.84	Nov-04-03	8.200%	NH - 95.00%	Paid Off - 360	Apr-14-03
45141140 1			213,750.00	212,760.03	Dec-02-03	7.700%	MN - 95.00%	Paid Off - 360	Apr-02-03
44930949 1			147,900.00	147,269.45	Oct-29-03	7.800%	CA - 85.00%	Paid Off - 360	Mar-19-03
45157039 1			303,000.00	301,427.83	Dec-10-03	6.800%	CA - 65.02%	Paid Off - 360	Apr-29-03
44943025 1			186,150.00	185,535.96	Nov-03-03	8.150%	NV - 85.00%	Paid Off - 360	Apr-15-03
45172301 1			100,000.00	99,565.27	Nov-12-03	7.700%	NH - 40.00%	Paid Off - 360	Apr-23-03
44974004 1			75,000.00	74,789.87	Oct-28-03	8.950%	IL - 64.66%	Paid Off - 360	Apr-10-03
45198058 1			156,750.00	156,164.09	Nov-20-03	8.450%	CA - 75.00%	Paid Off - 360	Apr-14-03
44977510 1			166,000.00	165,429.89	Nov-05-03	7.950%	MA - 62.64%	Paid Off - 360	Apr-04-03
45216496 1			313,500.00	311,651.46	Dec-03-03	6.950%	CA - 95.00%	Paid Off - 360	Mar-27-03
45030871 1			315,000.00	313,773.89	Oct-30-03	8.250%	NY - 60.00%	Paid Off - 360	Apr-01-03
45225133 1			100,000.00	99,589.79	Nov-28-03	7.990%	NJ - 60.61%	Paid Off - 360	Apr-16-03
45068467 1			112,500.00	112,164.79	Nov-07-03	8.650%	FL - 90.00%	Paid Off - 360	Apr-15-03
45239308 1			217,500.00	216,055.08	Dec-09-03	5.500%	CA - 75.00%	Paid Off - 360	Apr-18-03
45142403 1			210,000.00	208,889.55	Nov-03-03	7.400%	NY - 62.69%	Paid Off - 360	Apr-08-03
45254067 1			166,400.00	165,683.86	Nov-18-03	7.750%	CA - 80.00%	Paid Off - 360	Apr-14-03
45143781 1			279,920.00	278,377.98	Nov-03-03	6.490%	CA - 80.00%	Paid Off - 360	Apr-09-03
45270501 1			95,000.00	94,692.89	Nov-19-03	8.250%	MA - 49.87%	Paid Off - 360	May-21-03
45176245 1			139,500.00	139,147.76	Nov-03-03	9.450%	MN - 90.00%	Paid Off - 360	Apr-16-03
45320082 1			160,000.00	158,813.69	Nov-28-03	5.750%	CA - 60.38%	Paid Off - 360	Apr-02-03
45210705 1			155,200.00	154,291.64	Oct-17-03	7.500%	CA - 80.00%	Paid Off - 360	Mar-26-03
45343720 1			194,000.00	193,094.60	Dec-05-03	7.850%	MA - 64.67%	Paid Off - 360	Apr-16-03
45213410 1			140,000.00	139,385.29	Oct-22-03	7.650%	CA - 80.00%	Paid Off - 360	Mar-31-03
45354180 1			67,500.00	67,259.62	Nov-17-03	8.700%	FL - 75.00%	Paid Off - 360	Apr-04-03
45216173 1			106,875.00	106,578.64	Nov-04-03	9.000%	MN - 75.00%	Paid Off - 360	Apr-02-03
45400173 1			213,750.00	213,013.76	Dec-08-03	8.850%	MA - 75.00%	Paid Off - 360	Apr-16-03
45237203 1			304,200.00	303,274.90	Oct-31-03	8.550%	NY - 90.00%	Paid Off - 360	Apr-23-03
45477783 1			221,000.00	217,904.98	Nov-21-03	6.500%	CA - 85.00%	Paid Off - 360	Apr-10-03
45254430 1			167,400.00	166,864.28	Oct-22-03	8.300%	MN - 90.00%	Paid Off - 360	Apr-08-03
45478799 1			126,750.00	126,396.95	Nov-26-03	11.050%	NJ - 65.00%	Paid Off - 360	Apr-26-03
					Page 19 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 19 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	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
45314085 1			200,000.00	199,244.80	Oct-20-03	8.400%	MI - 80.00%	Paid Off - 360	Mar-31-03
45480464 1			181,500.00	180,726.61	Nov-25-03	7.800%	NH - 84.81%	Paid Off - 360	Apr-15-03
45348141 1			158,950.00	158,451.57	Nov-04-03	8.400%	MN - 85.00%	Paid Off - 360	Apr-25-03
45484599 1			100,000.00	99,629.90	Nov-18-03	8.500%	MA - 80.00%	Paid Off - 360	Apr-02-03
45365954 1			279,000.00	278,302.60	Oct-15-03	8.400%	CA - 87.19%	Paid Off - 360	May-12-03
45520756 1			74,400.00	74,241.82	Nov-14-03	10.350%	MA - 80.00%	Paid Off - 360	May-09-03
45373735 1			160,000.00	159,289.77	Oct-29-03	6.650%	FL - 80.00%	Paid Off - 360	Apr-02-03
45532363 1			84,000.00	83,842.05	Nov-20-03	11.700%	NY - 60.00%	Paid Off - 360	Apr-09-03
45390937 1			100,000.00	99,652.31	Nov-07-03	7.900%	MA - 38.46%	Paid Off - 360	Apr-28-03
45533163 1			154,800.00	154,129.42	Nov-19-03	8.500%	WA - 90.00%	Paid Off - 360	Apr-01-03
45400363 1			153,000.00	152,430.77	Nov-03-03	7.550%	NV - 85.00%	Paid Off - 360	Apr-11-03
45583952 1			294,500.00	292,942.02	Dec-09-03	6.700%	NJ - 95.00%	Paid Off - 360	Apr-16-03
45409794 1			127,920.00	127,368.44	Oct-15-03	6.800%	WA - 80.00%	Paid Off - 360	Apr-10-03
45601101 1			142,800.00	142,173.03	Nov-20-03	7.650%	RI - 85.00%	Paid Off - 360	Apr-14-03
45415056 1			235,000.00	234,114.09	Oct-21-03	7.500%	NY - 72.98%	Paid Off - 360	Apr-16-03
45606597 1			285,000.00	283,911.88	Dec-08-03	8.350%	CA - 75.00%	Paid Off - 360	Apr-24-03
45424199 1			238,000.00	237,197.54	Oct-23-03	8.100%	CA - 70.00%	Paid Off - 360	Apr-22-03
45649332 1			215,000.00	213,817.89	Dec-04-03	6.500%	CA - 87.05%	Paid Off - 360	Apr-23-03
45437548 1			241,200.00	240,458.97	Oct-17-03	8.500%	CA - 90.00%	Paid Off - 360	Apr-16-03
45656303 1			98,600.00	98,280.74	Dec-09-03	9.150%	IL - 85.00%	Paid Off - 360	Apr-09-03
45454923 1			174,000.00	172,108.66	Oct-27-03	6.150%	CA - 53.54%	Paid Off - 360	Apr-17-03
45657178 1			195,500.00	194,776.65	Nov-26-03	8.500%	NJ - 85.00%	Paid Off - 360	Apr-21-03
45488905 1			269,100.00	267,754.40	Oct-20-03	6.990%	CA - 90.00%	Paid Off - 360	Mar-31-03
45702792 1			228,750.00	228,068.42	Nov-13-03	8.650%	NY - 75.00%	Paid Off - 360	May-12-03
45584703 1			140,000.00	139,551.22	Oct-15-03	8.300%	CA - 57.85%	Paid Off - 360	Apr-22-03
45708682 1			84,500.00	83,708.39	Nov-14-03	7.000%	TX - 70.42%	Paid Off - 360	May-06-03
45585684 1			382,500.00	381,680.69	Oct-16-03	9.150%	NY - 90.00%	Paid Off - 360	May-05-03
45715257 1			100,400.00	100,119.11	Dec-05-03	9.850%	WI - 80.00%	Paid Off - 360	Apr-14-03
45595824 1			206,625.00	205,662.48	Oct-30-03	6.400%	IL - 95.00%	Paid Off - 360	Apr-08-03
45715687 1			246,500.00	245,267.42	Nov-19-03	6.990%	CA - 79.01%	Paid Off - 360	Apr-16-03
45612165 1			176,000.00	175,496.68	Nov-03-03	8.850%	CA - 76.52%	Paid Off - 360	Apr-30-03
45721826 1			115,200.00	114,625.52	Nov-18-03	7.050%	FL - 90.00%	Paid Off - 360	Apr-23-03
45644408 1			172,800.00	172,124.48	Nov-10-03	7.300%	MN - 90.00%	Paid Off - 360	Apr-30-03
45743184 1			121,000.00	120,422.93	Nov-17-03	7.250%	CA - 68.36%	Paid Off - 360	Apr-14-03
45720984 1			180,000.00	179,336.96	Oct-21-03	7.600%	CA - 90.00%	Paid Off - 360	Apr-21-03
45745338 1			169,000.00	165,543.30	Dec-02-03	6.750%	CA - 82.84%	Paid Off - 180	Apr-28-03
45782885 1			241,200.00	240,517.34	Nov-04-03	8.900%	FL - 90.00%	Paid Off - 360	Apr-18-03
45746658 1			226,350.00	225,385.52	Nov-13-03	7.800%	CA - 90.00%	Paid Off - 360	Apr-11-03
45794450 1			147,000.00	146,418.97	Nov-03-03	7.250%	MA - 69.67%	Paid Off - 360	Apr-30-03
45773777 1			89,600.00	89,139.54	Nov-14-03	6.850%	FL - 77.91%	Paid Off - 360	Apr-25-03
45850401 1			300,000.00	299,115.27	Oct-13-03	8.700%	MA - 56.08%	Paid Off - 360	Apr-28-03
45787371 1			66,950.00	66,618.87	Dec-03-03	7.050%	AZ - 65.00%	Paid Off - 360	May-02-03
45889987 1			100,000.00	99,656.53	Oct-31-03	7.950%	AZ - 80.00%	Paid Off - 360	Apr-21-03
45804978 1			266,250.00	265,115.50	Nov-24-03	7.800%	CA - 75.00%	Paid Off - 360	Apr-18-03
45921830 1			220,000.00	219,173.33	Oct-20-03	7.500%	IL - 80.00%	Paid Off - 360	Apr-29-03
45829561 1			172,000.00	171,132.47	Nov-20-03	6.950%	CA - 58.31%	Paid Off - 360	Apr-25-03
45971975 1			176,130.00	175,468.19	Nov-03-03	7.500%	CA - 95.00%	Paid Off - 360	Apr-16-03
45837184 1			213,500.00	212,590.10	Nov-14-03	7.800%	CA - 70.00%	Paid Off - 360	Apr-25-03
46014866 1			176,250.00	175,781.17	Oct-29-03	9.200%	CO - 75.00%	Paid Off - 360	Apr-28-03
45841442 1			170,000.00	168,912.00	Dec-01-03	5.700%	CO - 68.00%	Paid Off - 360	Apr-24-03
46057444 1			187,000.00	186,476.13	Oct-15-03	8.950%	CA - 85.00%	Paid Off - 360	Apr-22-03
45897436 1			150,000.00	149,444.99	Dec-01-03	8.500%	CA - 76.92%	Paid Off - 360	Apr-23-03
46096954 1			95,000.00	94,704.35	Oct-30-03	8.450%	MD - 95.00%	Paid Off - 360	Apr-18-03
45907185 1			150,300.00	149,676.77	Dec-08-03	7.000%	FL - 90.00%	Paid Off - 360	May-23-03
46142311 1			70,000.00	69,803.91	Oct-15-03	8.950%	MO - 80.00%	Paid Off - 360	Apr-14-03
45907276 1			250,704.00	249,326.62	Nov-28-03	6.530%	CA - 84.98%	Paid Off - 360	Apr-23-03
46171971 1			147,000.00	146,481.27	Oct-27-03	7.850%	CA - 71.71%	Paid Off - 360	Apr-28-03
45915451 1			147,600.00	147,101.97	Nov-14-03	8.950%	FL - 90.00%	Paid Off - 360	Apr-15-03
46175675 1			85,500.00	85,141.97	Nov-04-03	6.950%	MA - 29.08%	Paid Off - 360	Apr-28-03
45925849 1			150,000.00	149,287.89	Dec-04-03	8.550%	MN - 83.33%	Paid Off - 360	Apr-15-03
46176111 1			175,000.00	171,925.86	Nov-04-03	6.500%	CA - 55.56%	Paid Off - 360	Apr-16-03
45962495 1			118,800.00	118,312.14	Dec-05-03	7.050%	NJ - 90.00%	Paid Off - 360	May-02-03
46194734 1			247,950.00	244,498.94	Nov-07-03	8.500%	MA - 95.00%	Paid Off - 360	May-16-03
45969136 1			301,500.00	300,389.42	Dec-04-03	7.600%	NY - 90.00%	Paid Off - 360	May-02-03
46228623 1			129,675.00	129,193.89	Oct-17-03	8.950%	IL - 95.00%	Paid Off - 360	May-09-03
46019378 1			216,600.00	215,700.06	Dec-01-03	6.990%	NV - 95.00%	Paid Off - 360	May-29-03
46270658 1			75,000.00	74,726.46	Oct-29-03	7.650%	MI - 71.43%	Paid Off - 360	Apr-29-03
46026910 1			166,500.00	165,761.67	Dec-09-03	7.600%	CA - 90.00%	Paid Off - 360	Apr-15-03
46419040 1			269,454.00	268,441.51	Oct-21-03	7.500%	CA - 79.99%	Paid Off - 360	Apr-23-03
46033833 1			241,400.00	240,411.79	Nov-28-03	8.000%	CA - 85.00%	Paid Off - 360	Apr-16-03
46422168 1			171,000.00	170,304.65	Oct-28-03	7.100%	IL - 95.00%	Paid Off - 360	Apr-30-03
46115309 1			210,200.00	209,295.35	Dec-05-03	7.750%	CA - 77.28%	Paid Off - 360	Apr-25-03
46424057 1			358,200.00	356,879.72	Oct-16-03	7.600%	MA - 90.00%	Paid Off - 360	Apr-30-03
46125761 1			92,000.00	91,731.43	Nov-28-03	8.750%	ID - 80.00%	Paid Off - 360	May-08-03
46437869 1			172,250.00	171,684.51	Oct-20-03	8.200%	CA - 65.00%	Paid Off - 360	Apr-24-03
46176913 1			161,500.00	160,291.04	Nov-17-03	5.900%	NY - 95.00%	Paid Off - 360	Apr-14-03
46451621 1			150,000.00	149,536.93	Oct-20-03	7.350%	IL - 61.22%	Paid Off - 360	May-09-03
46179719 1			198,000.00	197,203.62	Dec-01-03	8.250%	CA - 90.00%	Paid Off - 360	Apr-24-03
46507158 1			171,000.00	170,351.02	Oct-27-03	6.450%	CA - 90.00%	Paid Off - 360	May-08-03
46194569 1			297,000.00	295,734.47	Nov-14-03	7.800%	CA - 90.00%	Paid Off - 360	Apr-21-03
46510962 1			241,500.00	240,407.08	Oct-30-03	6.550%	MA - 68.41%	Paid Off - 360	Apr-30-03
46199675 1			286,000.00	284,693.48	Dec-10-03	7.450%	MD - 60.21%	Paid Off - 360	Apr-21-03
46528501 1			178,500.00	177,868.24	Nov-06-03	7.800%	NY - 85.00%	Paid Off - 360	Apr-24-03
46243226 1			148,750.00	147,928.87	Dec-03-03	7.950%	CA - 85.00%	Paid Off - 360	Apr-17-03
46554614 1			223,000.00	222,210.71	Nov-04-03	7.800%	CA - 68.62%	Paid Off - 360	Apr-24-03
46247581 1			184,000.00	183,462.62	Nov-28-03	9.650%	CA - 80.00%	Paid Off - 360	Apr-23-03
46617577 1			169,000.00	168,501.58	Oct-27-03	8.700%	MA - 68.70%	Paid Off - 360	Apr-28-03
46254595 1			205,000.00	203,872.89	Nov-14-03	6.500%	CA - 71.93%	Paid Off - 360	Apr-24-03
46631487 1			184,500.00	183,800.98	Nov-04-03	6.300%	MA - 90.00%	Paid Off - 360	May-12-03
46287280 1			145,000.00	144,375.95	Nov-28-03	7.750%	WA - 69.05%	Paid Off - 360	Apr-30-03
46650115 1			206,100.00	205,479.57	Oct-28-03	8.600%	IL - 90.00%	Paid Off - 360	Apr-30-03
46295648 1			64,000.00	63,658.14	Dec-05-03	6.650%	FL - 25.60%	Paid Off - 360	Apr-21-03
46680625 1			260,000.00	259,168.04	Oct-31-03	8.300%	NY - 80.00%	Paid Off - 360	Apr-28-03
46296901 1			180,000.00	179,277.81	Dec-05-03	8.100%	MD - 90.00%	Paid Off - 360	Apr-28-03
46714325 1			128,250.00	127,763.29	Oct-31-03	7.450%	WA - 95.00%	Paid Off - 360	Apr-30-03
46308987 1			195,000.00	194,026.87	Dec-04-03	7.000%	CA - 75.00%	Paid Off - 360	Apr-25-03
46731279 1			121,500.00	121,153.62	Nov-04-03	7.750%	FL - 89.34%	Paid Off - 360	May-12-03
46357349 1			144,500.00	143,884.25	Dec-04-03	7.800%	CA - 85.00%	Paid Off - 360	Apr-23-03
46773537 1			208,000.00	207,347.78	Oct-21-03	8.400%	IL - 69.33%	Paid Off - 360	Apr-30-03
46363990 1			168,000.00	167,372.06	Dec-01-03	8.450%	MA - 68.57%	Paid Off - 360	Apr-22-03
46807798 1			92,300.00	91,905.87	Nov-03-03	6.850%	UT - 65.00%	Paid Off - 360	Apr-30-03
46365755 1			231,200.00	230,046.21	Nov-20-03	7.000%	CA - 80.00%	Paid Off - 360	May-05-03
46812038 1			89,100.00	88,862.99	Nov-04-03	9.200%	PA - 90.00%	Paid Off - 360	Apr-30-03
46371431 1			270,000.00	269,034.76	Dec-08-03	7.750%	MA - 73.77%	Paid Off - 360	May-02-03
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 20 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	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
46832978 1			86,850.00	86,592.31	Oct-31-03	7.550%	FL - 90.00%	Paid Off - 360	May-07-03
46381067 1			94,350.00	93,831.74	Dec-08-03	6.900%	MO - 85.00%	Paid Off - 360	Apr-30-03
46850236 1			188,700.00	187,906.28	Oct-29-03	7.063%	CA - 85.00%	Paid Off - 360	Apr-30-03
46383790 1			273,500.00	271,876.84	Nov-12-03	6.100%	CA - 72.93%	Paid Off - 360	Apr-29-03
46971719 1			232,500.00	231,668.84	Oct-30-03	7.750%	NY - 75.00%	Paid Off - 360	May-12-03
46423893 1			216,000.00	214,953.25	Dec-05-03	7.150%	CA - 77.70%	Paid Off - 360	Apr-30-03
47099841 1			220,500.00	219,812.50	Nov-06-03	7.300%	CO - 90.00%	Paid Off - 360	May-07-03
46425914 1			270,000.00	268,529.68	Nov-12-03	6.550%	MD - 90.00%	Paid Off - 360	Apr-22-03
47110325 1			239,967.00	163,625.37	Oct-20-03	6.000%	MN - 90.00%	Paid Off - 360	May-06-03
46450144 1			108,000.00	107,377.06	Nov-13-03	6.250%	CA - 55.10%	Paid Off - 360	Apr-30-03
47200902 1			103,500.00	103,266.53	Oct-17-03	8.900%	MN - 90.00%	Paid Off - 360	May-06-03
46498051 1			67,500.00	67,296.80	Nov-14-03	8.600%	AL - 90.00%	Paid Off - 360	May-13-03
47295837 1			137,500.00	137,119.66	Oct-31-03	7.900%	CT - 86.48%	Paid Off - 360	May-12-03
46501888 1			129,000.00	128,552.49	Dec-04-03	7.900%	RI - 88.97%	Paid Off - 360	May-06-03
47428438 1			245,000.00	244,349.09	Oct-31-03	8.100%	CA - 72.06%	Paid Off - 360	May-15-03
46512240 1			157,500.00	156,766.12	Nov-21-03	7.350%	IL - 90.00%	Paid Off - 360	Apr-21-03
47506449 1			246,500.00	245,683.06	Oct-31-03	6.990%	CA - 85.00%	Paid Off - 360	May-19-03
46518064 1			171,000.00	170,324.87	Nov-24-03	7.250%	CA - 90.00%	Paid Off - 360	May-07-03
47614383 1			72,000.00	71,827.23	Nov-10-03	8.600%	OH - 90.00%	Paid Off - 360	May-16-03
46529947 1			237,500.00	236,477.86	Dec-03-03	7.750%	CA - 95.00%	Paid Off - 360	Apr-30-03
47775804 1			154,000.00	153,670.13	Oct-29-03	9.150%	MI - 88.00%	Paid Off - 360	May-29-03
46533147 1			85,600.00	85,299.04	Nov-26-03	8.750%	OH - 80.00%	Paid Off - 360	Apr-23-03
47829189 1			69,825.00	69,648.68	Oct-29-03	8.350%	MO - 95.00%	Paid Off - 360	May-23-03
46579124 1			286,900.00	287,114.81	Dec-03-03	7.850%	MN - 95.00%	Paid Off - 360	Apr-25-03
47831946 1			228,000.00	227,330.23	Nov-05-03	7.600%	CA - 64.77%	Paid Off - 360	May-23-03
46632436 1			265,500.00	264,578.97	Dec-02-03	7.900%	CA - 82.97%	Paid Off - 360	May-16-03
47945688 1			212,000.00	211,204.48	Oct-21-03	6.350%	NY - 80.00%	Paid Off - 360	May-28-03
46634416 1			147,200.00	146,500.48	Nov-14-03	7.250%	MA - 80.00%	Paid Off - 360	Apr-29-03
48100572 1			152,460.00	152,101.59	Oct-24-03	8.700%	NV - 90.00%	Paid Off - 360	May-29-03
46637914 1			275,500.00	274,302.42	Nov-28-03	7.700%	NJ - 95.00%	Paid Off - 360	May-12-03
43834993 2			323,000.00	320,922.50	Oct-23-03	6.500%	CA - 95.00%	Paid Off - 360	Feb-24-03
46659611 1			188,000.00	187,300.56	Dec-09-03	7.550%	CA - 80.00%	Paid Off - 360	May-08-03
43997675 2			500,000.00	497,946.93	Nov-04-03	7.050%	IL - 53.76%	Paid Off - 360	Apr-24-03
46684650 1			131,250.00	130,894.25	Nov-17-03	10.000%	CA - 75.00%	Paid Off - 360	Apr-23-03
44429447 2			500,000.00	498,083.68	Nov-04-03	7.400%	CA - 77.04%	Paid Off - 360	Apr-21-03
46719753 1			211,250.00	209,752.76	Nov-13-03	5.150%	CA - 65.00%	Paid Off - 360	Apr-30-03
44906931 2			182,750.00	182,222.41	Nov-03-03	9.700%	MA - 85.00%	Paid Off - 360	Apr-02-03
46765053 1			128,000.00	126,775.12	Dec-05-03	7.350%	NV - 80.00%	Paid Off - 240	May-09-03
45045887 2			198,750.00	198,310.18	Nov-04-03	10.950%	MA - 75.00%	Paid Off - 360	Apr-02-03
46799169 1			208,000.00	207,068.46	Nov-26-03	7.550%	CA - 80.00%	Paid Off - 360	Apr-30-03
45066487 2			500,000.00	497,890.67	Oct-23-03	7.850%	CA - 69.93%	Paid Off - 360	Apr-07-03
46807848 1			113,000.00	112,835.22	Nov-20-03	12.850%	CA - 37.05%	Paid Off - 360	Apr-30-03
45200532 2			324,000.00	322,887.26	Nov-07-03	7.950%	NY - 80.00%	Paid Off - 360	Apr-15-03
46809521 1			265,500.00	264,451.82	Dec-10-03	7.250%	CA - 90.00%	Paid Off - 360	May-09-03
45338241 2			230,000.00	229,522.49	Oct-21-03	9.300%	NJ - 57.50%	Paid Off - 360	May-07-03
46893020 1			61,200.00	60,980.38	Dec-08-03	8.650%	MI - 90.00%	Paid Off - 360	Apr-30-03
45435468 2			333,000.00	331,736.29	Oct-17-03	7.450%	CA - 92.50%	Paid Off - 360	Apr-09-03
46901161 1			250,000.00	248,485.08	Nov-28-03	5.990%	CA - 76.92%	Paid Off - 360	Apr-30-03
45538253 2			357,200.00	355,761.75	Oct-21-03	7.150%	MN - 95.00%	Paid Off - 360	Apr-11-03
46954418 1			64,800.00	64,616.60	Dec-10-03	8.900%	AL - 90.00%	Paid Off - 360	May-02-03
45717659 2			120,000.00	119,562.39	Oct-16-03	9.000%	MO - 80.00%	Paid Off - 360	Apr-21-03
47030945 1			193,800.00	192,949.16	Dec-05-03	7.650%	CA - 95.00%	Paid Off - 360	May-07-03
45763042 2			225,000.00	224,565.90	Oct-27-03	9.650%	IL - 90.00%	Paid Off - 360	May-07-03
47103130 1			284,750.00	283,510.28	Nov-17-03	6.750%	CA - 85.00%	Paid Off - 360	May-20-03
45793494 2			159,200.00	158,826.46	Oct-14-03	9.800%	FL - 80.00%	Paid Off - 360	Apr-18-03
47243431 1			71,910.00	71,702.23	Nov-24-03	8.800%	NV - 90.00%	Paid Off - 360	May-29-03
46103164 2			158,250.00	157,850.25	Oct-22-03	9.600%	UT - 75.00%	Paid Off - 360	Apr-17-03
47309331 1			206,250.00	205,394.76	Nov-17-03	7.000%	CA - 75.00%	Paid Off - 360	May-29-03
46189916 2			382,500.00	381,132.61	Nov-04-03	7.750%	CA - 90.00%	Paid Off - 360	Apr-28-03
47333364 1			236,000.00	234,972.51	Nov-21-03	6.750%	IL - 82.81%	Paid Off - 360	May-20-03
46297214 2			124,000.00	123,659.74	Oct-24-03	9.050%	IL - 85.52%	Paid Off - 360	Apr-30-03
47354899 1			235,000.00	234,015.98	Nov-17-03	6.950%	CT - 72.31%	Paid Off - 360	May-20-03
46302113 2			380,000.00	378,543.56	Oct-31-03	7.400%	CA - 95.00%	Paid Off - 360	Apr-28-03
47612080 1			174,000.00	173,159.12	Dec-01-03	6.650%	CA - 88.33%	Paid Off - 360	May-15-03
46359105 2			500,000.00	498,383.73	Oct-15-03	8.250%	IL - 63.37%	Paid Off - 360	Apr-30-03
47641105 1			225,150.00	224,159.81	Nov-19-03	7.450%	CA - 95.00%	Paid Off - 360	May-28-03
46382008 2			435,000.00	433,050.33	Oct-22-03	6.600%	CA - 69.94%	Paid Off - 360	May-02-03
47685003 1			226,000.00	225,183.98	Nov-19-03	7.700%	NY - 66.47%	Paid Off - 360	May-20-03
46788865 2			90,000.00	89,862.61	Nov-03-03	10.750%	RI - 61.22%	Paid Off - 360	May-05-03
47806104 1			281,970.00	280,538.88	Nov-19-03	5.950%	CA - 89.03%	Paid Off - 360	May-30-03
47178850 2			335,000.00	333,653.39	Oct-21-03	5.990%	CA - 89.33%	Paid Off - 360	May-16-03
47884135 1			125,000.00	124,455.79	Nov-19-03	6.750%	CA - 84.46%	Paid Off - 360	May-28-03
47300496 2			363,000.00	362,035.61	Oct-31-03	8.100%	CA - 88.97%	Paid Off - 360	May-28-03
48317143 1			270,400.00	269,037.96	Nov-25-03	5.990%	CA - 80.00%	Paid Off - 360	May-30-03
47353362 2			120,000.00	119,726.47	Oct-29-03	8.850%	MO - 80.00%	Paid Off - 360	May-22-03
41826710 2			383,000.00	379,649.99	Nov-21-03	6.800%	FL - 72.95%	Paid Off - 360	Dec-26-02
47506878 2			79,000.00	78,810.44	Nov-10-03	8.600%	MI - 60.77%	Paid Off - 360	May-29-03
43333160 2			500,000.00	497,693.30	Nov-18-03	7.400%	NH - 83.33%	Paid Off - 360	Apr-07-03
47888201 2			399,000.00	397,768.25	Oct-31-03	7.350%	CA - 95.00%	Paid Off - 360	May-22-03
43492818 2			215,650.00	213,786.06	Nov-25-03	7.990%	NJ - 95.00%	Paid Off - 360	Apr-01-03
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
43971613 2			373,600.00	371,414.15	Nov-26-03	6.990%	CA - 80.00%	Paid Off - 360	Mar-17-03
44486165 2			235,600.00	234,926.94	Nov-21-03	9.750%	NJ - 95.00%	Paid Off - 360	Apr-30-03
44486496 2			205,200.00	204,308.01	Nov-14-03	7.700%	CA - 95.00%	Paid Off - 360	Apr-22-03
44712099 2			84,500.00	84,237.51	Nov-26-03	9.350%	OH - 65.00%	Paid Off - 360	Apr-11-03
45689510 2			60,000.00	59,811.64	Nov-26-03	9.300%	IL - 42.86%	Paid Off - 360	Apr-09-03
45796570 2			352,800.00	351,546.95	Nov-19-03	8.700%	NY - 90.00%	Paid Off - 360	Apr-24-03
45909058 2			232,700.00	231,536.44	Nov-28-03	6.990%	OH - 88.82%	Paid Off - 360	Apr-16-03
46050753 2			450,000.00	447,882.62	Nov-19-03	7.300%	CA - 81.82%	Paid Off - 360	Apr-18-03
46119137 2			119,000.00	118,539.37	Dec-01-03	7.350%	FL - 89.47%	Paid Off - 360	May-06-03
46235388 2			205,000.00	204,489.51	Nov-20-03	10.400%	IL - 87.61%	Paid Off - 360	Apr-21-03
46337333 2			444,000.00	442,126.93	Dec-02-03	7.850%	NY - 80.00%	Paid Off - 360	Apr-28-03
46365771 2			300,000.00	299,284.27	Dec-10-03	10.600%	NY - 57.69%	Paid Off - 360	Apr-30-03
					Page 21 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	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
46429957 2			357,000.00	355,165.54	Nov-28-03	6.850%	CA - 85.00%	Paid Off - 360	Apr-21-03
46458337 2			145,000.00	144,219.01	Nov-24-03	6.800%	CA - 29.00%	Paid Off - 360	Apr-23-03
46485694 2			161,000.00	160,264.33	Nov-20-03	6.500%	CA - 70.00%	Paid Off - 360	May-09-03
46611125 2			152,000.00	151,631.93	Dec-02-03	9.650%	MN - 80.00%	Paid Off - 360	May-05-03
46635264 2			165,000.00	164,543.00	Dec-10-03	11.200%	MO - 62.26%	Paid Off - 360	Apr-28-03
46726972 2			495,000.00	493,494.69	Nov-28-03	8.550%	NV - 90.00%	Paid Off - 360	May-21-03
46729000 2			414,000.00	411,723.51	Dec-09-03	6.500%	CA - 90.00%	Paid Off - 360	Apr-29-03
46800074 2			416,000.00	415,149.75	Dec-08-03	10.450%	CA - 65.00%	Paid Off - 360	May-05-03
46910246 2			93,500.00	93,165.45	Dec-10-03	9.550%	OH - 85.00%	Paid Off - 360	May-09-03
46995585 2			499,000.00	497,087.49	Dec-03-03	7.400%	CA - 84.58%	Paid Off - 360	May-07-03
47303839 2			350,000.00	348,400.73	Nov-12-03	6.500%	CA - 94.60%	Paid Off - 360	May-13-03
47949334 2			75,000.00	74,886.82	Dec-02-03	11.850%	MI - 60.00%	Paid Off - 360	May-28-03
46373486 1			110,000.00	109,610.11	Dec-02-03	7.850%	FL - 52.38%	Repur/Subs - 360	May-12-03
					Page 22 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						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.
	Cumulative Loss Percentage							0.0000%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 23 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					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 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 24 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1
	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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 25 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for November 25, 2003 Distribution
	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
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 27				© COPYRIGHT 2003 Deutsche Bank
					Page 26 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	1. Does (A) exceed (B)?							No
	(A) Delinquency Percentage (quotient of (x) over (y))							12.6233%
	(x) 60+ Day Delinq. Loans (incl. FCLs, REOs & BKs)							2636,~~218~~978,~~309~~493.4793
	(y) Stated Principal Balance of the Mortgage Loans							1,~~618~~585,~~957~~964,~~566~~568.8423
	(B) 16.50%							16.5000%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.0000%
	(x) Aggregate Realized Losses to date							0.00
	(y) Cut-off Date Principal Bal. of the Mortgage Loans							1,700,000,000.00
	(B) Applicable Percentage							100.0000%
	Credit Enhancement Percentage							16.~~2759~~6145%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
				Page 26 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 27 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Other Related Information for November 25, 2003 Distribution
	Other Related Information for December 26, 2003 Distribution
	Other Related Information
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Amt: Class A-1							0.00
	Net WAC Rate Carryover Amt: Class A-2							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 M-6							0.00
	Net WAC Rate Carryover Amt: Class A-1 Unpaid							0.00
	Net WAC Rate Carryover Amt: Class A-2 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
	Net WAC Rate Carryover Amt: Class M-6 Unpaid							0.00
				Page 27 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 28 of 28				© COPYRIGHT 2003 Deutsche Bank

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