

                                       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): June 27, 2005
                           (Date of earliest event reported)

         Ameriquest Mortgage Securities Inc (as Depositor under the Trust
      Agreement, dated as February 1, 2005, providing for the issuance of
          Asset-Backed Pass-Through Certificates, Series 2005-R1)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121781-01                          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) 564-0660

            (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
     June 27, 2005.

                                    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:  Jun 30, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of June 27, 2005.



Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Ameriquest Mortgage Corp
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					16

										7. Foreclosure Report					17
										8. Prepayment Report					18
										9. Prepayment Detail Report					21

										10. Realized Loss Report					27
										11. Realized Loss Detail Report					30
				Servicer(s)
										12. Triggers and Adj. Cert. Report					31
				Ameriquest Mtg Sec Inc
										13. Additional Certificate Report					32



				Underwriter(s)
				Morgan Stanley
				Bear Stearns & Co.
				Goldman Sachs & Co.
				BNP Paribas

										Total Number of Pages					32
				Citigroup


				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Valerie Delgado
				Close Date:			February 23, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6273
										valerie.m.delgado@db.com

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005
										Main Phone Number:			(714) 247-6000

							June 24, 2005


										https://www.tss.db.com/invr






Page 1 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					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	SR	$	286,178,000.00		269,610,312.15		839,049.76		10,847,666.28		11,686,716.04		0.00		0.00		258,762,645.87

A-1B	SR	$	71,545,000.00		67,403,049.08		209,454.98		2,711,935.52		2,921,390.50		0.00		0.00		64,691,113.56
A-2A	SR	$	325,221,000.00		305,330,774.89		934,821.06		11,348,571.46		12,283,392.52		0.00		0.00		293,982,203.43
A-2B	SR	$	81,306,000.00		76,333,397.86		237,206.03		2,837,169.04		3,074,375.07		0.00		0.00		73,496,228.82
A-3A	SR	$	188,640,000.00		152,720,148.40		446,579.17		20,499,182.55		20,945,761.72		0.00		0.00		132,220,965.85
A-3B	SR	$	188,210,000.00		188,210,000.00		569,335.25		0.00		569,335.25		0.00		0.00		188,210,000.00
A-3C	SR	$	35,575,000.00		35,575,000.00		112,179.83		0.00		112,179.83		0.00		0.00		35,575,000.00
A-3D	SR	$	45,825,000.00		41,833,905.37		130,382.34		2,277,686.95		2,408,069.29		0.00		0.00		39,556,218.42
M-1	MEZ	$	80,250,000.00		80,250,000.00		260,411.25		0.00		260,411.25		0.00		0.00		80,250,000.00
M-2	MEZ	$	22,500,000.00		22,500,000.00		73,631.25		0.00		73,631.25		0.00		0.00		22,500,000.00
M-3	MEZ	$	34,500,000.00		34,500,000.00		114,482.50		0.00		114,482.50		0.00		0.00		34,500,000.00
M-4	MEZ	$	24,000,000.00		24,000,000.00		84,260.00		0.00		84,260.00		0.00		0.00		24,000,000.00
M-5	MEZ	$	15,000,000.00		15,000,000.00		53,212.50		0.00		53,212.50		0.00		0.00		15,000,000.00
M-6	MEZ	$	23,250,000.00		23,250,000.00		87,168.13		0.00		87,168.13		0.00		0.00		23,250,000.00
M-7	MEZ	$	13,500,000.00		13,500,000.00		54,945.00		0.00		54,945.00		0.00		0.00		13,500,000.00
M-8	MEZ	$	18,000,000.00		18,000,000.00		79,860.00		0.00		79,860.00		0.00		0.00		18,000,000.00
M-9	MEZ	$	20,250,000.00		20,250,000.00		108,405.00		0.00		108,405.00		0.00		0.00		20,250,000.00
M-10	MEZ	$	11,250,000.00		11,250,000.00		60,225.00		0.00		60,225.00		0.00		0.00		11,250,000.00
CE	SUB	$	15,000,529.77		15,000,006.30		3,944,498.30		0.00		3,944,498.30		0.00		0.00		15,000,006.30
P	SUB	$	100.00		100.00		637,156.31		0.00		637,156.31		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,500,000,629.77		1,414,516,694.05		9,037,263.66		50,522,211.80		59,559,475.46		0.00		0.00		1,363,994,482.25






Page 2 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	05/25/05		06/26/05		A-Act/360		03072SXQ3		286,178,000.00		942.107053		2.931916		37.905312		40.837227	904.201741
A-1B	05/25/05		06/26/05		A-Act/360		03072SXR1		71,545,000.00		942.107053		2.927598		37.905312		40.832909	904.201741
A-2A	05/25/05		06/26/05		A-Act/360		03072SXS9		325,221,000.00		938.840896		2.874418		34.894953		37.769371	903.945943
A-2B	05/25/05		06/26/05		A-Act/360		03072SXT7		81,306,000.00		938.840896		2.917448		34.894953		37.812401	903.945943
A-3A	05/25/05		06/26/05		A-Act/360		03072SXU4		188,640,000.00		809.585180		2.367362		108.668271		111.035633	700.916910
A-3B	05/25/05		06/26/05		A-Act/360		03072SXV2		188,210,000.00		1,000.000000		3.025000		0.000000		3.025000	1,000.000000
A-3C	05/25/05		06/26/05		A-Act/360		03072SXW0		35,575,000.00		1,000.000000		3.153333		0.000000		3.153333	1,000.000000
A-3D	05/25/05		06/26/05		A-Act/360		03072SXX8		45,825,000.00		912.905736		2.845223		49.704025		52.549248	863.201711
M-1	05/25/05		06/26/05		A-Act/360		03072SXY6		80,250,000.00		1,000.000000		3.245000		0.000000		3.245000	1,000.000000
M-2	05/25/05		06/26/05		A-Act/360		03072SXZ3		22,500,000.00		1,000.000000		3.272500		0.000000		3.272500	1,000.000000
M-3	05/25/05		06/26/05		A-Act/360		03072SYA7		34,500,000.00		1,000.000000		3.318333		0.000000		3.318333	1,000.000000
M-4	05/25/05		06/26/05		A-Act/360		03072SYB5		24,000,000.00		1,000.000000		3.510833		0.000000		3.510833	1,000.000000
M-5	05/25/05		06/26/05		A-Act/360		03072SYC3		15,000,000.00		1,000.000000		3.547500		0.000000		3.547500	1,000.000000
M-6	05/25/05		06/26/05		A-Act/360		03072SYD1		23,250,000.00		1,000.000000		3.749167		0.000000		3.749167	1,000.000000
M-7	05/25/05		06/26/05		A-Act/360		03072SYE9		13,500,000.00		1,000.000000		4.070000		0.000000		4.070000	1,000.000000
M-8	05/25/05		06/26/05		A-Act/360		03072SYF6		18,000,000.00		1,000.000000		4.436667		0.000000		4.436667	1,000.000000
M-9	05/25/05		06/26/05		A-Act/360		03072SYG4		20,250,000.00		1,000.000000		5.353333		0.000000		5.353333	1,000.000000
M-10	05/25/05		06/26/05		A-Act/360		03072SYH2		11,250,000.00		1,000.000000		5.353333		0.000000		5.353333	1,000.000000
CE	05/01/05		05/30/05		F-30/360				1,515,001,159.54		9.900987		2.603627		0.000000		2.603627	9.900987
P	05/01/05		05/30/05		F-30/360				100.00		1,000.000000		6,371,563.100000		0.000000		6,371,563.100000	1,000.000000
R	05/01/05		05/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

Distribution to Date - REMIC II
																	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	286,178,000.00		3,068,488.84		26,292,836.14		1,122,517.99		27,415,354.13		30,483,842.97		0.00		0.00		258,762,645.87
A-1B	71,545,000.00		765,927.21		6,573,254.98		280,631.46		6,853,886.44		7,619,813.65		0.00		0.00		64,691,113.56
A-2A	325,221,000.00		3,424,012.71		29,943,025.04		1,295,771.53		31,238,796.57		34,662,809.28		0.00		0.00		293,982,203.43
A-2B	81,306,000.00		869,641.02		7,485,825.31		323,945.87		7,809,771.18		8,679,412.20		0.00		0.00		73,496,228.82
A-3A	188,640,000.00		1,763,933.47		54,876,239.34		1,542,794.81		56,419,034.15		58,182,967.62		0.00		0.00		132,220,965.85
A-3B	188,210,000.00		2,012,495.02		0.00		0.00		0.00		2,012,495.02		0.00		0.00		188,210,000.00
A-3C	35,575,000.00		397,552.01		0.00		0.00		0.00		397,552.01		0.00		0.00		35,575,000.00
A-3D	45,825,000.00		484,245.57		6,097,359.93		171,421.65		6,268,781.58		6,753,027.15		0.00		0.00		39,556,218.42
M-1	80,250,000.00		924,438.54		0.00		0.00		0.00		924,438.54		0.00		0.00		80,250,000.00
M-2	22,500,000.00		261,513.38		0.00		0.00		0.00		261,513.38		0.00		0.00		22,500,000.00
M-3	34,500,000.00		406,928.85		0.00		0.00		0.00		406,928.85		0.00		0.00		34,500,000.00
M-4	24,000,000.00		300,440.93		0.00		0.00		0.00		300,440.93		0.00		0.00		24,000,000.00
M-5	15,000,000.00		189,842.25		0.00		0.00		0.00		189,842.25		0.00		0.00		15,000,000.00
M-6	23,250,000.00		311,873.83		0.00		0.00		0.00		311,873.83		0.00		0.00		23,250,000.00
M-7	13,500,000.00		197,363.03		0.00		0.00		0.00		197,363.03		0.00		0.00		13,500,000.00
M-8	18,000,000.00		287,950.70		0.00		0.00		0.00		287,950.70		0.00		0.00		18,000,000.00
M-9	20,250,000.00		393,694.54		0.00		0.00		0.00		393,694.54		0.00		0.00		20,250,000.00
M-10	11,250,000.00		218,719.19		0.00		0.00		0.00		218,719.19		0.00		0.00		11,250,000.00
CE	15,000,529.77		18,520,078.95		0.00		0.00		523.47		18,520,602.42		0.00		0.00		15,000,006.30
P	100.00		1,430,056.76		0.00		0.00		0.00		1,430,056.76		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	1,500,000,629.77		36,229,196.80		131,268,540.74		4,737,083.31		136,006,147.52		172,235,344.32		0.00		0.00		1,363,994,482.25



Page 4 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

Interest Detail - REMIC II
	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	3.39500%		269,610,312.15		839,049.76		0.00		0.00		0.00		839,049.76		839,049.76		0.00
A-1B	3.39000%		67,403,049.08		209,454.98		0.00		0.00		0.00		209,454.98		209,454.98		0.00
A-2A	3.34000%		305,330,774.89		934,821.06		0.00		0.00		0.00		934,821.06		934,821.06		0.00
A-2B	3.39000%		76,333,397.86		237,206.03		0.00		0.00		0.00		237,206.03		237,206.03		0.00
A-3A	3.19000%		152,720,148.40		446,579.17		0.00		0.00		0.00		446,579.17		446,579.17		0.00
A-3B	3.30000%		188,210,000.00		569,335.25		0.00		0.00		0.00		569,335.25		569,335.25		0.00
A-3C	3.44000%		35,575,000.00		112,179.83		0.00		0.00		0.00		112,179.83		112,179.83		0.00
A-3D	3.40000%		41,833,905.37		130,382.34		0.00		0.00		0.00		130,382.34		130,382.34		0.00
M-1	3.54000%		80,250,000.00		260,411.25		0.00		0.00		0.00		260,411.25		260,411.25		0.00
M-2	3.57000%		22,500,000.00		73,631.25		0.00		0.00		0.00		73,631.25		73,631.25		0.00
M-3	3.62000%		34,500,000.00		114,482.50		0.00		0.00		0.00		114,482.50		114,482.50		0.00
M-4	3.83000%		24,000,000.00		84,260.00		0.00		0.00		0.00		84,260.00		84,260.00		0.00
M-5	3.87000%		15,000,000.00		53,212.50		0.00		0.00		0.00		53,212.50		53,212.50		0.00
M-6	4.09000%		23,250,000.00		87,168.13		0.00		0.00		0.00		87,168.13		87,168.13		0.00
M-7	4.44000%		13,500,000.00		54,945.00		0.00		0.00		0.00		54,945.00		54,945.00		0.00
M-8	4.84000%		18,000,000.00		79,860.00		0.00		0.00		0.00		79,860.00		79,860.00		0.00
M-9	5.84000%		20,250,000.00		108,405.00		0.00		0.00		0.00		108,405.00		108,405.00		0.00
M-10	5.84000%		11,250,000.00		60,225.00		0.00		0.00		0.00		60,225.00		60,225.00		0.00
CE	315.55973%		15,000,006.30		0.00		0.00		0.00		0.00		0.00		3,944,498.30		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		637,156.31		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,414,516,694.05		4,455,609.05		0.00		0.00		0.00		4,455,609.05		9,037,263.66		0.00



Page 5 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								22,776,869.50		14,185,740.50		13,559,601.80		50,522,211.80
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								22,776,869.50		14,185,740.50		13,559,601.80		50,522,211.80
Interest Collections								3,208,025.04		2,852,772.92		2,567,520.19		8,522,178.53
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-39,604.07		-43,797.66		-38,669.45		-122,071.18
Interest Other Accounts														637,156.31
TOTAL NET INTEREST								3,168,420.96		2,808,975.26		2,528,850.74		9,037,263.66
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														59,559,475.46



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									411,360.61		394,913.72		342,818.74		1,149,093.07
Curtailments									17,259.63		24,617.04		25,330.64		67,207.31
Prepayments In Full									22,348,249.26		13,766,209.74		13,071,350.99		49,185,809.99
Repurchased/Substitutions									0.00		0.00		120,101.43		120,101.43
Liquidations									0.00		0.00		0.00		0.00
Insurance Principal									0.00		0.00		0.00		0.00
Other Additional Principal									0.00		0.00		0.00		0.00
Delinquent Principal									-344,177.20		-307,676.65		-267,930.90		-919,784.75
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									344,177.20		307,676.65		267,930.90		919,784.75
TOTAL PRINCIPAL COLLECTED									22,776,869.50		14,185,740.50		13,559,601.80		50,522,211.80


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS								0.00		0.00		0.00		0.00





Page 6 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								3,280,539.99		3,007,129.77		2,702,889.25		8,990,559.01
Repurchased/Substitution Interest								0.00		0.00		705.60		705.60
Liquidation Interest								0.00		0.00		0.00		0.00
Insurance Interest								0.00		0.00		0.00		0.00
Other Additional Interest								0.00		0.00		0.00		0.00
Prepayment Interest Shortfalls								-32,419.21		-16,118.69		-14,714.46		-63,252.36
Delinquent Interest								-2,705,085.55		-2,374,191.12		-2,127,128.44		-7,206,405.11
Compensating Interest								32,419.21		16,118.69		14,714.46		63,252.36
Civil Relief Act Shortfalls								-0.00		-125.03		-0.00		-125.03
Interest Advanced								2,526,430.98		2,219,959.30		1,991,053.78		6,737,444.06
TOTAL INTEREST COLLECTED								3,208,025.04		2,852,772.92		2,567,520.19		8,522,178.53


INTEREST - WITHDRAWALS

								Group 3		Group 2		Group 1		Total
Non-Recoverable Advances								0.00		0.00		0.00		0.00
Reimbursements to Master Servicer								0.00		0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS								0.00		0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges														637,156.31
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														637,156.31



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								38,994.66		43,244.72		38,181.53		120,420.91
Trustee Fees								609.42		552.93		487.92		1,650.27
TOTAL INTEREST FEES								39,604.07		43,797.66		38,669.45		122,071.18




Page 7 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

								Group 3		Group 2		Group 1		Total
Net WAC Reserve Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

								Group 3		Group 2		Group 1		Total
Overcollateralized Amount														15,000,006.30
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														15,000,006.30

Credit Enhancement Percentage														20.34%
Class A Certificate Defiency Amount														0.00




Page 8 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								2,398		3,246		3,020		8,664
Prior								2,281		3,110		2,904		8,295
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-73		-72		-76		-221
Repurchases								-0		-0		-1		-1
Liquidations								-0		-0		-0		-0
Current								2,208		3,038		2,827		8,073
Principal Balance:


Original								562,269,353.48		498,806,657.59		438,924,618.70		1,500,000,629.77
Prior								522,358,136.70		473,943,700.43		418,214,856.92		1,414,516,694.05
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-411,360.61		-394,913.72		-342,818.74		-1,149,093.07
Partial Prepayments								-17,259.63		-24,617.04		-25,330.64		-67,207.31
Full Voluntary Prepayments								-22,348,249.26		-13,766,209.74		-13,071,350.99		-49,185,809.99
Repurchases								-0.00		-0.00		-120,101.43		-120,101.43
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								499,581,267.20		459,757,959.93		404,655,255.12		1,363,994,482.25





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.55063%		7.63864%		7.78519%		7.64853%
Weighted Average Coupon Prior								7.54611%		7.62882%		7.76923%		7.63954%
Weighted Average Coupon Current								7.53630%		7.61389%		7.75753%		7.62771%
Weighted Average Months to Maturity Original								354		350		350		352
Weighted Average Months to Maturity Prior								352		348		348		349
Weighted Average Months to Maturity Current								351		347		347		348
Weighted Avg Remaining Amortization Term Original								354		350		350		352
Weighted Avg Remaining Amortization Term Prior								352		348		348		349
Weighted Avg Remaining Amortization Term Current								351		347		347		348
Weighted Average Seasoning Original								2.66		2.54		2.33		2.52
Weighted Average Seasoning Prior								4.62		4.51		4.31		4.49
Weighted Average Seasoning Current								5.61		5.50		5.31		5.48









Page 10 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

ARM CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								5.72548%		5.85856%		5.91727%		5.82337%
Weighted Average Margin Prior								5.72652%		5.85972%		5.91502%		5.82430%
Weighted Average Margin Current								5.72276%		5.85628%		5.90875%		5.82017%
Weighted Average Max Rate Original								13.71673%		13.77674%		13.94787%		13.80189%
Weighted Average Max Rate Prior								13.71732%		13.76626%		13.93135%		13.79464%
Weighted Average Max Rate Current								13.70850%		13.75314%		13.91936%		13.78375%
Weighted Average Min Rate Original								7.71673%		7.77674%		7.94787%		7.80189%
Weighted Average Min Rate Prior								7.71732%		7.76626%		7.93135%		7.79464%
Weighted Average Min Rate Current								7.70850%		7.75314%		7.91936%		7.78375%
Weighted Average Cap Up Original								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Prior								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Original								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current								1.00000%		1.00000%		1.00000%		1.00000%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								38,994.66		43,244.72		38,181.53		120,420.91
Delinquent Servicing Fees								178,654.56		154,231.82		136,074.66		468,961.04
TOTAL SERVICING FEES								217,649.23		197,476.55		174,256.20		589,381.98


Total Servicing Fees								217,649.23		197,476.55		174,256.20		589,381.98
Compensating Interest								-32,419.21		-16,118.69		-14,714.46		-63,252.36
Delinquent Servicing Fees								-178,654.56		-154,231.82		-136,074.66		-468,961.04
COLLECTED SERVICING FEES								38,994.66		43,244.72		38,181.53		57,168.57


Total Advanced Interest								2,526,430.98		2,219,959.30		1,991,053.78		6,737,444.06
Total Advanced Principal								344,177.20		307,676.65		267,930.90		919,784.75
Aggregate Advances with respect to this Distribution								2,870,608.18		2,527,635.95		2,258,984.68		7,657,228.81





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								32,419.21		16,118.69		14,714.46		63,252.36
Compensating Interest								-32,419.21		-16,118.69		-14,714.46		-63,252.36
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								499,581,267.20		459,757,959.93		404,655,255.12		1,363,994,482.25
Weighted Average Net Mortgage Rate								7.034901%		7.112491%		7.256129%		7.126306%




Page 11 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				14,137,443.84		6,308,915.68		646,254.92		21,092,614.44
			% Balance				1.04%		0.46%		0.05%		1.55%
			# Loans				92		35		4		131
			% # Loans				1.14%		0.43%		0.05%		1.62%
	FORECLOSURE		Balance		0.00		0.00		292,315.87		4,787,379.70		5,079,695.57
			% Balance		0.00%		0.00%		0.02%		0.35%		0.37%
			# Loans		0		0		2		26		28
			% # Loans		0.00%		0.00%		0.02%		0.32%		0.35%
	BANKRUPTCY		Balance		2,246,319.72		0.00		602,762.01		0.00		2,849,081.73
			% Balance		0.16%		0.00%		0.04%		0.00%		0.21%
			# Loans		18		0		5		0		23
			% # Loans		0.22%		0.00%		0.06%		0.00%		0.28%
	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		2,246,319.72		14,137,443.84		7,203,993.56		5,433,634.62		29,021,391.74
			% Balance		0.16%		1.04%		0.53%		0.40%		2.13%
			# Loans		18		92		42		30		182
			% # Loans		0.22%		1.14%		0.52%		0.37%		2.25%









Page 12 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,864,295.23		544,543.87		319,196.70		4,728,035.80
			% Balance				0.95%		0.13%		0.08%		1.17%
			# Loans				33		7		2		42
			% # Loans				1.17%		0.25%		0.07%		1.49%
	FORECLOSURE		Balance		0.00		0.00		0.00		730,976.05		730,976.05
			% Balance		0.00%		0.00%		0.00%		0.18%		0.18%
			# Loans		0		0		0		5		5
			% # Loans		0.00%		0.00%		0.00%		0.18%		0.18%
	BANKRUPTCY		Balance		904,020.10		0.00		195,176.67		0.00		1,099,196.77
			% Balance		0.22%		0.00%		0.05%		0.00%		0.27%
			# Loans		9		0		2		0		11
			% # Loans		0.32%		0.00%		0.07%		0.00%		0.39%
	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		904,020.10		3,864,295.23		739,720.54		1,050,172.75		6,558,208.62
			% Balance		0.22%		0.95%		0.18%		0.26%		1.62%
			# Loans		9		33		9		7		58
			% # Loans		0.32%		1.17%		0.32%		0.25%		2.05%










Page 13 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,887,403.42		2,560,846.61		327,058.22		7,775,308.25
			% Balance				1.06%		0.56%		0.07%		1.69%
			# Loans				35		17		2		54
			% # Loans				1.15%		0.56%		0.07%		1.78%
	FORECLOSURE		Balance		0.00		0.00		292,315.87		1,685,441.63		1,977,757.50
			% Balance		0.00%		0.00%		0.06%		0.37%		0.43%
			# Loans		0		0		2		12		14
			% # Loans		0.00%		0.00%		0.07%		0.39%		0.46%
	BANKRUPTCY		Balance		300,682.80		0.00		241,200.27		0.00		541,883.07
			% Balance		0.07%		0.00%		0.05%		0.00%		0.12%
			# Loans		3		0		2		0		5
			% # Loans		0.10%		0.00%		0.07%		0.00%		0.16%
	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		300,682.80		4,887,403.42		3,094,362.75		2,012,499.85		10,294,948.82
			% Balance		0.07%		1.06%		0.67%		0.44%		2.24%
			# Loans		3		35		21		14		73
			% # Loans		0.10%		1.15%		0.69%		0.46%		2.40%










Page 14 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,385,745.19		3,203,525.20		0.00		8,589,270.39
			% Balance				1.08%		0.64%		0.00%		1.72%
			# Loans				24		11		0		35
			% # Loans				1.09%		0.50%		0.00%		1.59%
	FORECLOSURE		Balance		0.00		0.00		0.00		2,370,962.02		2,370,962.02
			% Balance		0.00%		0.00%		0.00%		0.47%		0.47%
			# Loans		0		0		0		9		9
			% # Loans		0.00%		0.00%		0.00%		0.41%		0.41%
	BANKRUPTCY		Balance		1,041,616.82		0.00		166,385.07		0.00		1,208,001.89
			% Balance		0.21%		0.00%		0.03%		0.00%		0.24%
			# Loans		6		0		1		0		7
			% # Loans		0.27%		0.00%		0.05%		0.00%		0.32%
	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		1,041,616.82		5,385,745.19		3,369,910.27		2,370,962.02		12,168,234.30
			% Balance		0.21%		1.08%		0.67%		0.47%		2.44%
			# Loans		6		24		12		9		51
			% # Loans		0.27%		1.09%		0.54%		0.41%		2.31%









Page 15 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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




TOTAL



Page 16 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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
99560922 1
			80,000.00		79,730.70		01-Jan-2005		8.050%		TX - 80.00%		360		01-Feb-2005

102681285 1			140,000.00		139,619.82		01-Jan-2005		9.100%		TX - 80.00%		360		01-Feb-2005
102714722 1			87,750.00		87,539.74		01-Jan-2005		9.700%		GA - 75.00%		360		01-Feb-2005
102716206 1			117,300.00		117,035.59		01-Jan-2005		9.990%		TX - 85.00%		360		01-Feb-2005
104305388 1			307,500.00		307,050.20		01-Jan-2005		11.990%		NC - 82.00%		360		01-Feb-2005
94750726 2			60,000.00		59,676.04		01-Jan-2005		7.400%		DE - 44.64%		360		01-Dec-2004
95651808 2			262,500.00		261,216.65		01-Jan-2005		7.900%		MD - 75.00%		360		01-Dec-2004
100082700 2			60,000.00		59,900.04		01-Jan-2005		12.250%		TX - 70.59%		360		01-Jan-2005
100224583 2			327,250.00		325,995.73		01-Jan-2005		7.400%		MA - 85.00%		360		01-Feb-2005
101590867 2			103,700.00		103,548.29		01-Jan-2005		11.990%		IN - 85.00%		360		01-Feb-2005
101650026 2			79,200.00		78,978.11		01-Jan-2005		8.950%		MI - 90.00%		360		01-Feb-2005
101979706 2			103,500.00		103,200.94		01-Feb-2005		8.800%		SD - 90.00%		360		01-Feb-2005
102005543 2			62,250.00		62,120.01		01-Jan-2005		10.350%		IL - 75.00%		360		01-Feb-2005
102064920 2			127,500.00		127,247.62		01-Jan-2005		10.600%		GA - 85.00%		360		01-Feb-2005
102431707 2			190,000.00		189,114.93		01-Feb-2005		6.400%		MA - 79.50%		360		01-Feb-2005
102776960 2			191,250.00		190,531.38		01-Jan-2005		7.500%		RI - 75.00%		360		01-Feb-2005
103757068 2			139,500.00		138,892.64		01-Jan-2005		6.750%		GA - 90.00%		360		01-Feb-2005
103894267 2			212,400.00		211,809.88		01-Jan-2005		8.990%		MN - 90.00%		360		01-Feb-2005
104586987 2			65,700.00		65,525.24		01-Jan-2005		9.200%		GA - 90.00%		360		01-Feb-2005
89216782 3			358,700.00		356,523.11		01-Jan-2005		7.500%		NY - 87.49%		360		01-Nov-2004
94118601 3			499,950.00		497,906.15		01-Jan-2005		9.450%		AR - 83.33%		360		01-Nov-2004
95815262 3			85,500.00		85,149.25		01-Jan-2005		7.990%		OH - 90.00%		360		01-Jan-2005
98049968 3			96,000.00		95,682.67		01-Jan-2005		9.050%		OH - 84.96%		360		01-Jan-2005
98988728 3			60,900.00		60,685.85		01-Jan-2005		8.750%		FL - 58.00%		360		01-Jan-2005
99235624 3			121,500.00		121,130.41		01-Jan-2005		9.450%		NY - 90.00%		360		01-Jan-2005
101001709 3			107,400.00		107,189.69		01-Jan-2005		10.650%		NC - 81.99%		360		01-Feb-2005
103084067 3			480,000.00		478,885.66		01-Jan-2005		9.850%		GA - 75.00%		360		01-Feb-2005
104194162 3			573,750.00		567,809.23		01-Jan-2005		11.850%		GA - 75.00%		180		01-Feb-2005


TOTAL			5,101,000.00		5,079,695.57



Page 17 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								73		72		76		221
Number of Repurchased Loans								0		0		1		1
Total Number of Loans Prepaid in Full								73		72		77		222
Curtailments Amount								17,259.63		24,617.04		25,330.64		67,207.31
Paid in Full Balance								22,348,249.26		13,766,209.74		13,071,350.99		49,185,809.99
Repurchased Loans Balance								0.00		0.00		120,101.43		120,101.43
Total Prepayment Amount								22,365,508.89		13,790,826.78		13,216,783.06		49,373,118.73

Cumulative


Number of Paid in Full Loans								177		199		181		557
Number of Repurchased Loans								13		9		12		34
Total Number of Loans Prepaid in Full								190		208		193		591
Paid in Full Balance								57,530,610.88		36,048,153.63		30,974,675.68		124,553,440.19
Repurchased Loans Balance								3,332,432.98		1,204,676.89		1,726,973.57		6,264,083.44
Curtailments Amount								110,825.96		176,149.74		164,564.88		451,540.58
Total Prepayment Amount								60,973,869.82		37,428,980.26		32,866,214.13		131,269,064.21










Page 18 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								4.29%		2.91%		3.16%		3.49%
3 Months Avg SMM								3.32%		2.34%		2.32%		2.70%
12 Months Avg SMM								2.84%		1.94%		1.93%		2.27%
Avg SMM Since Cut-off								2.84%		1.94%		1.93%		2.27%


CPR								40.88%		29.86%		32.00%		34.73%
3 Months Avg CPR								33.28%		24.75%		24.52%		27.96%
12 Months Avg CPR								29.19%		20.91%		20.87%		24.07%
Avg CPR Since Cut-off								29.19%		20.91%		20.87%		24.07%


PSA								3,646.37%		2,712.78%		3,013.19%		3,167.22%
3 Months Avg PSA Approximation								3,598.37%		2,740.98%		2,840.35%		3,109.01%
12 Months Avg PSA Approximation								3,531.78%		2,599.60%		2,732.33%		3,007.05%
Avg PSA Since Cut-off Approximation								3,531.79%		2,599.60%		2,732.34%		3,007.05%










Page 19 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 20 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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

80648025 3			155,300.00		152,054.94			24-May-2005		6.500%		FL - 87.74%		Paid Off - 240		01-Aug-2004


85893568 3			124,513.00		123,779.43			01-Jun-2005		7.650%		CA - 85.00%		Paid Off - 360		01-Oct-2004

85980100 2			249,999.00		248,191.25			09-Jun-2005		6.600%		WA - 83.95%		Paid Off - 360		01-Oct-2004

86294683 2			216,000.00		214,623.07			09-Jun-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Oct-2004

86602083 3			116,711.00		116,107.48			08-Jun-2005		8.900%		OH - 89.50%		Paid Off - 360		01-Sep-2004

86684800 3			256,000.00		254,874.81			03-Jun-2005		9.100%		NJ - 76.42%		Paid Off - 360		01-Oct-2004

88266127 3			229,500.00		228,480.02			16-May-2005		9.150%		NV - 90.00%		Paid Off - 360		01-Oct-2004

88367941 3			406,000.00		402,551.04			07-Jun-2005		5.750%		CA - 71.09%		Paid Off - 360		01-Oct-2004

88547286 3			352,750.00		349,988.25			19-May-2005		6.400%		CA - 85.00%		Paid Off - 360		01-Oct-2004

88607908 2			179,999.00		178,782.50			01-Jun-2005		6.950%		FL - 90.00%		Paid Off - 360		01-Oct-2004

88771449 3			191,250.00		190,145.40			18-May-2005		7.750%		FL - 83.15%		Paid Off - 360		01-Oct-2004

90182908 2			337,000.00		335,180.54			17-May-2005		7.400%		CA - 74.89%		Paid Off - 360		01-Nov-2004

90606401 1			315,000.00		312,786.12			24-May-2005		6.050%		CA - 67.29%		Paid Off - 360		01-Nov-2004

90660689 2			230,367.00		227,999.26			07-Jun-2005		6.300%		CA - 64.71%		Paid Off - 360		01-Oct-2004

90734427 3			131,000.00		129,987.29			19-May-2005		6.250%		CA - 81.88%		Paid Off - 360		01-Oct-2004

90844648 3			148,750.00		148,105.65			07-Jun-2005		8.500%		AZ - 85.00%		Paid Off - 360		01-Nov-2004

90977984 1			72,110.00		71,688.09			18-May-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Nov-2004

91118489 3			300,000.00		297,837.44			18-May-2005		5.900%		CA - 83.33%		Paid Off - 360		01-Nov-2004

91399105 2			109,479.00		109,122.13			08-Jun-2005		10.200%		FL - 72.03%		Paid Off - 360		01-Nov-2004

91825406 3			255,000.00		254,188.57			23-May-2005		9.990%		FL - 85.00%		Paid Off - 360		01-Nov-2004

92014281 2			277,500.00		275,799.05			25-May-2005		6.750%		CA - 84.09%		Paid Off - 360		01-Nov-2004

92032325 1			92,000.00		90,856.85			25-May-2005		6.950%		CA - 31.65%		Paid Off - 360		01-Nov-2004

92131069 3			250,750.00		249,828.26			18-May-2005		9.300%		MN - 85.00%		Paid Off - 360		01-Nov-2004

92164524 2			173,500.00		169,226.68			20-May-2005		5.990%		CA - 83.01%		Paid Off - 180		01-Nov-2004

92615129 3			114,840.00		114,557.09			25-May-2005		10.450%		NY - 90.00%		Paid Off - 360		01-Dec-2004

92626647 2			129,750.00		129,265.00			03-Jun-2005		8.450%		PA - 75.00%		Paid Off - 360		01-Dec-2004

92686542 2			117,640.00		116,951.67			16-May-2005		6.990%		MT - 85.00%		Paid Off - 360		01-Nov-2004

92698984 3			185,013.00		184,399.64			01-Jun-2005		9.800%		MD - 90.00%		Paid Off - 360		01-Nov-2004

92735265 2			203,500.00		202,215.96			10-Jun-2005		6.600%		FL - 89.81%		Paid Off - 360		01-Nov-2004

92810886 2			252,000.00		251,009.11			27-May-2005		8.200%		MD - 80.00%		Paid Off - 360		01-Dec-2004

92930767 1			76,100.00		75,831.49			01-Jun-2005		9.500%		WI - 72.48%		Paid Off - 360		01-Nov-2004

93475085 1			232,500.00		231,842.73			24-May-2005		9.800%		HI - 75.00%		Paid Off - 360		01-Dec-2004

93516102 2			122,310.00		121,643.07			01-Jun-2005		7.350%		FL - 90.00%		Paid Off - 360		01-Nov-2004

93525269 3			310,500.00		309,195.38			08-Jun-2005		8.650%		IL - 90.00%		Paid Off - 360		01-Nov-2004

93709509 3			450,000.00		447,369.99			01-Jun-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Nov-2004

93791184 3			128,350.00		127,924.89			17-May-2005		9.800%		ME - 85.00%		Paid Off - 360		01-Nov-2004

93966844 3			104,000.00		103,702.98			30-May-2005		10.500%		WI - 83.20%		Paid Off - 360		01-Nov-2004




Page 21 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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

94249646 2			75,000.00		74,819.62			01-Jun-2005		11.300%		FL - 60.00%		Paid Off - 360		01-Nov-2004


94355328 1			138,000.00		137,662.29			09-Jun-2005		9.600%		NJ - 60.00%		Paid Off - 360		01-Jan-2005

94401742 3			162,900.00		162,170.42			01-Jun-2005		7.550%		MT - 90.00%		Paid Off - 360		01-Dec-2004

94704624 1			65,250.00		65,082.25			30-May-2005		10.250%		MI - 75.00%		Paid Off - 360		01-Dec-2004

94718806 3			327,600.00		326,460.04			11-May-2005		8.800%		IL - 90.00%		Paid Off - 360		01-Dec-2004

94824885 3			127,650.00		127,163.04			01-Jun-2005		8.350%		WI - 84.54%		Paid Off - 360		01-Dec-2004

94887163 2			335,000.00		333,086.19			08-Jun-2005		6.300%		FL - 84.81%		Paid Off - 360		01-Dec-2004

94923927 1			202,500.00		201,687.53			#######		8.100%		FL - 75.00%		Paid Off - 360		01-Dec-2004

94945169 2			197,000.00		196,014.90			31-May-2005		6.990%		CA - 51.30%		Paid Off - 360		01-Dec-2004

95001103 1			65,000.00		64,693.09			12-May-2005		9.350%		OH - 60.75%		Paid Off - 360		01-Dec-2004

95020004 2			180,000.00		179,099.94			19-May-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Dec-2004

95067245 2			281,000.00		279,452.43			27-May-2005		6.500%		FL - 91.53%		Paid Off - 360		01-Dec-2004

95150686 3			64,800.00		64,136.94			12-May-2005		8.100%		IN - 90.00%		Paid Off - 240		01-Dec-2004

95616629 3			191,250.00		190,730.54			18-May-2005		9.990%		FL - 84.25%		Paid Off - 360		01-Dec-2004

95628061 3			584,000.00		582,093.01			11-May-2005		8.200%		CA - 89.85%		Paid Off - 360		01-Jan-2005

96117627 1			148,750.00		148,227.04			31-May-2005		8.750%		FL - 79.12%		Paid Off - 360		01-Dec-2004

96233861 3			103,500.00		103,117.03			06-Jun-2005		8.500%		FL - 90.00%		Paid Off - 360		01-Dec-2004

96341763 1			230,000.00		228,499.01			10-Jun-2005		5.600%		MA - 72.30%		Paid Off - 360		01-Dec-2004

96634944 1			206,000.00		205,268.30			24-May-2005		8.700%		FL - 74.91%		Paid Off - 360		01-Dec-2004

96855960 1			307,500.00		306,976.81			01-Jun-2005		11.300%		NJ - 75.00%		Paid Off - 360		01-Jan-2005

97286520 2			215,000.00		213,862.63			30-May-2005		6.700%		CA - 79.30%		Paid Off - 360		01-Dec-2004

97531388 3			96,000.00		95,653.33			07-Jun-2005		7.700%		MN - 80.00%		Paid Off - 360		01-Jan-2005

97562342 3			77,400.00		77,152.29			01-Jun-2005		8.300%		MN - 90.00%		Paid Off - 360		01-Jan-2005

97609747 3			360,000.00		358,220.91			18-May-2005		7.050%		CA - 88.89%		Paid Off - 360		01-Dec-2004

97684245 3			64,600.00		64,331.58			13-May-2005		6.990%		AZ - 69.46%		Paid Off - 360		01-Jan-2005

97806889 1			60,214.00		59,335.17			23-May-2005		8.250%		GA - 74.34%		Paid Off - 180		01-Jan-2005

97997621 3			397,000.00		395,608.94			11-May-2005		7.850%		CA - 84.91%		Paid Off - 360		01-Jan-2005

98078249 2			327,000.00		325,534.37			02-Jun-2005		6.600%		CA - 84.50%		Paid Off - 360		01-Jan-2005

98259625 2			347,658.00		346,187.95			19-May-2005		6.900%		IL - 88.80%		Paid Off - 360		01-Jan-2005

98306723 2			86,322.00		86,130.86			01-Jun-2005		8.990%		VT - 56.42%		Paid Off - 360		01-Feb-2005

98307267 1			185,000.00		184,431.00			13-May-2005		10.600%		NJ - 78.72%		Paid Off - 360		01-Jan-2005

98527989 2			313,600.00		312,153.18			17-May-2005		6.450%		CA - 84.60%		Paid Off - 360		01-Jan-2005

98595705 3			144,500.00		144,264.76			19-May-2005		10.450%		MD - 85.00%		Paid Off - 360		01-Feb-2005

98836687 3			310,500.00		309,715.99			08-Jun-2005		9.450%		NJ - 90.00%		Paid Off - 360		01-Jan-2005

98906522 2			67,600.00		67,439.71			18-May-2005		9.750%		AZ - 65.00%		Paid Off - 360		01-Jan-2005

98995400 3			652,000.00		649,133.74			18-May-2005		6.700%		MD - 80.99%		Paid Off - 360		01-Jan-2005

99132045 3			406,000.00		404,348.65			01-Jun-2005		7.100%		CA - 86.33%		Paid Off - 360		01-Jan-2005

99286585 3			261,000.00		260,398.95			01-Jun-2005		8.800%		AZ - 90.00%		Paid Off - 360		01-Feb-2005




Page 22 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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

99524803 3			673,000.00		669,877.18			26-May-2005		7.200%		CA - 79.18%		Paid Off - 360		01-Jan-2005


99583445 1			92,635.00		92,322.53			13-May-2005		6.900%		NV - 74.11%		Paid Off - 360		01-Feb-2005

99690364 3			360,000.00		358,673.95			10-Jun-2005		7.600%		CA - 89.31%		Paid Off - 360		01-Jan-2005

99788341 3			267,750.00		267,354.34			10-Jun-2005		10.900%		MN - 85.00%		Paid Off - 360		01-Feb-2005

99820441 3			468,500.00		466,638.14			01-Jun-2005		6.050%		CA - 84.41%		Paid Off - 360		01-Feb-2005

99842825 2			127,000.00		126,483.56			16-May-2005		7.100%		CA - 39.88%		Paid Off - 360		01-Jan-2005

99855066 3			336,000.00		335,066.52			03-Jun-2005		8.990%		NY - 85.93%		Paid Off - 360		01-Jan-2005

99887580 1			74,500.00		74,078.83			20-May-2005		9.550%		GA - 70.95%		Paid Off - 240		01-Feb-2005

100044924 3			484,000.00		481,496.60			18-May-2005		5.850%		CA - 82.85%		Paid Off - 360		01-Jan-2005

100193804 3			74,800.00		74,648.73			19-May-2005		10.500%		MI - 85.00%		Paid Off - 360		01-Jan-2005

100207109 2			202,000.00		201,462.66			20-May-2005		9.200%		NV - 74.82%		Paid Off - 360		01-Jan-2005

100380609 3			695,000.00		692,632.29			11-May-2005		7.990%		NY - 81.77%		Paid Off - 360		01-Jan-2005

100424324 1			75,000.00		74,640.44			27-May-2005		6.250%		CA - 15.03%		Paid Off - 360		01-Jan-2005

100475128 3			148,500.00		148,170.32			13-May-2005		8.990%		IL - 90.00%		Paid Off - 360		01-Feb-2005

100478163 3			140,000.00		139,341.57			08-Jun-2005		6.350%		ID - 87.50%		Paid Off - 360		01-Jan-2005

100543768 3			431,500.00		429,911.67			12-May-2005		6.450%		CA - 86.30%		Paid Off - 360		01-Feb-2005

100547181 2			67,500.00		67,270.00			19-May-2005		7.990%		OH - 71.05%		Paid Off - 360		01-Jan-2005

100629765 3			540,000.00		537,756.47			31-May-2005		6.990%		FL - 90.00%		Paid Off - 360		01-Jan-2005

100678325 1			110,000.00		109,784.61			16-May-2005		10.650%		NH - 40.00%		Paid Off - 360		01-Jan-2005

100705102 2			240,000.00		239,637.58			31-May-2005		10.800%		NJ - 73.85%		Paid Off - 360		01-Feb-2005

100707843 3			555,000.00		552,583.75			08-Jun-2005		6.750%		MA - 86.85%		Paid Off - 360		01-Jan-2005

100740588 2			175,000.00		174,386.25			02-Jun-2005		6.700%		RI - 77.78%		Paid Off - 360		01-Feb-2005

101013126 3			307,000.00		306,042.80			27-May-2005		7.300%		WA - 85.75%		Paid Off - 360		01-Feb-2005

101019149 3			228,500.00		227,642.57			18-May-2005		6.350%		MA - 82.19%		Paid Off - 360		01-Feb-2005

101063964 1			278,500.00		277,484.72			06-Jun-2005		6.500%		IL - 75.27%		Paid Off - 360		01-Feb-2005

101127520 1			175,000.00		174,491.02			27-May-2005		7.650%		CA - 63.64%		Paid Off - 360		01-Feb-2005

101132025 3			142,000.00		141,724.50			08-Jun-2005		10.200%		IL - 89.87%		Paid Off - 360		01-Feb-2005

101350981 3			577,569.00		573,588.58			17-May-2005		5.550%		MA - 74.05%		Paid Off - 360		01-Jan-2005

101376762 1			346,300.00		345,025.30			26-May-2005		6.450%		CA - 89.48%		Paid Off - 360		01-Feb-2005

101457562 1			346,000.00		345,098.34			24-May-2005		9.300%		NY - 89.87%		Paid Off - 360		01-Jan-2005

101548220 2			202,500.00		202,070.74			09-Jun-2005		9.200%		IL - 90.00%		Paid Off - 360		01-Feb-2005

101638286 2			230,000.00		229,075.48			07-Jun-2005		5.990%		MD - 72.33%		Paid Off - 360		01-Feb-2005

101642122 1			190,000.00		189,557.91			09-Jun-2005		8.750%		NY - 79.17%		Paid Off - 360		01-Feb-2005

101644029 2			114,000.00		113,668.00			16-May-2005		7.650%		MN - 76.00%		Paid Off - 360		01-Feb-2005

101658227 2			261,000.00		258,862.80			10-Jun-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Feb-2005

101658367 1			228,600.00		228,120.42			27-May-2005		9.250%		MD - 90.00%		Paid Off - 360		01-Feb-2005

101678423 2			200,000.00		196,929.44			27-May-2005		6.250%		MA - 86.96%		Paid Off - 240		01-Feb-2005

101685568 1			236,600.00		235,694.97			10-Jun-2005		6.250%		CA - 76.57%		Paid Off - 360		01-Feb-2005




Page 23 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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

101703148 1			299,750.00		298,456.43			23-May-2005		6.450%		CA - 74.94%		Paid Off - 360		01-Feb-2005


101752905 1			110,000.00		109,725.00			07-Jun-2005		8.400%		FL - 46.81%		Paid Off - 360		01-Feb-2005

101763449 1			74,000.00		73,891.81			07-Jun-2005		10.950%		GA - 59.68%		Paid Off - 360		01-Feb-2005

101776748 1			148,000.00		147,707.02			18-May-2005		10.600%		FL - 80.00%		Paid Off - 360		01-Jan-2005

101806321 2			150,000.00		149,357.03			09-Jun-2005		5.650%		CA - 66.11%		Paid Off - 360		01-Feb-2005

101811560 2			272,250.00		271,735.70			09-Jun-2005		9.750%		IL - 82.50%		Paid Off - 360		01-Feb-2005

101885127 1			215,000.00		214,509.95			11-May-2005		8.850%		CA - 70.72%		Paid Off - 360		01-Feb-2005

101889723 3			400,000.00		398,727.97			12-May-2005		7.200%		NJ - 64.52%		Paid Off - 360		01-Feb-2005

101901742 2			165,000.00		164,495.63			18-May-2005		7.400%		IL - 86.84%		Paid Off - 360		01-Feb-2005

102007465 2			208,000.00		207,401.10			17-May-2005		7.700%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

102026580 3			420,500.00		418,952.16			27-May-2005		6.450%		NJ - 75.09%		Paid Off - 360		01-Feb-2005

102043221 1			163,200.00		162,906.93			02-Jun-2005		9.990%		AZ - 85.00%		Paid Off - 360		01-Feb-2005

102058369 2			125,797.00		125,613.09			11-May-2005		10.950%		GA - 88.59%		Paid Off - 360		01-Feb-2005

102060662 2			117,378.00		117,024.39			01-Jun-2005		7.550%		IL - 76.22%		Paid Off - 360		01-Feb-2005

102105046 1			155,000.00		154,434.91			25-May-2005		6.500%		NJ - 73.81%		Paid Off - 360		01-Feb-2005

102145984 1			128,700.00		128,294.72			09-Jun-2005		7.250%		NY - 90.00%		Paid Off - 360		01-Feb-2005

102153301 2			149,000.00		148,530.81			16-May-2005		7.250%		UT - 89.76%		Paid Off - 360		01-Feb-2005

102193760 1			193,000.00		192,555.56			24-May-2005		8.800%		IL - 87.73%		Paid Off - 360		01-Feb-2005

102237385 2			96,000.00		95,835.11			23-May-2005		10.200%		MO - 84.58%		Paid Off - 360		01-Feb-2005

102260528 1			126,000.00		125,696.27			18-May-2005		9.950%		IL - 90.00%		Paid Off - 360		01-Feb-2005

102336229 1			324,000.00		322,830.18			11-May-2005		6.550%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

102351160 1			102,000.00		101,816.84			31-May-2005		9.990%		AL - 85.00%		Paid Off - 360		01-Feb-2005

102359809 3			160,000.00		159,416.71			31-May-2005		6.500%		MN - 69.87%		Paid Off - 360		01-Feb-2005

102380680 3			482,000.00		480,467.23			09-Jun-2005		7.200%		CA - 88.44%		Paid Off - 360		01-Feb-2005

102391000 2			236,250.00		235,885.49			02-Jun-2005		10.700%		IL - 75.00%		Paid Off - 360		01-Feb-2005

102401700 1			84,000.00		83,480.33			03-Jun-2005		9.700%		MD - 73.04%		Paid Off - 360		01-Feb-2005

102426442 2			261,000.00		260,313.59			19-May-2005		8.150%		NY - 90.00%		Paid Off - 360		01-Feb-2005

102452349 3			333,000.00		332,553.37			02-Jun-2005		11.350%		CO - 90.00%		Paid Off - 360		01-Feb-2005

102460805 2			118,000.00		117,765.06			01-Jun-2005		9.500%		WA - 74.68%		Paid Off - 360		01-Feb-2005

102465309 3			401,000.00		399,671.04			17-May-2005		6.990%		CO - 77.12%		Paid Off - 360		01-Feb-2005

102512605 1			183,000.00		182,435.07			07-Jun-2005		7.350%		MN - 75.00%		Paid Off - 360		01-Feb-2005

102533866 3			467,500.00		466,378.25			31-May-2005		8.600%		CA - 85.00%		Paid Off - 360		01-Feb-2005

102552262 1			60,000.00		59,681.02			18-May-2005		8.200%		MD - 21.98%		Paid Off - 360		01-Feb-2005

102554789 1			293,250.00		292,722.64			09-Jun-2005		9.990%		NY - 85.00%		Paid Off - 360		01-Feb-2005

102566163 2			350,000.00		348,711.66			13-May-2005		6.450%		MD - 79.55%		Paid Off - 360		01-Feb-2005

102611803 2			100,000.00		99,678.83			03-Jun-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Feb-2005

102614302 3			534,060.00		532,017.15			25-May-2005		6.250%		CA - 89.91%		Paid Off - 360		01-Feb-2005

102626769 1			197,200.00		196,815.49			03-Jun-2005		9.600%		MD - 85.00%		Paid Off - 360		01-Feb-2005




Page 24 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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

102634847 3			750,000.00		747,265.81			10-Jun-2005		6.500%		FL - 68.18%		Paid Off - 360		01-Feb-2005


102667268 2			216,400.00		215,920.13			02-Jun-2005		8.990%		RI - 84.86%		Paid Off - 360		01-Feb-2005

102753126 3			612,000.00		610,072.94			16-May-2005		7.250%		FL - 85.00%		Paid Off - 360		01-Feb-2005

102797628 2			257,400.00		256,544.60			16-May-2005		7.250%		IL - 90.00%		Paid Off - 360		01-Feb-2005

102815644 2			206,000.00		205,394.87			19-May-2005		7.600%		IL - 82.40%		Paid Off - 360		01-Feb-2005

102920600 1			96,750.00		96,344.91			09-Jun-2005		5.990%		IA - 67.19%		Paid Off - 360		01-Feb-2005

103029385 2			111,600.00		111,316.21			19-May-2005		8.500%		MI - 90.00%		Paid Off - 360		01-Feb-2005

103042222 1			190,000.00		189,500.29			25-May-2005		8.150%		MI - 55.88%		Paid Off - 360		01-Feb-2005

103051660 1			181,750.00		181,074.51			20-May-2005		6.400%		FL - 84.54%		Paid Off - 360		01-Feb-2005

103052007 1			272,000.00		271,261.13			07-Jun-2005		7.990%		MD - 85.05%		Paid Off - 360		01-Feb-2005

103059226 1			296,400.00		295,776.61			11-May-2005		9.250%		MD - 83.49%		Paid Off - 360		01-Feb-2005

103073425 3			360,000.00		359,187.90			17-May-2005		8.900%		IL - 90.00%		Paid Off - 360		01-Feb-2005

103088548 2			88,000.00		87,799.39			03-Jun-2005		8.850%		GA - 73.33%		Paid Off - 360		01-Feb-2005

103111068 1			60,000.00		59,598.99			02-Jun-2005		5.800%		FL - 31.25%		Paid Off - 360		01-Feb-2005

103114146 1			109,500.00		109,299.61			20-May-2005		9.900%		MN - 84.23%		Paid Off - 360		01-Feb-2005

103114609 3			474,375.00		473,610.97			27-May-2005		10.500%		NY - 82.50%		Paid Off - 360		01-Feb-2005

103143467 2			350,100.00		349,101.99			27-May-2005		7.750%		CA - 89.77%		Paid Off - 360		01-Feb-2005

103148326 1			137,750.00		137,368.95			08-Jun-2005		7.900%		GA - 95.00%		Paid Off - 360		01-Feb-2005

103175907 2			97,200.00		96,877.84			02-Jun-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005

103188967 1			297,000.00		296,161.79			27-May-2005		7.800%		TN - 90.00%		Paid Off - 360		01-Feb-2005

103234746 1			130,439.00		129,954.19			09-Jun-2005		6.400%		FL - 89.96%		Paid Off - 360		01-Feb-2005

103238887 2			195,500.00		195,148.96			18-May-2005		9.990%		MD - 85.00%		Paid Off - 360		01-Feb-2005

103279782 2			297,000.00		296,015.70			24-May-2005		6.990%		MD - 90.00%		Paid Off - 360		01-Feb-2005

103286621 1			102,000.00		101,694.35			06-Jun-2005		7.500%		NJ - 56.67%		Paid Off - 360		01-Feb-2005

103314969 1			270,000.00		269,149.58			12-May-2005		7.250%		RI - 90.00%		Paid Off - 360		01-Feb-2005

103352084 2			340,000.00		339,011.20			27-May-2005		7.650%		NY - 89.47%		Paid Off - 360		01-Feb-2005

103417325 2			136,000.00		135,848.83			31-May-2005		12.200%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

103458667 2			234,000.00		233,326.23			06-Jun-2005		7.700%		WI - 88.97%		Paid Off - 360		01-Feb-2005

103517801 2			104,550.00		104,301.69			20-May-2005		8.650%		LA - 85.00%		Paid Off - 360		01-Feb-2005

103544904 3			423,300.00		421,536.14			24-May-2005		5.800%		MA - 89.99%		Paid Off - 360		01-Feb-2005

103566865 2			139,500.00		139,110.21			06-Jun-2005		7.850%		MD - 90.00%		Paid Off - 360		01-Feb-2005

103756342 2			121,500.00		121,242.41			31-May-2005		9.200%		MD - 86.79%		Paid Off - 360		01-Feb-2005

103848727 2			117,000.00		116,631.58			17-May-2005		7.250%		ME - 90.00%		Paid Off - 360		01-Feb-2005

103857082 3			64,120.00		63,070.64			27-May-2005		7.800%		FL - 64.12%		Paid Off - 180		01-Feb-2005

103904520 3			560,000.00		558,628.50			16-May-2005		8.500%		FL - 89.60%		Paid Off - 360		01-Feb-2005

103908224 2			147,600.00		147,211.79			01-Jun-2005		8.150%		NE - 90.00%		Paid Off - 360		01-Feb-2005

103926523 1			225,000.00		224,383.85			27-May-2005		7.950%		MD - 84.94%		Paid Off - 360		01-Feb-2005

104057906 1			121,325.00		120,979.14			27-May-2005		7.750%		PA - 90.00%		Paid Off - 360		01-Feb-2005




Page 25 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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

104068002 1			140,250.00		139,808.35			02-Jun-2005		7.250%		FL - 82.50%		Paid Off - 360		01-Feb-2005


104121587 2			215,500.00		214,643.59			27-May-2005		6.050%		MA - 82.25%		Paid Off - 360		01-Feb-2005

104128723 1			69,000.00		68,862.62			24-May-2005		9.500%		FL - 75.00%		Paid Off - 360		01-Feb-2005

104150289 1			69,871.00		69,706.71			31-May-2005		8.700%		FL - 31.05%		Paid Off - 360		01-Feb-2005

104156260 2			180,000.00		179,659.97			12-May-2005		9.750%		NJ - 67.93%		Paid Off - 360		01-Feb-2005

104159280 1			253,000.00		252,073.87			07-Jun-2005		6.700%		NV - 76.21%		Paid Off - 360		01-Feb-2005

104195284 3			68,500.00		68,286.42			18-May-2005		7.300%		CA - 33.42%		Paid Off - 360		01-Feb-2005

104252168 1			142,400.00		141,863.77			08-Jun-2005		6.350%		MN - 80.00%		Paid Off - 360		01-Feb-2005

104257704 1			273,750.00		273,018.29			31-May-2005		8.100%		CA - 75.00%		Paid Off - 360		01-Feb-2005

104272240 1			168,000.00		167,737.98			27-May-2005		10.650%		IL - 75.00%		Paid Off - 360		01-Feb-2005

104333141 2			131,000.00		130,736.41			06-Jun-2005		9.450%		NJ - 74.86%		Paid Off - 360		01-Feb-2005

104433420 2			148,748.00		148,255.03			10-Jun-2005		6.990%		FL - 87.50%		Paid Off - 360		01-Feb-2005

104516901 1			215,000.00		214,391.58			27-May-2005		7.800%		AZ - 89.58%		Paid Off - 360		01-Feb-2005

104526041 1			154,933.00		154,702.53			01-Jun-2005		9.500%		CA - 75.00%		Paid Off - 360		01-Mar-2005

104540323 1			207,000.00		206,415.77			24-May-2005		7.800%		CA - 73.93%		Paid Off - 360		01-Feb-2005

104559984 1			202,000.00		201,330.53			07-Jun-2005		6.990%		MD - 82.27%		Paid Off - 360		01-Feb-2005

104583067 2			249,000.00		248,174.77			19-May-2005		6.990%		FL - 73.28%		Paid Off - 360		01-Feb-2005

104591409 3			135,850.00		135,533.89			02-Jun-2005		8.750%		WA - 65.00%		Paid Off - 360		01-Feb-2005

104627344 1			86,400.00		85,724.99			26-May-2005		7.400%		TX - 80.00%		Paid Off - 240		01-Feb-2005

104821749 1			277,000.00		276,418.88			02-Jun-2005		9.250%		NY - 72.90%		Paid Off - 360		01-Feb-2005

104837760 2			113,500.00		113,105.81			18-May-2005		6.750%		MA - 52.79%		Paid Off - 360		01-Feb-2005

105043020 1			100,000.00		99,815.07			03-Jun-2005		8.450%		MI - 80.00%		Paid Off - 360		01-Mar-2005

105199343 1			60,000.00		59,882.05			20-May-2005		8.150%		AZ - 26.67%		Paid Off - 360		01-Mar-2005

105270821 1			300,000.00		299,499.51			02-Jun-2005		8.950%		MD - 75.00%		Paid Off - 360		01-Mar-2005

105277743 3			292,500.00		291,906.05			27-May-2005		7.990%		MI - 90.00%		Paid Off - 360		01-Mar-2005

105538102 1			207,500.00		207,181.51			20-May-2005		9.350%		CA - 72.10%		Paid Off - 360		01-Mar-2005

105649941 1			156,000.00		155,518.23			26-May-2005		5.850%		OR - 81.25%		Paid Off - 360		01-Mar-2005

105705669 2			162,800.00		162,325.13			12-May-2005		6.150%		WI - 69.87%		Paid Off - 360		01-Mar-2005

105857007 1			136,000.00		135,723.82			02-Jun-2005		7.990%		CO - 80.00%		Paid Off - 360		01-Mar-2005

106594146 2			273,000.00		272,520.33			26-May-2005		8.700%		CA - 82.40%		Paid Off - 360		01-Mar-2005

106818040 3			124,950.00		124,799.72			31-May-2005		10.500%		WI - 85.00%		Paid Off - 360		01-Mar-2005

107087702 3			403,750.00		403,237.71			02-Jun-2005		10.250%		NY - 85.00%		Paid Off - 360		01-Mar-2005

91678441 1			120,800.00		120,101.43			14-Jun-2005		7.050%		CA - 71.52%		Repur/Subs - 360		01-Nov-2004



TOTAL			49,496,225.00		49,305,911.42



Page 26 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




Number of Loans Liquidated								0		0		0		0
Collateral Principal Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								0.00		0.00		0.00		0.00

Cumulative




Number of Loans Liquidated								0		0		0		0
Collateral Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								0.00		0.00		0.00		0.00










Page 27 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



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


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


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


Loss Severity Approximation for Current Period								0.00%		0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation								0.00%		0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation								0.00%		0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off								0.00%		0.00%		0.00%		0.00%












Page 28 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 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 29 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)





TOTAL



Page 30 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

								Group 3		Group 2		Group 1		Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						Does a Sequential Trigger Exist? (0=No,1=Yes)								0

						60 + Days Delinquent Balance								14,883,947.90
						Ending Balance								1,363,994,482.25
						Delinquency Percentage								1.091203%

						Certificate Balances of Mezzanine and C Classes								277,500,006.30
						Credit Enhancement Percentage								20.344658%
						Credit Enhancement Percentage - Prior Month								19.618009%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current LIBOR Rate														3.090000%
Next LIBOR Rate														3.314380%




Page 31 of 32
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

June 27, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

										Next Pass Through Rate			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1A							3.62%			$0.00		$0.00

			A-1B							3.61%			$0.00		$0.00

			A-2A							3.56%			$0.00		$0.00

			A-2B							3.61%			$0.00		$0.00

			A-3A							3.41%			$0.00		$0.00

			A-3B							3.52%			$0.00		$0.00

			A-3C							3.66%			$0.00		$0.00

			A-3D							3.62%			$0.00		$0.00

			M-1							3.76%			$0.00		$0.00

			M-2							3.79%			$0.00		$0.00

			M-3							3.84%			$0.00		$0.00

			M-4							4.05%			$0.00		$0.00

			M-5							4.09%			$0.00		$0.00

			M-6							4.31%			$0.00		$0.00

			M-7							4.66%			$0.00		$0.00

			M-8							5.06%			$0.00		$0.00

			M-9							6.06%			$0.00		$0.00

			M-10							6.06%			$0.00		$0.00







Page 32 of 32

Ameriquest Mortgage Securities Inc. Series 2005-R1 8-K