SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K /A
Current Report Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 2002
AMERIQUEST MORTGAGE SECURITIES INC.
(as depositor, Ameriquest Mortgage Company, in its capacity as
Originator and Master Servicer, Federal Home Loan Mortgage
Corporation and Deutsche Bank National Trust Company, as Trustee).
AMERIQUEST MORT SEC INC ASSET BK PASS THR CERT SER 2002-C
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-77012-05 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) 564-0660
Item 5. 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 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
November 25, 2002.
SIGNATURE
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,
not in its individual capacity, but solely
as a duly authorized agent of the Registrant
pursuant to the Pooling and Servicing
Agreement, dated as of October 1, 2002.
Date: Jan 23, 2003 By: /s/ Katherine M. Wannenmacher
Katherine M. Wannenmacher
Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of November 25, 2002.
| | | | | | | | | | | |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| |
| |
| November 25, 2002 Distribution |
| |
| |
| Contents |
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| | | | | | | | | | | |
| | | TABLE OF CONTENTS | | | | | | | | |
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& nbsp; | | | | | | | | | | | |
| | | 1. | Contents | | | | 1 | | | |
| | | 2. | Certificate Payment Report | | | | 2 | | | |
| | | 3. | Collection Account Report | | | | 10 | | | |
| | | 4. | Credit Enhancement Report | | | | 13 | | | |
| | | 5. | Collateral Report | | | | 14 | | | |
| | | 6. | Delinquency Report | | | | 17 | | | |
| | | 7. | REO Report | | | | 20 | | | |
| | | 8. | Foreclosure Report | | | | 21 | | | |
| | | 9. | Prepayment Report | | | | 22 | | | |
| | | 10. | Prepayment Detail Report | | | | 25 | | | |
| | | 11. | Realized Loss Report | | | | 27 | | | |
| | | 12. | Realized Loss Detail Report | | | | 30 | | | |
| | | 13. | Triggers, Adj. Rate Cert. and Miscellaneous Report | | | | 31 | | | |
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| | | | | & nbsp; | | | | | | |
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| | | | Total Number of Pages | | | | 31 | | | |
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| | | | | | | | | | | |
| | | CONTACTS | | | | | | | | |
| | | | | | | | | | | |
| | | | Administrator: Valerie M Delgado | | | | | | | |
| | & nbsp; | | Direct Phone Number: (714)247-6273 | | | | | | | |
| | | | Address: Deutsche Bank | | | | | | | |
| | | | 1761 E. St. Andrew Place, Santa Ana, CA 92705 | | | | | | | |
| | | | | | | | | | | |
| | | | Web Site: http://www.corporatetrust.db.com/invr | | | | | | | |
| | | | Factor Information: (800) 735-7777 | | & nbsp; | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
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ISSUANCE INFORMATION | | | | | | | | | | | |
| | | | | | | | | | | |
| Seller: | | Ameriquest Mtg Sec Inc | | | | | Cut-Off Date: October 1, 2002 | | | |
| Certificate Insurer(s): | | | &nb sp; | | | | Closing Date: October 7, 2002 | | | |
| | | | | | | | First Payment Date: November 25, 2002 | | | |
| Servicer(s): | | Ameriquest Mortgage Corp Master Servicer | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | Distribution Date: November 25, 2002 | | | |
| Underwriter(s): | | Banc of America Securities LLC Underwriter | | | | | Record Date: November 22, 2002 | | | |
| | | | | | | | October 31, 2002 | | | |
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| | | | | | Page 1 of 31 | | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC I |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - Current Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | | | |
Remic 1 | &n bsp; | 1,300,000,000.00 | 1,300,000,000.00 | 8,750,276.25 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 1,300,000,000.00 | 8,750,276.25 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Accrual Detail | | | | Current Period Factor Information per $1,000 of Original Face | | | | | | & nbsp; |
| | | | | | Orig. Principal | Prior | | | | Current |
| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
Class | Starting | Ending | Method | Cusip | Balance | Balance | Interest | Princi pal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
Remic 1 | 10/01/02 | 10/31/02 | - | | 1,300,000,000.00 | 1,000.000000 | 6.730982 | 6.187062 | 12.918044 | 993.812938 |
| | | | | | | | | | | |
&n bsp; | | | | | | | | | | | |
| | | | | | | Page 2 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC I |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - to Date | | | | | | | | | | |
| | | | | | | | | | Current |
| Original | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal |
Class | Face Value | Interest | Principal | Principal | Principal | Distribution | Losses | Interest | Balance |
| (1) | (2) | (3) | (4) | (5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) |
| | | | | | | | |
Remic 1 | 1,300,000,000.00 | 8,750,276.25 | - | 8,043,180.39 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | |
| | | | | | | | | |
Total | 1,300,000,000.00 | 8,750,276.25 | - | 8,043,180.39 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| 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 | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
Remic 1 | 8.23506% | 1,300,000,000. 00 | 8,750,276.25 | - | - | - | 8,750,276.25 | 8,750,276.25 | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 8,750,276.25 | - | - | - | 8,750,276.25 | 8,750,276.25 | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 3 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC II |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - C urrent Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | |
Remic 2 | | 1,300,000,000.00 | 1,300,000,000.00 | 8,750,276.25 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 1,300,000,000.00 | 8,750,276.25 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Accrual Detail | | | | Current Period Factor Information per $1,000 of Original Face | | | | | | |
| | | | | Orig. Princi pal | Prior | | | | Current |
| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
Class | Starting | Ending | Method | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
Remic 2 | 10/01/02 | 10/31/02 | - | | 1,300,000,000.00 | 1,000.000000 | 6 .730982 | 6.187062 | 12.918044 | 993.812938 |
| | | | | | | | &nbs p; | | | |
| | | | | | | | | | | |
| | | | | | | Page 4 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC II |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - to Date | | | | | | | | | | |
| | | | | | | | | | | Current |
| Original | | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal |
Class | Face V alue | Interest | Principal | Principal | Principal | Distribution | Losses | Interest | Balance |
| (1) | (2) | (3) | (4) | (5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) |
| | | &nb sp; | | | | | |
Remic 2 | 1,300,000,000.00 | 8,750,276.25 | - | 8,043,180.39 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | |
| | | | | | | | | |
Total | 1,300,000,000.00 | 8,750,276.25 | - | 8,043,180.39 | 8,043,180.39 | 16,793,456.64 | - | - | 1,291,956,819.61 |
| | | | | | | | | | | |
| | | &n bsp; | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| 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 | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
Remic 2 | 8.23506% | 1,300,000,000.00 | 8,750,276.25 | - | - | - | 8,750,276.25 | 8,750,276.25 | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 8,750,276.25 | - | - | - | 8,750,276.25 | 8,750,276.25 | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 5 of 31 | | &nbs p; | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC III |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - Current Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | |
Remic 3 | | 1,300,000,000.00 | 1,300,000,000.00 | 8,750,275.25 | 8,043,181.39 | 16,793,456.64 | - | - | 1,291,956,818.61 |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 1,300,000,000.00 | 8,750,275.25 | 8,043,181.39 | 16,793,456.64 | - | - | 1,291,956,818.61 |
&n bsp; | | | | | | | | | | | |
| | | | | | | | | | | |
| 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) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
Remic 3 | 10/01/02 | 10/31/02 | - | | 1,300,000,000.00 | 1,000.000000 | 6.730981 | 6.187063 | 12.918044 | 993.812937 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 6 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC II I |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | | | | | | | |
| | | | | | | | &nb sp; | | | |
| Distribution in Dollars - to Date | | | | | | | &nbs p; | | | |
| | | | | | | | | | | Current |
| Original | | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal |
Class | Face Value | Interest | Principal | Principal | Principal | Distribution | Losses | Interest | Balance |
| (1) | (2) | (3) | (4) | (5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) |
| | | | | | | | |
Remic 3 | 1,300,000,000.00 | 8,750,275.25 | - | 8,043,181.39 | 8,043,181.39 | 16,793,456.64 | - | - | 1,291,956,818.61 |
| | | | | | | | | |
| | | | | | | | | |
Total | 1,300,000,000.00 | 8,750,275.25 | - | 8,043,181.39 | 8,043,181.39 | 16,793,456.64 | - | - | 1,291,956,818.61 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| 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 | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
Remic 3 | 8.23506% | 1,300,000,000.00 | 8,750,275.25 | - | - | - | 8,750,275.25 | 8,750,275.25 | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 8,750,275.25 | - | - | - | 8,750,275.25 | 8,750,275.25 | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 7 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC IV |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | &n bsp; | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - Current Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | & nbsp; |
AF-1 | | 99,174,000.00 | 99,174,000.00 | 212,397.65 | 1,443,888.15 | 1,656,285.80 | - | - | 97,730,111.85 |
AF-2 | | 36,998,000.00 | 36,998,000.00 | 91,570.05 | - | 91,570.05 | - | - | 36,998,000.00 |
A F-3 | | 62,679,000.00 | 62,679,000.00 | 178,112.83 | - | 178,112.83 | - | - | 62,679,000.00 |
AF-4 | | 55,274,000.00 | 55,274,000.00 | 191,616.53 | - | 191,616.53 | - | - | 55,274,000.00 |
AF-5 | | 46,126,000.00 | 46,126,000.00 | 190,269.75 | - | 190,269.75 | - | - | 46,126,000.00 |
AF-6 | | 35,365,000.00 | 35,365,000.00 | 130,850.50 | - | 130,850.50 | - | - | 35,365,000.00 |
AV | | 898,084,000.00 | 898,084,000.00 | 2,383,664.62 | 6,599,392.24 | 8,983,056.86 | - | - | 891,484,607.76 |
M-1 | | 39,000,000.00 | 39,000,000.00 | 214,987.50 | - | 214,987.50 | - | - | 39,000,000.00 |
M-2 | | 16,900,000.00 | 16,900,000.00 | 95,461.53 | - | 95,461.53 | - | - | 16,900,000.00 |
S | | - | - | 595,833.33 | - | 595,833.33 | - | - | - |
CE | | 10,399,900.00 | 10,399,900.00 | 3,746,590.59 | - | 3,746,590.59 | - | 100.00 | 10,400,000.00 |
P | | 100.00 | 100.00 | 95, 783.01 | - | 95,783.01 | - | - | 100.00 |
R-3 | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,300,000,000.00 | 1,300,000,000.00 | 8,127,137.89 | 8,043,280.39 | 16,170,418.28 | - | 100.00 | 1,291,956,819.61 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| 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) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
AF-1 | 10/01/02 | 10/31/02 | F-30/360 | 31392VXE7 | 99,174,000.00 | 1,000.000000 | 2.141667 | 14.559140 | 16.700807 | 985.440860 |
AF-2 | 10/01/02 | 10/31/02 | F-30/360 | 31392VXF4 | 36,998,000.00 | 1,000.000000 | 2.475000 | - | 2.475000 | 1,000.000000 |
AF-3 | 10/01/02 | 10/31/02 | F-30/360 | 31392VXG2 | 62,679,000.00 | 1,000.000000 | 2.841667 | - | 2.841667 | 1,000.000000 |
AF-4 | 10/01/02 | 10/31/02 | F-30/360 | 31392VX98 | 55,274,000.00 | 1,000.000000 | 3.466667 | - | 3.466667 | 1,000.000000 |
AF-5 | 10/01/02 | 10/31/02 | F-30/360 | 31392VXA5 | 46,126,000.00 | 1,000.000000 | 4.125000 | - | 4.125000 | 1,000.000000 |
AF-6 | 10/01/02 | 10/31/02 | F-30/360 | 31392VXB3 | 35,365,000.00 | 1,000.000000 | 3.700000 | - | 3.700000 | 1,000.000000 |
AV | 10/07/02 | 11/24/02 | A-Act/360 | 31392VXD9 | 898,084,000.00 | 1,000.000000 | 2.654167 | 7.348302 | 10.002468 | 992.651698 |
M-1 | 10/07/02 | 11/24/02 | A-Act/360 | 03072SDF9 | 39,000,000.00 | 1,000.000000 | 5.512500 | - | 5.512500 | 1,000.000000 |
M-2 | 10/07/02 | 11/24/02 | A-Act/360 | 03072SDG7 | 16,900,000.00 | 1,000.000000 | 5.648611 | - | 5.648611 | 1,000.000000 |
S | 10/01/02 | 10/31/02 | F-30/360 | 31392VXC1 | 130,000,000.00 | 1,000.000000 | 4.583333 | - | 4.583333 | 1,000.000000 |
CE | 10/07/02 | 10/31/02 | A-30/360 | | 10,399,900.00 | 1,000.000000 | 360.252559 | - | 360.252559 | 1,000.009615 |
P | | | - | | 100.00 | 1,000.000000 | 957,830.100000 | - | 957,830.100000 | 1,000.000000 |
R-3 | | | - | | - | - | - | - | - | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 8 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C |
| Asset Backed Certificates |
| REMIC IV |
| Certificate Payment Report for November 25, 2002 Distribution |
| | | | | &nbs p; | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - to Date | | | | | | | | | | |
| | | | | | | | | | | Current |
| Original | | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal |
Class | Face Value | Interest | Principal | Principal | Principal | Distribution | Losses | Interest | Balance |
| (1) | (2) | (3) | (4) | ( 5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) |
| | | | | | | | |
AF-1 | 99,174,000.00 | 212,397.65 | 1,294,205.70 | 149,682.45 | 1,443,888.15 | 1,656,285.80 | - | - | 97 ,730,111.85 |
AF-2 | 36,998,000.00 | 91,570.05 | - | - | - | 91,570.05 | - | - | 36,998,000.00 |
AF-3 | 62,679,000.00 | 178,112.83 | - | - | - | 178,112.83 | - | - | 62,679,000.00 |
AF-4 | 55,274,000.00 | 191,616.53 | - | - | - | 191,616.53 | - | - | 55,274,000.00 |
AF-5 | 46,126,000.00 | 190,269.75 | - | - | - | 190,269.75 | - | - | 46,126,000.00 |
AF-6 | 35,365,000.00 | 130,850.50 | - | - | - | 130,850.50 | - | - | 35,365,000.00 |
AV | 898,084,000.00 | 2,383,664.62 | 5,915,258.10 | 684,134.14 | 6,599,392.24 | 8,983,056.86 | - | - | 891,484,607.76 |
M-1 | 39,000,000.00 | 214,987.50 | - | - | - | 214,987.50 | - | - | 39,000,000.00 |
M-2 | 16,900,000.00 | 95,461.53 | - | - | - | 95,461.53 | - | - | 16,900,000.00 |
S | - | 595,833.33 | - | - | - | 595,833.33 | - | - | - |
CE | 10,399,900.00 | 3,746,590.59 | - | - | - | 3,746,590.59 | - | 100.00 | 10,400,000.00 |
P | 100.00 | 95,783.01 | - | - | - | 95,783.01 | - | - | 100.00 |
R-3 | - | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 1,300,000,000.00 | 8,127,137.89 | 7,209,463.80 | 833,816.59 | 8,043,280.39 | 16,170,418.28 | - | 100.00 | 1,291,956,819.61 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| 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 | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
AF-1 | 2.57000% | 99,174,000.00 | 212,397.65 | - | - | - | 212,397.65 | 212,397.65 | - |
AF-2 | 2.97000% | 36,998,000.00 | 91,570.05 | - | - | - | 91,570.05 | 91,570.05 | - |
AF-3 | 3.41000% | 62,679,000.00 | 178,112.83 | - | - | - | 178,112.83 | 178,112.83 | - |
AF-4 | 4.16000% | 55,274,000.00 | 191,616.53 | - | - | - | 191,616.53 | 191,616.53 | - |
AF-5 | 4.95000% | 46,126,000.00 | 190,269.75 | - | - | - | 190,269.75 | 190,269.75 | - |
AF-6 | 4.44000% | 35,365,000.00 | 130,850.50 | - | - | - | 130,850.50 | 130,850.50 | - |
AV | 1.95000% | 898,084,000.00 | 2,383,664.62 | - | - | - | 2,383,664.62 | 2,383,664.62 | - |
M-1 | 4.05000% | 39,000,000.00 | 214,987.50 | - | - | - | 214,987.50 | 214,987.50 | - |
M-2 | 4.15000% | 16,900,000.00 | 95,461.53 | - | - | - | 95,461.53 | 95,461.53 | - |
S | 5.50000% | 130,000,000.00 | 595,833.33 | - | - | - | 595,833.33 | 595,833.33 | - |
CE | 3.45800% | 10,399,900.00 | 3,746,590.59 | - | - | - | 3,746,590.59 | 3,746,690.59 | - |
P | | 100.00 | 95,783.01 | - | - | - | 95,783.01 | 95,783.01 | - |
R-3 | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,430,000,000.00 | 8,127,137.89 | - | - | - | 8,127,137.89 | 8,127,237.89 | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 9 of 3 1 | | | | © COPYRIGHT 2002 Deutsche Bank |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2002 Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Principal Collections | | | | | 6,599,310.19 | 1,443,870.20 | 8,043,18 0.39 | | | |
| Principal Other Accounts | | | | | 6,975.58 | 0.00 | 6,975.58 | | | |
| TOTAL NET PRINCIPAL | | | | | 6,606,285.77 | 1,443,870.20 | 8,050,155.97 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 6,817,751.05 | 1,777,159.00 | 8,594,910.05 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 95,809.69 | 338,178.43 | 433,988.12 | | | |
| Interest Fees | | | | | (212,976.46) | (67,378.80) | (901,660.28) | | | |
| TOTAL NET INTEREST | | | | | 6,700,584.28 | 2,047,958.63 | 8,127,237.89 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS FOR DISTRIBUTION | | | | | 13,306,870.05 | 3,491,828.83 | 16,177,393.86 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - COLLECTIONS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Scheduled Principal Received | | | | | 589,176.66 | 237,564.35 | 826,741.01 | | | |
| Prepayments In Full | | | | | 4,476,940.26 | 898,482.21 | 5,375,422.47 | | | |
| Curtailments | | | | | 187,655.58 | 51,997.12 | 239,652.70 | | | |
| Liquidati ons | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Repurchased Principal Amounts | | | | | 1,338,562.11 | 255,826.52 | 1,594,388.63 | | | |
| Other Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Total Realized Loss Of Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Delinquent Principal | | | | | (262,051.27) | (88,850.29) | (350,901.56) | | | |
| Advanced Principal | | | | | 262,051.27 | 88,850.29 | 350,901.56 | | | |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 6,599,310.19 | 1,443,870.20 | 8,043,180.39 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collec tion Account Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - WITHDRAWALS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - OTHER ACCOUNTS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 6,975.58 | 0.00 | 6,975.58 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - COLLECTIONS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | 6,990,423.34 | 1,818,605.34 | 8,809,028.68 | | | |
| Liquidation Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Repurchased Interest | | | | | 9,922.03 | 2,163.87 | 12,085.90 | | | |
| Insurance Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Relief Act Interest Shortfalls | | | | | 0. 00 | 0.00 | 0.00 | | | |
| Prepayment Interest Shortfalls | | | | | (4,519.08) | (993.81) | (5,512.89) | | | |
| Compensating Interest | | | | | 4,519.08 | 993.81 | 5,512.89 | | | |
| Delinquent Interest | | | | | (3,293,826.03) | (725,147.37) | (4,018,973.40) | | | |
| Interest Advanced | | | | | 3,111,231.71 | 681,537.16 | 3,792,768.87 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST CO LLECTED | | | | | 6,817,751.05 | 1,777,159.00 | 8,594,910.05 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 11 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - WITHDRAWALS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Extraordinary Trust Fund Expenses | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL INTEREST WITHDRAWALS | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - OTHER ACCOUNTS | | | | | | GROUP 2 | GRO UP 1 | TOTAL | | | |
| | | |
| Prepayment Charges | | | | | 95,783.01 | 0.00 | 95,783.01 | | | |
| Capitalized Interest Requirement | | | | | 26.68 | 338,178.43 | 338,205.11 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER ACCOUNTS | | | | | 95,809.69 | 338,178.43 | 433,988.12 | | | |
| | | | | | | | | | | |
&nbs p; | | | | | | | | | | | |
INTEREST - FEES | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 211,714.66 | 66,907.26 | 278,621.92 | | | |
| | | | | | | | | | | |
| Trustee Fee | | | | | 1,261.80 | 471.54 | 1,733.33 | | | |
| Guarantee Fee | | | | | | | 621,305.03 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER FEES | | | | | 212,976.46 | 67,378.80 | 901,660.28 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 12 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Credit Enhancement Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Credit Enhancement Report | | | |
| | | & nbsp; | | | | | | | | |
| | | | | | | | | | | |
ACCOUNTS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INSURANCE | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
STRUCTURAL FEATURES | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Overcollateralized Amount | | | | | | | 10,400,000.00 | | | |
| Overcollateralization Release Amount | | | | | | | 0.00 | | | |
| Overcollateralization Deficiency Amount | | | | | | | 100.00 | | | |
| Overcollateralization Target Amount | | | | | | | 10,400,000.00 | | | |
| Excess Overcollateralization Amount | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 13 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 6871 | 1955 | 8826 | | | |
| Prior | | | | | - | - | - | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (26) | (7) | (33) | | | |
| Repurchases | | | | | (11) | (1) | (12) | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 6,834 | 1,947 | 8,781 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 946,341,572.42 | 265,241,897.93 | 1,211,583,470.35 | | | |
| Prior | | | | | - | - | - | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (589,176.66) | (237,564.35) | (826,741.01) | | | |
| Partial and Full Voluntary Prepayments | | | | | (4,664,595.84) | (950,479.33) | (5,615,075.17) | | | |
| Repurchases | | | | | (1,338,562.11) | (255,826.52) | (1,594,388.63) | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 939,749,237.81 | 263,798,027.73 | 1,203,547,265.54 | | | |
&nbs p; | | | | | | | | | | | |
PREFUNDING | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Initial Deposit | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Group 1 | | | | | | | | | | |
| Group 2 | | | | | | | | | | |
Current Prin Balance by Groups (in millions of dollars) | Total Current Principal Balance (in millions of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 8.876726% | 8.237473% | 8.736779% | | | |
| Weighted Average Coupon Prior | | | | | | | | | | |
| Weighted Average Coupon Current | | | | | 8.876726% | 8.237473% | 8.736779% | | | |
| Weighted Average Months to Maturity Original | | | | | 354 | 335 | 350 | | | |
| Weighted Average Months to Maturity Prior | | | | | - | - | - | | | |
&nb sp; | Weighted Average Months to Maturity Current | | | | | 354 | 335 | 350 | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | 353 | 334 | 349 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | - | - | - | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | 353 | 334 | 349 | | | |
| Weighted Average Se asoning Original | | | | | 2.27 | 2.59 | 2.34 | | | |
| Weighted Average Seasoning Prior | | | | | - | - | - | | | |
| Weighted Average Seasoning Current | | | | | 2.27 | 2.59 | 2.34 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Group 1 | | | | | | | | | | |
| Group 2 | | | | | | | | | | &nbs p; |
WAC by Groups | Total WAC | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
WARAT by Groups | Total WARAT | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 15 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 6.407% | | | | | |
| Weighted Average Margin Prior | | | | | | | | | | |
| Weighted Average Margin Current | | | | | 6.407% | | | | | |
| Weighted Average Max Rate Original | | | | | 14.877% | 0.065% | | | | |
| Weighted Average Max Rate Prior | | | | | | | | | | |
| Weighted Average Max Rate Current | | | | | 14.877% | 0.065% | | | | |
| Weighted Average Min Rate Original | | | | | 8.877% | 8.237% | | | | |
| Weighted Average Min Rate Prior | | | | | | | | | | |
| Weighted Average Min Rate Current | | | | | 8.877% | 8.237% | | | | |
| Weighted Average Cap Up Original | | | | | 1.000% | | | | | |
| Weighted Average Cap Up Prior | | | | | | | | | | |
| Weighted Average Cap Up Current | | | | | 1.000% | | | | | |
| Weighted Average Cap Down Original | | | | | 1.000% | | | | | |
| Weighted Average Cap Down Prior | | | | | | | | | | |
| Weighted Average Cap Down Current | | | | | 1.000% | | | | | |
| | | | | | | | | | | |
Note : Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 211,714.66 | 66,907.26 | 278,621.92 | | | |
| Delinquent Servicing Fees | | | | | 182,594.33 | 43,610.20 | 226,204.53 | | | |
| TOTAL SERVICING FEES | | | | | 394,308.99 | 110,517.46 | 504,826.45 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Compensating Interest | | | | | (4,519.08) | (993.81) | (5,512.89) | | | |
| Delinquent Servicing Fees | | | | | (182,594.33) | (43,610.20) | (226,204.53) | | | |
| COLLECTED SERVICING FEES | | | | | 207,195.58 | 65,913.45 | 273,109.03 | | | |
| Aggregate Advances with respect to this Distribution | | | | | 3,373,282.98 | 770,387.45 | 4,143,670.43 | | | |
| | | | | | | | | | | |
| Current Nonrecoverable Advances | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Net Prepayment Interest Shortfall | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 16 of 31 | | | | © COPYRIGHT 2002 De utsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | CURRENT | 1 PAYMENT | 2 PAYMTS | 3+ PAYMTS | TOTAL | | | |
DELINQUENT | | Balance | | | 85,538.58 | - | - | 85,538.58 | | | |
| | % Balance | | | 0.01% | 0.00% | 0.00% | 0.01% | | | |
| | # Loans | | | 1 | - | - | 1 | | | |
| | % # Loans | | | 0.01% | 0.00% | 0.00% | 0.01% | | | |
FORECLOSURE | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
BANKRUPTCY | | Balance | | 861,021.82 | - | - | - | 861,021.82 | | | |
| | % Balance | | 0.07% | 0.00% | 0.00% | 0.00% | 0.07% | | | |
| | # Loans | | 5 | - | - | - | 5 | | | |
| | % # Loans | | 0.06% | 0.00% | 0.00% | 0.00% | 0.06% | | | |
REO | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | 861,021.82 | 85,538.58 | - | - | 946,560.40 | | | |
| | % Balance | | 0.07% | 0.01% | 0.00% | 0.00% | 0.08% | | | |
| | # Loans | | 5 | 1 | - | - | 6 | | | |
| | % # Loans | | 0.06% | 0.01% | 0.00% | 0.00% | 0.07% | | | |
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | | | | | | ; | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | &nb sp; | | | | | | |
| | | | Page 17 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Group 1 Group | | | |
| | | | | | | | | | & nbsp; | |
| | | | | | | | | | | |
| | | | CURRENT | 1 PAYMENT | 2 PAYMTS | 3+ PAYMTS | TOTAL | | | |
DELINQUENT | | Balance | | | - | - | - | - | | | |
| | % Balance | | | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | | - | - | - | - | | | |
| | % # Loans | | | 0.00% | 0.00% | 0.00% | 0.00% | | | |
FORECLOSURE | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
BANKRUPTCY | | Balance | | 99,594.92 | - | - | - | 99,594.92 | | | |
| | % Balance | | 0.04% | 0.00% | 0.00% | 0.00% | 0.04% | | | |
| | # Loans | | 1 | - | - | - | 1 | | | |
| | % # Loans | | 0.05% | 0.00% | 0.00% | 0.00% | 0.05% | | | |
REO | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | 99,594.92 | - | - | - | 99,594.92 | | | |
| | % Balance | | 0.04% | 0.00% | 0.00% | 0.00% | 0.04% | | | |
| | # Loans | | 1 | - | - | - | 1 | | | |
| | % # Loans | | 0.05% | 0.00% | 0.00% | 0.00% | 0.05% | | | |
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | | | | | | | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | &nbs p; | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | & nbsp; | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 18 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Group 2 Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | CURRENT | 1 PAYMENT | 2 PAYMTS | 3+ PAYMTS | TOTAL | | | |
DELINQUENT | | Balance | | | 85,538.58 | - | - | 85,538.58 | | | |
| | % Balance | | | 0.01% | 0.00% | 0.00% | 0.01% | | | |
| | # Loans | | | 1 | - | - | 1 | | | |
| | % # Loans | | | 0.01% | 0.00% | 0.00% | 0.01% | | | |
FORECLOSURE | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0. 00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
BANKRUPTCY | | Balance | | 761,426.90 | - | - | - | 761,426.90 | | | |
| | % Balance | | 0.08% | 0.00% | 0.00% | 0.00% | 0.08% | | | |
| | # Loans | | 4 | - | - | - | 4 | | | |
| | % # Loans | | 0.06% | 0.00% | 0.00% | 0.00% | 0.06% | | | |
REO | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
TOTAL | & nbsp; | Balance | | 761,426.90 | 85,538.58 | - | - | 846,965.48 | | | |
| | % Balance | | 0.08% | 0.01% | 0.00% | 0.00% | 0.09% | | | |
| | # Loans | &nb sp; | 4 | 1 | - | - | 5 | | | |
| | % # Loans | | 0.06% | 0.01% | 0.00% | 0.00% | 0.07% | | | |
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | | | | | | | & nbsp; | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 19 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| REO Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| REO Report - Mortgage Loans that Become REO During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 0 | Loan Group 1 = Group 1 Group; REO Book Value = 000.00 | | | |
Total Original Principal Balance = 000.00 | Loan Group 2 = Group 2 Group; REO Book Value = 000.00 | | | | | | | |
Total Current Balance = 000.00 | | | | | | | | |
REO Book Value = 000.00 | | | | | | | | |
| | | | | | | | | | | |
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution. | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 20 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Foreclosure Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 0 | | | | Loan Group 1 = Group 1 Group | | | | | | | |
Total Original Principal Balance = 000.00 | | | | Loan Group 2 = Group 2 Group | | | | | | | |
Total Current Balance = 000.00 | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
S PACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 21 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mor tgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 26 | 7 | 33 | | | |
| Number of Repurchased Loans | | | | | 11 | 1 | 12 | | | |
| Total Number of Loans Prepaid in Full | | | | | 37 | 8 | 45 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 4,476,940.26 | 898,482.21 | 5,375,422.47 | | | |
| Repurchased Loans Balance | | | | | 1,338,562.11 | 255,826.52 | 1,594,388.63 | | | |
| Curtailments Amount | | | | | 187,655.58 | 51,997.12 | 239,652.70 | | | |
| Total Prepayment Amount | | & nbsp; | | | 6,003,157.95 | 1,206,305.85 | 7,209,463.80 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 26 | 7 | 33 | | | |
| Number of Repurchased Loans | | | | | 11 | 1 | 12 | | | |
| Total Number of Loans Prepaid in Full | | | | | 37 | 8 | 45 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 4,476,940.26 | 898,482.21 | 5,375,422.47 | | | |
| Repurchased Loans Balance | | | | | 1,338,562.11 | 255,826.52 | 1,594,388.63 | | | |
| Curtailments Amount | | | | | 187,655.58 | 51,997.12 | 239,652.70 | | | |
| Total Prepayment Amount | | | | | 6,003,157.95 | 1,206,305.85 | 7,209,463.80 | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Prepayments by Groups (in thousa nds of dollars) | Total Prepayments (in thousands of dollars) | | | |
| | | | | | | & nbsp; | | | | |
| | | | | | | | | | | |
| | | | Page 22 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | 0.63% | 0.46% | 0.60% | | | |
| 3 Months Avg SMM | | | | | | | | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 0.63% | 0.46% | 0.60% | | | |
| | | | | | | | | | | |
| CPR | | | | | 7.36% | 5.33% | 6.92% | | | |
| 3 Months Avg CPR | | | | | | | | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 7.36% | 5.33% | 6.92% | | | |
| | | | | | | | | | | |
| PSA | | | | | 1621.10% | 1029.38% | 1478.47% | | | |
| 3 Months Avg PSA Approximation | | | | | | | | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 1621.10% | 1029.38% | 1478.47% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Group 1 | | | | | | &nb sp; | | | | |
| Group 2 | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CPR by Groups | Total CPR | | | |
| | | | | | | | | | | |
| | �� | | | | | | | | | |
PSA by Groups | Total PSA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 23 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| Group 1 | | | | | | | | | | |
| Group 2 | | | | | | | | | | |
| | | |
CPR Avg since Cut-Off by Groups | Total CPR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA Avg since Cut-Off by Groups | Total PSA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PREPAYMENT CALCULATION METHODOLOGY | | | |
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) | | | |
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) | | | |
PSA Standard Prepayment Model: CPR/(0.02*min(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) | | | |
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12) | | | |
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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) | | | |
| | | |
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 24 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | ; | |
| Ameriquest Mortgage Securities Inc. 2002-C | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 2002 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 45 | | | | | | Loan Group 1 = Group 1 Group | | |
Total Original Principal Balance = 7,008,836.00 | | Loan Group 2 = Group 2 Group | | |
Total Prepayment Amount = 6,969,811.10 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | | | Current | State & | Type Prepayment | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | & | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Original Term | Date | | |
| | |
36010726 1 | | 57,000.00 | 56,917.36 | Oct-04-02 | 10.990% | GA - 51.82% | Paid Off - 360 | May-17-02 | | |
36964765 1 | | 97,100.00 | 96,511.66 | Nov-01-02 | 7.500% | MI - 57.12% | Paid Off - 180 | Jul-17-02 | | |
37228442 1 | | 205,000.00 | 204,703.78 | Oct-28-02 | 7.650% | NJ - 62.12% | Paid Off - 360 | Jul-18-02 | | |
37293131 1 | | 248,310.00 | 247,956.12 | Oct-18-02 | 9.350% | IL - 90.00% | Paid Off - 360 | Jul-29-02 | | |
37354016 1 | | 112,000.00 | 111,824.73 | Oct-29-02 | 7.250% | MA - 74.67% | Paid Off - 360 | Jul-30-02 | | |
37619558 1 | | 95,000.00 | 94,851.33 | Oct-21-02 | 7.250% | CO - 61.29% | Paid Off - 360 | Jul-30-02 | | |
37847068 1 | | 116,000.00 | 85,717.23 | Sep-30-02 | 8.500% | MN - 55.24% | Paid Off - 360 | Aug-08-02 | | |
36230159 2 | | 145,000.00 | 144,662.61 | Nov-01-02 | 8.750% | CA - 60.42% | Paid Off - 360 | May-31-02 | | |
36361996 2 | | 88,000.00 | 87,901.06 | Oct-21-02 | 12.150% | NE - 80.00% | Paid Off - 360 | May-30-02 | | |
36626885 2 | | 270,000.00 | 269,619.01 | Nov-06-02 | 9.750% | NM - 90.00% | Paid Off - 360 | Jun-27-02 | | |
36775559 2 | | 283,000.00 | 282,579.07 | Oct-23-02 | 9.500% | MN - 80.86% | Paid Off - 360 | Jun-18-02 | | |
36849339 2 | | 185,300.00 | 185,088.80 | Nov-01-02 | 10.750% | MA - 85.00% | Paid Off - 360 | Jun-25-02 | | |
36988848 2 | | 280,000.00 | 279,805.86 | Oct-17-02 | 11.150% | MD - 68.63% | Paid Off - 360 | Jul-23-02 | | |
36997930 2 | | 230,000.00 | 229,629.21 | Nov-01-02 | 7.100% | NY - 58.23% | Paid Off - 360 | Jul-30-02 | | |
37001484 2 | | 190,000.00 | 189,823.86 | Oct-30-02 | 9.800% | NY - 67.86% | Paid Off - 360 | Jul-26-02 | | |
37084555 2 | | 260,000.00 | 259,750.54 | Oct-28-02 | 10.000% | CA - 81.25% | Paid Off - 360 | Jul-17-02 | | |
37139128 2 | | 150,000.00 | 149,736.65 | Nov-06-02 | 7.750% | MA - 56.60% | Paid Off - 360 | Jul-29-02 | | |
37165016 2 | | 110,000.00 | 109,887.06 | Oct-08-02 | 9.759% | MA - 72.37% | Paid Off - 360 | Jul-25-02 | | |
37180817 2 | | 167,400.00 | 167,329.80 | Oct-09-02 | 10.250% | IL - 90.00% | Paid Off - 360 | Aug-30-02 | | |
37195799 2 | | 354,250.00 | 353,918.10 | Oct-18-02 | 9.750% | NY - 65.00% | Paid Off - 360 | Jul-03-02 | | |
37203502 2 | | 160,700.00 | 160,584.86 | Oct-18-02 | 11.000% | IN - 87.34% | Paid Off - 360 | Jul-29-02 | | |
37281151 2 | | 78,500.00 | 78,424.47 | Oct-28-02 | 9.625% | NJ - 70.72% | Paid Off - 360 | Jul-29-02 | | |
37300738 2 | | 150,000.00 | 149,787.58 | Oct-22-02 | 7.750% | CA - 61.22% | Paid Off - 360 | Jul-30-02 | | |
37537917 2 | | 98,000.00 | 97,697.47 | Oct-21-02 | 7.250% | IN - 61.25% | Paid Off - 180 | Aug-16-02 | | |
37626538 2 | | 149,000.00 | 148,810.93 | Nov-01-02 | 10.259% | MA - 68.51% | Paid Off - 360 | Jul-31-02 | | |
37661766 2 | | 259,500.00 | 259,267.68 | Oct-23-02 | 6.550% | CA - 79.85% | Paid Off - 360 | Aug-20-02 | | |
37683752 2 | | 96,000.00 | 95,946.18 | Nov-01-02 | 8.875% | FL - 60.00% | Paid Off - 360 | Aug-16-02 | | |
37809316 2 | | 144,000.00 | 143,923.76 | Oct-09-02 | 9.150% | IL - 90.00% | Paid Off - 360 | Aug-12-02 | | |
37858966 2 | | 66,500.00 | 66,475.09 | Nov-01-02 | 10.775% | MO - 70.00% | Paid Off - 360 | Aug-15-02 | | |
37991635 2 | | 233,700.00 | 233,521.28 | Nov-04-02 | 7.350% | MA - 95.00% | Paid Off - 360 | Aug-16-02 | | |
38082178 2 | | 72,900.00 | 72,872.55 | Nov-06-02 | 10.750% | IL - 90.00% | Paid Off - 360 | Aug-30-02 | | |
38238200 2 | | 189,000.00 | 188,837.27 | Oct-04-02 | 6.750% | CA - 70.00% | Paid Off - 360 | Aug-21-02 | | |
38413837 2 | ; | 71,100.00 | 71,059.51 | Oct-29-02 | 8.800% | FL - 90.00% | Paid Off - 360 | Aug-22-02 | | |
35296151 1 | | 256,500.00 | 255,826.52 | Nov-05-02 | 10.150% | MA - 90.00% | Repur/Subs - 360 | Mar-31-02 | | |
34912485 2 | | 50,400.00 | 50,270.42 | Nov-01-02 | 10.250% | AL - 90.00% | Repur/Subs - 360 | Mar-29-02 | | |
35342427 2 | | 156,400.00 | 155,876.61 | Nov-01-02 | 8.990% | CO - 85.93% | Repur/Subs - 360 | Mar-29-02 | | |
36390607 2 | | 77,775.00 | 77,662.89 | Nov-01-02 | 9.650% | LA - 85.00% | Repu r/Subs - 360 | Jun-30-02 | | |
37364981 2 | | 199,750.00 | 199,558.84 | Nov-07-02 | 8.990% | NY - 85.00% | Repur/Subs - 360 | Jul-29-02 | | |
37392958 2 | | 161,250.00 | 161,141.58 | Nov-01-02 | 7.990% | IL - 75.00% | Repur/Subs - 360 | Aug-30-02 | | |
37504610 2 | | 201,400.00 | 201,134.27 | Nov-01-02 | 8.100% | CA - 95.00% | Repur/Subs - 360 | Jul-26-02 | | |
37790896 2 | | 175,000.00 | 174,900.35 | Nov-01-02 | 8.800% | CA - 83.33% | Repur/Subs - 360 | Aug-06-02 | | |
37856754 2 | | 77,000.00 | 76,953.35 | Nov-01-02 | 8.850% | IL - 77.00% | Repur/Subs - 360 | Aug-06-02 | | |
38236816 2 | | 75,600.00 | 75,562.80 | Oct-08-02 | 9.499% | OH - 90.00% | Repur/Subs - 360 | Aug-30-02 | | |
38958260 2 | | 115,500.00 | 115,500.00 | Oct-25-02 | 8.900% | MN - 75.00% | Repur/Subs - 360 | Sep-30-02 | | |
| | | | | | | | | | | |
| | | | | Page 25 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 2002 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | | | Current | Sta te & | | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | Original | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Term | Date | | |
| | |
39033345 2 | | 50,001.00 | 50,001.00 | Oct-31-02 | 11.275% | IN - 69.45% | Repur/Subs - 360 | Sep-27-02 | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | | Page 26 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2002 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL REALIZED LOSSES | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
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| Note: Collateral realized losses may include adjustments to loans liqui dated in prior periods. | | | | | | | | | | |
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SPACE INTENTIONALLY LEFT BLANK | | | |
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| Group 1 | | | | | | 3 Months Moving Average | | | | |
| Group 2 | | | | | | | | | | |
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Collateral Loss Severity Approximation by Groups | Collateral Loss Severity Approximation | | | |
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| | | | Page 27 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2002 Distribution | | | |
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| Realized Loss Report - Collateral | | | |
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DEFAULT SPEEDS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | | | | | | | | | |
| MDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg MDR | &nb sp; | | | | | | | | | |
| 12 Months Avg MDR | | | | | | | | | | |
| Avg MDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg CDR | | | | | | | | | | &nb sp; |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| SDA | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg SDA Approximation | | | | | | | | | | |
| 12 Months Avg SDA Approximation | | | | | | | | | | |
| Avg SDA Since Cut-off Approximation | | | | | 0.00% | 0.00% | 0.00% | | | |
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| Loss Severity Approximation for Current Period | | | |
| 3 Months Avg Loss Severity Approximation | | | |
| 12 Months Avg Loss Severity Approximation | | | |
| Avg Loss Severity Approximation Since Cut-off | | | |
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| Group 1 | | | | | | | | | | |
| Group 2 | | | | | | | | | | |
CDR by Groups | Total CDR | | | |
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SDA by Groups | Total SDA | | | |
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| | | | Page 28 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25 , 2002 Distribution | | | |
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| Realized Loss Report - Collateral | | | |
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| Group 1 | | | | | | | | | | |
| Group 2 | | | | | | | | | | |
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CDR Avg since Cut-Off by Groups | Total CDR Avg since Cut-Off | | | |
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SDA Avg since Cut-Off by Groups | Total SDA Avg since Cut-Off | | | |
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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. | | | |
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| | | | Page 29 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |
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| Ameriquest Mortgage Securities Inc. 2002-C | | |
| Asset Backed Certificates | | |
| | | |
| Realized Loss Detail Report for November 25, 2002 Distribution | | |
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| Realized Loss Detail Report - Loans Liquidated During Curr ent Distribution | | |
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SUMMARY | | | | | | LOAN GROUP | | | | | |
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Total Loan Count = 0 | | | | | | Loan Group 1 = Group 1 Group | | |
Total Original Principal Balance = 0.00 | | Loan Group 2 = Group 2 Group | | |
Total Prior P rincipal Balance = 0.00 | | | | |
Total Realized Loss Amount = 0.00 | | | | |
Total Net Liquidation Proceeds = 0.00 | | | | | | | |
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Loan Number | | Original | Prior | | Current | State & | | | | |
& | Loan | Principal | Principal | Realized | Note | LTV at | Original | Origination | | |
Loan Group | Status | Balance | Balance | Loss/(Gain) | Rate | Origination | Term | Date | | |
SPACE INTENTIONALLY LEFT BLANK | | |
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| | | | | Page 30 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | |
| Ameriquest Mortgage Securities Inc. 2002-C | | | |
| Asset Backed Certificates | | | |
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| Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2002 Distribution | | | |
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| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
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TRIGGER EVENTS | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
| | | |
| Trigger Event in effect | | | | | | | No | | | |
| Stepdown Date has occurred | | | | | | | No | | | |
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| Balances 60+ days | | | | | | | 861,021.82 | | | |
| Beginning Balance | | | | | | | 1,291,956,819.61 | | | |
| Delinquency Percentage | | | | | | | 0.07% | | | |
| | | | | | | | | | | |
| Cumulative Realized Loss Percentage | | | | | | | 0.000000% | | | |
| Credit Enhancement Percentage | | | | | | | 0.00% | | | |
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ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | GROUP 2 | GROUP 1 | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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ADDITIONAL INFORMATION | | | | | | GROU P 2 | GROUP 1 | TOTAL | | | |
| | | |
| Net WAC Rate Carryover Amt: Class AV-1 | | | | | 0.00 | 0.00 | 0.00 | | | |
| Net WAC Rate Carryover Amt: Class M-1 | | | | | 0.00 | 0.00 | 0.00 | | | |
| Net WAC Rate Carryover Amt: Class M-2 | | | | | 0.00 | 0.00 | 0.00 | | | |
| Net WAC Rate Carryover Amt: Class S | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | &nb sp; | | |
| Net WAC Rate Carryover Amt: Class AV-1 unpaid | | | | | 0.00 | 0.00 | 0.00 | | | |
| Net WAC Rate Carryover Amt: Class M-1 unpaid | | | | | 0.00 | 0.00 | 0.00 | | | |
| Net WAC Rate Carryover Amt: Class M-2 unpaid | | | | | 0.00 | 0.00 | 0.00 | | | |
| Net WAC Rate Carryover Amt: Class S unpaid | | | | | 0.00 | 0.00 | 0.00 | | | |
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| Libor for Current Period | | | | | | | 1.800000% | | | |
| | | | | & nbsp; | | | | | | |
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| | | | Page 31 of 31 | | | | © COPYRIGHT 2002 Deutsche Bank | | | |