

                                       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): July 25, 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
     July 25, 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:  Jul 26, 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 July 25, 2005.



Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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					19
										9. Prepayment Detail Report					22

										10. Realized Loss Report					29
										11. Realized Loss Detail Report					32
				Servicer(s)
										12. Triggers and Adj. Cert. Report					33
				Ameriquest Mtg Sec Inc
										13. Additional Certificate Report					34



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

										Total Number of Pages					34
				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:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005
										Main Phone Number:			(714) 247-6000

							July 22, 2005


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






Page 1 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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		258,762,645.87		728,435.82		13,771,245.93		14,499,681.75		0.00		0.00		244,991,399.94

A-1B	SR	$	71,545,000.00		64,691,113.56		181,858.65		3,442,835.54		3,624,694.19		0.00		0.00		61,248,278.02
A-2A	SR	$	325,221,000.00		293,982,203.43		815,005.56		11,718,250.95		12,533,256.51		0.00		0.00		282,263,952.48
A-2B	SR	$	81,306,000.00		73,496,228.82		206,611.46		2,929,589.76		3,136,201.22		0.00		0.00		70,566,639.06
A-3A	SR	$	188,640,000.00		132,220,965.85		351,129.82		19,959,823.88		20,310,953.70		0.00		0.00		112,261,141.97
A-3B	SR	$	188,210,000.00		188,210,000.00		515,918.32		0.00		515,918.32		0.00		0.00		188,210,000.00
A-3C	SR	$	35,575,000.00		35,575,000.00		101,391.36		0.00		101,391.36		0.00		0.00		35,575,000.00
A-3D	SR	$	45,825,000.00		39,556,218.42		111,507.49		2,217,758.21		2,329,265.70		0.00		0.00		37,338,460.21
M-1	MEZ	$	80,250,000.00		80,250,000.00		234,960.05		0.00		234,960.05		0.00		0.00		80,250,000.00
M-2	MEZ	$	22,500,000.00		22,500,000.00		66,401.65		0.00		66,401.65		0.00		0.00		22,500,000.00
M-3	MEZ	$	34,500,000.00		34,500,000.00		103,157.53		0.00		103,157.53		0.00		0.00		34,500,000.00
M-4	MEZ	$	24,000,000.00		24,000,000.00		75,681.76		0.00		75,681.76		0.00		0.00		24,000,000.00
M-5	MEZ	$	15,000,000.00		15,000,000.00		47,767.77		0.00		47,767.77		0.00		0.00		15,000,000.00
M-6	MEZ	$	23,250,000.00		23,250,000.00		78,018.37		0.00		78,018.37		0.00		0.00		23,250,000.00
M-7	MEZ	$	13,500,000.00		13,500,000.00		48,975.99		0.00		48,975.99		0.00		0.00		13,500,000.00
M-8	MEZ	$	18,000,000.00		18,000,000.00		70,901.32		0.00		70,901.32		0.00		0.00		18,000,000.00
M-9	MEZ	$	20,250,000.00		20,250,000.00		95,513.99		0.00		95,513.99		0.00		0.00		20,250,000.00
M-10	MEZ	$	11,250,000.00		11,250,000.00		53,063.33		0.00		53,063.33		0.00		0.00		11,250,000.00
CE	SUB	$	15,000,529.77		15,000,006.30		4,205,690.67		0.00		4,205,690.67		0.00		0.00		15,000,006.30
P	SUB	$	100.00		100.00		633,995.42		0.00		633,995.42		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		1,363,994,482.25		8,725,986.33		54,039,504.27		62,765,490.60		0.00		0.00		1,309,954,977.98






Page 2 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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	06/27/05		07/24/05		A-Act/360		03072SXQ3		286,178,000.00		904.201741		2.545394		48.121260		50.666654	856.080481
A-1B	06/27/05		07/24/05		A-Act/360		03072SXR1		71,545,000.00		904.201741		2.541878		48.121260		50.663138	856.080481
A-2A	06/27/05		07/24/05		A-Act/360		03072SXS9		325,221,000.00		903.945943		2.506005		36.031655		38.537661	867.914287
A-2B	06/27/05		07/24/05		A-Act/360		03072SXT7		81,306,000.00		903.945943		2.541159		36.031655		38.572814	867.914288
A-3A	06/27/05		07/24/05		A-Act/360		03072SXU4		188,640,000.00		700.916910		1.861375		105.809075		107.670450	595.107835
A-3B	06/27/05		07/24/05		A-Act/360		03072SXV2		188,210,000.00		1,000.000000		2.741184		0.000000		2.741184	1,000.000000
A-3C	06/27/05		07/24/05		A-Act/360		03072SXW0		35,575,000.00		1,000.000000		2.850073		0.000000		2.850073	1,000.000000
A-3D	06/27/05		07/24/05		A-Act/360		03072SXX8		45,825,000.00		863.201711		2.433333		48.396251		50.829584	814.805460
M-1	06/27/05		07/24/05		A-Act/360		03072SXY6		80,250,000.00		1,000.000000		2.927851		0.000000		2.927851	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		03072SXZ3		22,500,000.00		1,000.000000		2.951184		0.000000		2.951184	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		03072SYA7		34,500,000.00		1,000.000000		2.990073		0.000000		2.990073	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		03072SYB5		24,000,000.00		1,000.000000		3.153407		0.000000		3.153407	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		03072SYC3		15,000,000.00		1,000.000000		3.184518		0.000000		3.184518	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		03072SYD1		23,250,000.00		1,000.000000		3.355629		0.000000		3.355629	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		03072SYE9		13,500,000.00		1,000.000000		3.627851		0.000000		3.627851	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		03072SYF6		18,000,000.00		1,000.000000		3.938962		0.000000		3.938962	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		03072SYG4		20,250,000.00		1,000.000000		4.716740		0.000000		4.716740	1,000.000000
M-10	06/27/05		07/24/05		A-Act/360		03072SYH2		11,250,000.00		1,000.000000		4.716740		0.000000		4.716740	1,000.000000
CE	06/01/05		06/30/05		F-30/360				1,515,001,159.54		9.900987		2.776031		0.000000		2.776031	9.900987
P	06/01/05		06/30/05		F-30/360				100.00		1,000.000000		6,339,954.200000		0.000000		6,339,954.200000	1,000.000000
R	06/01/05		06/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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		3,796,924.66		39,799,003.74		1,387,596.32		41,186,600.06		44,983,524.72		0.00		0.00		244,991,399.94
A-1B	71,545,000.00		947,785.86		9,949,820.47		346,901.51		10,296,721.98		11,244,507.84		0.00		0.00		61,248,278.02
A-2A	325,221,000.00		4,239,018.27		41,352,189.67		1,604,857.85		42,957,047.52		47,196,065.79		0.00		0.00		282,263,952.48
A-2B	81,306,000.00		1,076,252.48		10,338,142.78		401,218.16		10,739,360.94		11,815,613.42		0.00		0.00		70,566,639.06
A-3A	188,640,000.00		2,115,063.29		74,478,605.63		1,900,252.40		76,378,858.03		78,493,921.32		0.00		0.00		112,261,141.97
A-3B	188,210,000.00		2,528,413.34		0.00		0.00		0.00		2,528,413.34		0.00		0.00		188,210,000.00
A-3C	35,575,000.00		498,943.37		0.00		0.00		0.00		498,943.37		0.00		0.00		35,575,000.00
A-3D	45,825,000.00		595,753.06		8,275,400.63		211,139.16		8,486,539.79		9,082,292.85		0.00		0.00		37,338,460.21
M-1	80,250,000.00		1,159,398.59		0.00		0.00		0.00		1,159,398.59		0.00		0.00		80,250,000.00
M-2	22,500,000.00		327,915.03		0.00		0.00		0.00		327,915.03		0.00		0.00		22,500,000.00
M-3	34,500,000.00		510,086.38		0.00		0.00		0.00		510,086.38		0.00		0.00		34,500,000.00
M-4	24,000,000.00		376,122.69		0.00		0.00		0.00		376,122.69		0.00		0.00		24,000,000.00
M-5	15,000,000.00		237,610.02		0.00		0.00		0.00		237,610.02		0.00		0.00		15,000,000.00
M-6	23,250,000.00		389,892.20		0.00		0.00		0.00		389,892.20		0.00		0.00		23,250,000.00
M-7	13,500,000.00		246,339.02		0.00		0.00		0.00		246,339.02		0.00		0.00		13,500,000.00
M-8	18,000,000.00		358,852.02		0.00		0.00		0.00		358,852.02		0.00		0.00		18,000,000.00
M-9	20,250,000.00		489,208.53		0.00		0.00		0.00		489,208.53		0.00		0.00		20,250,000.00
M-10	11,250,000.00		271,782.52		0.00		0.00		0.00		271,782.52		0.00		0.00		11,250,000.00
CE	15,000,529.77		22,725,769.62		0.00		0.00		523.47		22,726,293.09		0.00		0.00		15,000,006.30
P	100.00		2,064,052.18		0.00		0.00		0.00		2,064,052.18		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		44,955,183.13		184,193,162.92		5,851,965.40		190,045,651.79		235,000,834.92		0.00		0.00		1,309,954,977.98



Page 4 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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	3.61938%		258,762,645.87		728,435.82		0.00		0.00		0.00		728,435.82		728,435.82		0.00
A-1B	3.61438%		64,691,113.56		181,858.65		0.00		0.00		0.00		181,858.65		181,858.65		0.00
A-2A	3.56438%		293,982,203.43		815,005.56		0.00		0.00		0.00		815,005.56		815,005.56		0.00
A-2B	3.61438%		73,496,228.82		206,611.46		0.00		0.00		0.00		206,611.46		206,611.46		0.00
A-3A	3.41438%		132,220,965.85		351,129.82		0.00		0.00		0.00		351,129.82		351,129.82		0.00
A-3B	3.52438%		188,210,000.00		515,918.32		0.00		0.00		0.00		515,918.32		515,918.32		0.00
A-3C	3.66438%		35,575,000.00		101,391.36		0.00		0.00		0.00		101,391.36		101,391.36		0.00
A-3D	3.62438%		39,556,218.42		111,507.49		0.00		0.00		0.00		111,507.49		111,507.49		0.00
M-1	3.76438%		80,250,000.00		234,960.05		0.00		0.00		0.00		234,960.05		234,960.05		0.00
M-2	3.79438%		22,500,000.00		66,401.65		0.00		0.00		0.00		66,401.65		66,401.65		0.00
M-3	3.84438%		34,500,000.00		103,157.53		0.00		0.00		0.00		103,157.53		103,157.53		0.00
M-4	4.05438%		24,000,000.00		75,681.76		0.00		0.00		0.00		75,681.76		75,681.76		0.00
M-5	4.09438%		15,000,000.00		47,767.77		0.00		0.00		0.00		47,767.77		47,767.77		0.00
M-6	4.31438%		23,250,000.00		78,018.37		0.00		0.00		0.00		78,018.37		78,018.37		0.00
M-7	4.66438%		13,500,000.00		48,975.99		0.00		0.00		0.00		48,975.99		48,975.99		0.00
M-8	5.06438%		18,000,000.00		70,901.32		0.00		0.00		0.00		70,901.32		70,901.32		0.00
M-9	6.06438%		20,250,000.00		95,513.99		0.00		0.00		0.00		95,513.99		95,513.99		0.00
M-10	6.06438%		11,250,000.00		53,063.33		0.00		0.00		0.00		53,063.33		53,063.33		0.00
CE	336.45511%		15,000,006.30		0.00		0.00		0.00		0.00		0.00		4,205,690.67		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		633,995.42		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,363,994,482.25		3,886,300.24		0.00		0.00		0.00		3,886,300.24		8,725,986.33		0.00



Page 5 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								22,177,582.09		14,647,840.71		17,214,081.47		54,039,504.27
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								22,177,582.09		14,647,840.71		17,214,081.47		54,039,504.27
Interest Collections								2,959,128.36		2,761,296.77		2,477,488.94		8,197,914.07
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-33,899.07		-36,954.77		-35,069.33		-105,923.16
Interest Other Accounts														633,995.42
TOTAL NET INTEREST								2,925,229.29		2,724,342.00		2,442,419.61		8,725,986.33
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														62,765,490.60



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									397,175.10		386,358.61		331,348.38		1,114,882.09
Curtailments									21,698.15		23,371.13		39,853.72		84,923.00
Prepayments In Full									21,386,327.03		13,864,339.12		16,842,879.37		52,093,545.52
Repurchased/Substitutions									372,381.81		373,771.85		0.00		746,153.66
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									-341,940.54		-315,092.57		-266,968.05		-924,001.16
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									341,940.54		315,092.57		266,968.05		924,001.16
TOTAL PRINCIPAL COLLECTED									22,177,582.09		14,647,840.71		17,214,081.47		54,039,504.27


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 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								3,132,233.22		2,914,435.49		2,611,498.07		8,658,166.78
Repurchased/Substitution Interest								1,737.78		2,133.61		0.00		3,871.39
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								-24,670.51		-17,342.14		-23,015.73		-65,028.38
Delinquent Interest								-2,647,361.46		-2,381,419.12		-2,096,208.80		-7,124,989.38
Compensating Interest								24,670.50		17,342.14		23,015.73		65,028.38
Civil Relief Act Shortfalls								-0.00		-124.91		-0.00		-124.91
Interest Advanced								2,472,518.82		2,226,271.69		1,962,199.67		6,660,990.18
TOTAL INTEREST COLLECTED								2,959,128.36		2,761,296.77		2,477,488.94		8,197,914.07


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														633,995.42
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														633,995.42



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								33,316.22		36,418.39		34,597.23		104,331.84
Trustee Fees								582.84		536.38		472.10		1,591.32
TOTAL INTEREST FEES								33,899.07		36,954.77		35,069.33		105,923.16




Page 7 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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														21.18%
Class A Certificate Defiency Amount														0.00




Page 8 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								2,398		3,246		3,020		8,664
Prior								2,208		3,038		2,827		8,073
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-66		-78		-91		-235
Repurchases								-1		-1		-0		-2
Liquidations								-0		-0		-0		-0
Current								2,141		2,959		2,736		7,836
Principal Balance:


Original								562,269,353.48		498,806,657.59		438,924,618.70		1,500,000,629.77
Prior								499,581,267.20		459,757,959.93		404,655,255.12		1,363,994,482.25
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-397,175.10		-386,358.61		-331,348.38		-1,114,882.09
Partial Prepayments								-21,698.15		-23,371.13		-39,853.72		-84,923.00
Full Voluntary Prepayments								-21,386,327.03		-13,864,339.12		-16,842,879.37		-52,093,545.52
Repurchases								-372,381.81		-373,771.85		-0.00		-746,153.66
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								477,403,685.11		445,110,119.22		387,441,173.65		1,309,954,977.98





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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								7.53630%		7.61389%		7.75753%		7.62771%
Weighted Average Coupon Current								7.52783%		7.61245%		7.74436%		7.62059%
Weighted Average Months to Maturity Original								354		350		350		352
Weighted Average Months to Maturity Prior								351		347		347		348
Weighted Average Months to Maturity Current								349		346		346		347
Weighted Avg Remaining Amortization Term Original								354		350		350		352
Weighted Avg Remaining Amortization Term Prior								351		347		347		348
Weighted Avg Remaining Amortization Term Current								349		346		346		347
Weighted Average Seasoning Original								2.66		2.54		2.33		2.52
Weighted Average Seasoning Prior								5.61		5.50		5.31		5.48
Weighted Average Seasoning Current								6.59		6.50		6.30		6.47









Page 10 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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								5.72276%		5.85628%		5.90875%		5.82017%
Weighted Average Margin Current								5.73128%		5.85989%		5.90437%		5.82383%
Weighted Average Max Rate Original								13.71673%		13.77674%		13.94787%		13.80189%
Weighted Average Max Rate Prior								13.70850%		13.75314%		13.91936%		13.78375%
Weighted Average Max Rate Current								13.70453%		13.75418%		13.90681%		13.77927%
Weighted Average Min Rate Original								7.71673%		7.77674%		7.94787%		7.80189%
Weighted Average Min Rate Prior								7.70850%		7.75314%		7.91936%		7.78375%
Weighted Average Min Rate Current								7.70453%		7.75418%		7.90681%		7.77927%
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								33,316.22		36,418.39		34,597.23		104,331.84
Delinquent Servicing Fees								174,842.64		155,147.43		134,009.12		463,999.19
TOTAL SERVICING FEES								208,158.86		191,565.82		168,606.36		568,331.04


Total Servicing Fees								208,158.86		191,565.82		168,606.36		568,331.04
Compensating Interest								-24,670.50		-17,342.14		-23,015.73		-65,028.38
Delinquent Servicing Fees								-174,842.64		-155,147.43		-134,009.12		-463,999.19
COLLECTED SERVICING FEES								33,316.22		36,418.39		34,597.23		39,303.48


Total Advanced Interest								2,472,518.82		2,226,271.69		1,962,199.67		6,660,990.18
Total Advanced Principal								341,940.54		315,092.57		266,968.05		924,001.16
Aggregate Advances with respect to this Distribution								2,814,459.37		2,541,364.26		2,229,167.73		7,584,991.35





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								24,670.51		17,342.14		23,015.73		65,028.38
Compensating Interest								-24,670.50		-17,342.14		-23,015.73		-65,028.38
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								477,403,685.11		445,110,119.22		387,441,173.65		1,309,954,977.98
Weighted Average Net Mortgage Rate								7.026435%		7.111047%		7.242964%		7.119192%




Page 11 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				13,151,173.87		5,908,957.67		1,326,712.81		20,386,844.35
			% Balance				1.00%		0.45%		0.10%		1.56%
			# Loans				87		40		10		137
			% # Loans				1.11%		0.51%		0.13%		1.75%
	FORECLOSURE		Balance		0.00		0.00		481,740.56		8,535,608.87		9,017,349.43
			% Balance		0.00%		0.00%		0.04%		0.65%		0.69%
			# Loans		0		0		3		45		48
			% # Loans		0.00%		0.00%		0.04%		0.57%		0.61%
	BANKRUPTCY		Balance		3,382,099.04		165,188.81		110,748.01		601,735.38		4,259,771.24
			% Balance		0.26%		0.01%		0.01%		0.05%		0.33%
			# Loans		22		2		1		5		30
			% # Loans		0.28%		0.03%		0.01%		0.06%		0.38%
	REO		Balance		0.00		0.00		0.00		837,771.95		837,771.95
			% Balance		0.00%		0.00%		0.00%		0.06%		0.06%
			# Loans		0		0		0		5		5
			% # Loans		0.00%		0.00%		0.00%		0.06%		0.06%
	TOTAL		Balance		3,382,099.04		13,316,362.68		6,501,446.24		11,301,829.01		34,501,736.97
			% Balance		0.26%		1.02%		0.50%		0.86%		2.63%
			# Loans		22		89		44		65		220
			% # Loans		0.28%		1.14%		0.56%		0.83%		2.81%









Page 12 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,791,460.15		1,680,899.26		265,527.11		5,737,886.52
			% Balance				0.98%		0.43%		0.07%		1.48%
			# Loans				32		16		2		50
			% # Loans				1.17%		0.58%		0.07%		1.83%
	FORECLOSURE		Balance		0.00		0.00		275,522.19		1,198,682.92		1,474,205.11
			% Balance		0.00%		0.00%		0.07%		0.31%		0.38%
			# Loans		0		0		2		10		12
			% # Loans		0.00%		0.00%		0.07%		0.37%		0.44%
	BANKRUPTCY		Balance		930,970.29		67,690.07		0.00		195,049.41		1,193,709.77
			% Balance		0.24%		0.02%		0.00%		0.05%		0.31%
			# Loans		9		1		0		2		12
			% # Loans		0.33%		0.04%		0.00%		0.07%		0.44%
	REO		Balance		0.00		0.00		0.00		87,496.66		87,496.66
			% Balance		0.00%		0.00%		0.00%		0.02%		0.02%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	TOTAL		Balance		930,970.29		3,859,150.22		1,956,421.45		1,746,756.10		8,493,298.06
			% Balance		0.24%		1.00%		0.50%		0.45%		2.19%
			# Loans		9		33		18		15		75
			% # Loans		0.33%		1.21%		0.66%		0.55%		2.74%










Page 13 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,596,607.36		1,238,597.63		606,856.35		6,442,061.34
			% Balance				1.03%		0.28%		0.14%		1.45%
			# Loans				34		12		5		51
			% # Loans				1.15%		0.41%		0.17%		1.72%
	FORECLOSURE		Balance		0.00		0.00		0.00		3,107,060.57		3,107,060.57
			% Balance		0.00%		0.00%		0.00%		0.70%		0.70%
			# Loans		0		0		0		20		20
			% # Loans		0.00%		0.00%		0.00%		0.68%		0.68%
	BANKRUPTCY		Balance		724,202.13		97,498.74		0.00		99,450.19		921,151.06
			% Balance		0.16%		0.02%		0.00%		0.02%		0.21%
			# Loans		6		1		0		1		8
			% # Loans		0.20%		0.03%		0.00%		0.03%		0.27%
	REO		Balance		0.00		0.00		0.00		271,618.02		271,618.02
			% Balance		0.00%		0.00%		0.00%		0.06%		0.06%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.10%		0.10%
	TOTAL		Balance		724,202.13		4,694,106.10		1,238,597.63		4,084,985.13		10,741,890.99
			% Balance		0.16%		1.05%		0.28%		0.92%		2.41%
			# Loans		6		35		12		29		82
			% # Loans		0.20%		1.18%		0.41%		0.98%		2.77%










Page 14 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,763,106.36		2,989,460.78		454,329.35		8,206,896.49
			% Balance				1.00%		0.63%		0.10%		1.72%
			# Loans				21		12		3		36
			% # Loans				0.98%		0.56%		0.14%		1.68%
	FORECLOSURE		Balance		0.00		0.00		206,218.37		4,229,865.38		4,436,083.75
			% Balance		0.00%		0.00%		0.04%		0.89%		0.93%
			# Loans		0		0		1		15		16
			% # Loans		0.00%		0.00%		0.05%		0.70%		0.75%
	BANKRUPTCY		Balance		1,726,926.62		0.00		110,748.01		307,235.78		2,144,910.41
			% Balance		0.36%		0.00%		0.02%		0.06%		0.45%
			# Loans		7		0		1		2		10
			% # Loans		0.33%		0.00%		0.05%		0.09%		0.47%
	REO		Balance		0.00		0.00		0.00		478,657.27		478,657.27
			% Balance		0.00%		0.00%		0.00%		0.10%		0.10%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.05%		0.05%
	TOTAL		Balance		1,726,926.62		4,763,106.36		3,306,427.16		5,470,087.78		15,266,547.92
			% Balance		0.36%		1.00%		0.69%		1.15%		3.20%
			# Loans		7		21		14		21		63
			% # Loans		0.33%		0.98%		0.65%		0.98%		2.94%









Page 15 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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
102714722 1
			87,750.00		87,496.66		01-Jan-2005		9.700%		GA - 75.00%		360		01-Feb-2005

101650026 2			79,200.00		78,932.74		01-Jan-2005		8.950%		MI - 90.00%		360		01-Feb-2005
102064920 2			127,500.00		127,195.80		01-Jan-2005		10.600%		GA - 85.00%		360		01-Feb-2005
104586987 2			65,700.00		65,489.48		01-Jan-2005		9.200%		GA - 90.00%		360		01-Feb-2005
103084067 3			480,000.00		478,657.27		01-Jan-2005		9.850%		GA - 75.00%		360		01-Feb-2005


TOTAL			840,150.00		837,771.95


Page 16 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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
93562742 1
			221,250.00		220,417.92		01-Feb-2005		9.850%		WA - 75.00%		360		01-Dec-2004

95875423 1			126,750.00		126,215.44		01-Mar-2005		9.300%		FL - 75.00%		360		01-Dec-2004
99560922 1			80,000.00		79,675.75		01-Jan-2005		8.050%		TX - 80.00%		360		01-Feb-2005
101848448 1			60,000.00		59,759.27		01-Feb-2005		8.100%		MD - 80.00%		360		01-Feb-2005
102305380 1			149,850.00		149,306.75		01-Mar-2005		8.600%		KY - 90.00%		360		01-Feb-2005
102681285 1			140,000.00		139,542.04		01-Jan-2005		9.100%		TX - 80.00%		360		01-Feb-2005
102716206 1			117,300.00		116,981.38		01-Jan-2005		9.990%		TX - 85.00%		360		01-Feb-2005
103284162 1			78,750.00		78,571.91		01-Feb-2005		10.850%		IN - 75.00%		360		01-Feb-2005
103386264 1			76,277.00		76,082.99		01-Feb-2005		10.300%		LA - 73.34%		360		01-Feb-2005
103655726 1			61,000.00		60,829.37		01-Feb-2005		9.850%		FL - 73.49%		360		01-Feb-2005
104305388 1			307,500.00		306,957.52		01-Jan-2005		11.990%		NC - 82.00%		360		01-Feb-2005
104980867 1			60,000.00		59,864.77		01-Feb-2005		9.990%		PA - 60.00%		360		01-Mar-2005
94750726 2			60,000.00		59,628.61		01-Jan-2005		7.400%		DE - 44.64%		360		01-Dec-2004
95651808 2			262,500.00		261,028.46		01-Jan-2005		7.900%		MD - 75.00%		360		01-Dec-2004
96818661 2			139,500.00		138,990.45		01-Feb-2005		9.990%		MI - 75.00%		360		01-Dec-2004
98783665 2			128,000.00		127,563.59		01-Feb-2005		8.900%		TX - 64.00%		360		01-Feb-2005
100082700 2			60,000.00		59,882.78		01-Jan-2005		12.250%		TX - 70.59%		360		01-Jan-2005
100133347 2			88,000.00		87,729.51		01-Feb-2005		9.400%		TX - 80.00%		360		01-Feb-2005
100194943 2			189,000.00		188,674.55		01-Feb-2005		12.100%		NJ - 70.00%		360		01-Feb-2005
100224583 2			327,250.00		325,740.22		01-Jan-2005		7.400%		MA - 85.00%		360		01-Feb-2005
101484624 2			238,000.00		237,290.94		01-Feb-2005		9.550%		CO - 85.00%		360		01-Feb-2005
101530129 2			93,600.00		93,321.14		01-Feb-2005		9.550%		IL - 80.00%		360		01-Feb-2005
101590867 2			103,700.00		103,517.03		01-Jan-2005		11.990%		IN - 85.00%		360		01-Feb-2005
101863884 2			212,000.00		211,460.83		01-Feb-2005		10.300%		WI - 74.91%		360		01-Feb-2005
101979706 2			103,500.00		103,139.81		01-Feb-2005		8.800%		SD - 90.00%		360		01-Feb-2005
102005543 2			62,250.00		62,093.34		01-Jan-2005		10.350%		IL - 75.00%		360		01-Feb-2005
102431707 2			190,000.00		188,935.07		01-Feb-2005		6.400%		MA - 79.50%		360		01-Feb-2005
102574621 2			176,000.00		175,622.92		01-Feb-2005		11.100%		MI - 80.00%		360		01-Feb-2005
102776960 2			191,250.00		190,384.95		01-Jan-2005		7.500%		RI - 75.00%		360		01-Feb-2005
103757068 2			139,500.00		138,769.11		01-Jan-2005		6.750%		GA - 90.00%		360		01-Feb-2005
103894267 2			212,400.00		211,689.19		01-Jan-2005		8.990%		MN - 90.00%		360		01-Feb-2005
105564769 2			142,000.00		141,598.07		01-Feb-2005		8.900%		OK - 78.02%		360		01-Mar-2005
89216782 3			358,700.00		356,243.29		01-Jan-2005		7.500%		NY - 87.49%		360		01-Nov-2004
94118601 3			499,950.00		497,641.53		01-Jan-2005		9.450%		AR - 83.33%		360		01-Nov-2004
95815262 3			85,500.00		85,089.42		01-Jan-2005		7.990%		OH - 90.00%		360		01-Jan-2005
96130042 3			82,025.00		81,725.40		01-Feb-2005		9.990%		MN - 85.00%		360		01-Dec-2004
98049968 3			96,000.00		95,628.38		01-Feb-2005		9.050%		OH - 84.96%		360		01-Jan-2005
98389703 3			675,000.00		672,741.07		01-Feb-2005		9.750%		IL - 90.00%		360		01-Jan-2005
98988728 3			60,900.00		60,649.24		01-Jan-2005		8.750%		FL - 58.00%		360		01-Jan-2005
99235624 3			121,500.00		121,067.10		01-Jan-2005		9.450%		NY - 90.00%		360		01-Jan-2005
99466161 3			605,200.00		601,659.17		01-Feb-2005		6.990%		MD - 84.88%		360		01-Jan-2005
100292762 3			81,600.00		81,263.61		01-Feb-2005		8.750%		OH - 85.00%		360		01-Jan-2005
100663442 3			207,000.00		206,218.37		01-Mar-2005		8.400%		FL - 90.00%		360		01-Feb-2005
101001709 3			107,400.00		107,146.50		01-Jan-2005		10.650%		NC - 81.99%		360		01-Feb-2005
101192946 3			63,750.00		63,558.07		01-Feb-2005		9.500%		IN - 85.00%		360		01-Feb-2005
102262789 3			441,000.00		439,574.47		01-Feb-2005		8.250%		AZ - 90.00%		360		01-Mar-2005
104194162 3			573,750.00		566,585.65		01-Jan-2005		11.850%		GA - 75.00%		180		01-Feb-2005
104260047 3			401,500.00		399,292.48		01-Feb-2005		6.500%		CA - 89.22%		360		01-Feb-2005


Page 17 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution


TOTAL			9,057,902.00		9,017,349.43


Page 18 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								66		78		91		235
Number of Repurchased Loans								1		1		0		2
Total Number of Loans Prepaid in Full								67		79		91		237
Curtailments Amount								21,698.15		23,371.13		39,853.72		84,923.00
Paid in Full Balance								21,386,327.03		13,864,339.12		16,842,879.37		52,093,545.52
Repurchased Loans Balance								372,381.81		373,771.85		0.00		746,153.66
Total Prepayment Amount								21,780,406.99		14,261,482.10		16,882,733.09		52,924,622.18

Cumulative


Number of Paid in Full Loans								243		277		272		792
Number of Repurchased Loans								14		10		12		36
Total Number of Loans Prepaid in Full								257		287		284		828
Paid in Full Balance								78,916,937.91		49,912,492.75		47,817,555.05		176,646,985.71
Repurchased Loans Balance								3,704,814.79		1,578,448.74		1,726,973.57		7,010,237.10
Curtailments Amount								132,524.11		199,520.87		204,418.60		536,463.58
Total Prepayment Amount								82,754,276.81		51,690,462.36		49,748,947.22		184,193,686.39










Page 19 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								4.36%		3.10%		4.18%		3.88%
3 Months Avg SMM								3.80%		2.77%		3.14%		3.26%
12 Months Avg SMM								3.14%		2.17%		2.38%		2.59%
Avg SMM Since Cut-off								3.14%		2.17%		2.38%		2.59%


CPR								41.45%		31.51%		40.06%		37.83%
3 Months Avg CPR								37.18%		28.63%		31.81%		32.81%
12 Months Avg CPR								31.83%		23.15%		25.15%		27.05%
Avg CPR Since Cut-off								31.83%		23.15%		25.15%		27.05%


PSA								3,143.54%		2,424.56%		3,178.32%		2,921.29%
3 Months Avg PSA Approximation								3,315.24%		2,600.83%		2,996.06%		2,991.35%
12 Months Avg PSA Approximation								3,441.62%		2,562.93%		2,913.30%		3,007.28%
Avg PSA Since Cut-off Approximation								3,441.63%		2,562.92%		2,913.31%		3,007.28%










Page 20 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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 21 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

83267989 3			159,800.00		158,855.96			29-Jun-2005		8.350%		HI - 85.00%		Paid Off - 360		01-Oct-2004


87455549 1			190,900.00		189,002.19			27-Jun-2005		5.550%		FL - 79.15%		Paid Off - 360		01-Oct-2004

87961306 3			189,900.00		188,834.76			28-Jun-2005		8.500%		AZ - 90.00%		Paid Off - 360		01-Oct-2004

88114327 3			423,000.00		420,016.28			17-Jun-2005		7.350%		CA - 90.00%		Paid Off - 360		01-Oct-2004

88145222 2			93,500.00		93,077.07			14-Jun-2005		9.550%		OH - 76.02%		Paid Off - 360		01-Oct-2004

88445200 3			377,500.00		374,361.19			30-Jun-2005		6.500%		NY - 78.66%		Paid Off - 360		01-Oct-2004

88657200 2			185,412.00		183,795.21			06-Jul-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Oct-2004

89387443 1			90,000.00		87,575.24			21-Jun-2005		7.900%		FL - 77.18%		Paid Off - 180		01-Oct-2004

89920607 3			162,000.00		160,890.49			20-Jun-2005		7.500%		WA - 90.00%		Paid Off - 360		01-Oct-2004

90424623 1			151,432.00		150,315.80			30-Jun-2005		6.500%		CA - 78.54%		Paid Off - 360		01-Nov-2004

90581984 2			112,000.00		111,590.96			28-Jun-2005		9.990%		FL - 70.00%		Paid Off - 360		01-Nov-2004

90616640 1			199,760.00		197,930.58			17-Jun-2005		5.990%		MD - 76.80%		Paid Off - 360		01-Oct-2004

90742768 2			345,000.00		342,230.59			30-Jun-2005		6.700%		CA - 77.64%		Paid Off - 360		01-Oct-2004

91142703 3			152,010.00		151,495.54			30-Jun-2005		10.350%		MI - 90.00%		Paid Off - 360		01-Nov-2004

91218024 3			420,000.00		417,374.70			30-Jun-2005		7.350%		NJ - 80.00%		Paid Off - 360		01-Nov-2004

91371203 3			202,500.00		201,385.01			20-Jun-2005		7.990%		WI - 84.38%		Paid Off - 360		01-Nov-2004

91638783 2			308,000.00		306,434.81			29-Jun-2005		8.400%		NY - 68.44%		Paid Off - 360		01-Nov-2004

92064021 1			315,000.00		312,887.59			27-Jun-2005		6.990%		CA - 70.00%		Paid Off - 360		01-Nov-2004

92067883 2			105,000.00		102,351.43			06-Jul-2005		7.250%		NC - 84.68%		Paid Off - 180		01-Nov-2004

92185628 2			214,250.00		212,787.85			15-Jun-2005		6.900%		NY - 82.47%		Paid Off - 360		01-Nov-2004

92494921 1			67,500.00		67,283.31			13-Jun-2005		10.600%		IL - 75.00%		Paid Off - 360		01-Nov-2004

92523786 3			420,750.00		419,053.06			13-Jun-2005		8.850%		IL - 81.70%		Paid Off - 360		01-Dec-2004

92684943 3			370,000.00		367,754.54			14-Jun-2005		7.500%		MN - 87.06%		Paid Off - 360		01-Nov-2004

92716844 3			340,000.00		338,310.73			16-Jun-2005		8.500%		ME - 84.89%		Paid Off - 360		01-Nov-2004

93548543 1			263,500.00		256,539.25			13-Jun-2005		6.700%		CA - 36.70%		Paid Off - 180		01-Nov-2004

93584381 1			274,000.00		272,524.29			01-Jul-2005		8.100%		NY - 71.17%		Paid Off - 360		01-Nov-2004

93672269 1			225,000.00		223,700.46			01-Jul-2005		7.750%		CA - 75.00%		Paid Off - 360		01-Nov-2004

93791341 1			252,000.00		251,012.46			06-Jul-2005		8.990%		CA - 80.00%		Paid Off - 360		01-Dec-2004

94203601 1			93,750.00		93,284.04			05-Jul-2005		8.500%		MI - 75.00%		Paid Off - 360		01-Nov-2004

94331980 3			467,500.00		465,359.14			30-Jun-2005		8.900%		CA - 85.00%		Paid Off - 360		01-Nov-2004

94392180 2			80,250.00		79,905.77			20-Jun-2005		8.550%		MI - 75.00%		Paid Off - 360		01-Dec-2004

94402625 1			116,250.00		115,470.37			22-Jun-2005		6.990%		MD - 75.00%		Paid Off - 360		01-Nov-2004

94526746 2			60,000.00		59,774.32			30-Jun-2005		9.990%		FL - 70.59%		Paid Off - 360		01-Nov-2004

94846680 2			131,250.00		130,875.15			08-Jul-2005		10.500%		IL - 75.00%		Paid Off - 360		01-Dec-2004

94859121 1			146,250.00		145,734.32			29-Jun-2005		9.500%		FL - 74.62%		Paid Off - 360		01-Dec-2004

95031480 3			365,000.00		363,247.44			30-Jun-2005		7.990%		FL - 84.88%		Paid Off - 360		01-Dec-2004

95114765 2			342,000.00		337,959.01			17-Jun-2005		6.250%		MD - 90.00%		Paid Off - 360		01-Dec-2004



Page 22 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

95320289 1			300,000.00		298,726.60			22-Jun-2005		8.600%		CA - 80.00%		Paid Off - 360		01-Dec-2004


95568747 2			61,500.00		61,241.57			01-Jul-2005		8.650%		WI - 64.06%		Paid Off - 360		01-Dec-2004

95698783 3			406,500.00		403,959.77			22-Jun-2005		6.650%		CA - 82.48%		Paid Off - 360		01-Dec-2004

95760823 3			230,000.00		228,782.37			06-Jul-2005		7.500%		FL - 88.56%		Paid Off - 360		01-Dec-2004

95930244 3			150,450.00		149,971.25			07-Jul-2005		9.990%		FL - 85.00%		Paid Off - 360		01-Dec-2004

95931101 3			405,900.00		403,620.63			22-Jun-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Dec-2004

96373246 3			108,000.00		107,042.33			27-Jun-2005		10.500%		IL - 83.08%		Paid Off - 240		01-Dec-2004

96412143 3			99,000.00		98,650.89			20-Jun-2005		9.500%		GA - 90.00%		Paid Off - 360		01-Dec-2004

96434907 2			300,000.00		298,753.56			01-Jul-2005		6.990%		CA - 60.00%		Paid Off - 360		01-Feb-2005

96528807 3			480,000.00		478,281.73			21-Jun-2005		9.600%		MA - 77.42%		Paid Off - 360		01-Dec-2004

96649769 1			333,699.00		332,096.45			15-Jun-2005		7.990%		CA - 69.81%		Paid Off - 360		01-Dec-2004

96742325 2			201,500.00		200,532.43			07-Jul-2005		7.990%		FL - 65.00%		Paid Off - 360		01-Dec-2004

96797501 2			346,500.00		344,436.96			29-Jun-2005		6.900%		FL - 90.00%		Paid Off - 360		01-Dec-2004

97006928 2			335,000.00		332,739.86			15-Jun-2005		6.250%		MD - 76.99%		Paid Off - 360		01-Dec-2004

97106363 2			160,200.00		159,108.84			23-Jun-2005		6.200%		FL - 90.00%		Paid Off - 360		01-Dec-2004

97131528 3			187,000.00		186,437.06			01-Jul-2005		9.500%		OH - 85.00%		Paid Off - 360		01-Jan-2005

97182521 3			209,628.00		208,765.02			21-Jun-2005		8.750%		MI - 90.00%		Paid Off - 360		01-Dec-2004

97210843 3			150,000.00		149,152.51			08-Jul-2005		8.800%		NJ - 85.71%		Paid Off - 360		01-Jan-2005

97314868 2			174,000.00		173,149.31			27-Jun-2005		7.900%		MN - 60.00%		Paid Off - 360		01-Dec-2004

97492441 2			90,000.00		89,849.47			13-Jun-2005		12.950%		NC - 75.00%		Paid Off - 360		01-Dec-2004

97657068 2			130,000.00		129,262.80			20-Jun-2005		7.150%		CA - 74.29%		Paid Off - 360		01-Dec-2004

97849400 3			695,000.00		692,209.75			07-Jul-2005		8.100%		NY - 57.92%		Paid Off - 360		01-Jan-2005

97989560 3			147,900.00		147,560.96			14-Jun-2005		9.990%		AZ - 85.00%		Paid Off - 360		01-Feb-2005

98194400 2			186,000.00		185,610.07			05-Jul-2005		11.200%		MD - 79.15%		Paid Off - 360		01-Jan-2005

98258080 3			271,500.00		270,912.00			20-Jun-2005		11.050%		MA - 85.29%		Paid Off - 360		01-Jan-2005

98376205 1			86,250.00		86,069.90			30-Jun-2005		10.350%		GA - 75.00%		Paid Off - 360		01-Feb-2005

98517220 1			160,572.00		160,140.95			16-Jun-2005		9.200%		MA - 31.06%		Paid Off - 360		01-Feb-2005

98936248 2			168,000.00		167,311.06			29-Jun-2005		8.050%		OH - 80.00%		Paid Off - 360		01-Jan-2005

99188724 3			535,500.00		533,218.25			30-Jun-2005		7.800%		CA - 90.00%		Paid Off - 360		01-Jan-2005

99204869 1			60,000.00		59,795.54			24-Jun-2005		7.990%		CA - 32.79%		Paid Off - 360		01-Feb-2005

99233462 2			204,000.00		202,706.65			17-Jun-2005		5.750%		CA - 55.89%		Paid Off - 360		01-Jan-2005

99318321 2			71,000.00		70,801.90			17-Jun-2005		8.990%		IA - 74.74%		Paid Off - 360		01-Feb-2005

99348062 1			177,000.00		176,439.32			06-Jul-2005		8.350%		ME - 30.78%		Paid Off - 360		01-Feb-2005

99795502 3			216,000.00		215,142.07			30-Jun-2005		8.150%		NY - 90.00%		Paid Off - 360		01-Jan-2005

99886228 2			353,160.00		351,553.55			30-Jun-2005		7.500%		HI - 90.00%		Paid Off - 360		01-Jan-2005

99920126 1			244,000.00		242,592.69			16-Jun-2005		6.250%		CA - 65.40%		Paid Off - 360		01-Jan-2005

99982167 1			65,250.00		64,481.53			23-Jun-2005		10.450%		PA - 75.00%		Paid Off - 180		01-Feb-2005

99984304 1			356,000.00		353,966.17			16-Jun-2005		6.300%		CA - 79.31%		Paid Off - 360		01-Jan-2005



Page 23 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

100016682 2			70,000.00		69,789.85			01-Jul-2005		10.900%		FL - 50.00%		Paid Off - 360		01-Jan-2005


100130442 1			203,000.00		202,356.97			21-Jun-2005		8.350%		NJ - 45.11%		Paid Off - 360		01-Feb-2005

100379007 3			125,000.00		124,476.57			29-Jun-2005		6.950%		WI - 89.29%		Paid Off - 360		01-Feb-2005

100523703 3			127,500.00		127,292.27			20-Jun-2005		11.500%		MD - 85.00%		Paid Off - 360		01-Feb-2005

100648906 1			74,800.00		74,431.31			20-Jun-2005		8.550%		TX - 55.41%		Paid Off - 360		01-Feb-2005

100727288 3			134,000.00		133,579.42			29-Jun-2005		9.300%		IL - 85.19%		Paid Off - 360		01-Jan-2005

100752468 3			450,000.00		448,391.31			28-Jun-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Feb-2005

100768308 1			90,000.00		89,612.61			16-Jun-2005		7.750%		CA - 44.60%		Paid Off - 360		01-Jan-2005

100806306 3			455,000.00		452,639.22			16-Jun-2005		6.800%		NY - 83.48%		Paid Off - 360		01-Jan-2005

100810084 3			395,000.00		392,633.45			30-Jun-2005		6.050%		CA - 83.32%		Paid Off - 360		01-Jan-2005

100822022 3			164,050.00		163,618.16			01-Jul-2005		9.250%		MD - 85.00%		Paid Off - 360		01-Feb-2005

100823822 3			164,000.00		163,407.81			30-Jun-2005		7.700%		CA - 69.79%		Paid Off - 360		01-Feb-2005

100863729 3			262,036.00		260,815.11			30-Jun-2005		7.350%		NY - 88.71%		Paid Off - 360		01-Jan-2005

100891845 3			171,000.00		170,289.92			29-Jun-2005		7.050%		MD - 90.00%		Paid Off - 360		01-Feb-2005

100962281 3			101,700.00		101,399.48			01-Jul-2005		8.750%		SC - 90.00%		Paid Off - 360		01-Feb-2005

101019446 1			258,126.00		256,733.84			01-Jul-2005		6.600%		CA - 74.17%		Paid Off - 360		01-Jan-2005

101113744 3			595,000.00		592,489.91			29-Jun-2005		7.850%		NV - 74.38%		Paid Off - 360		01-Jan-2005

101140523 3			213,306.00		212,715.56			30-Jun-2005		9.900%		FL - 84.81%		Paid Off - 360		01-Jan-2005

101211043 1			115,475.00		115,322.42			14-Jun-2005		12.450%		CO - 77.50%		Paid Off - 360		01-Feb-2005

101300721 1			445,000.00		443,617.87			17-Jun-2005		9.350%		NY - 78.76%		Paid Off - 360		01-Jan-2005

101316867 1			351,000.00		349,380.66			30-Jun-2005		6.450%		CA - 54.00%		Paid Off - 360		01-Feb-2005

101327047 1			277,900.00		277,307.26			05-Jul-2005		10.250%		IL - 89.65%		Paid Off - 360		01-Feb-2005

101334803 1			65,875.00		65,699.69			05-Jul-2005		9.200%		KS - 85.00%		Paid Off - 360		01-Feb-2005

101391720 1			182,500.00		181,927.74			07-Jul-2005		8.400%		NV - 89.02%		Paid Off - 360		01-Feb-2005

101426567 2			235,000.00		234,248.01			07-Jul-2005		8.300%		NJ - 58.75%		Paid Off - 360		01-Feb-2005

101515823 1			225,000.00		224,283.06			01-Jul-2005		8.800%		NJ - 47.37%		Paid Off - 360		01-Feb-2005

101574523 2			295,000.00		294,316.61			17-Jun-2005		10.050%		NJ - 84.29%		Paid Off - 360		01-Feb-2005

101575447 3			368,000.00		367,031.27			13-Jun-2005		9.250%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

101588465 2			278,948.00		277,661.08			24-Jun-2005		6.450%		NJ - 89.98%		Paid Off - 360		01-Feb-2005

101662948 2			171,600.00		171,226.13			07-Jul-2005		10.150%		IL - 81.71%		Paid Off - 360		01-Feb-2005

101672921 1			286,000.00		284,729.70			14-Jun-2005		6.650%		CA - 61.51%		Paid Off - 360		01-Feb-2005

101691749 3			612,000.00		609,335.55			05-Jul-2005		6.750%		MA - 85.00%		Paid Off - 360		01-Feb-2005

101758662 3			470,000.00		468,012.62			01-Jul-2005		6.900%		CA - 78.46%		Paid Off - 360		01-Feb-2005

101772408 3			209,250.00		206,339.50			01-Jul-2005		6.990%		FL - 75.00%		Paid Off - 360		01-Feb-2005

101830149 1			145,000.00		143,083.25			23-Jun-2005		9.550%		CA - 39.19%		Paid Off - 180		01-Feb-2005

101838381 3			571,500.00		569,125.58			06-Jul-2005		6.990%		WA - 89.30%		Paid Off - 360		01-Feb-2005

101876407 3			500,938.00		499,546.31			07-Jul-2005		8.990%		NY - 89.45%		Paid Off - 360		01-Feb-2005

101882900 1			108,418.00		108,040.32			05-Jul-2005		7.900%		MD - 94.28%		Paid Off - 360		01-Feb-2005



Page 24 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

101885341 2			75,000.00		74,814.54			21-Jun-2005		9.550%		FL - 77.32%		Paid Off - 360		01-Feb-2005


101893642 1			133,500.00		133,199.07			14-Jun-2005		9.990%		IL - 75.00%		Paid Off - 360		01-Feb-2005

102023686 2			333,000.00		332,261.44			07-Jul-2005		10.800%		FL - 90.00%		Paid Off - 360		01-Feb-2005

102047305 1			240,000.00		239,502.44			08-Jul-2005		10.990%		NY - 75.00%		Paid Off - 360		01-Feb-2005

102047529 1			187,200.00		186,276.51			17-Jun-2005		6.100%		FL - 90.00%		Paid Off - 360		01-Feb-2005

102079720 2			127,500.00		127,164.32			08-Jul-2005		9.250%		WI - 82.26%		Paid Off - 360		01-Feb-2005

102114626 1			120,731.00		120,395.54			29-Jun-2005		8.990%		PA - 89.90%		Paid Off - 360		01-Feb-2005

102122389 2			118,500.00		117,926.45			21-Jun-2005		6.200%		ME - 84.64%		Paid Off - 360		01-Feb-2005

102123429 3			360,000.00		357,061.96			05-Jul-2005		5.650%		CA - 83.72%		Paid Off - 360		01-Feb-2005

102200128 1			339,500.00		338,922.37			07-Jul-2005		11.300%		CA - 69.29%		Paid Off - 360		01-Feb-2005

102267820 2			234,800.00		233,747.59			30-Jun-2005		6.600%		NJ - 76.98%		Paid Off - 360		01-Feb-2005

102275385 2			234,000.00		233,511.39			23-Jun-2005		10.350%		IL - 88.30%		Paid Off - 360		01-Feb-2005

102341146 1			125,000.00		124,619.85			16-Jun-2005		8.550%		MD - 73.31%		Paid Off - 360		01-Feb-2005

102356821 2			182,000.00		181,446.52			28-Jun-2005		8.550%		NJ - 86.67%		Paid Off - 360		01-Feb-2005

102368149 2			90,900.00		89,706.77			23-Jun-2005		9.550%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

102397627 3			364,500.00		362,897.64			28-Jun-2005		6.700%		MA - 90.00%		Paid Off - 360		01-Feb-2005

102416302 2			60,750.00		60,601.34			08-Jul-2005		9.600%		ME - 90.00%		Paid Off - 360		01-Feb-2005

102435062 2			310,000.00		307,527.84			23-Jun-2005		6.500%		CA - 88.57%		Paid Off - 360		01-Feb-2005

102436680 2			153,000.00		152,442.01			15-Jun-2005		7.650%		RI - 88.44%		Paid Off - 360		01-Feb-2005

102451747 1			198,668.00		197,697.21			28-Jun-2005		6.150%		CA - 64.36%		Paid Off - 360		01-Feb-2005

102457249 2			220,000.00		219,165.11			14-Jun-2005		7.450%		CA - 44.00%		Paid Off - 360		01-Feb-2005

102469160 2			60,000.00		42,063.21			01-Jul-2005		9.200%		LA - 66.67%		Paid Off - 360		01-Feb-2005

102485364 1			76,000.00		75,705.82			17-Jun-2005		7.350%		TX - 50.67%		Paid Off - 360		01-Feb-2005

102503505 1			315,000.00		313,816.40			17-Jun-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Feb-2005

102523362 3			416,500.00		414,855.67			08-Jul-2005		7.250%		NY - 82.48%		Paid Off - 360		01-Feb-2005

102531084 2			235,500.00		234,746.41			14-Jun-2005		8.300%		NJ - 67.29%		Paid Off - 360		01-Feb-2005

102546785 1			252,000.00		250,995.26			13-Jun-2005		7.200%		CA - 81.29%		Paid Off - 360		01-Feb-2005

102562766 1			207,000.00		206,294.80			07-Jul-2005		7.990%		NY - 59.14%		Paid Off - 360		01-Feb-2005

102654340 3			411,000.00		409,227.93			30-Jun-2005		6.800%		NV - 84.74%		Paid Off - 360		01-Feb-2005

102669447 1			103,200.00		102,873.08			07-Jul-2005		8.350%		GA - 88.21%		Paid Off - 360		01-Feb-2005

102719762 1			115,000.00		114,536.95			13-Jun-2005		7.150%		NC - 81.56%		Paid Off - 360		01-Feb-2005

102743606 3			267,000.00		265,655.08			13-Jun-2005		5.990%		WA - 62.09%		Paid Off - 360		01-Feb-2005

102766144 1			278,000.00		276,562.10			13-Jun-2005		5.850%		MA - 61.64%		Paid Off - 360		01-Feb-2005

102813300 2			217,000.00		216,260.71			30-Jun-2005		7.990%		AZ - 89.60%		Paid Off - 360		01-Feb-2005

102817483 2			276,000.00		274,962.43			29-Jun-2005		7.500%		CA - 84.92%		Paid Off - 360		01-Feb-2005

102820685 2			210,000.00		209,452.89			01-Jul-2005		9.300%		FL - 75.00%		Paid Off - 360		01-Feb-2005

102849726 2			75,750.00		75,574.14			22-Jun-2005		9.850%		PA - 75.00%		Paid Off - 360		01-Feb-2005

102861424 1			96,750.00		96,498.66			28-Jun-2005		9.400%		KS - 90.00%		Paid Off - 360		01-Feb-2005



Page 25 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

102897188 2			248,500.00		247,738.10			16-Jun-2005		8.550%		NY - 71.00%		Paid Off - 360		01-Feb-2005


102913266 2			107,976.00		107,616.22			07-Jul-2005		8.100%		MO - 74.98%		Paid Off - 360		01-Feb-2005

102915147 1			97,500.00		97,278.34			23-Jun-2005		9.950%		IL - 63.31%		Paid Off - 360		01-Feb-2005

102915444 1			124,100.00		123,793.10			30-Jun-2005		9.550%		NC - 85.00%		Paid Off - 360		01-Feb-2005

102934304 1			148,000.00		147,336.64			16-Jun-2005		6.600%		MD - 88.10%		Paid Off - 360		01-Feb-2005

102949864 1			262,000.00		260,995.82			05-Jul-2005		7.400%		NY - 60.93%		Paid Off - 360		01-Feb-2005

102962305 1			100,500.00		100,114.94			06-Jul-2005		7.450%		MI - 76.72%		Paid Off - 360		01-Feb-2005

102982246 1			92,996.00		92,704.40			08-Jul-2005		8.400%		WI - 74.40%		Paid Off - 360		01-Feb-2005

102988946 3			433,500.00		431,981.02			20-Jun-2005		7.850%		CA - 72.25%		Paid Off - 360		01-Feb-2005

103005864 1			132,000.00		131,673.59			27-Jun-2005		9.550%		CA - 80.00%		Paid Off - 360		01-Feb-2005

103022828 1			136,425.00		136,219.17			13-Jun-2005		11.850%		NC - 85.00%		Paid Off - 360		01-Feb-2005

103036901 2			171,000.00		170,363.82			14-Jun-2005		7.550%		RI - 90.00%		Paid Off - 360		01-Feb-2005

103086526 3			594,500.00		592,701.17			30-Jun-2005		8.700%		NY - 54.05%		Paid Off - 360		01-Feb-2005

103091708 1			138,000.00		137,344.70			30-Jun-2005		6.300%		PA - 92.00%		Paid Off - 360		01-Feb-2005

103103420 2			249,999.00		249,105.27			07-Jul-2005		7.750%		CA - 22.73%		Paid Off - 360		01-Feb-2005

103130001 1			82,500.00		82,270.74			29-Jun-2005		8.990%		IL - 75.00%		Paid Off - 360		01-Feb-2005

103147369 2			232,500.00		231,626.38			05-Jul-2005		7.500%		CA - 75.00%		Paid Off - 360		01-Feb-2005

103221107 2			60,800.00		60,019.96			13-Jun-2005		9.500%		IL - 46.77%		Paid Off - 180		01-Feb-2005

103233706 2			116,250.00		115,917.54			01-Jul-2005		8.850%		MD - 75.00%		Paid Off - 360		01-Feb-2005

103244687 2			180,000.00		179,172.87			23-Jun-2005		6.500%		MA - 80.00%		Paid Off - 360		01-Feb-2005

103244786 1			225,250.00		224,377.67			06-Jul-2005		7.350%		ME - 85.00%		Paid Off - 360		01-Feb-2005

103247144 1			252,000.00		251,005.11			28-Jun-2005		7.250%		MD - 75.22%		Paid Off - 360		01-Feb-2005

103277901 3			90,677.00		90,428.16			23-Jun-2005		9.050%		ME - 62.75%		Paid Off - 360		01-Feb-2005

103309381 1			216,000.00		215,578.86			05-Jul-2005		9.600%		MN - 90.00%		Paid Off - 360		01-Mar-2005

103392247 2			114,000.00		113,663.77			16-Jun-2005		8.700%		NJ - 95.00%		Paid Off - 360		01-Feb-2005

103461463 2			134,300.00		133,742.03			07-Jul-2005		6.990%		MD - 85.00%		Paid Off - 360		01-Feb-2005

103487328 3			688,000.00		685,141.55			16-Jun-2005		6.990%		NJ - 52.92%		Paid Off - 360		01-Feb-2005

103516928 2			160,200.00		159,654.21			30-Jun-2005		7.990%		MD - 90.00%		Paid Off - 360		01-Feb-2005

103549408 2			347,000.00		345,188.21			15-Jun-2005		5.800%		CA - 82.62%		Paid Off - 360		01-Feb-2005

103566105 1			147,000.00		146,253.91			28-Jun-2005		5.950%		MD - 79.46%		Paid Off - 360		01-Feb-2005

103574166 1			179,842.00		179,358.62			05-Jul-2005		9.150%		WI - 78.19%		Paid Off - 360		01-Feb-2005

103617585 2			261,250.00		260,187.71			22-Jun-2005		7.100%		NJ - 93.30%		Paid Off - 360		01-Feb-2005

103745469 2			167,400.00		167,050.44			05-Jul-2005		10.350%		MN - 90.00%		Paid Off - 360		01-Feb-2005

103751426 1			266,900.00		266,298.42			21-Jun-2005		9.990%		WI - 84.89%		Paid Off - 360		01-Feb-2005

103761185 2			169,000.00		168,166.27			07-Jul-2005		6.100%		IL - 54.17%		Paid Off - 360		01-Feb-2005

103907424 1			150,000.00		149,171.49			01-Jul-2005		5.500%		CA - 67.14%		Paid Off - 360		01-Feb-2005

103913968 1			108,750.00		108,447.84			27-Jun-2005		8.990%		MD - 75.00%		Paid Off - 360		01-Feb-2005

103940524 2			86,700.00		86,433.62			29-Jun-2005		8.500%		FL - 70.49%		Paid Off - 360		01-Feb-2005



Page 26 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

103950127 1			223,000.00		222,102.11			05-Jul-2005		7.150%		MD - 89.20%		Paid Off - 360		01-Feb-2005


103957544 2			193,500.00		192,665.71			28-Jun-2005		6.800%		MN - 90.00%		Paid Off - 360		01-Feb-2005

103967162 1			340,500.00		338,973.85			20-Jun-2005		6.600%		CA - 42.56%		Paid Off - 360		01-Feb-2005

103977302 2			123,750.00		123,361.94			29-Jun-2005		8.400%		MO - 75.00%		Paid Off - 360		01-Feb-2005

103979449 1			277,500.00		276,458.69			05-Jul-2005		6.350%		IL - 75.00%		Paid Off - 360		01-Mar-2005

104010905 2			117,000.00		116,695.16			16-Jun-2005		9.300%		IL - 90.00%		Paid Off - 360		01-Feb-2005

104025127 3			430,000.00		428,251.58			29-Jun-2005		7.100%		CA - 79.63%		Paid Off - 360		01-Feb-2005

104027123 2			84,348.00		84,034.17			23-Jun-2005		7.550%		AZ - 75.00%		Paid Off - 360		01-Feb-2005

104066188 1			80,600.00		80,294.14			05-Jul-2005		7.450%		PA - 77.50%		Paid Off - 360		01-Feb-2005

104094388 2			200,000.00		199,120.72			28-Jun-2005		6.750%		NY - 52.78%		Paid Off - 360		01-Feb-2005

104150727 1			255,000.00		254,376.05			20-Jun-2005		9.600%		NY - 85.00%		Paid Off - 360		01-Feb-2005

104151287 1			147,000.00		146,654.95			20-Jun-2005		9.800%		CA - 59.27%		Paid Off - 360		01-Feb-2005

104154323 1			225,000.00		223,036.99			17-Jun-2005		7.300%		NJ - 72.58%		Paid Off - 360		01-Feb-2005

104182969 1			100,125.00		99,823.58			28-Jun-2005		8.600%		FL - 75.00%		Paid Off - 360		01-Feb-2005

104202700 2			112,750.00		112,244.66			08-Jul-2005		6.600%		ME - 72.74%		Paid Off - 360		01-Feb-2005

104209242 1			185,000.00		184,419.93			13-Jun-2005		8.400%		CA - 52.75%		Paid Off - 360		01-Feb-2005

104237961 1			115,200.00		113,653.46			08-Jul-2005		8.990%		IL - 90.00%		Paid Off - 180		01-Feb-2005

104245964 2			261,000.00		259,928.26			01-Jul-2005		7.050%		MD - 79.09%		Paid Off - 360		01-Feb-2005

104253208 2			278,679.00		277,610.91			21-Jun-2005		7.400%		CA - 79.62%		Paid Off - 360		01-Feb-2005

104320387 1			252,000.00		250,386.92			21-Jun-2005		6.700%		MD - 80.00%		Paid Off - 360		01-Feb-2005

104328224 2			116,250.00		115,962.54			24-Jun-2005		9.550%		FL - 75.00%		Paid Off - 360		01-Feb-2005

104341268 1			105,450.00		105,095.03			16-Jun-2005		8.050%		MD - 95.00%		Paid Off - 360		01-Feb-2005

104369665 1			268,125.00		267,117.55			23-Jun-2005		7.500%		CO - 82.50%		Paid Off - 360		01-Feb-2005

104389523 1			270,000.00		269,135.85			05-Jul-2005		8.750%		FL - 73.97%		Paid Off - 360		01-Feb-2005

104447909 3			390,000.00		388,197.82			28-Jun-2005		6.450%		FL - 60.00%		Paid Off - 360		01-Feb-2005

104470943 2			134,062.00		133,500.59			29-Jun-2005		6.950%		TN - 85.94%		Paid Off - 360		01-Feb-2005

104547625 2			105,000.00		104,585.45			08-Jul-2005		7.250%		MI - 75.00%		Paid Off - 360		01-Feb-2005

104583885 3			399,500.00		397,726.69			13-Jun-2005		6.650%		MA - 85.00%		Paid Off - 360		01-Feb-2005

104622287 1			256,500.00		255,258.53			01-Jul-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Feb-2005

104684303 3			469,175.00		466,642.41			22-Jun-2005		5.630%		FL - 90.00%		Paid Off - 360		01-Feb-2005

104771001 2			116,000.00		115,791.69			24-Jun-2005		9.990%		NY - 58.00%		Paid Off - 360		01-Mar-2005

104830922 2			153,750.00		153,418.54			17-Jun-2005		10.200%		MI - 75.00%		Paid Off - 360		01-Feb-2005

104881164 1			120,000.00		118,432.07			21-Jun-2005		6.900%		CA - 48.19%		Paid Off - 360		01-Feb-2005

105550149 1			356,000.00		355,044.59			27-Jun-2005		8.050%		CA - 79.11%		Paid Off - 360		01-Mar-2005

105595367 3			289,000.00		288,334.46			29-Jun-2005		8.800%		FL - 85.00%		Paid Off - 360		01-Mar-2005

105734883 2			121,680.00		121,315.37			07-Jul-2005		7.500%		CA - 29.54%		Paid Off - 360		01-Mar-2005

106143704 3			140,250.00		140,051.51			05-Jul-2005		11.100%		NC - 85.00%		Paid Off - 360		01-Mar-2005

106174428 1			81,000.00		80,838.17			01-Jul-2005		9.700%		NY - 75.00%		Paid Off - 360		01-Mar-2005



Page 27 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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

106337264 3			408,000.00		406,498.19			21-Jun-2005		6.450%		WI - 75.77%		Paid Off - 360		01-Mar-2005


106449762 3			76,800.00		76,629.95			27-Jun-2005		8.990%		MI - 80.00%		Paid Off - 360		01-Mar-2005

106529803 3			430,500.00		429,130.98			17-Jun-2005		7.200%		CA - 86.10%		Paid Off - 360		01-Mar-2005

106805864 1			105,750.00		105,560.08			06-Jul-2005		9.990%		PA - 75.00%		Paid Off - 360		01-Mar-2005

106951189 1			105,000.00		104,649.85			16-Jun-2005		6.990%		MI - 76.09%		Paid Off - 360		01-Mar-2005

107013203 3			392,750.00		391,128.81			23-Jun-2005		5.850%		CA - 66.15%		Paid Off - 360		01-Mar-2005

107306086 1			305,000.00		304,268.15			08-Jul-2005		8.600%		CA - 88.71%		Paid Off - 360		01-Mar-2005

107862765 1			105,300.00		105,083.66			#######		9.350%		FL - 55.42%		Paid Off - 360		01-Mar-2005

103465860 2			375,375.00		373,771.85			21-Jun-2005		6.850%		CA - 82.50%		Repur/Subs - 360		01-Feb-2005

103699526 3			374,000.00		372,381.81			28-Jun-2005		5.600%		CA - 69.06%		Repur/Subs - 360		01-Mar-2005



TOTAL			53,101,628.00		52,839,699.18



Page 28 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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 29 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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 30 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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 31 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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 32 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 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								21,350,563.10
						Ending Balance								1,309,954,977.98
						Delinquency Percentage								1.629870%

						Certificate Balances of Mezzanine and C Classes								277,500,006.30
						Credit Enhancement Percentage								21.183935%
						Credit Enhancement Percentage - Prior Month								20.344658%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current LIBOR Rate														3.314380%
Next LIBOR Rate														3.460000%




Page 33 of 34
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

July 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

			A-1A							3.77%			$0.00		$0.00

			A-1B							3.76%			$0.00		$0.00

			A-2A							3.71%			$0.00		$0.00

			A-2B							3.76%			$0.00		$0.00

			A-3A							3.56%			$0.00		$0.00

			A-3B							3.67%			$0.00		$0.00

			A-3C							3.81%			$0.00		$0.00

			A-3D							3.77%			$0.00		$0.00

			M-1							3.91%			$0.00		$0.00

			M-2							3.94%			$0.00		$0.00

			M-3							3.99%			$0.00		$0.00

			M-4							4.20%			$0.00		$0.00

			M-5							4.24%			$0.00		$0.00

			M-6							4.46%			$0.00		$0.00

			M-7							4.81%			$0.00		$0.00

			M-8							5.21%			$0.00		$0.00

			M-9							6.21%			$0.00		$0.00

			M-10							6.21%			$0.00		$0.00







Page 34 of 34

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