
                                      UNITED STATES
                           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):  September 27, 2004
                          (Date of earliest event reported):

                Argent Securities Inc. (as Depositor under the Pooling
         and Servicing Agreement, dated as February 1, 2004, providing for the
          issuance of Asset-Backed Pass-Through Certificates, Series 2004-W1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-109164-02                         77-0599834
          (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


(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  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 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     September 27, 2004.

                                    Signatures

               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Argent Mortgage Securities
                                  Inc., Registrant


          Date:  Sep 27, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of September 27, 2004.


	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates


	September 27, 2004 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				24
			12.	Realized Loss Detail Report				27
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				28
			14.	Other Related Information				29



				Total Number of Pages				29



			CONTACTS

				Administrator:
				Direct Phone Number:
				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 Mtg Sec Inc					Cut-Off Date: February 1, 2004
	Certificate Insurer(s):							Closing Date: February 5, 2004
								First Payment Date: March 25, 2004
	Servicer(s):		Ameriquest Mtg Sec Inc Master Servicer


								Distribution Date: September 27, 2004
	Underwriter(s):		UBS Investment Bank Lead Underwriter					Record Date: September 24, 2004
			Morgan Stanley & Co. Inc Lead Underwriter					August 31, 2004






						Page 1 of 29					© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for September 27, 2004 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

AV-1	FLT, STEP,	633,759,000.00			553,278,146.62	945,875.10	23,808,543.29	24,754,418.39	-	-	529,469,603.33
AV-2	STEP, FLT	186,419,000.00			155,952,093.70	276,620.03	6,852,225.62	7,128,845.65	-	-	149,099,868.08
AV-3	FLT, STEP	84,470,000.00			64,158,947.05	106,156.32	4,568,101.40	4,674,257.72	-	-	59,590,845.65
AV-4	FLT, STEP	39,808,000.00			39,808,000.00	75,353.23	-	75,353.23	-	-	39,808,000.00
AF	STEP, AFC,	78,644,000.00			72,678,514.37	236,386.87	1,626,399.50	1,862,786.37	-	-	71,052,114.87
M-1	MEZ, FLT, S	84,500,000.00			84,500,000.00	171,570.21	-	171,570.21	-	-	84,500,000.00
M-2	MEZ, FLT, S	71,500,000.00			71,500,000.00	189,743.13	-	189,743.13	-	-	71,500,000.00
M-3	MEZ, FLT, S	22,750,000.00			22,750,000.00	63,918.02	-	63,918.02	-	-	22,750,000.00
M-4	MEZ, FLT, S	19,500,000.00			19,500,000.00	60,149.38	-	60,149.38	-	-	19,500,000.00
M-5	MEZ, FLT, S	16,250,000.00			16,250,000.00	52,358.85	-	52,358.85	-	-	16,250,000.00
M-6	MEZ, FLT, S	15,600,000.00			15,600,000.00	73,144.50	-	73,144.50	-	-	15,600,000.00
M-7	MEZ, STEP,	17,550,000.00			17,550,000.00	78,265.69	-	78,265.69	-	-	17,550,000.00
CE	SUB,EXE	29,248,567.87			29,249,970.03	4,026,772.49	-	4,026,772.49	-	-	29,249,970.03
P	SUB	100.00			100.00	720,386.88	-	720,386.88	-	-	100.00
R	R	-			-	-	-	-	-	-	-
R-X	R	-			-	-	-	-	-	-	-


Total		1,299,998,667.87			1,162,775,771.77	7,076,700.70	36,855,269.81	43,931,970.51	-	-	1,125,920,501.96


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

AV-1	08/25/04	09/26/04		A-Act/360	040104FG1	633,759,000.00	873.010319	1.492484	37.567188	39.059672	835.443131
AV-2	08/25/04	09/26/04		A-Act/360	040104EW7	186,419,000.00	836.567591	1.483862	36.757120	38.240982	799.810470
AV-3	08/25/04	09/26/04		A-Act/360	040104EX5	84,470,000.00	759.547142	1.256734	54.079571	55.336305	705.467570
AV-4	08/25/04	09/26/04		A-Act/360	040104EY3	39,808,000.00	1,000.000000	1.892917	-	1.892917	1,000.000000
AF	08/25/04	09/26/04		F-30/360	040104EZ0	78,644,000.00	924.145699	3.005784	20.680529	23.686313	903.465171
M-1	08/25/04	09/26/04		A-Act/360	040104FA4	84,500,000.00	1,000.000000	2.030417	-	2.030417	1,000.000000
M-2	08/25/04	09/26/04		A-Act/360	040104FB2	71,500,000.00	1,000.000000	2.653750	-	2.653750	1,000.000000
M-3	08/25/04	09/26/04		A-Act/360	040104FC0	22,750,000.00	1,000.000000	2.809583	-	2.809583	1,000.000000
M-4	08/25/04	09/26/04		A-Act/360	040104FD8	19,500,000.00	1,000.000000	3.084584	-	3.084584	1,000.000000
M-5	08/25/04	09/26/04		A-Act/360	040104FE6	16,250,000.00	1,000.000000	3.222083	-	3.222083	1,000.000000
M-6	08/25/04	09/26/04		A-Act/360	040104FF3	15,600,000.00	1,000.000000	4.688750	-	4.688750	1,000.000000
M-7	08/25/04	09/26/04		A-Act/360	040104FH9	17,550,000.00	1,000.000000	4.459583	-	4.459583	1,000.000000
CE				A-Act/360		29,248,567.87	1,000.047939	137.674176	-	137.674176	1,000.047939
P				-		100.00	1,000.000000	7,203,868.800000	-	7,203,868.800000	1,000.000000
R				-		-	-	-	-	-	-
R-X				-		-	-	-	-	-	-


							Page 2 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for September 27, 2004 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

AV-1	633,759,000.00		5,846,427.40		99,803,247.31	4,486,149.36	104,289,396.67	110,135,824.07	-	-	529,469,603.33
AV-2	186,419,000.00		1,766,008.87		35,639,744.00	1,679,387.92	37,319,131.92	39,085,140.79	-	-	149,099,868.08
AV-3	84,470,000.00		706,498.39		23,759,574.43	1,119,579.92	24,879,154.35	25,585,652.74	-	-	59,590,845.65
AV-4	39,808,000.00		439,684.88		-	-	-	439,684.88	-	-	39,808,000.00
AF	78,644,000.00		1,729,625.86		7,249,300.08	342,585.05	7,591,885.13	9,321,510.99	-	-	71,052,114.87
M-1	84,500,000.00		1,016,053.83		-	-	-	1,016,053.83	-	-	84,500,000.00
M-2	71,500,000.00		1,177,118.42		-	-	-	1,177,118.42	-	-	71,500,000.00
M-3	22,750,000.00		399,783.85		-	-	-	399,783.85	-	-	22,750,000.00
M-4	19,500,000.00		380,859.38		-	-	-	380,859.38	-	-	19,500,000.00
M-5	16,250,000.00		333,294.27		-	-	-	333,294.27	-	-	16,250,000.00
M-6	15,600,000.00		482,895.83		-	-	-	482,895.83	-	-	15,600,000.00
M-7	17,550,000.00		514,617.19		-	-	-	514,617.19	-	-	17,550,000.00
CE	29,248,567.87		32,905,527.79		-	-	-	32,905,527.79	-	1,402.16	29,249,970.03
P	100.00		2,744,044.21		-	-	-	2,744,044.21	-	-	100.00
R	-		-		-	-	-	-	-	-	-
R-X	-		-		-	-	-	-	-	-	-


Total	1,299,998,667.87		50,442,440.17		166,451,865.82	7,627,702.25	174,079,568.07	224,522,008.24	-	1,402.16	1,125,920,501.96


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

AV-1	1.86500%	553,278,146.62			945,875.10	-	-	-	945,875.10	945,875.10	-
AV-2	1.93500%	155,952,093.70			276,620.03	-	-	-	276,620.03	276,620.03	-
AV-3	1.80500%	64,158,947.05			106,156.32	-	-	-	106,156.32	106,156.32	-
AV-4	2.06500%	39,808,000.00			75,353.23	-	-	-	75,353.23	75,353.23	-
AF	3.90300%	72,678,514.37			236,386.87	-	-	-	236,386.87	236,386.87	-
M-1	2.21500%	84,500,000.00			171,570.21	-	-	-	171,570.21	171,570.21	-
M-2	2.89500%	71,500,000.00			189,743.13	-	-	-	189,743.13	189,743.13	-
M-3	3.06500%	22,750,000.00			63,918.02	-	-	-	63,918.02	63,918.02	-
M-4	3.36500%	19,500,000.00			60,149.38	-	-	-	60,149.38	60,149.38	-
M-5	3.51500%	16,250,000.00			52,358.85	-	-	-	52,358.85	52,358.85	-
M-6	5.11500%	15,600,000.00			73,144.50	-	-	-	73,144.50	73,144.50	-
M-7	4.86500%	17,550,000.00			78,265.69	-	-	-	78,265.69	78,265.69	-
CE	4.18423%	29,249,970.03			4,026,772.49	-	-	-	4,026,772.49	4,026,772.49	-
P		100.00			720,386.88	-	-	-	720,386.88	720,386.88	-
R		-			-	-	-	-	-	-	-
R-X		-			-	-	-	-	-	-	-


Total		1,162,775,771.77			7,076,700.70	-	-	-	7,076,700.70	7,076,700.70	-


							Page 3 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Principal Collections				1,626,399.50	11,420,327.02	23,808,544.42	36,855,270.94
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				1,626,399.50	11,420,327.02	23,808,544.42	36,855,270.94

	Interest Collections				505,069.37	1,930,530.82	4,298,769.33	6,734,369.52
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	1.13	1.13
	Interest Fees				(28,724.86)	(106,178.20)	(215,489.86)	(350,392.93)
	TOTAL NET INTEREST				476,344.51	1,824,352.62	4,083,280.60	6,383,977.72
	Prepayment Penalties							720,386.88
	Certificate Insurer Premium							(27,663.91)

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				2,102,744.01	13,244,679.64	27,891,825.02	43,931,970.51


PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received				99,199.35	315,147.02	619,402.00	1,033,748.37
	Prepayments In Full				1,519,720.88	11,067,856.95	23,163,778.65	35,751,356.48
	Curtailments				7,479.27	37,323.05	25,362.64	70,164.96
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0.00	0.00	0.00	0.00
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(27,227.65)	(82,115.36)	(181,755.60)	(291,098.61)
	Advanced Principal				27,227.65	82,115.36	181,755.60	291,098.61

	TOTAL PRINCIPAL COLLECTED				1,626,399.50	11,420,327.02	23,808,544.42	36,855,270.94


				Page 4 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL				0.00	0.00	0.00	0.00


INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Interest				515,629.48	1,968,179.65	4,386,304.63	6,870,113.76
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Relief Act Interest Shortfalls				0.00	0.00	0.00	0.00
	Prepayment Interest Shortfalls				(1,164.62)	(7,215.36)	(14,468.56)	(22,848.54)
	Compensating Interest				1,164.62	7,215.36	14,468.56	22,848.54
	Delinquent Interest				(139,471.69)	(529,860.36)	(1,290,401.18)	(1,959,733.23)
	Interest Advanced				128,911.58	492,211.53	1,202,865.88	1,823,988.99

	TOTAL INTEREST COLLECTED				505,069.37	1,930,530.82	4,298,769.33	6,734,369.52


				Page 5 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL

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

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Prepayment Charges							720,386.88
	Master Servicer Prepayment Charges				0.00	0.00	0.00	0.00
	Reserve Fund Interest				0.00	0.00	1.13	1.13
	Capitalized Interest Deposit				0.00	0.00	0.00	0.00
	Realized Gains				0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER ACCOUNTS				0.00	0.00	1.13	720,388.01


INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				28,591.74	105,690.85	214,463.07	348,745.66

	Trustee Fee				133.12	487.35	1,026.79	1,647.27
	PMI Fees				0.00	0.00	0.00	0.00


	TOTAL INTEREST OTHER FEES				28,724.86	106,178.20	215,489.86	350,392.93


				Page 6 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for September 27, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Net WAC Rate Carryover Reserve Account							1,000.00


INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Overcollateralized Amount							29,249,970.03
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							0.00
	Overcollateralization Target Amount							29,249,970.03
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							0.00


				Page 7 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Collateral Report for September 27, 2004 Distribution


	Collateral Report


COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*				434	1593	5104	7131
	Prior				415	1,416	4,681	6,512
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(7)	(34)	(130)	(171)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				408	1,382	4,551	6,341

	*Principal Balance:*
	Original				99,928,970.96	394,785,555.83	805,284,141.08	1,299,998,667.87
	Prior				93,964,434.64	344,015,253.48	724,796,083.65	1,162,775,771.77
	Prefunding				-	-	-	-
	Scheduled Principal				(99,199.35)	(315,147.02)	(619,402.00)	(1,033,748.37)
	Partial and Full Voluntary Prepayments				(1,527,200.15)	(11,105,180.00)	(23,189,141.29)	(35,821,521.44)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				92,338,035.14	332,594,926.46	700,987,540.36	1,125,920,501.96

PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Collateral Report for September 27, 2004 Distribution


	Collateral Report


CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original				6.591115%	6.926295%	7.284053%	7.122143%
	Weighted Average Coupon Prior				6.588569%	6.871104%	7.268296%	7.097025%
	Weighted Average Coupon Current				6.584995%	6.865439%	7.262133%	7.090048%
	Weighted Average Months to Maturity Original				348	354	355	354
	Weighted Average Months to Maturity Prior				343	349	349	349
	Weighted Average Months to Maturity Current				342	348	348	348
	Weighted Avg Remaining Amortization Term Original				348	354	355	354
	Weighted Avg Remaining Amortization Term Prior				342	349	349	349
	Weighted Avg Remaining Amortization Term Current				341	348	348	348
	Weighted Average Seasoning Original				1.80	1.76	1.72	1.74
	Weighted Average Seasoning Prior				6.80	6.71	6.70	6.71
	Weighted Average Seasoning Current				7.80	7.71	7.69	7.71

Note: Original information refers to deal issue.


	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Collateral Report for September 27, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					3.498%	4.216%
	Weighted Average Margin Prior					3.363%	4.171%
	Weighted Average Margin Current					3.317%	4.144%
	Weighted Average Max Rate Original				6.591%	10.526%	11.784%
	Weighted Average Max Rate Prior				6.589%	10.330%	11.714%
	Weighted Average Max Rate Current				6.585%	10.278%	11.686%
	Weighted Average Min Rate Original				6.591%	6.926%	7.284%
	Weighted Average Min Rate Prior				6.589%	6.871%	7.269%
	Weighted Average Min Rate Current				6.585%	6.865%	7.263%
	Weighted Average Cap Up Original					0.600%	0.750%
	Weighted Average Cap Up Prior					0.576%	0.741%
	Weighted Average Cap Up Current					0.569%	0.737%
	Weighted Average Cap Down Original					0.600%	0.750%
	Weighted Average Cap Down Prior					0.576%	0.741%
	Weighted Average Cap Down Current					0.569%	0.737%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				28,591.74	105,690.85	214,463.07	348,745.66
	Delinquent Servicing Fees				10,560.11	37,648.83	87,535.30	135,744.24
	TOTAL SERVICING FEES				39,151.85	143,339.68	301,998.37	484,489.90


	Compensating Interest				(1,164.62)	(7,215.36)	(14,468.56)	(22,848.54)
	Delinquent Servicing Fees				(10,560.11)	(37,648.83)	(87,535.30)	(135,744.24)
	COLLECTED SERVICING FEES				27,427.12	98,475.49	199,994.51	325,897.12
	Aggregate Advances with respect to this Distribution				156,139.23	574,326.89	1,384,621.48	2,115,087.60
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Net Prepayment Interest Shortfall				0.00	0.00	0.00	0.00

	Aggregate Relief Act Shortfalls							0.00


				Page 10 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			13,760,584.27	6,190,518.91	7,685,157.55	27,636,260.73
		% Balance			1.22%	0.55%	0.68%	2.45%
		# Loans			92	39	43	174
		% # Loans			1.45%	0.62%	0.68%	2.74%
FORECLOSURE		Balance		-	-	-	9,313,713.45	9,313,713.45
		% Balance		0.00%	0.00%	0.00%	0.83%	0.83%
		# Loans		-	-	-	60	60
		% # Loans		0.00%	0.00%	0.00%	0.95%	0.95%
BANKRUPTCY		Balance		3,439,697.98	689,010.17	1,141,320.48	534,191.03	5,804,219.66
		% Balance		0.31%	0.06%	0.10%	0.05%	0.52%
		# Loans		21	4	6	4	35
		% # Loans		0.33%	0.06%	0.09%	0.06%	0.55%
REO		Balance		-	-	-	131,527.44	131,527.44
		% Balance		0.00%	0.00%	0.00%	0.01%	0.01%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.03%	0.03%

TOTAL		Balance		3,439,697.98	14,449,594.44	7,331,839.39	17,664,589.47	42,885,721.28
		% Balance		0.31%	1.28%	0.65%	1.57%	3.81%
		# Loans		21	96	45	109	271
		% # Loans		0.33%	1.51%	0.71%	1.72%	4.27%
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 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			10,338,830.26	5,057,783.52	5,036,596.56	20,433,210.34
		% Balance			1.47%	0.72%	0.72%	2.91%
		# Loans			72	35	35	142
		% # Loans			1.58%	0.77%	0.77%	3.12%
FORECLOSURE		Balance		-	-	-	6,687,884.68	6,687,884.68
		% Balance		0.00%	0.00%	0.00%	0.95%	0.95%
		# Loans		-	-	-	47	47
		% # Loans		0.00%	0.00%	0.00%	1.03%	1.03%
BANKRUPTCY		Balance		2,663,713.22	247,020.09	444,096.46	218,575.77	3,573,405.54
		% Balance		0.38%	0.04%	0.06%	0.03%	0.51%
		# Loans		18	3	3	2	26
		% # Loans		0.40%	0.07%	0.07%	0.04%	0.57%
REO		Balance		-	-	-	131,527.44	131,527.44
		% Balance		0.00%	0.00%	0.00%	0.02%	0.02%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.04%	0.04%

TOTAL		Balance		2,663,713.22	10,585,850.35	5,501,879.98	12,074,584.45	30,826,028.00
		% Balance		0.38%	1.51%	0.78%	1.72%	4.40%
		# Loans		18	75	38	86	217
		% # Loans		0.40%	1.65%	0.83%	1.89%	4.77%
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 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2,797,596.09	1,132,735.39	2,648,560.99	6,578,892.47
		% Balance			0.84%	0.34%	0.80%	1.98%
		# Loans			16	4	8	28
		% # Loans			1.16%	0.29%	0.58%	2.03%
FORECLOSURE		Balance		-	-	-	2,625,828.77	2,625,828.77
		% Balance		0.00%	0.00%	0.00%	0.79%	0.79%
		# Loans		-	-	-	13	13
		% # Loans		0.00%	0.00%	0.00%	0.94%	0.94%
BANKRUPTCY		Balance		775,984.76	441,990.08	697,224.02	315,615.26	2,230,814.12
		% Balance		0.23%	0.13%	0.21%	0.09%	0.67%
		# Loans		3	1	3	2	9
		% # Loans		0.22%	0.07%	0.22%	0.14%	0.65%
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		775,984.76	3,239,586.17	1,829,959.41	5,590,005.02	11,435,535.36
		% Balance		0.23%	0.97%	0.55%	1.68%	3.44%
		# Loans		3	17	7	23	50
		% # Loans		0.22%	1.23%	0.51%	1.66%	3.62%
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 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Group 3 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			624,157.92	-	-	624,157.92
		% Balance			0.68%	0.00%	0.00%	0.68%
		# Loans			4	-	-	4
		% # Loans			0.98%	0.00%	0.00%	0.98%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	624,157.92	-	-	624,157.92
		% Balance		0.00%	0.68%	0.00%	0.00%	0.68%
		# Loans		-	4	-	-	4
		% # Loans		0.00%	0.98%	0.00%	0.00%	0.98%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 14 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	REO Report for September 27, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 1				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Original Principal Balance = 65,700.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 65,382.04				Loan Group 3 = Group 3; REO Book Value = Not Available
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

54610936 1		65,700.00	65,382.04	Feb-01-04	8.750%	MI - 90.00%	360	Dec-01-03


				Page 15 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Foreclosure Report for September 27, 2004 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 25				Loan Group 1 = Group 1
Total Original Principal Balance = 3,760,790.00				Loan Group 2 = Group 2
Total Current Balance = 3,732,080.17				Loan Group 3 = Group 3


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

53978979 1		61,625.00	61,219.63	Feb-01-04	8.250%	IN - 85.00%	360	Nov-03-03
54066311 1		63,000.00	62,737.04	Apr-01-04	9.350%	MI - 90.00%	360	Dec-05-03
54128251 1		65,450.00	65,090.36	Jan-01-04	8.000%	MO - 95.00%	360	Dec-18-03
54147178 1		86,085.00	85,609.29	Apr-01-04	8.650%	TX - 90.00%	360	Nov-18-03
54170857 1		152,100.00	150,973.40	Apr-01-04	7.100%	IL - 95.00%	360	Dec-02-03
54201694 1		133,000.00	132,198.65	Apr-01-04	8.150%	IL - 95.00%	360	Nov-13-03
54297270 1		238,950.00	233,462.67	Mar-01-04	8.350%	NY - 59.00%	180	Dec-05-03
54321930 1		136,000.00	135,331.88	Apr-01-04	9.150%	MS - 85.00%	360	Dec-01-03
54329552 1		116,100.00	115,350.64	Apr-01-04	7.800%	IN - 90.00%	360	Nov-21-03
54371893 1		77,600.00	77,164.92	Mar-01-04	7.900%	LA - 80.00%	360	Dec-23-03
54571096 1		117,000.00	116,323.44	Mar-01-04	8.350%	KY - 90.00%	360	Nov-28-03
54607437 1		64,600.00	64,327.49	Feb-01-04	9.300%	MI - 95.00%	360	Dec-29-03
54950936 1		136,230.00	135,370.03	Mar-01-04	7.300%	WI - 95.00%	360	Dec-29-03
54988076 1		314,100.00	312,162.72	Mar-01-04	7.800%	MO - 90.00%	360	Dec-31-03
55150551 1		250,000.00	247,691.73	Apr-01-04	5.300%	CA - 66.67%	360	Dec-31-03
55278295 1		61,200.00	60,805.43	Mar-01-04	7.200%	MO - 95.00%	360	Dec-30-03
55362636 1		99,750.00	99,207.26	Apr-01-04	8.050%	AL - 95.00%	360	Dec-31-03
59200584 1		332,000.00	330,025.92	Feb-01-04	8.750%	CA - 100.00%	360	Nov-06-03
48792709 2		208,250.00	206,080.82	Apr-01-04	7.300%	AZ - 95.00%	360	Jul-30-03
53389433 2		111,150.00	110,520.66	Apr-01-04	8.990%	MO - 90.00%	360	Oct-15-03
53470076 2		229,500.00	227,944.39	Feb-01-04	8.100%	NM - 85.00%	360	Nov-04-03
53835211 2		96,500.00	95,805.79	Feb-01-04	7.250%	MI - 74.23%	360	Nov-04-03
54549035 2		101,600.00	100,763.23	Apr-01-04	6.550%	CA - 80.00%	360	Nov-26-03
54704291 2		135,000.00	134,465.05	Apr-01-04	9.600%	IL - 85.99%	360	Dec-22-03
54876990 2		374,000.00	371,447.73	Apr-01-04	6.900%	CA - 85.00%	360	Dec-31-03


				Page 16 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans				7	34	130	171
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				7	34	130	171

	Paid in Full Balance				1,519,720.88	11,067,856.95	23,163,778.65	35,751,356.48
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				7,479.27	37,323.05	25,362.64	70,164.96
	Total Prepayment Amount				1,527,200.15	11,105,180.00	23,189,141.29	35,821,521.44

	*Cumulative*
	Number of Paid in Full Loans				25	209	549	783
	Number of Repurchased Loans				1	1	2	4
	Total Number of Loans Prepaid in Full				26	210	551	787

	Paid in Full Balance				6,152,924.01	59,108,299.73	99,131,553.85	164,392,777.59
	Repurchased Loans Balance				679,169.10	199,644.41	179,954.75	1,058,768.26
	Curtailments Amount				52,326.23	303,239.26	62,861.55	418,427.04
	Total Prepayment Amount				6,884,419.34	59,611,183.40	99,374,370.15	165,869,972.89

SPACE INTENTIONALLY LEFT BLANK


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


				Page 17 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	SMM				1.63%	3.23%	3.20%	3.08%
	3 Months Avg SMM				1.32%	3.28%	2.76%	2.80%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.02%	2.32%	1.87%	1.94%

	CPR				17.87%	32.57%	32.33%	31.33%
	3 Months Avg CPR				14.70%	32.94%	28.57%	28.89%
	12 Months Avg CPR
	Avg CPR Since Cut-off				11.57%	24.57%	20.29%	20.95%

	PSA				1145.01%	2111.74%	2102.11%	2032.75%
	3 Months Avg PSA Approximation				1080.86%	2453.07%	2132.49%	2152.74%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				1206.55%	2596.48%	2154.99%	2218.26%



	Group 1		Group 3
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 18 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1		Group 3
	Group 2

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 19 of 29				© COPYRIGHT 2004 Deutsche Bank


	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 171						Loan Group 1 = Group 1
Total Original Principal Balance = 36,163,520.00						Loan Group 2 = Group 2
Total Prepayment Amount = 35,751,356.48						Loan Group 3 = Group 3


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

49307986 1			135,915.00	134,366.75	Sep-08-04	6.400%	DE - 85.00%	Paid Off - 360	Jul-03-03
49808801 1			160,000.00	158,553.66	Aug-26-04	7.600%	MO - 72.73%	Paid Off - 360	Jul-23-03
50250869 1			150,000.00	148,431.68	Aug-16-04	6.850%	CA - 78.95%	Paid Off - 360	Jul-29-03
50717404 1			79,200.00	78,537.09	Aug-16-04	7.990%	TX - 80.00%	Paid Off - 360	Jul-29-03
52971934 1			166,500.00	165,460.33	Sep-02-04	8.000%	IL - 89.76%	Paid Off - 360	Oct-02-03
52999216 1			237,000.00	235,487.36	Sep-09-04	8.400%	NJ - 84.64%	Paid Off - 360	Oct-07-03
53338158 1			166,250.00	165,287.20	Aug-31-04	7.950%	NV - 95.00%	Paid Off - 360	Dec-11-03
53565198 1			218,500.00	217,171.57	Sep-01-04	8.100%	MD - 95.00%	Paid Off - 360	Oct-23-03
53683058 1			197,600.00	196,312.65	Aug-24-04	7.200%	CA - 95.00%	Paid Off - 360	Nov-12-03
53704250 1			265,524.00	263,877.03	Aug-12-04	8.000%	FL - 95.00%	Paid Off - 360	Oct-29-03
53778379 1			162,000.00	161,220.35	Sep-02-04	9.250%	IL - 90.00%	Paid Off - 360	Oct-17-03
53852976 1			269,800.00	267,867.73	Aug-30-04	6.650%	NC - 95.00%	Paid Off - 360	Nov-20-03
53860938 1			95,000.00	94,272.50	Aug-19-04	6.300%	CA - 95.00%	Paid Off - 360	Nov-26-03
53890315 1			200,000.00	199,006.32	Sep-03-04	8.500%	CA - 80.00%	Paid Off - 360	Nov-26-03
53926176 1			142,500.00	141,474.94	Sep-08-04	7.250%	IL - 95.00%	Paid Off - 360	Oct-30-03
53969820 1			180,000.00	178,312.59	Aug-25-04	6.950%	CT - 87.81%	Paid Off - 360	Aug-27-03
53978292 1			110,000.00	109,319.13	Sep-09-04	7.400%	RI - 73.33%	Paid Off - 360	Nov-05-03
53989836 1			120,000.00	119,330.62	Aug-19-04	8.350%	FL - 72.73%	Paid Off - 360	Nov-18-03
54013735 1			240,000.00	238,586.03	Aug-16-04	7.650%	NY - 71.22%	Paid Off - 360	Nov-07-03
54055751 1			292,500.00	290,741.45	Aug-12-04	6.850%	CA - 90.56%	Paid Off - 360	Dec-24-03
54071857 1			127,350.00	126,662.41	Aug-13-04	7.400%	NV - 68.84%	Paid Off - 360	Dec-30-03
54083019 1			100,000.00	99,356.28	Aug-26-04	7.200%	NJ - 76.92%	Paid Off - 360	Nov-26-03
54104690 1			153,900.00	152,859.89	Sep-07-04	6.950%	CA - 93.27%	Paid Off - 360	Dec-03-03
54129531 1			285,950.00	284,455.66	Aug-19-04	8.250%	IL - 95.00%	Paid Off - 360	Nov-28-03
54134895 1			189,000.00	186,485.31	Aug-25-04	7.550%	CT - 90.00%	Paid Off - 360	Nov-10-03
54148994 1			240,350.00	238,383.53	Sep-01-04	5.950%	CA - 95.00%	Paid Off - 360	Nov-20-03
54158639 1			133,456.00	132,772.50	Aug-12-04	8.350%	AZ - 90.00%	Paid Off - 360	Nov-19-03
54173778 1			85,000.00	84,598.60	Sep-02-04	8.750%	MI - 52.15%	Paid Off - 360	Nov-17-03
54182795 1			75,000.00	74,671.81	Aug-24-04	8.450%	MI - 79.79%	Paid Off - 360	Dec-02-03
54238811 1			296,875.00	294,982.55	Aug-24-04	7.250%	IL - 95.00%	Paid Off - 360	Nov-26-03
54269451 1			141,300.00	140,399.27	Aug-25-04	7.250%	CO - 90.00%	Paid Off - 360	Nov-25-03
54272372 1			270,750.00	269,169.00	Aug-19-04	7.000%	CA - 95.00%	Paid Off - 360	Dec-19-03
54280334 1			175,750.00	174,429.58	Aug-26-04	6.400%	RI - 95.00%	Paid Off - 360	Nov-17-03
54291612 1			106,200.00	105,762.79	Aug-31-04	8.750%	AZ - 90.00%	Paid Off - 360	Dec-09-03
54291836 1			156,510.00	155,322.79	Aug-26-04	7.800%	IL - 90.00%	Paid Off - 360	Dec-05-03
54308630 1			306,000.00	304,368.41	Sep-08-04	8.150%	MN - 90.00%	Paid Off - 360	Dec-19-03
54310115 1			160,550.00	159,708.44	Aug-31-04	7.550%	CT - 95.00%	Paid Off - 360	Dec-03-03
54326814 1			63,000.00	62,628.80	Aug-12-04	7.650%	IL - 90.00%	Paid Off - 360	Nov-18-03
54350871 1			86,062.00	85,679.80	Sep-01-04	9.050%	IA - 85.00%	Paid Off - 360	Nov-26-03
54361472 1			84,000.00	83,112.10	Sep-03-04	7.600%	IL - 79.25%	Paid Off - 360	Nov-24-03
54368493 1			102,000.00	101,242.74	Sep-07-04	5.950%	IL - 75.00%	Paid Off - 360	Dec-24-03
54374897 1			310,500.00	308,109.86	Aug-24-04	6.850%	CA - 90.00%	Paid Off - 360	Nov-26-03
54385034 1			75,000.00	74,368.67	Aug-17-04	7.450%	MI - 73.53%	Paid Off - 360	Dec-01-03
54454459 1			315,000.00	312,940.32	Aug-30-04	7.500%	MN - 90.00%	Paid Off - 360	Nov-24-03

					Page 20 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 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

54458815 1			138,000.00	137,014.54	Sep-01-04	5.950%	FL - 89.03%	Paid Off - 360	Dec-16-03
54463476 1			218,700.00	217,944.76	Aug-24-04	9.600%	IL - 90.00%	Paid Off - 360	Dec-18-03
54469796 1			256,000.00	253,742.08	Aug-12-04	5.550%	CA - 64.00%	Paid Off - 360	Nov-26-03
54478771 1			238,500.00	237,373.75	Sep-08-04	8.750%	MD - 90.00%	Paid Off - 360	Dec-02-03
54480579 1			111,150.00	110,500.92	Sep-09-04	7.000%	FL - 91.86%	Paid Off - 360	Dec-24-03
54494919 1			224,000.00	222,581.41	Aug-31-04	7.150%	CA - 80.00%	Paid Off - 360	Nov-25-03
54528534 1			292,600.00	290,338.04	Aug-20-04	6.250%	CA - 95.00%	Paid Off - 360	Dec-02-03
54530258 1			171,000.00	170,000.54	Aug-27-04	7.000%	MN - 95.00%	Paid Off - 360	Dec-01-03
54530597 1			198,550.00	197,223.10	Sep-02-04	6.300%	RI - 95.00%	Paid Off - 360	Dec-16-03
54551031 1			312,000.00	309,895.06	Aug-27-04	6.250%	CA - 80.00%	Paid Off - 360	Dec-17-03
54562095 1			251,100.00	249,272.79	Aug-20-04	5.850%	CA - 90.00%	Paid Off - 360	Dec-31-03
54583158 1			200,250.00	199,251.23	Aug-31-04	7.800%	FL - 75.00%	Paid Off - 360	Dec-24-03
54593090 1			118,750.00	118,096.10	Sep-09-04	7.300%	CA - 95.00%	Paid Off - 360	Dec-10-03
54606454 1			63,000.00	62,663.13	Aug-25-04	7.450%	MI - 95.00%	Paid Off - 360	Dec-01-03
54607270 1			220,000.00	218,800.45	Sep-03-04	7.350%	MN - 84.62%	Paid Off - 360	Dec-03-03
54612973 1			90,000.00	89,559.97	Aug-23-04	7.900%	WA - 47.37%	Paid Off - 360	Dec-15-03
54634472 1			193,410.00	192,419.41	Aug-11-04	8.350%	IL - 90.00%	Paid Off - 360	Dec-05-03
54640958 1			114,500.00	113,749.27	Sep-02-04	6.400%	MD - 81.79%	Paid Off - 360	Dec-15-03
54657457 1			112,000.00	111,479.24	Sep-08-04	8.150%	NC - 70.00%	Paid Off - 360	Dec-10-03
54658794 1			332,500.00	330,758.01	Aug-19-04	7.990%	CA - 95.00%	Paid Off - 360	Dec-11-03
54662994 1			142,800.00	141,760.88	Aug-17-04	5.850%	CA - 85.00%	Paid Off - 360	Dec-30-03
54678859 1			123,500.00	122,865.33	Aug-12-04	7.650%	KS - 95.00%	Paid Off - 360	Dec-24-03
54689534 1			112,100.00	110,536.29	Sep-01-04	7.000%	FL - 95.00%	Paid Off - 240	Dec-24-03
54695259 1			156,750.00	155,769.42	Sep-10-04	6.650%	FL - 95.00%	Paid Off - 360	Dec-22-03
54720172 1			104,000.00	103,356.32	Aug-30-04	6.700%	IL - 86.67%	Paid Off - 360	Dec-31-03
54738893 1			216,000.00	214,890.04	Sep-09-04	7.650%	NV - 86.40%	Paid Off - 360	Dec-24-03
54745914 1			315,000.00	313,230.98	Aug-31-04	7.200%	CA - 79.55%	Paid Off - 360	Dec-12-03
54757257 1			81,500.00	80,742.97	Aug-16-04	6.850%	FL - 74.77%	Paid Off - 360	Dec-08-03
54767637 1			187,150.00	186,207.25	Sep-08-04	7.750%	IL - 95.00%	Paid Off - 360	Dec-15-03
54770896 1			280,000.00	278,859.08	Aug-31-04	8.800%	IL - 83.58%	Paid Off - 360	Dec-29-03
54774070 1			265,000.00	263,422.15	Aug-17-04	6.900%	MA - 91.38%	Paid Off - 360	Dec-08-03
54792932 1			96,250.00	95,642.18	Aug-31-04	6.700%	FL - 70.00%	Paid Off - 360	Dec-09-03
54800834 1			98,000.00	97,574.31	Aug-31-04	8.550%	IL - 70.00%	Paid Off - 360	Dec-23-03
54802897 1			91,000.00	90,536.99	Aug-25-04	7.700%	MA - 79.13%	Paid Off - 360	Dec-23-03
54826839 1			166,500.00	164,733.61	Aug-24-04	6.450%	NY - 90.00%	Paid Off - 360	Dec-22-03
54833710 1			231,800.00	230,398.94	Aug-19-04	6.875%	CA - 94.61%	Paid Off - 360	Dec-31-03
54872114 1			190,000.00	188,789.57	Aug-27-04	6.550%	CA - 95.00%	Paid Off - 360	Dec-31-03
54893318 1			102,750.00	101,999.99	Aug-31-04	6.700%	MI - 75.00%	Paid Off - 360	Dec-12-03
54894779 1			315,000.00	312,894.93	Sep-02-04	6.300%	FL - 90.00%	Paid Off - 360	Jan-02-04
54899695 1			143,100.00	142,256.22	Aug-12-04	6.950%	IL - 90.00%	Paid Off - 360	Dec-17-03
54902218 1			130,500.00	129,893.18	Aug-11-04	8.150%	FL - 75.00%	Paid Off - 360	Dec-22-03
54905211 1			157,500.00	156,515.75	Aug-27-04	6.650%	CA - 50.81%	Paid Off - 360	Dec-31-03
54905955 1			171,400.00	170,570.38	Sep-07-04	7.950%	WA - 91.66%	Paid Off - 360	Dec-24-03
54913330 1			70,000.00	68,572.68	Aug-12-04	8.500%	AZ - 56.91%	Paid Off - 180	Dec-23-03
54914817 1			197,200.00	196,336.98	Sep-02-04	8.450%	IL - 85.00%	Paid Off - 360	Dec-12-03
54916515 1			123,500.00	122,757.49	Aug-25-04	6.850%	AZ - 95.00%	Paid Off - 360	Dec-24-03
54942974 1			112,000.00	111,383.29	Aug-31-04	7.300%	IL - 77.24%	Paid Off - 360	Dec-23-03
54945233 1			136,800.00	136,137.85	Aug-27-04	7.950%	AZ - 95.00%	Paid Off - 360	Dec-30-03
54951611 1			161,000.00	160,373.33	Aug-25-04	8.250%	MD - 94.71%	Paid Off - 360	Jan-14-04
54970454 1			129,600.00	128,790.11	Aug-20-04	6.650%	MN - 80.00%	Paid Off - 360	Dec-29-03
54976899 1			209,000.00	207,490.97	Sep-07-04	5.900%	CA - 95.00%	Paid Off - 360	Dec-23-03
54978432 1			171,000.00	167,823.74	Aug-18-04	6.300%	IL - 95.00%	Paid Off - 360	Dec-16-03

					Page 21 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 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

54992235 1			91,000.00	90,503.80	Sep-07-04	7.350%	CA - 65.00%	Paid Off - 360	Dec-31-03
54999032 1			290,700.00	288,969.14	Aug-20-04	6.900%	CA - 95.00%	Paid Off - 360	Dec-22-03
55002273 1			243,000.00	241,567.20	Aug-20-04	7.950%	CA - 90.00%	Paid Off - 360	Dec-19-03
55007116 1			209,950.00	208,584.63	Aug-18-04	8.400%	IL - 95.00%	Paid Off - 360	Dec-18-03
55029433 1			124,000.00	123,350.04	Aug-16-04	7.550%	CA - 80.00%	Paid Off - 360	Dec-29-03
55051130 1			227,700.00	226,482.67	Aug-16-04	7.450%	CA - 90.00%	Paid Off - 360	Dec-22-03
55051239 1			94,500.00	93,755.91	Sep-07-04	8.950%	CA - 90.00%	Paid Off - 360	Dec-31-03
55059356 1			63,000.00	62,653.11	Aug-30-04	7.300%	OH - 90.00%	Paid Off - 360	Dec-24-03
55065478 1			161,500.00	160,741.49	Aug-12-04	8.100%	IL - 85.00%	Paid Off - 360	Dec-22-03
55084438 1			207,000.00	205,791.24	Sep-07-04	7.000%	CA - 90.00%	Paid Off - 360	Dec-30-03
55118152 1			104,500.00	103,845.93	Aug-13-04	6.650%	MN - 84.96%	Paid Off - 360	Dec-29-03
55122915 1			327,750.00	325,662.05	Aug-30-04	6.550%	CA - 95.00%	Paid Off - 360	Dec-31-03
55131676 1			332,405.00	330,662.72	Aug-31-04	7.550%	MD - 95.00%	Paid Off - 360	Dec-30-03
55141691 1			130,500.00	129,710.47	Sep-10-04	6.850%	CA - 90.00%	Paid Off - 360	Jan-02-04
55143234 1			380,000.00	377,311.86	Aug-20-04	6.000%	HI - 95.00%	Paid Off - 360	Dec-24-03
55151518 1			100,272.00	99,780.76	Aug-25-04	8.300%	MN - 95.00%	Paid Off - 360	Dec-22-03
55156574 1			93,800.00	93,486.09	Sep-10-04	9.750%	AZ - 70.00%	Paid Off - 360	Dec-30-03
55162259 1			123,750.00	123,322.65	Aug-24-04	9.600%	IL - 75.00%	Paid Off - 360	Jan-02-04
55166151 1			78,500.00	78,023.39	Aug-19-04	6.800%	AZ - 74.76%	Paid Off - 360	Dec-30-03
55205132 1			300,001.00	297,579.23	Sep-08-04	5.350%	CA - 91.46%	Paid Off - 360	Dec-30-03
55227557 1			228,000.00	226,519.40	Aug-25-04	6.450%	CA - 95.00%	Paid Off - 360	Dec-31-03
59782946 1			180,000.00	178,673.21	Sep-01-04	6.500%	CA - 72.00%	Paid Off - 360	Dec-02-03
60733342 1			302,400.00	300,599.93	Aug-31-04	7.600%	CA - 90.00%	Paid Off - 360	Nov-10-03
60842887 1			216,000.00	214,423.07	Sep-02-04	6.550%	CA - 88.16%	Paid Off - 360	Nov-14-03
61739488 1			164,000.00	163,262.66	Aug-24-04	8.990%	MN - 80.00%	Paid Off - 360	Nov-26-03
62300603 1			243,000.00	241,662.05	Sep-09-04	7.990%	CA - 100.00%	Paid Off - 360	Nov-26-03
62392980 1			328,500.00	326,578.01	Aug-12-04	6.990%	CA - 90.00%	Paid Off - 360	Dec-15-03
62970603 1			242,250.00	240,954.88	Sep-08-04	7.450%	CA - 95.00%	Paid Off - 360	Dec-24-03
63612022 1			256,500.00	254,999.30	Aug-12-04	6.990%	CA - 95.00%	Paid Off - 360	Dec-09-03
64530124 1			165,750.00	165,158.96	Sep-10-04	9.500%	CA - 85.00%	Paid Off - 360	Dec-31-03
64696289 1			245,650.00	244,424.81	Aug-24-04	7.800%	CA - 85.00%	Paid Off - 360	Dec-22-03
64855620 1			161,500.00	160,645.05	Aug-30-04	7.500%	CA - 95.00%	Paid Off - 360	Dec-24-03
65438608 1			161,500.00	160,645.05	Aug-11-04	7.500%	CA - 95.00%	Paid Off - 360	Dec-29-03
65551384 1			61,750.00	61,582.80	Aug-12-04	10.750%	FL - 61.75%	Paid Off - 360	Dec-31-03
50171008 2			131,400.00	130,302.28	Aug-11-04	8.000%	MT - 89.39%	Paid Off - 360	Jul-28-03
53029757 2			351,000.00	171,788.46	Sep-02-04	6.350%	NY - 90.00%	Paid Off - 360	Dec-04-03
53474698 2			414,000.00	411,228.71	Aug-26-04	7.000%	CA - 95.00%	Paid Off - 360	Nov-26-03
53778312 2			125,000.00	124,288.38	Aug-18-04	7.900%	CA - 69.44%	Paid Off - 360	Nov-26-03
53873071 2			120,000.00	119,327.29	Aug-23-04	7.900%	OH - 88.89%	Paid Off - 360	Nov-06-03
53971891 2			427,500.00	424,148.17	Aug-19-04	5.450%	CA - 94.46%	Paid Off - 360	Dec-31-03
54077714 2			101,250.00	100,405.89	Sep-02-04	5.850%	MA - 67.95%	Paid Off - 360	Nov-24-03
54104773 2			227,500.00	226,186.03	Aug-25-04	7.750%	NY - 70.00%	Paid Off - 360	Nov-26-03
54271275 2			475,000.00	471,498.86	Aug-27-04	6.500%	CA - 95.00%	Paid Off - 360	Dec-03-03
54360052 2			340,000.00	338,321.12	Sep-08-04	7.850%	IL - 84.58%	Paid Off - 360	Dec-03-03
54400171 2			355,775.00	353,323.49	Sep-08-04	6.850%	CA - 95.00%	Paid Off - 360	Nov-24-03
54537337 2			477,000.00	474,214.63	Sep-07-04	7.000%	CA - 90.00%	Paid Off - 360	Dec-02-03
54546379 2			432,000.00	429,909.07	Aug-31-04	7.950%	MA - 90.00%	Paid Off - 360	Dec-10-03
54638796 2			196,250.00	195,081.50	Sep-09-04	6.900%	CA - 87.22%	Paid Off - 360	Dec-11-03
54642939 2			498,950.00	495,879.87	Aug-26-04	6.750%	CA - 85.00%	Paid Off - 360	Dec-19-03
54676853 2			310,500.00	308,521.93	Sep-08-04	6.550%	NY - 90.00%	Paid Off - 360	Dec-23-03
54678636 2			358,000.00	355,194.97	Aug-20-04	5.450%	NY - 70.61%	Paid Off - 360	Dec-24-03
54698212 2			451,250.00	447,966.43	Aug-12-04	5.850%	CA - 94.01%	Paid Off - 360	Dec-10-03

					Page 22 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 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

54708839 2			289,655.00	288,106.45	Aug-20-04	7.450%	IL - 94.98%	Paid Off - 360	Dec-05-03
54724679 2			500,000.00	496,561.96	Aug-19-04	6.150%	MD - 86.21%	Paid Off - 360	Dec-24-03
54787593 2			400,500.00	398,316.26	Aug-19-04	7.350%	CA - 90.00%	Paid Off - 360	Dec-17-03
54809512 2			365,000.00	363,048.68	Sep-08-04	7.450%	CA - 82.96%	Paid Off - 360	Dec-19-03
54937578 2			286,000.00	283,938.31	Aug-30-04	5.900%	CA - 92.86%	Paid Off - 360	Dec-19-03
54978036 2			128,000.00	127,142.10	Aug-31-04	7.400%	MD - 94.82%	Paid Off - 360	Dec-31-03
54996756 2			312,550.00	310,828.95	Sep-01-04	7.300%	CA - 95.00%	Paid Off - 360	Dec-15-03
55354997 2			168,000.00	167,427.28	Aug-18-04	8.900%	NV - 80.00%	Paid Off - 360	Jan-22-04
57754764 2			532,000.00	523,767.12	Sep-02-04	6.740%	CA - 95.00%	Paid Off - 360	Oct-08-03
61203188 2			207,100.00	205,766.83	Sep-09-04	7.200%	CA - 95.00%	Paid Off - 360	Nov-24-03
62018346 2			445,500.00	443,218.35	Sep-01-04	8.350%	CA - 90.00%	Paid Off - 360	Dec-03-03
62461728 2			394,250.00	391,897.69	Sep-03-04	7.990%	CA - 95.00%	Paid Off - 360	Nov-24-03
62985064 2			341,910.00	339,954.80	Aug-23-04	7.800%	CA - 90.00%	Paid Off - 360	Nov-26-03
64206089 2			260,100.00	258,575.41	Aug-18-04	6.990%	CA - 85.00%	Paid Off - 360	Dec-11-03
64636103 2			500,000.00	496,456.33	Aug-31-04	5.990%	CA - 55.56%	Paid Off - 360	Dec-31-03
65079121 2			398,000.00	395,263.35	Aug-18-04	6.150%	CA - 92.56%	Paid Off - 360	Dec-22-03
53985032 3			350,000.00	347,875.29	Aug-23-04	6.800%	NY - 71.43%	Paid Off - 360	Dec-03-03
54420856 3			112,000.00	109,795.93	Sep-08-04	8.550%	MD - 56.85%	Paid Off - 180	Jan-06-04
54665518 3			219,000.00	217,577.82	Sep-08-04	6.450%	NV - 94.81%	Paid Off - 360	Dec-18-03
54672530 3			259,000.00	257,442.83	Aug-13-04	6.850%	CA - 77.31%	Paid Off - 360	Dec-04-03
54735352 3			124,950.00	124,250.37	Aug-16-04	7.600%	MD - 85.00%	Paid Off - 360	Dec-22-03
54783618 3			344,000.00	341,766.10	Aug-23-04	6.450%	CA - 79.08%	Paid Off - 360	Dec-23-03
55340012 3			121,500.00	121,012.54	Sep-09-04	8.100%	FL - 90.00%	Paid Off - 360	Jan-09-04


					Page 23 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Realized Loss Report for September 27, 2004 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-

	*Cumulative*
	Number of Loans Liquidated				-	1	3	4
	Collateral Realized Loss/(Gain) Amount				-	(7,299.12)	17,482.47	10,183.35
	Net Liquidation Proceeds				-	229,998.73	340,308.69	570,307.42

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


	Group 1		Group 3				3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 24 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Realized Loss Report for September 27, 2004 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	MDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR				0.00%	0.02%	0.02%	0.02%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.01%	0.01%	0.01%

	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR				0.00%	0.25%	0.19%	0.19%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.11%	0.08%	0.08%

	SDA				0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation				0.00%	1.87%	1.42%	1.44%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	1.14%	0.87%	0.88%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group 1		Group 3
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 25 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Realized Loss Report for September 27, 2004 Distribution


	Realized Loss Report - Collateral

	Group 1		Group 3
	Group 2

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 26 of 29				© COPYRIGHT 2004 Deutsche Bank


	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Realized Loss Detail Report for September 27, 2004 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution

SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 0
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 0.00						Loan Group 2 = Group 2
Total Current Realized Loss Amount = 0.00						Loan Group 3 = Group 3
Total Revisions Amount = 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			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
SPACE INTENTIONALLY LEFT BLANK


					Page 27 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 27, 2004 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Trigger Event in effect							No
	Stepdown Date has occurred							No

	Balances 60+ days							0.00
	Ending Balance							1,125,920,501.96
	Delinquency Percentage							0.00%

	Balance of Mezzanine and C Class							276,899,970.03
	Ending Balance							1,125,920,501.96
	Credit Enhancement Percentage							24.59%


ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Net WAC Rate Carryover Amt:ClassAV-1							0.00
	Net WAC Rate Carryover Amt:ClassAV-2							0.00
	Net WAC Rate Carryover Amt:ClassAV-3							0.00
	Net WAC Rate Carryover Amt:ClassAV-4							0.00
	Net WAC Rate Carryover Amt:ClassAF							0.00
	Net WAC Rate Carryover Amt:ClassM-1							0.00
	Net WAC Rate Carryover Amt:ClassM-2							0.00
	Net WAC Rate Carryover Amt:ClassM-3							0.00
	Net WAC Rate Carryover Amt:ClassM-4							0.00
	Net WAC Rate Carryover Amt:ClassM-5							0.00
	Net WAC Rate Carryover Amt:ClassM-6							0.00
	Net WAC Rate Carryover Amt:ClassM-7							0.00
	Net WAC Rate Carryover Amt:ClassCE							0.00



ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Libor for Current Period							1.615000%
	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00


				Page 28 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W1
	Mortgage Pass-Through Certificates

	Other Related Information for September 27, 2004 Distribution


	Other Related Information


ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Class AV-1 Next Pass-Through Rate							2.090000%
	Class AV-2 Next Pass-Through Rate							2.160000%
	Class AV-3 Next Pass-Through Rate							2.030000%
	Class AV-4 Next Pass-Through Rate							2.290000%
	Class AF Next Pass-Through Rate							3.903000%
	Class M-1 Next Pass-Through Rate							2.215000%
	Class M-2 Next Pass-Through Rate							2.895000%
	Class M-3 Next Pass-Through Rate							3.065000%
	Class M-4 Next Pass-Through Rate							3.590000%
	Class M-5 Next Pass-Through Rate							3.740000%
	Class M-6 Next Pass-Through Rate							5.340000%
	Class M-7 Next Pass-Through Rate							5.090000%
	Class CE Next Pass-Through Rate							4.409231%
	Class P Next Pass-Through Rate							0.000000%
	Class R Next Pass-Through Rate							0.000000%


				Page 29 of 29				© COPYRIGHT 2004 Deutsche Bank

ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2004-W1 8-K