

                                       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 March 1, 2005, providing for the issuance of
          Asset-Backed Pass-Through Certificates, Series 2005-R2)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121781-02                          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-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Ameriquest Mtg Sec Inc						1. Certificate Payment Report					2
				Ameriquest Mtg Sec Inc						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					16

										7. Foreclosure Report					17
										8. Prepayment Report					18
										9. Prepayment Detail Report					21
										9. Prepayment Detail Report					21
										10. Realized Loss Report					25
										11. Realized Loss Detail Report					28
				Servicer(s)						11. Realized Loss Detail Report					28
				Servicer(s)						12. Triggers and Adj. Cert. Report					29
				Ameriquest Mortgage Corp						12. Triggers and Adj. Cert. Report					29
				Ameriquest Mortgage Corp						13. Additional Certificate Report					30
										13. Additional Certificate Report					30


				Underwriter(s)
				Morgan Stanley
				Wachovia Securites
				RBS Greenwich Capital
				UBS Investment Bank

										Total Number of Pages					30
															30


				Dates						Contacts

				Cut-Off Date:			March 01, 2005			Valerie Delgado
				Close Date:			March 24, 2005			Administrator
				First Distribution Date:			April 25, 2005			(714) 247-6273
										valerie.m.delgado@db.com
										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			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							June 24, 2005
							June 24, 2005

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






Page 1 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	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	$	258,089,000.00		250,334,308.69		781,355.96		7,935,791.68		8,717,147.64		0.00		0.00		242,398,517.01
A-1A	SR	$	258,089,000.00		250,334,308.69		781,355.96		7,935,791.68		8,717,147.64		0.00		0.00		242,398,517.01
A-1B	SR	$	64,523,000.00		62,584,304.64		193,907.04		1,983,970.98		2,177,878.02		0.00		0.00		60,600,333.66
A-2A	SR	$	258,048,000.00		252,194,454.20		772,135.35		6,091,134.68		6,863,270.03		0.00		0.00		246,103,319.52
A-2B	SR	$	64,511,000.00		63,047,636.23		195,920.53		1,522,760.06		1,718,680.59		0.00		0.00		61,524,876.17
A-3A	SR	$	124,645,000.00		111,571,285.54		326,253.03		10,757,750.20		11,084,003.23		0.00		0.00		100,813,535.34
A-3B	SR	$	139,369,000.00		139,369,000.00		420,313.68		0.00		420,313.68		0.00		0.00		139,369,000.00
A-3C	SR	$	26,352,000.00		26,352,000.00		82,855.08		0.00		82,855.08		0.00		0.00		26,352,000.00
A-3D	SR	$	32,263,000.00		30,810,360.06		95,743.19		1,195,309.69		1,291,052.88		0.00		0.00		29,615,050.37
M-1	MEZ	$	31,200,000.00		31,200,000.00		101,244.00		0.00		101,244.00		0.00		0.00		31,200,000.00
M-2	MEZ	$	49,800,000.00		49,800,000.00		162,970.50		0.00		162,970.50		0.00		0.00		49,800,000.00
M-3	MEZ	$	16,800,000.00		16,800,000.00		55,594.00		0.00		55,594.00		0.00		0.00		16,800,000.00
M-4	MEZ	$	28,800,000.00		28,800,000.00		100,056.00		0.00		100,056.00		0.00		0.00		28,800,000.00
M-5	MEZ	$	16,800,000.00		16,800,000.00		58,828.00		0.00		58,828.00		0.00		0.00		16,800,000.00
M-6	MEZ	$	12,000,000.00		12,000,000.00		42,570.00		0.00		42,570.00		0.00		0.00		12,000,000.00
M-7	MEZ	$	19,200,000.00		19,200,000.00		76,736.00		0.00		76,736.00		0.00		0.00		19,200,000.00
M-8	MEZ	$	9,000,000.00		9,000,000.00		36,630.00		0.00		36,630.00		0.00		0.00		9,000,000.00
M-9	MEZ	$	13,200,000.00		13,200,000.00		61,589.00		0.00		61,589.00		0.00		0.00		13,200,000.00
M-10	MEZ	$	7,800,000.00		7,800,000.00		39,968.50		0.00		39,968.50		0.00		0.00		7,800,000.00
M-11	MEZ	$	12,000,000.00		12,000,000.00		61,490.00		0.00		61,490.00		0.00		0.00		12,000,000.00
CE	SUB	$	15,600,337.10		15,600,005.68		3,186,549.66		0.00		3,186,549.66		0.00		0.00		15,600,005.68
P	SUB	$	100.00		100.00		350,503.25		0.00		350,503.25		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			1,200,000,437.10		1,168,463,455.04		7,203,212.77		29,486,717.29		36,689,930.06		0.00		0.00		1,138,976,737.75
Total





Page 2 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
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		03072SYJ8		258,089,000.00		969.953422		3.027467		30.748276		33.775743	939.205146
A-1B	05/25/05		06/26/05		A-Act/360		03072SYK5		64,523,000.00		969.953422		3.005239		30.748275		33.753515	939.205146
A-2A	05/25/05		06/26/05		A-Act/360		03072SYL3		258,048,000.00		977.316058		2.992216		23.604658		26.596874	953.711401
A-2B	05/25/05		06/26/05		A-Act/360		03072SYM1		64,511,000.00		977.316058		3.037010		23.604658		26.641667	953.711401
A-3A	05/25/05		06/26/05		A-Act/360		03072SYN9		124,645,000.00		895.112404		2.617458		86.307114		88.924572	808.805290
A-3B	05/25/05		06/26/05		A-Act/360		03072SYP4		139,369,000.00		1,000.000000		3.015833		0.000000		3.015833	1,000.000000
A-3C	05/25/05		06/26/05		A-Act/360		03072SYQ2		26,352,000.00		1,000.000000		3.144167		0.000000		3.144167	1,000.000000
A-3D	05/25/05		06/26/05		A-Act/360		03072SZC2		32,263,000.00		954.975051		2.967585		37.048932		40.016517	917.926119
M-1	05/25/05		06/26/05		A-Act/360		03072SYR0		31,200,000.00		1,000.000000		3.245000		0.000000		3.245000	1,000.000000
M-2	05/25/05		06/26/05		A-Act/360		03072SYS8		49,800,000.00		1,000.000000		3.272500		0.000000		3.272500	1,000.000000
M-3	05/25/05		06/26/05		A-Act/360		03072SYT6		16,800,000.00		1,000.000000		3.309167		0.000000		3.309167	1,000.000000
M-4	05/25/05		06/26/05		A-Act/360		03072SYU3		28,800,000.00		1,000.000000		3.474167		0.000000		3.474167	1,000.000000
M-5	05/25/05		06/26/05		A-Act/360		03072SYV1		16,800,000.00		1,000.000000		3.501667		0.000000		3.501667	1,000.000000
M-6	05/25/05		06/26/05		A-Act/360		03072SYW9		12,000,000.00		1,000.000000		3.547500		0.000000		3.547500	1,000.000000
M-7	05/25/05		06/26/05		A-Act/360		03072SYX7		19,200,000.00		1,000.000000		3.996667		0.000000		3.996667	1,000.000000
M-8	05/25/05		06/26/05		A-Act/360		03072SYY5		9,000,000.00		1,000.000000		4.070000		0.000000		4.070000	1,000.000000
M-9	05/25/05		06/26/05		A-Act/360		03072SYZ2		13,200,000.00		1,000.000000		4.665833		0.000000		4.665833	1,000.000000
M-10	05/25/05		06/26/05		A-Act/360		03072SZD0		7,800,000.00		1,000.000000		5.124167		0.000000		5.124167	1,000.000000
M-11	05/25/05		06/26/05		A-Act/360		03072SZE8		12,000,000.00		1,000.000000		5.124167		0.000000		5.124167	1,000.000000
CE	05/01/05		05/30/05		F-30/360				1,215,600,774.20		12.833165		2.621378		0.000000		2.621378	12.833165
P	05/01/05		05/30/05		F-30/360				100.00		1,000.000000		3,505,032.500000		0.000000		3,505,032.500000	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 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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	258,089,000.00		2,217,669.91		14,909,868.34		780,614.65		15,690,482.99		17,908,152.90		0.00		0.00		242,398,517.01
A-1B	64,523,000.00		550,224.84		3,727,510.41		195,155.93		3,922,666.34		4,472,891.18		0.00		0.00		60,600,333.66
A-2A	258,048,000.00		2,179,940.23		11,146,488.06		798,192.42		11,944,680.48		14,124,620.71		0.00		0.00		246,103,319.52
A-2B	64,511,000.00		553,396.79		2,786,578.82		199,545.01		2,986,123.83		3,539,520.62		0.00		0.00		61,524,876.17
A-3A	124,645,000.00		962,851.65		22,985,266.01		846,198.65		23,831,464.66		24,794,316.31		0.00		0.00		100,813,535.34
A-3B	139,369,000.00		1,172,132.00		0.00		0.00		0.00		1,172,132.00		0.00		0.00		139,369,000.00
A-3C	26,352,000.00		231,363.24		0.00		0.00		0.00		231,363.24		0.00		0.00		26,352,000.00
A-3D	32,263,000.00		273,646.82		2,553,927.23		94,022.40		2,647,949.63		2,921,596.45		0.00		0.00		29,615,050.37
M-1	31,200,000.00		282,984.00		0.00		0.00		0.00		282,984.00		0.00		0.00		31,200,000.00
M-2	49,800,000.00		455,628.50		0.00		0.00		0.00		455,628.50		0.00		0.00		49,800,000.00
M-3	16,800,000.00		155,479.33		0.00		0.00		0.00		155,479.33		0.00		0.00		16,800,000.00
M-4	28,800,000.00		280,216.00		0.00		0.00		0.00		280,216.00		0.00		0.00		28,800,000.00
M-5	16,800,000.00		164,789.33		0.00		0.00		0.00		164,789.33		0.00		0.00		16,800,000.00
M-6	12,000,000.00		119,290.00		0.00		0.00		0.00		119,290.00		0.00		0.00		12,000,000.00
M-7	19,200,000.00		215,690.67		0.00		0.00		0.00		215,690.67		0.00		0.00		19,200,000.00
M-8	9,000,000.00		103,005.00		0.00		0.00		0.00		103,005.00		0.00		0.00		9,000,000.00
M-9	13,200,000.00		173,715.67		0.00		0.00		0.00		173,715.67		0.00		0.00		13,200,000.00
M-10	7,800,000.00		112,941.83		0.00		0.00		0.00		112,941.83		0.00		0.00		7,800,000.00
M-11	12,000,000.00		173,756.67		0.00		0.00		0.00		173,756.67		0.00		0.00		12,000,000.00
CE	15,600,337.10		10,499,733.99		0.00		0.00		331.43		10,500,065.42		0.00		0.00		15,600,005.68
P	100.00		596,104.94		0.00		0.00		0.00		596,104.94		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	1,200,000,437.10		21,474,561.41		58,109,638.87		2,913,729.06		61,023,699.36		82,498,260.77		0.00		0.00		1,138,976,737.75



Page 4 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

Interest Detail - REMIC II
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	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	3.40500%		250,334,308.69		781,355.96		0.00		0.00		0.00		781,355.96		781,355.96		0.00
A-1B	3.38000%		62,584,304.64		193,907.04		0.00		0.00		0.00		193,907.04		193,907.04		0.00
A-2A	3.34000%		252,194,454.20		772,135.35		0.00		0.00		0.00		772,135.35		772,135.35		0.00
A-2B	3.39000%		63,047,636.23		195,920.53		0.00		0.00		0.00		195,920.53		195,920.53		0.00
A-3A	3.19000%		111,571,285.54		326,253.03		0.00		0.00		0.00		326,253.03		326,253.03		0.00
A-3B	3.29000%		139,369,000.00		420,313.68		0.00		0.00		0.00		420,313.68		420,313.68		0.00
A-3C	3.43000%		26,352,000.00		82,855.08		0.00		0.00		0.00		82,855.08		82,855.08		0.00
A-3D	3.39000%		30,810,360.06		95,743.19		0.00		0.00		0.00		95,743.19		95,743.19		0.00
M-1	3.54000%		31,200,000.00		101,244.00		0.00		0.00		0.00		101,244.00		101,244.00		0.00
M-2	3.57000%		49,800,000.00		162,970.50		0.00		0.00		0.00		162,970.50		162,970.50		0.00
M-3	3.61000%		16,800,000.00		55,594.00		0.00		0.00		0.00		55,594.00		55,594.00		0.00
M-4	3.79000%		28,800,000.00		100,056.00		0.00		0.00		0.00		100,056.00		100,056.00		0.00
M-5	3.82000%		16,800,000.00		58,828.00		0.00		0.00		0.00		58,828.00		58,828.00		0.00
M-6	3.87000%		12,000,000.00		42,570.00		0.00		0.00		0.00		42,570.00		42,570.00		0.00
M-7	4.36000%		19,200,000.00		76,736.00		0.00		0.00		0.00		76,736.00		76,736.00		0.00
M-8	4.44000%		9,000,000.00		36,630.00		0.00		0.00		0.00		36,630.00		36,630.00		0.00
M-9	5.09000%		13,200,000.00		61,589.00		0.00		0.00		0.00		61,589.00		61,589.00		0.00
M-10	5.59000%		7,800,000.00		39,968.50		0.00		0.00		0.00		39,968.50		39,968.50		0.00
M-11	5.59000%		12,000,000.00		61,490.00		0.00		0.00		0.00		61,490.00		61,490.00		0.00
CE	245.11912%		15,600,005.68		0.00		0.00		0.00		0.00		0.00		3,186,549.66		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		350,503.25		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,168,463,455.04		3,666,159.86		0.00		0.00		0.00		3,666,159.86		7,203,212.77		0.00



Page 5 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
								Group 3		Group 2		Group 1		Total
Principal Collections								11,953,059.89		7,613,894.74		9,919,762.66		29,486,717.29
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								11,953,059.89		7,613,894.74		9,919,762.66		29,486,717.29
Interest Collections								2,297,887.84		2,342,964.87		2,338,665.32		6,964,594.06
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-34,061.69		-37,958.73		-39,864.10		-111,884.53
Interest Other Accounts														350,503.25
TOTAL NET INTEREST								2,263,826.15		2,305,006.14		2,298,801.22		7,203,212.78
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														36,689,930.07



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									308,205.15		330,214.78		320,768.61		959,188.54
Curtailments									16,785.00		105,790.14		16,879.10		139,454.24
Prepayments In Full									11,628,069.74		7,177,889.82		9,582,114.95		28,388,074.51
Repurchased/Substitutions									0.00		0.00		0.00		0.00
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									-246,461.69		-252,870.15		-238,202.69		-737,534.53
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									246,461.69		252,870.15		238,202.69		737,534.53
TOTAL PRINCIPAL COLLECTED									11,953,059.89		7,613,894.74		9,919,762.66		29,486,717.29


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
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 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
								Group 3		Group 2		Group 1		Total
Scheduled Interest								2,410,141.35		2,469,396.45		2,462,053.48		7,341,591.28
Repurchased/Substitution Interest								0.00		0.00		0.00		0.00
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								-16,164.89		-6,270.40		-16,348.34		-38,783.63
Delinquent Interest								-1,917,877.37		-1,927,674.51		-1,892,847.25		-5,738,399.13
Compensating Interest								16,164.89		6,270.40		16,348.35		38,783.64
Civil Relief Act Shortfalls								-0.00		-171.90		-0.00		-171.90
Interest Advanced								1,790,699.88		1,801,414.83		1,769,459.10		5,361,573.81
TOTAL INTEREST COLLECTED								2,297,887.84		2,342,964.87		2,338,665.32		6,964,594.06


INTEREST - WITHDRAWALS
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
INTEREST - OTHER ACCOUNTS
								Group 3		Group 2		Group 1		Total
Prepayment Charges														350,503.25
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														350,503.25



INTEREST - FEES
INTEREST - FEES
								Group 3		Group 2		Group 1		Total
Current Servicing Fees								33,451.30		37,337.07		39,246.09		110,034.46
Trustee Fees								610.39		621.67		618.01		1,850.07
TOTAL INTEREST FEES								34,061.69		37,958.73		39,864.10		111,884.53




Page 7 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
								Group 3		Group 2		Group 1		Total
Net WAC Reserve Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
								Group 3		Group 2		Group 1		Total
Overcollateralized Amount														15,600,005.68
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														15,600,005.68

Credit Enhancement Percentage														20.39%
Class A Certificate Defiency Amount														0.00




Page 8 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								1,709		2,644		2,461		6,814
Prior								1,663		2,603		2,410		6,676
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-32		-39		-47		-118
Repurchases								-0		-0		-0		-0
Liquidations								-0		-0		-0		-0
Current								1,631		2,564		2,363		6,558
Principal Balance:


Original								400,035,619.04		399,949,167.75		400,015,650.31		1,200,000,437.10
Prior								385,509,098.98		392,632,178.22		390,322,177.85		1,168,463,455.05
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-308,205.15		-330,214.78		-320,768.61		-959,188.54
Partial Prepayments								-16,785.00		-105,790.14		-16,879.10		-139,454.24
Full Voluntary Prepayments								-11,628,069.74		-7,177,889.82		-9,582,114.95		-28,388,074.51
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								373,556,039.09		385,018,283.48		380,402,415.19		1,138,976,737.76





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.52115%		7.55269%		7.58162%		7.55182%
Weighted Average Coupon Prior								7.52030%		7.54957%		7.57887%		7.54965%
Weighted Average Coupon Current								7.50221%		7.54721%		7.56930%		7.53974%
Weighted Average Months to Maturity Original								354		351		352		352
Weighted Average Months to Maturity Prior								353		350		351		351
Weighted Average Months to Maturity Current								352		349		350		350
Weighted Avg Remaining Amortization Term Original								354		351		352		352
Weighted Avg Remaining Amortization Term Prior								353		350		351		351
Weighted Avg Remaining Amortization Term Current								352		349		350		350
Weighted Average Seasoning Original								2.11		2.16		2.14		2.14
Weighted Average Seasoning Prior								3.11		3.16		3.14		3.14
Weighted Average Seasoning Current								4.11		4.15		4.14		4.14









Page 10 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								5.80199%		5.82431%		5.89064%		5.83889%
Weighted Average Margin Prior								5.80913%		5.82330%		5.88974%		5.84073%
Weighted Average Margin Current								5.80816%		5.82495%		5.88436%		5.83921%
Weighted Average Max Rate Original								13.75783%		13.76170%		13.80585%		13.77508%
Weighted Average Max Rate Prior								13.75971%		13.75768%		13.80276%		13.77338%
Weighted Average Max Rate Current								13.74329%		13.75767%		13.79438%		13.76516%
Weighted Average Min Rate Original								7.75783%		7.76170%		7.80585%		7.77508%
Weighted Average Min Rate Prior								7.75971%		7.75768%		7.80276%		7.77338%
Weighted Average Min Rate Current								7.74329%		7.75767%		7.79438%		7.76516%
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								33,451.30		37,337.07		39,246.09		110,034.46
Delinquent Servicing Fees								127,177.49		126,259.68		123,388.15		376,825.32
TOTAL SERVICING FEES								160,628.80		163,596.75		162,634.25		486,859.80


Total Servicing Fees								160,628.80		163,596.75		162,634.25		486,859.80
Compensating Interest								-16,164.89		-6,270.40		-16,348.35		-38,783.64
Delinquent Servicing Fees								-127,177.49		-126,259.68		-123,388.15		-376,825.32
COLLECTED SERVICING FEES								33,451.30		37,337.07		39,246.09		71,250.83


Total Advanced Interest								1,790,699.88		1,801,414.83		1,769,459.10		5,361,573.81
Total Advanced Principal								246,461.69		252,870.15		238,202.69		737,534.53
Aggregate Advances with respect to this Distribution								2,037,161.57		2,054,284.98		2,007,661.79		6,099,108.33





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								16,164.89		6,270.40		16,348.34		38,783.63
Compensating Interest								-16,164.89		-6,270.40		-16,348.35		-38,783.64
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								373,556,039.09		385,018,283.48		380,402,415.19		1,138,976,737.76
Weighted Average Net Mortgage Rate								7.000308%		7.045305%		7.067396%		7.037839%




Page 11 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,463,069.37		866,010.89		0.00		8,329,080.26
			% Balance				0.66%		0.08%		0.00%		0.73%
			# Loans				47		7		0		54
			% # Loans				0.72%		0.11%		0.00%		0.82%
	FORECLOSURE		Balance		0.00		0.00		637,111.55		0.00		637,111.55
			% Balance		0.00%		0.00%		0.06%		0.00%		0.06%
			# Loans		0		0		5		0		5
			% # Loans		0.00%		0.00%		0.08%		0.00%		0.08%
	BANKRUPTCY		Balance		763,774.61		99,101.52		0.00		0.00		862,876.13
			% Balance		0.07%		0.01%		0.00%		0.00%		0.08%
			# Loans		7		1		0		0		8
			% # Loans		0.11%		0.02%		0.00%		0.00%		0.12%
	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		763,774.61		7,562,170.89		1,503,122.44		0.00		9,829,067.94
			% Balance		0.07%		0.66%		0.13%		0.00%		0.86%
			# Loans		7		48		12		0		67
			% # Loans		0.11%		0.73%		0.18%		0.00%		1.02%









Page 12 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,875,109.54		608,555.08		0.00		3,483,664.62
			% Balance				0.76%		0.16%		0.00%		0.92%
			# Loans				18		4		0		22
			% # Loans				0.76%		0.17%		0.00%		0.93%
	FORECLOSURE		Balance		0.00		0.00		110,790.28		0.00		110,790.28
			% Balance		0.00%		0.00%		0.03%		0.00%		0.03%
			# Loans		0		0		1		0		1
			% # Loans		0.00%		0.00%		0.04%		0.00%		0.04%
	BANKRUPTCY		Balance		631,479.69		99,101.52		0.00		0.00		730,581.21
			% Balance		0.17%		0.03%		0.00%		0.00%		0.19%
			# Loans		5		1		0		0		6
			% # Loans		0.21%		0.04%		0.00%		0.00%		0.25%
	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		631,479.69		2,974,211.06		719,345.36		0.00		4,325,036.11
			% Balance		0.17%		0.78%		0.19%		0.00%		1.14%
			# Loans		5		19		5		0		29
			% # Loans		0.21%		0.80%		0.21%		0.00%		1.23%










Page 13 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,549,748.78		257,455.81		0.00		2,807,204.59
			% Balance				0.66%		0.07%		0.00%		0.73%
			# Loans				19		3		0		22
			% # Loans				0.74%		0.12%		0.00%		0.86%
	FORECLOSURE		Balance		0.00		0.00		391,706.12		0.00		391,706.12
			% Balance		0.00%		0.00%		0.10%		0.00%		0.10%
			# Loans		0		0		3		0		3
			% # Loans		0.00%		0.00%		0.12%		0.00%		0.12%
	BANKRUPTCY		Balance		132,294.92		0.00		0.00		0.00		132,294.92
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		2		0		0		0		2
			% # Loans		0.08%		0.00%		0.00%		0.00%		0.08%
	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		132,294.92		2,549,748.78		649,161.93		0.00		3,331,205.63
			% Balance		0.03%		0.66%		0.17%		0.00%		0.87%
			# Loans		2		19		6		0		27
			% # Loans		0.08%		0.74%		0.23%		0.00%		1.05%










Page 14 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,038,211.05		0.00		0.00		2,038,211.05
			% Balance				0.55%		0.00%		0.00%		0.55%
			# Loans				10		0		0		10
			% # Loans				0.61%		0.00%		0.00%		0.61%
	FORECLOSURE		Balance		0.00		0.00		134,615.15		0.00		134,615.15
			% Balance		0.00%		0.00%		0.04%		0.00%		0.04%
			# Loans		0		0		1		0		1
			% # Loans		0.00%		0.00%		0.06%		0.00%		0.06%
	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		2,038,211.05		134,615.15		0.00		2,172,826.20
			% Balance		0.00%		0.55%		0.04%		0.00%		0.58%
			# Loans		0		10		1		0		11
			% # Loans		0.00%		0.61%		0.06%		0.00%		0.67%









Page 15 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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
105170740 1
105170740 1			111,000.00		110,790.28		01-Feb-2005		9.750%		RI - 74.00%		360		01-Mar-2005

103756268 2			135,625.00		135,268.31		01-Feb-2005		8.150%		MI - 87.50%		360		01-Mar-2005
105512040 2			76,000.00		75,851.79		01-Feb-2005		9.600%		MI - 38.19%		360		01-Mar-2005
105580443 2			180,900.00		180,586.02		01-Feb-2005		10.150%		WI - 90.00%		360		01-Mar-2005
107132664 3			135,000.00		134,615.15		01-Feb-2005		7.750%		FL - 90.00%		360		01-Mar-2005


TOTAL			638,525.00		637,111.55



Page 17 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								32		39		47		118
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								32		39		47		118
Curtailments Amount								16,785.00		105,790.14		16,879.10		139,454.24
Paid in Full Balance								11,628,069.74		7,177,889.82		9,582,114.95		28,388,074.51
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								11,644,854.74		7,283,679.96		9,598,994.05		28,527,528.75

Cumulative


Number of Paid in Full Loans								69		71		89		229
Number of Repurchased Loans								9		9		9		27
Total Number of Loans Prepaid in Full								78		80		98		256
Paid in Full Balance								23,379,265.18		12,588,992.24		17,144,405.22		53,112,662.64
Repurchased Loans Balance								1,964,444.49		1,158,795.68		1,404,425.00		4,527,665.17
Curtailments Amount								195,649.23		185,358.92		88,634.32		469,642.47
Total Prepayment Amount								25,539,358.90		13,933,146.84		18,637,464.54		58,109,970.28










Page 18 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

									Group 3		Group 2		Group 1		Total



SMM								3.02%		1.86%		2.46%		2.44%
3 Months Avg SMM								2.18%		1.18%		1.58%		1.64%
12 Months Avg SMM								2.18%		1.18%		1.58%		1.64%
Avg SMM Since Cut-off								2.18%		1.18%		1.58%		1.64%


CPR								30.81%		20.14%		25.85%		25.68%
3 Months Avg CPR								23.23%		13.25%		17.41%		18.04%
12 Months Avg CPR								23.23%		13.25%		17.41%		18.04%
Avg CPR Since Cut-off								23.23%		13.25%		17.41%		18.04%


PSA								3,744.74%		2,424.23%		3,120.29%		3,104.41%
3 Months Avg PSA Approximation								3,731.30%		2,098.88%		2,769.52%		2,875.01%
12 Months Avg PSA Approximation								3,731.30%		2,098.88%		2,769.52%		2,875.01%
Avg PSA Since Cut-off Approximation								3,731.30%		2,098.87%		2,769.52%		2,875.01%










Page 19 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

93954881 2			116,000.00		115,533.07			13-May-2005		8.100%		IL - 89.23%		Paid Off - 360		01-Dec-2004
			116,000.00

95519161 1			270,000.00		268,813.02			06-Jun-2005		6.700%		NJ - 94.74%		Paid Off - 360		01-Jan-2005
95519161 1					268,813.02			06-Jun-2005		6.700%		NJ - 94.74%		Paid Off - 360		01-Jan-2005
96490941 2			196,991.00		195,832.94			09-Jun-2005		6.150%		CA - 33.97%		Paid Off - 360		01-Dec-2004
96490941 2					195,832.94			09-Jun-2005		6.150%		CA - 33.97%		Paid Off - 360		01-Dec-2004
99092868 1			150,000.00		149,604.32			12-May-2005		9.600%		CA - 79.79%		Paid Off - 360		01-Jan-2005
99092868 1					149,604.32			12-May-2005		9.600%		CA - 79.79%		Paid Off - 360		01-Jan-2005
99600082 3			388,000.00		387,145.63			25-May-2005		10.100%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
99600082 3					387,145.63			25-May-2005		10.100%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
99883829 3			129,000.00		128,880.50			17-May-2005		11.700%		CO - 80.63%		Paid Off - 360		01-Mar-2005
99883829 3					128,880.50			17-May-2005		11.700%		CO - 80.63%		Paid Off - 360		01-Mar-2005
100342708 2			97,500.00		97,200.41			31-May-2005		8.500%		MO - 75.00%		Paid Off - 360		01-Jan-2005
100342708 2					97,200.41			31-May-2005		8.500%		MO - 75.00%		Paid Off - 360		01-Jan-2005
101012060 2			322,000.00		320,716.20			02-Jun-2005		7.200%		CA - 52.79%		Paid Off - 360		01-Jan-2005
101012060 2					320,716.20			02-Jun-2005		7.200%		CA - 52.79%		Paid Off - 360		01-Jan-2005
101904449 3			744,000.00		737,841.70			26-May-2005		6.250%		CA - 77.50%		Paid Off - 360		01-Mar-2005
101904449 3					737,841.70			26-May-2005		6.250%		CA - 77.50%		Paid Off - 360		01-Mar-2005
102437845 2			131,750.00		131,394.20			24-May-2005		6.550%		OR - 84.46%		Paid Off - 360		01-Mar-2005
102437845 2					131,394.20			24-May-2005		6.550%		OR - 84.46%		Paid Off - 360		01-Mar-2005
102783040 3			750,000.00		748,555.36			13-May-2005		8.250%		CA - 83.33%		Paid Off - 360		01-Mar-2005
102783040 3					748,555.36			13-May-2005		8.250%		CA - 83.33%		Paid Off - 360		01-Mar-2005
102838646 2			70,350.00		70,184.34			31-May-2005		7.250%		MN - 58.63%		Paid Off - 360		01-Mar-2005
102838646 2					70,184.34			31-May-2005		7.250%		MN - 58.63%		Paid Off - 360		01-Mar-2005
102874229 1			177,500.00		176,821.03			11-May-2005		6.250%		RI - 78.89%		Paid Off - 360		01-Feb-2005
102874229 1					176,821.03			11-May-2005		6.250%		RI - 78.89%		Paid Off - 360		01-Feb-2005
102912300 1			76,201.00		75,951.41			31-May-2005		7.050%		OH - 54.43%		Paid Off - 360		01-Feb-2005
102912300 1					75,951.41			31-May-2005		7.050%		OH - 54.43%		Paid Off - 360		01-Feb-2005
103054227 3			490,000.00		488,676.74			10-Jun-2005		6.550%		CA - 79.29%		Paid Off - 360		01-Mar-2005
103054227 3					488,676.74			10-Jun-2005		6.550%		CA - 79.29%		Paid Off - 360		01-Mar-2005
103226320 1			266,250.00		265,843.11			25-May-2005		10.750%		IL - 75.00%		Paid Off - 360		01-Feb-2005
103226320 1					265,843.11			25-May-2005		10.750%		IL - 75.00%		Paid Off - 360		01-Feb-2005
103559860 1			92,000.00		91,765.27			12-May-2005		8.300%		OH - 72.44%		Paid Off - 360		01-Feb-2005
103559860 1					91,765.27			12-May-2005		8.300%		OH - 72.44%		Paid Off - 360		01-Feb-2005
103653085 1			233,750.00		233,118.74			01-Jun-2005		6.550%		NJ - 85.00%		Paid Off - 360		01-Mar-2005
103653085 1					233,118.74			01-Jun-2005		6.550%		NJ - 85.00%		Paid Off - 360		01-Mar-2005
103732269 3			650,000.00		648,045.29			18-May-2005		5.990%		HI - 86.67%		Paid Off - 360		01-Mar-2005
103732269 3					648,045.29			18-May-2005		5.990%		HI - 86.67%		Paid Off - 360		01-Mar-2005
103813481 2			292,500.00		291,996.65			01-Jun-2005		8.800%		IL - 90.00%		Paid Off - 360		01-Mar-2005
103813481 2					291,996.65			01-Jun-2005		8.800%		IL - 90.00%		Paid Off - 360		01-Mar-2005
103826509 2			237,000.00		236,504.97			12-May-2005		7.850%		MD - 87.45%		Paid Off - 360		01-Mar-2005
103826509 2					236,504.97			12-May-2005		7.850%		MD - 87.45%		Paid Off - 360		01-Mar-2005
103886420 1			288,000.00		287,404.49			31-May-2005		7.900%		CA - 90.00%		Paid Off - 360		01-Mar-2005
103886420 1					287,404.49			31-May-2005		7.900%		CA - 90.00%		Paid Off - 360		01-Mar-2005
103930327 1			327,000.00		326,401.48			20-May-2005		8.500%		CA - 79.76%		Paid Off - 360		01-Mar-2005
103930327 1					326,401.48			20-May-2005		8.500%		CA - 79.76%		Paid Off - 360		01-Mar-2005
103967121 3			378,000.00		376,687.14			25-May-2005		6.750%		CA - 82.17%		Paid Off - 360		01-Feb-2005
103967121 3					376,687.14			25-May-2005		6.750%		CA - 82.17%		Paid Off - 360		01-Feb-2005
104169529 2			116,000.00		115,674.14			07-Jun-2005		6.350%		HI - 80.00%		Paid Off - 360		01-Mar-2005
104169529 2					115,674.14			07-Jun-2005		6.350%		HI - 80.00%		Paid Off - 360		01-Mar-2005
104188081 2			60,000.00		59,440.98			03-Jun-2005		7.250%		MO - 80.00%		Paid Off - 180		01-Mar-2005
104188081 2					59,440.98			03-Jun-2005		7.250%		MO - 80.00%		Paid Off - 180		01-Mar-2005
104355680 3			64,000.00		63,886.53			31-May-2005		9.550%		FL - 49.61%		Paid Off - 360		01-Mar-2005
104355680 3					63,886.53			31-May-2005		9.550%		FL - 49.61%		Paid Off - 360		01-Mar-2005
104373105 3			580,500.00		579,404.41			07-Jun-2005		8.350%		CA - 90.00%		Paid Off - 360		01-Mar-2005
104373105 3					579,404.41			07-Jun-2005		8.350%		CA - 90.00%		Paid Off - 360		01-Mar-2005
104634142 2			111,000.00		110,816.34			11-May-2005		8.990%		WA - 75.00%		Paid Off - 360		01-Mar-2005
104634142 2					110,816.34			11-May-2005		8.990%		WA - 75.00%		Paid Off - 360		01-Mar-2005
104677307 1			250,000.00		249,344.25			31-May-2005		6.700%		MA - 72.46%		Paid Off - 360		01-Mar-2005
104677307 1					249,344.25			31-May-2005		6.700%		MA - 72.46%		Paid Off - 360		01-Mar-2005
104776349 1			60,000.00		59,935.06			09-Jun-2005		10.990%		TX - 58.25%		Paid Off - 360		01-Mar-2005
104776349 1					59,935.06			09-Jun-2005		10.990%		TX - 58.25%		Paid Off - 360		01-Mar-2005
104831581 1			139,000.00		138,691.65			11-May-2005		7.550%		WI - 86.34%		Paid Off - 360		01-Mar-2005
104831581 1					138,691.65			11-May-2005		7.550%		WI - 86.34%		Paid Off - 360		01-Mar-2005
104972765 3			383,000.00		382,014.79			25-May-2005		6.800%		NV - 79.30%		Paid Off - 360		01-Mar-2005
104972765 3					382,014.79			25-May-2005		6.800%		NV - 79.30%		Paid Off - 360		01-Mar-2005
105006621 1			169,000.00		168,709.17			02-Jun-2005		8.800%		CO - 86.67%		Paid Off - 360		01-Mar-2005
105006621 1					168,709.17			02-Jun-2005		8.800%		CO - 86.67%		Paid Off - 360		01-Mar-2005
105031942 1			229,400.00		228,875.71			26-May-2005		7.400%		NH - 77.50%		Paid Off - 360		01-Mar-2005
105031942 1					228,875.71			26-May-2005		7.400%		NH - 77.50%		Paid Off - 360		01-Mar-2005
105067847 3			197,100.00		196,640.48			26-May-2005		7.300%		MD - 90.00%		Paid Off - 360		01-Mar-2005
105067847 3					196,640.48			26-May-2005		7.300%		MD - 90.00%		Paid Off - 360		01-Mar-2005
105072508 1			279,000.00		278,323.35			24-May-2005		7.100%		ME - 90.00%		Paid Off - 360		01-Mar-2005
105072508 1					278,323.35					7.100%		ME - 90.00%		Paid Off - 360



Page 21 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

105073886 1			171,000.00		170,696.48			18-May-2005		8.650%		MD - 90.00%		Paid Off - 360		01-Mar-2005
			171,000.00

105083927 2			232,000.00		231,628.72			07-Jun-2005		9.150%		MN - 80.00%		Paid Off - 360		01-Mar-2005
105083927 2					231,628.72			07-Jun-2005		9.150%		MN - 80.00%		Paid Off - 360		01-Mar-2005
105102008 1			217,000.00		216,567.91			01-Jun-2005		8.100%		OK - 64.97%		Paid Off - 360		01-Mar-2005
105102008 1					216,567.91			01-Jun-2005		8.100%		OK - 64.97%		Paid Off - 360		01-Mar-2005
105103089 2			191,250.00		190,933.58			17-May-2005		8.990%		FL - 75.00%		Paid Off - 360		01-Mar-2005
105103089 2					190,933.58			17-May-2005		8.990%		FL - 75.00%		Paid Off - 360		01-Mar-2005
105107007 2			256,500.00		255,995.78			02-Jun-2005		8.150%		MN - 90.00%		Paid Off - 360		01-Mar-2005
105107007 2					255,995.78			02-Jun-2005		8.150%		MN - 90.00%		Paid Off - 360		01-Mar-2005
105135065 2			97,500.00		97,374.95			01-Jun-2005		10.200%		IL - 75.00%		Paid Off - 360		01-Mar-2005
105135065 2					97,374.95			01-Jun-2005		10.200%		IL - 75.00%		Paid Off - 360		01-Mar-2005
105140024 3			499,999.00		498,798.27			12-May-2005		7.150%		CA - 73.53%		Paid Off - 360		01-Mar-2005
105140024 3					498,798.27			12-May-2005		7.150%		CA - 73.53%		Paid Off - 360		01-Mar-2005
105151468 1			348,495.00		347,356.11			18-May-2005		5.550%		MA - 85.00%		Paid Off - 360		01-Mar-2005
105151468 1					347,356.11			18-May-2005		5.550%		MA - 85.00%		Paid Off - 360		01-Mar-2005
105200380 2			75,000.00		74,888.42			26-May-2005		9.500%		FL - 60.00%		Paid Off - 360		01-Mar-2005
105200380 2					74,888.42			26-May-2005		9.500%		FL - 60.00%		Paid Off - 360		01-Mar-2005
105220081 3			425,225.00		424,345.75			10-Jun-2005		7.900%		CA - 60.75%		Paid Off - 360		01-Mar-2005
105220081 3					424,345.75			10-Jun-2005		7.900%		CA - 60.75%		Paid Off - 360		01-Mar-2005
105223168 1			72,000.00		71,903.44			17-May-2005		9.990%		AL - 80.00%		Paid Off - 360		01-Mar-2005
105223168 1					71,903.44			17-May-2005		9.990%		AL - 80.00%		Paid Off - 360		01-Mar-2005
105298541 3			405,000.00		404,050.15			02-Jun-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Mar-2005
105298541 3					404,050.15			02-Jun-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Mar-2005
105337380 1			255,000.00		254,493.62			13-May-2005		8.100%		NJ - 70.83%		Paid Off - 360		01-Mar-2005
105337380 1					254,493.62			13-May-2005		8.100%		NJ - 70.83%		Paid Off - 360		01-Mar-2005
105342489 2			273,000.00		272,445.65			08-Jun-2005		7.990%		NY - 71.84%		Paid Off - 360		01-Mar-2005
105342489 2					272,445.65			08-Jun-2005		7.990%		NY - 71.84%		Paid Off - 360		01-Mar-2005
105403745 1			268,400.00		267,827.99			16-May-2005		7.750%		WI - 88.00%		Paid Off - 360		01-Mar-2005
105403745 1					267,827.99			16-May-2005		7.750%		WI - 88.00%		Paid Off - 360		01-Mar-2005
105407944 2			78,750.00		78,634.09			13-May-2005		9.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005
105407944 2					78,634.09			13-May-2005		9.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005
105439004 3			386,750.00		385,764.83			26-May-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Mar-2005
105439004 3					385,764.83			26-May-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Mar-2005
105463962 1			118,800.00		118,146.40			16-May-2005		7.500%		WI - 90.00%		Paid Off - 240		01-Mar-2005
105463962 1					118,146.40			16-May-2005		7.500%		WI - 90.00%		Paid Off - 240		01-Mar-2005
105473102 1			61,200.00		61,124.77			02-Jun-2005		10.400%		IL - 60.00%		Paid Off - 360		01-Mar-2005
105473102 1					61,124.77			02-Jun-2005		10.400%		IL - 60.00%		Paid Off - 360		01-Mar-2005
105551261 1			60,200.00		59,626.39			23-May-2005		6.990%		FL - 48.16%		Paid Off - 180		01-Mar-2005
105551261 1					59,626.39			23-May-2005		6.990%		FL - 48.16%		Paid Off - 180		01-Mar-2005
105576169 1			185,000.00		183,424.24			01-Jun-2005		7.800%		MD - 64.24%		Paid Off - 360		01-Mar-2005
105576169 1					183,424.24			01-Jun-2005		7.800%		MD - 64.24%		Paid Off - 360		01-Mar-2005
105610547 2			199,750.00		199,210.55			#######		6.550%		RI - 85.00%		Paid Off - 360		01-Mar-2005
105610547 2					199,210.55					6.550%		RI - 85.00%		Paid Off - 360		01-Mar-2005
105619621 1			277,000.00		276,366.91			16-May-2005		7.400%		CA - 61.56%		Paid Off - 360		01-Mar-2005
105619621 1					276,366.91			16-May-2005		7.400%		CA - 61.56%		Paid Off - 360		01-Mar-2005
105683148 1			233,500.00		232,843.56			23-May-2005		6.350%		CA - 77.83%		Paid Off - 360		01-Mar-2005
105683148 1					232,843.56			23-May-2005		6.350%		CA - 77.83%		Paid Off - 360		01-Mar-2005
105777569 2			120,642.00		120,384.89			01-Jun-2005		7.750%		FL - 83.20%		Paid Off - 360		01-Mar-2005
105777569 2					120,384.89			01-Jun-2005		7.750%		FL - 83.20%		Paid Off - 360		01-Mar-2005
105854103 3			350,000.00		349,289.32			26-May-2005		7.990%		NY - 66.67%		Paid Off - 360		01-Mar-2005
105854103 3					349,289.32			26-May-2005		7.990%		NY - 66.67%		Paid Off - 360		01-Mar-2005
105881502 1			202,500.00		202,259.04			25-May-2005		10.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005
105881502 1					202,259.04			25-May-2005		10.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005
105907349 3			87,300.00		86,796.98			01-Jun-2005		9.990%		IL - 90.00%		Paid Off - 360		01-Mar-2005
105907349 3					86,796.98			01-Jun-2005		9.990%		IL - 90.00%		Paid Off - 360		01-Mar-2005
105914048 1			176,250.00		176,038.03			24-May-2005		10.500%		IL - 75.00%		Paid Off - 360		01-Mar-2005
105914048 1					176,038.03			24-May-2005		10.500%		IL - 75.00%		Paid Off - 360		01-Mar-2005
105936207 1			296,000.00		295,238.60			12-May-2005		6.800%		CA - 78.77%		Paid Off - 360		01-Mar-2005
105936207 1					295,238.60			12-May-2005		6.800%		CA - 78.77%		Paid Off - 360		01-Mar-2005
105954663 1			227,000.00		226,549.22			19-May-2005		8.100%		IL - 87.98%		Paid Off - 360		01-Mar-2005
105954663 1					226,549.22			19-May-2005		8.100%		IL - 87.98%		Paid Off - 360		01-Mar-2005
105965909 2			172,000.00		171,678.66			09-Jun-2005		8.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
105965909 2					171,678.66			09-Jun-2005		8.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
105997480 3			540,000.00		538,348.09			26-May-2005		5.900%		CA - 84.38%		Paid Off - 360		01-Mar-2005
105997480 3					538,348.09			26-May-2005		5.900%		CA - 84.38%		Paid Off - 360		01-Mar-2005
106012503 2			323,000.00		322,318.52			26-May-2005		7.800%		NY - 80.75%		Paid Off - 360		01-Mar-2005
106012503 2					322,318.52			26-May-2005		7.800%		NY - 80.75%		Paid Off - 360		01-Mar-2005
106029127 2			117,000.00		116,781.39			03-Jun-2005		8.400%		GA - 75.48%		Paid Off - 360		01-Mar-2005
106029127 2					116,781.39			03-Jun-2005		8.400%		GA - 75.48%		Paid Off - 360		01-Mar-2005
106049927 2			249,400.00		248,884.29			03-Jun-2005		7.900%		FL - 71.26%		Paid Off - 360		01-Mar-2005
106049927 2					248,884.29			03-Jun-2005		7.900%		FL - 71.26%		Paid Off - 360		01-Mar-2005
106058605 3			102,000.00		101,911.37			06-Jun-2005		11.990%		FL - 85.00%		Paid Off - 360		01-Mar-2005
106058605 3					101,911.37			06-Jun-2005		11.990%		FL - 85.00%		Paid Off - 360		01-Mar-2005
106073760 1			205,000.00		204,512.53			08-Jun-2005		7.200%		MD - 78.85%		Paid Off - 360		01-Mar-2005
106073760 1					204,512.53					7.200%		MD - 78.85%		Paid Off - 360



Page 22 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

106115348 3			587,520.00		586,444.33			02-Jun-2005		8.500%		FL - 89.70%		Paid Off - 360		01-Mar-2005
			587,520.00

106132640 1			201,400.00		201,097.29			13-May-2005		9.450%		HI - 63.94%		Paid Off - 360		01-Mar-2005
106132640 1					201,097.29			13-May-2005		9.450%		HI - 63.94%		Paid Off - 360		01-Mar-2005
106165467 1			181,000.00		180,586.33			01-Jun-2005		7.400%		MD - 80.44%		Paid Off - 360		01-Mar-2005
106165467 1					180,586.33			01-Jun-2005		7.400%		MD - 80.44%		Paid Off - 360		01-Mar-2005
106212780 2			166,000.00		165,631.78			10-Jun-2005		7.550%		CA - 89.73%		Paid Off - 360		01-Mar-2005
106212780 2					165,631.78			10-Jun-2005		7.550%		CA - 89.73%		Paid Off - 360		01-Mar-2005
106257389 3			398,000.00		396,956.06			25-May-2005		6.700%		CA - 82.57%		Paid Off - 360		01-Mar-2005
106257389 3					396,956.06			25-May-2005		6.700%		CA - 82.57%		Paid Off - 360		01-Mar-2005
106271869 1			273,850.00		273,293.93			23-May-2005		7.990%		NV - 79.38%		Paid Off - 360		01-Mar-2005
106271869 1					273,293.93			23-May-2005		7.990%		NV - 79.38%		Paid Off - 360		01-Mar-2005
106285729 3			145,000.00		144,690.96			20-May-2005		7.750%		IL - 61.70%		Paid Off - 360		01-Mar-2005
106285729 3					144,690.96			20-May-2005		7.750%		IL - 61.70%		Paid Off - 360		01-Mar-2005
106409949 3			495,000.00		494,036.78			11-May-2005		8.200%		MD - 90.00%		Paid Off - 360		01-Mar-2005
106409949 3					494,036.78			11-May-2005		8.200%		MD - 90.00%		Paid Off - 360		01-Mar-2005
106429061 3			247,500.00		247,040.62			09-Jun-2005		8.450%		CA - 75.00%		Paid Off - 360		01-Mar-2005
106429061 3					247,040.62			09-Jun-2005		8.450%		CA - 75.00%		Paid Off - 360		01-Mar-2005
106452824 1			198,000.00		197,560.77			17-May-2005		7.550%		NV - 86.09%		Paid Off - 360		01-Mar-2005
106452824 1					197,560.77			17-May-2005		7.550%		NV - 86.09%		Paid Off - 360		01-Mar-2005
106456106 2			253,800.00		252,906.11			10-Jun-2005		8.200%		FL - 73.57%		Paid Off - 360		01-Mar-2005
106456106 2					252,906.11			10-Jun-2005		8.200%		FL - 73.57%		Paid Off - 360		01-Mar-2005
106641707 3			579,999.00		578,893.12			17-May-2005		8.300%		NH - 80.00%		Paid Off - 360		01-Mar-2005
106641707 3					578,893.12			17-May-2005		8.300%		NH - 80.00%		Paid Off - 360		01-Mar-2005
106645344 2			141,500.00		141,182.99			24-May-2005		7.500%		NJ - 54.42%		Paid Off - 360		01-Mar-2005
106645344 2					141,182.99			24-May-2005		7.500%		NJ - 54.42%		Paid Off - 360		01-Mar-2005
106654809 3			315,000.00		314,342.07			26-May-2005		7.850%		HI - 90.00%		Paid Off - 360		01-Mar-2005
106654809 3					314,342.07			26-May-2005		7.850%		HI - 90.00%		Paid Off - 360		01-Mar-2005
106743586 2			210,000.00		209,709.03			26-May-2005		9.850%		CA - 74.73%		Paid Off - 360		01-Mar-2005
106743586 2					209,709.03			26-May-2005		9.850%		CA - 74.73%		Paid Off - 360		01-Mar-2005
106762081 2			147,200.00		146,870.20			23-May-2005		7.500%		WI - 80.00%		Paid Off - 360		01-Mar-2005
106762081 2					146,870.20			23-May-2005		7.500%		WI - 80.00%		Paid Off - 360		01-Mar-2005
106765464 1			296,000.00		295,119.97			12-May-2005		6.050%		NY - 82.22%		Paid Off - 360		01-Mar-2005
106765464 1					295,119.97			12-May-2005		6.050%		NY - 82.22%		Paid Off - 360		01-Mar-2005
106793987 1			276,000.00		275,261.55			16-May-2005		6.600%		CA - 75.62%		Paid Off - 360		01-Mar-2005
106793987 1					275,261.55			16-May-2005		6.600%		CA - 75.62%		Paid Off - 360		01-Mar-2005
106843469 2			120,000.00		119,766.48			19-May-2005		8.200%		RI - 61.54%		Paid Off - 360		01-Mar-2005
106843469 2					119,766.48			19-May-2005		8.200%		RI - 61.54%		Paid Off - 360		01-Mar-2005
106915986 1			202,500.00		202,198.82			26-May-2005		9.500%		CA - 75.00%		Paid Off - 360		01-Mar-2005
106915986 1					202,198.82			26-May-2005		9.500%		CA - 75.00%		Paid Off - 360		01-Mar-2005
106930407 2			155,000.00		154,738.73			10-Jun-2005		8.900%		NJ - 62.00%		Paid Off - 360		01-Mar-2005
106930407 2					154,738.73			10-Jun-2005		8.900%		NJ - 62.00%		Paid Off - 360		01-Mar-2005
106944002 1			225,000.00		224,470.24			20-May-2005		7.250%		MD - 77.59%		Paid Off - 360		01-Mar-2005
106944002 1					224,470.24			20-May-2005		7.250%		MD - 77.59%		Paid Off - 360		01-Mar-2005
106968365 2			165,750.00		165,473.48			24-May-2005		8.950%		CO - 65.00%		Paid Off - 360		01-Mar-2005
106968365 2					165,473.48			24-May-2005		8.950%		CO - 65.00%		Paid Off - 360		01-Mar-2005
106972607 1			279,000.00		278,209.29			03-Jun-2005		6.300%		NY - 74.40%		Paid Off - 360		01-Mar-2005
106972607 1					278,209.29			03-Jun-2005		6.300%		NY - 74.40%		Paid Off - 360		01-Mar-2005
107135063 3			122,400.00		121,692.75			02-Jun-2005		7.500%		MI - 80.00%		Paid Off - 360		01-Mar-2005
107135063 3					121,692.75			02-Jun-2005		7.500%		MI - 80.00%		Paid Off - 360		01-Mar-2005
107143844 3			117,000.00		116,880.37			23-May-2005		11.250%		FL - 90.00%		Paid Off - 360		01-Mar-2005
107143844 3					116,880.37			23-May-2005		11.250%		FL - 90.00%		Paid Off - 360		01-Mar-2005
107147829 2			221,000.00		220,397.35			07-Jun-2005		6.500%		MD - 80.36%		Paid Off - 360		01-Mar-2005
107147829 2					220,397.35			07-Jun-2005		6.500%		MD - 80.36%		Paid Off - 360		01-Mar-2005
107190027 1			242,000.00		241,377.50			27-May-2005		6.800%		CA - 62.05%		Paid Off - 360		01-Mar-2005
107190027 1					241,377.50			27-May-2005		6.800%		CA - 62.05%		Paid Off - 360		01-Mar-2005
107290405 3			160,000.00		159,716.00			20-May-2005		8.650%		CA - 64.00%		Paid Off - 360		01-Mar-2005
107290405 3					159,716.00			20-May-2005		8.650%		CA - 64.00%		Paid Off - 360		01-Mar-2005
107291767 2			332,000.00		331,137.62			02-Jun-2005		6.750%		NY - 71.40%		Paid Off - 360		01-Mar-2005
107291767 2					331,137.62			02-Jun-2005		6.750%		NY - 71.40%		Paid Off - 360		01-Mar-2005
107328163 3			272,000.00		271,447.69			07-Jun-2005		7.990%		MD - 86.90%		Paid Off - 360		01-Mar-2005
107328163 3					271,447.69			07-Jun-2005		7.990%		MD - 86.90%		Paid Off - 360		01-Mar-2005
107358442 2			244,200.00		243,766.58			07-Jun-2005		8.650%		CA - 84.21%		Paid Off - 360		01-Mar-2005
107358442 2					243,766.58			07-Jun-2005		8.650%		CA - 84.21%		Paid Off - 360		01-Mar-2005
107395261 1			297,000.00		296,038.47			18-May-2005		5.600%		MA - 90.00%		Paid Off - 360		01-Mar-2005
107395261 1					296,038.47			18-May-2005		5.600%		MA - 90.00%		Paid Off - 360		01-Mar-2005
107466781 1			238,500.00		238,218.81			31-May-2005		8.650%		GA - 68.14%		Paid Off - 360		01-Apr-2005
107466781 1					238,218.81			31-May-2005		8.650%		GA - 68.14%		Paid Off - 360		01-Apr-2005
107557928 2			347,500.00		346,750.45			18-May-2005		7.690%		WI - 81.77%		Paid Off - 360		01-Mar-2005
107557928 2					346,750.45			18-May-2005		7.690%		WI - 81.77%		Paid Off - 360		01-Mar-2005
107690406 1			153,000.00		151,499.00			23-May-2005		6.650%		MD - 80.53%		Paid Off - 180		01-Mar-2005
107690406 1					151,499.00			23-May-2005		6.650%		MD - 80.53%		Paid Off - 180		01-Mar-2005
107759680 2			114,100.00		113,846.89			11-May-2005		7.550%		ME - 66.34%		Paid Off - 360		01-Mar-2005
107759680 2					113,846.89			11-May-2005		7.550%		ME - 66.34%		Paid Off - 360		01-Mar-2005
107877045 3			189,900.00		189,636.42			11-May-2005		7.850%		MN - 90.00%		Paid Off - 360		01-Apr-2005
107877045 3					189,636.42					7.850%		MN - 90.00%		Paid Off - 360



Page 23 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

107917361 2			240,000.00		239,556.19			27-May-2005		8.450%		NJ - 73.85%		Paid Off - 360		01-Mar-2005
			240,000.00

107942260 1			103,000.00		102,708.94			31-May-2005		8.200%		FL - 58.86%		Paid Off - 360		01-Mar-2005
107942260 1					102,708.94			31-May-2005		8.200%		FL - 58.86%		Paid Off - 360		01-Mar-2005
107968109 1			60,000.00		59,896.74			11-May-2005		8.800%		PA - 60.00%		Paid Off - 360		01-Mar-2005
107968109 1					59,896.74			11-May-2005		8.800%		PA - 60.00%		Paid Off - 360		01-Mar-2005
109184309 3			480,000.00		479,209.24			01-Jun-2005		6.990%		IL - 87.91%		Paid Off - 360		01-Apr-2005
109184309 3					479,209.24			01-Jun-2005		6.990%		IL - 87.91%		Paid Off - 360		01-Apr-2005
109928960 2			200,000.00		199,702.21			01-Jun-2005		7.500%		WI - 87.34%		Paid Off - 360		01-Apr-2005
109928960 2					199,702.21			01-Jun-2005		7.500%		WI - 87.34%		Paid Off - 360		01-Apr-2005


TOTAL			28,461,822.00		28,388,074.51
TOTAL


Page 24 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current
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
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 25 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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 26 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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 27 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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




TOTAL



Page 28 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
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								2,365,998.57
						Ending Balance								1,138,976,737.76
						Delinquency Percentage								0.207730%

						Certificate Balances of Mezzanine and C Classes								232,200,005.67
						Credit Enhancement Percentage								20.386721%
						Credit Enhancement Percentage - Prior Month								19.872252%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



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




Page 29 of 30
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R2

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							3.63%			$0.00		$0.00
										3.63%			$0.00		$0.00
			A-1B							3.60%			$0.00		$0.00
										3.60%			$0.00		$0.00
			A-2A							3.56%			$0.00		$0.00
										3.56%			$0.00		$0.00
			A-2B							3.61%			$0.00		$0.00
										3.61%			$0.00		$0.00
			A-3A							3.41%			$0.00		$0.00
										3.41%			$0.00		$0.00
			A-3B							3.51%			$0.00		$0.00
										3.51%			$0.00		$0.00
			A-3C							3.65%			$0.00		$0.00
										3.65%			$0.00		$0.00
			A-3D							3.61%			$0.00		$0.00
										3.61%			$0.00		$0.00
			M-1							3.76%			$0.00		$0.00
										3.76%			$0.00		$0.00
			M-2							3.79%			$0.00		$0.00
										3.79%			$0.00		$0.00
			M-3							3.83%			$0.00		$0.00
										3.83%			$0.00		$0.00
			M-4							4.01%			$0.00		$0.00
										4.01%			$0.00		$0.00
			M-5							4.04%			$0.00		$0.00
										4.04%			$0.00		$0.00
			M-6							4.09%			$0.00		$0.00
										4.09%			$0.00		$0.00
			M-7							4.58%			$0.00		$0.00
										4.58%			$0.00		$0.00
			M-8							4.66%			$0.00		$0.00
										4.66%			$0.00		$0.00
			M-9							5.31%			$0.00		$0.00
										5.31%			$0.00		$0.00
			M-10							5.81%			$0.00		$0.00
										5.81%			$0.00		$0.00
			M-11							5.81%			$0.00		$0.00
										5.81%			$0.00		$0.00
			CE							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			P							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			R							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			R-II							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00






Page 30 of 30

ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2005-R2 8-K