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): October 25, 2002
AMERIQUEST MORTGAGE SECURITIES INC.
(as depositor, Ameriquest Mortgage Company, in its capacity as
originator and Master Servicer, U.S. Bank National Association
as Trustee, and Deutsche Bank National Trust Company, as
Trust Administrator).
ASSET BACKED PASS THROUGH CERTIFICATES 2002-3
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-77012-04 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
October 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 September 1, 2002.
Date: November 20, 2002 By: /s/ Katherine M. Wannenmacher
Katherine M. Wannenmacher
Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of October 25, 2002.
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
October 25, 2002 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Contents
> 1
2. Certificate Payment
> Report 2
3. Collection Account
>Report 8
4. Credit Enhancement
>Report 11
5. Collateral Report
> 12
6. Delinquency Report
> 15
7. REO Report
> 19
8. Foreclosure Report
> 20
9. Prepayment Report
> 21
10. Prepayment Detail R
>eport 24
11. Realized Loss Repor
>t 26
12. Realized Loss Detai
>l Report 29
13. Triggers, Adj. Rate
> Cert. and Miscellaneous Report 30
Total Number of Pag
>es 30
CONTACTS
Administrator: Va
>lerie M Delgado
Direct Phone Number
>: (714)247-6273
Address: Deutsche
> Bank
17
>61 E. St. Andrew Place, Santa Ana, CA 92705
Web Site: http://
>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: September 1
>, 2002
Certificate Insurer(s):
> Closing Date: September
>4, 2002
> First Payment Date: October 25, 200
>2
Servicer(s): Ameriquest Mortgage Corp Mast
>er Servicer
> Distribution Date: October 25,
>2002
Underwriter(s): UBS Warburg Underwriter
> Record Date: October 24
>, 2002
> Se
>ptember 30, 2002
> Page 1 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REMIC I
Certificate Payment Report for October 25, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
Remic 1 804982675.3
>804982675.3 5922433.463 10883107 16805540.46 0
> 0 794099568.3
Total 804982675.3
>804982675.3 5922433.463 10883107 16805540.46 0
> 0 794099568.3
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
Remic 1 A-
> 804982675.3 1000 7.35721854 13.51967854 20.8
>7689708 986.4803215
> Page 2 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REMIC I
Certificate Payment Report for October 25, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal 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 804982675.3 5922433.463
> 0 10883107 10883107 16805540.46 0
> 0 794099568.3
Total 804982675.3 5922433.463
> 0 10883107 10883107 16805540.46 0
> 0 794099568.3
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
Remic 1 0.086495781 804982675.3
>5922433.463 0 0 0 5922433.463 5922
>433.463 0
Total 804982675.3
>5922433.463 0 0 0 5922433.463 5922
>433.463 0
> Page 3 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REMIC II
Certificate Payment Report for October 25, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
Remic 2 804982675.3
>804982675.3 5922195.516 10883344.95 16805540.46 0 2
>37.9473 794099568.3
Total 804982675.3
>804982675.3 5922195.516 10883344.95 16805540.46 0 2
>37.9473 794099568.3
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
Remic 2 A-
> 804982675.3 1000 7.356922947 13.51997413 20.8
>7689708 986.4803215
> Page 4 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REMIC II
Certificate Payment Report for October 25, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal Principal Principal Distribution Losses Interest
> Balance
(1) (2) (3)
> (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8)
> (9)=(1)-(5)-(7)+(8)
Remic 2 804982675.3 5922195.516
> 0 10883344.95 10883344.95 16805540.46 0 2
>37.9473 794099568.3
Total 804982675.3 5922195.516
> 0 10883344.95 10883344.95 16805540.46 0 2
>37.9473 794099568.3
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
Remic 2 0.086495781 804982675.3
>5922195.516 0 0 0 5922195.516 5922
>433.463 0
Total 804982675.3
>5922195.516 0 0 0 5922195.516 5922
>433.463 0
> Page 5 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REMIC III
Certificate Payment Report for October 25, 2002 Distribution
Distribution in Dollars - Current Period
Prio
>r
> Current
Class Original Prin
>cipal Total Realized Deferred
> Principal
Class Type Face Value Bala
>nce Interest Principal Distribution Losses Interest
> Balance
(1)
> (2) (3) (4)=(2)+(3) (5) (6)
> (7)=(1)-(3)-(5)+(6)
AF-1 80864000
> 80864000 171162.13 1362568.198 1533730.328 0
> 0 79501431.8
AF-2 22828000
> 22828000 58401.6305 0 58401.6305 0
> 0 22828000
AF-3 50916000
> 50916000 156991 0 156991 0
> 0 50916000
AF-4 17369000
> 17369000 67160.13 0 67160.13 0
> 0 17369000
AF-5 24453000
> 24453000 111464.93 0 111464.93 0
> 0 24453000
AF-6 27000000
> 27000000 113175 0 113175 0
> 0 27000000
AV-1 372089000
> 372089000 1112236.04 7076266.17 8188502.21 0
> 0 365012733.8
AV-2 74651000
> 74651000 224201.84 2468067.359 2692269.199 0
> 0 72182932.64
M-1 46287000
> 46287000 165244.59 0 165244.59 0
> 0 46287000
M-2 38237000
> 38237000 166299.09 0 166299.09 0
> 0 38237000
M-3 32200000
> 32200000 169694 0 169694 0
> 0 32200000
M-4 12075000
> 12075000 67911.81 0 67911.81 0
> 0 12075000
S 0
> 0 175000 0 175000 0
> 0 0
CE 6013575.34
> 6013575.34 3017551.063 0 3017551.063 0 2
>3794.73 6037370.07
P 100
> 100 122145.48 0 122145.48 0
> 0 100
R-3 0
> 0 0 0 0 0
> 0 0
Total 804982675.3
>804982675.3 5898638.734 10906901.73 16805540.46 0 2
>3794.73 794099568.3
Interest Accrual Detail Curr
>ent Period Factor Information per $1,000 of Original Face
> Orig. PrincipalPrior
> Current
Period Period
> (with Notional)Principal Total
> Principal
Class Starting Ending Method Cusi
>p Balance Balance Interest Principal Distribu
>tion Balance
> (1) (2) (3) (4)=(2)+
>(3) (5)
AF-1 37500 37529 A-Act/360 0307
>2SCL7 80864000 1000 2.116666625 16.85012117 18.9
>6678779 983.1498788
AF-2 37500 37529 A-Act/360 0307
>2SCM5 22828000 1000 2.558333209 0 2.55
>8333209 1000
AF-3 37500 37529 A-Act/360 0307
>2SCN3 50916000 1000 3.083333333 0 3.08
>3333333 1000
AF-4 37500 37529 A-Act/360 0307
>2SCP8 17369000 1000 3.866666475 0 3.86
>6666475 1000
AF-5 37500 37529 A-Act/360 0307
>2SCQ6 24453000 1000 4.558333538 0 4.55
>8333538 1000
AF-6 37500 37529 A-Act/360 0307
>2SCR4 27000000 1000 4.191666667 0 4.19
>1666667 1000
AV-1 37503 37553 A-Act/360 0307
>2SCY9 372089000 1000 2.989166678 19.01767096 22.0
>0683764 980.982329
AV-2 37503 37553 A-Act/360 0307
>2SCS2 74651000 1000 3.003333378 33.06141054 36.0
>6474392 966.9385894
M-1 37503 37553 A-Act/360 0307
>2SCU7 46287000 1000 3.57 0
> 3.57 1000
M-2 37503 37553 A-Act/360 0307
>2SCV5 38237000 1000 4.349166776 0 4.34
>9166776 1000
M-3 37503 37553 A-Act/360 0307
>2SCW3 32200000 1000 5.27 0
> 5.27 1000
M-4 37503 37553 A-Act/360 0307
>2SCX1 12075000 1000 5.62416646 0 5.6
>2416646 1000
S 37500 37529 A-30/360 0307
>2SCT0 0 0 0 0
> 0 0
CE 37500 37529 A-30/360
> 6013575.34 1000 501.7898492 0 501.
>7898492 1003.956836
P A-
> 100 1000 1221454.8 0 12
>21454.8 1000
R-3 A-
> 0 0 0 0
> 0 0
> Page 6 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REMIC III
Certificate Payment Report for October 25, 2002 Distribution
Distribution in Dollars - to Date
>
> Current
Original Unsc
>heduled Scheduled Total Total Realized Deferred
> Principal
Class Face Value Interest Prin
>cipal 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 80864000 171162.13
> 1293718.15 68850.0479 1362568.198 1533730.328 0
> 0 79501431.8
AF-2 22828000 58401.6305
> 0 0 0 58401.6305 0
> 0 22828000
AF-3 50916000 156991
> 0 0 0 156991 0
> 0 50916000
AF-4 17369000 67160.13
> 0 0 0 67160.13 0
> 0 17369000
AF-5 24453000 111464.93
> 0 0 0 111464.93 0
> 0 24453000
AF-6 27000000 113175
> 0 0 0 113175 0
> 0 27000000
AV-1 372089000 1112236.04
> 6718705.18 357560.99 7076266.17 8188502.21 0
> 0 365012733.8
AV-2 74651000 224201.84
> 2343356.87 124710.4885 2468067.359 2692269.199 0
> 0 72182932.64
M-1 46287000 165244.59
> 0 0 0 165244.59 0
> 0 46287000
M-2 38237000 166299.09
> 0 0 0 166299.09 0
> 0 38237000
M-3 32200000 169694
> 0 0 0 169694 0
> 0 32200000
M-4 12075000 67911.81
> 0 0 0 67911.81 0
> 0 12075000
S 0 175000
> 0 0 0 175000 0
> 0 0
CE 6013575.34 3017551.063
> 0 0 0 3017551.063 0 2
>3794.73 6037370.07
P 100 122145.48
> 0 0 0 122145.48 0
> 0 100
R-3 0 0
> 0 0 0 0 0
> 0 0
Total 804982675.3 5898638.734
> 10355780.2 551121.5264 10906901.73 16805540.46 0 2
>3794.73 794099568.3
Interest Detail
Pass- Prior Principal
> Non- Prior Unscheduled Paid or
> Current
Through (with Notional) Accr
>ued Supported Unpaid Interest Optimal Deferred
> Unpaid
Class Rate Balance Inte
>rest Interest SF Interest Adjustments Interest Interest
> Interest
(1)
> (2) (3) (4) (5)=(1)-(2)+(3)(6)
> (7)=(5)-(6)
AF-1 0.0254 80864000
> 171162.13 0 0 0 171162.13 17
>1162.13 0
AF-2 0.0307 22828000
> 58401.6305 0 0 0 58401.6305 584
>01.6305 0
AF-3 0.037 50916000
> 156991 0 0 0 156991
> 156991 0
AF-4 0.0464 17369000
> 67160.13 0 0 0 67160.13 6
>7160.13 0
AF-5 0.0547 24453000
> 111464.93 0 0 0 111464.93 11
>1464.93 0
AF-6 0.0503 27000000
> 113175 0 0 0 113175
> 113175 0
AV-1 0.0211 372089000
> 1112236.04 0 0 0 1112236.04 111
>2236.04 0
AV-2 0.0212 74651000
> 224201.84 0 0 0 224201.84 22
>4201.84 0
M-1 0.0252 46287000
> 165244.59 0 0 0 165244.59 16
>5244.59 0
M-2 0.0307 38237000
> 166299.09 0 0 0 166299.09 16
>6299.09 0
M-3 0.0372 32200000
> 169694 0 0 0 169694
> 169694 0
M-4 0.0397 12075000
> 67911.81 0 0 0 67911.81 6
>7911.81 0
S 0.06 35000000
> 175000 0 0 0 175000
> 175000 0
CE 0.04498 6013575.34
>3017551.063 0 0 0 3017551.063 3041
>345.793 0
P 100
> 122145.48 0 0 0 122145.48 12
>2145.48 0
R-3 0
> 0 0 0 0 0
> 0 0
Total 839982675.3
>5898638.734 0 0 0 5898638.734 5922
>433.464 0
> Page 7 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Collection Account Report for October 25, 2002 Distribution
Collection Account Report
SUMMARY GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Principal Collections 2,46
>2,682.97 7,060,828.44 1,359,595.59 10,883,107.00
Principal Other Accounts 0.00
> 0.00 0.00 0.00
TOTAL NET PRINCIPAL 2,46
>2,682.97 7,060,828.44 1,359,595.59 10,883,107.00
Interest Collections 631,
>252.99 3,496,533.41 1,866,613.47 5,994,399.87
Interest Withdrawals 0.00
> 0.00 0.00 0.00
Interest Other Accounts 0.00
> 0.00 0.00 122,145.48
Interest Fees (16,
>221.57) (100,610.26) (77,280.06) (194,111.89)
TOTAL NET INTEREST 615,
>031.42 3,395,923.15 1,789,333.41 5,922,433.46
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 3,07
>7,714.39 10,456,751.59 3,148,929.00 16,805,540.46
PRINCIPAL - COLLECTIONS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Scheduled Principal Received 54,5
>53.19 246,290.11 250,278.23 551,121.53
Prepayments In Full 2,05
>4,656.58 6,118,774.74 973,895.73 9,147,327.05
Curtailments 2,43
>5.99 172,857.32 135,421.63 310,714.94
Liquidations 0.00
> 0.00 0.00 0.00
Insurance Principal 0.00
> 0.00 0.00 0.00
Repurchased Principal Amounts 351,
>037.21 522,906.27 0.00 873,943.48
Other Principal 0.00
> 0.00 0.00 0.00
Total Realized Loss Of Principal 0.00
> 0.00 0.00 0.00
Delinquent Principal (31,
>242.77) (109,983.23) (77,946.27) (219,172.27)
Advanced Principal 31,2
>42.77 109,983.23 77,946.27 219,172.27
TOTAL PRINCIPAL COLLECTED 2,46
>2,682.97 7,060,828.44 1,359,595.59 10,883,107.00
Page 8 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Collection Account Report for October 25, 2002 Distribution
Collection Account Report
PRINCIPAL - WITHDRAWALS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00
> 0.00 0.00 0.00
INTEREST - COLLECTIONS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Scheduled Interest 650,
>121.81 3,579,115.39 1,901,830.68 6,131,067.88
Liquidation Interest 0.00
> 0.00 0.00 0.00
Repurchased Interest 2,48
>6.51 4,155.50 0.00 6,642.01
Insurance Interest 0.00
> 0.00 0.00 0.00
Other Interest 0.00
> 0.00 0.00 0.00
Relief Act Interest Shortfalls 0.00
> 0.00 0.00 0.00
Prepayment Interest Shortfalls (2,1
>43.95) (7,308.31) (167.93) (9,620.19)
Compensating Interest 2,14
>3.95 7,308.31 167.93 9,620.19
Delinquent Interest (376
>,349.91) (1,705,915.47) (605,340.45) (2,687,605.83)
Interest Advanced 354,
>994.58 1,619,177.99 570,123.24 2,544,295.81
TOTAL INTEREST COLLECTED 631,
>252.99 3,496,533.41 1,866,613.47 5,994,399.87
Page 9 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Collection Account Report for October 25, 2002 Distribution
Collection Account Report
INTEREST - WITHDRAWALS GROU
>P 3 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 GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Prepayment Charges
> 122,145.48
TOTAL INTEREST OTHER ACCOUNTS
> 122,145.48
INTEREST - FEES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current Servicing Fees 15,9
>97.45 99,492.88 76,609.10 192,099.43
Trustee Fee 224.
>12 1,117.38 670.96 2,012.46
TOTAL INTEREST OTHER FEES 16,2
>21.57 100,610.26 77,280.06 194,111.89
Page 10 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Credit Enhancement Report for October 25, 2002 Distribution
Credit Enhancement Report
ACCOUNTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Overcollateralized Amount
> 6,037,370.07
Overcollateralization Reduction Amount
> 0.00
Overcollateralization Deficiency Amount
> 23,794.73
Overcollateralization Target Amount
> 6,037,370.07
Excess Overcollateralization Amount
> 0.00
Overcollateralization Increase Amount
> 23,794.73
Page 11 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Collateral Report for October 25, 2002 Distribution
Collateral Report
COLLATERAL GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Loan Count:
Original
> 231 3497 1965 5693
Prior
> 0 0 0 0
Prefunding
> 0 0 0 0
Scheduled Paid Offs
> 0 0 0 0
Full Voluntary Prepayments
> -5 -34 -8 -47
Repurchases
> -1 -2 0 -3
Liquidations
> 0 0 0 0
Current
> 225 3461 1957 5643
Principal Balance:
Original
> 89646675.8 446952850.8 268383148.7 804982675.3
Prior
> 0 0 0 0
Prefunding
> 0 0 0 0
Scheduled Principal
> -54553.19 -246290.11 -250278.23 -551121.53
Partial and Full Voluntary Prepayments
>-2057092.57 -6291632.06 -1109317.36 -9458041.99
Repurchases
> -351037.21 -522906.27 0 -873943.48
Liquidations
> 0 0 0 0
Current
>87183992.83 439892022.4 267023553.1 794099568.3
PREFUNDING GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
Group 1 Group 3
Group 2
Current Prin Balance by Groups (in millions of dollars) Tota
>l Current Principal Balance (in millions of dollars)
Page 12 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Collateral Report for October 25, 2002 Distribution
Collateral Report
CHARACTERISTICS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Weighted Average Coupon Original
>0.087357392 0.096205339 0.085035026 0.091495781
Weighted Average Coupon Prior
Weighted Average Coupon Current
>0.087357392 0.096205339 0.085035026 0.091495781
Weighted Average Months to Maturity Original
> 356 352 327 344.0326706
Weighted Average Months to Maturity Prior
> 0 0 0 0
Weighted Average Months to Maturity Current
> 356 352 327 344.0326706
Weighted Avg Remaining Amortization Term Original
>355.1485294 351.9861003 326.8602924 343.88451
Weighted Avg Remaining Amortization Term Prior
> 0 0 0 0
Weighted Avg Remaining Amortization Term Current
>355.1485294 351.9861003 326.8602924 343.88451
Weighted Average Seasoning Original
> 3.03741177 2.97963704 3.31562321 3.098958667
Weighted Average Seasoning Prior
> 0 0 0 0
Weighted Average Seasoning Current
> 3.03741177 2.97963704 3.31562321 3.098958667
Note: Original information refers to deal issue.
Group 1 Group 3
Group 2
WAC by Groups Tota
>l WAC
WARAT by Groups Tota
>l WARAT
Note: Dates correspond to distribution dates.
Page 13 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Collateral Report for October 25, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Weighted Average Margin Original
> 0.0642186 0.06498431
Weighted Average Margin Prior
Weighted Average Margin Current
> 0.0642186 0.06498431
Weighted Average Max Rate Original
> 0.14759162 0.15642232 0.08503811
Weighted Average Max Rate Prior
Weighted Average Max Rate Current
> 0.14759162 0.15642232 0.08503811
Weighted Average Min Rate Original
> 0.08759162 0.09642232 0.08503811
Weighted Average Min Rate Prior
Weighted Average Min Rate Current
> 0.08759162 0.09642232 0.08503811
Weighted Average Cap Up Original
> 0.01 0.01
Weighted Average Cap Up Prior
Weighted Average Cap Up Current
> 0.01 0.01
Weighted Average Cap Down Original
> 0.01 0.01
Weighted Average Cap Down Prior
Weighted Average Cap Down Current
> 0.01 0.01
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current Servicing Fees 15,9
>97.45 99,492.88 76,609.10 192,099.43
Delinquent Servicing Fees 21,3
>55.33 86,737.47 35,217.21 143,310.01
TOTAL SERVICING FEES 37,3
>52.78 186,230.35 111,826.31 335,409.44
Compensating Interest (2,1
>43.95) (7,308.31) (167.93) (9,620.19)
Delinquent Servicing Fees (21,
>355.33) (86,737.47) (35,217.21) (143,310.01)
COLLECTED SERVICING FEES 13,8
>53.50 92,184.57 76,441.17 182,479.24
Aggregate Advances with respect to this Distribution 386,
>237.35 1,729,161.22 648,069.51 2,763,468.08
Current Nonrecoverable Advances 0.00
> 0.00 0.00 0.00
Cumulative Nonrecoverable Advances 0.00
> 0.00 0.00 0.00
ADDITIONAL COLLATERAL INFORMATION GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Net Prepayment Interest Shortfall 0.00
> 0.00 0.00 0.00
Page 14 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Delinquency Report for October 25, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 280787.83 0 0 280787.83
% Balance
>0.000353593 0 0 0.000353593
# Loans
> 3 0 0 3
% # Loans
>0.000531632 0 0 0.000531632
FORECLOSURE Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
BANKRUPTCY Balance 402666.13
> 0 0 0 402666.13
% Balance 0.000507073
> 0 0 0 0.000507073
# Loans 4
> 0 0 0 4
% # Loans 0.000708843
> 0 0 0 0.000708843
REO Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
TOTAL Balance 402666.13
> 280787.83 0 0 683453.96
% Balance 0.000507073
>0.000353593 0 0 0.000860665
# Loans 4
> 3 0 0 7
% # Loans 0.000708843
>0.000531632 0 0 0.001240475
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 15 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Delinquency Report for October 25, 2002 Distribution
Delinquency Report - Group 1 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 0 0 0 0
% Balance
> 0 0 0 0
# Loans
> 0 0 0 0
% # Loans
> 0 0 0 0
FORECLOSURE Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
BANKRUPTCY Balance 352765.7
> 0 0 0 352765.7
% Balance 0.001321103
> 0 0 0 0.001321103
# Loans 3
> 0 0 0 3
% # Loans 0.001532959
> 0 0 0 0.001532959
REO Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
TOTAL Balance 352765.7
> 0 0 0 352765.7
% Balance 0.001321103
> 0 0 0 0.001321103
# Loans 3
> 0 0 0 3
% # Loans 0.001532959
> 0 0 0 0.001532959
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 16 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Delinquency Report for October 25, 2002 Distribution
Delinquency Report - Group 2 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 280787.83 0 0 280787.83
% Balance
>0.000638311 0 0 0.000638311
# Loans
> 3 0 0 3
% # Loans
>0.000866802 0 0 0.000866802
FORECLOSURE Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
BANKRUPTCY Balance 49900.43
> 0 0 0 49900.43
% Balance 0.000113438
> 0 0 0 0.000113438
# Loans 1
> 0 0 0 1
% # Loans 0.000288934
> 0 0 0 0.000288934
REO Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
TOTAL Balance 49900.43
> 280787.83 0 0 330688.26
% Balance 0.000113438
>0.000638311 0 0 0.000751749
# Loans 1
> 3 0 0 4
% # Loans 0.000288934
>0.000866802 0 0 0.001155735
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 17 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Delinquency Report for October 25, 2002 Distribution
Delinquency Report - Group 3 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 0 0 0 0
% Balance
> 0 0 0 0
# Loans
> 0 0 0 0
% # Loans
> 0 0 0 0
FORECLOSURE Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
BANKRUPTCY Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
REO Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
TOTAL Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 18 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
REO Report for October 25, 2002 Distribution
REO Report - Mortgage Loans that Become REO During Current Dis
>tribution
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 Loan Group 3
> = Group 3 Group; REO Book Value = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that be
>come REO during current distribution.
Loan Number Original Stated Curr
>ent State &
& Principal Principal Paid to Note
> LTV at Original Origination
Loan Group Balance Balance Date Rate
> Origination Term Date
SPACE INTENTIONALLY LEFT BLANK
Page 19 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Foreclosure Report for October 25, 2002 Distribution
Foreclosure Report - Mortgage Loans that Become Foreclosure Du
>ring 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 Group 3
> = Group 3 Group
Loan Number Original Stated Curr
>ent 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 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Prepayment Report for October 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current
Number of Paid in Full Loans
> 5 34 8 47
Number of Repurchased Loans
> 1 2 0 3
Total Number of Loans Prepaid in Full
> 6 36 8 50
Paid in Full Balance
> 2054656.58 6118774.74 973895.73 9147327.05
Repurchased Loans Balance
> 351037.21 522906.27 0 873943.48
Curtailments Amount
> 2435.99 172857.32 135421.63 310714.94
Total Prepayment Amount
> 2408129.78 6814538.33 1109317.36 10331985.47
Cumulative
Number of Paid in Full Loans
> 5 34 8 47
Number of Repurchased Loans
> 1 2 0 3
Total Number of Loans Prepaid in Full
> 6 36 8 50
Paid in Full Balance
> 2054656.58 6118774.74 973895.73 9147327.05
Repurchased Loans Balance
> 351037.21 522906.27 0 873943.48
Curtailments Amount
> 2435.99 172857.32 135421.63 310714.94
Total Prepayment Amount
> 2408129.78 6814538.33 1109317.36 10331985.47
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars) Tota
>l Prepayments (in thousands of dollars)
Page 21 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Prepayment Report for October 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SMM
>0.026878812 0.015255067 0.004137193 0.012843834
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off
>0.026878812 0.015255067 0.004137193 0.012843834
CPR
>0.278887297 0.168456333 0.048532068 0.143691313
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off
>0.278887297 0.168456333 0.048532068 0.143691313
PSA
>45.90870744 28.26792848 7.318694635 23.18380595
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
>45.90870744 28.26792848 7.318694635 23.18380595
Group 1 Group 3
Group 2
CPR by Groups Tota
>l CPR
PSA by Groups Tota
>l PSA
Page 22 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Prepayment Report for October 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
Group 1 Group 3
Group 2
CPR Avg since Cut-Off by Groups Tota
>l CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups Tota
>l PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full p
>repayments + 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 (Avg
>CPRn,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 23 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Prepayment Detail Report for October 25, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 50
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 10,030,222.00
> Loan Group 2 = Group 2 Group
Total Prepayment Amount = 10,021,270.53
> Loan Group 3 = Group 3 Group
Loan Number Original
> Current State & Type Prepayment
& Loan Principal Prepayment Prep
>ayment Note LTV at & Origination
Loan Group Status Balance Amount Date
> Rate Origination Original Term Date
35668516 1 148500 148254.81
> 37501 0.09TX - 90.00% Paid Off - 36 37406
35710367 1 108800 108453.24
> 37526 0.0825GA - 85.00% Paid Off - 36 37375
35897065 1 123000 122774.85
> 37530 0.085NJ - 83.70% Paid Off - 36 37382
36064376 1 198000 197531.98
> 37530 0.08659MA - 90.00% Paid Off - 36 37400
36161974 1 59400 59327.01
> 37523 0.104MO - 90.00% Paid Off - 36 37392
36192169 1 101000 100833.05
> 37531 0.104IL - 42.10% Paid Off - 36 37393
36668440 1 187000 186760.7
> 37509 0.0825MA - 56.70% Paid Off - 36 37431
36685089 1 50000 49960.09
> 37530 0.105OH - 45.90% Paid Off - 36 37420
34888628 2 58500 58337.79
> 37532 0.09IN - 65.00% Paid Off - 36 37342
35035013 2 288000 287799.82
> 37510 0.1299MA - 79.60% Paid Off - 36 37392
35314673 2 207000 206666.58
> 37530 0.105NJ - 90.00% Paid Off - 36 37376
35520766 2 131250 131136.16
> 37515 0.11999RI - 75.00% Paid Off - 36 37386
35526631 2 201000 200907.35
> 37524 0.1299CA - 61.10% Paid Off - 36 37435
35579184 2 155000 154854.79
> 37530 0.0975CA - 50.00% Paid Off - 36 37426
35867845 2 136500 136397.58
> 37490 0.1265CT - 70.00% Paid Off - 36 37393
35880046 2 292500 292140.9
> 37531 0.1175NY - 65.00% Paid Off - 36 37375
35926997 2 154000 153793.88
> 37538 0.1MI - 84.60% Paid Off - 36 37396
35991454 2 210000 209823.11
> 37518 0.1025CA - 70.00% Paid Off - 36 37428
36023851 2 165750 165550.63
> 37526 0.105CA - 85.00% Paid Off - 36 37398
36327518 2 121500 121443.99
> 37522 0.1299MN - 90.00% Paid Off - 36 37420
36360899 2 117000 116946.08
> 37530 0.1299IN - 90.00% Paid Off - 36 37427
36567022 2 126000 125830.34
> 37537 0.08CA - 90.00% Paid Off - 36 37435
36567279 2 300000 299807.32
> 37517 0.115IL - 60.00% Paid Off - 36 37435
36573079 2 220000 219870.64
> 37530 0.119MN - 62.90% Paid Off - 36 37431
36573566 2 72750 72685.22
> 37539 0.0999MN - 75.00% Paid Off - 36 37434
36597482 2 300000 299862.02
> 37530 0.12999CA - 75.00% Paid Off - 36 37431
36673978 2 80850 80788.14
> 37497 0.10698OK - 84.20% Paid Off - 36 37435
36697571 2 256000 255755.04
> 37530 0.0965MA - 84.80% Paid Off - 36 37432
36723005 2 192950 192487.18
> 37503 0.1075NJ - 85.00% Paid Off - 24 37426
36781136 2 300000 299765.57
> 37517 0.10599CA - 37.50% Paid Off - 36 37437
36858009 2 161250 161134.45
> 37518 0.10999CA - 80.60% Paid Off - 36 37435
36859510 2 104000 103888.29
> 37532 0.091FL - 80.00% Paid Off - 36 37434
36895597 2 208000 207719.92
> 37536 0.08NJ - 77.00% Paid Off - 36 37433
36912897 2 62372 62299.95
> 37519 0.0875MI - 70.90% Paid Off - 36 37435
37066206 2 121600 121528.57
> 37525 0.0865RI - 95.00% Paid Off - 36 37446
37155058 2 285000 284898.35
> 37531 0.10999CA - 48.50% Paid Off - 36 37449
37204849 2 160050 159990.07
> 37509 0.10775TX - 75.00% Paid Off - 36 37462
37245743 2 135000 134955.8
> 37495 0.1139IL - 65.90% Paid Off - 36 37467
37304144 2 280000 279900.13
> 37529 0.10999CA - 71.80% Paid Off - 36 37466
37338225 2 200000 199884.92
> 37532 0.0875NY - 23.50% Paid Off - 36 37452
37376134 2 80000 79979.06
> 37497 0.124TX - 80.00% Paid Off - 36 37468
37456639 2 240000 239945.1
> 37530 0.12999CA - 57.80% Paid Off - 36 37468
35861210 3 390000 389449.67
> 37517 0.0975CA - 70.90% Paid Off - 36 37384
36184901 3 390000 389905.64
> 37502 0.1275CA - 75.00% Paid Off - 36 37461
Page
> 24 of 30 (c) COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Prepayment Detail Report for October 25, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
Loan Number Original
> Current State &
& Loan Principal Prepayment Prep
>ayment Note LTV at Original Origination
Loan Group Status Balance Amount Date
> Rate Origination Term Date
36546638 3 382500 382225.91
> 37530 0.10999CA - 80.50% Paid Off - 36 37431
36973659 3 573750 573212.46
> 37532 0.0975CA - 75.00% Paid Off - 36 37436
37183027 3 320000 319862.9
> 37518 0.1015CA - 58.10% Paid Off - 36 37455
37073400 2 299000 298881.17
> 37530 0.1125CA - 43.40% Repur/Subs - 37468
37474129 2 224200 224025.1
> 37530 0.0725CA - 95.00% Repur/Subs - 37456
37276763 3 351250 351037.21
> 37530 0.085CA - 92.90% Repur/Subs - 37454
Page
> 25 of 30 (c) COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Realized Loss Report for October 25, 2002 Distribution
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current
Number of Loans Liquidated
> 0 0 0 0
Collateral Realized Loss/(Gain) Amount
> 0 0 0 0
Net Liquidation Proceeds
> 0 0 0 0
Cumulative
Number of Loans Liquidated
> 0 0 0 0
Collateral Realized Loss/(Gain) Amount
> 0 0 0 0
Net Liquidation Proceeds
> 0 0 0 0
Note: Collateral realized losses may include adjustments to loan
>s liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
Group 1 Group 3
> 3 Months Moving Average
Group 2
Collateral Loss Severity Approximation by Groups Coll
>ateral Loss Severity Approximation
Page 26 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Realized Loss Report for October 25, 2002 Distribution
Realized Loss Report - Collateral
DEFAULT SPEEDS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
MDR
> 0 0 0 0
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off
> 0 0 0 0
CDR
> 0 0 0 0
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off
> 0 0 0 0
SDA
> 0 0 0 0
3 Months Avg SDA Approximation
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation
> 0 0 0 0
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 3
Group 2
CDR by Groups Tota
>l CDR
SDA by Groups Tota
>l SDA
Page 27 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Realized Loss Report for October 25, 2002 Distribution
Realized Loss Report - Collateral
Group 1 Group 3
Group 2
CDR Avg since Cut-Off by Groups Tota
>l CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups Tota
>l SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquida
>ted 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 (Avg
>CDRn,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 Los
>s Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth mont
>h and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and in
>clude realized gains and additional realized losses and gains from priorperiod
>s.
Dates correspond to distribution dates.
Page 28 of 30
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Realized Loss Detail Report for October 25, 2002 Distribution
Realized Loss Detail Report - Loans Liquidated During Current
>Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 0
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00
> Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
> Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Loan Number Original Prior
> Current State &
& Loan Principal Principal Real
>ized Note LTV at Original Origination
Loan Group Status Balance Balance Loss
>/(Gain) Rate Origination Term Date
SPACE INTENTIONALLY LEFT BLANK
Page
> 29 of 30 (c) COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-3
Asset Backed Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for October 2
>5, 2002 Distribution
Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Trigger Event in effect
> No
Stepdown Date has occurred
> No
Balances 60+ days
> 402,666.13
Ending Balance
> 794,099,568.34
Delinquency Percentage
> 0.05%
Balance of Mezzanine and C Class
> 134,836,370.07
Ending Balance
> 794,099,568.34
Credit Enhancement Percentage
> 16.98%
ADJUSTABLE RATE CERTIFICATE INFORMATION GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Net WAC Rate Carryover Amt: Class A
> 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 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-1 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-2 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-3 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-4 unpaid
> 0.00
ADDITIONAL INFORMATION GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Libor for Current Period
> 1.820000%
Current Period loan level losses
> 0.00
Current Recoveries or Losses from Prior periods
> 0.00
Total Current Losses
> 0.00
Net WAC Rate Carryover Reserve Account
> 1,000.00
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> (c) COPYRIGHT 2002 Deutsche Bank