Ameriquest Mortgage Sec Inc Ast Back PS THR Cert Ser 2003-1 8-K Other events

                           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):  December 26, 2003


                      AMERIQUEST MORTGAGE SECURITIES INC.
          (as depositor, Ameriquest Mortgage Company, Master Servicer,
             and Deutsche Bank National Trust Company, as Trustee).

            AMERIQUEST MORTGAGE SEC INC AST BACK PS THR CERT SER 2003-1
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-77012-10                          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


     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
     December 26, 2003.




                                     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 February 1,2003.


          Date:  Jan 02, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President

                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of December 26, 2003.






			

	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	December 26, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				28
			12.	Realized Loss Detail Report				31
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				32
				Total Number of Pages				32
			CONTACTS
	&n bsp;			Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr	;
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
								;
ISSUANCE INFORMATION
	Seller:		Ameriquest Mtg Sec Inc					Cut-Off Date: February 1, 2003
	Certificate Insurer(s):							Closing Date: February 6, 2003
								First Payment Date: March 25, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer		&n bsp;
								Distribution Date: December 26, 2003
	Underwriter(s):		Salomon Smith Barney Underwriter					Record Date: December 24, 2003
								November 28, 2003
						Page 1 of 32					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for December 26, 2003 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)
A-I		550,000,000.00			424,553,064.58	588,138.67	25,651,843.52	26,239,982.19	-	-	398,901,221.06
A-II		835,000,000.00			627,713,941.19	826,337.45	39,027,385.59	39,853,723.04	-	-	588,686,555.60
M-1		106,200,000.00			106,200,000.00	184,614.69	-	184,614.69	-	-	106,200,000.00
M-2		85,000,000.00			85,000,000.00	217,296.01	-	217,296.01	-	-	85,000,000.00
MV-3		47,200,000.00			47,200,000.00	195,855.42	-	195,855.42	-	-	47,200,000.00
MF-3		25,000,000.00			25,000,000.00	148,750.00	-	148,750.00	-	-	25,000,000.00
M-4		25,400,000.00			25,400,000.00	91,835.99	-	91,835.99	-	-	25,400,000.00
CE		25,173,721.31			25,484,570.00	6,517,299.51	-	6,517,299.51	-	-	25,484,570.00
P		100.00			100.00	1,771,998.66	-	1,771,998.66	-	-	100.00
R		-			-	-	-	-	-	-	-
Total		1,698,973,821.31			1,366,551,675.77	10,542,126.40	64,679,229.11	75,221,355.51	-	-	1,301,872,446.66
	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)
A-I	11/25/03	12/25/03		A-Act/360	03072SEW1	550,000,000.00	771.914663	1.069343	46.639715	47.709059	725.274947
A-II	11/25/03	12/25/03		A-Act/360	03072SEX9	835,000,000.00	751.753223	0.989626	46.739384	47.729010	705.013839
M-1	11/25/03	12/25/03		A-Act/360	03072SEY7	106, 200,000.00	1,000.000000	1.738368	-	1.738368	1,000.000000
M-2	11/25/03	12/25/03		A-Act/360	03072SEZ4	85,000,000.00	1,000.000000	2.556424	-	2.556424	1,000.000000
MV-3	11/25/03	12/25/03		A-Act/360	03072SFA8	47,200,000.00	1,000.000000	4.149479	-	4.149479	1,000.000000
MF-3				A-30/360	03072SFB6	25,000,000.00	1,000.000000	5.950000	-	5.950000	1,000.000000
M-4	11/25/03	12/25/03		A-Act/360	03072SFC4	25,400,000.00	1,000.000000	3.615590	-	3.615590	1,000.000000
CE				A-30/360		25,173,721.31	1,012.348142	258.892971	-	258.892971	1,012.348142
P				A-Act/360		100.00	1,000.000000	17,719,986.600000	-	################	1,000.000000
R				A-Act/360		-	-	-	-	-	-
							Page 2 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for December 26, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principa l	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-I	550,000,000.00		7,683,867.79		146,586,494.54	4,512,284.40	151,098,778.94	158,782,646.73	-	-	398,901,221.06
A-II	835,000,000.00		10,994,219.39		238,530,837.83	7,782,606.57	246,313,444.40	257,307,663.79	-	-	588,686,555.60
M-1	106,200,000.00		1,997,787.94		-	-	-	1,997,787.94	-	-	106,200,000.00
M-2	85,000,000.00		2,323,489.76		-	-	-	2,323,489.76	-	-	85,000,000.00
MV-3	47,200,000.00		2,073,674.64		-	-	-	2,073,674.64	-	-	47,200,000 .00
MF-3	25,000,000.00		1,487,500.00		-	-	-	1,487,500.00	-	-	25,000,000.00
M-4	25,400,000.00		974,623.57		-	-	-	974,623.57	-	-	25,400,000.00
CE	25,173,721.31		74,060,553.90		-	-	-	74,060,553.90	-	310,848.69	25,484,570.00
P	100.00		9,849,017.98		-	-	-	9,849,017.98	-	-	100.00
R	-		-		-	-	-	-	-	-	-
Total	1,698,973,821.31		111,444,734.97		385,117,332.37	12,294,890.97	397,412,223.34	508,856,958.31	-	310,848.69	1,301,872,446.66
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	U npaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-I	1.60875%	424,553,064.58			588,138.67	-	-	-	588,138.67	588,138.67	-
A-II	1.52875%	627,713,941.19			826,337.45	-	-	-	826,337.45	826,337.45	-
M-1	2.01875%	106,200,000.00			184,614.69	-	-	-	184,614.69	184,614.69	-
M-2	2.96875%	85,000,000.00			217,296.01	-	-	-	217,296.01	217,296.01	-
MV-3	4.81875%	47,200,000.00			195,855.42	-	-	-	195,855.42	195,855.42	-
MF-3	7.14000%	25,000,000.00			148,750.00	-	-	-	148,750.00	148,750.00	-
M-4	4.19875%	25,400,000.00			91,835.99	-	-	-	91,835.99	91,835.99	-
CE	5.77905%	25,484,570.00			6,517,299.51	-	-	-	6,517,299.51	6,517,299.51	-
P		100.00			1,771,998.66	-	-	-	1,771,998.66	1,771,998.66	-
R		-			-	-	-	-	-	-	-
Total		1,366,551,675.77			10,542,126.40	-	-	-	############	10,542,126.40	-
							Page 3 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					38,988,861.35	25,626,522.39	64,615,383.74
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					38,988,861.35	25,626,522.39	64,615,383.74
	Interest Collections					5,290,928.52	3,613,607.32	8,904,535.84
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	1,771,998.66
	Interest Fees					(45,625.73)	(24,937.00)	(70,562.73)
	TOTAL NET INTEREST					5,245,302.79	3,588,670.32	10,605,971.77
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					44,234,164.14	29,215,192.71	75,221,355.51
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					656,541.10	416,370.08	1,072,911.18
	Prepayments In Full					38,030,593.79	24,908,717.05	62,939,310.84
	Curtailments					(49,880.74)	273,948.64	224,067.90
	Liquidations					351,607.20	91,331.99	442,939.19
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal		;			0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	(63,845.37)	(63,845.37)
	Delinquent Principal					(587,745.23)	(385,838.72)	(973,583.95)
	Advanced Principal					587,745.23	385,838 .72	973,583.95
	TOTAL PRINCIPAL COLLECTED					38,988,861.35	25,626,522.39	64,615,383.74
				Page 4 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2 003-1
	Mortgage Pass-Through Certificates
											& nbsp;
	Collection Account Report for December 26, 2003 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					0.00	0.00	0.00
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					5,583,956.43	3,817,539.56	9,401,495.99
	Liquidation Interest					2,669.22	627.91	3,297.13
	Repurchased Interest					0.00	0.00	0.00
	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					(32,216.23)	(23,921.25)	(56,137.48)
	Compensating Interest					32,216.23	23,921.25	56,137.48
	Delinquent Interest					(4,873,173.03)	(3,413,805.82)	(8,286,978.85)
	Interest Advanced					4,577,475.90	3,209,245.67	7,786,721.57
	TOTAL INTEREST COLLECTED					5,290,928.52	3,613,607.32	8,904,535.84
			&nbs p;	Page 5 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Prepayment Charges							1,771,998.66
	Capitalized Interest Requirement							0.00
	TOTAL INTEREST OTHER ACCOUNTS							1,771,998.66
									&nbs p;
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
&nbs p;
	Current Servicing Fees					44,774.55	24,364.69	69,139.24
	Trustee Fee					851.18	572.31	1,423.49
	TOTAL INTEREST OTHER FEES					45,625.73	24,937.00	70,562.73
									&nb sp;
				Page 6 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for December 26, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Reserve Account							1,009.44
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
						;
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							25,484,570.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							63,845.37
	Overcollateralization Target Amount							25,484,570.00
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							63,845.37
				Page 7 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1									&nb sp;
	Mortgage Pass-Through Certificates
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
							;
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					6775	4906	11681
&nbs p;	Prior					5,631	4,157	9,788
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(234)	(168)	(402)
	Repurchases					-	-	-
	Liquidations					(3)	(1)	(4)
	Current					5,395	3,988	9,383
					;
	Principal Balance:
	Original					1,024,096,481.35	674,874,847.54	1,698,971,328.89
	Prior					817,132,040.95	549,419,634.82	1,366,551,675.77
	Prefunding					-	-	-
	Scheduled Principal					(656,541.10)	(416,370.08)	(1,072,911.18)
	Partial and Full Voluntary Prepayments					(37,980,713.05)	(25,182,665.69)	(63,163,378.74)
	Repurchases					-	-	-
	Liquidations					(351,607.20)	(91,331.99)	(442,939.19)
	Current					778,143,179.60	523,729,267.06	1,301,872,446.66
PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1								;
	Mortgage Pass-Through Certificates
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					8.276320%	8.399133%	8.325104%
	Weighted Average Coupon Prior					8.206537%	8.353335%	8.265377%
	Weighted Average Coupon Current					8.204244%	8.339347%	8.258562%
	Weighted Average Months to Maturity Origi nal					349	351	350
	Weighted Average Months to Maturity Prior					340	343	341
	Weighted Average Months to Maturity Current					339	342	340
	Weighted Avg Remaining Amortization Term Original					348	351	349
	Weighted Avg Remaining Amortization Term Prior					339	342	341
	Weighted Avg Remaining Amortization Term Current					338	341	339
	Weighted Average Seasoning Original					2.47	2.31	2.41
	Weighted Average Seasoning Prior					10.42	10.30	10.37
	Weighted Average Seasoning Current					11.41	11.30	11.37
Note: Original information refers to deal issue.
	Group 1
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					4.106%	5.251%
	Weighted Average Margin Prior					3.999%	5.222%		&nbs p;
	Weighted Average Margin Current					3.979%	5.204%
	Weighted Average Max Rate Original					12.270%	13.503%
	Weighted Average Max Rate Prior					12.099%	13.421%
	Weighted Average Max Rate Current					12.075%	13.393%
	Weighted Average Min Rate Original					8.278%	8.400%
	Weighted Average Min Rate Prior					8.210%	8.353%
	Weighted Average Min Rate Current					8.206%	8.341%
	Weighted Average Cap Up Original					0.665%	0.850%
	Weighted Average Cap Up Prior					0.648%	0.845%
	Weighted Average Cap Up Current					0.645%	0.842%
	Weighted Average Cap Down Original					0.665%	0.850%
	Weighted Average Cap Down Prior					0.648%	0.845%
	Weighted Average Cap Down Current					0.645%	0.842%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					44,774.55	24,364.69	69,139.24
	Delinquent Servicing Fees					295,697.13	204,560.15	500,257.28
	TOTAL SERVICING FEES					340,471.68	228,924.84	569,396.52
	Compensating Interest					(32,216.23)	(23,921.25)	(56,137.48)
	Delinquent Servicing Fees					295,697.13	(204,560.15)	91,136.98
	COLLECTED SERVICING FEES					603,952.58	443.44	604,396.02
	Aggregate Advances with respect to this Distribution					5,165,221.13	3,595,084.39	8,760,305.52
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances	&nbs p;				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 10 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			20,213,581.05	11,952,231.06	14,559,610.66	46,725,422.77
		% Balance			1 .55%	0.92%	1.12%	3.59%
		# Loans			155	83	116	354
		% # Loans			1.65%	0.88%	1.24%	3.77%
FORECLOSURE		Balance		-	-	-	30,697,913.27	30,697,913.27
		% Balance		0.00%	0.00%	0.00%	2.36%	2.36%
		# Loans		-	-	-	232	232
		% # Loans		0.00%	0.00%	0.00%	2.47%	2.47%
BANKRUPTCY		Balance		7,396,133.71	1,146,858.50	1,972,037.24	4,224,245.68	14,739,275.13
		% Balance		0.57%	0.09%	0.15%	0.32%	1.13%
		# Loans		53	9	10	37	109
		% # Loans		0.56%	0.10%	0.11%	0.39%	1.16%
REO		Balance		-	-	-	3,155,450.44	3,155,450.44
		% Balance		0.00%	0.00%	0.00%	0.24%	0.24%
		# Loans		-	-	-	29	29
		% # Loans		0.00%	0.0 0%	0.00%	0.31%	0.31%
TOTAL		Balance		7,396,133.71	21,360,439.55	13,924,268.30	52,637,220.05	95,318,061.61
		% Balance		0.57%	1.64%	1.07%	4.04%	7.32%
		# Loans		53	164	93	414	724
		% # Loans		0.56%	1.75%	0.99%	4.41%	7.72%
Note: <1 Payment = 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.
				Page 11 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			8,951,201.47	6,568,913.54	6,397,527.41	21,917,642.42
		% Balance			1.71%	1.25%	1.22%	4.18%
		# Loans			71	48	57	176
		% # Loans			1.78%	1.20%	1.43%	4.41%
FORECLOSURE		Balance		-	-	-	11,006,727.84	11,006,727.84
		% Balance		0.00%	0.00%	0.00%	2.10%	2.10%	&nb sp;
		# Loans		-	-	-	88	88	;
		% # Loans		0.00%	0.00%	0.00%	2.21%	2.21%			;
BANKRUPTCY		Balance		2,386,931.46	538,410.03	270,200.39	1,794,018.30	4,989,560.18
		% Balance		0.46%	0.10%	0.05%	0.34%	0.95%
		# Loans		18	4	3	16	41
	& nbsp;	% # Loans		0.45%	0.10%	0.08%	0.40%	1.03%
REO		Balance		-	-	-	1,546,236.74	1,546,236.74
		% Balance		0.00%	0.00%	0.00%	0.30%	0.30%
		# Loans		-	-	-	14	14
		% # Loans		0.00%	0.00%	0.00%	0.35%	0.35%
TOTAL		Balance		2,386,931.46	9,489,611.50	6,839,113.93	20,744,510.29	39,460,167.18
		% Balance		0.46%	1.81%	1.31%	3.96%	7.53%
		# Loans		18	75	51	175	319
		% # Loans		0.45%	1.88%	1.28%	4.39%	8.00%
Note: <1 Payment = 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.
				Page 12 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 2 Group										& nbsp;
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			11,262,379.58	5,383,317.52	8,162,083.25	24,807,780.35
		% Balance			1.45%	0.69%	1.05%	3.19%
		# Loans			84	35	59	178
		% # Loans			1.56%	0. 65%	1.09%	3.30%
FORECLOSURE		Balance		-	-	-	19,691,185.43	19,691,185.43
		% Balance		0.00%	0.00%	0.00%	2.53%	2.53%
		# Loans		-	-	-	144	144
		% # Loans		0.00%	0.00%	0.00%	2.67%	2.67%		&n bsp;
BANKRUPTCY		Balance		5,009,202.25	608,448.47	1,701,836.85	2,430,227.38	9,749,714.95
		% Balance		0.64%	0.08%	0.22%	0.31%	1.25%
;		# Loans		35	5	7	21	68
		% # Loans		0.65%	0.09%	0.13%	0.39%	1.26%
REO		Balance		-	-	-	1,609,213.70	1,609,213.70
		% Balanc e		0.00%	0.00%	0.00%	0.21%	0.21%
		# Loans		-	-	-	15	15
		% # Loans		0.00%	0.00%	0.00%	0.28%	0.28%
TOTAL		Balance		5,009,202.25	11,870,828.05	7,085,154.37	31,892,709.76	55,857,894.43
		% Balance		0.64%	1.53%	0.91%	4.10%	7.18%
		# Loans		35	89	42	239	405
		% # Loans		0.65%	1.65%	0.78%	4.43%	7.51%
Note: <1 Payment = 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.
				Page 13 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	REO Report for December 26, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
							& nbsp;
SUMMARY				LOAN GROUP
Total Loan Count = 15				Loan Group 1 = Group 1 Group; REO Book Value = Not Available
Total Original Principal Balance = 1,705,650.00				Loan Group 2 = Group 2 Group; REO Book Value = Not Available
Total Current Balance = 1,692,896.55
REO Book Value = Not Available
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
											;
40574311 1		50,150.00	49,824.34	May-01-03	9.250%	MI - 85.00%	360	Nov-29-02
40596504 1		212,500.00	211,316.29	Mar-01-03	9.990%	NM - 85.00%	360	Nov-30-02
41152976 1		54,750.00	54,531.80	Apr-01-03	11.500%	MS - 75.00%	360	Dec-18-02
41291337 1		146,200.00	145,259.50	Mar-01-03	8.850%	CO - 85.00%	360	Dec-23-02
41334186 1		54,400.00	54,093.67	May-01-03	9.500%	MI - 80.00%	360	Dec-31-02
38967535 2		58,500.00	58,075.76	Mar-01-03	9.500%	AL - 90.00%	360	Sep-27-02
39743588 2		54,400.00	53,994.92	May-01-03	8.990%	MI - 80.00%	360	Oct-25-02
39997077 2		132,000.00	131,186.01	Mar-01-03	9.500%	MN - 80.00%	360	Nov-05-02
41398504 2		114,000.00	113,067.57	Jun-01-03	7.650%	MI - 95.00%	360	Dec-23-02
41514993 2		140,000.00	136,456.17	Mar-01-03	11.775%	MA - 80.00%	360	Dec-31-02
41529785 2		90,000.00	89,353.02	Feb-01-03	8.300%	MI - 90.00%	360	Dec-27-02
41531468 2		150,000.00	149,502.42	Feb-01-03	11.990%	NM - 64.66%	360	Dec-31-02
41697962 2		216,750.00	215,591.29	Jan-01-03	9.750%	CO - 85.00%	360	Dec-23-02
41953175 2		160,000.00	158,999.68	Feb-01-03	8.990%	MN - 72.07%	360	Dec-31-02
42398172 2		72,000.00	71,644.11	May-01-03	9.650%	TN - 90.00%	360	Jan-09-03
				Page 14 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Foreclosure Report for December 26, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP		&nbs p;
Total Loan Count = 49				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 6,930,436.00				Loan Group 2 = Group 2 Group
Total Current Balance = 6,879,594.14
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
40203507 1		238,000.00	236,179.91	May-01-03	7.990%	NY - 83.51%	360	Dec-17-02
40499600 1		124,200.00	123,351.37	Jul-01-03	9.000%	NV - 90.00%	360	Nov-25-02
40588550 1		240,000.00	239,219.22	Jul-01-03	12.500%	IN - 78.69%	360	Nov-26-02
40658999 1		50,250.00	50,074.39	Jul-01-03	11.750%	TX - 73.90%	360	Dec-10-02
40672446 1		136,000.00	135,077.80	May-01-03	8.590%	MD - 85.00%	360	Dec-31-02
40807372 1		126,400.00	125,604.85	Jul-01-03	9.425%	MI - 79.50%	360	Nov-29-02
40873333 1		112,410.00	111,701.42	Jul-01-03	8.950%	AZ - 90.00%	360	Dec-31-02		&nbs p;
40926768 1		81,000.00	80,483.35	Apr-01-03	9.365%	MI - 90.00%	360	Nov-30-02
41033598 1	108,750.00	108,486.80	Jun-01-03	12.275%	FL - 72.50%	360	Nov-30-02
41096330 1		67,150.00	66,927.25	Jul-01-03	11.990%	OH - 85.00%	360	Dec-23-02
41108887 1		50,000.00	49,432.02	Jul-01-03	9.500%	NY - 45.87%	360	Dec-30-02
41128745 1		76,500.00	76,042.56	Jul-01-03	9.650%	CT - 72.86%	360	Nov-29-02
41218942 1		256,500.00	254,866.72	Jul-01-03	8.900%	NY - 90.00%	360	Dec-24-02
41245432 1		101,600.00	101,274.55	Apr-01-03	12.150%	IN - 80.00%	360	Dec-12-02
41278961 1		153,000.00	152,301.04	Jul-01-03	10.500%	RI - 69.55%	360	Dec-13-02
41316282 1		50,001.00	49,781.98	Feb-01-03	10.700%	PA - 84.89%	360	Dec-30-02
41329053 1		50,000.00	49,703.60	May-01-03	9.250%	AL - 34.01%	360	Dec-19-02
41377862 1		242,250.00	240,419.43	Jul-01-03	8.050%	TX - 95.00%	360	Dec-17-02
37621851 2		182,750.00	1 81,122.83	Jul-01-03	8.850%	NY - 85.00%	360	Aug-22-02
37743929 2		63,000.00	62,639.73	Jul-01-03	10.990%	UT - 88.73%	360	Aug-31-02
39045695 2		153,000.00	151,919.69	Feb-01-03	9.250%	MA - 85.00%	360	Oct-31-02
39221288 2		390,500.00	386,063.60	Jun-01-03	7.250%	CA - 84.99%	360	Sep-30-02
39703210 2		68,000.00	67,589.48	Apr-01-03	9.999%	IL - 81.93%	360	Nov-29-02
39833488 2		130,500.00	129,530.36	Apr-01-03	9.000%	SC - 79.57%	360	Oct-30-02
40436198 2		165,750.00	164,828.34	Jun-01-03	9.999%	PA - 85.00%	360	Nov-25-02
41161837 2		70,200.00	69,705.31	May-01-03	8.400%	OH - 90.00%	360	Dec-18-02
41297508 2		198,000.00	196,393.92	Jul-01-03	7.900%	OH - 90.00%	360	Dec-11-02
41330325 2		79,200.00	78,666.51	Jul-01-03	8.700%	OH - 90.00%	360	Dec-10-02
41468067 2		162,000.00	160,700.86	May-01-03	7.750%	FL - 89.01%	360	Dec-27-02
41491853 2		259,000.00	256,500.96	May-01-03	6.800%	NJ - 84.92%	360	Dec-23-02
41504473 2		135,000.00	133,805.92	Jul-01-03	7.250%	OH - 90.00%	360	Dec-20-02
41585472 2		122,400.00	121,622.15	Jul-01-03	11.999%	TX - 90.00%	360	Dec-31-02
41638529 2		52,000.00	51,707.18	May-01-03	9.500%	PA - 80.00%	360	Dec-30-02
416551 27 2		450,000.00	446,496.76	Jul-01-03	7.900%	CA - 90.00%	360	Dec-31-02
41678871 2		121,550.00	120,806.95	Jul-01-03	9.100%	MI - 85.00%	360	Dec-30-02
41688755 2		160,000.00	156,736.40	Jul-0 1-03	10.499%	MA - 80.00%	360	Jan-17-03
41727710 2		146,400.00	145,432.78	Jul-01-03	9.050%	MN - 80.00%	360	Dec-31-02
41728817 2		136,000.00	135,444.41	Jul-01-03	11.025%	MI - 80.00%	360	Dec-31-02
41796624 2		71,250.00	70,877.19	May-01-03	9.375%	FL - 75.00%	360	Jan-09-03
41806480 2		167,675.00	166,191.91	Jul-01-03	7.250%	CO - 95.00%	360	Dec-30-02
41814526 2		157,250.00	156,382.72	Jan-01-03	9.600%	AZ - 85.00%	360	Dec-31-02
41851700 2		122,500.00	121,910.10	Apr-01-03	10.250%	RI - 70.00%	360	Dec-30-02
41891805 2		56,250.00	54,793.62	Jun-01-03	9.625%	IA - 75.00%	180	Jan-16-03
41918095 2		84,000.00	83,404.04	Jul-01-03	8.500%	MN - 70.00%	360	Dec-31-02
				Page 15 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Foreclosure Report for December 26, 2003 Distribution
	Foreclosure Report - Mortage L oans that Become Foreclosure 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
41953357 2		229,500.00	227,526.61	Apr-01-03	7.400%	CA - 90.00%	360	Dec-31-02
41973108 2		288,000.00	286,199.41	Jul-01-03	8.990%	MI - 90.00%	360	Dec-31-02
42104257 2		56,000.00	55,715.20	May-01-03	9.990%	AL - 80.00%	360	Dec-31-02
42150987 2		106,250.00	105,788 .93	May-01-03	10.990%	FL - 70.83%	360	Jan-24-03
42294496 2		82,500.00	82,162.01	Jul-01-03	10.525%	FL - 73.66%	360	Jan-27-03
				Page 16 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					234	168	402
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					234	168	402
	Paid in Full Balance					38,030,593.79	24,908,717.05	62,939,310.84
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					(49,880.74)	273,948.64	224,067.90
	Total Prepayment Amount					37,980,713.05	25,182,665.69	63,163,378.74
	Cumulative
	Number of Paid in Full Loans					1,352	900	2,252
	Number of Repurchased Loans					24	14	38
	Total Number of Loans Prepaid in Full					1,376	914	2,290
	Paid in Full Balance					232,923,117.57	142,921,390.92	375,844,508.49
	Repurchased Loans Balance					3,717,750.05	2,134,934.94	5,852,684.99
	Curtailments Amount					829,510.27	885,577.96	1,715,088.23
	Total Prepayment Amount					237,470,377.89	145,941,903.82	383,412,281.71
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					4.65%	4.59%	4.63%
	3 Months Avg SMM					4.31%	4.23%	4.27%
	12 Months Avg SMM
	Avg SMM Since Cut-off					2.62%	2.42%	2.54%
	CPR					43.54%	43.08%	43.35%
	3 Months Avg CPR					41.03%	40.44%	40.80%
	12 Months Avg CPR
	Avg CPR Since Cut-off					27.29%	25.49%	26.57%
	PSA					1907.20%	1906.46%	1906.92%
	3 Months Avg PSA Approximation					1968.58%	1963.12%	1966.43%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1963.60%	1872.71%	1928.11%
	Group 1
	Group 2				&nb sp;
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgag e Pass-Through Certificates
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1
	Group 2
&nb sp;
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
	&nb sp;
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 mon th: 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 19 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates									&nb sp;
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
	&n bsp;
SUMMARY						LOAN GROUP
Total Loan Count = 402						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 63,448,374.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 62,939,310.84											& nbsp;
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
39351465 1			50,400.00	50,197.75	Dec-01-03	10.650%	IN - 80.00%	Paid Off - 360	Dec-26-02
39439989 1			88,200.00	87,380.93	Nov-13-03	6.999%	CA - 90.00%	Paid Off - 360	Dec-16-02
39467089 1			106,250.00	105,097.73	Nov-17-03	9.250%	NY - 85.00%	Paid Off - 360	Dec-11-02
39567748 1			250,000.00	248,848.07	Nov-13-03	9.999%	CA - 74.63%	Paid Off - 360	Dec-26-02
39596457 1			171,000.00	169,983.25	Nov-26-03	8.750%	NJ - 90.00%	Paid Off - 360	Dec-19-02
39623228 1			300,000.00	297,537.46	Dec-03-03	7.750%	CA - 80.00%	Paid Off - 360	Nov-22-02
39676028 1			84,500.00	84,237.77	Nov-24-03	12.525%	FL - 65.00%	Paid Off - 360	Dec-13-02
39768338 1			157,500.00	155,727.75	Dec-01-03	8.500%	CT - 90.00%	Paid Off - 360	Dec-30-02
39888268 1			80,000.00	78,630.14	Nov-19-03	8.990%	TX - 80.00%	Paid Off - 240	Nov-05-02
39924519 1			192,000.00	191,168.21	Nov-21-03	10.750%	MA - 80.00%	Paid Off - 360	Dec-10-02
39948518 1			272,700.00	270,866.83	Dec-05-03	8.650%	NY - 90.00%	Paid Off - 360	Nov-29-02
40000549 1			110,500.00	109,614.11	Nov-14-03	7.250%	CO - 85.00%	Paid Off - 360	Dec-23-02
40026213 1			128,800.00	128,110.63	Dec-05-03	10.500%	CO - 69.62%	Paid Off - 360	Nov-19-02
40027781 1			147,000.00	145,084.87	Dec-03-03	8.000%	UT - 90.74%	Paid Off - 360	Nov-08-02
40051674 1			168,500.00	167,080.60	Nov-24-03	7.500%	CA - 70.21%	Paid Off - 360	Nov-18-02
40068009 1			255,240.00	252,705.40	Nov-26-03	6.650%	CA - 90.00%	Paid Off - 360	Dec-03-02
40101545 1			71,100.00	70,438.54	Nov-13-03	6.990%	IL - 90.00%	Paid Off - 360	Nov-25-02
40141491 1			72,250.00	71,830.40	Nov-13-03	9.350%	IL - 85.00%	Paid Off - 360	Nov-06-02
40168387 1			256,000.00	254,631.46	Nov-26-03	9.750%	RI - 80.00%	Paid Off - 360	Nov-26-02
40197725 1			184,500.00	182,899.51	Nov-19-03	7.350%	NJ - 90.00%	Paid Off - 360	Nov-06-02
40216350 1			188,800.00	187,570.48	Nov-19-0 3	8.300%	MA - 80.00%	Paid Off - 360	Dec-09-02
40228173 1			110,000.00	109,144.78	Nov-24-03	7.990%	CA - 54.46%	Paid Off - 360	Nov-12-02
40234056 1			50,000.00	49,343.55	Nov-12-03	11.500%	MA - 43.10%	Paid Off - 360	Nov-13-02
40247199 1			124,800.00	123,865.78	Nov-25-03	7.600%	MA - 65.00%	Paid Off - 360	Dec-02-02
40262644 1			205,000.00	203,186.67	Dec-02-03	7.250%	CA - 61.19%	Paid Off - 360	Nov-29-02
40291197 1			160,000.00	159,086.58	Nov-19-03	8.950%	CA - 80.00%	Paid Off - 360	Dec-24-02
40293268 1			197,000.00	195,167.39	Nov-25-03	6.990%	CA - 82.08%	Paid Off - 360	Nov-22-02
40298507 1			61,800.00	61,570.28	Nov-25-03	11.000%	MI - 60.00%	Paid Off - 360	Dec-10-02
40314171 1			140,000.00	139,274.59	Nov-25-03	9.900%	FL - 80.00%	Paid Off - 360	Nov-26-02
40324212 1			287,850.00	285,564.81	Nov-19-03	7.300%	NY - 94.38%	Paid Off - 360	Dec-09-02
40334625 1			229,500.00	228,207.82	Nov-28-03	9.500%	CA - 83.46%	Paid Off - 360	Nov-19-02
40352866 1			162,000.00	160,802.11	Nov-29-03	8.500%	CA - 90.00%	Paid Off - 360	Dec-05-02
40360752 1			324,000.00	321,957.85	Nov-25-03	8.950%	NJ - 90.00%	Paid Off - 360	Nov-18-02
40364457 1			85,750.00	85,214.81	Nov-19-03	8.999%	AZ - 82.45%	Paid Off - 360	Nov-22-02
40389835 1			87,750.00	87,318.80	Dec-10-03	11.000%	PA - 75.00%	Paid Off - 360	Dec-13-02
40395758 1			135,000.00	134,347.77	Nov-26-03	9.759%	RI - 75.00%	Paid Off - 360	Dec-04-02
40402885 1			127,775.00	126,864.44	Nov-25-03	7.950%	OH - 95.00%	Paid Off - 360	Dec-10-02
40406316 1			80,000.00	78,850.18	Dec-10-03	8.750%	FL - 80.00%	Paid Off - 360	Dec-09-02
40424137 1			112,000.00	111,143.49	Dec-10-03	7.990%	IL - 76.19%	Paid Off - 360	Nov-29-02
40442436 1			152,500.00	151,133.03	Nov-25-03	6.750%	PA - 80.69%	Paid Off - 360	De c-11-02
40451262 1			128,000.00	127,212.82	Dec-03-03	9.550%	RI - 80.00%	Paid Off - 360	Dec-04-02
40470312 1			99,000.00	98,595.28	Nov-12-03	10.700%	MN - 75.00%	Paid Off - 360	Dec-17-02
40478 992 1			135,000.00	133,754.81	Dec-02-03	6.759%	CA - 77.14%	Paid Off - 360	Dec-20-02
40509267 1			73,800.00	73,311.47	Dec-05-03	8.750%	OH - 90.00%	Paid Off - 360	Dec-03-02
					Page 20 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgag e Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
40515686 1			195,500.00	194,410.61	Dec-04-03	9.550%	CA - 85.00%	Paid Off - 360	Nov-29-02
40530172 1			50,250.00	49,999.79	Nov-11-03	9.615%	TN - 75.00%	Paid Off - 360	Dec-17-02
40537359 1			160,000.00	156,771.91	Nov-19- 03	7.750%	MA - 73.39%	Paid Off - 360	Dec-16-02
40542367 1			170,100.00	168,520.39	Nov-13-03	6.999%	CA - 90.00%	Paid Off - 360	Nov-18-02
40544256 1			119,000.00	118,175.35	Nov-26-03	7.999%	CA - 85.00%	Paid Off - 360	Dec-17-02
40553570 1			93,750.00	93,311.52	Nov-26-03	10.650%	IN - 75.00%	Paid Off - 360	Nov-19-02
40567877 1			255,000.00	252,954.98	Nov-28-03	7.750%	NJ - 85.00%	Paid Off - 360	Nov-29-02
40567901 1			157,000.00	153,864.39	Dec-10-03	7.750%	OH - 80.93%	Paid Off - 240	Dec-03-02
40569014 1			300,000.00	298,051.66	Dec-02-03	8.950%	CA - 70.59%	Paid Off - 360	Dec-02-02
40572463 1			140,250.00	139,230.84	Nov-26-03	7.750%	IL - 89.90%	Paid Off - 360	Dec-31-02
40599169 1			106,750.00	106,356.16	Nov-18-03	11.500%	TX - 70.00%	Paid Off - 360	Nov-15-02
40604506 1			140,250.00	139,177.60	Nov-26-03	7.750%	FL - 75.00%	Paid Off - 360	Dec-10-02
40608093 1			132,000.00	130,373.68	Dec-03-03	5.500%	AZ - 80.00%	Paid Off - 360	Nov-30-02
40609067 1			292,000.00	290,304.28	Nov-25-03	9.350%	CA - 80.00%	Paid Off - 360	Nov-29-02
40617839 1			75,000.00	73,593.10	Nov-18-03	8.259%	PA - 75.00%	Paid Off - 240	Nov-25-02
40623464 1			201,600.00	200,061.44	Dec-09-03	8.000%	MD - 90.00%	Paid Off - 360	Nov-29-02
40642258 1			243,000.00	240,765.56	Nov-21-03	7.050%	NJ - 89.67%	Paid Off - 360	Nov-27-02
40668162 1			150,000.00	148,737.39	Dec-04-03	6.999%	IL - 73.89%	Paid Off - 360	Dec-12-02
40691057 1			109,500.00	108,913.24	Nov-25-03	9.259%	CA - 75.00%	Paid Off - 360	Dec-19-02
40705816 1			94,500.00	93,865.77	Nov-20-03	8.150%	TN - 90.00%	Paid Off - 360	Dec-04-02
40705907 1			62,800.00	62,364.85	Nov-20-03	7.990%	FL - 87.22%	Paid Off - 360	Dec-27-02
40712366 1			60,000.00	59,745.22	Nov-17-03	11.500%	OH - 55.56%	Paid Off - 360	D ec-30-02
40722092 1			185,000.00	183,690.48	Nov-28-03	7.900%	CT - 76.76%	Paid Off - 360	Dec-30-02
40737876 1			85,000.00	84,507.98	Nov-28-03	9.376%	CA - 85.00%	Paid Off - 360	Dec-11-02
40750 283 1			193,500.00	192,094.97	Nov-14-03	8.250%	IL - 90.00%	Paid Off - 360	Nov-27-02
40750804 1			142,500.00	141,816.83	Dec-08-03	9.990%	CT - 75.00%	Paid Off - 360	Dec-16-02
40753725 1			108,000.00	107 ,509.26	Dec-01-03	10.525%	FL - 80.00%	Paid Off - 360	Nov-30-02
40757445 1			148,500.00	147,420.41	Nov-24-03	8.450%	WA - 89.73%	Paid Off - 360	Dec-16-02
40766545 1			188,000.00	186,337.05	Nov-24-03	7.250%	MN - 87.85%	Paid Off - 360	Nov-29-02
40771214 1			154,000.00	153,525.76	Nov-26-03	12.330%	NJ - 70.00%	Paid Off - 360	Nov-29-02
40773434 1			83,125.00	82,642.68	Nov-17-03	9.500%	NY - 36.94%	Paid Off - 360	Nov-29-02
40773590 1			102,850.00	102,139.79	Nov-18-03	8.500%	MN - 85.00%	Paid Off - 360	Nov-29-02
40778938 1			83,700.00	83,243.12	Nov-14-03	9.650%	AZ - 82.06%	Paid Off - 360	Nov-22-02
40788366 1			76,000.00	75,518.14	Nov-28-03	8.500%	TX - 65.52%	Paid Off - 360	Dec-11-02
40788390 1			97,750.00	96,944.99	Nov-20-03	8.950%	AZ - 85.00%	Paid Off - 360	Dec-16-02
40793648 1			65,000.00	63,861.32	Nov-17-03	7.990%	RI - 43.33%	Paid Off - 240	Dec-12-02
40801383 1			160,000.00	159,440.81	Dec-03-03	11.750%	MN - 80.00%	Paid Off - 360	Nov-29-02
40813867 1			200,500.00	198,892.09	Nov-21-03	7.750%	CA - 87.17%	Paid Off - 360	Nov-29-02
40816522 1			85,000.00	84,541.23	Dec-05-03	9.750%	MN - 48.57%	Paid Off - 360	Nov-30-02
40828188 1			134,500.00	133,483.62	Nov-26-03	8.050%	IL - 83.03%	Paid Off - 360	Dec-02-02
40828790 1			163,000.00	162,227.37	Nov-24-03	9.850%	CA - 84.90%	Paid Off - 360	Dec-20-02
40831349 1			262,500.00	260,375.05	Nov-20-03	7.200%	NY - 72.92%	Paid Off - 360	Dec-30-02
40835001 1			212,000.00	210,460.71	Dec-09-03	8.250%	CA - 77.09%	Paid Off - 360	Nov-29-02
40835217 1			50,000.00	49,173.72	Nov-24-03	6.750%	TX - 62.50%	Paid Off - 360	Nov-30-02
40842932 1			120,000.00	119,212.15	Nov-17-03	8.750%	CT - 76.43%	Paid Off - 360	Nov-29-02
40845505 1			106,400.00	105,816.96	Nov-24-03	9.150%	IL - 80.00%	Paid Off - 360	Dec-24-02
40845562 1			248,500.00	246,406.73	Nov-12-03	7.500%	CA - 70.00%	Paid Off - 360	Nov-29-02
40848756 1			319,500.00	317,155.91	Nov-28-03	8.000%	CA - 90.00%	Paid Off - 360	Dec-24-02
40860470 1			197,000.00	195,947.98	Nov-13-03	9.755%	ME - 70.36%	Paid Off - 360	Nov-30-02
40864506 1			52,500.00	52,299.44	Nov-25-03	10.900%	IN - 75.00%	Paid Off - 360	Dec-31-02
40867079 1			2 17,500.00	215,998.12	Dec-03-03	8.500%	IL - 88.78%	Paid Off - 360	Nov-29-02
40868648 1			144,000.00	142,895.48	Dec-09-03	7.599%	MA - 90.00%	Paid Off - 360	Dec-06-02
					Page 21 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
40892861 1			100,001.00	98,683.90	Dec-01-03	9.750%	MA - 86.96%	Paid Off - 360	Dec-27-02
40893828 1			118,065.00	117,319.01	Nov-24-03	8.450%	CA - 85.00%	Paid Off - 360	Dec-31-02
40921009 1			187,500.00	186,573.37	Dec-02-03	9.650%	KS - 75.61%	Paid Off - 360	Dec-26-02
40931131 1			165,000.00	164,038.69	Nov-21-03	8.850%	CA - 75.00%	Paid Off - 360	Dec-13-02
40937435 1			175,500.00	174,797.10	Nov-18-03	10.650%	CT - 90.00%	Paid Off - 360	Dec-02-02
40979155 1			142,500.00	141,754.48	Dec-10-03	9.375%	CA - 75.00%	Paid Off - 360	Dec-16-02
40990228 1			166,000.00	164,805.58	Nov-25-03	7.800%	CT - 85.13%	Paid Off - 360	Dec-16-02
40990608 1			237,500.00	235,208.33	Dec-02-03	6.800%	NY - 95.00%	Paid Off - 360	Nov-30-02
40991762 1			237,000.00	235,427.89	Dec-10-03	8.699%	NY - 72.92%	Paid Off - 360	Nov-30-02
40992265 1			91,750.00	91,176.30	Nov-17-03	8.990%	MO - 84.95%	Paid Off - 360	Dec-12-02
40995151 1			157,000.00	155,976.84	Dec-03-03	8.300%	MN - 89.71%	Paid Off - 360	Dec-05-02
41034307 1			135,000.00	133,896.14	Nov-28-03	7.999%	MA - 64.29%	Paid Off - 360	Dec-18-02
41039991 1			97,750.00	97,241.43	Nov-18-03	9.400%	FL - 85.00%	Paid Off - 360	Nov-29-02	&n bsp;
41050824 1			177,650.00	176,696.35	Nov-28-03	9.250%	MD - 84.60%	Paid Off - 360	Dec-24-02
41053505 1			50,000.00	49,849.91	Dec-03-03	11.990%	MA - 45.46%	Paid Off - 360	Dec-24-02
41070517 1			100,000.00	99,343.43	Nov-18-03	8.750%	MO - 78.74%	Paid Off - 360	Nov-29-02
41075813 1			154,700.00	153,682.42	Dec-03-03	8.250%	IL - 70.00%	Paid Off - 360	Dec-13-02
41082082 1			85,000.00	84,507.28	Dec-02-03	8.875%	MA - 53.13%	Paid Off - 360	Dec-20-02
41082959 1			139,500.00	138,627.39	Nov-20-03	8.500%	UT - 90.00%	Paid Off - 360	Dec-24-02
41084229 1			54,000.00	53,237.03	Nov-24-03	10.125%	MI - 75.00%	Paid Off - 360	Dec-09-02
41093121 1			262,000.00	260,010.85	Nov-18-03	7.550%	CA - 84.52%	Paid Off - 360	Dec-13-02
41101684 1			127,500.00	126,617.56	Nov-24-03	7.999%	NY - 57.96%	Paid Off - 360	Dec-13-02
41103862 1			279,000.00	277,253.51	Dec-05-03	8.999%	CA - 90.00%	Paid Off - 360	Dec-16-02
41105503 1			139,000.00	137,763.69	Nov-26-03	7.200%	TX - 91.45%	Paid Off - 360	Dec-23-02
41121476 1			160, 800.00	159,763.35	Nov-19-03	8.350%	CA - 80.00%	Paid Off - 360	Dec-31-02
41138199 1			72,000.00	71,754.38	Nov-18-03	11.400%	FL - 39.13%	Paid Off - 360	Dec-31-02
41155219 1			227,972.00	226,014.26	Nov-28-03	6.900%	CA - 87.68%	Paid Off - 360	Dec-31-02
41165077 1			144,000.00	139,932.89	Dec-04-03	8.750%	MA - 87.27%	Paid Off - 180	Dec-10-02
41176371 1			153,750.00	153,178.38	Dec-03-03	10.999%	NY - 75.00%	Paid Off - 360	Dec-16-02
41177437 1			201,000.00	199,275.43	Nov-26-03	6.900%	CA - 89.73%	Paid Off - 360	Dec-16-02		&nb sp;
41189523 1			50,000.00	49,313.65	Nov-24-03	10.009%	OH - 58.14%	Paid Off - 240	Dec-30-02
41192964 1			211,000.00	209,389.23	Dec-03-03	7.500%	CA - 49.65%	Paid Off - 360	Dec-12-02
41195009 1			108,000.00	107,694.31	Nov-25-03	12.500%	OH - 80.00%	Paid Off - 360	Dec-30-02
41200106 1			290,700.00	288,863.27	Nov-21-03	8.450%	CA - 90.00%	Paid Off - 360	Dec-30-02
41200817 1			256,500.00	254,362.16	Dec-09-03	7.050%	CA - 90.00%	Paid Off - 360	Dec-26-02
41202078 1			108,000.00	107,251.66	Dec-01-03	7.990%	IL - 74.48%	Paid Off - 360	Dec-31-02
41202961 1			124,100.00	123,354.55	Dec-09-03	8.700%	RI - 85.00%	Paid Off - 360	Dec-20-02
41209313 1			188,000.00	186,414.79	Dec-01-03	6.990%	CA - 83.56%	Paid Off - 360	Dec-12-02
41209404 1			204,000.00	203,043.10	Dec-05-03	9.900%	CA - 85.00%	Paid Off - 360	Dec-24-02
41209958 1			180,500.00	179,067.02	Dec-01-03	7.300%	CA - 95.00%	Paid Off - 360	Dec-13-02
41217480 1			240,000.00	238,894.92	Dec-03-03	9.990%	NY - 72.73%	Paid Off - 360	Dec-10-02
41225186 1			208,250.00	206,128.21	Dec-01-03	6.500%	CA - 85.00%	Paid Off - 360	Dec-11-02
41227976 1			174,500.00	173,775.44	Nov-13-03	10.500%	CA - 69.80%	Paid Off - 360	Dec-31-02
41249392 1			159,300.00	158,196.25	Nov-21-03	7.990%	NJ - - 90.00%	Paid Off - 360	Dec-31-02
41250747 1			66,400.00	66,094.97	Nov-25-03	10.000%	MI - 78.12%	Paid Off - 360	Dec-16-02
41258161 1			60,350.00	60,108.26	Dec-04-03	10.650%	PA - 85.00%	Paid Off - 360	Dec-24-02
41260613 1			171,750.00	170,433.53	Nov-21-03	10.650%	MN - 75.00%	Paid Off - 360	Dec-13-02
41265620 1			99,000.00	98,654.87	Nov-26-03	11.500%	RI - 58.24%	Paid Off - 360	Dec-31-02
41266313 1			138,000.00	137,153.93	Nov-12-03	8.599%	RI - 60.00%	Paid Off - 360	Dec-16-02
41288010 1			274,400.00	272,717.99	Nov-19-03	8.600%	CA - 80.00%	Paid Off - 360	Dec-20-02
41292418 1			220,500.00	218,944.22	Nov-28-03	7.900%	NY - 90.00%	Paid Off - 360	Dec-13-02
41300500 1			153,000.00	152,333.13	Nov-12-03	10.250%	MN - 85.00%	Paid Off - 360	Dec-12-02
					Page 22 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
41301193 1			121,500.00	120,688.62	Dec-08-03	8.175%	CA - 90.00%	Paid Off - 360	Dec-23-02
41309576 1			69,700.00	69,362.57	Nov-26-03	9.750%	MS - 85.00%	Paid Off - 360	Dec-19-02
41314279 1			330,000.00	320,569.33	Dec-03-03	9.750%	MA - 60.00%	Paid Off - 360	Dec-26-02
41342023 1			150,000.00	149,158.22	Dec-01-03	9.499%	PA - 75.00%	Paid Off - 360	Dec-30-02		&nb sp;
41344920 1			97,650.00	97,085.79	Dec-08-03	8.900%	TX - 90.00%	Paid Off - 360	Dec-04-02
41346198 1			110,000.00	109,493.62	Dec-01-03	9.990%	CA - 40.00%	Paid Off - 360	Dec-26-02
41358334 1			187,000.00	186,046.70	Nov-28-03	9.500%	CT - 81.30%	Paid Off - 360	Dec-26-02
41374125 1			85,000.00	84,609.39	Nov-21-03	9.999%	FL - 72.03%	Paid Off - 360	Dec-12-02
41377524 1			128,000.00	127,276.56	Dec-08-03	8.999%	CA - 80.00%	Paid Off - 360	Dec-27-02
41379009 1			210,600.00	209,591.30	Nov-24-03	9.800%	OH - 90.00%	Paid Off - 360	Dec-16-02
41381633 1			99,000.00	98,559.33	Nov-14-03	10.150%	MI - 60.00%	Paid Off - 360	Dec-19-02
41419466 1			50,000.00	49,793.70	Nov-17-03	9.990%	MI - 64.94%	Paid Off - 360	Jan-06-03
41589847 1			56,250.00	56,081.85	Nov-20-03	11.500%	CO - 75.00%	Paid Off - 360	Jan-15-03
41609751 1			133,200.00	132,255.73	Nov-12-03	8.990%	MS - 90.00%	Paid Off - 360	Jan-17-03
41696188 1			91,200.00	90,978.48	Dec-04-03	12.450%	MN - 60.00%	Paid Off - 360	Jan-02-03
41773219 1			124,200.00	123,754.36	Dec-01-03	10.650%	CT - 90.00%	Paid Off - 360	Jan-03-03
42139139 1			120,000.00	119,599.54	Nov-19-03	10.990%	FL - 80.00%	Paid Off - 360	Jan-17-03
42221333 1			169,000.00	168,575.84	Dec-08-03	12.300%	NY - 65.00%	Paid Off - 360	Jan-22-03
42320721 1			175,000.00	174,197.07	Dec-09-03	9.500%	IL - 88.83%	Paid Off - 360	Jan-21-03
42518647 1			65,025.00	64,751.54	Nov-26-03	9.900%	FL - 84.45%	Paid Off - 360	Jan-22-03	&n bsp;
36586105 2			57,750.00	57,412.66	Nov-21-03	10.990%	FL - 75.00%	Paid Off - 360	Jul-26-02
37485687 2			290,700.00	288,432.02	Nov-20-03	9.500%	AZ - 85.00%	Paid Off - 360	Jul-29-02
37677929 2			165,150.00	163,603.33	Nov-25-03	8.500%	MD - 90.00%	Paid Off - 360	Aug-30-02
37718293 2			65,600.00	64,321.23	Nov-13-03	9.990%	TX - 80.00%	Paid Off - 240	Aug-26-02
37939782 2			128,000.00	127,209.59	Dec-08-03	9.900%	CA - 69.57%	Paid Off - 360	Sep-30-02
38078879 2			207,000.00	205,215.72	Nov-20-03	8.650%	CA - 90.00%	Paid Off - 360	Aug-20-02
38168878 2			131,250.00	130,390.43	Dec-01-03	10.000%	CA - 75.00%	Pa id Off - 360	Aug-31-02
38213906 2			52,500.00	52,237.51	Nov-14-03	11.275%	PA - 75.00%	Paid Off - 360	Aug-29-02
38334538 2			95,600.00	95,213.41	Nov-24-03	11.500%	TX - 80.00%	Paid Off - 360	Oct-31-02
38497988 2			93,200.00	92,224.27	Dec-10-03	8.599%	PA - 79.66%	Paid Off - 360	Sep-30-02
38576146 2			153,000.00	151,664.73	Nov-17-03	8.200%	CO - 85.00%	Paid Off - 360	Sep-23-02
38620944 2			82,500.00	82,159.52	Dec-09-03	11.800%	TX - 75.00%	Paid Off - 360	Sep-25-02
38646139 2			289,750.00	286,330.53	Dec-03-03	6.650%	CA - 95.00%	Paid Off - 360	Sep-06-02
38656922 2			247,500.00	244,906.48	Nov-21-03	7 .400%	CA - 90.00%	Paid Off - 360	Oct-17-02
38667317 2			50,000.00	49,707.20	Nov-14-03	10.499%	MO - 28.57%	Paid Off - 360	Sep-24-02
38670188 2			117,300.00	116,661.15	Dec-10-03	10.500%	MN - 85.00%	Paid Off - 360	Sep - -18-02
38674438 2			126,750.00	126,007.40	Nov-13-03	9.750%	CO - 65.00%	Paid Off - 360	Oct-30-02
38751327 2			182,250.00	180,939.92	Nov-21-03	8.750%	CT - 75.00%	Paid Off - 360	Oct-15-02
38769816 2			93,500.00	93,017.25	Nov-25-03	10.759%	ID - 85.00%	Paid Off - 360	Sep-30-02
38842811 2			69,700.00	68,605.43	Dec-01-03	7.990%	AL - 88.79%	Paid Off - 360	Sep-25-02
38844130 2			283,500.00	28 0,012.02	Dec-01-03	5.990%	CA - 90.00%	Paid Off - 360	Oct-29-02
38968533 2			100,750.00	99,680.08	Nov-13-03	7.200%	CA - 62.19%	Paid Off - 360	Sep-30-02
39005228 2			160,000.00	158,546.76	Dec-03-03	7.999%	WA - 79.60%	Paid Off - 360	Sep-30-02
39074760 2			275,500.00	272,658.20	Dec-08-03	7.350%	CA - 95.00%	Paid Off - 360	Sep-30-02
39211503 2			120,000.00	117,749.99	Dec-02-03	8.990%	RI - 75.00%	Paid Off - 240	Oct-31-02
39229794 2			267,750.00	265,313.93	Dec-10-03	7.990%	CA - 85.00%	Paid Off - 360	Oct-04-02
39255674 2			68,800.00	68,412.65	Dec-04-03	9.500%	TX - 72.42%	Paid Off - 360	Nov-15-02
39263777 2			98,600.00	98,037.35	Nov-26-03	9.875%	MN - 85.00%	Paid Off - 360	Oct-15-02
39292537 2			185,300.00	184,007.91	Nov-19-03	8.900%	NY - 85.00%	Paid Off - 360	Oct-10-02
39327713 2			108,500.00	107,409.59	Nov-17-03	10.750%	MN - 70.00%	Paid Off - 360	Oct-31-02
39349592 2			105,000.00	104,122.21	Dec-01-03	8.000%	CA - 75.00%	Paid Off - 360	Oct-31-02
39383013 2			213,750.00	212,251.94	Nov-19-03	8.875%	NY - 75.00%	Paid Off - 360	Oct-16-02
					Page 23 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Originati on
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
39384631 2			263,500.00	259,303.88	Nov-18-03	9.999%	NY - 85.00%	Paid Off - 360	Nov-25-02
39385984 2			67,200.00	66,716.90	Nov-20-03	8.750%	TX - 80.00%	Paid Off - 360	Oct-29-02
39398961 2			116,500.00	115,702.43	Nov-28-03	8.990%	CT - 62.97%	Paid Off - 360	Oct-15-02
39430905 2			129,600.00	128,620.16	Nov-13-03	8.500%	MN - 90.00%	Paid Off - 360	Oct-15-02
39464540 2			63,000.00	62,702.49	Dec-01-03	10.775%	TX - 75.00%	Paid Off - 360	Oct-31-02
39479480 2			102,000.00	101,520.87	Dec-09-03	10.800%	FL - 74.45%	Paid Off - 360	Oct-18-02
39527445 2			180,000.00	178,081.62	Nov-20-03	6.750%	NJ - 89.55%	Paid Off - 360	Oct-17-02
39568639 2			108,000.00	106,956.53	Dec-05-03	7.259%	FL - 90.00%	Paid Off - 360	Oct-23-02
39587324 2			499,950.00	497,542.76	Nov-28-03	10.250%	CA - 69.92%	Paid Off - 360	Nov-29-02
39629894 2			65,000.00	64,556.14	Nov-24-03	8.555%	TX - 59.09%	Paid Off - 360	N ov-15-02
39631429 2			365,000.00	362,098.87	Dec-04-03	8.250%	CA - 81.11%	Paid Off - 360	Oct-29-02
39665443 2			213,574.00	210,307.05	Dec-04-03	5.950%	CA - 79.10%	Paid Off - 360	Oct-29-02
3980862 1 2			112,000.00	111,233.17	Nov-26-03	8.990%	IL - 89.60%	Paid Off - 360	Oct-21-02
39811435 2			208,000.00	206,717.35	Dec-02-03	9.500%	IL - 77.32%	Paid Off - 360	Oct-28-02
39814066 2			105,000.00	104,2 79.58	Nov-13-03	8.999%	IL - 75.00%	Paid Off - 360	Oct-29-02
39865118 2			51,750.00	51,343.32	Nov-21-03	11.775%	NY - 75.00%	Paid Off - 360	Oct-30-02
39871405 2			81,550.00	81,249.09	Nov-25-03	11.500%	TX - 70.00%	Paid Off - 360	Nov-19-02
39945662 2			110,500.00	109,481.28	Nov-26-03	7.500%	CA - 40.93%	Paid Off - 360	Oct-29-02
39982145 2			129,000.00	127,789.19	Nov-11-03	6.990%	MI - 88.97%	Paid Off - 360	Nov-06-02
40004749 2			129,200.00	128,317.20	Nov-24-03	9.000%	AZ - 85.00%	Paid Off - 360	Oct-31-02
40007916 2			111,350.00	110,551.06	Nov-21-03	8.759%	IL - 85.00%	Paid Off - 360	Oct-31-02
40047987 2			357,000.00	353,781.87	Dec-01-03	7.250%	CA - 68.00%	Paid Off - 360	Dec-30-02
40062093 2			71,477.00	67,673.55	Dec-10-03	8.500%	OH - 71.48%	Paid Off - 180	Nov-01-02
40094542 2			242,250.00	239,904.58	Dec-03-03	7.260%	CA - 95.00%	Paid Off - 360	Oct-31-02
40118275 2			168,300.00	165,831.30	Nov-26-03	8.850%	AZ - 90.00%	Paid Off - 360	Oct-31-02
40136509 2			131,000.00	128,314.74	Dec-08-03	7.500%	CO - 90.35%	Paid Off - 240	Nov-08-02
40183535 2			225,000.00	223,443.17	Dec-05-03	8.490%	NY - 84.91%	Paid Off - 360	Nov-13-02	&nbs p;
40202020 2			195,000.00	192,732.76	Dec-10-03	6.350%	NY - 65.00%	Paid Off - 360	Nov-01-02
40213969 2		261,250.00	259,154.88	Dec-08-03	7.750%	RI - 95.00%	Paid Off - 360	Nov-18-02
40214900 2			124,000.00	122,800.45	Nov-12-03	7.250%	MI - 88.57%	Paid Off - 360	Nov-26-02
40219040 2			157,250.00	156,450.44	Nov-26-03	9.990%	RI - 85.00%	Paid Off - 360	Nov-13-02
40245086 2			112,625.00	111,847.33	Dec-05-03	8.500%	FL - 85.00%	Paid Off - 360	Nov-20-02
40255770 2			146,000.00	144,840.59	Nov-28-03	7.800%	NV - 85.88%	Paid Off - 360	Nov-07-02
40260630 2			119,700.00	118,758.67	Nov-21-03	7.850%	AZ - 95.00%	Paid Off - - 360	Nov-08-02
40326118 2			50,000.00	49,727.00	Dec-08-03	9.650%	LA - 68.49%	Paid Off - 360	Nov-13-02
40410789 2			168,000.00	166,363.35	Nov-25-03	6.750%	CA - 76.36%	Paid Off - 360	Nov-18-02
40421935 2			328,500.00	325,444.14	Dec-05-03	6.990%	CA - 92.54%	Paid Off - 360	Nov-14-02
40545089 2			135,000.00	133,927.98	Nov-17-03	7.800%	NY - 60.00%	Paid Off - 360	Nov-13-02
40571242 2			492,000.00	482,448.62	Dec-03-03	6.250%	MA - 75.69%	Paid Off - 360	Dec-18-02
40659534 2			51,000.00	49,728.40	Nov-12-03	10.750%	FL - 82.26%	Paid Off - 360	Nov-29-02
40671471 2			252,000.00	249,380.25	Nov-19-03	9.150%	MD - 90.00%	Paid Off - 360	Nov-20-02
40685182 2			126,367.00	123,489.73	Dec-03-03	9.500%	CO - 40.12%	Paid Off - 360	Nov-25-02
40706848 2			91,000.00	90,646.45	Dec-05-03	11.259%	CA - 65.00%	Paid Off - 360	Nov-29-02
40749517 2			127,000.00	125,818.54	Nov-17-03	6.990%	RI - 74.27%	Paid Off - 360	Nov-26-02
40749830 2			261,250.00	258,778.54	Nov-25-03	6.950%	CA - 95.00%	Paid Off - 360	Dec-05-02
40795346 2			100,000.00	99,518.73	Nov-17-03	9.250%	CA - 74.07%	Paid Off - 360	Jan-09-03
40796450 2			249,000.00	247,970.51	Nov-29-03	10.500%	CA - 60.00%	Paid Off - 360	Dec-31-02
40835209 2			228,000.00	226,544.84	Nov-13-03	8.400%	CA - 80.00%	Paid Off - 360	Dec-16-02
40868879 2			130,000.00	128,924.05	Nov-25-03	7.590%	RI - 87.25%	Paid Off - 360	Nov-29-02
40911364 2			65,000.00	64,594.37	Dec-10-03	8.999%	NY - 84.42%	Paid Off - 360	Nov-25-02
40911422 2			595,000.00	590,568.25	Dec-01-03	7.625%	NY - 70.00%	Paid Off - 360	Dec-27-02
40916611 2			225,000.00	223,196.26	Nov-17-03	7.250%	AZ - 90.00%	Paid Off - 360	Dec-31-02
&nbs p;					Page 24 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
40923724 2			137,600.00	136,694.86	Nov-20-03	8.250%	IL - 80.00%	Paid Off - 360	Dec-19-02
40933871 2			58,650.00	58,379.95	Nov-13-03	9.990%	FL - 85.00%	Paid Off - 360	Dec-12-02
40943094 2		50,000.00	47,965.55	Nov-18-03	7.500%	MI - 80.65%	Paid Off - 180	Dec-16-02
40953531 2			75,000.00	73,764.93	Dec-09-03	8.500%	PA - 75.76%	Paid Off - 240	Dec-31-02
40972838 2			171,000.00	169,376.84	Dec-05-03	7.750%	RI - 95.00%	Paid Off - 360	Nov-29-02
40973885 2			111,150.00	110,346.48	Dec-02-03	8.250%	IA - 95.00%	Paid Off - 360	Dec-30-02
41005000 2			351,000.00	348,847.99	Dec-01-03	8.599%	MD - 90.00%	Paid Off - 360	Dec-27-02
41018615 2			103,500.00	102,737.65	Dec-05-03	8.250%	MI - 90.00%	Paid Off - - 360	Nov-29-02
41034802 2			73,500.00	72,960.56	Dec-01-03	7.700%	MO - 70.00%	Paid Off - 360	Dec-18-02
41068222 2			60,000.00	58,380.92	Nov-18-03	9.150%	AL - 70.59%	Paid Off - 180	Dec-16-02
41084310 2			91,500.00	90,755.07	Dec-04-03	7.250%	CA - 72.62%	Paid Off - 360	Dec-11-02
41101379 2			69,500.00	68,809.21	Nov-13-03	7.500%	MA - 22.06%	Paid Off - 360	Dec-31-02
41142696 2			94,50 0.00	93,878.39	Nov-13-03	8.250%	FL - 90.00%	Paid Off - 360	Dec-31-02
41150186 2			335,000.00	332,904.55	Nov-28-03	8.500%	MD - 83.75%	Paid Off - 360	Dec-26-02
41157207 2			256,500.00	254,417.47	Nov-12-03	7.450%	CA - 95.00%	Paid Off - 360	Dec-17-02
41159179 2			245,000.00	243,219.57	Dec-03-03	7.750%	CA - 72.06%	Paid Off - 360	Dec-23-02
41191974 2			72,180.00	71,843.29	Dec-10-03	10.250%	TX - 90.00%	Paid Off - 360	Dec-31-02
41192766 2			450,000.00	445,178.96	Nov-11-03	6.250%	IL - 92.40%	Paid Off - 360	Nov-29-02		;
41206970 2			330,000.00	328,317.02	Nov-20-03	9.500%	NJ - 62.86%	Paid Off - 360	Dec-30-02
41208620 2			147,900.00	147,020.02	Nov-24-03	8.750%	MN - 85.00%	Paid Off - 360	Dec-26-02
41240359 2			144,000.00	142,934.88	Dec-03-03	7.990%	MA - 90.00%	Paid Off - 360	Dec-20-02
41272337 2			272,000.00	270,210.86	Dec-03-03	8.250%	CT - 85.00%	Paid Off - 360	Dec-30-02
41273491 2			57,000.00	56,737.57	Nov-26-03	9.990%	LA - 66.28%	Paid Off - 360	Dec-13-02
41310822 2			98,100.00	97,486.32	Nov-28-03	8.500%	OK - 90.00%	Paid Off - 360	Dec-31-02
41324575 2			140,000.00	138,877.64	Dec-02-03	7.250%	MN - 61.95%	Paid Off - 360	Dec-13-02
41334673 2			225,000.00	222,915.61	Nov-26-03	6.500%	CA - 82.72%	Paid Off - 360	Dec-18-02
41386616 2			261,000.00	255,368.31	Nov-28-03	8.759%	CA - 85.57%	Paid Off - 240	Dec-13-02
41402579 2			275,000.00	273,485.35	Nov-14-03	9.125%	CA - 81.36%	Paid Off - 360	Dec-12-02
41410366 2			145,000.00	143,995.36	Nov-20-03	7.990%	MN - 71.78%	Paid Off - 360	Dec-18-02
41411869 2			50,150.00	49,870.88	Dec-10-03	9.500%	NE - 83.58%	Paid Off - 360	Dec-24-02
41414434 2			104,000.00	103,317.11	Dec-10-03	8.259%	RI - 80.00%	Paid Off - 360	Dec-26-02
41416033 2			180,500.00	179,469.59	Nov-26-03	8.950%	IL - 95.00%	Paid Off - 360	Dec-17-02
41416371 2			80,000.00	79,552.64	Dec-02-03	9.700%	AZ - 79.76%	Paid Off - 360	Dec-24-02
41424128 2			210,000.00	208,701.81	Dec-10-03	9.999%	MA - 67.74%	Paid Off - 360	Dec-31-02
41424995 2			110,000.00	109,396.17	Dec-04-03	9.150%	NY - 72.37%	Paid Off - 360	Dec-16-02
41426644 2			227,000.00	225,267.12	Dec-01-03	7.500%	CA - 84.07%	Paid Off - 360	Dec-26-02
41432790 2			184,000.00	182,725.11	Nov-25-03	7.990%	CA - 89.76%	Paid Off - 360	Dec-30-02
41456815 2			90,000.00	89,491.38	Dec-09-03	9.000%	MN - 89.11%	Paid Off - 360	Dec-23-02
41458928 2			140,000.00	138,965.45	Dec-04 - -03	7.990%	FL - 46.67%	Paid Off - 360	Dec-31-02
41460916 2			112,500.00	111,956.47	Nov-17-03	9.759%	NJ - 68.18%	Paid Off - 360	Dec-26-02
41463845 2			88,000.00	87,421.10	Nov-13-03	8.250%	FL - 83.02%	Paid Off - 360	Dec-26-02
41474404 2			330,000.00	328,007.65	Nov-20-03	8.700%	NJ - 75.00%	Paid Off - 360	Dec-31-02
41482522 2			251,750.00	249,385.14	Dec-08-03	7.300%	CO - 95.00%	Paid Off - 360	Dec-13-02
41483991 2			280,000.00	279,114.87	Dec-02-03	11.750%	CA - 80.00%	Paid Off - 360	Dec-26-02
41501040 2			135,000.00	134,236.49	Dec-02-03	8.999%	IL - 90.00%	Paid Off - 360	Dec-27-02
41503350 2			150,010.00	148,335.92	Dec-04-03	11.025%	MA - 61.23%	Paid Off - 360	Dec-26-02
41506585 2			153,000.00	152,178.65	Nov-18-03	9.250%	IL - 85.00%	Paid Off - 360	Dec-31-02
41512815 2			65,450.00	65,080.09	Nov-28-03	8.999%	CA - 85.00%	Paid Off - 360	Dec-31-02
41518325 2			216,000.00	214,629.17	Dec-09-03	8.259%	CA - 88.16%	Paid Off - 360	Jan-24-03
41521170 2			76,500.00	76,001.74	Nov-21-03	8.300%	NJ - 74.63%	Paid Off - 360	Dec-27-02
41522640 2			90,000.00	89,585.72	Nov-20-03	9.990%	MO - 73.77%	Paid Off - 360	Dec-30-02
41550682 2			238,000.00	236,654.84	Nov-20-03	8.999%	NY - 89.81%	Paid Off - 360	Dec-18-02
					Page 25 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Dist ribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
41552597 2			101,250.00	100,528.64	Nov-26-03	7.850%	PA - 75.00%	Paid Off - 360	Dec-19-02
41554593 2			95,500.00	94,932.15	Dec-03-03	8.750%	MI - 76.40%	Paid Off - 360	Dec-30-02
41555608 2			243,000.00	241,314.28	Dec-04-03	7.990%	CA - 90.00%	Paid Off - 360	Dec-19-02
41555798 2			132,000.00	130,888.85	Nov-21-03	6.999%	MA - 69.47%	Paid Off - 360	Dec-31-02
41556598 2			259,000.00	257,117.93	Dec-01-03	7.750%	CA - 83.55%	Paid Off - 360	Dec-24-02
41568148 2			90,000.00	89,683.52	Nov-26-03	11.259%	AL - - 75.00%	Paid Off - 360	Dec-27-02
41570938 2			120,000.00	119,037.93	Nov-14-03	7.250%	PA - 60.00%	Paid Off - 360	Dec-30-02
41572892 2			217,000.00	216,348.99	Nov-13-03	11.990%	NY - 66.77%	Paid Off - 360	Dec-31-02
41580457 2			261,202.00	258,678.80	Dec-03-03	6.500%	CA - 95.00%	Paid Off - 360	Dec-30-02
41585126 2			117,000.00	116,433.64	Nov-17-03	9.750%	MO - 89.31%	Paid Off - 360	Dec-30-02
41588021 2			342,000.00	338,256.61	Nov-19-03	8.150%	OR - 90.00%	Paid Off - 360	Dec-23-02
41589318 2			279,900.00	277,960.66	Nov-17-03	7.990%	CA - 90.00%	Paid Off - 360	Dec-18-02
41592767 2			79,000.00	78,505.76	Nov-13 - -03	8.500%	FL - 75.96%	Paid Off - 360	Dec-30-02
41595141 2			209,000.00	206,808.81	Nov-24-03	8.900%	RI - 81.32%	Paid Off - 360	Dec-31-02
41598277 2			243,500.00	239,366.57	Nov-26-03	8.250%	PA - 62.44%	Paid Off - 240	Dec-23-02
41598327 2			80,000.00	79,631.66	Dec-01-03	9.990%	NY - 67.80%	Paid Off - 360	Dec-30-02
41606062 2			212,000.00	210,172.30	Dec-08-03	6.875%	NY - 80.00%	Paid Off - 360	Dec-18-02
41611229 2			112,400.00	111,661.96	Dec-05-03	8.259%	IL - 70.25%	Paid Off - 360	Dec-19-02
41621368 2			144,000.00	142,900.74	Nov-20-03	7.500%	IL - 90.00%	Paid Off - 360	Dec-26-02
41621434 2			169,000.00	167,767.55	Nov-17-03	8.300%	CA - 89.89%	Paid Off - 360	Dec-27-02
41628298 2			81,000.00	80,483.02	Nov-26-03	8.400%	MI - 90.00%	Paid Off - 360	Dec-31-02
41634833 2			377,100.00	374,347.36	Nov-18-03	7.990%	MN - 76.18%	Paid Off - 360	Dec-27-02
41638487 2			184,000.00	182,905.94	Nov-28-03	8.750%	MD - 79.65%	Paid Off - 360	Dec-31-02
41641176 2			86,000.00	85,598.80	Dec-02-03	9.990%	IA - 74.78%	Paid Off - 360	Dec-31-02
41644972 2			180,000.00	179,064.37	Dec-03-03	8.875%	MD - 80.00%	Paid Off - 360	Jan-17-03
41650383 2			125,001.00	124,341.69	Dec-10-03	9.500%	NY - 45.46%	Paid Off - 360	Dec-30-02
41664475 2			318,750.00	316,695.05	Dec-04-03	8.350%	NY - 85.00%	Paid Off - 360	Dec-23-02
41666694 2			158,950.00	158,049.97	Dec-08-03	8.990%	CA - 85.00%	Paid Off - 360	Dec-24-02
41674789 2			218,450.00	217,013.03	Nov-17-03	8.250%	FL - 85.00%	Paid Off - 360	Dec-30-02
41689167 2			81,500.00	79,891.49	Dec-01-03	6.990%	ME - 60.37%	Paid Off - 360	Dec-31-02
41700279 2			326,500.00	323,175.48	Nov-17-03	6.000%	CA - 79.63%	Paid Off - 360	Dec-26-02
41703240 2			230,000.00	228,425.31	Dec-01-03	8.050%	CA - 58.97%	Paid Off - 360	Dec-1 9-02
41711250 2			107,100.00	106,608.05	Dec-10-03	10.000%	IL - 85.00%	Paid Off - 360	Dec-31-02
41713496 2			195,000.00	194,239.54	Nov-26-03	10.775%	NY - 65.00%	Paid Off - 360	Dec-26-02
41713678 2			126,000.00	125,126.97	Nov-18-03	7.990%	PA - 66.32%	Paid Off - 360	Dec-26-02
41714965 2			171,000.00	170,329.57	Dec-10-03	10.750%	WA - 90.00%	Paid Off - 360	Dec-31-02
41721366 2			185,000.00	183,44 0.10	Dec-08-03	6.990%	NY - 69.81%	Paid Off - 360	Dec-31-02
41724402 2			132,300.00	131,343.27	Nov-13-03	7.775%	CT - 90.00%	Paid Off - 360	Dec-26-02
41730193 2			299,200.00	296,698.95	Nov-26-03	7.250%	MA - 85.00%	Paid Off - 360	Dec-31-02
41734922 2			123,250.00	122,439.26	Nov-26-03	8.250%	NJ - 85.00%	Paid Off - 360	Dec-31-02
41744624 2			274,500.00	272,948.96	Dec-03-03	9.000%	MN - 90.00%	Paid Off - 360	Dec-26-02
41748864 2			155,200.00	154,344.45	Nov-28-03	9.125%	MD - 80.00%	Paid Off - 360	Dec-30-02
41748989 2			120,000.00	119,390.76	Nov-19-03	8.990%	RI - 77.42%	Paid Off - 360	Jan-16-03
41750167 2			300,000.00	297,014.40	Dec-05-03	7.250%	UT - 80.00%	Paid Off - 360	Dec-23-02
41762196 2			151,300.00	150,051.13	Dec-01-03	7.100%	CA - 85.00%	Paid Off - 360	Dec-26-02
41771759 2			109,500.00	107,743.34	Dec-05-03	8.990%	MA - 45.63%	Paid Off - 360	Dec-31-02
41773953 2			155,500.00	154,253.37	Nov-24-03	7.250%	MN - 74.05%	Paid Off - 360	Dec-24-02
41783705 2			122,000.00	121,041.10	Nov-20-03	8.657%	NJ - 76.25%	Paid Off - 360	Dec-30-02
41790429 2			156,000.00	154,871.62	Dec-01-03	7.750%	NH - 86.67%	Paid Off - 360	Dec-31-02
41793928 2			192,100.00	190,481.14	Nov-19-03	7.000%	MD - 85.00%	Paid Off - 360	Dec-30-02
41794215 2			95,000.00	94,375.06	Dec-03-03	8.250%	FL - 57.58%	Paid Off - 360	Dec-26-02
41798570 2		&nbs p;	265,500.00	263,243.90	Nov-28-03	6.950%	NJ - 90.00%	Paid Off - 360	Dec-20-02
					Page 26 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
41812207 2			173,200.00	171,811.54	Dec-01-03	7.250%	NY - 64.15%	Paid Off - 360	Dec-31-02
41817669 2			117,000.00	116,104.63	Dec-03-03	8.990%	MA - 50.87%	Paid Off - 360	Jan-03-03
41837782 2			65,000.00	64,641.94	Dec-04-03	9.125%	NJ - 43.33%	Paid Off - 360	Dec-30-02
41847799 2			179,500.00	178,025.55	Dec-02-03	7.125%	MN - 69.84%	Paid Off - 360	Dec-30-02
41859190 2			51,000.00	50,271.27	Dec-01-03	9.650%	MO - 75.00%	Paid Off - 240	Dec-31-02
41860198 2			145,000.00	143,547.94	Nov-25-03	8.990%	MA - 58.00%	Paid Off - 360	Dec-27-02
41862814 2			134,000.00	133,256.30	Dec-09-03	8.600%	MA - 69.79%	Paid Off - 360	Jan-15-03
4186 7060 2			108,000.00	107,057.19	Nov-13-03	6.999%	CA - 69.68%	Paid Off - 360	Dec-27-02
41868183 2			112,000.00	111,053.72	Dec-05-03	7.250%	MN - 82.35%	Paid Off - 360	Dec-30-02
41875402 2			170,350.00	16 9,169.63	Nov-26-03	7.990%	FL - 89.66%	Paid Off - 360	Dec-31-02
41881004 2			100,000.00	98,796.26	Nov-28-03	7.250%	NJ - 32.79%	Paid Off - 360	Dec-30-02
41890203 2			334,500.00	332,752.56	Nov-28-03	8.850%	NJ - 75.00%	Paid Off - 360	Jan-17-03
41894072 2			60,000.00	59,270.89	Nov-28-03	9.155%	MA - 77.92%	Paid Off - 360	Dec-30-02
41894528 2			143,000.00	142,590.22	Dec-09-03	12.200%	MA - 52.00%	Paid Off - 360	Dec-27-02
41900002 2			150,000.00	149,092.57	Dec-01-03	8.125%	IN - 75.00%	Paid Off - 360	Jan-17-03
41905928 2			176,250.00	175,254.10	Dec-05-03	9.000%	NY - 75.00%	Paid Off - 360	Dec-30-02
41908559 2			186,000.00	184,246.42	Nov-19-03	8.875%	MA - 68.89%	Paid Off - 360	Dec-30-02
41920406 2			100,100.00	99,589.67	Nov-12-03	9.500%	CO - 83.42%	Paid Off - 360	Dec-31-02
41945767 2			195,500.00	194,007.57	Nov-26-03	7.500%	CO - 82.84%	Paid Off - 360	Dec-23-02
41947904 2			148,800.00	147,813.32	Nov-25-03	8.800%	MD - 68.89%	Paid Off - 360	Dec-31-02
41949108 2			220,500.00	218,732.36	Nov-28-03	7.250%	CA - 78.75%	Paid Off - 360	Dec-30-02
41958323 2			119,000.00	118,217.25	Nov-12-03	8.250%	MN - 74.38%	Paid Off - 360	Dec-30-02	&nbs p;
41975657 2			83,100.00	82,380.01	Nov-26-03	6.850%	OH - 79.90%	Paid Off - 360	Jan-07-03
41997966 2			120,000.00	119,076.13	Nov-20-03	7.500%	IL - 85.71%	Paid Off - 360	Dec-31-02
42005272 2			157,500.00	156,463.97	Nov-21-03	8.250%	CA - 70.00%	Paid Off - 360	Dec-31-02
42012856 2			166,500.00	165,484.55	Nov-26-03	8.625%	NJ - 86.72%	Paid Off - 360	Dec-31-02
42013508 2			130,000.00	125,785.60	Nov-26-03	6.990%	MO - 82.28%	Paid Off - 180	Dec-30-02
42020693 2			110,000.00	109,118.12	Nov-14-03	7.250%	IL - 72.37%	Paid Off - 360	Dec-30-02
42036202 2			143,200.00	142,051.83	Dec-02-03	7.250%	IL - 80.00%	Paid Off - 360	Dec-30-02
42038307 2			90,750.00	90,332.22	Nov-12-03	9.990%	FL - 75.00%	Paid Off - 360	Dec-30-02
42042531 2			187,200.00	186,040.80	Dec-10-03	8.550%	CA - 90.00%	Paid Off - 360	Dec-31-02
42046516 2			50,000.00	49,758.45	Nov-26-03	9.759%	PA - 45.46%	Paid Off - 360	Dec-30-02
42066894 2			55,000.00	54,162.61	Dec-05-03	8.250%	IL - 55.00%	Paid Off - 240	Jan-13-03
42073130 2			116,000 .00	115,494.41	Nov-14-03	10.250%	CA - 80.00%	Paid Off - 360	Dec-31-02
42100594 2			214,200.00	212,643.45	Dec-05-03	7.750%	CA - 85.00%	Paid Off - 360	Dec-31-02
42195719 2			132,000.00	131,137.84	Nov-26-03	10.259%	MA - 76.74%	Paid Off - 360	Jan-17-03
42217034 2			251,100.00	249,788.20	Nov-19-03	8.850%	MS - 90.00%	Paid Off - 360	Jan-22-03
42245969 2			236,500.00	235,139.39	Nov-28-03	8.375%	NY - 84.46%	Paid Off - 360	Jan-21-03
42293829 2			261,000.00	259,807.31	Nov-25-03	9.500%	NY - 90.00%	Paid Off - 360	Jan-15-03
42336180 2			210,500.00	209,405.87	Dec-03-03	8.875%	NY - 61.55%	Paid Off - 360	Jan-23-03
42339937 2			222,000.00	213,796.89	Nov-28-03	8.750%	MA - 79.29%	Paid Off - 360	Jan-22-03
42464065 2			68,000.00	67,573.75	Dec-10-03	8.375%	MI - 75.56%	Paid Off - 360	Jan-23-03
42553123 2			193,285.00	192,295.69	Dec-01-03	8.950%	NJ - 89.90%	Paid Off - 360	Jan-21-03
42562348 2			56,000.00	55,719.41	Nov-13-03	9.500%	WI - 83.58%	Paid Off - 360	Jan-24-03
42609792 2			117,000.00	116,481.77	Nov-26-03	9.650%	CT - 90.00%	Paid Off - 360	Jan-23-03
42703017 2			139,000.00	138,084.84	Nov-26-03	7.700%	OH - 74.73%	Paid Off - 360	Jan-22-03
					Page 27 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Realized Los s Report for December 26, 2003 Distribution
											&nbs p;
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					3	1	4
	Collateral Realized Loss/(Gain) Amount					62,325.36	1,520.01	63,845.37
	Net Liquidation Proceeds					289,281.84	89,811.98	379,093.82
	Cumulative
	Number of Loans Liquidated					7	5	12
	Collateral Realized Loss/(Gain) Amount					193,953.60	41,073.52	235,027.12
	Net Liquidation Proceeds					933,219.96	536,803.58	1,470,023.54
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
								&n bsp;
				Page 28 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.04%	0.02%	0.03%
	3 Months Avg MDR					0.03%	0.02%	0.02%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.01%	0.01%	0.01%
	CDR					0.52%	0.20%	0.39%
	3 Months Avg CDR					0.31%	0.24%	0.29%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.15%	0.12%	0.14%
	SDA					2.26%	0.88%	1.71%
	3 Months Avg SDA Approximation					1.51%	1.19%	1.38%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					1.10%	0.85%	1.00%
	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
	Group 1
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 29 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
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 De fault 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 + WA Sn+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 30 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for December 26, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 4						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 445,700.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 442,939.19
Total Realized Loss Amount = 63,845.37
Total Net Liquidation Proceeds = 379,093.82
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
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
40812489 1			92,000.00	91,331.99	(999.99)	8.250%	LA - 80.00%	360	Nov-29-02
39609557 2		FLC	103,200.00	102,750.04	27,910.09	11.150%	FL - 80.00%	360	Oct-22-02
41502824 2		REO	84,000.00	83,474.56	33,560.41	8.500%	MO - 81.55%	360	Dec-30-02
41702713 2			166,500.00	165,382.60	382.85	8.150%	CO - 90.00%	360	Dec-30-02
					Page 31 of 32				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Stepdown Date has occurred							No
	Delinquency Percenta ge							5.77%
	Balances 60+ days							75,104,480.56
	Ending Balance							1,301,872,446.66
	Credit Enhancement Percentage							24.14%
	Balance of Mezzanine and C Class							314,284,570.00
	Ending Balance							1,301,872,446.66
	Ending Balance of Fixed Loans - used for Trigger							363,834,904.02
	Ending Balance of Adjustable Loans - used for Trigger							938,037,542.64
	Trigger Event in effect							No
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Amt: Class A-1							0.00
	Net WAC Rate Carryover Amt: Class A-2							0.00
	Net WAC Rate Carryover Amt: Class M-1							0.00
	Net WAC Rate Carryover Amt: Class M-2							0.00
	Net WAC Rate Carryover Amt: Class M-3							0.00
	Net WAC Rate Carryover Amt: Class M-4							0.00
	Net WAC Rate Carryover Amt: Class A-1 unpaid							0.00
	Libor for Current Period							1.118750%
	Net WAC Rate Carryover Amt: Class M-1 unpaid							0.00
	Current Period loan level losses							60,853.36
	Current Recoveries or Losses from Prior periods							(59,333.35)
	Total Current Losses							1,520.01
				Page 32 of 32				© COPYRIGHT 2003 Deutsche Bank