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 26, 2004 (Date of earliest event reported) Ameriquest Mortgage Securities Inc (as Depositor under the Pooling and Servicing Agreement, dated as June 1, 2004, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2004-R5) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-112203-01 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 (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 November 26, 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 Ameriquest Mortgage Securities Inc.,Registrant Date: ~~Sep~~Dec 2906, 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 November 26, 2004.

Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Ameriquest Mortgage Corp
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13
										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										10. Realized Loss Report					2124
										11. Realized Loss Detail Report					2427
				Servicer(s)
										12. Triggers and Adj. Cert. Report					2528
				Ameriquest Mortgage Corp
										13. Additional Certificate Report					2629
										14. Other Related Information					2730
				Underwriter(s)
				CS First Boston
										Total Number of Pages					2730
				Dates						Contacts
				Cut-Off Date:			June 01, 2004			Valerie Delgado
				Close Date:			June 04, 2004			Administrator
				First Distribution Date:			July 26, 2004			(714) 247-6273
										valerie.m.delgado@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~September~~November 2726, 2004
										Factor Information:			(800) 735-7777
				Record Date:			~~August~~October 3129, 2004
										Main Phone Number:			(714) 247-6000
							September 24, 2004
							November 24, 2004
										https://www.corporatetrust.db.com/invr
										https://www.tss.db.com/invr
Page 1 of 27
Page 1 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Certificate Payment Report
Current Period Distribution - MASTER REMIC
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1A	SNR	$	619,000,000.00		~~602~~572,~~289~~850,~~067~~176.1053		1,~~040~~121,~~705~~513.3235		1227,~~510~~815,~~567~~827.8890		1328,~~551~~937,~~273~~341.2025		0.00		0.00		~~589~~545,~~778~~034,~~499~~348.2263
A-1B	SNR	$	68,770,000.00		6663,~~913~~642,~~439~~821.6571		~~121~~130,~~754~~255.5864		13,~~389~~090,~~905~~298.9004		13,~~511~~220,~~660~~553.4868		0.00		0.00		6560,~~523~~552,~~533~~523.7567
A-2	SNR	$	76,200,000.00		6757,~~916~~973,~~907~~400.8670		~~107~~105,~~393~~253.6193		35,~~552~~248,~~910~~044.5244		35,~~660~~353,~~304~~298.1337		0.00		0.00		6452,~~363~~725,~~997~~356.3426
A-3	SNR	$	37,800,000.00		37,800,000.00		6574,~~315~~004.2500		0.00		6574,~~315~~004.2500		0.00		0.00		37,800,000.00
A-4	SNR	$	29,230,000.00		29,230,000.00		5663,~~937~~461.6058		0.00		5663,~~937~~461.6058		0.00		0.00		29,230,000.00
M-1	SUB,MEZ	$	57,500,000.00		57,500,000.00		~~115~~128,~~694~~416.7967		0.00		~~115~~128,~~694~~416.7967		0.00		0.00		57,500,000.00
M-2	SUB,MEZ	$	47,500,000.00		47,500,000.00		~~124~~134,~~746~~372.8822		0.00		~~124~~134,~~746~~372.8822		0.00		0.00		47,500,000.00
M-3	SUB,MEZ	$	10,000,000.00		10,000,000.00		2930,~~012~~955.5056		0.00		2930,~~012~~955.5056		0.00		0.00		10,000,000.00
M-4	SUB,MEZ	$	12,500,000.00		12,500,000.00		4446,~~515~~694.6344		0.00		4446,~~515~~694.6344		0.00		0.00		12,500,000.00
M-5	SUB,MEZ	$	9,000,000.00		9,000,000.00		3335,~~536~~060.2500		0.00		3335,~~536~~060.2500		0.00		0.00		9,000,000.00
M-6	SUB,MEZ	$	7,500,000.00		7,500,000.00		4344,~~759~~550.3800		0.00		4344,~~759~~550.3800		0.00		0.00		7,500,000.00
M-7	SUB,MEZ	$	10,000,000.00		10,000,000.00		2326,~~970~~066.8367		0.00		2326,~~970~~066.8367		0.00		0.00		10,000,000.00
CE	OC	$	15,000,472.05		15,000,008.58		3,~~748~~361,~~589~~480.8240		0.00		3,~~748~~361,~~589~~480.8240		0.00		0.00		15,000,008.58
P	P	$	100.00		100.00		~~229~~564,~~104~~757.0079		0.00		~~229~~564,~~104~~757.0079		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			1,000,000,572.05		~~973~~930,~~149~~496,~~523~~507.1952		5,~~785~~866,~~036~~842.4425		1736,~~453~~154,~~384~~170.3038		2342,~~238~~021,~~420~~012.7463		0.00		0.00		~~955~~894,~~696~~342,~~138~~337.8914
Interest Accrual Detail Current Period Factor Information per $1,0000 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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	0810/25/04		0911/2625/04		A-Act/360		03072SRS6		619,000,000.00		~~973~~925.~~003339~~444550		1.~~681269~~811815		2044.~~210934~~936717		2146.~~892202~~748532	~~952~~880.~~792406~~507833
A-1B	0810/25/04		0911/2625/04		A-Act/360		03072SRT4		68,770,000.00		~~973~~925.~~003339~~444550		1.~~770461~~894076		2044.~~210934~~936717		2146.~~981394~~830794	~~952~~880.~~792406~~507833
A-2	0810/25/04		0911/2625/04		A-Act/360		03072SRU1		76,200,000.00		~~891~~760.~~298003~~805783		1.~~409365~~381285		4668.~~626122~~871974		4870.~~035487~~253259	~~844~~691.~~671881~~933809
A-3	0810/25/04		0911/2625/04		A-Act/360		03072SRV9		37,800,000.00		1,000.000000		1.~~727917~~957778		0.000000		1.~~727917~~957778	1,000.000000
A-4	0810/25/04		0911/2625/04		A-Act/360		03072SRW7		29,230,000.00		1,000.000000		12.~~947917~~171111		0.000000		12.~~947917~~171111	1,000.000000
M-1	0810/25/04		0911/2625/04		A-Act/360		03072SRX5		57,500,000.00		1,000.000000		2.~~012083~~233333		0.000000		2.~~012083~~233333	1,000.000000
M-2	0810/25/04		0911/2625/04		A-Act/360		03072SRY3		47,500,000.00		1,000.000000		2.~~626250~~828889		0.000000		2.~~626250~~828889	1,000.000000
M-3	0810/25/04		0911/2625/04		A-Act/360		03072SRZ0		10,000,000.00		1,000.000000		23.~~901250~~095556		0.000000		23.~~901250~~095556	1,000.000000
M-4	0810/25/04		0911/2625/04		A-Act/360		03072SSA4		12,500,000.00		1,000.000000		3.~~561250~~735555		0.000000		3.~~561250~~735555	1,000.000000
M-5	0810/25/04		0911/2625/04		A-Act/360		03072SSB2		9,000,000.00		1,000.000000		3.~~726250~~895556		0.000000		3.~~726250~~895556	1,000.000000
M-6	0810/25/04		0911/2625/04		A-Act/360		03072SSC0		7,500,000.00		1,000.000000		5.~~834584~~940000		0.000000		5.~~834584~~940000	1,000.000000
M-7	0810/25/04		0911/2625/04		A-Act/360		03072SSG1		10,000,000.00		1,000.000000		2.~~397083~~606667		0.000000		2.~~397083~~606667	1,000.000000
CE	0810/01/04		0810/30/04		F-30/360				1,015,000,881.05		14.778321		3.~~693189~~311800		0.000000		3.~~693189~~311800	14.778321
P	0810/01/04		0810/30/04		F-30/360				100.00		1,000.000000		25,~~291~~647,~~040~~577.~~000000~~900000		0.000000		25,~~291~~647,~~040~~577.~~000000~~900000	1,000.000000
R	0810/01/04		0810/30/04		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 27
Page 2 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Distribution to Date - MASTER REMIC
																	Current
	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	619,000,000.00		35,~~169~~258,~~249~~655.7919		2770,~~301~~811,~~619~~622.9613		13,~~919~~154,~~880~~029.8224		2973,~~221~~965,~~500~~651.7837		3279,~~390~~224,~~750~~306.5756		0.00		0.00		~~589~~545,~~778~~034,~~499~~348.2263
A-1B	68,770,000.00		~~373~~616,~~822~~705.3768		37,~~033~~867,~~170~~068.2827		~~213~~350,~~295~~408.9706		38,~~246~~217,~~466~~476.2533		38,~~620~~834,~~288~~182.6100		0.00		0.00		6560,~~523~~552,~~533~~523.7567
A-2	76,200,000.00		~~336~~539,~~672~~545.5824		1122,~~402~~765,~~904~~376.6982		~~433~~709,~~097~~266.9792		1123,~~836~~474,~~002~~643.6674		1224,~~172~~014,~~675~~188.2498		0.00		0.00		6452,~~363~~725,~~997~~356.3426
A-3	37,800,000.00		~~196~~332,~~003~~041.50		0.00		0.00		0.00		~~196~~332,~~003~~041.50		0.00		0.00		37,800,000.00
A-4	29,230,000.00		~~173~~290,~~975~~862.3385		0.00		0.00		0.00		~~173~~290,~~975~~862.3385		0.00		0.00		29,230,000.00
M-1	57,500,000.00		~~355~~591,~~094~~738.4489		0.00		0.00		0.00		~~355~~591,~~094~~738.4489		0.00		0.00		57,500,000.00
M-2	47,500,000.00		~~395~~643,~~002~~532.0964		0.00		0.00		0.00		~~395~~643,~~002~~532.0964		0.00		0.00		47,500,000.00
M-3	10,000,000.00		92150,~~741~~063.6790		0.00		0.00		0.00		92150,~~741~~063.6790		0.00		0.00		10,000,000.00
M-4	12,500,000.00		~~144~~231,~~677~~329.0986		0.00		0.00		0.00		~~144~~231,~~677~~329.0986		0.00		0.00		12,500,000.00
M-5	9,000,000.00		~~109~~174,~~342~~432.50		0.00		0.00		0.00		~~109~~174,~~342~~432.50		0.00		0.00		9,000,000.00
M-6	7,500,000.00		~~146~~229,~~222~~214.9259		0.00		0.00		0.00		~~146~~229,~~222~~214.9259		0.00		0.00		7,500,000.00
M-7	10,000,000.00		75123,~~172~~327.2278		0.00		0.00		0.00		75123,~~172~~327.2278		0.00		0.00		10,000,000.00
CE	15,000,472.05		1118,~~347~~488,~~748~~574.3250		0.00		0.00		463.47		1118,~~348~~489,~~211~~037.7997		0.00		0.00		15,000,008.58
P	100.00		~~510~~1,~~727~~535,928.2500		0.00		0.00		0.00		~~510~~1,~~727~~535,928.2500		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	1,000,000,572.05		1729,~~426~~205,~~452~~953.0712		41101,~~737~~444,~~694~~067.9322		24,~~566~~213,~~274~~704.7622		44105,~~304~~658,~~433~~234.1691		61134,~~730~~864,~~885~~188.2202		0.00		0.00		~~955~~894,~~696~~342,~~138~~337.8914
Interest Detail - MASTER REMIC
	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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	12.~~88500~~20250%		~~602~~572,~~289~~850,~~067~~176.1053		1,~~040~~121,~~705~~513.3235		0.00		0.00		0.00		1,~~040~~121,~~705~~513.3235		1,~~040~~121,~~705~~513.3235		0.00
A-1B	12.~~98500~~30250%		6663,~~913~~642,~~439~~821.6571		~~121~~130,~~754~~255.5864		0.00		0.00		0.00		~~121~~130,~~754~~255.5864		~~121~~130,~~754~~255.5864		0.00
A-2	12.~~72500~~04250%		6757,~~916~~973,~~907~~400.8670		~~107~~105,~~393~~253.6193		0.00		0.00		0.00		~~107~~105,~~393~~253.6193		~~107~~105,~~393~~253.6193		0.00
A-3	12.~~88500~~20250%		37,800,000.00		6574,~~315~~004.2500		0.00		0.00		0.00		6574,~~315~~004.2500		6574,~~315~~004.2500		0.00
A-4	2.~~12500~~44250%		29,230,000.00		5663,~~937~~461.6058		0.00		0.00		0.00		5663,~~937~~461.6058		5663,~~937~~461.6058		0.00
M-1	2.~~19500~~51250%		57,500,000.00		~~115~~128,~~694~~416.7967		0.00		0.00		0.00		~~115~~128,~~694~~416.7967		~~115~~128,~~694~~416.7967		0.00
M-2	23.~~86500~~18250%		47,500,000.00		~~124~~134,~~746~~372.8822		0.00		0.00		0.00		~~124~~134,~~746~~372.8822		~~124~~134,~~746~~372.8822		0.00
M-3	3.~~16500~~48250%		10,000,000.00		2930,~~012~~955.5056		0.00		0.00		0.00		2930,~~012~~955.5056		2930,~~012~~955.5056		0.00
M-4	34.~~88500~~20250%		12,500,000.00		4446,~~515~~694.6344		0.00		0.00		0.00		4446,~~515~~694.6344		4446,~~515~~694.6344		0.00
M-5	4.~~06500~~38250%		9,000,000.00		3335,~~536~~060.2500		0.00		0.00		0.00		3335,~~536~~060.2500		3335,~~536~~060.2500		0.00
M-6	6.~~22631~~40981%		7,500,000.00		42,~~805~~732.9104		0.00		0.00		0.00		42,~~805~~732.9104		4344,~~759~~550.3800		0.00
M-7	2.~~61500~~93250%		10,000,000.00		2326,~~970~~066.8367		0.00		0.00		0.00		2326,~~970~~066.8367		2326,~~970~~066.8367		0.00
CE	~~299~~268.~~88701~~91828%		15,000,008.58		0.00		0.00		0.00		0.00		0.00		3,~~748~~361,~~589~~480.8240		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		~~229~~564,~~104~~757.0079		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			~~973~~930,~~149~~496,~~523~~507.1952		1,~~806~~938,~~389~~786.1510		0.00		0.00		0.00		1,~~806~~938,~~389~~786.1510		5,~~785~~866,~~036~~842.4425		0.00
Page 3 of 27
Page 3 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										35,~~552~~248,~~910~~044.5244		1330,~~900~~906,~~473~~125.7894		1736,~~453~~154,~~384~~170.3038
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										35,~~552~~248,~~910~~044.5244		1330,~~900~~906,~~473~~125.7894		1736,~~453~~154,~~384~~170.3038
Interest Collections										~~932~~851,~~012~~771.4286		4,~~819~~515,~~902~~963.7849		5,~~751~~367,~~915~~735.2135
Interest Withdrawals														-0.00
Interest Other Accounts										0.00		0.00		~~229~~564,~~104~~757.0079
Interest Fees										-318,~~543~~398.3360		-~~164~~57,~~440~~252.5830		-~~195~~65,~~983~~650.9189
TOTAL NET INTEREST										~~900~~843,~~469~~373.1027		4,~~655~~458,~~462~~711.2019		5,~~785~~866,~~035~~842.3025
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										46,~~453~~091,~~379~~417.6271		1835,~~555~~364,~~935~~837.9813		2342,~~238~~021,~~419~~012.6063
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											~~144~~136,~~623~~353.5081		~~705~~675,~~969~~777.1097		~~850~~812,~~592~~131.6078
Curtailments											~~-94~~29,~~973~~516.9118		9354,~~800~~484.7663		-184,~~173~~000.1581
Prepayments In Full											35,~~503~~082,~~260~~174.9345		1230,~~759~~175,~~336~~863.5834		1635,~~262~~258,~~597~~037.5179
Repurchased/Substitutions											0.00		~~341,367~~0.3400		~~341,367~~0.3400
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-76121,~~224~~212.5302		-~~341~~566,~~508~~065.1537		-~~417~~687,~~732~~277.6839
Realized Losses											-0.00		-0.00		-0.00
Principal Recoveries
Advanced Principal											76121,~~224~~212.5302		~~341~~566,~~508~~065.1537		~~417~~687,~~732~~277.6839
TOTAL PRINCIPAL COLLECTED											35,~~552~~248,~~910~~044.5244		1330,~~900~~906,~~473~~125.7894		1736,~~453~~154,~~384~~170.3038
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00
Page 4 of 27
Page 4 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										~~969~~907,~~133~~876.6344		4,~~991~~783,~~782~~620.0880		5,~~960~~691,~~915~~497.7225
Repurchased/Substitution Interest										0.00		~~2,278~~0.6600		~~2,278~~0.6600
Liquidation Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-45,~~833~~729.0031		-1939,~~134~~476.6849		-2345,~~967~~205.6880
Delinquent Interest										-~~542~~797,~~015~~720.7644		-23,~~654~~977,~~394~~346.3943		-34,~~196~~775,~~410~~066.1588
Compensating Interest										45,~~833~~729.0031		1939,~~134~~476.6849		2345,~~967~~205.6880
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										~~504~~741,~~894~~615.5686		23,~~480~~709,~~236~~689.4312		24,~~985~~451,~~130~~304.98
TOTAL INTEREST COLLECTED										~~932~~851,~~012~~771.4286		4,~~819~~515,~~902~~963.7849		5,~~751~~367,~~915~~735.2135
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
Trust Fund Expenses										0.00		0.00		0.00
Non-Recoverable Advances										0.00		0.00		0.00
Reimbursements to Master Servicer										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges										0.00		0.00		~~229~~564,~~104~~757.0079
Net Wac Investment Income										0.00		0.00		0.00
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		~~229~~564,~~104~~757.0079
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										318,~~242~~116.5202		~~162~~55,~~957~~828.2796		~~194~~63,~~199~~944.8098
Trustee Fees										~~300~~282.8057		1,~~483~~423.3134		1,~~784~~705.1191
TOTAL INTEREST FEES										318,~~543~~398.3360		~~164~~57,~~440~~252.5830		~~195~~65,~~983~~650.9189
Page 5 of 27
Page 5 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Credit Enhancement Report
ACCOUNTS
RESERVE
Beginning Reserve Balance						1,000.00
Reserve Funds Deposited						10.1300
Amount withdrawn						0.00
Reserve Funds Distributed						10.1300
Ending Balance						1,000.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralized Amount														15,000,008.58
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														15,000,008.58
Page 6 of 27
Page 6 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										623		5,658		6,281
Prior										~~601~~573		5,~~551~~374		65,~~152~~947
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-1118		-72179		-83197
Repurchases										-0		-20		-20
Liquidations										-0		-0		-0
Current										~~590~~555		5,~~477~~195		65,~~067~~750
Principal Balance:
Original										172,356,218.93		827,644,353.12		1,000,000,572.05
Prior										~~164~~154,~~072~~129,~~962~~455.4529		~~809~~776,~~076~~367,~~560~~052.7423		~~973~~930,~~149~~496,~~523~~507.1952
Prefunding										0.00		0.00		0.00
Scheduled Principal										-~~144~~136,~~623~~353.5081		-~~705~~675,~~969~~777.1097		-~~850~~812,~~592~~131.6078
Partial Prepayments										~~(94~~-29,~~973~~516.~~91)~~18		-9354,~~800~~484.7663		(1-84,~~173~~000.~~15)~~81
Full Voluntary Prepayments										-35,~~503~~082,~~260~~174.9345		-1230,~~759~~175,~~336~~863.5834		-1635,~~262~~258,~~597~~037.5179
Repurchases										-0.00		-~~341,367~~0.3400		-~~341,367~~0.3400
Liquidations										-0.00		-0.00		-0.00
Current										~~160~~148,~~520~~881,~~051~~410.9385		~~795~~745,~~176~~460,~~086~~926.9629		~~955~~894,~~696~~342,~~138~~337.8914
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 27
Page 7 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.13315%		7.41895%		7.36969%
Weighted Average Coupon Prior										7.~~11278~~07955%		7.~~41263~~40238%		7.~~36171~~34816%
Weighted Average Coupon Current										7.~~08807~~06842%		7.~~40705~~39385%		7.~~35327~~33995%
Weighted Average Months to Maturity Original										355		350		351
Weighted Average Months to Maturity Prior										~~353~~351		~~349~~347		~~350~~348
Weighted Average Months to Maturity Current										~~352~~350		~~348~~346		~~349~~346
Weighted Avg Remaining Amortization Term Original										355		350		351
Weighted Avg Remaining Amortization Term Prior										~~353~~351		~~349~~347		~~350~~348
Weighted Avg Remaining Amortization Term Current										~~352~~350		~~348~~346		~~349~~346
Weighted Average Seasoning Original										2.10		2.11		2.11
Weighted Average Seasoning Prior										35.10		35.10		35.10
Weighted Average Seasoning Current										46.10		46.10		46.10
Page 8 of 27
Page 8 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.92535%		6.04064%		6.02050%
Weighted Average Margin Prior										5.~~92208~~92053%		6.~~04072~~03852%		6.~~02022~~01830%
Weighted Average Margin Current										5.~~92119~~92603%		6.~~04005~~03563%		6.~~01970~~01716%
Weighted Average Max Rate Original										13.21667%		13.51457%		13.46252%
Weighted Average Max Rate Prior										13.~~19374~~15082%		13.~~50732~~49565%		13.~~45313~~43653%
Weighted Average Max Rate Current										13.~~16515~~14348%		13.~~50117~~48851%		13.~~44362~~43037%
Weighted Average Min Rate Original										7.21667%		7.51457%		7.46252%
Weighted Average Min Rate Prior										7.~~19374~~15082%		7.~~50732~~49565%		7.~~45313~~43653%
Weighted Average Min Rate Current										7.~~16515~~14348%		7.~~50117~~48851%		7.~~44362~~43037%
Weighted Average Cap Up Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current										1.00000%		1.00000%		1.00000%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees										318,~~242~~116.5202		~~162~~55,~~957~~828.2796		~~194~~63,~~199~~944.8098
Delinquent Servicing Fees										3756,~~121~~104.2158		~~174~~267,~~157~~657.9631		~~211~~323,~~279~~761.1789
TOTAL SERVICING FEES										6864,~~363~~220.7461		~~337~~323,~~115~~486.2528		~~405~~387,~~478~~706.9889
Total Servicing Fees										6864,~~363~~220.7461		~~337~~323,~~115~~486.2528		~~405~~387,~~478~~706.9889
Compensating Interest										-45,~~833~~729.0031		-1939,~~134~~476.6849		-2345,~~967~~205.6880
Delinquent Servicing Fees										-3756,~~121~~104.2158		-~~174~~267,~~157~~657.9631		-~~211~~323,~~279~~761.1789
COLLECTED SERVICING FEES										318,~~242~~116.5202		~~162~~55,~~957~~828.2796		~~170~~18,~~232~~739.1320
Total Advaced Interest										~~504~~741,~~894~~615.5686		23,~~480~~709,~~236~~689.4312		24,~~985~~451,~~130~~304.98
Total Advaced Principal										76121,~~224~~212.5302		~~341~~566,~~508~~065.1537		~~417~~687,~~732~~277.6839
Aggregate Advances with respect to this Distribution										~~581~~862,~~119~~827.0988		24,~~821~~275,~~744~~754.5849		35,~~402~~138,~~863~~582.6637
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										45,~~833~~729.0031		1939,~~134~~476.6849		2345,~~967~~205.6880
Compensating Interest										-45,~~833~~729.0031		-1939,~~134~~476.6849		-2345,~~967~~205.6880
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Page 9 of 27
Page 9 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				918,~~305~~354,~~023~~545.6304		28,~~123~~462,~~541~~672.4313		~~410~~3,~~797~~284,391.3843		1130,~~839~~101,~~362~~608.4460
			% Balance				02.9705%		0.2295%		0.0437%		13.2437%
			# Loans				64124		1857		127		83208
			% # Loans				12.0516%		0.3099%		0.0247%		13.3762%
	FORECLOSURE		Balance		0.00		0.00		0.00		~~102~~4,~~536~~171,499.8878		~~102~~4,~~536~~171,499.8878
			% Balance		0.00%		0.00%		0.00%		0.0147%		0.0147%
			# Loans		0		0		0		132		132
			% # Loans		0.00%		0.00%		0.00%		0.0256%		0.0256%
	BANKRUPTCY		Balance		~~883~~1,~~132~~378,980.7790		~~103~~166,~~801~~259.4428		~~91,674~~0.2700		0369,975.0040		1,~~078~~915,~~608~~215.4858
			% Balance		0.0915%		0.0102%		0.0100%		0.0004%		0.1121%
			# Loans		811		12		10		03		1016
			% # Loans		0.1319%		0.0203%		0.0200%		0.0005%		0.1628%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		~~883~~1,~~132~~378,980.7790		918,~~408~~520,~~825~~804.0732		28,~~215~~462,~~215~~672.7013		~~513~~7,~~334~~825,866.2661		1336,~~020~~188,~~507~~323.8096
			% Balance		0.0915%		02.9807%		0.2395%		0.0588%		14.3605%
			# Loans		811		65126		1957		262		94256
			% # Loans		0.1319%		12.0719%		0.3199%		01.0308%		14.5545%
Page 10 of 27
Page 10 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				714,~~618~~536,~~971~~313.8819		26,~~123~~290,~~541~~230.4399		02,722,518.0063		923,~~742~~549,~~513~~062.3181
			% Balance				01.9695%		0.2784%		0.0037%		13.2316%
			# Loans				55108		1847		023		73178
			% # Loans				12.0008%		0.3390%		0.0044%		13.3343%
	FORECLOSURE		Balance		0.00		0.00		0.00		~~102~~3,~~536~~620,603.8891		~~102~~3,~~536~~620,603.8891
			% Balance		0.00%		0.00%		0.00%		0.0149%		0.0149%
			# Loans		0		0		0		129		129
			% # Loans		0.00%		0.00%		0.00%		0.0256%		0.0256%
	BANKRUPTCY		Balance		~~883~~1,~~132~~378,980.7790		~~103~~166,~~801~~259.4428		~~91,674~~0.2700		0369,975.0040		1,~~078~~915,~~608~~215.4858
			% Balance		0.1118%		0.0102%		0.0100%		0.0005%		0.1426%
			# Loans		811		12		10		03		1016
			% # Loans		0.1521%		0.0204%		0.0200%		0.0006%		0.1831%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		~~883~~1,~~132~~378,980.7790		714,~~722~~702,~~773~~572.3247		26,~~215~~290,~~215~~230.7099		~~102~~6,~~536~~713,097.8894		1029,~~923~~084,~~658~~882.6730
			% Balance		0.1118%		01.97%		0.2884%		0.0190%		13.3790%
			# Loans		811		56110		1947		155		84223
			% # Loans		0.1521%		12.0212%		0.3590%		01.0206%		14.5329%
Page 11 of 27
Page 11 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				13,~~686~~818,~~051~~231.7585		02,172,441.0014		~~410~~561,~~797~~872.3880		26,~~096~~552,~~849~~545.1379
			% Balance				12.0556%		01.0046%		0.2638%		14.3140%
			# Loans				916		010		14		1030
			% # Loans				12.5388%		01.0080%		0.1772%		15.6941%
	FORECLOSURE		Balance		0.00		0.00		0.00		0550,895.0087		0550,895.0087
			% Balance		0.00%		0.00%		0.00%		0.0037%		0.0037%
			# Loans		0		0		0		03		03
			% # Loans		0.00%		0.00%		0.00%		0.0054%		0.0054%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		13,~~686~~818,~~051~~231.7585		02,172,441.0014		~~410~~1,~~797~~112,768.3867		27,~~096~~103,~~849~~441.1366
			% Balance		0.00%		12.0556%		01.0046%		0.2675%		14.3177%
			# Loans		0		916		010		17		1033
			% # Loans		0.00%		12.5388%		01.0080%		01.1726%		15.6995%
Page 12 of 27
Page 12 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
REO Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 13 of 27
Page 13 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
64407745 1
			103,000.00		102,~~536~~416.8871		01-Apr-2004		8.990%		ID - 79.23%		360		01-Feb-2004
TOTAL			103,000.00		102,536.88
65472102 1			277,500.00		275,381.56		01-Jun-2004		7.500%		CO - 75.00%		360		01-Feb-2004
Page 14 of 27
72009707 1			114,750.00		114,311.48		01-Jun-2004		8.350%		UT - 85.00%		360		01-Jun-2004
72177124 1			66,300.00		66,147.30		01-May-2004		11.500%		FL - 83.92%		360		01-May-2004
73699423 1			79,815.00		79,647.64		01-May-2004		11.200%		MO - 83.14%		360		01-Jun-2004
73721946 1			89,250.00		89,058.79		01-May-2004		11.100%		NC - 85.00%		360		01-Jun-2004
74347980 1			221,000.00		220,113.30		01-Jun-2004		8.100%		IL - 83.40%		360		01-Jun-2004
74353723 1			108,800.00		108,367.82		01-May-2004		8.150%		PA - 85.00%		360		01-Jun-2004
74696865 1			213,750.00		212,942.90		01-Jun-2004		8.400%		MA - 75.00%		360		01-Jun-2004
74902883 1			107,250.00		106,869.07		01-May-2004		8.700%		MI - 77.16%		360		01-Jun-2004
75064584 1			132,300.00		131,815.44		01-May-2004		8.550%		IN - 90.00%		360		01-Jun-2004
75418541 1			105,000.00		104,520.31		01-Jun-2004		7.450%		NH - 64.81%		360		01-Jun-2004
75603381 1			63,000.00		62,820.02		01-Jun-2004		9.750%		PA - 58.88%		360		01-Jun-2004
75630186 1			63,750.00		63,587.84		01-May-2004		10.300%		GA - 75.00%		360		01-Jun-2004
75805002 1			60,000.00		59,867.21		01-May-2004		10.950%		NE - 75.00%		360		01-Jun-2004
75900829 1			60,000.00		59,766.47		01-May-2004		8.250%		MI - 80.00%		360		01-Jun-2004
75950568 1			97,750.00		97,473.64		01-May-2004		9.800%		FL - 85.00%		360		01-Jun-2004
75962506 1			84,750.00		84,466.38		01-Jun-2004		8.990%		MI - 75.00%		360		01-Jun-2004
76413020 1			332,000.00		330,422.35		01-May-2004		7.250%		MI - 89.73%		360		01-Jun-2004
76700822 1			195,000.00		194,271.15		01-Jun-2004		8.450%		FL - 60.00%		360		01-Jun-2004
76740323 1			60,000.00		59,837.04		01-May-2004		9.990%		GA - 54.55%		360		01-Jun-2004
76831783 1			96,000.00		95,626.32		01-May-2004		8.250%		PA - 73.85%		360		01-Jun-2004
76863349 1			60,000.00		59,813.63		01-Jun-2004		9.350%		MI - 66.67%		360		01-Jun-2004
76864727 1			127,800.00		127,292.40		01-May-2004		8.150%		IL - 90.00%		360		01-Jun-2004
76970821 1			184,984.00		184,052.36		01-Jun-2004		6.990%		CA - 61.66%		360		01-Jun-2004
77027787 1			132,000.00		131,155.25		01-Jun-2004		5.700%		UT - 81.99%		360		01-Jun-2004
77208304 1			132,000.00		131,710.42		01-Jun-2004		10.990%		GA - 83.54%		360		01-Jun-2004
77541282 1			208,000.00		207,104.81		01-Jun-2004		7.750%		WA - 87.47%		360		01-Jun-2004
77743607 1			60,000.00		59,744.30		01-Jun-2004		7.800%		AZ - 55.61%		360		01-Jun-2004
75003202 2			412,000.00		410,303.97		01-Apr-2004		8.750%		GA - 89.96%		360		01-May-2004
77531341 2			67,500.00		67,313.16		01-Jun-2004		9.900%		TN - 75.00%		360		01-Jun-2004
77660900 2			73,500.00		73,278.74		01-Jun-2004		9.500%		FL - 84.97%		360		01-Jun-2004
TOTAL			4,188,749.00		4,171,499.78
Page 14 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										1118		72179		83197
Number of Repurchased Loans										0		20		20
Total Number of Loans Prepaid in Full										1118		74179		85197
Curtailments Amount										~~-94~~29,~~973~~516.9118		9354,~~800~~484.7663		-184,~~173~~000.1581
Paid in Full Balance										35,~~503~~082,~~260~~174.9345		1230,~~759~~175,~~336~~863.5834		1635,~~262~~258,~~597~~037.5179
Repurchased Loans Balance										0.00		~~341,367~~0.3400		~~341,367~~0.3400
Total Prepayment Amount										35,~~408~~111,~~287~~690.0263		1330,~~194~~230,~~504~~347.6897		1635,~~602~~342,~~791~~038.7060
Cumulative
Number of Paid in Full Loans										2762		~~149~~431		~~176~~493
Number of Repurchased Loans										6		32		38
Total Number of Loans Prepaid in Full										3368		~~181~~463		~~214~~531
Paid in Full Balance										920,~~160~~487,~~570~~477.6198		2574,~~890~~135,~~527~~337.2617		3594,~~051~~622,~~097~~815.8715
Repurchased Loans Balance										1,863,972.37		4,210,643.92		6,074,616.29
Curtailments Amount										~~378~~414,~~526~~090.0581		~~233~~333,~~918~~008.1944		~~612~~747,~~444~~099.2425
Total Prepayment Amount										1122,~~403~~765,~~069~~541.0316		3078,~~335~~678,~~089~~989.3753		41101,~~738~~444,~~158~~530.4069
Page 15 of 27
Page 15 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										23.0832%		13.6390%		13.7180%
3 Months Avg SMM										23.2610%		12.2461%		12.4169%
12 Months Avg SMM										2.2680%		1.2498%		12.4112%
Avg SMM Since Cut-off										2.2680%		1.2498%		12.4112%
CPR										2233.2931%		1737.9294%		1837.6719%
3 Months Avg CPR										2331.9948%		1327.9017%		1527.7191%
12 Months Avg CPR										2328.9989%		1321.9038%		1522.71%
Avg CPR Since Cut-off										2328.9989%		1321.9038%		1522.71%
PSA										2,~~717~~732.9903%		23,~~185~~111.5149%		23,~~277~~050.1635%
3 Months Avg PSA Approximation										3,~~866~~088.9142%		2,~~238~~665.2028%		2,~~529~~737.5697%
12 Months Avg PSA Approximation										3,~~866~~524.9126%		2,~~238~~606.2032%		2,~~529~~768.5629%
Avg PSA Since Cut-off Approximation										3,~~866~~524.9025%		2,~~238~~606.2033%		2,~~529~~768.5629%
Page 16 of 27
Page 16 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
PREPAYMENT CALCULATION METHODOLOGY
	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)
	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*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, liquidations, and repurchases.
	Dates correspond to distribution dates.
Page 17 of 27
Page 17 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
60237021 1			120,000.00		119,440.08			16-Aug-2004		9.400%		WI - 73.62%		Paid Off - 360		01-Dec-2003
61773446 1			116,250.00		115,769.35			14-Oct-2004		10.500%		CA - 75.00%		Paid Off - 360		1/1/2004
62018981 1			60,000.00		59,803.25			03-Sep-2004		10.500%		FL - 52.17%		Paid Off - 360		01-Jan-2004
61883385 1			64,000.00		63,625.34			04-Nov-2004		9.500%		LA - 73.56%		Paid Off - 360		1/1/2004
62165824 1			91,725.00		91,427.46			18-Aug-2004		10.550%		WI - 87.36%		Paid Off - 360		01-Jan-2004
62028543 2			82,400.00		81,894.86			20-Oct-2004		8.600%		TX - 80.00%		Paid Off - 360		1/1/2004
62605860 1			275,000.00		268,208.51			27-Aug-2004		7.500%		NY - 79.71%		Paid Off - 180		01-Jan-2004
62787726 1			78,000.00		77,311.14			02-Nov-2004		6.750%		FL - 70.91%		Paid Off - 360		1/1/2004
63224422 2			198,000.00		197,276.95			26-Aug-2004		9.990%		NY - 59.64%		Paid Off - 360		01-Jan-2004
62918826 1			284,390.00		282,302.90			03-Nov-2004		7.700%		NJ - 84.89%		Paid Off - 360		1/1/2004
63449342 1			166,500.00		165,631.78			18-Aug-2004		8.500%		MN - 90.00%		Paid Off - 360		01-Jan-2004
64622541 1			130,500.00		129,789.88			14-Oct-2004		8.650%		MD - 90.00%		Paid Off - 360		2/1/2004
70691365 2			114,000.00		113,017.23			13-Aug-2004		7.990%		OH - 75.00%		Paid Off - 240		01-Apr-2004
70362082 1			79,200.00		77,845.41			18-Oct-2004		8.350%		TX - 90.00%		Paid Off - 180		5/1/2004
72162241 1			94,875.00		94,666.64			23-Aug-2004		7.600%		FL - 82.50%		Paid Off - 360		01-Jun-2004
71148647 1			185,500.00		184,703.45			21-Oct-2004		7.050%		NY - 52.25%		Paid Off - 360		6/1/2004
73702805 1			217,000.00		215,278.72			31-Aug-2004		6.990%		NY - 71.15%		Paid Off - 240		01-May-2004
71376826 1			106,500.00		106,093.76			22-Oct-2004		8.350%		CA - 75.00%		Paid Off - 360		5/1/2004
73833964 2			507,000.00		505,549.27			11-Aug-2004		6.250%		NY - 75.11%		Paid Off - 360		01-Jun-2004
71471320 1			216,750.00		215,806.33			02-Nov-2004		6.750%		CA - 85.00%		Paid Off - 360		6/1/2004
73972986 1			#######		202,133.12			24-Aug-2004		8.550%		IL - 75.00%		Paid Off - 360		01-Jun-2004
72675143 1			135,600.00		135,191.79			26-Oct-2004		8.600%		FL - 60.00%		Paid Off - 360		6/1/2004
74315623 1			119,000.00		118,856.89			07-Sep-2004		10.500%		FL - 85.00%		Paid Off - 360		01-Jun-2004
72684822 1			271,800.00		270,874.02			15-Oct-2004		7.990%		CA - 90.00%		Paid Off - 360		6/1/2004
74393547 2			567,000.00		565,453.91			11-Aug-2004		6.500%		MD - 90.00%		Paid Off - 360		01-Jun-2004
72913627 1			201,000.00		199,525.80			14-Oct-2004		6.150%		CT - 82.04%		Paid Off - 360		6/1/2004
74666405 1			312,574.00		311,355.27			03-Sep-2004		6.150%		MA - 80.15%		Paid Off - 360		01-May-2004
72920283 1			337,500.00		336,001.85			27-Oct-2004		6.650%		HI - 85.44%		Paid Off - 360		6/1/2004
74726845 1			95,000.00		94,778.51			11-Aug-2004		7.300%		CA - 71.43%		Paid Off - 360		01-Jun-2004
73051989 1			132,500.00		132,007.28			25-Oct-2004		8.500%		MD - 71.62%		Paid Off - 360		5/1/2004
74867680 2			143,150.00		142,859.32			10-Sep-2004		7.990%		MN - 74.95%		Paid Off - 360		01-Jun-2004
73183063 1			80,000.00		79,754.18			01-Nov-2004		8.500%		MI - 50.00%		Paid Off - 360		6/1/2004
75005868 1			60,000.00		59,857.19			12-Aug-2004		8.250%		CO - 61.86%		Paid Off - 360		01-Jun-2004
73329062 1			96,000.00		94,931.79			30-Oct-2004		9.800%		SC - 75.00%		Paid Off - 360		6/1/2004
75036681 1			255,000.00		254,304.66			02-Sep-2004		6.500%		CA - 85.00%		Paid Off - 360		01-Jun-2004
73347882 1			207,195.00		206,334.13			03-Nov-2004		6.990%		HI - 76.74%		Paid Off - 360		6/1/2004
75039305 1			273,000.00		272,273.37			27-Aug-2004		7.050%		CA - 69.11%		Paid Off - 360		01-Jun-2004
73440141 1			99,000.00		98,328.19			09-Nov-2004		9.990%		IL - 89.19%		Paid Off - 360		6/1/2004
75110544 1			300,000.00		299,090.94			17-Aug-2004		5.950%		CA - 50.00%		Paid Off - 360		01-Jun-2004
73664708 1			288,150.00		287,473.93			13-Oct-2004		9.800%		NC - 85.00%		Paid Off - 360		6/1/2004
75146324 1			104,350.00		104,048.52			11-Aug-2004		6.200%		CA - 89.96%		Paid Off - 360		01-Jun-2004
73855561 1			63,750.00		63,547.25			01-Nov-2004		11.550%		GA - 75.00%		Paid Off - 360		6/1/2004
75158287 1			198,000.00		197,734.46			09-Sep-2004		9.990%		RI - 76.15%		Paid Off - 360		01-Jun-2004
73891046 1			140,000.00		139,523.02			22-Oct-2004		7.990%		CA - 80.00%		Paid Off - 360		6/1/2004
75232462 1			230,000.00		229,308.34			10-Sep-2004		5.990%		CA - 67.65%		Paid Off - 360		01-Jun-2004
73954240 1			182,750.00		182,233.38			26-Oct-2004		9.800%		MA - 85.00%		Paid Off - 360		5/1/2004
75236026 1			193,500.00		193,145.82			25-Aug-2004		8.500%		IL - 90.00%		Paid Off - 360		01-Jun-2004
74205683 1			315,000.00		313,873.92			09-Nov-2004		7.750%		MA - 90.00%		Paid Off - 360		6/1/2004
75243568 1			138,750.00		138,520.44			01-Sep-2004		8.990%		CA - 75.00%		Paid Off - 360		01-Jun-2004
74243189 1			195,500.00		194,606.67			09-Nov-2004		6.500%		MA - 72.41%		Paid Off - 360		6/1/2004
75245928 1			258,000.00		257,303.27			24-Aug-2004		6.550%		MA - 48.31%		Paid Off - 360		01-Jun-2004
74361205 1			237,000.00		236,438.08			29-Oct-2004		9.750%		NY - 78.48%		Paid Off - 360		6/1/2004
75286948 1			242,000.00		241,570.49			02-Sep-2004		8.650%		CA - 84.91%		Paid Off - 360		01-Jun-2004
74592924 1			113,000.00		112,563.21			13-Oct-2004		7.750%		CA - 81.88%		Paid Off - 360		6/1/2004
75307744 1			93,000.00		92,785.32			31-Aug-2004		7.350%		MI - 83.04%		Paid Off - 360		01-Jun-2004
74639105 1			63,750.00		63,616.89			15-Oct-2004		10.350%		FL - 75.00%		Paid Off - 360		6/1/2004
75317164 1			135,000.00		134,665.41			02-Sep-2004		6.990%		MA - 90.00%		Paid Off - 360		01-Jun-2004
74658980 1			72,250.00		72,111.49			10-Nov-2004		10.750%		MO - 85.00%		Paid Off - 360		6/1/2004
75338707 1			281,000.00		280,303.58			12-Aug-2004		6.990%		NY - 70.25%		Paid Off - 360		01-Jun-2004
74676669 1			205,600.00		204,564.18			02-Nov-2004		5.990%		NV - 79.08%		Paid Off - 360		6/1/2004
75377648 1			152,999.00		152,601.58			20-Aug-2004		6.750%		NV - 90.00%		Paid Off - 360		01-Jun-2004
74706300 1			333,000.00		332,319.36			18-Oct-2004		10.450%		WA - 83.25%		Paid Off - 360		6/1/2004
75456822 1			257,550.00		257,043.70			17-Aug-2004		8.150%		IL - 83.08%		Paid Off - 360		01-Jun-2004
74706441 1			280,000.00		279,046.10			19-Oct-2004		7.990%		CA - 80.00%		Paid Off - 360		6/1/2004
75480806 1			225,000.00		224,442.39			30-Aug-2004		6.990%		PA - 90.00%		Paid Off - 360		01-Jun-2004
74785809 2			565,000.00		562,652.59			21-Oct-2004		6.990%		CA - 67.26%		Paid Off - 360		6/1/2004
75556340 1			320,000.00		319,460.59			31-Aug-2004		8.900%		CA - 87.67%		Paid Off - 360		01-Jun-2004
74787169 1			170,000.00		169,361.22			29-Oct-2004		7.500%		IL - 72.96%		Paid Off - 360		6/1/2004
75569863 1			240,000.00		239,528.21			24-Aug-2004		8.150%		RI - 82.76%		Paid Off - 360		01-Jun-2004
74792441 1			89,250.00		89,089.31			09-Nov-2004		13.150%		CT - 85.00%		Paid Off - 360		6/1/2004
75583104 1			112,500.00		112,271.54			23-Aug-2004		7.990%		FL - 72.58%		Paid Off - 360		01-Jun-2004
74826843 1			86,400.00		86,137.23			18-Oct-2004		8.550%		NC - 90.00%		Paid Off - 360		6/1/2004
75608406 1			255,000.00		254,482.19			13-Aug-2004		7.990%		CA - 55.43%		Paid Off - 360		01-Jun-2004
74843962 1			279,000.00		277,951.67			18-Oct-2004		7.500%		OH - 90.00%		Paid Off - 360		6/1/2004
Page 18 of 27
Page 18 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
75652206 1			67,929.00		67,831.08			13-Aug-2004		9.650%		FL - 79.92%		Paid Off - 360		01-Jun-2004
74870023 1			178,000.00		177,113.54			02-Nov-2004		6.050%		CA - 75.63%		Paid Off - 360		6/1/2004
75687681 1			238,400.00		237,749.91			26-Aug-2004		6.500%		AZ - 79.20%		Paid Off - 360		01-Jun-2004
74882069 1			78,000.00		77,396.73			14-Oct-2004		6.990%		TX - 70.91%		Paid Off - 300		6/1/2004
75733642 2			342,000.00		341,233.77			31-Aug-2004		7.500%		CA - 90.00%		Paid Off - 360		01-Jun-2004
74884305 1			179,500.00		178,901.87			03-Nov-2004		8.100%		MN - 89.75%		Paid Off - 360		6/1/2004
75764886 1			181,050.00		180,592.24			18-Aug-2004		7.850%		CA - 84.21%		Paid Off - 360		01-Jun-2004
74887480 1			250,000.00		249,208.07			22-Oct-2004		8.350%		CA - 65.79%		Paid Off - 360		6/1/2004
75772947 1			138,750.00		138,432.90			11-Aug-2004		7.400%		FL - 75.00%		Paid Off - 360		01-Jun-2004
74913104 1			205,000.00		204,016.94			03-Nov-2004		6.250%		MD - 89.52%		Paid Off - 360		6/1/2004
75790808 1			189,500.00		188,998.08			17-Aug-2004		6.650%		ME - 84.98%		Paid Off - 360		01-Jun-2004
74914565 1			188,500.00		187,596.34			09-Nov-2004		6.250%		MA - 66.74%		Paid Off - 360		6/1/2004
75843003 1			64,800.00		64,729.88			26-Aug-2004		10.990%		KS - 90.00%		Paid Off - 360		01-Jun-2004
74917741 1			94,500.00		94,178.04			01-Nov-2004		7.990%		MS - 90.00%		Paid Off - 360		6/1/2004
75945402 1			100,000.00		99,812.86			10-Sep-2004		8.400%		CA - 82.64%		Paid Off - 360		01-Jun-2004
74960949 1			220,500.00		219,695.86			19-Oct-2004		7.650%		NV - 90.00%		Paid Off - 360		6/1/2004
75960526 1			302,500.00		301,855.35			24-Aug-2004		7.750%		FL - 55.00%		Paid Off - 360		01-Jun-2004
74961749 1			146,999.00		146,590.62			02-Nov-2004		8.990%		NV - 60.00%		Paid Off - 360		6/1/2004
75998880 1			272,000.00		271,359.58			13-Aug-2004		7.250%		NY - 38.86%		Paid Off - 360		01-Jun-2004
74967365 1			83,000.00		82,655.14			11-Oct-2004		6.990%		FL - 55.33%		Paid Off - 360		6/1/2004
76017946 2			497,700.00		496,760.65			25-Aug-2004		8.350%		CA - 90.00%		Paid Off - 360		01-Jun-2004
75087841 2			174,250.00		173,656.21			02-Nov-2004		7.990%		RI - 85.00%		Paid Off - 360		6/1/2004
76097906 1			112,000.00		111,736.30			16-Aug-2004		7.250%		CA - 70.00%		Paid Off - 360		01-Jun-2004
75103267 1			104,470.00		103,992.61			21-Oct-2004		6.500%		WI - 90.00%		Paid Off - 360		6/1/2004
76157668 2			356,150.00		355,570.45			10-Sep-2004		10.200%		MD - 85.00%		Paid Off - 360		01-Jun-2004
75115469 1			184,944.00		184,098.89			05-Nov-2004		6.500%		FL - 82.20%		Paid Off - 360		6/1/2004
76164482 1			108,750.00		108,566.67			26-Aug-2004		8.900%		IL - 75.00%		Paid Off - 360		01-Jun-2004
75177162 1			295,000.00		292,579.79			19-Oct-2004		5.850%		CA - 77.63%		Paid Off - 360		6/1/2004
76227784 1			175,000.00		174,316.22			12-Aug-2004		10.150%		ME - 57.76%		Paid Off - 240		01-Jun-2004
75193243 1			105,000.00		104,539.13			12-Oct-2004		7.250%		FL - 70.95%		Paid Off - 360		6/1/2004
76235209 1			301,500.00		300,716.84			12-Aug-2004		6.750%		FL - 90.00%		Paid Off - 360		01-Jun-2004
75232629 2			77,000.00		76,774.02			21-Oct-2004		8.750%		IL - 38.12%		Paid Off - 360		6/1/2004
76259647 1			146,250.00		146,006.00			31-Aug-2004		8.950%		MD - 75.00%		Paid Off - 360		01-Jun-2004
75272781 1			198,000.00		197,162.78			04-Nov-2004		6.900%		CA - 88.79%		Paid Off - 360		6/1/2004
76295989 1			168,456.00		167,949.41			07-Sep-2004		5.990%		NV - 90.00%		Paid Off - 360		01-Jun-2004
75292201 1			160,500.00		160,016.88			19-Oct-2004		8.600%		WA - 75.00%		Paid Off - 360		6/1/2004
76348507 1			125,702.00		125,419.88			09-Sep-2004		7.500%		MD - 90.00%		Paid Off - 360		01-Jun-2004
75333781 1			128,000.00		127,560.37			26-Oct-2004		7.950%		MN - 60.95%		Paid Off - 360		6/1/2004
76381441 1			346,000.00		345,516.91			19-Aug-2004		9.800%		CT - 74.41%		Paid Off - 360		01-Jun-2004
75335687 2			126,000.00		125,649.94			27-Oct-2004		8.990%		CO - 90.00%		Paid Off - 360		6/1/2004
76384346 1			215,000.00		214,360.79			17-Aug-2004		6.050%		CA - 47.78%		Paid Off - 360		01-Jun-2004
75336420 1			109,500.00		109,195.77			03-Nov-2004		8.990%		CA - 60.00%		Paid Off - 360		6/1/2004
76402528 1			107,200.00		107,038.87			18-Aug-2004		9.450%		WI - 58.90%		Paid Off - 360		01-Jun-2004
75341800 1			204,000.00		203,404.52			02-Nov-2004		8.750%		ME - 60.00%		Paid Off - 360		6/1/2004
76419647 1			227,500.00		227,015.18			31-Aug-2004		7.750%		HI - 65.00%		Paid Off - 360		01-Jun-2004
75447029 1			225,250.00		224,557.96			29-Oct-2004		8.500%		IL - 83.43%		Paid Off - 360		6/1/2004
76616168 1			143,000.00		142,724.54			16-Aug-2004		8.250%		MD - 88.27%		Paid Off - 360		01-Jun-2004
75455907 1			158,000.00		157,457.36			03-Nov-2004		7.950%		IL - 64.49%		Paid Off - 360		6/1/2004
76761600 1			63,750.00		63,664.48			31-Aug-2004		9.990%		IN - 75.00%		Paid Off - 360		01-Jun-2004
75459503 1			125,000.00		124,341.15			12-Oct-2004		5.750%		FL - 89.29%		Paid Off - 360		6/1/2004
76794528 1			153,000.00		152,620.81			12-Aug-2004		6.990%		FL - 72.86%		Paid Off - 360		01-Jun-2004
75490623 1			261,000.00		260,019.32			15-Oct-2004		7.500%		MD - 90.00%		Paid Off - 360		6/1/2004
76936806 1			100,000.00		99,705.79			31-Aug-2004		6.990%		MA - 62.50%		Paid Off - 360		01-Jun-2004
75509802 1			100,000.00		99,560.39			15-Oct-2004		6.700%		CA - 25.97%		Paid Off - 360		6/1/2004
76979707 1			191,250.00		191,002.08			03-Sep-2004		10.150%		ME - 85.00%		Paid Off - 360		01-Jun-2004
75524967 1			96,000.00		95,765.07			21-Oct-2004		9.600%		FL - 58.18%		Paid Off - 360		6/1/2004
76998384 1			108,000.00		107,243.79			31-Aug-2004		7.300%		WI - 84.59%		Paid Off - 360		01-Jun-2004
75537860 1			105,000.00		104,628.34			13-Oct-2004		7.800%		MD - 75.00%		Paid Off - 360		6/1/2004
77102242 1			103,000.00		102,413.04			08-Sep-2004		7.950%		WI - 73.57%		Paid Off - 360		01-Jun-2004
75541888 1			110,500.00		110,158.73			08-Nov-2004		8.600%		FL - 85.00%		Paid Off - 360		6/1/2004
77124725 1			315,000.00		314,132.73			31-Aug-2004		6.450%		WA - 89.24%		Paid Off - 360		01-Jun-2004
75570168 1			176,000.00		173,731.50			08-Nov-2004		5.800%		CA - 44.00%		Paid Off - 300		6/1/2004
77130128 2			200,000.00		199,529.08			31-Aug-2004		7.250%		IL - 81.63%		Paid Off - 360		01-Jun-2004
75575126 1			102,500.00		102,168.67			30-Oct-2004		8.250%		CA - 59.59%		Paid Off - 360		6/1/2004
77168086 1			285,000.00		284,416.61			23-Aug-2004		7.950%		CA - 75.00%		Paid Off - 360		01-Jun-2004
75635706 1			189,000.00		188,152.88			19-Oct-2004		6.600%		MA - 70.52%		Paid Off - 360		6/1/2004
77201408 1			262,000.00		261,278.62			12-Aug-2004		6.450%		MD - 80.62%		Paid Off - 360		01-Jun-2004
75640045 1			210,000.00		208,942.19			27-Oct-2004		5.990%		CA - 76.36%		Paid Off - 360		6/1/2004
77203388 1			87,805.00		87,649.14			16-Aug-2004		8.650%		MI - 85.00%		Paid Off - 360		01-Jun-2004
75642009 1			110,000.00		109,610.67			02-Nov-2004		7.800%		CA - 57.89%		Paid Off - 360		6/1/2004
77332880 1			162,000.00		161,583.29			01-Sep-2004		6.800%		NC - 87.57%		Paid Off - 360		01-Jun-2004
75665364 1			289,000.00		287,997.45			04-Nov-2004		7.900%		MA - 82.34%		Paid Off - 360		6/1/2004
77333821 1			144,000.00		143,591.88			07-Sep-2004		6.300%		MD - 85.25%		Paid Off - 360		01-Jun-2004
75669622 1			88,000.00		87,620.55			02-Nov-2004		6.800%		CA - 73.33%		Paid Off - 360		6/1/2004
77350189 1			212,500.00		211,931.68			27-Aug-2004		6.600%		CA - 83.99%		Paid Off - 360		01-Jun-2004
75681122 1			82,000.00		81,774.97			04-Nov-2004		9.050%		MD - 74.55%		Paid Off - 360		6/1/2004
Page 19 of 27
Page 19 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
77521789 1			84,000.00		83,858.40			24-Aug-2004		8.900%		FL - 75.00%		Paid Off - 360		01-Jun-2004
75693028 1			240,000.00		239,488.08			12-Oct-2004		10.250%		NY - 78.69%		Paid Off - 360		6/1/2004
77527927 1			240,000.00		239,602.93			31-Aug-2004		8.990%		NY - 80.00%		Paid Off - 360		01-Jun-2004
75712901 1			109,000.00		108,629.27			27-Oct-2004		8.100%		MN - 77.30%		Paid Off - 360		6/1/2004
77561686 2			337,500.00		336,437.81			03-Sep-2004		5.750%		CA - 90.00%		Paid Off - 360		01-Jun-2004
75722488 2			454,700.00		452,662.00			28-Oct-2004		6.600%		CA - 84.99%		Paid Off - 360		6/1/2004
77583326 1			107,950.00		107,737.78			25-Aug-2004		8.150%		IL - 85.00%		Paid Off - 360		01-Jun-2004
75735340 1			80,000.00		79,667.61			30-Oct-2004		6.990%		OH - 89.89%		Paid Off - 360		6/1/2004
77719425 1			128,500.00		128,121.58			01-Sep-2004		6.100%		CA - 79.57%		Paid Off - 360		01-Jun-2004
75735589 1			124,200.00		123,798.49			13-Oct-2004		8.250%		NH - 60.00%		Paid Off - 360		6/1/2004
77926541 1			160,200.00		159,900.71			17-Aug-2004		8.400%		MD - 90.00%		Paid Off - 360		01-Jun-2004
75774802 1			163,500.00		162,820.68			18-Oct-2004		6.990%		NY - 83.85%		Paid Off - 360		6/1/2004
77942563 1			80,000.00		79,829.51			16-Aug-2004		7.750%		IL - 40.00%		Paid Off - 360		01-Jun-2004
75788364 1			119,200.00		118,862.62			09-Nov-2004		8.900%		CA - 59.60%		Paid Off - 360		6/1/2004
78972346 2			250,000.00		249,572.49			07-Sep-2004		6.800%		MD - 86.21%		Paid Off - 360		01-Jul-2004
75801068 1			144,000.00		143,485.11			11-Oct-2004		7.990%		RI - 80.00%		Paid Off - 360		6/1/2004
73552762 1			225,000.00		224,325.76			08-Sep-2004		7.500%		LA - 90.00%		Repur/Subs - 360		01-Jun-2004
75816561 1			210,000.00		209,170.88			08-Nov-2004		7.250%		IL - 84.00%		Paid Off - 360		6/1/2004
74695263 1			117,000.00		116,806.43			09-Sep-2004		8.990%		TN - 90.00%		Repur/Subs - 360		01-Jul-2004
75846428 1			123,500.00		122,973.42			18-Oct-2004		7.500%		NH - 63.33%		Paid Off - 360		6/1/2004
TOTAL			16,652,565.00		16,603,729.70
75847681 2			388,000.00		387,080.07			28-Oct-2004		9.750%		NY - 71.85%		Paid Off - 360		6/1/2004
Page 20 of 27
75848267 1			93,500.00		93,218.52			21-Oct-2004		8.600%		WI - 79.24%		Paid Off - 360		6/1/2004
75868364 1			287,500.00		286,248.34			29-Oct-2004		6.750%		CA - 78.77%		Paid Off - 360		6/1/2004
75878140 2			372,000.00		370,025.70			02-Nov-2004		5.990%		CA - 79.32%		Paid Off - 360		6/1/2004
75926048 1			60,000.00		59,806.06			02-Nov-2004		8.250%		HI - 73.17%		Paid Off - 360		6/1/2004
75949826 1			229,700.00		228,956.48			02-Nov-2004		8.250%		NY - 72.92%		Paid Off - 360		6/1/2004
76001809 1			192,500.00		191,620.38			04-Nov-2004		6.500%		CA - 76.39%		Paid Off - 360		6/1/2004
76012541 1			300,000.00		298,280.27			25-Oct-2004		5.300%		CA - 69.77%		Paid Off - 360		6/1/2004
76058544 1			216,000.00		214,984.16			28-Oct-2004		6.350%		CA - 84.71%		Paid Off - 360		6/1/2004
76066844 1			165,000.00		164,410.10			30-Oct-2004		7.750%		MD - 75.00%		Paid Off - 360		6/1/2004
76067743 1			112,456.00		111,988.78			20-Oct-2004		6.990%		FL - 72.15%		Paid Off - 360		6/1/2004
76069244 1			110,000.00		109,694.37			09-Nov-2004		8.990%		CA - 44.00%		Paid Off - 360		6/1/2004
76151547 1			102,000.00		101,576.19			15-Oct-2004		6.990%		IL - 57.93%		Paid Off - 360		6/1/2004
76163021 1			289,000.00		288,156.40			02-Nov-2004		8.750%		CA - 85.00%		Paid Off - 360		6/1/2004
76170588 1			400,000.00		398,706.99			10-Nov-2004		8.250%		NY - 78.90%		Paid Off - 360		6/1/2004
76171982 1			88,000.00		87,737.77			04-Nov-2004		8.650%		MD - 80.00%		Paid Off - 360		6/1/2004
76172287 1			92,250.00		91,486.13			29-Oct-2004		8.990%		MD - 75.00%		Paid Off - 360		6/1/2004
76181684 1			114,300.00		113,741.49			13-Oct-2004		6.150%		MI - 93.69%		Paid Off - 360		6/1/2004
76208180 1			175,000.00		174,128.47			18-Oct-2004		6.050%		CA - 87.06%		Paid Off - 360		6/1/2004
76212026 1			162,000.00		161,223.35			21-Oct-2004		6.250%		CA - 87.57%		Paid Off - 360		6/1/2004
76219666 1			120,000.00		119,408.01			20-Oct-2004		6.100%		CO - 75.00%		Paid Off - 360		6/1/2004
76241728 2			68,850.00		68,570.02			08-Nov-2004		7.100%		FL - 85.00%		Paid Off - 360		6/1/2004
76275023 1			106,200.00		105,746.52			09-Nov-2004		6.850%		PA - 90.00%		Paid Off - 360		6/1/2004
76275569 1			192,000.00		191,233.54			19-Oct-2004		7.250%		CA - 68.57%		Paid Off - 360		6/1/2004
76279587 1			171,000.00		170,524.92			02-Nov-2004		8.990%		MD - 84.65%		Paid Off - 360		6/1/2004
76318187 1			537,000.00		534,639.28			02-Nov-2004		6.700%		CA - 64.31%		Paid Off - 360		6/1/2004
76321108 1			325,000.00		323,571.25			02-Nov-2004		6.700%		CA - 69.15%		Paid Off - 360		6/1/2004
76344845 1			139,500.00		138,201.12			13-Oct-2004		7.350%		TN - 90.00%		Paid Off - 240		6/1/2004
Page 20 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
76358209 1			227,000.00		225,909.04			03-Nov-2004		6.250%		WA - 74.92%		Paid Off - 360		6/1/2004
76359843 1			119,400.00		119,101.67			08-Nov-2004		9.500%		GA - 85.90%		Paid Off - 360		6/1/2004
76369560 1			230,400.00		229,472.31			21-Oct-2004		7.150%		NH - 90.00%		Paid Off - 360		6/1/2004
76375666 1			151,000.00		150,403.84			11-Oct-2004		7.250%		MD - 68.64%		Paid Off - 360		6/1/2004
76384148 1			285,000.00		284,097.25			14-Oct-2004		8.350%		NY - 75.00%		Paid Off - 360		6/1/2004
76399567 2			575,000.00		572,136.42			09-Nov-2004		6.050%		CA - 84.56%		Paid Off - 360		6/1/2004
76441765 1			132,000.00		131,451.54			10-Nov-2004		6.990%		AZ - 89.80%		Paid Off - 360		6/1/2004
76452143 1			71,000.00		70,770.49			03-Nov-2004		8.250%		WI - 64.55%		Paid Off - 360		6/1/2004
76536283 1			283,450.00		282,038.39			26-Oct-2004		6.050%		CA - 89.98%		Paid Off - 360		6/1/2004
76537422 1			83,000.00		82,736.46			01-Nov-2004		8.350%		IL - 87.37%		Paid Off - 360		6/1/2004
76540145 1			132,000.00		131,378.99			20-Oct-2004		6.350%		CA - 62.86%		Paid Off - 360		6/1/2004
76582287 1			140,250.00		139,860.34			18-Oct-2004		8.990%		CT - 85.00%		Paid Off - 360		6/1/2004
76601244 1			140,500.00		139,900.09			26-Oct-2004		6.850%		CA - 89.21%		Paid Off - 360		6/1/2004
76614866 1			251,570.00		250,364.01			03-Nov-2004		6.250%		NH - 75.10%		Paid Off - 360		6/1/2004
76640580 1			225,000.00		224,059.94			15-Oct-2004		6.990%		CA - 72.58%		Paid Off - 360		6/1/2004
76644723 1			170,400.00		169,832.18			10-Nov-2004		8.100%		RI - 80.00%		Paid Off - 360		6/1/2004
76713387 1			204,000.00		202,914.64			12-Oct-2004		5.700%		FL - 87.93%		Paid Off - 360		6/1/2004
76719764 2			457,000.00		455,282.82			20-Oct-2004		7.500%		CA - 81.75%		Paid Off - 360		6/1/2004
76726686 2			162,000.00		161,454.68			10-Nov-2004		8.050%		MN - 77.14%		Paid Off - 360		6/1/2004
76752948 2			208,250.00		207,510.11			25-Oct-2004		8.100%		MD - 83.30%		Paid Off - 360		6/1/2004
76756121 1			212,500.00		211,390.43			15-Oct-2004		5.800%		CA - 85.69%		Paid Off - 360		6/1/2004
76756428 1			203,850.00		203,191.06			19-Oct-2004		8.250%		IL - 90.60%		Paid Off - 360		6/1/2004
76795087 1			144,000.00		143,373.04			19-Oct-2004		6.750%		CT - 90.00%		Paid Off - 360		6/1/2004
76825587 1			237,500.00		236,667.76			20-Oct-2004		7.850%		MA - 68.25%		Paid Off - 360		6/1/2004
76849702 1			91,000.00		90,834.39			14-Oct-2004		10.990%		CT - 64.54%		Paid Off - 360		6/1/2004
76863307 1			131,000.00		130,593.41			18-Oct-2004		8.450%		RI - 59.55%		Paid Off - 360		6/1/2004
76870641 1			222,100.00		221,367.36			15-Oct-2004		8.150%		CA - 59.87%		Paid Off - 360		6/1/2004
76894005 1			135,000.00		134,492.74			14-Oct-2004		7.500%		CA - 90.00%		Paid Off - 360		6/1/2004
76935428 1			97,500.00		97,276.01			26-Oct-2004		9.900%		KS - 75.00%		Paid Off - 360		6/1/2004
76936863 1			114,000.00		113,498.84			08-Nov-2004		6.700%		FL - 67.86%		Paid Off - 360		6/1/2004
76939487 1			313,775.00		312,859.10			26-Oct-2004		8.750%		NY - 80.04%		Paid Off - 360		6/1/2004
76949361 1			257,178.00		256,276.85			21-Oct-2004		7.850%		NY - 79.13%		Paid Off - 360		6/1/2004
76952282 1			116,000.00		115,550.99			25-Oct-2004		7.350%		CA - 36.25%		Paid Off - 360		6/1/2004
76977321 1			60,000.00		59,842.04			21-Oct-2004		9.250%		CA - 27.27%		Paid Off - 360		6/1/2004
77039006 1			60,000.00		59,867.82			13-Oct-2004		10.100%		FL - 20.00%		Paid Off - 360		6/1/2004
77058584 1			184,500.00		183,840.39			28-Oct-2004		7.750%		CA - 90.00%		Paid Off - 360		6/1/2004
77060663 1			236,932.00		235,635.51			18-Oct-2004		5.550%		MA - 83.43%		Paid Off - 360		6/1/2004
77119667 1			105,000.00		104,581.35			21-Oct-2004		7.200%		CA - 22.83%		Paid Off - 360		6/1/2004
Page 21 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
2004-R5
November 26, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
77124303 1			119,700.00		119,320.15			20-Oct-2004		11.200%		NY - 90.00%		Paid Off - 360		6/1/2004
77150563 1			80,250.00		80,015.74			14-Oct-2004		8.750%		FL - 75.00%		Paid Off - 360		6/1/2004
77153021 2			60,000.00		59,804.04			20-Oct-2004		8.200%		FL - 52.17%		Paid Off - 360		6/1/2004
77173821 1			168,000.00		166,448.47			15-Oct-2004		6.300%		PA - 70.59%		Paid Off - 360		6/1/2004
77188522 1			255,000.00		254,291.54			29-Oct-2004		8.990%		MI - 99.00%		Paid Off - 360		6/1/2004
77198364 1			174,800.00		174,162.48			09-Nov-2004		7.650%		GA - 87.40%		Paid Off - 360		6/1/2004
77208668 2			440,000.00		437,890.68			22-Oct-2004		6.250%		CA - 80.00%		Paid Off - 360		6/1/2004
77216349 1			188,038.00		187,397.38			25-Oct-2004		7.990%		CA - 59.69%		Paid Off - 360		6/1/2004
77272409 1			93,000.00		92,683.13			14-Oct-2004		7.990%		FL - 58.13%		Paid Off - 360		6/1/2004
77294064 1			115,000.00		114,081.44			18-Oct-2004		6.800%		NH - 46.56%		Paid Off - 360		6/1/2004
77298842 1			153,000.00		152,474.52			02-Nov-2004		7.950%		CA - 24.56%		Paid Off - 360		6/1/2004
77299386 2			123,000.00		122,799.64			01-Nov-2004		11.500%		RI - 57.21%		Paid Off - 360		6/1/2004
77300366 1			252,000.00		250,859.57			22-Oct-2004		6.550%		CA - 70.00%		Paid Off - 360		6/1/2004
77334365 1			164,000.00		163,572.73			19-Oct-2004		9.300%		WI - 82.00%		Paid Off - 360		6/1/2004
77351104 1			75,000.00		74,822.16			04-Nov-2004		9.750%		MA - 59.52%		Paid Off - 360		6/1/2004
77356525 1			160,000.00		159,404.74			19-Oct-2004		7.550%		RI - 64.00%		Paid Off - 360		6/1/2004
77362283 2			369,900.00		368,034.77			19-Oct-2004		5.990%		FL - 90.00%		Paid Off - 360		6/1/2004
77406668 2			403,000.00		398,295.88			15-Oct-2004		6.200%		CA - 94.82%		Paid Off - 360		6/1/2004
77427904 1			244,000.00		242,895.77			28-Oct-2004		6.550%		MA - 73.49%		Paid Off - 360		6/1/2004
77460665 1			60,000.00		59,770.03			05-Nov-2004		7.400%		FL - 37.50%		Paid Off - 360		6/1/2004
77476380 1			236,000.00		234,751.77			30-Oct-2004		5.800%		CA - 63.37%		Paid Off - 360		6/1/2004
77484640 1			189,350.00		188,442.24			10-Nov-2004		6.250%		MD - 90.00%		Paid Off - 360		6/1/2004
77486728 1			130,000.00		129,297.86			28-Oct-2004		6.450%		MA - 61.03%		Paid Off - 360		6/1/2004
77533966 1			291,000.00		288,947.30			20-Oct-2004		5.700%		MI - 63.12%		Paid Off - 360		6/1/2004
77538767 1			319,600.00		317,958.05			15-Oct-2004		5.900%		CA - 77.95%		Paid Off - 360		6/1/2004
77550085 1			191,250.00		190,502.35			14-Oct-2004		7.300%		CA - 75.00%		Paid Off - 360		6/1/2004
77589141 1			115,000.00		114,584.65			26-Oct-2004		7.700%		MA - 71.88%		Paid Off - 360		6/1/2004
77593903 1			100,000.00		99,618.73			28-Oct-2004		7.500%		FL - 40.00%		Paid Off - 360		6/1/2004
77597102 1			208,000.00		207,411.28			02-Nov-2004		8.900%		MD - 82.90%		Paid Off - 360		6/1/2004
77639300 1			238,000.00		236,743.89			09-Nov-2004		6.750%		CA - 78.03%		Paid Off - 360		6/1/2004
77648327 1			254,749.00		253,527.73			25-Oct-2004		6.250%		MD - 83.52%		Paid Off - 360		6/1/2004
77673622 1			81,000.00		80,633.39			30-Oct-2004		6.550%		FL - 22.22%		Paid Off - 360		6/1/2004
77681526 1			215,250.00		214,181.38			03-Nov-2004		6.990%		CA - 75.00%		Paid Off - 360		6/1/2004
77702900 1			75,000.00		74,776.53			12-Oct-2004		8.650%		MN - 60.98%		Paid Off - 360		6/1/2004
77747327 1			198,000.00		197,112.50			08-Nov-2004		6.600%		CA - 94.29%		Paid Off - 360		6/1/2004
77757342 1			277,200.00		276,365.57			25-Oct-2004		8.600%		FL - 75.95%		Paid Off - 360		6/1/2004
77801264 1			199,800.00		198,930.15			29-Oct-2004		6.750%		NY - 90.00%		Paid Off - 360		6/1/2004
77833028 1			161,500.00		161,023.72			29-Oct-2004		8.700%		PA - 85.00%		Paid Off - 360		6/1/2004
Page 22 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
2004-R5
November 26, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
77864049 1			76,000.00		75,684.24			05-Nov-2004		6.990%		MI - 80.00%		Paid Off - 360		6/1/2004
77908663 1			144,300.00		143,657.42			28-Oct-2004		6.650%		MN - 82.46%		Paid Off - 360		6/1/2004
78008380 1			100,000.00		99,609.03			15-Oct-2004		7.300%		CA - 60.24%		Paid Off - 360		6/1/2004
78074481 1			225,000.00		224,233.43			30-Oct-2004		7.990%		NY - 75.00%		Paid Off - 360		6/1/2004
78075546 1			191,000.00		190,419.17			29-Oct-2004		8.550%		MA - 74.90%		Paid Off - 360		6/1/2004
79065488 1			114,750.00		114,411.82			27-Oct-2004		7.750%		WI - 85.00%		Paid Off - 360		7/1/2004
79262580 1			243,700.00		242,969.73			27-Oct-2004		7.500%		MD - 74.98%		Paid Off - 360		7/1/2004
79306965 1			88,000.00		87,209.65			02-Nov-2004		5.750%		IL - 80.00%		Paid Off - 240		7/1/2004
TOTAL			35,409,446.00		35,258,037.79
Page 23 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
2004-R5
November 26, 2004 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Page 21 of 27
Page 24 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
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										0.00%		0.00%		0.00%
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										0.00%		0.00%		0.00%
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										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%
Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%
Page 22 of 27
Page 25 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
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 23 of 27
Page 26 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Realized Loss Detail Report
Loan Number			~~Original~~Current		~~Prior~~State &				~~Current~~Prior		~~State &~~Realized				Cumulative
														First
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
&			Principal		Principal		Realized		Note		LTV at		Original		Payment
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group			Balance		Balance		Loss/(Gain)		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 24 of 27
Page 27 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										Group 2		Group 1		Total
Is there a TRIGGER in effect (0=No,1=Yes)														0
Has Stepdown Condition Occurred (0=No,1=Yes)														0
60 + Day Delinquent Balance
Ending Principal Balance										~~160~~148,~~520~~881,~~051~~410.9385		~~795~~745,~~176~~460,~~086~~926.9629		~~955~~894,~~696~~342,~~138~~337.8914
Delinquency Percentage														01.~~430000~~990000%
Certificate Balances OF MEZZANINE and C Certs														169,000,008.58
Credit Enhancement Percentage														0.~~180000~~190000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current LIBOR														1.~~620000~~930000%
NEXT LIBOR														2.180000%
Page 25 of 27
Page 28 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
										NEXT PTR			CarryOver		CarryOver Paid
CLASS
			A-1A							0.02%			0.00		0.00
			A-1B							0.0203%			0.00		0.00
			A-2							0.0405%			0.00		0.00
			A-4							0.0203%			0.00		0.00
			M-1							0.0203%			0.00		0.00
			M-2							0.03%			0.00		0.00
			M-3							0.0304%			0.00		0.00
			M-4							0.04%			0.00		0.00
			M-5							0.0405%			0.00		0.00
			M-6							0.06%			0.00		~~953~~1,817.4696
			M-7							0.06%			0.00		0.00
			CE							0.00%			0.00		0.00
			P							0.00%			0.00		0.00
			R							0.00%			0.00		0.00
Page 26 of 27
Page 29 of 30
Ameriquest Mortgage Securities, Inc. 2004-R5
Asset Backed Pass-Through Certificates
REMIC 2004-R5
2004-R5
September 27, 2004 Distribution
November 26, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 27 of 27
Page 30 of 30

Filing Compare · ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2004-R5