

                                       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): August 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
     August 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:  Aug 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 August 25, 2005.



Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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					30
										11. Realized Loss Detail Report					33
				Servicer(s)
										12. Triggers and Adj. Cert. Report					34
				Ameriquest Mtg Sec Inc
										13. Additional Certificate Report					35



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

										Total Number of Pages					35
				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:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005
										Main Phone Number:			(714) 247-6000

							August 24, 2005


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






Page 1 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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		244,991,399.94		794,282.53		13,820,677.27		14,614,959.80		0.00		0.00		231,170,722.67

A-1B	SR	$	71,545,000.00		61,248,278.02		198,308.31		3,455,193.46		3,653,501.77		0.00		0.00		57,793,084.56
A-2A	SR	$	325,221,000.00		282,263,952.48		901,754.92		15,626,557.51		16,528,312.43		0.00		0.00		266,637,394.97
A-2B	SR	$	81,306,000.00		70,566,639.06		228,479.10		3,906,675.41		4,135,154.51		0.00		0.00		66,659,963.65
A-3A	SR	$	188,640,000.00		112,261,141.97		344,142.77		20,068,222.18		20,412,364.95		0.00		0.00		92,192,919.79
A-3B	SR	$	188,210,000.00		188,210,000.00		594,795.88		0.00		594,795.88		0.00		0.00		188,210,000.00
A-3C	SR	$	35,575,000.00		35,575,000.00		116,715.65		0.00		116,715.65		0.00		0.00		35,575,000.00
A-3D	SR	$	45,825,000.00		37,338,460.21		121,215.16		2,229,802.46		2,351,017.62		0.00		0.00		35,108,657.75
M-1	MEZ	$	80,250,000.00		80,250,000.00		270,197.29		0.00		270,197.29		0.00		0.00		80,250,000.00
M-2	MEZ	$	22,500,000.00		22,500,000.00		76,337.50		0.00		76,337.50		0.00		0.00		22,500,000.00
M-3	MEZ	$	34,500,000.00		34,500,000.00		118,536.25		0.00		118,536.25		0.00		0.00		34,500,000.00
M-4	MEZ	$	24,000,000.00		24,000,000.00		86,800.00		0.00		86,800.00		0.00		0.00		24,000,000.00
M-5	MEZ	$	15,000,000.00		15,000,000.00		54,766.67		0.00		54,766.67		0.00		0.00		15,000,000.00
M-6	MEZ	$	23,250,000.00		23,250,000.00		89,292.92		0.00		89,292.92		0.00		0.00		23,250,000.00
M-7	MEZ	$	13,500,000.00		13,500,000.00		55,916.25		0.00		55,916.25		0.00		0.00		13,500,000.00
M-8	MEZ	$	18,000,000.00		18,000,000.00		80,755.00		0.00		80,755.00		0.00		0.00		18,000,000.00
M-9	MEZ	$	20,250,000.00		20,250,000.00		108,286.88		0.00		108,286.88		0.00		0.00		20,250,000.00
M-10	MEZ	$	11,250,000.00		11,250,000.00		60,159.38		0.00		60,159.38		0.00		0.00		11,250,000.00
CE	SUB	$	15,000,529.77		15,000,006.30		3,461,273.87		0.00		3,461,273.87		0.00		0.00		15,000,006.30
P	SUB	$	100.00		100.00		717,469.54		0.00		717,469.54		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		1,309,954,977.98		8,479,485.87		59,107,128.29		67,586,614.16		0.00		0.00		1,250,847,849.69






Page 2 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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	07/25/05		08/24/05		A-Act/360		03072SXQ3		286,178,000.00		856.080481		2.775484		48.293989		51.069474	807.786492
A-1B	07/25/05		08/24/05		A-Act/360		03072SXR1		71,545,000.00		856.080481		2.771798		48.293989		51.065788	807.786492
A-2A	07/25/05		08/24/05		A-Act/360		03072SXS9		325,221,000.00		867.914287		2.772745		48.049042		50.821787	819.865245
A-2B	07/25/05		08/24/05		A-Act/360		03072SXT7		81,306,000.00		867.914288		2.810114		48.049042		50.859156	819.865245
A-3A	07/25/05		08/24/05		A-Act/360		03072SXU4		188,640,000.00		595.107835		1.824336		106.383705		108.208042	488.724130
A-3B	07/25/05		08/24/05		A-Act/360		03072SXV2		188,210,000.00		1,000.000000		3.160278		0.000000		3.160278	1,000.000000
A-3C	07/25/05		08/24/05		A-Act/360		03072SXW0		35,575,000.00		1,000.000000		3.280833		0.000000		3.280833	1,000.000000
A-3D	07/25/05		08/24/05		A-Act/360		03072SXX8		45,825,000.00		814.805460		2.645175		48.659083		51.304258	766.146378
M-1	07/25/05		08/24/05		A-Act/360		03072SXY6		80,250,000.00		1,000.000000		3.366944		0.000000		3.366944	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		03072SXZ3		22,500,000.00		1,000.000000		3.392778		0.000000		3.392778	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		03072SYA7		34,500,000.00		1,000.000000		3.435833		0.000000		3.435833	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		03072SYB5		24,000,000.00		1,000.000000		3.616667		0.000000		3.616667	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		03072SYC3		15,000,000.00		1,000.000000		3.651111		0.000000		3.651111	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		03072SYD1		23,250,000.00		1,000.000000		3.840556		0.000000		3.840556	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		03072SYE9		13,500,000.00		1,000.000000		4.141944		0.000000		4.141944	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		03072SYF6		18,000,000.00		1,000.000000		4.486389		0.000000		4.486389	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		03072SYG4		20,250,000.00		1,000.000000		5.347500		0.000000		5.347500	1,000.000000
M-10	07/25/05		08/24/05		A-Act/360		03072SYH2		11,250,000.00		1,000.000000		5.347500		0.000000		5.347500	1,000.000000
CE	07/01/05		07/30/05		F-30/360				1,515,001,159.54		9.900987		2.284667		0.000000		2.284667	9.900987
P	07/01/05		07/30/05		F-30/360				100.00		1,000.000000		7,174,695.400000		0.000000		7,174,695.400000	1,000.000000
R	07/01/05		07/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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		4,591,207.19		53,362,735.23		1,644,542.10		55,007,277.33		59,598,484.52		0.00		0.00		231,170,722.67
A-1B	71,545,000.00		1,146,094.17		13,340,777.04		411,138.40		13,751,915.44		14,898,009.61		0.00		0.00		57,793,084.56
A-2A	325,221,000.00		5,140,773.19		56,679,426.90		1,904,178.13		58,583,605.03		63,724,378.22		0.00		0.00		266,637,394.97
A-2B	81,306,000.00		1,304,731.58		14,169,987.43		476,048.92		14,646,036.35		15,950,767.93		0.00		0.00		66,659,963.65
A-3A	188,640,000.00		2,459,206.06		94,202,107.52		2,244,972.69		96,447,080.21		98,906,286.27		0.00		0.00		92,192,919.79
A-3B	188,210,000.00		3,123,209.22		0.00		0.00		0.00		3,123,209.22		0.00		0.00		188,210,000.00
A-3C	35,575,000.00		615,659.02		0.00		0.00		0.00		615,659.02		0.00		0.00		35,575,000.00
A-3D	45,825,000.00		716,968.22		10,466,900.84		249,441.41		10,716,342.25		11,433,310.47		0.00		0.00		35,108,657.75
M-1	80,250,000.00		1,429,595.88		0.00		0.00		0.00		1,429,595.88		0.00		0.00		80,250,000.00
M-2	22,500,000.00		404,252.53		0.00		0.00		0.00		404,252.53		0.00		0.00		22,500,000.00
M-3	34,500,000.00		628,622.63		0.00		0.00		0.00		628,622.63		0.00		0.00		34,500,000.00
M-4	24,000,000.00		462,922.69		0.00		0.00		0.00		462,922.69		0.00		0.00		24,000,000.00
M-5	15,000,000.00		292,376.69		0.00		0.00		0.00		292,376.69		0.00		0.00		15,000,000.00
M-6	23,250,000.00		479,185.12		0.00		0.00		0.00		479,185.12		0.00		0.00		23,250,000.00
M-7	13,500,000.00		302,255.27		0.00		0.00		0.00		302,255.27		0.00		0.00		13,500,000.00
M-8	18,000,000.00		439,607.02		0.00		0.00		0.00		439,607.02		0.00		0.00		18,000,000.00
M-9	20,250,000.00		597,495.41		0.00		0.00		0.00		597,495.41		0.00		0.00		20,250,000.00
M-10	11,250,000.00		331,941.90		0.00		0.00		0.00		331,941.90		0.00		0.00		11,250,000.00
CE	15,000,529.77		26,187,043.49		0.00		0.00		523.47		26,187,566.96		0.00		0.00		15,000,006.30
P	100.00		2,781,521.72		0.00		0.00		0.00		2,781,521.72		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		53,434,669.00		242,221,934.96		6,930,321.65		249,152,780.08		302,587,449.08		0.00		0.00		1,250,847,849.69



Page 4 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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	3.76500%		244,991,399.94		794,282.53		0.00		0.00		0.00		794,282.53		794,282.53		0.00
A-1B	3.76000%		61,248,278.02		198,308.31		0.00		0.00		0.00		198,308.31		198,308.31		0.00
A-2A	3.71000%		282,263,952.48		901,754.92		0.00		0.00		0.00		901,754.92		901,754.92		0.00
A-2B	3.76000%		70,566,639.06		228,479.10		0.00		0.00		0.00		228,479.10		228,479.10		0.00
A-3A	3.56000%		112,261,141.97		344,142.77		0.00		0.00		0.00		344,142.77		344,142.77		0.00
A-3B	3.67000%		188,210,000.00		594,795.88		0.00		0.00		0.00		594,795.88		594,795.88		0.00
A-3C	3.81000%		35,575,000.00		116,715.65		0.00		0.00		0.00		116,715.65		116,715.65		0.00
A-3D	3.77000%		37,338,460.21		121,215.16		0.00		0.00		0.00		121,215.16		121,215.16		0.00
M-1	3.91000%		80,250,000.00		270,197.29		0.00		0.00		0.00		270,197.29		270,197.29		0.00
M-2	3.94000%		22,500,000.00		76,337.50		0.00		0.00		0.00		76,337.50		76,337.50		0.00
M-3	3.99000%		34,500,000.00		118,536.25		0.00		0.00		0.00		118,536.25		118,536.25		0.00
M-4	4.20000%		24,000,000.00		86,800.00		0.00		0.00		0.00		86,800.00		86,800.00		0.00
M-5	4.24000%		15,000,000.00		54,766.67		0.00		0.00		0.00		54,766.67		54,766.67		0.00
M-6	4.46000%		23,250,000.00		89,292.92		0.00		0.00		0.00		89,292.92		89,292.92		0.00
M-7	4.81000%		13,500,000.00		55,916.25		0.00		0.00		0.00		55,916.25		55,916.25		0.00
M-8	5.21000%		18,000,000.00		80,755.00		0.00		0.00		0.00		80,755.00		80,755.00		0.00
M-9	6.21000%		20,250,000.00		108,286.88		0.00		0.00		0.00		108,286.88		108,286.88		0.00
M-10	6.21000%		11,250,000.00		60,159.38		0.00		0.00		0.00		60,159.38		60,159.38		0.00
CE	276.90179%		15,000,006.30		0.00		0.00		0.00		0.00		0.00		3,461,273.87		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		717,469.54		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,309,954,977.98		4,300,742.46		0.00		0.00		0.00		4,300,742.46		8,479,485.87		0.00



Page 5 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								22,298,024.64		19,533,232.92		17,275,870.73		59,107,128.29
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								22,298,024.64		19,533,232.92		17,275,870.73		59,107,128.29
Interest Collections								2,826,348.05		2,668,740.21		2,366,657.34		7,861,745.61
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-33,558.83		-34,273.75		-31,896.68		-99,729.27
Interest Other Accounts														717,469.54
TOTAL NET INTEREST								2,792,789.22		2,634,466.46		2,334,760.66		8,479,485.88
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														67,586,614.17



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									383,022.54		374,151.04		321,182.67		1,078,356.25
Curtailments									34,881.87		46,511.89		45,016.59		126,410.35
Prepayments In Full									21,880,120.23		19,112,569.99		16,568,121.16		57,560,811.38
Repurchased/Substitutions									0.00		0.00		341,550.31		341,550.31
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									-328,137.64		-311,917.18		-263,072.36		-903,127.18
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									328,137.64		311,917.18		263,072.36		903,127.18
TOTAL PRINCIPAL COLLECTED									22,298,024.64		19,533,232.92		17,275,870.73		59,107,128.29


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 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								2,992,264.39		2,820,573.07		2,494,316.73		8,307,154.19
Repurchased/Substitution Interest								0.00		0.00		2,329.76		2,329.76
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								-22,219.81		-24,893.69		-18,098.72		-65,212.22
Delinquent Interest								-2,511,568.64		-2,323,102.67		-2,023,002.40		-6,857,673.71
Compensating Interest								22,219.82		24,893.69		18,098.72		65,212.23
Civil Relief Act Shortfalls								-0.00		-124.77		-0.00		-124.77
Interest Advanced								2,345,652.31		2,171,394.58		1,893,013.25		6,410,060.14
TOTAL INTEREST COLLECTED								2,826,348.05		2,668,740.21		2,366,657.34		7,861,745.61


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														717,469.54
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														717,469.54



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								33,001.86		33,754.46		31,444.67		98,200.99
Trustee Fees								556.97		519.30		452.01		1,528.28
TOTAL INTEREST FEES								33,558.83		34,273.75		31,896.68		99,729.27




Page 7 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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														22.18%
Class A Certificate Defiency Amount														0.00




Page 8 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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								2,141		2,959		2,736		7,836
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-73		-105		-96		-274
Repurchases								-0		-0		-4		-4
Liquidations								-0		-0		-0		-0
Current								2,068		2,854		2,636		7,558
Principal Balance:


Original								562,269,353.48		498,806,657.59		438,924,618.70		1,500,000,629.77
Prior								477,403,685.11		445,110,119.22		387,441,173.65		1,309,954,977.98
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-383,022.54		-374,151.04		-321,182.67		-1,078,356.25
Partial Prepayments								-34,881.87		-46,511.89		-45,016.59		-126,410.35
Full Voluntary Prepayments								-21,880,120.23		-19,112,569.99		-16,568,121.16		-57,560,811.38
Repurchases								-0.00		-0.00		-341,550.31		-341,550.31
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								455,105,660.47		425,576,886.30		370,165,302.92		1,250,847,849.69





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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								7.52783%		7.61245%		7.74436%		7.62059%
Weighted Average Coupon Current								7.52134%		7.60416%		7.73272%		7.61200%
Weighted Average Months to Maturity Original								354		350		350		352
Weighted Average Months to Maturity Prior								349		346		346		347
Weighted Average Months to Maturity Current								348		345		344		346
Weighted Avg Remaining Amortization Term Original								354		350		350		352
Weighted Avg Remaining Amortization Term Prior								349		346		346		347
Weighted Avg Remaining Amortization Term Current								348		345		344		346
Weighted Average Seasoning Original								2.66		2.54		2.33		2.52
Weighted Average Seasoning Prior								6.59		6.50		6.30		6.47
Weighted Average Seasoning Current								7.60		7.50		7.29		7.47









Page 10 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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								5.73128%		5.85989%		5.90437%		5.82383%
Weighted Average Margin Current								5.73071%		5.85663%		5.90278%		5.82226%
Weighted Average Max Rate Original								13.71673%		13.77674%		13.94787%		13.80189%
Weighted Average Max Rate Prior								13.70453%		13.75418%		13.90681%		13.77927%
Weighted Average Max Rate Current								13.70252%		13.74980%		13.89925%		13.77481%
Weighted Average Min Rate Original								7.71673%		7.77674%		7.94787%		7.80189%
Weighted Average Min Rate Prior								7.70453%		7.75418%		7.90681%		7.77927%
Weighted Average Min Rate Current								7.70252%		7.74980%		7.89925%		7.77481%
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								33,001.86		33,754.46		31,444.67		98,200.99
Delinquent Servicing Fees								165,916.34		151,708.10		129,989.15		447,613.59
TOTAL SERVICING FEES								198,918.20		185,462.56		161,433.82		545,814.58


Total Servicing Fees								198,918.20		185,462.56		161,433.82		545,814.58
Compensating Interest								-22,219.82		-24,893.69		-18,098.72		-65,212.23
Delinquent Servicing Fees								-165,916.34		-151,708.10		-129,989.15		-447,613.59
COLLECTED SERVICING FEES								33,001.86		33,754.46		31,444.67		32,988.78


Total Advanced Interest								2,345,652.31		2,171,394.58		1,893,013.25		6,410,060.14
Total Advanced Principal								328,137.64		311,917.18		263,072.36		903,127.18
Aggregate Advances with respect to this Distribution								2,673,789.95		2,483,311.76		2,156,085.61		7,313,187.32





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								22,219.81		24,893.69		18,098.72		65,212.22
Compensating Interest								-22,219.82		-24,893.69		-18,098.72		-65,212.23
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								455,105,660.47		425,576,886.30		370,165,302.92		1,250,847,849.69
Weighted Average Net Mortgage Rate								7.019944%		7.102758%		7.231324%		7.110603%




Page 11 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				17,041,715.34		7,778,829.55		3,101,819.07		27,922,363.96
			% Balance				1.36%		0.62%		0.25%		2.23%
			# Loans				116		48		18		182
			% # Loans				1.53%		0.64%		0.24%		2.41%
	FORECLOSURE		Balance		0.00		0.00		713,736.59		11,751,898.38		12,465,634.97
			% Balance		0.00%		0.00%		0.06%		0.94%		1.00%
			# Loans		0		0		5		73		78
			% # Loans		0.00%		0.00%		0.07%		0.97%		1.03%
	BANKRUPTCY		Balance		3,750,009.41		170,075.10		235,960.78		1,034,084.93		5,190,130.22
			% Balance		0.30%		0.01%		0.02%		0.08%		0.41%
			# Loans		25		2		3		7		37
			% # Loans		0.33%		0.03%		0.04%		0.09%		0.49%
	REO		Balance		0.00		0.00		0.00		1,629,986.57		1,629,986.57
			% Balance		0.00%		0.00%		0.00%		0.13%		0.13%
			# Loans		0		0		0		9		9
			% # Loans		0.00%		0.00%		0.00%		0.12%		0.12%
	TOTAL		Balance		3,750,009.41		17,211,790.44		8,728,526.92		17,517,788.95		47,208,115.72
			% Balance		0.30%		1.38%		0.70%		1.40%		3.77%
			# Loans		25		118		56		107		306
			% # Loans		0.33%		1.56%		0.74%		1.42%		4.05%









Page 12 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,973,617.75		1,617,163.80		578,362.46		7,169,144.01
			% Balance				1.34%		0.44%		0.16%		1.94%
			# Loans				39		14		5		58
			% # Loans				1.48%		0.53%		0.19%		2.20%
	FORECLOSURE		Balance		0.00		0.00		59,826.05		2,677,816.07		2,737,642.12
			% Balance		0.00%		0.00%		0.02%		0.72%		0.74%
			# Loans		0		0		1		23		24
			% # Loans		0.00%		0.00%		0.04%		0.87%		0.91%
	BANKRUPTCY		Balance		970,873.63		100,363.32		172,159.81		80,579.56		1,323,976.32
			% Balance		0.26%		0.03%		0.05%		0.02%		0.36%
			# Loans		9		1		2		1		13
			% # Loans		0.34%		0.04%		0.08%		0.04%		0.49%
	REO		Balance		0.00		0.00		0.00		204,379.95		204,379.95
			% Balance		0.00%		0.00%		0.00%		0.06%		0.06%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.08%		0.08%
	TOTAL		Balance		970,873.63		5,073,981.07		1,849,149.66		3,541,138.04		11,435,142.40
			% Balance		0.26%		1.37%		0.50%		0.96%		3.09%
			# Loans		9		40		17		31		97
			% # Loans		0.34%		1.52%		0.64%		1.18%		3.68%










Page 13 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,893,811.38		2,777,470.35		856,843.55		9,528,125.28
			% Balance				1.38%		0.65%		0.20%		2.24%
			# Loans				44		22		7		73
			% # Loans				1.54%		0.77%		0.25%		2.56%
	FORECLOSURE		Balance		0.00		0.00		448,070.73		3,121,655.64		3,569,726.37
			% Balance		0.00%		0.00%		0.11%		0.73%		0.84%
			# Loans		0		0		2		25		27
			% # Loans		0.00%		0.00%		0.07%		0.88%		0.95%
	BANKRUPTCY		Balance		1,174,456.20		69,711.78		0.00		535,776.34		1,779,944.32
			% Balance		0.28%		0.02%		0.00%		0.13%		0.42%
			# Loans		10		1		0		3		14
			% # Loans		0.35%		0.04%		0.00%		0.11%		0.49%
	REO		Balance		0.00		0.00		0.00		947,179.61		947,179.61
			% Balance		0.00%		0.00%		0.00%		0.22%		0.22%
			# Loans		0		0		0		6		6
			% # Loans		0.00%		0.00%		0.00%		0.21%		0.21%
	TOTAL		Balance		1,174,456.20		5,963,523.16		3,225,541.08		5,461,455.14		15,824,975.58
			% Balance		0.28%		1.40%		0.76%		1.28%		3.72%
			# Loans		10		45		24		41		120
			% # Loans		0.35%		1.58%		0.84%		1.44%		4.20%










Page 14 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,174,286.21		3,384,195.40		1,666,613.06		11,225,094.67
			% Balance				1.36%		0.74%		0.37%		2.47%
			# Loans				33		12		6		51
			% # Loans				1.60%		0.58%		0.29%		2.47%
	FORECLOSURE		Balance		0.00		0.00		205,839.81		5,952,426.67		6,158,266.48
			% Balance		0.00%		0.00%		0.05%		1.31%		1.35%
			# Loans		0		0		2		25		27
			% # Loans		0.00%		0.00%		0.10%		1.21%		1.31%
	BANKRUPTCY		Balance		1,604,679.58		0.00		63,800.97		417,729.03		2,086,209.58
			% Balance		0.35%		0.00%		0.01%		0.09%		0.46%
			# Loans		6		0		1		3		10
			% # Loans		0.29%		0.00%		0.05%		0.15%		0.48%
	REO		Balance		0.00		0.00		0.00		478,427.01		478,427.01
			% Balance		0.00%		0.00%		0.00%		0.11%		0.11%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.05%		0.05%
	TOTAL		Balance		1,604,679.58		6,174,286.21		3,653,836.18		8,515,195.77		19,947,997.74
			% Balance		0.35%		1.36%		0.80%		1.87%		4.38%
			# Loans		6		33		15		35		89
			% # Loans		0.29%		1.60%		0.73%		1.69%		4.30%









Page 15 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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		87,453.23		01-Jan-2005		9.700%		GA - 75.00%		360		01-Feb-2005

102716206 1			117,300.00		116,926.72		01-Jan-2005		9.990%		TX - 85.00%		360		01-Feb-2005
100224583 2			327,250.00		325,483.13		01-Jan-2005		7.400%		MA - 85.00%		360		01-Feb-2005
101650026 2			79,200.00		78,887.03		01-Jan-2005		8.950%		MI - 90.00%		360		01-Feb-2005
102064920 2			127,500.00		127,143.52		01-Jan-2005		10.600%		GA - 85.00%		360		01-Feb-2005
103757068 2			139,500.00		138,644.89		01-Jan-2005		6.750%		GA - 90.00%		360		01-Feb-2005
103894267 2			212,400.00		211,567.59		01-Jan-2005		8.990%		MN - 90.00%		360		01-Feb-2005
104586987 2			65,700.00		65,453.45		01-Jan-2005		9.200%		GA - 90.00%		360		01-Feb-2005
103084067 3			480,000.00		478,427.01		01-Jan-2005		9.850%		GA - 75.00%		360		01-Feb-2005


TOTAL			1,636,600.00		1,629,986.57


Page 16 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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
92069061 1
			72,000.00		71,721.66		01-Mar-2005		10.300%		WI - 60.00%		360		01-Dec-2004

93562742 1			221,250.00		220,310.03		01-Feb-2005		9.850%		WA - 75.00%		360		01-Dec-2004
95875423 1			126,750.00		126,146.27		01-Mar-2005		9.300%		FL - 75.00%		360		01-Dec-2004
97485445 1			120,000.00		119,380.34		01-Mar-2005		8.990%		CA - 48.98%		360		01-Dec-2004
99535601 1			89,175.00		88,766.61		01-Mar-2005		8.900%		OH - 72.50%		360		01-Jan-2005
99560922 1			80,000.00		79,620.43		01-Jan-2005		8.050%		TX - 80.00%		360		01-Feb-2005
101360386 1			92,800.00		92,377.10		01-Feb-2005		8.250%		TX - 80.00%		360		01-Feb-2005
101368348 1			131,750.00		130,918.69		01-Mar-2005		6.600%		TN - 85.00%		360		01-Feb-2005
101848448 1			60,000.00		59,718.20		01-Feb-2005		8.100%		MD - 80.00%		360		01-Feb-2005
102305380 1			149,850.00		149,213.92		01-Mar-2005		8.600%		KY - 90.00%		360		01-Feb-2005
102387289 1			166,500.00		165,661.26		01-Mar-2005		7.750%		KS - 90.00%		360		01-Feb-2005
102681285 1			140,000.00		139,463.67		01-Jan-2005		9.100%		TX - 80.00%		360		01-Feb-2005
102806346 1			151,300.00		150,863.28		01-Mar-2005		10.450%		NY - 85.00%		360		01-Feb-2005
103284162 1			78,750.00		78,541.28		01-Feb-2005		10.850%		IN - 75.00%		360		01-Feb-2005
103297107 1			60,000.00		59,842.67		01-Mar-2005		10.900%		WI - 87.59%		360		01-Feb-2005
103386264 1			76,277.00		76,049.68		01-Feb-2005		10.300%		LA - 73.34%		360		01-Feb-2005
103591202 1			144,500.00		144,082.90		01-Mar-2005		10.450%		GA - 85.00%		360		01-Feb-2005
103655726 1			61,000.00		60,800.11		01-Feb-2005		9.850%		FL - 73.49%		360		01-Feb-2005
103746665 1			97,000.00		96,534.23		01-Mar-2005		7.990%		CA - 66.90%		360		01-Feb-2005
103873709 1			142,000.00		141,305.75		01-Mar-2005		7.900%		OK - 88.75%		360		01-Feb-2005
103885745 1			60,000.00		59,797.03		01-Mar-2005		9.700%		PA - 37.50%		360		01-Feb-2005
104050307 1			60,000.00		59,826.05		01-Apr-2005		10.500%		MN - 60.00%		360		01-Feb-2005
104305388 1			307,500.00		306,863.92		01-Jan-2005		11.990%		NC - 82.00%		360		01-Feb-2005
104980867 1			60,000.00		59,837.04		01-Feb-2005		9.990%		PA - 60.00%		360		01-Mar-2005
89360861 2			87,500.00		86,851.83		01-Feb-2005		8.150%		MI - 73.53%		360		01-Oct-2004
94750726 2			60,000.00		59,580.89		01-Jan-2005		7.400%		DE - 44.64%		360		01-Dec-2004
98462344 2			82,500.00		82,218.01		01-Mar-2005		9.650%		TX - 73.66%		360		01-Feb-2005
98783665 2			128,000.00		127,488.96		01-Feb-2005		8.900%		TX - 64.00%		360		01-Feb-2005
100082700 2			60,000.00		59,865.34		01-Jan-2005		12.250%		TX - 70.59%		360		01-Jan-2005
100128248 2			80,500.00		80,203.50		01-Mar-2005		9.950%		SC - 63.89%		360		01-Jan-2005
100133347 2			88,000.00		87,683.18		01-Feb-2005		9.400%		TX - 80.00%		360		01-Feb-2005
100194943 2			189,000.00		188,618.38		01-Feb-2005		12.100%		NJ - 70.00%		360		01-Feb-2005
101484624 2			238,000.00		237,169.45		01-Feb-2005		9.550%		CO - 85.00%		360		01-Feb-2005
101530129 2			93,600.00		93,273.36		01-Feb-2005		9.550%		IL - 80.00%		360		01-Feb-2005
101590867 2			103,700.00		103,485.46		01-Jan-2005		11.990%		IN - 85.00%		360		01-Feb-2005
101726347 2			60,000.00		59,752.93		01-Mar-2005		8.750%		SD - 75.00%		360		01-Feb-2005
101863884 2			212,000.00		211,368.25		01-Feb-2005		10.300%		WI - 74.91%		360		01-Feb-2005
101915684 2			60,000.00		59,806.25		01-Mar-2005		10.250%		IL - 75.95%		360		01-Feb-2005
101918944 2			329,000.00		327,944.26		01-Apr-2005		9.950%		NJ - 84.36%		360		01-Feb-2005
101979706 2			103,500.00		103,078.23		01-Feb-2005		8.800%		SD - 90.00%		360		01-Feb-2005
102005543 2			62,250.00		62,066.44		01-Jan-2005		10.350%		IL - 75.00%		360		01-Feb-2005
102261666 2			60,300.00		60,087.34		01-Mar-2005		9.500%		IL - 86.76%		360		01-Feb-2005
102377082 2			120,618.00		120,126.47		01-Apr-2005		8.800%		LA - 74.92%		360		01-Feb-2005
102431707 2			190,000.00		188,754.25		01-Feb-2005		6.400%		MA - 79.50%		360		01-Feb-2005
102776960 2			191,250.00		190,237.61		01-Jan-2005		7.500%		RI - 75.00%		360		01-Feb-2005
103648507 2			223,200.00		222,223.22		01-Mar-2005		8.450%		MN - 90.00%		360		01-Feb-2005
103934329 2			195,000.00		194,197.25		01-Feb-2005		8.750%		NJ - 74.71%		360		01-Feb-2005
104280425 2			106,245.00		105,908.04		01-Mar-2005		9.250%		TX - 85.00%		360		01-Mar-2005
104566245 2			73,150.00		72,941.03		01-Feb-2005		10.500%		MN - 55.00%		360		01-Feb-2005


Page 17 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution

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
104740386 2
			244,500.00		243,280.55		01-Mar-2005		7.800%		MN - 87.01%		360		01-Feb-2005

105564769 2			142,000.00		141,515.89		01-Feb-2005		8.900%		OK - 78.02%		360		01-Mar-2005
87026340 3			112,500.00		111,940.89		01-Mar-2005		10.100%		GA - 90.00%		360		01-Oct-2004
89216782 3			358,700.00		355,961.72		01-Jan-2005		7.500%		NY - 87.49%		360		01-Nov-2004
94058963 3			141,400.00		140,431.57		01-Mar-2005		7.500%		GA - 82.21%		360		01-Dec-2004
94118601 3			499,950.00		497,374.83		01-Jan-2005		9.450%		AR - 83.33%		360		01-Nov-2004
95415360 3			69,850.00		69,635.17		01-Feb-2005		10.800%		FL - 55.00%		360		01-Jan-2005
95815262 3			85,500.00		85,029.19		01-Jan-2005		7.990%		OH - 90.00%		360		01-Jan-2005
96130042 3			82,025.00		81,686.53		01-Feb-2005		9.990%		MN - 85.00%		360		01-Dec-2004
97431043 3			93,500.00		92,314.08		01-Mar-2005		8.750%		IN - 85.00%		240		01-Jan-2005
97850820 3			70,314.00		70,119.79		01-Mar-2005		11.300%		NC - 90.00%		360		01-Jan-2005
98049968 3			96,000.00		95,573.68		01-Apr-2005		9.050%		OH - 84.96%		360		01-Jan-2005
98389703 3			675,000.00		672,407.79		01-Feb-2005		9.750%		IL - 90.00%		360		01-Jan-2005
98988728 3			60,900.00		60,612.36		01-Jan-2005		8.750%		FL - 58.00%		360		01-Jan-2005
99235624 3			121,500.00		121,003.29		01-Jan-2005		9.450%		NY - 90.00%		360		01-Jan-2005
99328122 3			85,050.00		84,756.22		01-Mar-2005		9.600%		AL - 81.00%		360		01-Feb-2005
100292762 3			81,600.00		81,214.21		01-Feb-2005		8.750%		OH - 85.00%		360		01-Jan-2005
100663442 3			207,000.00		206,084.89		01-Mar-2005		8.400%		FL - 90.00%		360		01-Feb-2005
101001709 3			107,400.00		107,102.93		01-Jan-2005		10.650%		NC - 81.99%		360		01-Feb-2005
101192946 3			63,750.00		63,525.19		01-Feb-2005		9.500%		IN - 85.00%		360		01-Feb-2005
101220564 3			153,000.00		152,343.89		01-Mar-2005		8.550%		PA - 90.00%		360		01-Feb-2005
102262789 3			441,000.00		439,283.45		01-Feb-2005		8.250%		AZ - 90.00%		360		01-Mar-2005
102998002 3			472,000.00		470,453.22		01-Mar-2005		9.850%		NY - 89.91%		360		01-Feb-2005
103034187 3			110,700.00		110,266.13		01-Apr-2005		8.990%		OK - 82.00%		360		01-Feb-2005
103506267 3			60,000.00		59,721.02		01-Mar-2005		8.150%		MI - 48.00%		360		01-Feb-2005
103876942 3			499,500.00		497,644.84		01-Mar-2005		9.250%		CA - 90.00%		360		01-Feb-2005
104194162 3			573,750.00		565,349.98		01-Jan-2005		11.850%		GA - 75.00%		180		01-Feb-2005
104260047 3			401,500.00		398,917.55		01-Feb-2005		6.500%		CA - 89.22%		360		01-Feb-2005
104633169 3			470,000.00		467,512.07		01-Mar-2005		7.500%		IL - 78.07%		360		01-Feb-2005


TOTAL			12,525,604.00		12,465,634.97


Page 18 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								73		105		96		274
Number of Repurchased Loans								0		0		4		4
Total Number of Loans Prepaid in Full								73		105		100		278
Curtailments Amount								34,881.87		46,511.89		45,016.59		126,410.35
Paid in Full Balance								21,880,120.23		19,112,569.99		16,568,121.16		57,560,811.38
Repurchased Loans Balance								0.00		0.00		341,550.31		341,550.31
Total Prepayment Amount								21,915,002.10		19,159,081.88		16,954,688.06		58,028,772.04

Cumulative


Number of Paid in Full Loans								316		382		368		1,066
Number of Repurchased Loans								14		10		16		40
Total Number of Loans Prepaid in Full								330		392		384		1,106
Paid in Full Balance								100,797,058.14		69,025,062.74		64,385,676.21		234,207,797.09
Repurchased Loans Balance								3,704,814.79		1,578,448.74		2,068,523.88		7,351,787.41
Curtailments Amount								167,405.98		246,032.76		249,435.19		662,873.93
Total Prepayment Amount								104,669,278.91		70,849,544.24		66,703,635.28		242,222,458.43










Page 19 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								4.59%		4.31%		4.38%		4.43%
3 Months Avg SMM								4.41%		3.44%		3.91%		3.94%
12 Months Avg SMM								3.39%		2.53%		2.72%		2.90%
Avg SMM Since Cut-off								3.39%		2.53%		2.72%		2.90%


CPR								43.13%		41.05%		41.57%		41.97%
3 Months Avg CPR								41.83%		34.33%		38.02%		38.25%
12 Months Avg CPR								33.86%		26.48%		28.17%		29.78%
Avg CPR Since Cut-off								33.86%		26.47%		28.17%		29.78%


PSA								2,838.26%		2,737.64%		2,849.98%		2,807.82%
3 Months Avg PSA Approximation								3,169.34%		2,640.99%		3,016.24%		2,952.57%
12 Months Avg PSA Approximation								3,306.55%		2,640.25%		2,927.47%		2,981.85%
Avg PSA Since Cut-off Approximation								3,306.55%		2,640.25%		2,927.48%		2,981.85%










Page 20 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

84384080 2			95,250.00		93,859.51			01-Aug-2005		8.950%		FL - 75.00%		Paid Off - 360		01-Sep-2004


84519503 2			113,961.00		112,861.32			14-Jul-2005		6.800%		FL - 90.00%		Paid Off - 360		01-Sep-2004

84803204 3			81,000.00		80,627.08			01-Aug-2005		9.990%		IA - 90.00%		Paid Off - 360		01-Oct-2004

85288983 2			118,810.00		117,595.89			28-Jul-2005		6.500%		FL - 90.00%		Paid Off - 360		01-Sep-2004

88833041 3			269,100.00		267,620.11			05-Aug-2005		9.150%		FL - 90.00%		Paid Off - 360		01-Oct-2004

88999925 2			135,000.00		133,928.21			14-Jul-2005		7.300%		CA - 76.83%		Paid Off - 360		01-Oct-2004

89233449 3			146,000.00		145,445.59			12-Jul-2005		10.900%		FL - 84.88%		Paid Off - 360		01-Oct-2004

89301683 2			100,800.00		99,864.58			10-Aug-2005		6.750%		FL - 90.00%		Paid Off - 360		01-Oct-2004

90801929 3			81,000.00		80,633.65			18-Jul-2005		9.550%		NC - 90.00%		Paid Off - 360		01-Nov-2004

90958885 2			119,000.00		117,673.11			10-Aug-2005		6.500%		CA - 82.18%		Paid Off - 360		01-Oct-2004

91028308 3			356,000.00		353,984.32			26-Jul-2005		7.850%		NJ - 89.00%		Paid Off - 360		01-Dec-2004

91129346 1			150,000.00		149,247.79			12-Jul-2005		9.050%		MD - 67.87%		Paid Off - 360		01-Nov-2004

91191262 3			139,500.00		138,862.46			14-Jul-2005		9.500%		IL - 90.00%		Paid Off - 360		01-Nov-2004

91294462 2			149,300.00		147,871.12			14-Jul-2005		6.350%		FL - 80.00%		Paid Off - 360		01-Oct-2004

91386508 2			234,000.00		232,016.86			27-Jul-2005		6.400%		CA - 90.00%		Paid Off - 360		01-Nov-2004

91417204 3			126,000.00		125,178.65			27-Jul-2005		7.750%		MA - 90.00%		Paid Off - 360		01-Nov-2004

91505065 2			288,000.00		284,742.51			03-Aug-2005		8.990%		CA - 74.81%		Paid Off - 360		01-Nov-2004

91638981 3			141,100.00		140,455.17			20-Jul-2005		9.500%		WI - 85.00%		Paid Off - 360		01-Nov-2004

92113422 3			74,000.00		73,395.96			05-Aug-2005		6.850%		NH - 64.35%		Paid Off - 360		01-Nov-2004

92391069 1			160,000.00		157,412.18			26-Jul-2005		7.750%		MI - 68.22%		Paid Off - 240		01-Nov-2004

92475847 1			333,000.00		330,581.20			29-Jul-2005		7.200%		CA - 65.55%		Paid Off - 360		01-Nov-2004

92598929 3			127,498.00		127,137.04			04-Aug-2005		11.750%		AR - 85.00%		Paid Off - 360		01-Nov-2004

92796721 2			204,000.00		202,450.15			09-Aug-2005		7.300%		IL - 85.76%		Paid Off - 360		01-Nov-2004

92946920 1			96,000.00		95,533.16			29-Jul-2005		9.200%		ME - 75.00%		Paid Off - 360		01-Nov-2004

93259620 1			113,000.00		112,385.25			30-Jul-2005		8.050%		NH - 49.13%		Paid Off - 360		01-Dec-2004

93374726 1			130,500.00		129,714.46			14-Jul-2005		8.150%		FL - 90.00%		Paid Off - 360		01-Nov-2004

93443380 1			106,800.00		105,937.11			22-Jul-2005		6.650%		PA - 65.09%		Paid Off - 360		01-Nov-2004

93587608 3			234,000.00		233,174.90			12-Jul-2005		9.500%		GA - 90.00%		Paid Off - 360		01-Jan-2005

93867307 1			337,000.00		334,905.58			03-Aug-2005		7.990%		CA - 79.11%		Paid Off - 360		01-Nov-2004

93930584 1			262,000.00		261,084.63			27-Jul-2005		10.200%		NY - 69.87%		Paid Off - 360		01-Dec-2004

94111283 3			437,000.00		434,046.55			12-Jul-2005		6.950%		CA - 89.18%		Paid Off - 360		01-Dec-2004

94382520 2			280,000.00		278,691.28			05-Aug-2005		8.800%		NY - 74.67%		Paid Off - 360		01-Dec-2004

94428703 1			250,001.00		247,916.85			19-Jul-2005		5.850%		CA - 52.77%		Paid Off - 360		01-Dec-2004

94461043 2			203,000.00		201,140.86			25-Jul-2005		5.990%		MA - 40.60%		Paid Off - 360		01-Nov-2004

94630449 1			304,239.00		303,303.45			28-Jul-2005		10.800%		MA - 80.00%		Paid Off - 360		01-Dec-2004

95465563 1			202,000.00		200,887.81			20-Jul-2005		7.990%		IL - 72.04%		Paid Off - 360		01-Dec-2004

95559902 2			260,000.00		258,155.76			09-Aug-2005		6.700%		NY - 80.00%		Paid Off - 360		01-Dec-2004



Page 22 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

95664066 2			225,000.00		223,388.56			03-Aug-2005		6.650%		CA - 86.87%		Paid Off - 360		01-Dec-2004


95730669 1			162,000.00		161,017.69			27-Jul-2005		7.550%		CA - 73.64%		Paid Off - 360		01-Dec-2004

95874608 1			89,000.00		88,403.10			30-Jul-2005		6.990%		MA - 74.17%		Paid Off - 360		01-Dec-2004

95922860 3			424,000.00		420,722.18			28-Jul-2005		6.250%		CA - 84.80%		Paid Off - 360		01-Dec-2004

95946182 2			257,000.00		255,067.29			26-Jul-2005		6.400%		CA - 88.88%		Paid Off - 360		01-Dec-2004

96251061 3			189,000.00		187,852.98			28-Jul-2005		7.500%		CA - 86.38%		Paid Off - 360		01-Dec-2004

96282843 3			510,000.00		506,780.72			01-Aug-2005		7.300%		CA - 85.00%		Paid Off - 360		01-Dec-2004

96319108 2			157,500.00		156,525.15			26-Jul-2005		7.400%		MO - 90.00%		Paid Off - 360		01-Dec-2004

96665161 3			480,000.00		477,142.04			10-Aug-2005		6.900%		CA - 89.72%		Paid Off - 360		01-Jan-2005

96806005 3			117,000.00		116,424.56			13-Jul-2005		8.550%		FL - 90.00%		Paid Off - 360		01-Dec-2004

96989041 3			148,500.00		147,762.18			21-Jul-2005		8.500%		GA - 90.00%		Paid Off - 360		01-Dec-2004

97072581 3			63,000.00		62,702.45			02-Aug-2005		8.750%		PA - 90.00%		Paid Off - 360		01-Dec-2004

97079743 2			231,000.00		229,483.68			14-Jul-2005		7.100%		WA - 87.17%		Paid Off - 360		01-Dec-2004

97110449 3			680,000.00		675,911.80			10-Aug-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005

97290423 3			161,500.00		160,808.65			25-Jul-2005		9.250%		MD - 85.00%		Paid Off - 360		01-Dec-2004

97316806 2			73,800.00		73,582.37			14-Jul-2005		10.350%		IL - 90.00%		Paid Off - 360		01-Jan-2005

97507826 2			87,500.00		87,180.47			30-Jul-2005		9.990%		OH - 61.62%		Paid Off - 360		01-Dec-2004

97743363 2			189,000.00		187,807.47			01-Aug-2005		6.600%		NJ - 90.00%		Paid Off - 360		01-Jan-2005

97847503 2			114,995.00		114,575.02			13-Jul-2005		9.990%		IL - 59.65%		Paid Off - 360		01-Dec-2004

97857601 2			97,000.00		96,284.14			30-Jul-2005		6.950%		IL - 69.34%		Paid Off - 360		01-Dec-2004

97857742 2			75,800.00		75,523.20			12-Jul-2005		9.990%		TN - 65.35%		Paid Off - 360		01-Dec-2004

97974745 1			245,250.00		244,240.36			13-Jul-2005		8.750%		MA - 75.00%		Paid Off - 360		01-Jan-2005

98116841 3			407,100.00		404,556.02			30-Jul-2005		6.650%		IL - 90.00%		Paid Off - 360		01-Jan-2005

98260243 2			275,300.00		273,965.83			26-Jul-2005		7.150%		MD - 84.71%		Paid Off - 360		01-Feb-2005

98329246 3			310,500.00		309,283.22			29-Jul-2005		8.990%		NY - 90.00%		Paid Off - 360		01-Jan-2005

98333180 2			190,000.00		188,310.76			29-Jul-2005		7.500%		NJ - 79.17%		Paid Off - 360		01-Feb-2005

98415243 3			194,000.00		193,239.72			08-Aug-2005		8.990%		MA - 88.99%		Paid Off - 360		01-Jan-2005

98449481 3			170,000.00		169,192.19			11-Jul-2005		7.250%		MT - 64.89%		Paid Off - 360		01-Feb-2005

98518848 3			66,300.00		66,078.13			04-Aug-2005		9.750%		ME - 65.00%		Paid Off - 360		01-Jan-2005

98589146 3			109,950.00		109,021.30			27-Jul-2005		9.150%		GA - 89.39%		Paid Off - 360		01-Jan-2005

98822463 3			212,500.00		211,318.32			01-Aug-2005		7.250%		NJ - 85.00%		Paid Off - 360		01-Jan-2005

98881501 2			136,000.00		135,283.76			02-Aug-2005		10.900%		FL - 85.00%		Paid Off - 360		01-Jan-2005

99024523 3			297,500.00		296,797.83			21-Jul-2005		10.650%		FL - 85.00%		Paid Off - 360		01-Feb-2005

99191744 3			89,100.00		88,357.91			10-Aug-2005		9.750%		NY - 90.00%		Paid Off - 240		01-Feb-2005

99236408 2			306,000.00		303,935.52			29-Jul-2005		6.250%		MA - 87.43%		Paid Off - 360		01-Jan-2005

99320343 3			153,850.00		153,292.24			01-Aug-2005		8.600%		IN - 85.00%		Paid Off - 360		01-Feb-2005

99407801 1			70,000.00		69,661.18			18-Jul-2005		7.950%		NY - 28.23%		Paid Off - 360		01-Jan-2005

99488280 3			482,800.00		479,975.32			29-Jul-2005		6.990%		MA - 85.00%		Paid Off - 360		01-Jan-2005



Page 23 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

99675787 1			132,000.00		131,602.64			09-Aug-2005		8.600%		PA - 80.00%		Paid Off - 360		01-Mar-2005


99711905 1			187,352.00		186,340.46			13-Jul-2005		7.400%		OH - 81.46%		Paid Off - 360		01-Jan-2005

99768046 3			216,000.00		214,973.55			18-Jul-2005		7.250%		MN - 90.00%		Paid Off - 360		01-Feb-2005

99820607 1			252,000.00		250,555.90			25-Jul-2005		6.700%		NY - 64.62%		Paid Off - 360		01-Feb-2005

99908329 1			137,155.00		136,613.07			25-Jul-2005		8.950%		GA - 79.74%		Paid Off - 360		01-Jan-2005

99946287 1			247,000.00		246,364.86			09-Aug-2005		10.990%		TX - 65.00%		Paid Off - 360		01-Jan-2005

99958084 3			71,500.00		71,209.11			01-Aug-2005		8.850%		FL - 65.00%		Paid Off - 360		01-Jan-2005

100038769 3			214,500.00		213,782.14			30-Jul-2005		9.750%		GA - 84.12%		Paid Off - 360		01-Jan-2005

100042522 3			81,000.00		80,805.23			19-Jul-2005		11.300%		IA - 90.00%		Paid Off - 360		01-Jan-2005

100054204 3			322,000.00		320,989.40			01-Aug-2005		9.300%		NY - 88.71%		Paid Off - 360		01-Feb-2005

100262468 3			131,000.00		129,806.92			09-Aug-2005		6.450%		MO - 84.41%		Paid Off - 360		01-Feb-2005

100336700 2			303,750.00		303,009.67			14-Jul-2005		10.500%		AK - 75.00%		Paid Off - 360		01-Feb-2005

100373281 2			130,000.00		129,349.91			27-Jul-2005		6.990%		IL - 55.16%		Paid Off - 360		01-Feb-2005

100487123 1			145,880.00		145,387.31			22-Jul-2005		8.950%		PA - 74.81%		Paid Off - 360		01-Feb-2005

100496504 1			66,700.00		66,537.38			10-Aug-2005		10.500%		TN - 24.70%		Paid Off - 360		01-Feb-2005

100610187 1			86,250.00		85,993.04			04-Aug-2005		9.550%		WI - 75.00%		Paid Off - 360		01-Feb-2005

100718360 2			181,000.00		180,302.52			18-Jul-2005		8.300%		MD - 67.04%		Paid Off - 360		01-Feb-2005

100778968 2			65,929.00		65,657.56			26-Jul-2005		8.750%		MS - 74.92%		Paid Off - 360		01-Jan-2005

100783067 3			271,000.00		269,223.19			20-Jul-2005		6.400%		NJ - 89.84%		Paid Off - 360		01-Jan-2005

100785161 3			135,000.00		134,488.09			29-Jul-2005		9.150%		MI - 82.32%		Paid Off - 360		01-Jan-2005

100801745 2			96,000.00		95,630.06			10-Aug-2005		8.300%		GA - 74.42%		Paid Off - 360		01-Feb-2005

101046209 3			272,000.00		270,754.19			02-Aug-2005		9.250%		FL - 83.69%		Paid Off - 360		01-Jan-2005

101189405 1			359,420.00		357,063.51			28-Jul-2005		6.400%		CA - 73.96%		Paid Off - 360		01-Jan-2005

101195089 3			297,500.00		295,697.20			02-Aug-2005		5.990%		MA - 85.05%		Paid Off - 360		01-Feb-2005

101218360 3			438,750.00		436,642.80			29-Jul-2005		7.990%		CA - 75.00%		Paid Off - 360		01-Jan-2005

101223204 2			177,000.00		176,273.96			22-Jul-2005		7.990%		NJ - 72.25%		Paid Off - 360		01-Feb-2005

101232486 3			153,000.00		151,939.91			13-Jul-2005		8.990%		TN - 85.00%		Paid Off - 360		01-Feb-2005

101283687 1			211,000.00		209,806.03			08-Aug-2005		6.350%		NH - 75.36%		Paid Off - 360		01-Feb-2005

101286581 1			98,250.00		98,009.97			18-Jul-2005		10.500%		GA - 75.00%		Paid Off - 360		01-Feb-2005

101304467 2			259,000.00		258,001.99			18-Jul-2005		8.300%		NY - 70.00%		Paid Off - 360		01-Feb-2005

101363141 1			127,500.00		127,033.03			10-Aug-2005		8.550%		WI - 85.00%		Paid Off - 360		01-Feb-2005

101406809 1			172,000.00		171,337.26			01-Aug-2005		8.300%		CA - 86.43%		Paid Off - 360		01-Feb-2005

101415669 3			585,000.00		582,722.97			08-Aug-2005		8.250%		CA - 90.00%		Paid Off - 360		01-Feb-2005

101428407 2			161,000.00		160,288.26			13-Jul-2005		8.400%		OH - 70.00%		Paid Off - 360		01-Jan-2005

101447803 2			319,500.00		318,124.96			28-Jul-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Feb-2005

101452381 3			140,000.00		139,328.13			26-Jul-2005		7.200%		WA - 80.00%		Paid Off - 360		01-Feb-2005

101453702 3			382,500.00		381,706.76			22-Jul-2005		11.250%		NJ - 85.00%		Paid Off - 360		01-Feb-2005

101465789 2			128,355.00		127,828.52			10-Aug-2005		7.990%		OR - 88.83%		Paid Off - 360		01-Feb-2005



Page 24 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

101583425 1			178,000.00		177,145.27			01-Aug-2005		7.990%		FL - 72.65%		Paid Off - 360		01-Jan-2005


101621688 1			314,000.00		311,926.07			05-Aug-2005		6.500%		CA - 89.66%		Paid Off - 360		01-Jan-2005

101624807 1			110,500.00		110,129.57			29-Jul-2005		8.990%		RI - 85.00%		Paid Off - 360		01-Feb-2005

101639029 3			405,000.00		400,097.50			03-Aug-2005		6.450%		MD - 90.00%		Paid Off - 360		01-Feb-2005

101719268 1			193,167.00		192,304.32			27-Jul-2005		8.350%		CA - 89.97%		Paid Off - 360		01-Jan-2005

101727923 2			200,000.00		199,325.17			29-Jul-2005		8.950%		FL - 82.31%		Paid Off - 360		01-Feb-2005

101730125 3			360,000.00		358,105.02			27-Jul-2005		6.950%		IL - 90.00%		Paid Off - 360		01-Feb-2005

101749406 2			90,000.00		89,666.96			25-Jul-2005		8.500%		NY - 25.35%		Paid Off - 360		01-Feb-2005

101763407 2			171,000.00		170,511.46			04-Aug-2005		9.750%		NJ - 60.00%		Paid Off - 360		01-Feb-2005

101786804 3			570,000.00		568,192.47			26-Jul-2005		9.250%		PA - 63.33%		Paid Off - 360		01-Feb-2005

101819886 1			168,527.00		167,823.10			14-Jul-2005		7.900%		FL - 74.90%		Paid Off - 360		01-Feb-2005

101826824 1			124,500.00		124,057.80			20-Jul-2005		8.700%		MS - 75.00%		Paid Off - 360		01-Feb-2005

101832749 2			186,500.00		185,759.22			13-Jul-2005		8.150%		WI - 74.60%		Paid Off - 360		01-Feb-2005

101876381 2			273,000.00		271,765.19			27-Jul-2005		7.500%		NJ - 70.00%		Paid Off - 360		01-Feb-2005

101899409 2			130,500.00		128,159.08			10-Aug-2005		7.800%		NC - 90.00%		Paid Off - 180		01-Feb-2005

101927184 2			207,000.00		205,904.94			08-Aug-2005		6.700%		PA - 90.00%		Paid Off - 360		01-Feb-2005

101956522 1			253,500.00		252,226.25			15-Jul-2005		7.150%		CA - 65.00%		Paid Off - 360		01-Feb-2005

101981025 3			155,000.00		154,364.20			20-Jul-2005		7.990%		WY - 57.84%		Paid Off - 360		01-Feb-2005

101991461 2			100,100.00		99,625.78			20-Jul-2005		8.500%		MT - 65.00%		Paid Off - 360		01-Feb-2005

101993301 3			480,000.00		477,360.91			02-Aug-2005		6.500%		CA - 89.22%		Paid Off - 360		01-Feb-2005

102009107 1			183,000.00		181,964.44			26-Jul-2005		6.350%		MD - 79.57%		Paid Off - 360		01-Feb-2005

102048048 2			238,000.00		236,640.32			29-Jul-2005		6.300%		MN - 89.74%		Paid Off - 360		01-Feb-2005

102048469 2			230,000.00		229,056.57			26-Jul-2005		7.990%		NY - 63.89%		Paid Off - 360		01-Feb-2005

102048964 2			229,000.00		228,435.89			25-Jul-2005		10.450%		NJ - 84.82%		Paid Off - 360		01-Feb-2005

102068707 2			110,000.00		109,791.96			28-Jul-2005		11.800%		MA - 64.71%		Paid Off - 360		01-Feb-2005

102076726 3			599,999.00		597,493.06			21-Jul-2005		7.900%		NY - 88.24%		Paid Off - 360		01-Feb-2005

102110921 1			202,500.00		201,788.09			19-Jul-2005		8.750%		MI - 65.83%		Paid Off - 360		01-Feb-2005

102121605 1			315,000.00		313,424.93			26-Jul-2005		6.990%		MD - 69.23%		Paid Off - 360		01-Feb-2005

102128642 2			275,000.00		273,428.92			26-Jul-2005		6.300%		MA - 58.51%		Paid Off - 360		01-Feb-2005

102157021 1			213,000.00		211,747.85			09-Aug-2005		6.150%		FL - 74.22%		Paid Off - 360		01-Feb-2005

102188364 2			175,000.00		174,304.91			26-Jul-2005		8.150%		NJ - 51.47%		Paid Off - 360		01-Feb-2005

102217262 1			149,000.00		148,358.71			08-Aug-2005		7.750%		NY - 32.75%		Paid Off - 360		01-Feb-2005

102237245 1			65,000.00		64,791.06			29-Jul-2005		9.200%		MI - 65.00%		Paid Off - 360		01-Feb-2005

102241882 2			138,500.00		138,013.36			02-Aug-2005		9.050%		WI - 79.60%		Paid Off - 360		01-Feb-2005

102251048 2			148,750.00		148,333.89			20-Jul-2005		9.850%		FL - 85.00%		Paid Off - 360		01-Feb-2005

102259629 2			300,000.00		298,219.57			18-Jul-2005		6.100%		MA - 75.95%		Paid Off - 360		01-Feb-2005

102318508 2			136,850.00		136,600.99			01-Aug-2005		11.850%		PA - 85.00%		Paid Off - 360		01-Feb-2005

102407160 2			200,000.00		199,561.21			11-Jul-2005		10.990%		NJ - 80.00%		Paid Off - 360		01-Feb-2005



Page 25 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

102432465 2			122,738.00		122,387.36			02-Aug-2005		9.750%		NJ - 66.35%		Paid Off - 360		01-Feb-2005


102438827 1			107,100.00		106,719.57			28-Jul-2005		8.700%		VT - 90.00%		Paid Off - 360		01-Feb-2005

102440963 1			86,807.00		86,479.21			27-Jul-2005		8.400%		GA - 78.92%		Paid Off - 360		01-Feb-2005

102449444 1			201,200.00		200,455.57			01-Aug-2005		8.500%		FL - 82.12%		Paid Off - 360		01-Feb-2005

102473543 1			252,000.00		251,241.37			09-Aug-2005		9.500%		IL - 90.00%		Paid Off - 360		01-Feb-2005

102485224 1			77,000.00		76,649.23			05-Aug-2005		8.250%		PA - 47.83%		Paid Off - 360		01-Feb-2005

102486784 1			189,000.00		188,419.03			26-Jul-2005		9.400%		GA - 90.00%		Paid Off - 360		01-Feb-2005

102505724 1			214,500.00		213,722.38			02-Aug-2005		8.600%		NJ - 60.42%		Paid Off - 360		01-Feb-2005

102531068 2			291,500.00		290,257.88			29-Jul-2005		7.800%		CA - 68.59%		Paid Off - 360		01-Feb-2005

102541687 3			400,500.00		398,190.04			22-Jul-2005		6.250%		CA - 89.00%		Paid Off - 360		01-Feb-2005

102550365 3			400,000.00		397,714.79			28-Jul-2005		6.300%		MA - 76.34%		Paid Off - 360		01-Feb-2005

102552569 1			100,000.00		99,795.70			01-Aug-2005		11.350%		NJ - 84.75%		Paid Off - 360		01-Feb-2005

102577103 2			119,000.00		118,768.82			30-Jul-2005		11.550%		GA - 85.00%		Paid Off - 360		01-Feb-2005

102587706 1			328,200.00		326,288.88			13-Jul-2005		6.200%		MI - 82.26%		Paid Off - 360		01-Feb-2005

102600509 1			134,400.00		134,034.93			02-Aug-2005		9.990%		WI - 80.00%		Paid Off - 360		01-Feb-2005

102614864 3			650,000.00		646,000.87			01-Aug-2005		5.990%		MA - 31.71%		Paid Off - 360		01-Feb-2005

102615929 3			544,000.00		541,231.72			22-Jul-2005		6.900%		MD - 85.00%		Paid Off - 360		01-Feb-2005

102628906 2			208,000.00		207,198.49			28-Jul-2005		8.300%		MD - 80.00%		Paid Off - 360		01-Feb-2005

102629649 1			100,400.00		99,988.18			22-Jul-2005		7.990%		CA - 21.83%		Paid Off - 360		01-Feb-2005

102660420 3			392,000.00		389,823.90			18-Jul-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Feb-2005

102662343 1			60,000.00		59,823.10			10-Aug-2005		9.600%		MD - 75.00%		Paid Off - 360		01-Feb-2005

102701927 1			191,700.00		190,849.94			01-Aug-2005		7.600%		FL - 90.00%		Paid Off - 360		01-Feb-2005

102708864 1			212,000.00		211,368.45			28-Jul-2005		9.550%		FL - 83.14%		Paid Off - 360		01-Feb-2005

102835121 3			360,000.00		359,013.12			09-Aug-2005		9.990%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

102875267 2			78,000.00		77,621.99			14-Jul-2005		7.150%		ME - 46.15%		Paid Off - 360		01-Feb-2005

102880341 2			171,500.00		170,626.78			01-Aug-2005		6.900%		MD - 89.46%		Paid Off - 360		01-Feb-2005

102890084 2			225,000.00		224,225.07			15-Jul-2005		8.850%		CA - 72.58%		Paid Off - 360		01-Feb-2005

102916467 1			100,000.00		99,742.91			01-Aug-2005		10.250%		IL - 67.11%		Paid Off - 360		01-Feb-2005

102919149 2			160,000.00		159,425.82			21-Jul-2005		8.650%		NY - 47.06%		Paid Off - 360		01-Feb-2005

102954344 1			209,000.00		208,323.34			18-Jul-2005		9.150%		NJ - 74.64%		Paid Off - 360		01-Feb-2005

102958063 1			240,000.00		239,181.80			30-Jul-2005		8.900%		NY - 47.06%		Paid Off - 360		01-Feb-2005

102973567 1			145,800.00		145,347.12			02-Aug-2005		9.350%		FL - 90.00%		Paid Off - 360		01-Feb-2005

103034229 1			169,500.00		168,897.98			25-Jul-2005		8.700%		MD - 75.00%		Paid Off - 360		01-Feb-2005

103037081 3			399,500.00		398,163.10			02-Aug-2005		8.990%		NY - 85.00%		Paid Off - 360		01-Feb-2005

103055984 1			173,000.00		172,736.26			18-Jul-2005		12.650%		CA - 81.60%		Paid Off - 360		01-Feb-2005

103123006 1			265,000.00		263,429.88			12-Jul-2005		6.500%		NV - 71.62%		Paid Off - 360		01-Feb-2005

103124962 1			64,000.00		63,749.17			01-Aug-2005		8.990%		OK - 80.00%		Paid Off - 360		01-Feb-2005

103154662 3			392,000.00		390,137.23			29-Jul-2005		7.250%		NJ - 83.40%		Paid Off - 360		01-Feb-2005



Page 26 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

103155586 2			63,500.00		63,209.93			15-Jul-2005		7.450%		FL - 83.55%		Paid Off - 360		01-Feb-2005


103185369 2			194,400.00		193,289.37			20-Jul-2005		6.300%		MD - 86.40%		Paid Off - 360		01-Feb-2005

103190203 2			300,000.00		298,759.51			09-Aug-2005		7.950%		NJ - 52.17%		Paid Off - 360		01-Feb-2005

103198982 1			188,000.00		187,106.80			30-Jul-2005		7.700%		NY - 80.00%		Paid Off - 360		01-Feb-2005

103207189 1			129,500.00		128,942.62			01-Aug-2005		7.750%		MN - 71.94%		Paid Off - 360		01-Feb-2005

103221784 1			350,000.00		348,166.28			21-Jul-2005		6.750%		CA - 71.43%		Paid Off - 360		01-Feb-2005

103243267 3			225,000.00		224,133.01			14-Jul-2005		8.300%		MD - 90.00%		Paid Off - 360		01-Feb-2005

103277828 3			400,500.00		398,339.99			03-Aug-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Feb-2005

103280582 2			100,000.00		99,598.79			02-Aug-2005		8.100%		FL - 80.00%		Paid Off - 360		01-Feb-2005

103292504 2			311,000.00		309,507.53			29-Jul-2005		7.200%		NY - 88.86%		Paid Off - 360		01-Feb-2005

103331765 1			214,200.00		212,999.45			28-Jul-2005		6.400%		NY - 90.00%		Paid Off - 360		01-Feb-2005

103345385 2			75,000.00		74,618.30			26-Jul-2005		6.900%		FL - 51.37%		Paid Off - 360		01-Feb-2005

103354585 2			135,000.00		134,430.45			29-Jul-2005		7.850%		MD - 90.00%		Paid Off - 360		01-Feb-2005

103385860 2			78,000.00		77,761.94			11-Jul-2005		9.900%		LA - 60.00%		Paid Off - 360		01-Feb-2005

103392049 2			575,000.00		572,267.65			20-Jul-2005		7.250%		CA - 79.31%		Paid Off - 360		01-Feb-2005

103413902 1			236,000.00		234,664.56			04-Aug-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Feb-2005

103451928 1			72,000.00		71,781.29			01-Aug-2005		9.650%		MD - 82.76%		Paid Off - 360		01-Feb-2005

103463980 2			285,000.00		284,267.42			26-Jul-2005		10.250%		NY - 75.00%		Paid Off - 360		01-Feb-2005

103482204 1			102,750.00		102,396.06			14-Jul-2005		8.850%		PA - 75.00%		Paid Off - 360		01-Feb-2005

103518387 2			226,085.00		224,940.70			#######		7.250%		MD - 85.00%		Paid Off - 360		01-Feb-2005

103523668 3			108,000.00		107,467.76			26-Jul-2005		7.600%		NY - 33.23%		Paid Off - 360		01-Feb-2005

103532925 1			191,000.00		189,979.54			02-Aug-2005		6.900%		CA - 65.86%		Paid Off - 360		01-Feb-2005

103535407 2			123,600.00		123,220.08			14-Jul-2005		9.400%		GA - 75.00%		Paid Off - 360		01-Feb-2005

103559563 1			78,749.00		78,485.44			01-Aug-2005		8.990%		FL - 70.31%		Paid Off - 360		01-Feb-2005

103565362 2			194,300.00		193,221.39			19-Jul-2005		6.450%		FL - 80.96%		Paid Off - 360		01-Feb-2005

103585782 1			272,000.00		270,574.96			18-Jul-2005		6.750%		WI - 88.03%		Paid Off - 360		01-Feb-2005

103664728 3			390,000.00		388,287.75			05-Aug-2005		7.650%		CA - 85.58%		Paid Off - 360		01-Feb-2005

103691267 1			209,000.00		208,589.52			29-Jul-2005		11.500%		CA - 55.00%		Paid Off - 360		01-Feb-2005

103692208 2			215,000.00		212,349.39			29-Jul-2005		6.550%		CA - 83.66%		Paid Off - 240		01-Feb-2005

103741260 1			117,240.00		116,750.31			01-Aug-2005		7.900%		VT - 63.37%		Paid Off - 360		01-Feb-2005

103748083 2			137,963.00		137,534.26			13-Jul-2005		9.350%		IL - 63.58%		Paid Off - 360		01-Feb-2005

103799847 2			331,625.00		329,656.85			21-Jul-2005		6.100%		CA - 87.50%		Paid Off - 360		01-Feb-2005

103814901 1			240,000.00		239,079.18			27-Jul-2005		8.350%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

103820346 1			92,200.00		91,825.31			18-Jul-2005		8.050%		MI - 64.48%		Paid Off - 360		01-Feb-2005

103833844 1			164,000.00		163,380.74			05-Aug-2005		8.400%		MD - 89.62%		Paid Off - 360		01-Feb-2005

103881884 2			129,000.00		128,422.28			19-Jul-2005		7.550%		ME - 56.09%		Paid Off - 360		01-Feb-2005

103892063 2			99,500.00		99,091.80			10-Aug-2005		7.990%		FL - 86.52%		Paid Off - 360		01-Feb-2005

103929964 2			186,750.00		186,125.06			19-Jul-2005		8.990%		WA - 75.00%		Paid Off - 360		01-Feb-2005



Page 27 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

104008164 2			102,750.00		102,345.98			05-Aug-2005		8.200%		FL - 74.46%		Paid Off - 360		01-Feb-2005


104008644 2			86,625.00		86,411.60			21-Jul-2005		10.450%		IL - 78.75%		Paid Off - 360		01-Feb-2005

104036546 2			219,000.00		218,340.70			26-Jul-2005		9.500%		CO - 84.88%		Paid Off - 360		01-Feb-2005

104051925 3			540,000.00		537,299.89			18-Jul-2005		6.990%		MN - 90.00%		Paid Off - 360		01-Feb-2005

104055660 1			118,500.00		118,177.15			04-Aug-2005		9.990%		NY - 48.57%		Paid Off - 360		01-Feb-2005

104061080 1			185,000.00		184,329.30			09-Aug-2005		8.600%		NY - 48.68%		Paid Off - 360		01-Feb-2005

104072061 2			260,000.00		257,826.47			04-Aug-2005		6.750%		CA - 73.24%		Paid Off - 360		01-Feb-2005

104113402 2			167,400.00		166,572.69			08-Aug-2005		7.050%		CA - 90.00%		Paid Off - 360		01-Feb-2005

104132584 1			317,000.00		315,315.33			03-Aug-2005		6.990%		WI - 86.14%		Paid Off - 360		01-Feb-2005

104188883 1			218,300.00		217,178.23			28-Jul-2005		6.850%		MI - 89.47%		Paid Off - 360		01-Feb-2005

104202569 2			144,500.00		143,813.32			14-Jul-2005		7.250%		MI - 85.00%		Paid Off - 360		01-Feb-2005

104215108 2			186,651.00		185,789.86			19-Jul-2005		7.400%		WI - 82.96%		Paid Off - 360		01-Feb-2005

104237342 2			283,739.00		282,252.45			01-Aug-2005		6.750%		NV - 84.45%		Paid Off - 360		01-Feb-2005

104238423 1			133,000.00		132,327.49			28-Jul-2005		8.100%		MN - 95.00%		Paid Off - 360		01-Feb-2005

104299284 3			452,000.00		450,180.08			29-Jul-2005		7.150%		CO - 74.10%		Paid Off - 360		01-Mar-2005

104378765 2			212,500.00		211,846.78			20-Jul-2005		9.400%		MD - 80.19%		Paid Off - 360		01-Feb-2005

104402045 2			178,000.00		177,321.05			09-Aug-2005		8.350%		NJ - 84.76%		Paid Off - 360		01-Feb-2005

104430467 1			170,850.00		170,038.13			13-Jul-2005		7.250%		FL - 85.00%		Paid Off - 360		01-Feb-2005

104469242 2			234,000.00		233,040.17			26-Jul-2005		7.990%		MD - 86.67%		Paid Off - 360		01-Feb-2005

104472220 2			114,500.00		114,076.36			29-Jul-2005		8.500%		MN - 67.35%		Paid Off - 360		01-Feb-2005

104483524 1			117,000.00		116,530.56			01-Aug-2005		8.100%		FL - 90.00%		Paid Off - 360		01-Feb-2005

104549084 1			90,000.00		89,689.48			29-Jul-2005		8.850%		PA - 75.00%		Paid Off - 360		01-Feb-2005

104558341 1			100,169.00		99,864.26			29-Jul-2005		9.450%		MD - 66.78%		Paid Off - 360		01-Feb-2005

104573027 2			102,850.00		102,636.66			14-Jul-2005		11.250%		SC - 85.00%		Paid Off - 360		01-Feb-2005

104575444 2			129,000.00		128,290.70			22-Jul-2005		6.500%		MA - 51.60%		Paid Off - 360		01-Feb-2005

104598503 1			105,000.00		104,762.59			30-Jul-2005		10.850%		NY - 84.00%		Paid Off - 360		01-Feb-2005

104629266 2			249,000.00		247,732.89			11-Jul-2005		6.900%		FL - 73.47%		Paid Off - 360		01-Feb-2005

104630728 2			221,000.00		220,252.46			09-Aug-2005		8.950%		NY - 85.00%		Paid Off - 360		01-Feb-2005

104641048 2			176,000.00		175,104.37			29-Jul-2005		6.900%		MI - 80.00%		Paid Off - 360		01-Feb-2005

104657440 1			205,000.00		204,264.40			22-Jul-2005		8.650%		CA - 67.21%		Paid Off - 360		01-Feb-2005

104747266 1			88,500.00		88,249.78			02-Aug-2005		9.800%		MN - 59.84%		Paid Off - 360		01-Feb-2005

104779129 3			701,250.00		697,357.23			15-Jul-2005		6.450%		CA - 85.00%		Paid Off - 360		01-Feb-2005

104780143 3			232,900.00		232,241.03			13-Jul-2005		9.100%		FL - 84.69%		Paid Off - 360		01-Mar-2005

104986427 1			211,200.00		210,306.93			19-Jul-2005		6.900%		FL - 80.00%		Paid Off - 360		01-Mar-2005

105047427 2			91,600.00		91,259.23			10-Aug-2005		7.550%		CA - 64.93%		Paid Off - 360		01-Mar-2005

105520761 1			87,500.00		87,136.43			18-Jul-2005		6.990%		PA - 76.75%		Paid Off - 360		01-Mar-2005

105952782 3			495,000.00		493,313.61			04-Aug-2005		7.990%		RI - 90.00%		Paid Off - 360		01-Mar-2005

106244825 2			248,500.00		247,438.96			27-Jul-2005		6.850%		CA - 36.54%		Paid Off - 360		01-Mar-2005



Page 28 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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

106350184 1			193,000.00		192,419.03			30-Jul-2005		8.600%		CA - 50.13%		Paid Off - 360		01-Mar-2005


106548761 3			536,000.00		534,231.91			09-Aug-2005		8.150%		CA - 80.00%		Paid Off - 360		01-Mar-2005

106709926 2			133,000.00		132,443.04			30-Jul-2005		6.950%		MD - 71.74%		Paid Off - 360		01-Mar-2005

106837180 2			254,999.00		254,381.53			02-Aug-2005		9.650%		NY - 57.95%		Paid Off - 360		01-Mar-2005

106907983 1			225,000.00		224,413.84			01-Aug-2005		9.300%		CA - 89.29%		Paid Off - 360		01-Mar-2005

107107708 3			184,000.00		183,443.69			29-Jul-2005		8.600%		FL - 89.76%		Paid Off - 360		01-Mar-2005

107220907 2			202,000.00		201,270.63			28-Jul-2005		7.700%		NY - 35.13%		Paid Off - 360		01-Mar-2005

107544181 3			427,888.00		426,085.52			04-Aug-2005		6.990%		MD - 83.90%		Paid Off - 360		01-Mar-2005

107895229 1			98,980.00		98,588.45			09-Aug-2005		7.250%		KS - 82.50%		Paid Off - 360		01-Mar-2005

85264307 1			63,000.00		62,024.26			27-Jul-2005		9.800%		FL - 70.00%		Repur/Subs - 240		01-Sep-2004

94471208 1			60,000.00		59,752.47			27-Jul-2005		9.990%		CA - 53.57%		Repur/Subs - 360		01-Nov-2004

103102729 1			115,900.00		114,632.05			27-Jul-2005		7.550%		GA - 95.00%		Repur/Subs - 240		01-Feb-2005

103691200 1			106,400.00		105,141.53			27-Jul-2005		6.900%		IN - 95.00%		Repur/Subs - 240		01-Feb-2005



TOTAL			58,191,446.00		57,902,361.69



Page 29 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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 30 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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 31 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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 32 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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 33 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 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								30,166,400.38
						Ending Balance								1,250,847,849.69
						Delinquency Percentage								2.411676%

						Certificate Balances of Mezzanine and C Classes								277,500,006.30
						Credit Enhancement Percentage								22.184953%
						Credit Enhancement Percentage - Prior Month								21.183935%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current LIBOR Rate														3.460000%
Next LIBOR Rate														3.641250%




Page 34 of 35
Ameriquest Mortgage Securities, Inc. 2005-R1

Mortgage Pass-Through Certificates

2005-R1

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

			A-1A							3.95%			$0.00		$0.00

			A-1B							3.94%			$0.00		$0.00

			A-2A							3.89%			$0.00		$0.00

			A-2B							3.94%			$0.00		$0.00

			A-3A							3.74%			$0.00		$0.00

			A-3B							3.85%			$0.00		$0.00

			A-3C							3.99%			$0.00		$0.00

			A-3D							3.95%			$0.00		$0.00

			M-1							4.09%			$0.00		$0.00

			M-2							4.12%			$0.00		$0.00

			M-3							4.17%			$0.00		$0.00

			M-4							4.38%			$0.00		$0.00

			M-5							4.42%			$0.00		$0.00

			M-6							4.64%			$0.00		$0.00

			M-7							4.99%			$0.00		$0.00

			M-8							5.39%			$0.00		$0.00

			M-9							6.39%			$0.00		$0.00

			M-10							6.39%			$0.00		$0.00







Page 35 of 35

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