

                                       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 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
     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-R2

Mortgage Pass-Through Certificates

2005-R2

August 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					27
										11. Realized Loss Detail Report					30
				Servicer(s)
										12. Triggers and Adj. Cert. Report					31
				Ameriquest Mortgage Corp
										13. Additional Certificate Report					32



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

										Total Number of Pages					32



				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:			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 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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	$	258,089,000.00		233,913,577.87		760,381.57		12,706,942.88		13,467,324.45		0.00		0.00		221,206,634.99

A-1B	SR	$	64,523,000.00		58,479,074.22		188,838.68		3,176,772.65		3,365,611.33		0.00		0.00		55,302,301.57
A-2A	SR	$	258,048,000.00		238,512,772.91		761,982.06		11,340,486.27		12,102,468.33		0.00		0.00		227,172,286.64
A-2B	SR	$	64,511,000.00		59,627,268.93		193,059.85		2,835,077.62		3,028,137.47		0.00		0.00		56,792,191.31
A-3A	SR	$	124,645,000.00		88,831,415.00		272,317.64		14,497,675.57		14,769,993.21		0.00		0.00		74,333,739.43
A-3B	SR	$	139,369,000.00		139,369,000.00		439,244.63		0.00		439,244.63		0.00		0.00		139,369,000.00
A-3C	SR	$	26,352,000.00		26,352,000.00		86,229.60		0.00		86,229.60		0.00		0.00		26,352,000.00
A-3D	SR	$	32,263,000.00		28,283,699.08		91,576.33		1,610,858.39		1,702,434.72		0.00		0.00		26,672,840.69
M-1	MEZ	$	31,200,000.00		31,200,000.00		105,048.67		0.00		105,048.67		0.00		0.00		31,200,000.00
M-2	MEZ	$	49,800,000.00		49,800,000.00		168,960.33		0.00		168,960.33		0.00		0.00		49,800,000.00
M-3	MEZ	$	16,800,000.00		16,800,000.00		57,577.33		0.00		57,577.33		0.00		0.00		16,800,000.00
M-4	MEZ	$	28,800,000.00		28,800,000.00		103,168.00		0.00		103,168.00		0.00		0.00		28,800,000.00
M-5	MEZ	$	16,800,000.00		16,800,000.00		60,615.33		0.00		60,615.33		0.00		0.00		16,800,000.00
M-6	MEZ	$	12,000,000.00		12,000,000.00		43,813.33		0.00		43,813.33		0.00		0.00		12,000,000.00
M-7	MEZ	$	19,200,000.00		19,200,000.00		78,202.67		0.00		78,202.67		0.00		0.00		19,200,000.00
M-8	MEZ	$	9,000,000.00		9,000,000.00		37,277.50		0.00		37,277.50		0.00		0.00		9,000,000.00
M-9	MEZ	$	13,200,000.00		13,200,000.00		62,062.00		0.00		62,062.00		0.00		0.00		13,200,000.00
M-10	MEZ	$	7,800,000.00		7,800,000.00		40,031.33		0.00		40,031.33		0.00		0.00		7,800,000.00
M-11	MEZ	$	12,000,000.00		12,000,000.00		61,586.67		0.00		61,586.67		0.00		0.00		12,000,000.00
CE	SUB	$	15,600,337.10		15,600,005.68		2,858,800.30		0.00		2,858,800.30		0.00		0.00		15,600,005.68
P	SUB	$	100.00		100.00		686,592.24		0.00		686,592.24		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		1,105,568,913.69		7,157,366.06		46,167,813.38		53,325,179.44		0.00		0.00		1,059,401,100.31






Page 2 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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		03072SYJ8		258,089,000.00		906.329126		2.946199		49.234733		52.180932	857.094394
A-1B	07/25/05		08/24/05		A-Act/360		03072SYK5		64,523,000.00		906.329126		2.926688		49.234733		52.161420	857.094394
A-2A	07/25/05		08/24/05		A-Act/360		03072SYL3		258,048,000.00		924.296150		2.952869		43.947197		46.900066	880.348953
A-2B	07/25/05		08/24/05		A-Act/360		03072SYM1		64,511,000.00		924.296150		2.992666		43.947197		46.939863	880.348953
A-3A	07/25/05		08/24/05		A-Act/360		03072SYN9		124,645,000.00		712.675318		2.184746		116.311730		118.496476	596.363588
A-3B	07/25/05		08/24/05		A-Act/360		03072SYP4		139,369,000.00		1,000.000000		3.151667		0.000000		3.151667	1,000.000000
A-3C	07/25/05		08/24/05		A-Act/360		03072SYQ2		26,352,000.00		1,000.000000		3.272222		0.000000		3.272222	1,000.000000
A-3D	07/25/05		08/24/05		A-Act/360		03072SZC2		32,263,000.00		876.660542		2.838432		49.928971		52.767403	826.731571
M-1	07/25/05		08/24/05		A-Act/360		03072SYR0		31,200,000.00		1,000.000000		3.366945		0.000000		3.366945	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		03072SYS8		49,800,000.00		1,000.000000		3.392778		0.000000		3.392778	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		03072SYT6		16,800,000.00		1,000.000000		3.427222		0.000000		3.427222	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		03072SYU3		28,800,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		03072SYV1		16,800,000.00		1,000.000000		3.608055		0.000000		3.608055	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		03072SYW9		12,000,000.00		1,000.000000		3.651111		0.000000		3.651111	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		03072SYX7		19,200,000.00		1,000.000000		4.073056		0.000000		4.073056	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		03072SYY5		9,000,000.00		1,000.000000		4.141944		0.000000		4.141944	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		03072SYZ2		13,200,000.00		1,000.000000		4.701667		0.000000		4.701667	1,000.000000
M-10	07/25/05		08/24/05		A-Act/360		03072SZD0		7,800,000.00		1,000.000000		5.132222		0.000000		5.132222	1,000.000000
M-11	07/25/05		08/24/05		A-Act/360		03072SZE8		12,000,000.00		1,000.000000		5.132223		0.000000		5.132223	1,000.000000
CE	07/01/05		07/30/05		F-30/360				1,215,600,774.20		12.833165		2.351759		0.000000		2.351759	12.833165
P	07/01/05		07/30/05		F-30/360				100.00		1,000.000000		6,865,922.400000		0.000000		6,865,922.400000	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 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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	258,089,000.00		3,662,306.40		35,605,339.61		1,277,025.40		36,882,365.01		40,544,671.41		0.00		0.00		221,206,634.99
A-1B	64,523,000.00		908,950.90		8,901,438.37		319,260.06		9,220,698.43		10,129,649.33		0.00		0.00		55,302,301.57
A-2A	258,048,000.00		3,624,193.43		29,563,105.18		1,312,608.18		30,875,713.36		34,499,906.79		0.00		0.00		227,172,286.64
A-2B	64,511,000.00		919,414.41		7,390,661.73		328,146.96		7,718,808.69		8,638,223.10		0.00		0.00		56,792,191.31
A-3A	124,645,000.00		1,502,892.63		48,934,474.87		1,376,785.70		50,311,260.57		51,814,153.20		0.00		0.00		74,333,739.43
A-3B	139,369,000.00		1,992,328.78		0.00		0.00		0.00		1,992,328.78		0.00		0.00		139,369,000.00
A-3C	26,352,000.00		392,493.01		0.00		0.00		0.00		392,493.01		0.00		0.00		26,352,000.00
A-3D	32,263,000.00		448,476.52		5,437,182.59		152,976.72		5,590,159.31		6,038,635.83		0.00		0.00		26,672,840.69
M-1	31,200,000.00		479,381.62		0.00		0.00		0.00		479,381.62		0.00		0.00		31,200,000.00
M-2	49,800,000.00		771,557.82		0.00		0.00		0.00		771,557.82		0.00		0.00		49,800,000.00
M-3	16,800,000.00		263,159.23		0.00		0.00		0.00		263,159.23		0.00		0.00		16,800,000.00
M-4	28,800,000.00		473,306.11		0.00		0.00		0.00		473,306.11		0.00		0.00		28,800,000.00
M-5	16,800,000.00		278,251.23		0.00		0.00		0.00		278,251.23		0.00		0.00		16,800,000.00
M-6	12,000,000.00		201,317.54		0.00		0.00		0.00		201,317.54		0.00		0.00		12,000,000.00
M-7	19,200,000.00		362,353.41		0.00		0.00		0.00		362,353.41		0.00		0.00		19,200,000.00
M-8	9,000,000.00		172,933.16		0.00		0.00		0.00		172,933.16		0.00		0.00		9,000,000.00
M-9	13,200,000.00		290,338.64		0.00		0.00		0.00		290,338.64		0.00		0.00		13,200,000.00
M-10	7,800,000.00		188,247.07		0.00		0.00		0.00		188,247.07		0.00		0.00		7,800,000.00
M-11	12,000,000.00		289,610.89		0.00		0.00		0.00		289,610.89		0.00		0.00		12,000,000.00
CE	15,600,337.10		16,802,462.37		0.00		0.00		331.44		16,802,793.81		0.00		0.00		15,600,005.68
P	100.00		1,711,057.79		0.00		0.00		0.00		1,711,057.79		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		35,735,032.96		135,832,202.35		4,766,803.02		140,599,336.81		176,334,369.77		0.00		0.00		1,059,401,100.31



Page 4 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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	3.77500%		233,913,577.87		760,381.57		0.00		0.00		0.00		760,381.57		760,381.57		0.00
A-1B	3.75000%		58,479,074.22		188,838.68		0.00		0.00		0.00		188,838.68		188,838.68		0.00
A-2A	3.71000%		238,512,772.91		761,982.06		0.00		0.00		0.00		761,982.06		761,982.06		0.00
A-2B	3.76000%		59,627,268.93		193,059.85		0.00		0.00		0.00		193,059.85		193,059.85		0.00
A-3A	3.56000%		88,831,415.00		272,317.64		0.00		0.00		0.00		272,317.64		272,317.64		0.00
A-3B	3.66000%		139,369,000.00		439,244.63		0.00		0.00		0.00		439,244.63		439,244.63		0.00
A-3C	3.80000%		26,352,000.00		86,229.60		0.00		0.00		0.00		86,229.60		86,229.60		0.00
A-3D	3.76000%		28,283,699.08		91,576.33		0.00		0.00		0.00		91,576.33		91,576.33		0.00
M-1	3.91000%		31,200,000.00		105,048.67		0.00		0.00		0.00		105,048.67		105,048.67		0.00
M-2	3.94000%		49,800,000.00		168,960.33		0.00		0.00		0.00		168,960.33		168,960.33		0.00
M-3	3.98000%		16,800,000.00		57,577.33		0.00		0.00		0.00		57,577.33		57,577.33		0.00
M-4	4.16000%		28,800,000.00		103,168.00		0.00		0.00		0.00		103,168.00		103,168.00		0.00
M-5	4.19000%		16,800,000.00		60,615.33		0.00		0.00		0.00		60,615.33		60,615.33		0.00
M-6	4.24000%		12,000,000.00		43,813.33		0.00		0.00		0.00		43,813.33		43,813.33		0.00
M-7	4.73000%		19,200,000.00		78,202.67		0.00		0.00		0.00		78,202.67		78,202.67		0.00
M-8	4.81000%		9,000,000.00		37,277.50		0.00		0.00		0.00		37,277.50		37,277.50		0.00
M-9	5.46000%		13,200,000.00		62,062.00		0.00		0.00		0.00		62,062.00		62,062.00		0.00
M-10	5.96000%		7,800,000.00		40,031.33		0.00		0.00		0.00		40,031.33		40,031.33		0.00
M-11	5.96000%		12,000,000.00		61,586.67		0.00		0.00		0.00		61,586.67		61,586.67		0.00
CE	219.90764%		15,600,005.68		0.00		0.00		0.00		0.00		0.00		2,858,800.30		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		686,592.24		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,105,568,913.69		3,611,973.52		0.00		0.00		0.00		3,611,973.52		7,157,366.06		0.00



Page 5 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								16,108,363.22		14,175,413.64		15,883,547.18		46,167,324.04
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								16,108,363.22		14,175,413.64		15,883,547.18		46,167,324.04
Interest Collections								2,140,745.59		2,233,344.78		2,206,931.10		6,565,111.01
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-28,189.49		-32,343.71		-33,314.66		-93,847.85
Interest Other Accounts														686,592.24
TOTAL NET INTEREST								2,112,556.11		2,201,001.08		2,173,616.44		7,157,855.40
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														53,325,179.44



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									290,044.09		317,106.82		305,365.03		912,515.94
Curtailments									43,542.33		41,466.79		50,546.56		135,555.68
Prepayments In Full									15,774,776.80		13,741,515.39		15,527,635.59		45,043,927.78
Repurchased/Substitutions									0.00		0.00		0.00		0.00
Liquidations									0.00		75,813.99		0.00		75,813.99
Insurance Principal									0.00		0.00		0.00		0.00
Other Additional Principal									0.00		0.00		0.00		0.00
Delinquent Principal									-240,218.47		-254,735.32		-239,604.11		-734,557.90
Realized Losses									-0.00		-489.35		-0.00		-489.35
Advanced Principal									240,218.47		254,735.32		239,604.11		734,557.90
TOTAL PRINCIPAL COLLECTED									16,108,363.22		14,175,413.64		15,883,547.18		46,167,324.04


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 6 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								2,247,400.17		2,357,738.93		2,328,283.70		6,933,422.80
Repurchased/Substitution Interest								0.00		0.00		0.00		0.00
Liquidation Interest								0.00		606.51		0.00		606.51
Insurance Interest								0.00		0.00		0.00		0.00
Other Additional Interest								0.00		0.00		0.00		0.00
Prepayment Interest Shortfalls								-14,576.69		-18,385.43		-15,960.24		-48,922.36
Delinquent Interest								-1,843,069.48		-1,901,384.36		-1,854,863.08		-5,599,316.92
Compensating Interest								14,576.69		18,385.44		15,960.24		48,922.36
Civil Relief Act Shortfalls								-83.08		-278.89		-0.00		-361.97
Interest Advanced								1,720,587.51		1,776,662.59		1,733,510.48		5,230,760.58
TOTAL INTEREST COLLECTED								2,140,745.59		2,233,344.78		2,206,931.10		6,565,111.01


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														686,592.24
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														686,592.24



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								27,619.10		31,749.12		32,729.15		92,097.37
Trustee Fees								570.38		594.59		585.51		1,750.48
TOTAL INTEREST FEES								28,189.49		32,343.71		33,314.66		93,847.85




Page 7 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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														15,600,005.68
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														489.34
Overcollateralization Target Amount														15,600,005.68

Credit Enhancement Percentage														21.92%
Class A Certificate Defiency Amount														0.00




Page 8 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 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								1,584		2,512		2,310		6,406
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-62		-75		-73		-210
Repurchases								-0		-0		-0		-0
Liquidations								-0		-1		-0		-1
Current								1,522		2,436		2,237		6,195
Principal Balance:


Original								400,035,619.04		399,949,167.75		400,015,650.31		1,200,000,437.10
Prior								360,242,567.46		375,530,129.63		369,796,216.61		1,105,568,913.70
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-290,044.09		-317,106.82		-305,365.03		-912,515.94
Partial Prepayments								-43,542.33		-41,466.79		-50,546.56		-135,555.68
Full Voluntary Prepayments								-15,774,776.80		-13,741,515.39		-15,527,635.59		-45,043,927.78
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-0.00		-75,813.99		-0.00		-75,813.99
Current								344,134,204.24		361,354,226.64		353,912,669.43		1,059,401,100.31





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 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								7.49724%		7.53958%		7.56743%		7.53499%
Weighted Average Coupon Current								7.48629%		7.53605%		7.55535%		7.52629%
Weighted Average Months to Maturity Original								354		351		352		352
Weighted Average Months to Maturity Prior								351		347		348		349
Weighted Average Months to Maturity Current								350		346		347		348
Weighted Avg Remaining Amortization Term Original								354		351		352		352
Weighted Avg Remaining Amortization Term Prior								351		347		348		349
Weighted Avg Remaining Amortization Term Current								350		346		347		348
Weighted Average Seasoning Original								2.11		2.16		2.14		2.14
Weighted Average Seasoning Prior								5.11		5.15		5.14		5.14
Weighted Average Seasoning Current								6.11		6.16		6.14		6.14









Page 10 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 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								5.81152%		5.81803%		5.88698%		5.83886%
Weighted Average Margin Current								5.81512%		5.82196%		5.88342%		5.84024%
Weighted Average Max Rate Original								13.75783%		13.76170%		13.80585%		13.77508%
Weighted Average Max Rate Prior								13.74393%		13.75212%		13.79937%		13.76517%
Weighted Average Max Rate Current								13.73891%		13.75366%		13.79152%		13.76150%
Weighted Average Min Rate Original								7.75783%		7.76170%		7.80585%		7.77508%
Weighted Average Min Rate Prior								7.74393%		7.75212%		7.79937%		7.76517%
Weighted Average Min Rate Current								7.73891%		7.75366%		7.79152%		7.76150%
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								27,619.10		31,749.12		32,729.15		92,097.37
Delinquent Servicing Fees								122,481.97		124,721.78		121,352.60		368,556.35
TOTAL SERVICING FEES								150,101.07		156,470.89		154,081.76		460,653.72


Total Servicing Fees								150,101.07		156,470.89		154,081.76		460,653.72
Compensating Interest								-14,576.69		-18,385.44		-15,960.24		-48,922.36
Delinquent Servicing Fees								-122,481.97		-124,721.78		-121,352.60		-368,556.35
COLLECTED SERVICING FEES								27,619.10		31,749.12		32,729.15		43,175.02


Total Advanced Interest								1,720,587.51		1,776,662.59		1,733,510.48		5,230,760.58
Total Advanced Principal								240,218.47		254,735.32		239,604.11		734,557.90
Aggregate Advances with respect to this Distribution								1,960,805.99		2,031,397.91		1,973,114.59		5,965,318.48





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								14,576.69		18,385.43		15,960.24		48,922.36
Compensating Interest								-14,576.69		-18,385.44		-15,960.24		-48,922.36
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								344,134,204.24		361,354,226.64		353,912,669.43		1,059,401,100.31
Weighted Average Net Mortgage Rate								6.984390%		7.034152%		7.053452%		7.024393%




Page 11 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				15,227,019.11		6,378,031.23		981,323.58		22,586,373.92
			% Balance				1.44%		0.60%		0.09%		2.13%
			# Loans				94		39		9		142
			% # Loans				1.52%		0.63%		0.15%		2.29%
	FORECLOSURE		Balance		0.00		0.00		825,880.74		3,874,609.44		4,700,490.18
			% Balance		0.00%		0.00%		0.08%		0.37%		0.44%
			# Loans		0		0		5		27		32
			% # Loans		0.00%		0.00%		0.08%		0.44%		0.52%
	BANKRUPTCY		Balance		1,821,187.24		83,676.32		89,898.11		150,745.85		2,145,507.52
			% Balance		0.17%		0.01%		0.01%		0.01%		0.20%
			# Loans		14		1		1		1		17
			% # Loans		0.23%		0.02%		0.02%		0.02%		0.27%
	REO		Balance		0.00		0.00		0.00		135,086.31		135,086.31
			% 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		1,821,187.24		15,310,695.43		7,293,810.08		5,141,765.18		29,567,457.93
			% Balance		0.17%		1.45%		0.69%		0.49%		2.79%
			# Loans		14		95		45		38		192
			% # Loans		0.23%		1.53%		0.73%		0.61%		3.10%









Page 12 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,856,455.74		2,703,731.82		330,063.69		9,890,251.25
			% Balance				1.94%		0.76%		0.09%		2.79%
			# Loans				43		19		3		65
			% # Loans				1.92%		0.85%		0.13%		2.91%
	FORECLOSURE		Balance		0.00		0.00		282,939.21		1,548,299.90		1,831,239.11
			% Balance		0.00%		0.00%		0.08%		0.44%		0.52%
			# Loans		0		0		1		10		11
			% # Loans		0.00%		0.00%		0.04%		0.45%		0.49%
	BANKRUPTCY		Balance		1,072,792.19		0.00		89,898.11		0.00		1,162,690.30
			% Balance		0.30%		0.00%		0.03%		0.00%		0.33%
			# Loans		8		0		1		0		9
			% # Loans		0.36%		0.00%		0.04%		0.00%		0.40%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		1,072,792.19		6,856,455.74		3,076,569.14		1,878,363.59		12,884,180.66
			% Balance		0.30%		1.94%		0.87%		0.53%		3.64%
			# Loans		8		43		21		13		85
			% # Loans		0.36%		1.92%		0.94%		0.58%		3.80%










Page 13 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,617,964.33		2,436,241.43		358,198.43		6,412,404.19
			% Balance				1.00%		0.67%		0.10%		1.77%
			# Loans				29		15		4		48
			% # Loans				1.19%		0.62%		0.16%		1.97%
	FORECLOSURE		Balance		0.00		0.00		279,936.67		1,790,037.55		2,069,974.22
			% Balance		0.00%		0.00%		0.08%		0.50%		0.57%
			# Loans		0		0		2		14		16
			% # Loans		0.00%		0.00%		0.08%		0.57%		0.66%
	BANKRUPTCY		Balance		748,395.05		83,676.32		0.00		150,745.85		982,817.22
			% Balance		0.21%		0.02%		0.00%		0.04%		0.27%
			# Loans		6		1		0		1		8
			% # Loans		0.25%		0.04%		0.00%		0.04%		0.33%
	REO		Balance		0.00		0.00		0.00		135,086.31		135,086.31
			% Balance		0.00%		0.00%		0.00%		0.04%		0.04%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	TOTAL		Balance		748,395.05		3,701,640.65		2,716,178.10		2,434,068.14		9,600,281.94
			% Balance		0.21%		1.02%		0.75%		0.67%		2.66%
			# Loans		6		30		17		20		73
			% # Loans		0.25%		1.23%		0.70%		0.82%		3.00%










Page 14 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,752,599.04		1,238,057.98		293,061.46		6,283,718.48
			% Balance				1.38%		0.36%		0.09%		1.83%
			# Loans				22		5		2		29
			% # Loans				1.45%		0.33%		0.13%		1.91%
	FORECLOSURE		Balance		0.00		0.00		263,004.86		536,271.99		799,276.85
			% Balance		0.00%		0.00%		0.08%		0.16%		0.23%
			# Loans		0		0		2		3		5
			% # Loans		0.00%		0.00%		0.13%		0.20%		0.33%
	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		4,752,599.04		1,501,062.84		829,333.45		7,082,995.33
			% Balance		0.00%		1.38%		0.44%		0.24%		2.06%
			# Loans		0		22		7		5		34
			% # Loans		0.00%		1.45%		0.46%		0.33%		2.23%









Page 15 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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
103756268 2
			135,625.00		135,086.31		01-Feb-2005		8.150%		MI - 87.50%		360		01-Mar-2005



TOTAL			135,625.00		135,086.31


Page 16 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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
103766945 1
			250,000.00		249,036.67		01-Feb-2005		8.300%		TX - 69.44%		360		01-Mar-2005

104955828 1			290,000.00		289,171.53		01-Mar-2005		9.750%		NY - 65.17%		360		01-Mar-2005
105040240 1			153,000.00		152,524.79		01-Mar-2005		9.350%		PA - 90.00%		360		01-Mar-2005
105170740 1			111,000.00		110,682.85		01-Feb-2005		9.750%		RI - 74.00%		360		01-Mar-2005
105389985 1			60,000.00		59,862.85		01-Mar-2005		10.800%		TX - 70.59%		360		01-Mar-2005
105554984 1			118,500.00		118,234.93		01-Mar-2005		10.900%		FL - 75.00%		360		01-Mar-2005
105706022 1			78,625.00		78,390.72		01-Mar-2005		9.550%		OK - 85.00%		360		01-Mar-2005
105770705 1			284,150.00		282,939.21		01-Apr-2005		7.800%		TX - 77.01%		360		01-Mar-2005
105985683 1			140,000.00		139,460.54		01-Mar-2005		8.300%		MN - 76.92%		360		01-Mar-2005
106251309 1			246,750.00		246,347.92		01-Mar-2005		12.350%		FL - 75.00%		360		01-Mar-2005
106650609 1			105,000.00		104,587.10		01-Mar-2005		8.200%		TN - 64.82%		360		01-Mar-2005
95674008 2			70,386.00		69,970.73		01-Mar-2005		8.250%		AZ - 46.16%		360		01-Dec-2004
102291820 2			91,500.00		91,181.14		01-Mar-2005		8.800%		MI - 52.89%		360		01-Mar-2005
103544169 2			239,150.00		238,265.17		01-Mar-2005		8.500%		MN - 75.44%		360		01-Mar-2005
104427661 2			252,000.00		250,379.11		01-Mar-2005		6.500%		OH - 77.54%		360		01-Feb-2005
104636261 2			101,000.00		100,618.61		01-Mar-2005		8.400%		WI - 76.81%		360		01-Mar-2005
105102628 2			175,500.00		174,666.05		01-Mar-2005		7.250%		CA - 67.50%		360		01-Mar-2005
105339428 2			157,500.00		157,000.52		01-Mar-2005		9.250%		CO - 75.00%		360		01-Mar-2005
105439343 2			91,000.00		90,785.19		01-Feb-2005		10.650%		WY - 82.73%		360		01-Mar-2005
105580443 2			180,900.00		180,425.02		01-Feb-2005		10.150%		WI - 90.00%		360		01-Mar-2005
105842389 2			156,000.00		155,651.06		01-Mar-2005		10.900%		GA - 65.00%		360		01-Mar-2005
106589203 2			60,750.00		60,557.33		01-Mar-2005		9.250%		NE - 88.04%		360		01-Mar-2005
106621386 2			70,000.00		69,816.17		01-Mar-2005		10.150%		WA - 45.16%		360		01-Mar-2005
107080046 2			72,000.00		71,758.45		01-Apr-2005		8.990%		NE - 73.47%		360		01-Mar-2005
107317349 2			86,250.00		85,910.86		01-Mar-2005		8.200%		FL - 75.00%		360		01-Mar-2005
107765448 2			209,000.00		208,178.22		01-Apr-2005		8.200%		NY - 81.96%		360		01-Mar-2005
107783425 2			65,000.00		64,810.59		01-Feb-2005		9.650%		KY - 50.00%		360		01-Mar-2005
103659207 3			113,000.00		112,498.88		01-Apr-2005		7.600%		MD - 84.96%		360		01-Mar-2005
105235741 3			84,000.00		83,634.85		01-Mar-2005		7.700%		FL - 66.14%		360		01-Mar-2005
105679120 3			319,500.00		318,218.16		01-Mar-2005		8.100%		MN - 90.00%		360		01-Mar-2005
106291925 3			151,000.00		150,505.98		01-Apr-2005		9.100%		GA - 82.97%		360		01-Mar-2005
107132664 3			135,000.00		134,418.98		01-Feb-2005		7.750%		FL - 90.00%		360		01-Mar-2005


TOTAL			4,717,461.00		4,700,490.18


Page 17 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								62		75		73		210
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								62		75		73		210
Curtailments Amount								43,542.33		41,466.79		50,546.56		135,555.68
Paid in Full Balance								15,774,776.80		13,741,515.39		15,527,635.59		45,043,927.78
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								15,818,319.13		13,782,982.18		15,578,182.15		45,179,483.46

Cumulative


Number of Paid in Full Loans								178		198		214		590
Number of Repurchased Loans								9		9		10		28
Total Number of Loans Prepaid in Full								187		207		224		618
Paid in Full Balance								52,145,295.84		35,463,138.98		42,853,778.12		130,462,212.94
Repurchased Loans Balance								1,964,444.49		1,158,795.68		1,498,678.97		4,621,919.14
Curtailments Amount								261,912.05		256,437.32		154,238.33		672,587.70
Total Prepayment Amount								54,371,652.38		36,878,371.98		44,506,695.42		135,756,719.78










Page 18 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								4.39%		3.69%		4.22%		4.10%
3 Months Avg SMM								3.64%		2.65%		3.13%		3.13%
12 Months Avg SMM								2.89%		1.93%		2.34%		2.38%
Avg SMM Since Cut-off								2.89%		1.93%		2.34%		2.38%


CPR								41.68%		36.34%		40.36%		39.47%
3 Months Avg CPR								35.89%		27.52%		31.74%		31.75%
12 Months Avg CPR								29.65%		20.82%		24.72%		25.12%
Avg CPR Since Cut-off								29.65%		20.82%		24.72%		25.12%


PSA								3,409.56%		2,951.39%		3,286.79%		3,215.48%
3 Months Avg PSA Approximation								3,508.84%		2,670.01%		3,086.93%		3,091.07%
12 Months Avg PSA Approximation								3,604.01%		2,505.13%		2,984.99%		3,035.55%
Avg PSA Since Cut-off Approximation								3,604.01%		2,505.13%		2,984.99%		3,035.55%










Page 19 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 20 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

94161049 3			378,000.00		374,975.12			02-Aug-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Nov-2004


94888047 3			62,000.00		61,761.87			19-Jul-2005		9.750%		AL - 80.00%		Paid Off - 360		01-Dec-2004

95118303 1			259,250.00		257,245.84			27-Jul-2005		6.250%		WA - 85.00%		Paid Off - 360		01-Dec-2004

97804827 2			244,000.00		242,235.67			09-Aug-2005		6.600%		NY - 74.39%		Paid Off - 360		01-Dec-2004

97855506 1			262,500.00		261,491.85			05-Aug-2005		9.750%		MN - 75.00%		Paid Off - 360		01-Dec-2004

100295682 1			319,500.00		318,247.91			21-Jul-2005		8.990%		AZ - 90.00%		Paid Off - 360		01-Jan-2005

100573021 2			63,750.00		63,505.72			28-Jul-2005		9.100%		LA - 75.00%		Paid Off - 360		01-Jan-2005

100773084 2			119,164.00		118,691.90			29-Jul-2005		7.300%		NY - 81.62%		Paid Off - 360		01-Mar-2005

101007326 3			252,000.00		250,743.53			27-Jul-2005		8.100%		NJ - 90.00%		Paid Off - 360		01-Jan-2005

101113587 1			215,000.00		213,694.82			28-Jul-2005		6.800%		CA - 81.13%		Paid Off - 360		01-Jan-2005

101536787 1			68,400.00		68,194.06			10-Aug-2005		9.500%		OH - 31.09%		Paid Off - 360		01-Feb-2005

102072048 1			221,850.00		221,522.58			25-Jul-2005		11.950%		NV - 85.00%		Paid Off - 360		01-Mar-2005

102597341 3			504,000.00		502,403.53			10-Aug-2005		8.350%		PA - 89.84%		Paid Off - 360		01-Mar-2005

102732724 2			140,000.00		139,569.89			05-Aug-2005		8.500%		AZ - 88.61%		Paid Off - 360		01-Mar-2005

102932944 1			187,500.00		187,050.71			18-Jul-2005		9.700%		NV - 75.00%		Paid Off - 360		01-Mar-2005

103186888 3			550,000.00		547,714.88			10-Aug-2005		6.990%		FL - 85.27%		Paid Off - 360		01-Mar-2005

103463840 2			150,000.00		149,529.67			02-Aug-2005		8.400%		FL - 75.00%		Paid Off - 360		01-Mar-2005

103528501 2			80,500.00		80,279.47			09-Aug-2005		9.950%		MD - 82.02%		Paid Off - 360		01-Feb-2005

103741484 1			303,750.00		302,597.28			09-Aug-2005		7.450%		CA - 75.00%		Paid Off - 360		01-Mar-2005

103807020 3			314,500.00		313,375.71			04-Aug-2005		7.750%		FL - 85.00%		Paid Off - 360		01-Mar-2005

103861548 2			243,000.00		241,517.34			02-Aug-2005		5.900%		MD - 90.00%		Paid Off - 360		01-Mar-2005

104008545 1			293,000.00		291,621.99			19-Jul-2005		6.350%		MO - 60.79%		Paid Off - 360		01-Mar-2005

104041389 2			297,000.00		295,562.52			29-Jul-2005		6.200%		NV - 90.00%		Paid Off - 360		01-Mar-2005

104203609 3			120,000.00		119,493.97			10-Aug-2005		6.990%		TN - 82.76%		Paid Off - 360		01-Mar-2005

104208707 1			171,000.00		170,524.92			29-Jul-2005		8.990%		IL - 90.00%		Paid Off - 360		01-Mar-2005

104216924 3			123,250.00		123,013.78			27-Jul-2005		10.750%		NY - 85.00%		Paid Off - 360		01-Mar-2005

104240643 2			112,500.00		112,174.97			02-Aug-2005		8.800%		NV - 75.00%		Paid Off - 360		01-Mar-2005

104252523 3			200,250.00		199,628.47			11-Jul-2005		8.450%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

104316443 2			256,500.00		255,582.96			04-Aug-2005		7.750%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

104435904 3			300,600.00		299,762.28			27-Jul-2005		8.990%		NJ - 90.00%		Paid Off - 360		01-Mar-2005

104441308 3			207,900.00		207,293.11			05-Aug-2005		8.750%		WI - 90.00%		Paid Off - 360		01-Mar-2005

104457940 3			298,000.00		297,046.45			08-Aug-2005		8.300%		NJ - 77.40%		Paid Off - 360		01-Mar-2005

104477229 2			204,000.00		203,270.68			19-Jul-2005		7.750%		NY - 85.00%		Paid Off - 360		01-Mar-2005

104480660 1			225,000.00		224,139.32			08-Aug-2005		6.250%		AZ - 90.00%		Paid Off - 360		01-Apr-2005

104507587 1			168,700.00		168,027.37			26-Jul-2005		7.200%		MD - 87.41%		Paid Off - 360		01-Mar-2005

104575048 2			150,800.00		150,359.78			14-Jul-2005		8.750%		NV - 72.50%		Paid Off - 360		01-Mar-2005

104623327 3			198,000.00		197,353.43			01-Aug-2005		8.200%		MN - 90.00%		Paid Off - 360		01-Mar-2005



Page 21 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

104624481 2			192,000.00		191,131.07			18-Jul-2005		6.550%		MD - 88.48%		Paid Off - 360		01-Mar-2005


104687629 1			277,500.00		276,715.07			01-Aug-2005		10.500%		NY - 75.00%		Paid Off - 360		01-Mar-2005

104712583 1			202,500.00		201,547.63			09-Aug-2005		6.350%		WA - 84.38%		Paid Off - 360		01-Mar-2005

104713268 3			447,750.00		446,388.39			03-Aug-2005		8.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005

104716980 2			324,900.00		321,348.71			11-Jul-2005		6.000%		CA - 88.22%		Paid Off - 240		01-Mar-2005

104731609 2			107,500.00		106,989.55			09-Aug-2005		6.300%		MD - 75.42%		Paid Off - 360		01-Mar-2005

104736244 2			212,000.00		211,399.98			05-Aug-2005		8.900%		NJ - 74.39%		Paid Off - 360		01-Mar-2005

104737127 3			459,000.00		456,735.75			15-Jul-2005		6.100%		CA - 87.43%		Paid Off - 360		01-Mar-2005

104741368 1			133,200.00		132,699.48			22-Jul-2005		7.500%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

104772926 3			475,000.00		473,007.83			03-Aug-2005		6.950%		CA - 79.17%		Paid Off - 360		01-Mar-2005

104773007 3			123,300.00		122,821.80			13-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-Mar-2005

104814041 2			259,603.00		258,919.58			04-Aug-2005		9.250%		NJ - 69.23%		Paid Off - 360		01-Mar-2005

104821608 2			184,500.00		183,866.32			25-Jul-2005		7.950%		FL - 90.00%		Paid Off - 360		01-Mar-2005

104827027 2			120,000.00		119,413.63			15-Jul-2005		6.150%		MI - 80.00%		Paid Off - 360		01-Mar-2005

104852868 2			100,000.00		99,673.42			19-Jul-2005		8.200%		NV - 78.68%		Paid Off - 360		01-Mar-2005

104876024 3			301,500.00		300,440.93			27-Jul-2005		7.850%		CA - 69.31%		Paid Off - 360		01-Mar-2005

104887302 2			168,500.00		167,992.80			29-Jul-2005		8.600%		MD - 66.08%		Paid Off - 360		01-Mar-2005

104953427 1			298,900.00		297,672.66			12-Jul-2005		7.050%		NY - 77.04%		Paid Off - 360		01-Mar-2005

104954987 1			115,000.00		114,660.83			18-Jul-2005		8.700%		WI - 69.70%		Paid Off - 360		01-Mar-2005

104990585 3			146,500.00		145,915.88			28-Jul-2005		7.200%		PA - 83.71%		Paid Off - 360		01-Mar-2005

104994280 1			85,100.00		84,861.59			20-Jul-2005		8.950%		FL - 63.04%		Paid Off - 360		01-Mar-2005

104995287 3			122,400.00		122,138.92			30-Jul-2005		10.250%		AL - 90.00%		Paid Off - 360		01-Mar-2005

105000327 1			197,000.00		196,316.59			03-Aug-2005		7.900%		WI - 65.67%		Paid Off - 360		01-Mar-2005

105034649 3			599,999.00		598,955.71			29-Jul-2005		11.200%		CA - 89.29%		Paid Off - 360		01-Mar-2005

105068282 1			306,000.00		304,767.90			11-Jul-2005		7.150%		CA - 90.00%		Paid Off - 360		01-Mar-2005

105110209 1			230,000.00		228,969.13			27-Jul-2005		6.600%		ME - 89.15%		Paid Off - 360		01-Mar-2005

105130405 3			206,250.00		205,745.34			22-Jul-2005		9.600%		NJ - 72.37%		Paid Off - 360		01-Mar-2005

105130769 2			230,000.00		229,118.46			26-Jul-2005		7.400%		NJ - 76.67%		Paid Off - 360		01-Mar-2005

105145643 1			318,750.00		317,389.00			29-Jul-2005		6.850%		CA - 75.00%		Paid Off - 360		01-Mar-2005

105156889 3			204,000.00		203,433.22			13-Jul-2005		8.990%		NJ - 78.46%		Paid Off - 360		01-Mar-2005

105162903 1			115,500.00		115,106.49			09-Aug-2005		7.990%		FL - 72.19%		Paid Off - 360		01-Mar-2005

105190805 1			130,500.00		129,942.77			29-Jul-2005		6.850%		FL - 90.00%		Paid Off - 360		01-Mar-2005

105191563 2			75,000.00		74,769.56			09-Aug-2005		8.500%		IN - 75.00%		Paid Off - 360		01-Mar-2005

105193221 1			180,000.00		179,469.16			27-Jul-2005		8.700%		MD - 80.00%		Paid Off - 360		01-Mar-2005

105222624 2			224,000.00		222,819.36			25-Jul-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005

105275648 1			133,500.00		133,129.07			05-Aug-2005		8.990%		OR - 78.53%		Paid Off - 360		01-Mar-2005

105280325 2			169,575.00		168,968.78			01-Aug-2005		7.750%		WI - 85.00%		Paid Off - 360		01-Mar-2005

105300008 1			325,000.00		323,716.90			10-Aug-2005		7.250%		NY - 67.71%		Paid Off - 360		01-Mar-2005



Page 22 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

105318885 3			80,584.00		80,330.57			03-Aug-2005		8.450%		MI - 68.88%		Paid Off - 360		01-Mar-2005


105390660 3			315,000.00		313,691.27			28-Jul-2005		6.990%		MD - 90.00%		Paid Off - 360		01-Mar-2005

105438568 2			96,000.00		95,769.96			29-Jul-2005		9.700%		IL - 57.49%		Paid Off - 360		01-Mar-2005

105452684 2			160,000.00		159,466.86			02-Aug-2005		8.100%		MI - 80.00%		Paid Off - 360		01-Mar-2005

105454227 2			220,000.00		219,059.32			14-Jul-2005		6.850%		MD - 84.29%		Paid Off - 360		01-Mar-2005

105476006 1			100,000.00		99,653.07			21-Jul-2005		7.900%		CA - 46.51%		Paid Off - 360		01-Mar-2005

105498885 2			153,000.00		152,584.52			19-Jul-2005		10.250%		FL - 85.00%		Paid Off - 360		01-Mar-2005

105523963 2			62,600.00		62,371.69			08-Aug-2005		7.650%		MD - 69.56%		Paid Off - 360		01-Mar-2005

105541684 2			342,000.00		340,675.47			02-Aug-2005		7.350%		CA - 90.00%		Paid Off - 360		01-Mar-2005

105577464 2			139,000.00		138,550.64			13-Jul-2005		8.250%		WI - 67.15%		Paid Off - 360		01-Mar-2005

105577886 3			61,000.00		60,754.39			02-Aug-2005		7.150%		OR - 71.77%		Paid Off - 360		01-Mar-2005

105603443 2			216,000.00		215,172.11			12-Jul-2005		7.400%		CA - 72.00%		Paid Off - 360		01-Mar-2005

105623466 1			342,000.00		340,609.39			26-Jul-2005		7.100%		WI - 76.00%		Paid Off - 360		01-Mar-2005

105625867 2			178,000.00		177,505.48			15-Jul-2005		8.990%		MD - 59.33%		Paid Off - 360		01-Mar-2005

105637003 1			200,000.00		198,984.92			22-Jul-2005		5.950%		WI - 79.68%		Paid Off - 360		01-Mar-2005

105639405 1			197,410.00		197,002.17			14-Jul-2005		10.400%		NV - 55.61%		Paid Off - 360		01-Mar-2005

105650105 3			224,959.00		223,979.61			13-Jul-2005		6.750%		MD - 80.34%		Paid Off - 360		01-Mar-2005

105659486 2			90,000.00		89,836.19			14-Jul-2005		10.990%		WY - 72.58%		Paid Off - 360		01-Mar-2005

105679641 1			352,000.00		350,497.00			05-Aug-2005		6.850%		CA - 85.85%		Paid Off - 360		01-Mar-2005

105680508 3			135,270.00		134,809.12			29-Jul-2005		7.990%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

105685663 2			161,500.00		161,047.61			09-Aug-2005		8.950%		IL - 53.83%		Paid Off - 360		01-Mar-2005

105703508 1			152,000.00		151,508.64			03-Aug-2005		8.250%		NJ - 80.00%		Paid Off - 360		01-Mar-2005

105728703 2			271,000.00		270,389.19			12-Jul-2005		9.990%		NY - 84.69%		Paid Off - 360		01-Mar-2005

105757363 2			337,000.00		335,317.28			02-Aug-2005		6.050%		MN - 88.68%		Paid Off - 360		01-Mar-2005

105785760 3			86,400.00		86,097.22			28-Jul-2005		7.850%		FL - 90.00%		Paid Off - 360		01-Mar-2005

105791982 3			236,250.00		235,593.63			26-Jul-2005		8.990%		NJ - 75.00%		Paid Off - 360		01-Mar-2005

105823462 3			96,875.00		96,600.82			11-Jul-2005		8.900%		FL - 69.20%		Paid Off - 360		01-Mar-2005

105927164 2			121,500.00		121,034.29			25-Jul-2005		7.400%		FL - 90.00%		Paid Off - 360		01-Mar-2005

105975544 3			369,500.00		368,576.74			29-Jul-2005		9.500%		CA - 72.45%		Paid Off - 360		01-Mar-2005

105984363 1			204,000.00		203,302.73			22-Jul-2005		7.990%		NY - 62.77%		Paid Off - 360		01-Mar-2005

106009483 3			326,700.00		325,586.96			29-Jul-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005

106050800 2			130,000.00		129,643.29			25-Jul-2005		9.050%		NJ - 68.42%		Paid Off - 360		01-Mar-2005

106100621 3			120,280.00		119,771.39			26-Jul-2005		6.900%		IL - 85.91%		Paid Off - 360		01-Mar-2005

106103468 2			162,000.00		161,420.87			14-Jul-2005		7.750%		AZ - 75.00%		Paid Off - 360		01-Mar-2005

106106149 2			255,000.00		253,742.07			08-Aug-2005		6.100%		WA - 89.47%		Paid Off - 360		01-Mar-2005

106184948 2			80,869.00		80,591.23			08-Aug-2005		7.950%		MN - 74.19%		Paid Off - 360		01-Mar-2005

106190341 3			259,000.00		258,036.41			29-Jul-2005		7.550%		FL - 80.94%		Paid Off - 360		01-Mar-2005

106190366 1			318,750.00		317,819.57			03-Aug-2005		8.750%		AZ - 85.00%		Paid Off - 360		01-Mar-2005



Page 23 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

106192842 1			117,500.00		117,138.98			29-Jul-2005		8.500%		FL - 71.21%		Paid Off - 360		01-Mar-2005


106194061 1			240,000.00		239,104.89			30-Jul-2005		7.600%		CA - 75.00%		Paid Off - 360		01-Mar-2005

106203326 1			161,250.00		160,585.35			01-Aug-2005		8.150%		CA - 75.00%		Paid Off - 360		01-Mar-2005

106209687 3			197,000.00		196,133.97			13-Jul-2005		6.700%		CA - 89.55%		Paid Off - 360		01-Mar-2005

106224124 2			192,000.00		191,379.33			04-Aug-2005		8.250%		MD - 78.37%		Paid Off - 360		01-Mar-2005

106262926 2			65,500.00		65,336.34			26-Jul-2005		9.500%		WI - 52.82%		Paid Off - 360		01-Mar-2005

106325004 2			262,500.00		261,969.17			02-Aug-2005		10.500%		NJ - 71.92%		Paid Off - 360		01-Mar-2005

106335482 1			144,000.00		143,485.19			19-Jul-2005		7.750%		WA - 90.00%		Paid Off - 360		01-Mar-2005

106372584 2			64,500.00		64,359.46			28-Jul-2005		10.150%		IL - 56.09%		Paid Off - 360		01-Mar-2005

106376841 2			178,166.00		177,572.29			25-Jul-2005		8.100%		MS - 67.74%		Paid Off - 360		01-Mar-2005

106395163 1			283,496.00		282,541.76			09-Aug-2005		8.050%		MD - 90.00%		Paid Off - 360		01-Mar-2005

106417363 2			103,500.00		103,217.15			29-Jul-2005		9.250%		IA - 90.00%		Paid Off - 360		01-Mar-2005

106429608 1			332,000.00		330,327.65			30-Jul-2005		5.990%		MA - 71.86%		Paid Off - 360		01-Mar-2005

106436827 2			229,500.00		228,441.19			03-Aug-2005		6.450%		MA - 88.27%		Paid Off - 360		01-Mar-2005

106455868 3			139,400.00		139,033.04			04-Aug-2005		9.250%		MD - 84.49%		Paid Off - 360		01-Mar-2005

106463425 1			99,000.00		98,596.17			08-Aug-2005		7.700%		MI - 90.00%		Paid Off - 360		01-Mar-2005

106468085 3			110,925.00		110,661.99			25-Jul-2005		9.750%		CA - 85.00%		Paid Off - 360		01-Mar-2005

106482565 3			599,820.00		598,321.24			22-Jul-2005		9.500%		MN - 78.00%		Paid Off - 360		01-Mar-2005

106484702 3			131,000.00		130,629.12			20-Jul-2005		8.900%		CA - 87.33%		Paid Off - 360		01-Mar-2005

106485980 2			307,000.00		305,966.67			26-Jul-2005		8.050%		CA - 74.88%		Paid Off - 360		01-Mar-2005

106487705 2			255,500.00		254,332.51			05-Aug-2005		6.500%		MA - 73.65%		Paid Off - 360		01-Mar-2005

106495724 2			150,905.00		150,431.79			26-Jul-2005		8.400%		FL - 69.22%		Paid Off - 360		01-Mar-2005

106517402 3			225,000.00		224,111.70			03-Aug-2005		7.250%		IL - 86.54%		Paid Off - 360		01-Mar-2005

106558323 3			271,500.00		270,821.63			29-Jul-2005		9.500%		CA - 84.84%		Paid Off - 360		01-Mar-2005

106571243 2			186,300.00		185,633.99			18-Jul-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Mar-2005

106580723 1			177,000.00		176,392.12			20-Jul-2005		7.950%		RI - 60.00%		Paid Off - 360		01-Mar-2005

106596661 2			230,500.00		229,598.91			01-Aug-2005		7.300%		FL - 68.81%		Paid Off - 360		01-Mar-2005

106599764 3			102,000.00		101,809.91			22-Jul-2005		11.200%		WI - 85.00%		Paid Off - 360		01-Mar-2005

106603681 3			127,000.00		126,363.98			26-Jul-2005		7.990%		FL - 68.65%		Paid Off - 360		01-Mar-2005

106649122 1			189,250.00		188,495.46			26-Jul-2005		7.200%		CA - 61.05%		Paid Off - 360		01-Mar-2005

106651425 2			#######		187,543.24			19-Jul-2005		5.950%		MD - 76.94%		Paid Off - 360		01-Mar-2005

106653462 2			150,000.00		149,488.94			19-Jul-2005		7.990%		FL - 75.00%		Paid Off - 360		01-Mar-2005

106659345 1			306,000.00		305,027.90			28-Jul-2005		8.990%		CA - 85.00%		Paid Off - 360		01-Mar-2005

106673965 1			96,000.00		95,689.67			27-Jul-2005		8.250%		FL - 61.94%		Paid Off - 360		01-Mar-2005

106681000 1			225,000.00		224,160.29			10-Aug-2005		7.550%		CA - 59.21%		Paid Off - 360		01-Mar-2005

106683865 2			205,000.00		204,363.71			19-Jul-2005		8.450%		MD - 66.13%		Paid Off - 360		01-Mar-2005

106685324 2			123,000.00		122,594.25			01-Aug-2005		8.150%		PA - 60.00%		Paid Off - 360		01-Mar-2005

106694185 1			229,500.00		228,889.51			18-Jul-2005		9.200%		IL - 90.00%		Paid Off - 360		01-Mar-2005



Page 24 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

106714140 2			234,000.00		233,302.77			14-Jul-2005		8.650%		MD - 75.00%		Paid Off - 360		01-Mar-2005


106727589 1			213,698.00		213,021.11			20-Jul-2005		8.350%		MN - 74.98%		Paid Off - 360		01-Mar-2005

106743602 3			409,100.00		407,436.53			08-Aug-2005		7.100%		CA - 89.99%		Paid Off - 360		01-Mar-2005

106746126 3			250,121.00		249,152.81			28-Jul-2005		7.350%		HI - 88.38%		Paid Off - 360		01-Mar-2005

106771124 1			125,550.00		125,078.24			29-Jul-2005		7.500%		PA - 86.59%		Paid Off - 360		01-Mar-2005

106771504 3			567,000.00		564,531.47			26-Jul-2005		6.750%		MD - 81.00%		Paid Off - 360		01-Mar-2005

106784903 1			350,000.00		348,797.98			03-Aug-2005		7.950%		MD - 85.37%		Paid Off - 360		01-Mar-2005

106801806 1			192,000.00		191,345.90			01-Aug-2005		7.990%		MD - 80.00%		Paid Off - 360		01-Mar-2005

106809007 1			308,000.00		306,735.27			28-Jul-2005		7.050%		MD - 72.47%		Paid Off - 360		01-Mar-2005

106812605 1			211,000.00		210,253.21			29-Jul-2005		7.800%		NV - 66.98%		Paid Off - 360		01-Mar-2005

106817786 3			155,400.00		154,922.53			29-Jul-2005		8.500%		CA - 86.33%		Paid Off - 360		01-Mar-2005

106827389 2			163,000.00		162,600.75			18-Jul-2005		9.700%		MD - 77.62%		Paid Off - 360		01-Mar-2005

106860687 3			552,600.00		549,632.25			27-Jul-2005		5.650%		CA - 86.34%		Paid Off - 360		01-Mar-2005

106863624 3			600,000.00		597,362.36			30-Jul-2005		6.700%		CO - 86.33%		Paid Off - 360		01-Mar-2005

106917784 1			286,000.00		285,355.35			15-Jul-2005		9.990%		NJ - 68.10%		Paid Off - 360		01-Mar-2005

106925621 1			320,000.00		318,639.03			28-Jul-2005		6.900%		NY - 80.00%		Paid Off - 360		01-Mar-2005

106974488 2			331,500.00		330,191.25			29-Jul-2005		7.250%		IL - 85.00%		Paid Off - 360		01-Mar-2005

106978240 1			258,000.00		257,207.34			05-Aug-2005		8.500%		MD - 50.49%		Paid Off - 360		01-Mar-2005

107001984 3			247,500.00		246,812.36			09-Aug-2005		8.990%		CT - 75.00%		Paid Off - 360		01-Mar-2005

107026007 1			167,405.00		166,858.36			05-Aug-2005		8.200%		CA - 54.00%		Paid Off - 360		01-Mar-2005

107037640 2			290,000.00		288,737.42			13-Jul-2005		6.750%		CA - 71.96%		Paid Off - 360		01-Mar-2005

107083966 3			167,850.00		167,276.50			27-Jul-2005		7.990%		FL - 89.95%		Paid Off - 360		01-Mar-2005

107165862 2			168,437.00		167,661.66			02-Aug-2005		7.400%		FL - 87.50%		Paid Off - 360		01-Mar-2005

107194201 2			167,000.00		166,402.99			20-Jul-2005		7.750%		CA - 64.23%		Paid Off - 360		01-Mar-2005

107232621 2			255,000.00		254,270.81			27-Jul-2005		8.850%		CA - 71.83%		Paid Off - 360		01-Mar-2005

107259483 3			137,250.00		136,836.84			01-Aug-2005		8.600%		CA - 75.00%		Paid Off - 360		01-Mar-2005

107284200 1			158,000.00		156,430.94			28-Jul-2005		7.400%		PA - 87.29%		Paid Off - 240		01-Mar-2005

107285165 2			240,300.00		239,212.53			20-Jul-2005		6.550%		CA - 90.00%		Paid Off - 360		01-Mar-2005

107337800 1			318,000.00		316,885.72			15-Jul-2005		7.850%		CA - 88.33%		Paid Off - 360		01-Mar-2005

107338006 3			74,700.00		74,427.56			01-Aug-2005		7.650%		MO - 90.00%		Paid Off - 360		01-Mar-2005

107360802 2			355,000.00		352,209.86			18-Jul-2005		5.500%		FL - 82.56%		Paid Off - 300		01-Mar-2005

107360828 3			233,100.00		232,274.99			02-Aug-2005		7.800%		IN - 90.00%		Paid Off - 360		01-Mar-2005

107361867 3			165,000.00		163,603.23			29-Jul-2005		7.650%		FL - 82.50%		Paid Off - 360		01-Mar-2005

107449761 2			78,000.00		77,824.19			02-Aug-2005		9.990%		FL - 91.77%		Paid Off - 360		01-Mar-2005

107479669 3			260,000.00		259,114.21			19-Jul-2005		7.990%		NJ - 82.54%		Paid Off - 360		01-Mar-2005

107504300 2			101,000.00		100,747.59			12-Jul-2005		9.500%		ME - 69.18%		Paid Off - 360		01-Mar-2005

107526907 1			60,000.00		59,885.01			22-Jul-2005		10.750%		FL - 40.00%		Paid Off - 360		01-Mar-2005

107593725 1			290,000.00		289,236.61			27-Jul-2005		9.250%		CA - 78.80%		Paid Off - 360		01-Mar-2005



Page 25 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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

107614661 1			100,000.00		99,529.68			19-Jul-2005		6.350%		NY - 76.92%		Paid Off - 360		01-Mar-2005


107672628 3			114,500.00		114,191.16			13-Jul-2005		9.150%		FL - 84.82%		Paid Off - 360		01-Mar-2005

107697427 3			365,200.00		363,328.81			15-Jul-2005		5.900%		MA - 88.00%		Paid Off - 360		01-Mar-2005

107727521 2			178,000.00		177,441.84			22-Jul-2005		8.400%		CA - 52.35%		Paid Off - 360		01-Mar-2005

107736647 2			350,001.00		348,580.93			20-Jul-2005		7.200%		CA - 87.50%		Paid Off - 360		01-Mar-2005

107760621 1			208,250.00		207,540.51			15-Jul-2005		7.990%		NV - 85.00%		Paid Off - 360		01-Mar-2005

107761967 2			188,400.00		187,746.41			03-Aug-2005		7.900%		MD - 63.65%		Paid Off - 360		01-Mar-2005

107765844 2			93,750.00		93,495.41			08-Aug-2005		9.100%		FL - 75.00%		Paid Off - 360		01-Mar-2005

107770208 3			400,500.00		399,135.56			08-Aug-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005

107913105 1			318,750.00		317,809.96			10-Aug-2005		8.700%		CA - 75.00%		Paid Off - 360		01-Mar-2005

107960080 2			106,213.00		105,990.18			21-Jul-2005		9.250%		PA - 84.97%		Paid Off - 360		01-Apr-2005

107972002 1			139,000.00		138,035.42			19-Jul-2005		8.750%		MD - 86.88%		Paid Off - 360		01-Mar-2005

108008343 3			225,000.00		224,120.41			15-Jul-2005		7.300%		MD - 83.96%		Paid Off - 360		01-Mar-2005

108033689 1			172,000.00		171,214.07			30-Jul-2005		6.500%		CA - 72.27%		Paid Off - 360		01-Mar-2005

108092867 3			99,000.00		98,752.61			08-Aug-2005		9.500%		CA - 61.88%		Paid Off - 360		01-Mar-2005

108143405 1			304,000.00		302,846.32			26-Jul-2005		7.450%		CA - 65.38%		Paid Off - 360		01-Mar-2005

108387184 1			117,000.00		116,695.37			25-Jul-2005		8.200%		MN - 74.52%		Paid Off - 360		01-Apr-2005

109012427 1			376,000.00		374,884.44			01-Aug-2005		7.550%		NY - 79.16%		Paid Off - 360		01-Apr-2005

109551788 1			176,000.00		175,560.05			03-Aug-2005		8.400%		CA - 80.00%		Paid Off - 360		01-Apr-2005

109990465 1			61,600.00		61,493.90			01-Aug-2005		10.200%		LA - 59.81%		Paid Off - 360		01-Apr-2005

110658424 1			147,000.00		145,160.45			08-Aug-2005		7.200%		NV - 64.94%		Paid Off - 180		01-Apr-2005



TOTAL			45,217,025.00		45,043,927.78



Page 26 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




Number of Loans Liquidated								0		1		0		1
Collateral Principal Realized Loss/(Gain) Amount								0.00		489.35		0.00		489.35
Collateral Interest Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								0.00		75,324.64		0.00		75,324.64

Cumulative




Number of Loans Liquidated								0		1		0		1
Collateral Realized Loss/(Gain) Amount								0.00		489.35		0.00		489.35
Net Liquidation Proceeds								0.00		75,324.64		0.00		75,324.64










Page 27 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

August 25, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



MDR								0.00%		0.02%		0.00%		0.01%
3 Months Avg MDR								0.00%		0.01%		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%		0.24%		0.00%		0.08%
3 Months Avg CDR								0.00%		0.08%		0.00%		0.03%
12 Months Avg CDR								0.00%		0.05%		0.00%		0.02%
Avg CDR Since Cut-off								0.00%		0.05%		0.00%		0.02%


SDA								0.00%		1.97%		0.00%		0.67%
3 Months Avg SDA Approximation								0.00%		0.78%		0.00%		0.27%
12 Months Avg SDA Approximation								0.00%		0.58%		0.00%		0.20%
Avg SDA Since Cut-off Approximation								0.00%		0.58%		0.00%		0.20%


Loss Severity Approximation for Current Period								0.00%		0.65%		0.00%		0.65%
3 Months Avg Loss Severity Approximation								0.00%		0.22%		0.00%		0.22%
12 Months Avg Loss Severity Approximation								0.00%		0.13%		0.00%		0.13%
Avg Loss Severity Approximation Since Cut-off								0.00%		0.13%		0.00%		0.13%












Page 28 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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 29 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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)

105512040 2
		REO	9.600%		MI - 38.19%		360		75,813.99				489.35		0.00



TOTAL									75,813.99			489.35		0.00



Page 30 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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								14,340,438.82
						Ending Balance								1,059,401,100.31
						Delinquency Percentage								1.353636%

						Certificate Balances of Mezzanine and C Classes								232,200,005.68
						Credit Enhancement Percentage								21.918045%
						Credit Enhancement Percentage - Prior Month								21.002762%



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 31 of 32
Ameriquest Mortgage Securities, Inc. 2005-R2

Mortgage Pass-Through Certificates

2005-R2

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							3.96%			$0.00		$0.00

			A-1B							3.93%			$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							3.84%			$0.00		$0.00

			A-3C							3.98%			$0.00		$0.00

			A-3D							3.94%			$0.00		$0.00

			M-1							4.09%			$0.00		$0.00

			M-2							4.12%			$0.00		$0.00

			M-3							4.16%			$0.00		$0.00

			M-4							4.34%			$0.00		$0.00

			M-5							4.37%			$0.00		$0.00

			M-6							4.42%			$0.00		$0.00

			M-7							4.91%			$0.00		$0.00

			M-8							4.99%			$0.00		$0.00

			M-9							5.64%			$0.00		$0.00

			M-10							6.14%			$0.00		$0.00

			M-11							6.14%			$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 32 of 32

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