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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): June 25, 2001
AMERIQUEST MORTGAGE SECURITIES INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF JUNE 1, 2001, PROVIDING FOR THE ISSUANCE
OF FLOATING RATE MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2001-1)
Ameriquest Mortgage Securities Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-94443 33-0885129
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
1100 Town & Country Road, Suite 1100
Orange, California 92868
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (714) 541-9960
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Item 2. Acquisition or Disposition of Assets
Description of the Certificates and the Mortgage Pool
On June 25, 2001, a single series of certificates, entitled
Ameriquest Mortgage Securities Inc., Floating Rate Mortgage Pass-Through
Certificates, Series 2001-1 (the "Certificates"), were issued pursuant to a
pooling and servicing agreement, dated as of June 1, 2001 (the "Agreement"),
attached hereto as Exhibit 4.1, among Ameriquest Mortgage Securities Inc. as
depositor (the "Depositor"), Ameriquest Mortgage Company ("Ameriquest") as
master servicer (in such capacity, the "Master Servicer") and Bankers Trust
Company of California, N.A. as trustee (the "Trustee"). The Certificates consist
of six classes of certificates (collectively, the "Certificates"), designated as
the "Class A Certificates", the "Class M-1 Certificates", the "Class M-2
Certificates", the "Class CE Certificates", the "Class P Certificates" and the
"Class R Certificates." The Certificates evidence in the aggregate the entire
beneficial ownership interest in a trust fund (the "Trust Fund"), consisting
primarily of a segregated pool (the "Mortgage Pool") of conventional, one- to
four- family, fixed rate and adjustable rate, first lien mortgage loans having
original terms to maturity not greater than 30 years (the "Mortgage Loans"). The
Mortgage Pool consists of Mortgage Loans having an aggregate principal balance
of $239,276,377 as of June 1, 2001 (the "Cut-off Date"). The Mortgage Loans were
purchased pursuant to the Mortgage Loan Purchase Agreement (the "Purchase
Agreement"), dated June 21, 2001, between Ameriquest Mortgage Company and the
Depositor. The Class A Certificates, the Class M-1 Certificates and the Class
M-2 Certificates were sold by the Depositor to Salomon Smith Barney Inc. (the
"Underwriter"), pursuant to an Underwriting Agreement, dated June 21, 2001,
between the Depositor and the Underwriter.
The Certificates, other than the Class CE Certificates, the
Class P Certificates and the Class R Certificates and the Mortgage Loans are
more particularly described in the Prospectus, dated June 21, 2001 and the
Prospectus Supplement, dated June 21, 2001, as previously filed with the
Securities and Exchange Commission pursuant to Rule 424(b). The Class CE
Certificates, Class P Certificates and the Class R Certificates have not been
and will not be publicly offered by the Depositor. Capitalized terms used but
not otherwise defined herein shall have the meanings assigned to them in the
Prospectus Supplement.
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Initial Certificate
Class Principal Balance Pass-Through Rate
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A $ 281,250,000 Variable
M-1 $ 6,750,000 Variable
M-2 $ 9,750,000 Variable
CE $ 2,249,900 Variable
P $ 100 Variable
R 100% Percentage Interest N/A
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
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4.1 Pooling and Servicing Agreement, dated as
of June 1, 2001, by and among Ameriquest
Mortgage Securities Inc. as Depositor,
Ameriquest Mortgage Company as Master
Servicer and Bankers Trust Company of
California, N.A. as Trustee, relating to
the Series 2001-1 Certificates.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Dated: June 25, 2001
AMERIQUEST MORTGAGE SECURITIES INC.
By: /s/ John P. Grazer
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Name: John P. Grazer
Title: CFO
Index to Exhibits
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Exhibit No. Description
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4.1 Pooling and Servicing Agreement, dated as of
June 1, 2001, by and among Ameriquest Mortgage
Securities Inc. as Depositor, Ameriquest Mortgage
Company as Master Servicer and Bankers Trust
Company of California, N.A. as Trustee, relating
to the Series 2001-1 Certificates.