UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): ~~July~~August 25, 2005 (Date of earliest event reported) Ameriquest Mortgage Securities Inc (as Depositor under the Pooling and Servicing Agreement, dated as June 1, 2005, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2005-R5) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-121781-05 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) 541-9960 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~July~~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: ~~Jul~~Aug 2726, 2005 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~July~~August 25, 2005.

Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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					15
										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										10. Realized Loss Report					2223
										11. Realized Loss Detail Report					2526
				Servicer(s)
										12. Triggers and Adj. Cert. Report					2627
				Ameriquest Mortgage Corp
										13. Additional Certificate Report					2728
				Underwriter(s)
				BNP Paribas
				RBS Greenwich Capital
				Deutsche Bank Securities
				Banc of America Securities LLC
										Total Number of Pages					2728
				Dates						Contacts
				Cut-Off Date:			June 01, 2005			Valerie Delgado
				Close Date:			June 24, 2005			Administrator
				First Distribution Date:			July 25, 2005			(714) 247-6273
										valerie.m.delgado@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~July~~August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~June~~July 3029, 2005
										Main Phone Number:			(714) 247-6000
							July 22, 2005
							August 24, 2005
										https://www.tss.db.com/invr
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Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC-III
					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	FLT,STEP	$	861,978,000.00		~~861~~854,~~978~~558,~~000~~807.0002		2,~~620~~715,~~173~~360.6861		715,~~419~~501,~~192~~804.9881		1018,~~039~~217,~~366~~165.6642		0.00		0.00		~~854~~839,~~558~~057,~~807~~002.0221
A-1B	FLT,STEP	$	215,495,000.00		~~215~~213,~~495~~640,~~000~~197.0045		~~664~~688,~~323~~040.2012		13,~~854~~875,~~802~~460.5520		24,~~519~~563,~~125~~500.7532		0.00		0.00		~~213~~209,~~640~~764,~~197~~737.4525
A-2A	FLT,STEP	$	66,082,000.00		6662,~~082~~517,~~000~~270.0053		~~192~~190,~~335~~573.3348		32,~~564~~356,~~729~~691.4776		32,~~757~~547,~~064~~265.8024		0.00		0.00		6260,~~517~~160,~~270~~578.5377
A-2B	FLT,STEP	$	79,667,000.00		79,667,000.00		~~242~~253,~~165~~141.5589		0.00		~~242~~253,~~165~~141.5589		0.00		0.00		79,667,000.00
A-2C	FLT,STEP	$	19,528,000.00		19,528,000.00		6164,~~545~~236.7527		0.00		6164,~~545~~236.7527		0.00		0.00		19,528,000.00
M-1	FLT,STEP	$	48,000,000.00		48,000,000.00		~~154~~160,~~173~~786.3367		0.00		~~154~~160,~~173~~786.3367		0.00		0.00		48,000,000.00
M-2	MEZ,STEP,FL	$	43,500,000.00		43,500,000.00		~~140~~146,~~843~~836.3367		0.00		~~140~~146,~~843~~836.3367		0.00		0.00		43,500,000.00
M-3	MEZ,STEP,FL	$	29,250,000.00		29,250,000.00		9599,~~460~~490.63		0.00		9599,~~460~~490.63		0.00		0.00		29,250,000.00
M-4	MEZ,STEP,FL	$	24,000,000.00		24,000,000.00		8184,~~220~~526.0067		0.00		8184,~~220~~526.0067		0.00		0.00		24,000,000.00
M-5	MEZ,STEP,FL	$	23,250,000.00		23,250,000.00		7982,~~082~~285.2963		0.00		7982,~~082~~285.2963		0.00		0.00		23,250,000.00
M-6	MEZ,STEP,FL	$	18,750,000.00		18,750,000.00		6467,~~583~~166.3367		0.00		6467,~~583~~166.3367		0.00		0.00		18,750,000.00
M-7	MEZ,STEP,FL	$	15,000,000.00		15,000,000.00		5860,~~383~~450.3300		0.00		5860,~~383~~450.3300		0.00		0.00		15,000,000.00
M-8	MEZ,STEP,FL	$	14,250,000.00		14,250,000.00		5759,~~059~~022.3871		0.00		5759,~~059~~022.3871		0.00		0.00		14,250,000.00
M-9	MEZ,STEP,FL	$	8,250,000.00		8,250,000.00		3537,~~876~~012.0471		0.00		3537,~~876~~012.0471		0.00		0.00		8,250,000.00
M-10	MEZ,STEP,FL	$	8,250,000.00		8,250,000.00		4445,~~756~~892.2592		0.00		4445,~~756~~892.2592		0.00		0.00		8,250,000.00
M-11	MEZ,STEP,FL	$	11,250,000.00		11,250,000.00		6162,~~031~~581.25		0.00		6162,~~031~~581.25		0.00		0.00		11,250,000.00
CE	SUB	$	13,500,202.10		13,500,~~202~~002.1072		34,~~935~~058,~~911~~421.6618		~~199~~0.3800		34,~~936~~058,~~111~~421.0418		0.00		0.00		13,500,002.72
P	SUB	$	100.00		100.00		70224,~~564~~371.3181		0.00		70224,~~564~~371.3181		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			1,500,000,302.10		1,~~500~~487,~~000~~161,~~302~~377.1072		89,~~659~~100,~~488~~197.6489		1221,~~838~~733,~~924~~956.3877		2130,~~498~~834,~~413~~154.0266		0.00		0.00		1,~~487~~465,~~161~~427,~~377~~420.7295
Page 2 of 27
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Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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	0607/2425/05		0708/24/05		A-Act/360		03072SD51		861,978,000.00		~~1,000~~991.~~000000~~392828		3.~~039722~~150151		817.~~607172~~983991		1121.~~646894~~134142	~~991~~973.~~392828~~408837
A-1B	0607/2425/05		0708/24/05		A-Act/360		03072SD69		215,495,000.00		~~1,000~~991.~~000000~~392828		3.~~082778~~192836		817.~~607172~~983991		1121.~~689950~~176827	~~991~~973.~~392828~~408837
A-2A	0607/2425/05		0708/24/05		A-Act/360		03072SD77		66,082,000.00		~~1,000~~946.~~000000~~055969		2.~~910556~~883894		5335.~~944031~~663142		5638.~~854587~~547036	~~946~~910.~~055969~~392827
A-2B	0607/2425/05		0708/24/05		A-Act/360		03072SD85		79,667,000.00		1,000.000000		3.~~039722~~177500		0.000000		3.~~039722~~177500	1,000.000000
A-2C	0607/2425/05		0708/24/05		A-Act/360		03072SD93		19,528,000.00		1,000.000000		3.~~151667~~289444		0.000000		3.~~151667~~289444	1,000.000000
M-1	0607/2425/05		0708/24/05		A-Act/360		03072SE27		48,000,000.00		1,000.000000		3.~~211944~~349722		0.000000		3.~~211944~~349722	1,000.000000
M-2	0607/2425/05		0708/24/05		A-Act/360		03072SE35		43,500,000.00		1,000.000000		3.~~237778~~375556		0.000000		3.~~237778~~375556	1,000.000000
M-3	0607/2425/05		0708/24/05		A-Act/360		03072SE43		29,250,000.00		1,000.000000		3.~~263611~~401389		0.000000		3.~~263611~~401389	1,000.000000
M-4	0607/2425/05		0708/24/05		A-Act/360		03072SE50		24,000,000.00		1,000.000000		3.~~384167~~521945		0.000000		3.~~384167~~521945	1,000.000000
M-5	0607/2425/05		0708/24/05		A-Act/360		03072SE68		23,250,000.00		1,000.000000		3.~~401389~~539167		0.000000		3.~~401389~~539167	1,000.000000
M-6	0607/2425/05		0708/24/05		A-Act/360		03072SE76		18,750,000.00		1,000.000000		3.~~444444~~582222		0.000000		3.~~444444~~582222	1,000.000000
M-7	0607/2425/05		0708/24/05		A-Act/360		03072SE84		15,000,000.00		1,000.000000		34.~~892222~~030000		0.000000		34.~~892222~~030000	1,000.000000
M-8	0607/2425/05		0708/24/05		A-Act/360		03072SE92		14,250,000.00		1,000.000000		4.~~004167~~141945		0.000000		4.~~004167~~141945	1,000.000000
M-9	0607/2425/05		0708/24/05		A-Act/360		03072SF26		8,250,000.00		1,000.000000		4.~~348611~~486389		0.000000		4.~~348611~~486389	1,000.000000
M-10	0607/2425/05		0708/24/05		A-Act/360		03072SF34		8,250,000.00		1,000.000000		5.~~425000~~562778		0.000000		5.~~425000~~562778	1,000.000000
M-11	0607/2425/05		0708/24/05		A-Act/360		03072SF42		11,250,000.00		1,000.000000		5.~~425000~~562778		0.000000		5.~~425000~~562778	1,000.000000
CE	0607/01/05		0607/30/05		F-30/360				1,513,500,504.20		8.~~919853~~919721		2.~~600535~~681480		0.~~000132~~000000		2.~~600667~~681480	8.919721
P	0607/01/05		0607/30/05		F-30/360		03072SF59		100.00		1,000.000000		~~705~~2,~~643~~243,718.100000		0.000000		~~705~~2,~~643~~243,718.100000	1,000.000000
R	0607/01/05		0607/30/05		F-30/360		03072SF67		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
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Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Distribution to Date - REMIC-III
																	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	861,978,000.00		25,~~620~~335,~~173~~534.6829		621,~~822~~592,~~840~~011.7466		~~596~~1,~~352~~328,986.2413		722,~~419~~920,~~192~~997.9879		1028,~~039~~256,~~366~~532.6608		0.00		0.00		~~854~~839,~~558~~057,~~807~~002.0221
A-1B	215,495,000.00		~~664~~1,~~323~~352,363.2032		15,~~705~~398,~~714~~015.1444		~~149~~332,~~088~~247.4130		15,~~854~~730,~~802~~262.5575		27,~~519~~082,~~125~~626.7507		0.00		0.00		~~213~~209,~~640~~764,~~197~~737.4525
A-2A	66,082,000.00		~~192~~382,~~335~~908.3381		35,~~278~~523,~~197~~509.7139		~~286~~397,~~531~~911.7684		35,~~564~~921,~~729~~421.4723		36,~~757~~304,~~064~~330.8004		0.00		0.00		6260,~~517~~160,~~270~~578.5377
A-2B	79,667,000.00		~~242~~495,~~165~~307.5544		0.00		0.00		0.00		~~242~~495,~~165~~307.5544		0.00		0.00		79,667,000.00
A-2C	19,528,000.00		61125,~~545~~782.7502		0.00		0.00		0.00		61125,~~545~~782.7502		0.00		0.00		19,528,000.00
M-1	48,000,000.00		~~154~~314,~~173~~960.3300		0.00		0.00		0.00		~~154~~314,~~173~~960.3300		0.00		0.00		48,000,000.00
M-2	43,500,000.00		~~140~~287,~~843~~680.3300		0.00		0.00		0.00		~~140~~287,~~843~~680.3300		0.00		0.00		43,500,000.00
M-3	29,250,000.00		95194,~~460~~951.6326		0.00		0.00		0.00		95194,~~460~~951.6326		0.00		0.00		29,250,000.00
M-4	24,000,000.00		81165,~~220~~746.0067		0.00		0.00		0.00		81165,~~220~~746.0067		0.00		0.00		24,000,000.00
M-5	23,250,000.00		79161,~~082~~367.2992		0.00		0.00		0.00		79161,~~082~~367.2992		0.00		0.00		23,250,000.00
M-6	18,750,000.00		64131,~~583~~750.3300		0.00		0.00		0.00		64131,~~583~~750.3300		0.00		0.00		18,750,000.00
M-7	15,000,000.00		58118,~~383~~833.33		0.00		0.00		0.00		58118,~~383~~833.33		0.00		0.00		15,000,000.00
M-8	14,250,000.00		57116,~~059~~082.3809		0.00		0.00		0.00		57116,~~059~~082.3809		0.00		0.00		14,250,000.00
M-9	8,250,000.00		3572,~~876~~888.0475		0.00		0.00		0.00		3572,~~876~~888.0475		0.00		0.00		8,250,000.00
M-10	8,250,000.00		4490,~~756~~649.2517		0.00		0.00		0.00		4490,~~756~~649.2517		0.00		0.00		8,250,000.00
M-11	11,250,000.00		61123,~~031~~612.2550		0.00		0.00		0.00		61123,~~031~~612.2550		0.00		0.00		11,250,000.00
CE	13,500,202.10		37,~~935~~994,~~911~~332.6684		183.35		16.03		199.38		37,~~936~~994,~~111~~532.0422		0.00		0.00		13,500,002.72
P	100.00		70294,~~564~~936.3112		0.00		0.00		0.00		70294,~~564~~936.3112		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	1,500,000,302.10		817,~~659~~759,~~488~~686.6453		1132,~~806~~513,~~935~~719.9484		12,~~031~~059,~~988~~161.4430		1234,~~838~~572,~~924~~881.3815		2152,~~498~~332,~~413~~567.0268		0.00		0.00		1,~~487~~465,~~161~~427,~~377~~420.7295
Page 4 of 27
Page 4 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Interest Detail - REMIC-III
	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.~~53000~~69000%		~~861~~854,~~978~~558,~~000~~807.0002		2,~~620~~715,~~173~~360.6861		0.00		0.00		0.00		2,~~620~~715,~~173~~360.6861		2,~~620~~715,~~173~~360.6861		0.00
A-1B	3.~~58000~~74000%		~~215~~213,~~495~~640,~~000~~197.0045		~~664~~688,~~323~~040.2012		0.00		0.00		0.00		~~664~~688,~~323~~040.2012		~~664~~688,~~323~~040.2012		0.00
A-2A	3.~~38000~~54000%		6662,~~082~~517,~~000~~270.0053		~~192~~190,~~335~~573.3348		0.00		0.00		0.00		~~192~~190,~~335~~573.3348		~~192~~190,~~335~~573.3348		0.00
A-2B	3.~~53000~~69000%		79,667,000.00		~~242~~253,~~165~~141.5589		0.00		0.00		0.00		~~242~~253,~~165~~141.5589		~~242~~253,~~165~~141.5589		0.00
A-2C	3.~~66000~~82000%		19,528,000.00		6164,~~545~~236.7527		0.00		0.00		0.00		6164,~~545~~236.7527		6164,~~545~~236.7527		0.00
M-1	3.~~73000~~89000%		48,000,000.00		~~154~~160,~~173~~786.3367		0.00		0.00		0.00		~~154~~160,~~173~~786.3367		~~154~~160,~~173~~786.3367		0.00
M-2	3.~~76000~~92000%		43,500,000.00		~~140~~146,~~843~~836.3367		0.00		0.00		0.00		~~140~~146,~~843~~836.3367		~~140~~146,~~843~~836.3367		0.00
M-3	3.~~79000~~95000%		29,250,000.00		9599,~~460~~490.63		0.00		0.00		0.00		9599,~~460~~490.63		9599,~~460~~490.63		0.00
M-4	34.~~93000~~09000%		24,000,000.00		8184,~~220~~526.0067		0.00		0.00		0.00		8184,~~220~~526.0067		8184,~~220~~526.0067		0.00
M-5	34.~~95000~~11000%		23,250,000.00		7982,~~082~~285.2963		0.00		0.00		0.00		7982,~~082~~285.2963		7982,~~082~~285.2963		0.00
M-6	4.~~00000~~16000%		18,750,000.00		6467,~~583~~166.3367		0.00		0.00		0.00		6467,~~583~~166.3367		6467,~~583~~166.3367		0.00
M-7	4.~~52000~~68000%		15,000,000.00		5860,~~383~~450.3300		0.00		0.00		0.00		5860,~~383~~450.3300		5860,~~383~~450.3300		0.00
M-8	4.~~65000~~81000%		14,250,000.00		5759,~~059~~022.3871		0.00		0.00		0.00		5759,~~059~~022.3871		5759,~~059~~022.3871		0.00
M-9	5.~~05000~~21000%		8,250,000.00		3537,~~876~~012.0471		0.00		0.00		0.00		3537,~~876~~012.0471		3537,~~876~~012.0471		0.00
M-10	6.~~30000~~46000%		8,250,000.00		4445,~~756~~892.2592		0.00		0.00		0.00		4445,~~756~~892.2592		4445,~~756~~892.2592		0.00
M-11	6.~~30000~~46000%		11,250,000.00		6162,~~031~~581.25		0.00		0.00		0.00		6162,~~031~~581.25		6162,~~031~~581.25		0.00
CE	~~349~~360.~~85358~~74848%		13,500,~~202~~002.1072		0.00		0.00		0.00		0.00		0.00		34,~~935~~058,~~911~~421.6618		0.00
P	~~846~~2,~~771~~692,461.72000%		100.00		0.00		0.00		0.00		0.00		0.00		70224,~~564~~371.3181		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			1,~~500~~487,~~000~~161,~~302~~377.1072		4,~~653~~817,~~012~~404.6790		0.00		0.00		0.00		4,~~653~~817,~~012~~404.6790		89,~~659~~100,~~488~~197.6489		0.00
Page 5 of 27
Page 5 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										32,~~564~~356,~~784~~691.8376		919,~~274~~377,~~139~~265.5501		1221,~~838~~733,~~924~~956.3877
Principal Withdrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										32,~~564~~356,~~784~~691.8376		919,~~274~~377,~~139~~265.5501		1221,~~838~~733,~~924~~956.3877
Interest Collections										1,~~179~~149,~~238~~388.7366		8,~~412~~325,~~077~~236.3164		9,~~591~~474,~~316~~625.0430
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Fees										-4137,~~322~~833.2485		-5127,~~282~~519.3321		-~~175~~146,~~725~~988.0420
Interest Other Accounts										0.00		0.00		70224,~~564~~371.3181
TOTAL NET INTEREST										1,~~137~~111,~~916~~554.4980		8,~~360~~297,~~794~~717.9843		9,~~486~~552,~~155~~008.3191
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										43,~~702~~468,~~701~~246.3256		1727,~~634~~674,~~934~~982.5344		2130,~~498~~834,~~413~~154.0266
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											~~125~~124,~~360~~779.7727		~~906~~902,~~627~~393.6660		1,~~031~~027,~~988~~172.4387
Curtailments											117,~~210~~214.8829		~~170~~105,~~761~~629.1248		#######
Prepayments In Full											32,~~428~~224,~~213~~698.1820		717,~~314~~659,~~919~~609.0406		1019,~~743~~884,~~132~~307.2226
Repurchased/Substitutions											0.00		~~881~~709,~~831~~632.7387		~~881~~709,~~831~~632.7387
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-8998,~~498~~965.5797		-~~629~~674,~~410~~710.4560		-~~718~~773,~~909~~676.0257
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											8998,~~498~~965.5797		~~629~~674,~~410~~710.4560		~~718~~773,~~909~~676.0257
TOTAL PRINCIPAL COLLECTED											32,~~564~~356,~~784~~691.8376		919,~~274~~377,~~139~~265.5501		1221,~~838~~733,~~924~~956.3877
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00
Page 6 of 27
Page 6 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,~~240~~214,~~756~~084.2362		8,~~796~~729,~~600~~895.7103		109,~~037~~943,~~356~~979.9465
Repurchased/Substitution Interest										0.00		45,~~984~~043.2005		45,~~984~~043.2005
Liquidation Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-~~3,873~~0.7300		-629,~~833~~986.9902		-1029,~~707~~986.7202
Delinquent Interest										-~~917~~966,~~703~~054.8065		-6,~~367~~697,~~273~~785.9037		-7,~~284~~663,~~977~~840.7002
Compensating Interest										~~3,873~~0.7300		629,~~833~~986.9902		1029,~~707~~986.7102
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										~~856~~901,~~186~~358.3170		56,~~977~~288,~~766~~083.3193		67,~~833~~189,~~952~~442.6263
TOTAL INTEREST COLLECTED										1,~~179~~149,~~238~~388.7366		8,~~412~~325,~~077~~236.3164		9,~~591~~474,~~316~~625.0430
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
Non-Recoverable Advances										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														70224,~~564~~371.3181
Net WAC Investment Income
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		70224,~~564~~371.3181
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										8381,~~120~~635.4614		9063,~~854~~618.5704		~~173~~145,~~975~~253.0418
Trustee Fees										~~232~~228.7458		1,~~517~~506.2644		1,~~750~~735.0002
SWAP (INFLOW) / OUTFLOW														~~826~~451,~~666~~811.6702
TOTAL INTEREST FEES										4137,~~322~~833.2485		5127,~~282~~519.3321		~~175~~146,~~725~~988.0420
Page 7 of 27
Page 7 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
										Group 2		Group 1		Total
Net WAC Reserve Account Balance
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralized Amount														13,500,~~202~~002.1072
Overcollateralization Reduction Amount														~~199~~0.3800
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														13,500,002.72
Page 8 of 27
Page 8 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										468		8,900		9,368
Prior										~~468~~460		8,~~900~~852		9,~~368~~312
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-85		-43102		-51107
Repurchases										-0		-54		-54
Liquidations										-0		-0		-0
Current										~~460~~455		8,~~852~~746		9,~~312~~201
Principal Balance:
Original										199,489,111.90		1,300,511,190.20		1,500,000,302.10
Prior										~~199~~195,~~489~~924,~~111~~327.9007		1,~~300~~291,~~511~~237,~~190~~050.2065		1,~~500~~487,~~000~~161,~~302~~377.1072
Prefunding										0.00		0.00		0.00
Scheduled Principal										-~~125~~124,~~360~~779.7727		-~~906~~902,~~627~~393.6660		-1,~~031~~027,~~988~~172.4387
Partial Prepayments										-117,~~210~~214.8829		-~~170~~105,~~761~~629.1248		-~~181~~112,~~972~~843.0077
Full Voluntary Prepayments										-32,~~428~~224,~~213~~698.1820		-717,~~314~~659,~~919~~609.0406		-1019,~~743~~884,~~132~~307.2226
Repurchases										-0.00		-~~881~~709,~~831~~632.7387		-~~881~~709,~~831~~632.7387
Liquidations										-0.00		-0.00		-0.00
Current										~~195~~193,~~924~~567,~~327~~635.0731		1,~~291~~271,~~237~~859,~~050~~785.6564		1,~~487~~465,~~161~~427,~~377~~420.7295
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 9 of 27
Page 9 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.46360%		8.12134%		8.03387%
Weighted Average Coupon Prior										7.46360%		8.12134%		8.03387%
Weighted Average Coupon Current										7.~~46360~~43604%		8.~~12134~~11774%		8.~~03387~~02793%
Weighted Average Months to Maturity Original										356		351		352
Weighted Average Months to Maturity Prior										356		351		352
Weighted Average Months to Maturity Current										~~356~~355		~~351~~350		~~352~~351
Weighted Avg Remaining Amortization Term Original										356		351		352
Weighted Avg Remaining Amortization Term Prior										356		351		352
Weighted Avg Remaining Amortization Term Current										~~356~~355		~~351~~350		~~352~~351
Weighted Average Seasoning Original										1.78		1.86		1.85
Weighted Average Seasoning Prior										1.78		1.86		1.85
Weighted Average Seasoning Current										12.78		12.8685		12.8584
Page 10 of 27
Page 10 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.77391%		5.92637%		5.90785%
Weighted Average Margin Prior										5.77391%		5.92637%		5.90785%
Weighted Average Margin Current										5.~~77391~~76754%		5.~~92637~~92704%		5.~~90785~~90794%
Weighted Average Max Rate Original										13.74253%		14.30095%		14.23313%
Weighted Average Max Rate Prior										13.74253%		14.30095%		14.23313%
Weighted Average Max Rate Current										13.~~74253~~71106%		14.~~30095~~29770%		14.~~23313~~22746%
Weighted Average Min Rate Original										7.74253%		8.30095%		8.23313%
Weighted Average Min Rate Prior										7.74253%		8.30095%		8.23313%
Weighted Average Min Rate Current										7.~~74253~~71106%		8.~~30095~~29770%		8.~~23313~~22746%
Weighted Average Cap Up Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current										1.00000%		1.00000%		1.00000%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees										8381,~~120~~635.4614		9063,~~854~~618.5704		~~173~~145,~~975~~253.0418
Delinquent Servicing Fees										6164,~~517~~695.4996		~~389~~409,~~507~~701.6144		~~451~~474,~~025~~397.1040
TOTAL SERVICING FEES										8381,~~120~~635.4714		~~541~~538,~~879~~015.6846		~~625~~619,~~000~~650.1560
Total Servicing Fees										8381,~~120~~635.4714		~~541~~538,~~879~~015.6846		~~625~~619,~~000~~650.1560
Compensating Interest										-~~3,873~~0.7300		-629,~~833~~986.9902		-1029,~~707~~986.7102
Delinquent Servicing Fees										-6164,~~517~~695.4996		-~~389~~409,~~507~~701.6144		-~~451~~474,~~025~~397.1040
COLLECTED SERVICING FEES										1716,~~729~~939.2518		~~145~~98,~~538~~328.0900		~~163~~115,267.3418
Total Advanced Interest										~~856~~901,~~186~~358.3170		56,~~977~~288,~~766~~083.3193		67,~~833~~189,~~952~~442.6263
Total Advanced Principal										8998,~~498~~965.5797		~~629~~674,~~410~~710.4560		~~718~~773,~~909~~676.0257
Aggregate Advances with respect to this Distribution										~~945~~1,~~684~~000,324.8867		6,~~607~~962,~~176~~794.7552		7,~~552~~963,~~861~~119.6319
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										~~3,873~~0.7300		629,~~833~~986.9902		1029,~~707~~986.7202
Compensating Interest										-~~3,873~~0.7300		-629,~~833~~986.9902		-1029,~~707~~986.7102
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Ending Pool Stated Principal Balance										~~195~~193,~~924~~567,~~327~~635.0731		1,~~291~~271,~~237~~859,~~050~~785.6564		1,~~487~~465,~~161~~427,~~377~~420.7295
Weighted Average Net Mortgage Rate										6.~~844984~~808066%		7.~~714623~~711412%		7.~~588923~~707577%
Page 11 of 27
Page 11 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				03,411,912.0022		0.00		0.00		03,411,912.0022
			% Balance				0.0023%		0.00%		0.00%		0.0023%
			# Loans				022		0		0		022
			% # Loans				0.0024%		0.00%		0.00%		0.0024%
	FORECLOSURE		Balance		0.00		0987,052.0021		0.00		0.00		0987,052.0021
			% Balance		0.00%		0.0007%		0.00%		0.00%		0.0007%
			# Loans		0		09		0		0		09
			% # Loans		0.00%		0.0010%		0.00%		0.00%		0.0010%
	BANKRUPTCY		Balance		0488,329.0091		0.00		0.00		0.00		0488,329.0091
			% Balance		0.0003%		0.00%		0.00%		0.00%		0.0003%
			# Loans		05		0		0		0		05
			% # Loans		0.0005%		0.00%		0.00%		0.00%		0.0005%
	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		0488,329.0091		04,398,964.0043		0.00		0.00		04,887,294.0034
			% Balance		0.0003%		0.0030%		0.00%		0.00%		0.0033%
			# Loans		05		031		0		0		036
			% # Loans		0.0005%		0.0034%		0.00%		0.00%		0.0039%
Page 12 of 27
Page 12 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				03,411,912.0022		0.00		0.00		03,411,912.0022
			% Balance				0.0027%		0.00%		0.00%		0.0027%
			# Loans				022		0		0		022
			% # Loans				0.0025%		0.00%		0.00%		0.0025%
	FORECLOSURE		Balance		0.00		0987,052.0021		0.00		0.00		0987,052.0021
			% Balance		0.00%		0.0008%		0.00%		0.00%		0.0008%
			# Loans		0		09		0		0		09
			% # Loans		0.00%		0.0010%		0.00%		0.00%		0.0010%
	BANKRUPTCY		Balance		0488,329.0091		0.00		0.00		0.00		0488,329.0091
			% Balance		0.0004%		0.00%		0.00%		0.00%		0.0004%
			# Loans		05		0		0		0		05
			% # Loans		0.0006%		0.00%		0.00%		0.00%		0.0006%
	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		0488,329.0091		04,398,964.0043		0.00		0.00		04,887,294.0034
			% Balance		0.0004%		0.0035%		0.00%		0.00%		0.0038%
			# Loans		05		031		0		0		036
			% # Loans		0.0006%		0.0035%		0.00%		0.00%		0.0041%
Page 13 of 27
Page 13 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		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%
	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		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%
Page 14 of 27
Page 14 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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
TOTAL
Page 15 of 27
Page 15 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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
TOTAL
111885406 1
Page 16 of 27
			108,000.00		107,856.96		01-May-2005		10.050%		OR - 80.00%		360		01-Jun-2005
114414964 1			99,000.00		98,857.31		01-May-2005		9.650%		TN - 90.00%		360		01-Jun-2005
115302762 1			132,000.00		131,657.13		01-May-2005		6.750%		OK - 82.50%		360		01-Jun-2005
115507709 1			71,000.00		70,879.07		01-May-2005		8.850%		TN - 83.53%		360		01-Jun-2005
115728941 1			259,000.00		258,431.19		01-May-2005		7.600%		CA - 64.75%		360		01-Jun-2005
115733669 1			60,000.00		59,922.21		01-May-2005		10.150%		IL - 70.59%		360		01-Jun-2005
115838963 1			110,500.00		110,403.97		01-May-2005		11.990%		FL - 65.00%		360		01-Jun-2005
116092461 1			63,750.00		63,659.06		01-May-2005		9.700%		MI - 75.00%		360		01-Jun-2005
116546383 1			85,500.00		85,385.31		01-May-2005		9.990%		LA - 74.35%		360		01-Jun-2005
TOTAL			988,750.00		987,052.21
Page 16 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										85		43102		51107
Number of Repurchased Loans										0		54		54
Total Number of Loans Prepaid in Full										85		48106		56111
Curtailments Amount										117,~~210~~214.8829		~~170~~105,~~761~~629.1248		~~181~~112,~~972~~843.0077
Paid in Full Balance										32,~~428~~224,~~213~~698.1820		717,~~314~~659,~~919~~609.0406		1019,~~743~~884,~~132~~307.2226
Repurchased Loans Balance										0.00		~~881~~709,~~831~~632.7387		~~881~~709,~~831~~632.7387
Total Prepayment Amount										32,~~439~~231,~~424~~912.0649		818,~~367~~474,~~511~~871.8941		1120,~~806~~706,~~935~~783.9590
Cumulative
Number of Paid in Full Loans										813		43145		51158
Number of Repurchased Loans										0		59		59
Total Number of Loans Prepaid in Full										813		48154		56167
Paid in Full Balance										35,~~428~~652,~~213~~911.1838		724,~~314~~974,~~919~~528.0410		1030,~~743~~627,~~132~~439.2248
Repurchased Loans Balance										0.00		~~881~~1,~~831~~591,464.7360		~~881~~1,~~831~~591,464.7360
Curtailments Amount										1118,~~210~~425.8817		~~170~~276,~~761~~390.1260		~~181~~294,~~972~~815.0077
Total Prepayment Amount										35,~~439~~671,~~424~~336.0655		826,~~367~~842,~~511~~383.8930		1132,~~806~~513,~~935~~719.9585
Page 17 of 27
Page 17 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										1.7314%		01.6443%		01.7939%
3 Months Avg SMM										1.7343%		01.6404%		01.7909%
12 Months Avg SMM										1.7343%		01.6404%		01.7909%
Avg SMM Since Cut-off										1.7343%		01.6404%		01.7909%
CPR										1812.85%		715.4689%		915.0550%
3 Months Avg CPR										1815.8590%		711.4678%		912.0533%
12 Months Avg CPR										1815.8590%		711.4678%		912.0533%
Avg CPR Since Cut-off										1815.8590%		711.4678%		912.0533%
PSA										52,~~307~~313.5691%		2,~~009~~785.1679%		2,~~452~~726.7906%
3 Months Avg PSA Approximation										53,~~307~~493.5608%		2,~~009~~501.1601%		~~#######~~2,631.10%
12 Months Avg PSA Approximation										53,~~307~~493.5608%		2,~~009~~501.1601%		2,~~452~~631.7810%
Avg PSA Since Cut-off Approximation										53,~~307~~493.5608%		2,~~009~~501.1601%		2,~~452~~631.7810%
Page 18 of 27
Page 18 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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 19 of 27
Page 19 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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
97706568 1			108,000.00		107,575.32			29-Jun-2005		8.200%		FL - 71.52%		Paid Off - 360		01-Jan-2005
106590201 1			240,000.00		239,133.41			12-Jul-2005		7.700%		CA - 74.84%		Paid Off - 360		01-Mar-2005
104520846 2			467,000.00		465,122.84			27-Jun-2005		5.990%		CA - 87.34%		Paid Off - 360		01-Mar-2005
106766124 1			100,000.00		99,659.30			18-Jul-2005		7.990%		FL - 52.63%		Paid Off - 360		01-Mar-2005
109034629 1			274,500.00		273,674.49			29-Jun-2005		5.990%		CA - 90.00%		Paid Off - 360		01-Apr-2005
108786583 1			246,866.00		246,303.33			04-Aug-2005		8.850%		GA - 77.15%		Paid Off - 360		01-Apr-2005
109149385 1			261,120.00		260,458.16			29-Jun-2005		6.990%		MA - 85.00%		Paid Off - 360		01-Apr-2005
108817180 1			310,420.00		309,768.80			01-Aug-2005		9.250%		CA - 85.00%		Paid Off - 360		01-Apr-2005
109862144 1			238,500.00		238,058.96			14-Jun-2005		8.450%		NY - 90.00%		Paid Off - 360		01-Apr-2005
108936485 1			135,012.00		134,599.29			26-Jul-2005		7.400%		FL - 79.42%		Paid Off - 360		01-Apr-2005
110610862 1			232,000.00		231,858.00			21-Jun-2005		8.450%		MD - 69.46%		Paid Off - 360		01-Jun-2005
108975129 1			275,625.00		274,731.07			12-Jul-2005		7.100%		CA - 87.50%		Paid Off - 360		01-Apr-2005
110994886 1			127,050.00		126,484.01			22-Jun-2005		7.950%		FL - 73.44%		Paid Off - 360		01-Apr-2005
109958421 1			250,000.00		249,131.71			04-Aug-2005		6.750%		CA - 64.41%		Paid Off - 360		01-Apr-2005
111029666 1			256,000.00		255,806.36			30-Jun-2005		10.750%		CA - 69.19%		Paid Off - 360		01-May-2005
110120243 1			235,581.00		235,191.22			22-Jul-2005		8.990%		FL - 74.79%		Paid Off - 360		01-May-2005
112957303 1			86,500.00		86,244.89			01-Jul-2005		9.150%		PA - 66.03%		Paid Off - 240		01-May-2005
110572120 1			232,000.00		231,732.73			13-Jul-2005		10.700%		NJ - 72.50%		Paid Off - 360		01-May-2005
113379440 2			393,500.00		393,011.62			27-Jun-2005		8.400%		NV - 75.72%		Paid Off - 360		01-May-2005
111210662 1			60,500.00		60,449.57			09-Aug-2005		10.300%		GA - 48.59%		Paid Off - 360		01-Jun-2005
113493183 2			468,000.00		467,323.79			22-Jun-2005		7.650%		CA - 89.14%		Paid Off - 360		01-May-2005
111553962 1			300,000.00		298,651.24			02-Aug-2005		6.990%		MD - 75.95%		Paid Off - 360		01-May-2005
113800023 1			148,500.00		148,269.89			14-Jun-2005		7.300%		ME - 49.50%		Paid Off - 360		01-May-2005
111676847 1			156,000.00		155,824.13			02-Aug-2005		10.800%		MN - 75.00%		Paid Off - 360		01-May-2005
113811046 1			67,500.00		67,170.29			30-Jun-2005		9.990%		GA - 64.29%		Paid Off - 120		01-Jun-2005
111730081 1			157,500.00		157,199.70			13-Jul-2005		8.300%		FL - 73.26%		Paid Off - 360		01-May-2005
114645245 1			87,750.00		87,693.47			06-Jul-2005		8.200%		FL - 75.00%		Paid Off - 360		01-Jun-2005
111784260 1			236,000.00		235,471.26			26-Jul-2005		7.500%		FL - 65.56%		Paid Off - 360		01-May-2005
114654742 1			86,400.00		86,332.80			22-Jun-2005		7.400%		FL - 80.00%		Paid Off - 360		01-Jun-2005
112000682 1			282,000.00		281,281.63			14-Jul-2005		6.850%		MD - 86.77%		Paid Off - 360		01-May-2005
114864986 1			107,000.00		106,952.56			07-Jul-2005		9.990%		WI - 88.43%		Paid Off - 360		01-Jun-2005
112011606 1			184,000.00		183,575.28			26-Jul-2005		7.350%		MN - 87.62%		Paid Off - 360		01-May-2005
115370942 2			405,000.00		404,869.14			05-Jul-2005		11.450%		CA - 90.00%		Paid Off - 360		01-Jun-2005
112095161 1			139,000.00		138,745.59			30-Jul-2005		8.500%		FL - 79.43%		Paid Off - 360		01-May-2005
115375149 1			150,000.00		149,866.25			05-Jul-2005		6.650%		FL - 79.79%		Paid Off - 360		01-Jun-2005
112517909 1			60,000.00		59,917.09			01-Aug-2005		9.850%		UT - 42.86%		Paid Off - 360		01-May-2005
115452005 1			78,000.00		77,965.42			23-Jun-2005		9.990%		FL - 60.00%		Paid Off - 360		01-Jun-2005
112673629 1			186,000.00		185,663.03			20-Jul-2005		8.550%		MD - 77.21%		Paid Off - 360		01-May-2005
115480246 1			161,100.00		161,013.81			21-Jun-2005		9.100%		MD - 90.00%		Paid Off - 360		01-Jun-2005
112864087 1			212,000.00		211,525.03			12-Jul-2005		7.500%		CA - 69.90%		Paid Off - 360		01-May-2005
115623969 2			398,000.00		397,758.89			16-Jun-2005		8.500%		CA - 66.89%		Paid Off - 360		01-Jun-2005
112902341 1			244,000.00		242,701.83			13-Jul-2005		7.700%		NJ - 80.00%		Paid Off - 240		01-May-2005
115858920 1			100,300.00		100,264.15			01-Jul-2005		10.990%		SC - 85.00%		Paid Off - 360		01-Jun-2005
112912480 1			162,000.00		161,622.32			25-Jul-2005		7.300%		FL - 90.00%		Paid Off - 360		01-May-2005
115930125 1			263,500.00		263,431.03			30-Jun-2005		12.400%		CA - 85.00%		Paid Off - 360		01-Jun-2005
113232169 1			272,000.00		271,823.36			11-Jul-2005		11.450%		CA - 80.00%		Paid Off - 360		01-Jun-2005
115966483 1			321,000.00		320,860.99			24-Jun-2005		10.100%		CA - 69.97%		Paid Off - 360		01-Jun-2005
113817886 1			71,700.00		71,619.22			01-Aug-2005		8.950%		FL - 43.72%		Paid Off - 360		01-Jun-2005
116024464 1			93,888.00		93,862.59			28-Jun-2005		12.250%		NY - 90.00%		Paid Off - 360		01-Jun-2005
114548142 1			231,875.00		231,492.99			08-Aug-2005		6.990%		CA - 87.50%		Paid Off - 360		01-Jun-2005
116047580 2			457,459.00		457,309.55			05-Jul-2005		11.400%		CA - 76.24%		Paid Off - 360		01-Jun-2005
114842305 1			62,000.00		61,926.14			10-Aug-2005		8.600%		NV - 25.31%		Paid Off - 360		01-Jun-2005
116169764 1			119,200.00		119,146.13			07-Jul-2005		9.900%		WI - 74.79%		Paid Off - 360		01-Jun-2005
114873284 1			97,750.00		97,642.58			01-Aug-2005		8.990%		MI - 85.00%		Paid Off - 360		01-Jun-2005
116346008 1			312,000.00		311,825.99			28-Jun-2005		8.900%		NJ - 66.38%		Paid Off - 360		01-Jun-2005
114985286 1			99,900.00		99,788.14			20-Jul-2005		8.900%		SC - 87.63%		Paid Off - 360		01-Jun-2005
116523846 1			170,000.00		169,901.17			30-Jun-2005		8.700%		WI - 88.54%		Paid Off - 360		01-Jun-2005
115086985 1			167,875.00		167,517.24			20-Jul-2005		7.750%		CA - 84.87%		Paid Off - 360		01-May-2005
116682022 1			292,000.00		291,803.67			30-Jun-2005		7.990%		NJ - 89.85%		Paid Off - 360		01-Jun-2005
115142267 2			423,000.00		422,756.18			03-Aug-2005		11.990%		CA - 90.00%		Paid Off - 360		01-Jun-2005
116823642 1			77,000.00		76,948.22			27-Jun-2005		7.990%		FL - 63.60%		Paid Off - 360		01-Jun-2005
115163644 1			245,000.00		244,560.10			04-Aug-2005		6.550%		CA - 69.52%		Paid Off - 360		01-Jun-2005
116853367 1			221,400.00		221,400.00			06-Jul-2005		9.990%		AZ - 90.00%		Paid Off - 360		01-Jul-2005
115194201 1			125,500.00		125,344.24			02-Aug-2005		8.400%		MD - 60.34%		Paid Off - 360		01-Jun-2005
117057224 1			117,000.00		116,938.70			08-Jul-2005		9.200%		FL - 70.91%		Paid Off - 360		01-Jun-2005
115285447 1			146,250.00		146,081.10			01-Aug-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Jun-2005
117179085 1			140,000.00		139,929.67			28-Jun-2005		9.400%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
115338642 1			68,949.00		68,826.80			30-Jul-2005		7.990%		MO - 82.97%		Paid Off - 360		01-Jun-2005
117272187 1			127,750.00		127,683.77			27-Jun-2005		9.250%		KS - 87.50%		Paid Off - 360		01-Jun-2005
115349201 1			135,900.00		135,726.07			25-Jul-2005		8.250%		MN - 90.00%		Paid Off - 360		01-Jun-2005
117361048 1			142,000.00		142,000.00			01-Jul-2005		9.500%		NC - 53.59%		Paid Off - 360		01-Jul-2005
115355661 1			97,500.00		97,338.11			27-Jul-2005		6.950%		WI - 72.22%		Paid Off - 360		01-Jun-2005
117402644 1			110,000.00		109,908.93			06-Jul-2005		6.950%		WI - 79.71%		Paid Off - 360		01-Jun-2005
115444440 1			176,000.00		175,724.55			27-Jul-2005		7.250%		RI - 57.86%		Paid Off - 360		01-Jun-2005
Page 20 of 27
Page 20 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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
117517227 2			446,250.00		445,975.12			28-Jun-2005		8.900%		MD - 85.00%		Paid Off - 360		01-Jun-2005
115519282 1			333,000.00		332,595.09			20-Jul-2005		8.500%		NY - 43.25%		Paid Off - 360		01-Jun-2005
117810721 1			214,690.00		214,586.60			30-Jun-2005		9.600%		AK - 88.78%		Paid Off - 360		01-Jun-2005
115548265 1			143,325.00		143,084.67			08-Aug-2005		6.900%		CA - 49.00%		Paid Off - 360		01-Jun-2005
117900985 2			397,000.00		396,842.23			24-Jun-2005		10.500%		CA - 84.47%		Paid Off - 360		01-Jun-2005
115566960 1			297,000.00		296,596.04			09-Aug-2005		7.950%		CA - 90.00%		Paid Off - 360		01-Jun-2005
117925826 1			302,600.00		302,458.82			22-Jun-2005		9.750%		WI - 84.76%		Paid Off - 360		01-Jun-2005
115707523 1			157,348.00		157,205.19			13-Jul-2005		9.900%		WI - 74.93%		Paid Off - 360		01-Jun-2005
117962589 1			144,000.00		143,889.88			22-Jun-2005		7.350%		RI - 80.00%		Paid Off - 360		01-Jun-2005
115714420 1			173,000.00		172,734.58			05-Aug-2005		7.350%		WI - 72.08%		Paid Off - 360		01-Jun-2005
117996900 1			138,000.00		137,890.18			22-Jun-2005		7.150%		WI - 78.86%		Paid Off - 360		01-Jun-2005
115734345 1			75,000.00		74,933.22			25-Jul-2005		9.990%		FL - 60.00%		Paid Off - 360		01-Jun-2005
118082460 1			139,400.00		139,334.96			05-Jul-2005		9.750%		MO - 85.00%		Paid Off - 360		01-Jun-2005
115744880 1			178,000.00		177,838.46			29-Jul-2005		9.900%		MD - 84.76%		Paid Off - 360		01-Jun-2005
118238864 1			90,750.00		90,708.11			05-Jul-2005		9.800%		WI - 75.00%		Paid Off - 360		01-Jun-2005
115765604 1			198,000.00		197,730.69			25-Jul-2005		7.950%		WA - 90.00%		Paid Off - 360		01-Jun-2005
118260181 1			185,000.00		184,854.24			07-Jul-2005		7.200%		RI - 77.08%		Paid Off - 360		01-Jun-2005
115903023 1			82,500.00		81,957.27			26-Jul-2005		6.550%		RI - 37.81%		Paid Off - 180		01-Jun-2005
118626589 1			69,750.00		69,750.00			23-Jun-2005		10.990%		FL - 75.00%		Paid Off - 360		01-Jul-2005
115944746 1			93,500.00		93,419.53			04-Aug-2005		10.150%		MD - 85.00%		Paid Off - 360		01-Jun-2005
118806025 1			178,000.00		177,866.56			30-Jun-2005		7.450%		ME - 89.00%		Paid Off - 360		01-Jun-2005
116120361 1			136,048.00		135,912.21			15-Jul-2005		9.450%		SC - 73.54%		Paid Off - 360		01-Jun-2005
119112407 1			293,250.00		293,250.00			08-Jul-2005		11.800%		CO - 85.00%		Paid Off - 360		01-Jul-2005
116147760 1			328,000.00		327,501.79			09-Aug-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Jun-2005
120056643 1			229,500.00		229,500.00			23-Jun-2005		9.300%		CA - 90.00%		Paid Off - 360		01-Jul-2005
116196007 1			118,500.00		117,627.52			13-Jul-2005		7.400%		CA - 77.45%		Paid Off - 360		01-Jun-2005
120161781 1			259,500.00		259,500.00			27-Jun-2005		7.250%		NJ - 73.72%		Paid Off - 360		01-Jul-2005
116237900 1			65,558.00		65,505.65			13-Jul-2005		10.500%		IL - 45.85%		Paid Off - 360		01-Jun-2005
115519068 1			97,500.00		97,428.36			30-Jun-2005		7.550%		FL - 75.00%		Repur/Subs - 360		01-Jun-2005
116340043 1			153,000.00		152,747.94			13-Jul-2005		6.990%		MN - 61.72%		Paid Off - 360		01-Jun-2005
116672882 1			295,000.00		294,753.37			30-Jun-2005		6.900%		TN - 78.67%		Repur/Subs - 360		01-Jun-2005
116400722 1			242,000.00		241,639.68			26-Jul-2005		7.500%		MD - 84.49%		Paid Off - 360		01-Jun-2005
118770080 1			117,650.00		117,650.00			05-Jul-2005		6.700%		CA - 41.81%		Repur/Subs - 360		01-Jul-2005
116415225 1			93,000.00		92,933.18			10-Aug-2005		10.990%		NJ - 60.00%		Paid Off - 360		01-Jun-2005
118919869 1			60,000.00		60,000.00			30-Jun-2005		9.450%		TX - 80.00%		Repur/Subs - 360		01-Jul-2005
116510942 1			177,300.00		177,192.58			20-Jul-2005		8.500%		NH - 90.00%		Paid Off - 360		01-Jul-2005
119813806 1			312,000.00		312,000.00			28-Jun-2005		5.950%		HI - 65.46%		Repur/Subs - 360		01-Jul-2005
116539263 1			163,200.00		163,059.57			04-Aug-2005		10.150%		MD - 85.00%		Paid Off - 360		01-Jun-2005
TOTAL			11,635,757.00		11,624,963.95
116704602 1			113,750.00		113,562.60			08-Aug-2005		6.990%		NY - 87.50%		Paid Off - 360		01-Jun-2005
Page 21 of 27
116705849 1			299,000.00		298,748.15			21-Jul-2005		10.250%		CA - 89.79%		Paid Off - 360		01-Jun-2005
116830902 1			90,026.00		89,931.30			11-Jul-2005		9.200%		MD - 65.24%		Paid Off - 360		01-Jun-2005
116845082 2			424,000.00		423,086.39			04-Aug-2005		5.750%		MA - 73.10%		Paid Off - 360		01-Jun-2005
116849423 1			96,750.00		96,671.92			09-Aug-2005		10.450%		IL - 75.00%		Paid Off - 360		01-Jun-2005
116866500 1			175,000.00		174,744.58			28-Jul-2005		7.600%		FL - 87.50%		Paid Off - 360		01-Jun-2005
116947920 1			160,000.00		159,749.60			05-Aug-2005		7.250%		CA - 67.51%		Paid Off - 360		01-Jun-2005
116967282 1			168,750.00		168,508.59			01-Aug-2005		7.700%		ME - 76.71%		Paid Off - 360		01-Jun-2005
117011189 1			62,400.00		61,998.10			12-Jul-2005		9.450%		MD - 73.41%		Paid Off - 360		01-Jun-2005
117032862 1			134,000.00		133,806.38			27-Jul-2005		7.650%		NJ - 67.00%		Paid Off - 360		01-Jun-2005
117233007 1			212,500.00		212,332.18			20-Jul-2005		10.550%		IL - 85.00%		Paid Off - 360		01-Jun-2005
117316067 1			285,000.00		284,615.47			19-Jul-2005		7.990%		MD - 73.15%		Paid Off - 360		01-Jun-2005
117320309 1			134,000.00		133,819.20			08-Aug-2005		7.990%		FL - 89.33%		Paid Off - 360		01-Jun-2005
117374686 1			190,000.00		189,810.36			18-Jul-2005		9.450%		NJ - 54.29%		Paid Off - 360		01-Jun-2005
117399709 1			228,697.00		228,416.05			11-Jul-2005		8.450%		RI - 88.94%		Paid Off - 360		01-Jun-2005
117468322 1			216,835.00		216,623.08			25-Jul-2005		9.550%		AZ - 85.00%		Paid Off - 360		01-Jun-2005
117483024 1			114,204.00		114,057.84			11-Jul-2005		8.250%		CA - 43.82%		Paid Off - 360		01-Jun-2005
117521203 1			65,875.00		65,579.81			05-Aug-2005		10.850%		MI - 85.00%		Paid Off - 180		01-Jun-2005
117546788 2			490,000.00		489,326.75			10-Aug-2005		7.900%		MD - 74.81%		Paid Off - 360		01-Jun-2005
Page 21 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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
117576249 1			208,000.00		208,000.00			09-Aug-2005		7.200%		RI - 80.00%		Paid Off - 360		01-Jul-2005
117590265 1			106,250.00		106,132.39			11-Jul-2005		8.990%		LA - 86.03%		Paid Off - 360		01-Jun-2005
117604405 1			157,000.00		156,741.34			25-Jul-2005		6.990%		NV - 74.83%		Paid Off - 360		01-Jun-2005
117631804 1			76,204.00		76,109.41			14-Jul-2005		8.400%		MD - 56.19%		Paid Off - 360		01-Jun-2005
117704361 1			126,500.00		126,338.10			01-Aug-2005		8.250%		MD - 46.54%		Paid Off - 360		01-Jun-2005
117776302 1			157,700.00		157,448.27			15-Jul-2005		7.150%		MD - 87.61%		Paid Off - 360		01-Jun-2005
117876581 1			400,000.00		399,450.40			26-Jul-2005		7.900%		NY - 76.92%		Paid Off - 360		01-Jun-2005
117924225 1			70,000.00		69,466.65			03-Aug-2005		9.990%		NJ - 18.45%		Paid Off - 360		01-Jul-2005
117925743 1			60,000.00		59,958.39			13-Jul-2005		11.150%		MO - 60.00%		Paid Off - 360		01-Jun-2005
118141969 1			284,200.00		284,189.65			25-Jul-2005		5.990%		CA - 59.09%		Paid Off - 360		01-Jul-2005
118199363 1			180,000.00		179,859.36			01-Aug-2005		10.600%		IL - 75.00%		Paid Off - 360		01-Jun-2005
118408541 1			68,000.00		67,967.59			20-Jul-2005		9.650%		WI - 68.00%		Paid Off - 360		01-Jul-2005
118472562 2			440,000.00		439,846.49			08-Aug-2005		11.100%		CA - 79.28%		Paid Off - 360		01-Jul-2005
118505106 1			87,000.00		87,000.00			14-Jul-2005		7.250%		FL - 71.08%		Paid Off - 360		01-Jul-2005
118545664 1			238,500.00		238,232.99			05-Aug-2005		8.900%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
118549724 1			232,000.00		231,636.94			13-Jul-2005		7.250%		CA - 73.03%		Paid Off - 360		01-Jun-2005
118742261 2			450,000.00		449,682.39			03-Aug-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Jul-2005
118804541 1			113,000.00		112,949.47			15-Jul-2005		9.950%		MD - 74.83%		Paid Off - 360		01-Jul-2005
118871888 1			150,000.00		149,902.37			28-Jul-2005		8.150%		CO - 86.71%		Paid Off - 360		01-Jul-2005
118873181 1			#######		255,000.00			26-Jul-2005		10.050%		CA - 79.09%		Paid Off - 360		01-Jul-2005
119049203 1			221,250.00		221,250.00			26-Jul-2005		7.200%		FL - 87.45%		Paid Off - 360		01-Jul-2005
119102762 1			136,000.00		135,952.02			26-Jul-2005		11.050%		WI - 85.00%		Paid Off - 360		01-Jul-2005
119178382 1			185,550.00		185,465.25			01-Aug-2005		9.850%		MD - 71.12%		Paid Off - 360		01-Jul-2005
119194066 1			184,500.00		184,417.50			09-Aug-2005		9.950%		WI - 90.00%		Paid Off - 360		01-Jul-2005
119256444 1			245,000.00		245,000.00			01-Aug-2005		6.990%		MD - 65.51%		Paid Off - 360		01-Jul-2005
119300606 1			187,000.00		186,858.77			02-Aug-2005		8.350%		RI - 71.92%		Paid Off - 360		01-Jul-2005
119419547 1			135,000.00		134,898.79			01-Aug-2005		7.450%		NJ - 48.75%		Paid Off - 360		01-Jul-2005
119551240 1			283,500.00		283,500.00			14-Jul-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Jul-2005
119556066 1			62,800.00		62,763.87			29-Jul-2005		8.750%		NY - 80.00%		Paid Off - 360		01-Jul-2005
120015466 1			72,000.00		71,943.27			02-Aug-2005		7.200%		CA - 40.86%		Paid Off - 360		01-Jul-2005
120215306 1			135,000.00		134,936.34			10-Aug-2005		9.700%		MD - 84.17%		Paid Off - 360		01-Jul-2005
120241641 1			513,000.00		512,760.66			25-Jul-2005		9.750%		HI - 90.00%		Paid Off - 360		01-Jul-2005
115331621 1			348,000.00		347,530.48			18-Jul-2005		7.990%		FL - 87.00%		Repur/Subs - 360		01-Jun-2005
118062140 1			120,600.00		120,538.78			28-Jul-2005		9.350%		TN - 90.00%		Repur/Subs - 360		01-Jul-2005
118672740 1			167,000.00		166,896.73			11-Jul-2005		8.400%		MD - 59.64%		Repur/Subs - 360		01-Jul-2005
118920248 1			74,700.00		74,666.88			11-Jul-2005		9.990%		WI - 90.00%		Repur/Subs - 360		01-Jul-2005
TOTAL			20,624,023.00		20,593,940.13
Page 22 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
August 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Page 22 of 27
Page 23 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
DEFAULT SPEEDS
											Group 2		Group 1		Total
MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%
CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%
SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%
Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%
Page 23 of 27
Page 24 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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 24 of 27
Page 25 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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 25 of 27
Page 26 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										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
						Balances 60+ days includes REO, BKC and FCL								01,475,382.0012
						Delinquency Percentage								0.~~0000~~1007%
						Balance of Mezzanine and C Class								257,250,~~202~~002.1072
						Ending Pool Balance								1,~~487~~465,~~161~~427,~~377~~420.7295
						Credit Enhancement Percentage (Current Period)								17.~~2981~~5546%
						Credit Enhancement Percentage (Prior Period)								017.~~0000~~2981%
						Does a Sequential Trigger Exist? (0=No,1=Yes)								0
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current LIBOR Rate														3.~~300000~~460000%
Next LIBOR Rate														3.~~460000~~641250%
Page 26 of 27
Page 27 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
July 25, 2005 Distribution
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							3.6987%			$0.00		$0.00
			A-1B							3.7492%			$0.00		$0.00
			A-2A							3.5472%			$0.00		$0.00
			A-2B							3.6987%			$0.00		$0.00
			A-2C							34.8200%			$0.00		$0.00
			M-1							34.8907%			$0.00		$0.00
			M-2							34.9210%			$0.00		$0.00
			M-3							34.9513%			$0.00		$0.00
			M-4							4.0927%			$0.00		$0.00
			M-5							4.1129%			$0.00		$0.00
			M-6							4.1634%			$0.00		$0.00
			M-7							4.6886%			$0.00		$0.00
			M-8							4.8199%			$0.00		$0.00
			M-9							5.2139%			$0.00		$0.00
			M-10							6.4664%			$0.00		$0.00
			M-11							6.4664%			$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
			SWAP-IO							0.00%			$0.00		$0.00
			R-III							0.00%			$0.00		$0.00
Page 27 of 27
Page 28 of 28

Filing Compare · AMERIQUEST MORTGAGE SECURITIES INC., ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2005-R5