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 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 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 27, 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.

SECURITIES AND EXCHANGE COMMISSION



Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Ameriquest Mtg Sec Inc
										2. Collection Account Report					6

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

										6. REO Report					16

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

										10. Realized Loss Report					26
										11. Realized Loss Detail Report					29
				Servicer(s)
										12. Triggers and Adj. Cert. Report					30
				Ameriquest Mortgage Corp
										13. Additional Certificate Report					31



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

										Total Number of Pages					31



				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

										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 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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	$	258,089,000.00		242,398,517.01		684,254.92		8,484,939.14		9,169,194.06		0.00		0.00		233,913,577.87

A-1B	SR	$	64,523,000.00		60,600,333.66		169,887.38		2,121,259.44		2,291,146.82		0.00		0.00		58,479,074.22
A-2A	SR	$	258,048,000.00		246,103,319.52		682,271.14		7,590,546.61		8,272,817.75		0.00		0.00		238,512,772.91
A-2B	SR	$	64,511,000.00		61,524,876.17		172,957.77		1,897,607.24		2,070,565.01		0.00		0.00		59,627,268.93
A-3A	SR	$	124,645,000.00		100,813,535.34		267,723.34		11,982,120.34		12,249,843.68		0.00		0.00		88,831,415.00
A-3B	SR	$	139,369,000.00		139,369,000.00		380,952.15		0.00		380,952.15		0.00		0.00		139,369,000.00
A-3C	SR	$	26,352,000.00		26,352,000.00		74,900.17		0.00		74,900.17		0.00		0.00		26,352,000.00
A-3D	SR	$	32,263,000.00		29,615,050.37		83,253.37		1,331,351.29		1,414,604.66		0.00		0.00		28,283,699.08
M-1	MEZ	$	31,200,000.00		31,200,000.00		91,348.95		0.00		91,348.95		0.00		0.00		31,200,000.00
M-2	MEZ	$	49,800,000.00		49,800,000.00		146,968.99		0.00		146,968.99		0.00		0.00		49,800,000.00
M-3	MEZ	$	16,800,000.00		16,800,000.00		50,102.57		0.00		50,102.57		0.00		0.00		16,800,000.00
M-4	MEZ	$	28,800,000.00		28,800,000.00		89,922.11		0.00		89,922.11		0.00		0.00		28,800,000.00
M-5	MEZ	$	16,800,000.00		16,800,000.00		52,846.57		0.00		52,846.57		0.00		0.00		16,800,000.00
M-6	MEZ	$	12,000,000.00		12,000,000.00		38,214.21		0.00		38,214.21		0.00		0.00		12,000,000.00
M-7	MEZ	$	19,200,000.00		19,200,000.00		68,460.07		0.00		68,460.07		0.00		0.00		19,200,000.00
M-8	MEZ	$	9,000,000.00		9,000,000.00		32,650.66		0.00		32,650.66		0.00		0.00		9,000,000.00
M-9	MEZ	$	13,200,000.00		13,200,000.00		54,560.97		0.00		54,560.97		0.00		0.00		13,200,000.00
M-10	MEZ	$	7,800,000.00		7,800,000.00		35,273.91		0.00		35,273.91		0.00		0.00		7,800,000.00
M-11	MEZ	$	12,000,000.00		12,000,000.00		54,267.55		0.00		54,267.55		0.00		0.00		12,000,000.00
CE	SUB	$	15,600,337.10		15,600,005.68		3,443,928.08		0.00		3,443,928.08		0.00		0.00		15,600,005.68
P	SUB	$	100.00		100.00		428,360.61		0.00		428,360.61		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		1,138,976,737.75		7,103,105.49		33,407,824.06		40,510,929.55		0.00		0.00		1,105,568,913.69






Page 2 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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		03072SYJ8		258,089,000.00		939.205146		2.651236		32.876020		35.527256	906.329126
A-1B	06/27/05		07/24/05		A-Act/360		03072SYK5		64,523,000.00		939.205146		2.632974		32.876020		35.508994	906.329126
A-2A	06/27/05		07/24/05		A-Act/360		03072SYL3		258,048,000.00		953.711401		2.643970		29.415251		32.059221	924.296150
A-2B	06/27/05		07/24/05		A-Act/360		03072SYM1		64,511,000.00		953.711401		2.681059		29.415251		32.096309	924.296150
A-3A	06/27/05		07/24/05		A-Act/360		03072SYN9		124,645,000.00		808.805290		2.147887		96.129972		98.277859	712.675318
A-3B	06/27/05		07/24/05		A-Act/360		03072SYP4		139,369,000.00		1,000.000000		2.733407		0.000000		2.733407	1,000.000000
A-3C	06/27/05		07/24/05		A-Act/360		03072SYQ2		26,352,000.00		1,000.000000		2.842295		0.000000		2.842295	1,000.000000
A-3D	06/27/05		07/24/05		A-Act/360		03072SZC2		32,263,000.00		917.926119		2.580460		41.265576		43.846036	876.660542
M-1	06/27/05		07/24/05		A-Act/360		03072SYR0		31,200,000.00		1,000.000000		2.927851		0.000000		2.927851	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		03072SYS8		49,800,000.00		1,000.000000		2.951185		0.000000		2.951185	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		03072SYT6		16,800,000.00		1,000.000000		2.982296		0.000000		2.982296	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		03072SYU3		28,800,000.00		1,000.000000		3.122295		0.000000		3.122295	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		03072SYV1		16,800,000.00		1,000.000000		3.145629		0.000000		3.145629	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		03072SYW9		12,000,000.00		1,000.000000		3.184518		0.000000		3.184518	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		03072SYX7		19,200,000.00		1,000.000000		3.565629		0.000000		3.565629	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		03072SYY5		9,000,000.00		1,000.000000		3.627851		0.000000		3.627851	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		03072SYZ2		13,200,000.00		1,000.000000		4.133407		0.000000		4.133407	1,000.000000
M-10	06/27/05		07/24/05		A-Act/360		03072SZD0		7,800,000.00		1,000.000000		4.522296		0.000000		4.522296	1,000.000000
M-11	06/27/05		07/24/05		A-Act/360		03072SZE8		12,000,000.00		1,000.000000		4.522296		0.000000		4.522296	1,000.000000
CE	06/01/05		06/30/05		F-30/360				1,215,600,774.20		12.833165		2.833108		0.000000		2.833108	12.833165
P	06/01/05		06/30/05		F-30/360				100.00		1,000.000000		4,283,606.100000		0.000000		4,283,606.100000	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 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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	258,089,000.00		2,901,924.83		23,142,688.19		1,032,733.94		24,175,422.13		27,077,346.96		0.00		0.00		233,913,577.87
A-1B	64,523,000.00		720,112.22		5,785,739.29		258,186.49		6,043,925.78		6,764,038.00		0.00		0.00		58,479,074.22
A-2A	258,048,000.00		2,862,211.37		18,476,305.15		1,058,921.94		19,535,227.09		22,397,438.46		0.00		0.00		238,512,772.91
A-2B	64,511,000.00		726,354.56		4,619,004.69		264,726.38		4,883,731.07		5,610,085.63		0.00		0.00		59,627,268.93
A-3A	124,645,000.00		1,230,574.99		34,697,838.89		1,115,746.11		35,813,585.00		37,044,159.99		0.00		0.00		88,831,415.00
A-3B	139,369,000.00		1,553,084.15		0.00		0.00		0.00		1,553,084.15		0.00		0.00		139,369,000.00
A-3C	26,352,000.00		306,263.41		0.00		0.00		0.00		306,263.41		0.00		0.00		26,352,000.00
A-3D	32,263,000.00		356,900.19		3,855,328.70		123,972.22		3,979,300.92		4,336,201.11		0.00		0.00		28,283,699.08
M-1	31,200,000.00		374,332.95		0.00		0.00		0.00		374,332.95		0.00		0.00		31,200,000.00
M-2	49,800,000.00		602,597.49		0.00		0.00		0.00		602,597.49		0.00		0.00		49,800,000.00
M-3	16,800,000.00		205,581.90		0.00		0.00		0.00		205,581.90		0.00		0.00		16,800,000.00
M-4	28,800,000.00		370,138.11		0.00		0.00		0.00		370,138.11		0.00		0.00		28,800,000.00
M-5	16,800,000.00		217,635.90		0.00		0.00		0.00		217,635.90		0.00		0.00		16,800,000.00
M-6	12,000,000.00		157,504.21		0.00		0.00		0.00		157,504.21		0.00		0.00		12,000,000.00
M-7	19,200,000.00		284,150.74		0.00		0.00		0.00		284,150.74		0.00		0.00		19,200,000.00
M-8	9,000,000.00		135,655.66		0.00		0.00		0.00		135,655.66		0.00		0.00		9,000,000.00
M-9	13,200,000.00		228,276.64		0.00		0.00		0.00		228,276.64		0.00		0.00		13,200,000.00
M-10	7,800,000.00		148,215.74		0.00		0.00		0.00		148,215.74		0.00		0.00		7,800,000.00
M-11	12,000,000.00		228,024.22		0.00		0.00		0.00		228,024.22		0.00		0.00		12,000,000.00
CE	15,600,337.10		13,943,662.07		0.00		0.00		331.44		13,943,993.51		0.00		0.00		15,600,005.68
P	100.00		1,024,465.55		0.00		0.00		0.00		1,024,465.55		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		28,577,666.90		90,576,904.91		3,854,287.08		94,431,523.43		123,009,190.33		0.00		0.00		1,105,568,913.69



Page 4 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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	3.62938%		242,398,517.01		684,254.92		0.00		0.00		0.00		684,254.92		684,254.92		0.00
A-1B	3.60438%		60,600,333.66		169,887.38		0.00		0.00		0.00		169,887.38		169,887.38		0.00
A-2A	3.56438%		246,103,319.52		682,271.14		0.00		0.00		0.00		682,271.14		682,271.14		0.00
A-2B	3.61438%		61,524,876.17		172,957.77		0.00		0.00		0.00		172,957.77		172,957.77		0.00
A-3A	3.41438%		100,813,535.34		267,723.34		0.00		0.00		0.00		267,723.34		267,723.34		0.00
A-3B	3.51438%		139,369,000.00		380,952.15		0.00		0.00		0.00		380,952.15		380,952.15		0.00
A-3C	3.65438%		26,352,000.00		74,900.17		0.00		0.00		0.00		74,900.17		74,900.17		0.00
A-3D	3.61438%		29,615,050.37		83,253.37		0.00		0.00		0.00		83,253.37		83,253.37		0.00
M-1	3.76438%		31,200,000.00		91,348.95		0.00		0.00		0.00		91,348.95		91,348.95		0.00
M-2	3.79438%		49,800,000.00		146,968.99		0.00		0.00		0.00		146,968.99		146,968.99		0.00
M-3	3.83438%		16,800,000.00		50,102.57		0.00		0.00		0.00		50,102.57		50,102.57		0.00
M-4	4.01438%		28,800,000.00		89,922.11		0.00		0.00		0.00		89,922.11		89,922.11		0.00
M-5	4.04438%		16,800,000.00		52,846.57		0.00		0.00		0.00		52,846.57		52,846.57		0.00
M-6	4.09438%		12,000,000.00		38,214.21		0.00		0.00		0.00		38,214.21		38,214.21		0.00
M-7	4.58438%		19,200,000.00		68,460.07		0.00		0.00		0.00		68,460.07		68,460.07		0.00
M-8	4.66438%		9,000,000.00		32,650.66		0.00		0.00		0.00		32,650.66		32,650.66		0.00
M-9	5.31438%		13,200,000.00		54,560.97		0.00		0.00		0.00		54,560.97		54,560.97		0.00
M-10	5.81438%		7,800,000.00		35,273.91		0.00		0.00		0.00		35,273.91		35,273.91		0.00
M-11	5.81438%		12,000,000.00		54,267.55		0.00		0.00		0.00		54,267.55		54,267.55		0.00
CE	264.91745%		15,600,005.68		0.00		0.00		0.00		0.00		0.00		3,443,928.08		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		428,360.61		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,138,976,737.75		3,230,816.80		0.00		0.00		0.00		3,230,816.80		7,103,105.49		0.00



Page 5 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								13,313,471.63		9,488,153.85		10,606,198.58		33,407,824.06
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								13,313,471.63		9,488,153.85		10,606,198.58		33,407,824.06
Interest Collections								2,227,044.91		2,290,859.18		2,274,631.83		6,774,887.19
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-32,188.21		-33,108.30		-34,845.80		-100,142.31
Interest Other Accounts														428,360.61
TOTAL NET INTEREST								2,194,856.70		2,257,750.88		2,239,786.03		7,103,105.49
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														40,510,929.55



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									299,497.28		325,910.89		315,149.85		940,558.02
Curtailments									22,720.49		29,611.61		15,057.45		67,389.55
Prepayments In Full									12,991,253.86		9,132,631.35		10,181,737.31		32,305,622.52
Repurchased/Substitutions									0.00		0.00		94,253.97		94,253.97
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									-241,437.62		-258,561.49		-242,024.70		-742,023.81
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									241,437.62		258,561.49		242,024.70		742,023.81
TOTAL PRINCIPAL COLLECTED									13,313,471.63		9,488,153.85		10,606,198.58		33,407,824.06


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 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								2,333,865.43		2,419,063.95		2,398,245.26		7,151,174.64
Repurchased/Substitution Interest								0.00		0.00		644.07		644.07
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								-12,587.47		-9,295.24		-11,323.29		-33,206.00
Delinquent Interest								-1,870,116.45		-1,950,657.07		-1,901,449.29		-5,722,222.81
Compensating Interest								12,587.47		9,295.23		11,323.29		33,205.99
Civil Relief Act Shortfalls								-417.64		-279.17		-0.00		-696.81
Interest Advanced								1,746,064.85		1,822,731.47		1,777,191.78		5,345,988.10
TOTAL INTEREST COLLECTED								2,227,044.91		2,290,859.18		2,274,631.83		6,774,887.19


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														428,360.61
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														428,360.61



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								31,596.75		32,498.69		34,243.50		98,338.94
Trustee Fees								591.46		609.61		602.30		1,803.37
TOTAL INTEREST FEES								32,188.21		33,108.30		34,845.80		100,142.31




Page 7 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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														15,600,005.68
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														15,600,005.68

Credit Enhancement Percentage														21.00%
Class A Certificate Defiency Amount														0.00




Page 8 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								1,709		2,644		2,461		6,814
Prior								1,631		2,564		2,363		6,558
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-47		-52		-52		-151
Repurchases								-0		-0		-1		-1
Liquidations								-0		-0		-0		-0
Current								1,584		2,512		2,310		6,406
Principal Balance:


Original								400,035,619.04		399,949,167.75		400,015,650.31		1,200,000,437.10
Prior								373,556,039.09		385,018,283.48		380,402,415.19		1,138,976,737.76
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-299,497.28		-325,910.89		-315,149.85		-940,558.02
Partial Prepayments								-22,720.49		-29,611.61		-15,057.45		-67,389.55
Full Voluntary Prepayments								-12,991,253.86		-9,132,631.35		-10,181,737.31		-32,305,622.52
Repurchases								-0.00		-0.00		-94,253.97		-94,253.97
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								360,242,567.46		375,530,129.63		369,796,216.61		1,105,568,913.70





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.52115%		7.55269%		7.58162%		7.55182%
Weighted Average Coupon Prior								7.50221%		7.54721%		7.56930%		7.53974%
Weighted Average Coupon Current								7.49724%		7.53958%		7.56743%		7.53499%
Weighted Average Months to Maturity Original								354		351		352		352
Weighted Average Months to Maturity Prior								352		349		350		350
Weighted Average Months to Maturity Current								351		347		348		349
Weighted Avg Remaining Amortization Term Original								354		351		352		352
Weighted Avg Remaining Amortization Term Prior								352		349		350		350
Weighted Avg Remaining Amortization Term Current								351		347		348		349
Weighted Average Seasoning Original								2.11		2.16		2.14		2.14
Weighted Average Seasoning Prior								4.11		4.15		4.14		4.14
Weighted Average Seasoning Current								5.11		5.15		5.14		5.14









Page 10 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

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								5.80816%		5.82495%		5.88436%		5.83921%
Weighted Average Margin Current								5.81152%		5.81803%		5.88698%		5.83886%
Weighted Average Max Rate Original								13.75783%		13.76170%		13.80585%		13.77508%
Weighted Average Max Rate Prior								13.74329%		13.75767%		13.79438%		13.76516%
Weighted Average Max Rate Current								13.74393%		13.75212%		13.79937%		13.76517%
Weighted Average Min Rate Original								7.75783%		7.76170%		7.80585%		7.77508%
Weighted Average Min Rate Prior								7.74329%		7.75767%		7.79438%		7.76516%
Weighted Average Min Rate Current								7.74393%		7.75212%		7.79937%		7.76517%
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								31,596.75		32,498.69		34,243.50		98,338.94
Delinquent Servicing Fees								124,051.60		127,925.59		124,257.51		376,234.70
TOTAL SERVICING FEES								155,648.35		160,424.29		158,501.01		474,573.65


Total Servicing Fees								155,648.35		160,424.29		158,501.01		474,573.65
Compensating Interest								-12,587.47		-9,295.23		-11,323.29		-33,205.99
Delinquent Servicing Fees								-124,051.60		-127,925.59		-124,257.51		-376,234.70
COLLECTED SERVICING FEES								31,596.75		32,498.69		34,243.50		65,132.96


Total Advanced Interest								1,746,064.85		1,822,731.47		1,777,191.78		5,345,988.10
Total Advanced Principal								241,437.62		258,561.49		242,024.70		742,023.81
Aggregate Advances with respect to this Distribution								1,987,502.46		2,081,292.96		2,019,216.49		6,088,011.91





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								12,587.47		9,295.24		11,323.29		33,206.00
Compensating Interest								-12,587.47		-9,295.23		-11,323.29		-33,205.99
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								360,242,567.46		375,530,129.63		369,796,216.61		1,105,568,913.70
Weighted Average Net Mortgage Rate								6.995338%		7.037682%		7.065526%		7.033094%




Page 11 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,230,576.23		4,185,763.71		502,126.80		15,918,466.74
			% Balance				1.02%		0.38%		0.05%		1.44%
			# Loans				69		28		4		101
			% # Loans				1.08%		0.44%		0.06%		1.58%
	FORECLOSURE		Balance		0.00		0.00		416,882.19		716,602.27		1,133,484.46
			% Balance		0.00%		0.00%		0.04%		0.06%		0.10%
			# Loans		0		0		3		6		9
			% # Loans		0.00%		0.00%		0.05%		0.09%		0.14%
	BANKRUPTCY		Balance		1,071,702.68		89,949.37		99,030.45		0.00		1,260,682.50
			% Balance		0.10%		0.01%		0.01%		0.00%		0.11%
			# Loans		9		1		1		0		11
			% # Loans		0.14%		0.02%		0.02%		0.00%		0.17%
	REO		Balance		0.00		0.00		0.00		75,813.99		75,813.99
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.02%		0.02%
	TOTAL		Balance		1,071,702.68		11,320,525.60		4,701,676.35		1,294,543.06		18,388,447.69
			% Balance		0.10%		1.02%		0.43%		0.12%		1.66%
			# Loans		9		70		32		11		122
			% # Loans		0.14%		1.09%		0.50%		0.17%		1.90%









Page 12 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,551,353.34		1,420,391.31		317,394.07		6,289,138.72
			% Balance				1.23%		0.38%		0.09%		1.70%
			# Loans				30		10		2		42
			% # Loans				1.30%		0.43%		0.09%		1.82%
	FORECLOSURE		Balance		0.00		0.00		0.00		110,736.78		110,736.78
			% Balance		0.00%		0.00%		0.00%		0.03%		0.03%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	BANKRUPTCY		Balance		543,333.26		89,949.37		99,030.45		0.00		732,313.08
			% Balance		0.15%		0.02%		0.03%		0.00%		0.20%
			# Loans		4		1		1		0		6
			% # Loans		0.17%		0.04%		0.04%		0.00%		0.26%
	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		543,333.26		4,641,302.71		1,519,421.76		428,130.85		7,132,188.58
			% Balance		0.15%		1.26%		0.41%		0.12%		1.93%
			# Loans		4		31		11		3		49
			% # Loans		0.17%		1.34%		0.48%		0.13%		2.12%










Page 13 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,153,661.97		1,390,733.13		101,652.50		4,646,047.60
			% Balance				0.84%		0.37%		0.03%		1.24%
			# Loans				22		12		1		35
			% # Loans				0.88%		0.48%		0.04%		1.39%
	FORECLOSURE		Balance		0.00		0.00		416,882.19		471,348.11		888,230.30
			% Balance		0.00%		0.00%		0.11%		0.13%		0.24%
			# Loans		0		0		3		4		7
			% # Loans		0.00%		0.00%		0.12%		0.16%		0.28%
	BANKRUPTCY		Balance		528,369.42		0.00		0.00		0.00		528,369.42
			% Balance		0.14%		0.00%		0.00%		0.00%		0.14%
			# Loans		5		0		0		0		5
			% # Loans		0.20%		0.00%		0.00%		0.00%		0.20%
	REO		Balance		0.00		0.00		0.00		75,813.99		75,813.99
			% 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		528,369.42		3,153,661.97		1,807,615.32		648,814.60		6,138,461.31
			% Balance		0.14%		0.84%		0.48%		0.17%		1.63%
			# Loans		5		22		15		6		48
			% # Loans		0.20%		0.88%		0.60%		0.24%		1.91%










Page 14 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,525,560.92		1,374,639.27		83,080.23		4,983,280.42
			% Balance				0.98%		0.38%		0.02%		1.38%
			# Loans				17		6		1		24
			% # Loans				1.07%		0.38%		0.06%		1.52%
	FORECLOSURE		Balance		0.00		0.00		0.00		134,517.38		134,517.38
			% Balance		0.00%		0.00%		0.00%		0.04%		0.04%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.06%		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		3,525,560.92		1,374,639.27		217,597.61		5,117,797.80
			% Balance		0.00%		0.98%		0.38%		0.06%		1.42%
			# Loans		0		17		6		2		25
			% # Loans		0.00%		1.07%		0.38%		0.13%		1.58%









Page 15 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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
105512040 2
			76,000.00		75,813.99		01-Feb-2005		9.600%		MI - 38.19%		360		01-Mar-2005



TOTAL			76,000.00		75,813.99


Page 16 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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
105170740 1
			111,000.00		110,736.78		01-Feb-2005		9.750%		RI - 74.00%		360		01-Mar-2005

102291820 2			91,500.00		91,235.19		01-Mar-2005		8.800%		MI - 52.89%		360		01-Mar-2005
103756268 2			135,625.00		135,177.62		01-Feb-2005		8.150%		MI - 87.50%		360		01-Mar-2005
105102628 2			175,500.00		174,807.14		01-Mar-2005		7.250%		CA - 67.50%		360		01-Mar-2005
105439343 2			91,000.00		90,821.79		01-Feb-2005		10.650%		WY - 82.73%		360		01-Mar-2005
105580443 2			180,900.00		180,505.86		01-Feb-2005		10.150%		WI - 90.00%		360		01-Mar-2005
107025025 2			151,300.00		150,839.86		01-Mar-2005		8.550%		MI - 85.00%		360		01-Mar-2005
107783425 2			65,000.00		64,842.84		01-Feb-2005		9.650%		KY - 50.00%		360		01-Mar-2005
107132664 3			135,000.00		134,517.38		01-Feb-2005		7.750%		FL - 90.00%		360		01-Mar-2005


TOTAL			1,136,825.00		1,133,484.46


Page 17 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								47		52		52		151
Number of Repurchased Loans								0		0		1		1
Total Number of Loans Prepaid in Full								47		52		53		152
Curtailments Amount								22,720.49		29,611.61		15,057.45		67,389.55
Paid in Full Balance								12,991,253.86		9,132,631.35		10,181,737.31		32,305,622.52
Repurchased Loans Balance								0.00		0.00		94,253.97		94,253.97
Total Prepayment Amount								13,013,974.35		9,162,242.96		10,291,048.73		32,467,266.04

Cumulative


Number of Paid in Full Loans								116		123		141		380
Number of Repurchased Loans								9		9		10		28
Total Number of Loans Prepaid in Full								125		132		151		408
Paid in Full Balance								36,370,519.04		21,721,623.59		27,326,142.53		85,418,285.16
Repurchased Loans Balance								1,964,444.49		1,158,795.68		1,498,678.97		4,621,919.14
Curtailments Amount								218,369.72		214,970.53		103,691.77		537,032.02
Total Prepayment Amount								38,553,333.25		23,095,389.80		28,928,513.27		90,577,236.32










Page 18 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								3.49%		2.38%		2.71%		2.85%
3 Months Avg SMM								2.86%		1.75%		2.25%		2.28%
12 Months Avg SMM								2.51%		1.48%		1.86%		1.95%
Avg SMM Since Cut-off								2.51%		1.48%		1.86%		1.95%


CPR								34.68%		25.12%		28.06%		29.34%
3 Months Avg CPR								29.38%		19.12%		23.85%		24.19%
12 Months Avg CPR								26.27%		16.38%		20.21%		21.02%
Avg CPR Since Cut-off								26.27%		16.38%		20.21%		21.02%


PSA								3,390.71%		2,437.29%		2,730.57%		2,856.87%
3 Months Avg PSA Approximation								3,570.86%		2,301.53%		2,880.09%		2,924.14%
12 Months Avg PSA Approximation								3,635.09%		2,240.81%		2,774.95%		2,890.48%
Avg PSA Since Cut-off Approximation								3,635.08%		2,240.81%		2,774.95%		2,890.49%










Page 19 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 20 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

85743045 1			88,508.00		86,552.13			27-Jun-2005		7.200%		TX - 63.22%		Paid Off - 180		01-Dec-2004


88426424 1			108,600.00		108,174.13			20-Jun-2005		9.650%		CA - 60.00%		Paid Off - 360		01-Nov-2004

95189262 1			200,000.00		198,676.10			17-Jun-2005		6.350%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

95926143 2			80,625.00		79,861.94			08-Jul-2005		9.990%		CA - 75.00%		Paid Off - 240		01-Dec-2004

97102149 2			118,000.00		117,467.66			27-Jun-2005		8.300%		OH - 75.74%		Paid Off - 360		01-Dec-2004

97210868 1			150,000.00		148,147.80			07-Jul-2005		7.850%		IL - 60.00%		Paid Off - 240		01-Dec-2004

98013246 1			65,901.00		65,758.39			23-Jun-2005		10.400%		OH - 56.81%		Paid Off - 360		01-Feb-2005

98787666 1			272,000.00		270,532.99			22-Jun-2005		6.600%		NJ - 83.69%		Paid Off - 360		01-Jan-2005

99727000 2			204,300.00		202,489.37			13-Jun-2005		6.250%		MI - 90.00%		Paid Off - 360		01-Jan-2005

99833246 2			130,000.00		129,451.57			15-Jun-2005		7.850%		FL - 68.42%		Paid Off - 360		01-Jan-2005

100064328 1			203,000.00		201,923.81			13-Jun-2005		6.950%		CA - 76.60%		Paid Off - 360		01-Jan-2005

100120708 3			368,000.00		365,753.08			28-Jun-2005		5.950%		CA - 77.67%		Paid Off - 360		01-Jan-2005

100876689 3			499,000.00		496,256.47			24-Jun-2005		6.500%		CA - 69.79%		Paid Off - 360		01-Jan-2005

101387348 2			90,100.00		89,618.68			23-Jun-2005		6.650%		MO - 85.00%		Paid Off - 360		01-Jan-2005

101710580 3			104,550.00		104,270.39			17-Jun-2005		8.700%		AZ - 85.00%		Paid Off - 360		01-Apr-2005

102207248 2			301,500.00		300,068.38			30-Jun-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Feb-2005

102841525 2			89,250.00		89,140.12			29-Jun-2005		11.750%		MI - 85.00%		Paid Off - 360		01-Mar-2005

102889482 1			100,000.00		99,657.36			21-Jun-2005		7.400%		ME - 76.92%		Paid Off - 360		01-Mar-2005

103231262 2			335,000.00		333,693.83			28-Jun-2005		6.150%		NY - 82.72%		Paid Off - 360		01-Mar-2005

103337382 1			75,000.00		74,764.84			13-Jun-2005		8.400%		OH - 75.00%		Paid Off - 360		01-Feb-2005

103898540 1			319,500.00		318,122.42			30-Jun-2005		6.800%		MA - 90.00%		Paid Off - 360		01-Feb-2005

104088125 2			63,750.00		63,585.62			29-Jun-2005		8.250%		OK - 75.00%		Paid Off - 360		01-Mar-2005

104121009 3			189,500.00		188,848.22			06-Jul-2005		6.800%		CA - 77.35%		Paid Off - 360		01-Mar-2005

104194667 3			306,000.00		303,639.72			05-Jul-2005		7.450%		CA - 87.43%		Paid Off - 360		01-Feb-2005

104218888 3			749,996.00		746,762.35			14-Jun-2005		6.800%		CA - 76.92%		Paid Off - 360		01-Feb-2005

104222229 1			254,250.00		253,530.84			28-Jun-2005		8.000%		NJ - 75.00%		Paid Off - 360		01-Mar-2005

104249644 2			315,000.00		314,339.19			21-Jun-2005		9.250%		FL - 90.00%		Paid Off - 360		01-Mar-2005

104421961 3			84,000.00		83,748.25			16-Jun-2005		7.500%		TX - 61.09%		Paid Off - 360		01-Mar-2005

104451109 3			247,500.00		246,969.85			05-Jul-2005		9.150%		NJ - 90.00%		Paid Off - 360		01-Mar-2005

104451828 2			86,000.00		85,867.29			23-Jun-2005		10.700%		NJ - 56.21%		Paid Off - 360		01-Mar-2005

104510003 3			276,250.00		275,618.56			30-Jun-2005		9.990%		CA - 85.00%		Paid Off - 360		01-Mar-2005

104580907 3			280,000.00		279,239.42			14-Jun-2005		7.990%		CA - 84.85%		Paid Off - 360		01-Mar-2005

104594684 2			136,335.00		135,996.27			22-Jun-2005		8.500%		FL - 75.74%		Paid Off - 360		01-Mar-2005

104725346 1			220,955.00		220,299.43			21-Jun-2005		7.550%		CA - 88.38%		Paid Off - 360		01-Mar-2005

104760467 3			150,000.00		149,613.43			08-Jul-2005		8.250%		FL - 75.00%		Paid Off - 360		01-Mar-2005

104773163 2			112,000.00		111,583.73			14-Jun-2005		6.400%		FL - 76.71%		Paid Off - 360		01-Mar-2005

104815303 2			125,500.00		125,231.21			06-Jul-2005		9.200%		NY - 51.22%		Paid Off - 360		01-Mar-2005



Page 21 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

104833728 2			213,000.00		212,161.55			24-Jun-2005		6.100%		NV - 73.85%		Paid Off - 360		01-Mar-2005


104892484 1			179,000.00		178,557.11			07-Jul-2005		8.450%		IL - 79.56%		Paid Off - 360		01-Mar-2005

104899943 3			157,250.00		156,797.36			08-Jul-2005		8.150%		NJ - 85.00%		Paid Off - 360		01-Mar-2005

104943329 3			750,000.00		747,514.42			30-Jun-2005		6.990%		CA - 83.33%		Paid Off - 360		01-Mar-2005

104967062 3			126,000.00		125,605.78			24-Jun-2005		7.550%		GA - 90.00%		Paid Off - 360		01-Mar-2005

105038087 1			252,000.00		251,295.89			15-Jun-2005		7.850%		MD - 69.04%		Paid Off - 360		01-Mar-2005

105039606 2			279,000.00		278,040.36			30-Jun-2005		6.800%		WA - 90.00%		Paid Off - 360		01-Mar-2005

105045124 3			164,500.00		164,165.45			14-Jun-2005		9.400%		MD - 88.92%		Paid Off - 360		01-Mar-2005

105050124 3			123,165.00		122,957.95			07-Jul-2005		10.300%		IL - 82.11%		Paid Off - 360		01-Mar-2005

105083547 3			114,750.00		114,495.92			01-Jul-2005		8.990%		TX - 75.00%		Paid Off - 360		01-Mar-2005

105108443 3			172,000.00		171,532.77			21-Jun-2005		7.990%		MD - 86.00%		Paid Off - 360		01-Mar-2005

105135867 1			248,200.00		247,448.79			06-Jul-2005		7.450%		FL - 85.00%		Paid Off - 360		01-Mar-2005

105151229 1			171,300.00		170,755.25			30-Jun-2005		7.200%		NJ - 87.85%		Paid Off - 360		01-Mar-2005

105171482 3			135,150.00		134,941.47			30-Jun-2005		10.700%		IL - 85.00%		Paid Off - 360		01-Mar-2005

105213268 1			157,500.00		157,140.25			05-Jul-2005		8.850%		AZ - 75.00%		Paid Off - 360		01-Mar-2005

105219604 3			119,000.00		5,895.49			21-Jun-2005		10.500%		NJ - 85.00%		Paid Off - 360		01-Mar-2005

105240188 1			333,000.00		332,050.71			15-Jun-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Mar-2005

105272249 1			203,500.00		#######			30-Jun-2005		7.900%		CA - 66.72%		Paid Off - 360		01-Mar-2005

105294722 1			300,000.00		299,602.34			07-Jul-2005		11.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005

105295380 3			266,000.00		265,118.46			28-Jun-2005		6.990%		CA - 70.00%		Paid Off - 360		01-Mar-2005

105318125 3			412,000.00		410,765.18			07-Jul-2005		7.500%		MD - 82.40%		Paid Off - 360		01-Mar-2005

105329528 2			77,313.00		77,113.75			14-Jun-2005		8.250%		MO - 74.34%		Paid Off - 360		01-Mar-2005

105356166 1			208,000.00		207,619.31			07-Jul-2005		9.900%		NJ - 80.00%		Paid Off - 360		01-Mar-2005

105356968 1			156,000.00		155,679.47			28-Jun-2005		9.350%		PA - 79.59%		Paid Off - 360		01-Mar-2005

105379424 1			95,400.00		95,099.60			01-Jul-2005		7.250%		MS - 77.88%		Paid Off - 360		01-Mar-2005

105401509 3			94,500.00		94,367.69			22-Jun-2005		11.150%		SC - 90.00%		Paid Off - 360		01-Mar-2005

105424048 2			119,865.00		119,562.30			30-Jun-2005		8.350%		FL - 64.10%		Paid Off - 360		01-Mar-2005

105454664 1			140,392.00		140,022.77			22-Jun-2005		8.150%		FL - 73.89%		Paid Off - 360		01-Mar-2005

105465827 2			127,500.00		127,077.44			21-Jun-2005		6.990%		MN - 85.00%		Paid Off - 360		01-Mar-2005

105513683 2			216,000.00		215,264.29			14-Jun-2005		6.850%		NH - 80.00%		Paid Off - 360		01-Mar-2005

105528525 2			253,487.00		252,914.56			07-Jul-2005		8.900%		IL - 63.37%		Paid Off - 360		01-Mar-2005

105578744 2			130,000.00		129,586.59			28-Jun-2005		7.200%		CA - 70.27%		Paid Off - 360		01-Mar-2005

105584809 3			229,500.00		229,066.47			15-Jun-2005		9.750%		FL - 85.00%		Paid Off - 360		01-Mar-2005

105587588 1			93,500.00		93,205.58			21-Jun-2005		7.250%		FL - 56.50%		Paid Off - 360		01-Mar-2005

105615504 1			324,000.00		322,999.78			14-Jun-2005		7.350%		GA - 90.00%		Paid Off - 360		01-Mar-2005

105623383 2			153,300.00		152,616.57			08-Jul-2005		7.700%		NJ - 71.30%		Paid Off - 300		01-Mar-2005

105625925 2			90,000.00		89,659.01			21-Jun-2005		6.300%		PA - 71.71%		Paid Off - 360		01-Mar-2005

105666663 2			134,800.00		133,810.66			07-Jul-2005		7.050%		MN - 95.00%		Paid Off - 360		01-Mar-2005



Page 22 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

105677181 2			223,000.00		222,185.31			29-Jun-2005		6.550%		CA - 75.59%		Paid Off - 360		01-Mar-2005


105689822 2			127,500.00		127,217.68			01-Jul-2005		8.990%		CA - 75.00%		Paid Off - 360		01-Mar-2005

105719066 1			332,000.00		331,225.35			23-Jun-2005		8.800%		NY - 80.00%		Paid Off - 360		01-Mar-2005

105727168 1			66,000.00		65,758.80			17-Jun-2005		11.050%		NJ - 60.00%		Paid Off - 360		01-Mar-2005

105730865 2			196,000.00		195,364.29			17-Jun-2005		7.100%		CA - 87.50%		Paid Off - 360		01-Mar-2005

105771521 3			162,000.00		161,476.16			30-Jun-2005		8.500%		NJ - 84.38%		Paid Off - 360		01-Mar-2005

105776868 1			124,340.00		124,084.54			17-Jun-2005		9.350%		AL - 73.14%		Paid Off - 360		01-Mar-2005

105804389 1			295,000.00		294,198.68			29-Jun-2005		7.990%		CA - 73.75%		Paid Off - 360		01-Mar-2005

105871008 1			160,000.00		159,707.12			07-Jul-2005		9.900%		NY - 65.31%		Paid Off - 360		01-Mar-2005

105881247 2			115,000.00		114,600.59			05-Jul-2005		6.750%		MA - 67.65%		Paid Off - 360		01-Mar-2005

105908040 2			89,925.00		89,787.72			28-Jun-2005		10.750%		WA - 75.00%		Paid Off - 360		01-Mar-2005

105910244 3			563,000.00		560,986.86			30-Jun-2005		6.600%		NY - 65.85%		Paid Off - 360		01-Mar-2005

105952907 3			131,250.00		130,988.65			28-Jun-2005		9.500%		MI - 75.00%		Paid Off - 360		01-Mar-2005

105957120 2			144,946.00		144,520.22			21-Jun-2005		7.600%		FL - 67.42%		Paid Off - 360		01-Mar-2005

106012123 3			175,000.00		174,443.49			28-Jun-2005		7.200%		CA - 70.00%		Paid Off - 360		01-Mar-2005

106045222 1			337,500.00		336,381.51			06-Jul-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005

106086440 1			262,280.00		261,410.76			05-Jul-2005		6.990%		NY - 79.48%		Paid Off - 360		01-Mar-2005

106089485 2			101,250.00		101,060.72			06-Jul-2005		9.800%		WI - 75.00%		Paid Off - 360		01-Mar-2005

106094949 3			200,000.00		199,370.29			06-Jul-2005		7.350%		RI - 88.89%		Paid Off - 360		01-Mar-2005

106126261 1			343,250.00		342,147.63			15-Jun-2005		7.150%		CA - 83.72%		Paid Off - 360		01-Mar-2005

106128721 3			63,000.00		62,931.48			07-Jul-2005		12.300%		WI - 75.00%		Paid Off - 360		01-Mar-2005

106131568 2			215,000.00		214,361.80			01-Jul-2005		7.550%		NV - 81.13%		Paid Off - 360		01-Mar-2005

106131782 2			238,500.00		237,646.51			29-Jun-2005		6.600%		CA - 74.53%		Paid Off - 360		01-Mar-2005

106144363 1			111,804.00		111,497.35			22-Jun-2005		10.800%		FL - 89.44%		Paid Off - 360		01-Mar-2005

106187560 2			87,375.00		87,197.36			30-Jun-2005		9.400%		KS - 75.00%		Paid Off - 360		01-Mar-2005

106202443 2			73,894.00		73,748.41			21-Jun-2005		9.550%		WA - 79.54%		Paid Off - 360		01-Mar-2005

106341506 1			114,000.00		113,753.97			23-Jun-2005		9.200%		CA - 60.00%		Paid Off - 360		01-Mar-2005

106357981 2			268,000.00		267,013.52			01-Jul-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Mar-2005

106358120 1			205,000.00		204,294.91			29-Jun-2005		6.800%		CA - 71.93%		Paid Off - 360		01-Mar-2005

106388986 1			300,000.00		299,178.48			28-Jun-2005		7.950%		NY - 66.67%		Paid Off - 360		01-Mar-2005

106390867 2			139,500.00		139,010.74			29-Jun-2005		6.700%		MD - 87.19%		Paid Off - 360		01-Mar-2005

106412141 2			108,500.00		107,621.41			16-Jun-2005		6.150%		KY - 86.45%		Paid Off - 360		01-Mar-2005

106413586 1			380,000.00		378,755.37			30-Jun-2005		7.050%		MA - 65.52%		Paid Off - 360		01-Mar-2005

106467509 2			160,000.00		159,454.25			23-Jun-2005		9.990%		NV - 80.00%		Paid Off - 360		01-Mar-2005

106524788 3			499,953.00		499,339.23			07-Jul-2005		11.750%		PA - 74.07%		Paid Off - 360		01-Mar-2005

106570807 3			60,000.00		59,840.60			30-Jun-2005		8.100%		OR - 82.19%		Paid Off - 360		01-Mar-2005

106589104 1			348,750.00		347,561.14			05-Jul-2005		8.500%		FL - 75.00%		Paid Off - 360		01-Mar-2005

106630387 2			280,500.00		279,941.51			08-Jul-2005		9.500%		NJ - 85.00%		Paid Off - 360		01-Mar-2005



Page 23 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

106642242 2			153,000.00		152,513.45			28-Jun-2005		7.200%		ME - 90.00%		Paid Off - 360		01-Mar-2005


106710981 3			64,300.00		64,142.48			14-Jun-2005		8.500%		GA - 66.29%		Paid Off - 360		01-Mar-2005

106759665 1			156,647.00		156,169.48			29-Jun-2005		7.990%		FL - 63.16%		Paid Off - 360		01-Mar-2005

106792260 2			216,000.00		214,679.41			14-Jun-2005		6.500%		MA - 81.51%		Paid Off - 360		01-Mar-2005

106798200 3			365,500.00		364,030.82			05-Jul-2005		5.990%		CA - 81.22%		Paid Off - 360		01-Mar-2005

106816002 2			180,000.00		179,318.01			22-Jun-2005		6.300%		CA - 84.91%		Paid Off - 360		01-Mar-2005

106827280 1			154,000.00		153,438.56			01-Jul-2005		6.500%		RI - 65.53%		Paid Off - 360		01-Mar-2005

106833247 1			103,075.00		102,782.49			01-Jul-2005		7.800%		MO - 77.50%		Paid Off - 360		01-Mar-2005

106848401 2			270,000.00		269,266.55			07-Jul-2005		7.990%		WI - 94.74%		Paid Off - 360		01-Mar-2005

106848781 3			374,000.00		372,278.79			30-Jun-2005		6.650%		CA - 64.48%		Paid Off - 360		01-Mar-2005

106895824 1			265,000.00		264,164.87			07-Jul-2005		7.350%		IL - 57.61%		Paid Off - 360		01-Mar-2005

106936180 3			599,250.00		597,622.21			30-Jun-2005		7.990%		CA - 85.00%		Paid Off - 360		01-Mar-2005

106955206 2			305,000.00		304,423.81			08-Jul-2005		9.750%		IL - 51.70%		Paid Off - 360		01-Mar-2005

106971765 3			459,000.00		457,819.31			24-Jun-2005		6.800%		WA - 89.13%		Paid Off - 360		01-Apr-2005

106986045 2			318,000.00		316,946.12			16-Jun-2005		6.990%		MD - 81.54%		Paid Off - 360		01-Mar-2005

106988645 3			384,000.00		382,600.08			05-Jul-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005

107051542 1			120,600.00		120,156.06			01-Jul-2005		6.450%		MI - 90.00%		Paid Off - 360		01-Mar-2005

107093783 3			295,000.00		294,198.68			24-Jun-2005		7.990%		MD - 84.29%		Paid Off - 360		01-Mar-2005

107117921 1			77,400.00		77,242.61			01-Jul-2005		9.400%		WI - 90.00%		Paid Off - 360		01-Mar-2005

107170185 3			479,000.00		477,939.39			30-Jun-2005		8.990%		IL - 47.90%		Paid Off - 360		01-Mar-2005

107238982 2			311,200.00		310,510.93			29-Jun-2005		8.990%		NJ - 75.90%		Paid Off - 360		01-Mar-2005

107275547 3			308,000.00		306,840.08			07-Jul-2005		6.800%		MA - 82.13%		Paid Off - 360		01-Mar-2005

107301780 3			192,500.00		192,023.68			13-Jun-2005		8.450%		FL - 87.50%		Paid Off - 360		01-Mar-2005

107322745 2			255,000.00		254,033.87			13-Jun-2005		6.300%		CA - 85.00%		Paid Off - 360		01-Mar-2005

107355000 3			423,742.00		422,381.13			01-Jul-2005		7.150%		CA - 77.04%		Paid Off - 360		01-Mar-2005

107382483 2			120,080.00		119,677.27			07-Jul-2005		6.990%		LA - 76.00%		Paid Off - 360		01-Mar-2005

107481020 2			193,100.00		192,581.77			05-Jul-2005		8.050%		CA - 79.47%		Paid Off - 360		01-Mar-2005

107490948 1			112,500.00		112,360.26			28-Jun-2005		10.350%		IL - 75.00%		Paid Off - 360		01-Apr-2005

107677403 3			117,000.00		116,769.43			21-Jun-2005		9.550%		NJ - 66.86%		Paid Off - 360		01-Mar-2005

107717522 1			197,250.00		196,709.83			08-Jul-2005		7.950%		CA - 75.00%		Paid Off - 360		01-Mar-2005

107731184 1			183,216.00		182,843.22			20-Jun-2005		9.400%		NY - 61.48%		Paid Off - 360		01-Mar-2005

107776742 1			127,500.00		127,296.81			14-Jun-2005		10.550%		MN - 75.00%		Paid Off - 360		01-Mar-2005

107820409 3			513,000.00		511,507.45			22-Jun-2005		7.650%		CA - 69.70%		Paid Off - 360		01-Mar-2005

107913469 2			292,500.00		291,746.18			08-Jul-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Mar-2005

107936064 1			251,000.00		250,521.42			05-Jul-2005		8.300%		CA - 51.75%		Paid Off - 360		01-Apr-2005

108354788 3			378,000.00		377,393.79			16-Jun-2005		9.150%		MN - 90.00%		Paid Off - 360		01-Apr-2005

109034108 3			221,000.00		220,385.63			30-Jun-2005		6.400%		CA - 85.00%		Paid Off - 360		01-Apr-2005

109618421 1			168,000.00		167,541.89			05-Jul-2005		6.500%		CA - 68.57%		Paid Off - 360		01-Apr-2005



Page 24 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

103985164 1			94,500.00		94,253.97			28-Jun-2005		8.200%		FL - 90.00%		Repur/Subs - 360		01-Mar-2005




TOTAL			32,620,619.00		32,399,876.49



Page 25 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 26 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 27 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 28 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 29 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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								7,157,871.46
						Ending Balance								1,105,568,913.70
						Delinquency Percentage								0.647438%

						Certificate Balances of Mezzanine and C Classes								232,200,005.67
						Credit Enhancement Percentage								21.002762%
						Credit Enhancement Percentage - Prior Month								20.386721%



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 30 of 31
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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							3.78%			$0.00		$0.00

			A-1B							3.75%			$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							3.66%			$0.00		$0.00

			A-3C							3.80%			$0.00		$0.00

			A-3D							3.76%			$0.00		$0.00

			M-1							3.91%			$0.00		$0.00

			M-2							3.94%			$0.00		$0.00

			M-3							3.98%			$0.00		$0.00

			M-4							4.16%			$0.00		$0.00

			M-5							4.19%			$0.00		$0.00

			M-6							4.24%			$0.00		$0.00

			M-7							4.73%			$0.00		$0.00

			M-8							4.81%			$0.00		$0.00

			M-9							5.46%			$0.00		$0.00

			M-10							5.96%			$0.00		$0.00

			M-11							5.96%			$0.00		$0.00

			CE							0.00%			$0.00		$0.00

			P							0.00%			$0.00		$0.00

			R							0.00%			$0.00		$0.00

			R-II							0.00%			$0.00		$0.00







Page 31 of 31

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):MARCH 24, 2005

AMERIQUEST MORTGAGE SECURITIES INC.

(as depositor under the Pooling and Servicing Agreement,

dated as of March 1, 2005, providing for the issuance of

Asset-Backed Pass-Through Certificates, Series 2005-R2)

Ameriquest Mortgage Securities Inc.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

	Delaware	333-121781	33-0885129
(State or Other Jurisdiction		(Commission	(I.R.S. Employer
of Incorporation)		File Number)	Identification Number)

1100 Town & Country Road, Suite 1100

Orange, California 92868	92868
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (714) 564-0600

Item 5. Other Events

Description of the Mortgage Pool

Ameriquest Mortgage Securities Inc. (the “Registrant”) plans a series of certificates, entitled Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-R2 (the “Certificates”), to be issued pursuant to a pooling and servicing agreement, dated as of March 1, 2005, among the Registrant as depositor, Ameriquest Mortgage Company as master servicer and Deutsche Bank National Trust Company as trustee. The Certificates to be designated as the Series 2005-R2 Certificates will represent in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”) consisting primarily of a pool (the “Mortgage Pool”) of conventional, one- to four-family, first lien fixed-rate and adjustable-rate mortgage loans having original terms to maturity up to 30 years (the “Mortgage Loans”).

Collateral Term Sheets

UBS Securities LLC (the “Underwriter”) has advised the Registrant that it has furnished to certain prospective purchasers of Certificates certain materials, herein referred to as “Collateral Term Sheets”, in written form, which Collateral Term Sheets are in the nature of data tables and term sheet information relating to the Mortgage Loans or other assets of the Trust Fund.

The Collateral Term Sheets have been provided by the Underwriter. The information in the Collateral Term Sheets is preliminary and will be superseded by a prospectus supplement relating to the Certificates and by any other information subsequently filed with the Commission.

The Collateral Term Sheets were prepared by the Underwriter at the request of certain prospective investors. The Collateral Term Sheets may be based on information that differs from the information set forth in the prospectus supplement.

Item 7.		Financial Statements and Exhibits
			(a)	Not applicable
			(b)	Not applicable
			(c)	Exhibits
	Exhibit No.				Description

99.1 Collateral Term Sheets (as defined in Item 5) that have been provided by UBS Securities LLC to certain prospective purchasers of Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-R2.

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 thereunto duly authorized.

Dated: July 14, 2005

AMERIQUEST MORTGAGE SECURITIES INC.

By: /s/ John P. Grazer Name: John P. Grazer Title: CFO

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
99.1	Collateral Term Sheets (as defined in Item 5) that have been provided by UBS Securities LLC to certain prospective purchasers of Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-R2.	P

EXHIBIT 99.1

[FILED BY PAPER]

Filing Compare · ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2005-R2