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): September 25, 2002
AMERIQUEST MORTGAGE SECURITIES INC.
(as depositor, Ameriquest Mortgage Company, in its capacity as
originator and Master Servicer, and Deutsche Bank National
Trust Company, as Trustee).
AMERIQUEST MORT SEC INC ASSET BCKD PS THR CERT SER 2002-AR1
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-77012-03 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
September 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 August 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 September 25, 2002.
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
September 25, 2002 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Contents
> 1
2. Certificate Payment
> Report 2
3. Collection Account
>Report 12
4. Credit Enhancement
>Report 15
5. Collateral Report
> 16
6. Delinquency Report
> 19
7. REO Report
> 22
8. Foreclosure Report
> 23
9. Prepayment Report
> 24
10. Prepayment Detail R
>eport 27
11. Realized Loss Repor
>t 28
12. Realized Loss Detai
>l Report 31
13. Triggers, Adj. Rate
> Cert. and Miscellaneous Report 32
Total Number of Pag
>es 32
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: August 1, 2
>002
Certificate Insurer(s):
> Closing Date: August 26,
> 2002
> First Payment Date: September 25, 2
>002
Servicer(s): Ameriquest Mortgage Corp Mast
>er Servicer
> Distribution Date: September 25
>, 2002
Underwriter(s): Smith Barney Mortgage Corp. U
>nderwriter Record Date: September
>24, 2002
> Au
>gust 30, 2002
> Page 1 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC I & II
Certificate Payment Report for September 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 839206098.5
>839206098.5 5746980.212 6457870.53 12204850.74 0
> 0 832748228
Remic 2 839206098.5
>839206098.5 5746980.208 6457870.535 12204850.74 0
> 0.0048 832748228
Total 1678412197
> 1678412197 11493960.42 12915741.06 24409701.48 0
> 0.0048 1665496456
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-
> 839206098.5 1000 6.848115406 7.695214014 14.5
>4332942 992.304786
Remic 2 A-
> 839206098.5 1000 6.848115401 7.69521402 14.5
>4332942 992.304786
> Page 2 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC I & II
Certificate Payment Report for September 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 839206098.5 5746980.212
> 0 6457870.53 6457870.53 12204850.74 0
> 0 832748228
Remic 2 839206098.5 5746980.208
> 0 6457870.535 6457870.535 12204850.74 0
> 0.0048 832748228
Total 1678412197 11493960.42
> 0 12915741.06 12915741.06 24409701.48 0
> 0.0048 1665496456
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 0.081101137 839206098.5
>5746980.212 0 0 0 5746980.212 5746
>980.212 0
Remic 2 0.081101137 839206098.5
>5746980.208 0 0 0 5746980.208 5746
>980.212 0
Total 1678412197
>11493960.42 0 0 0 11493960.42 1149
>3960.42 0
> Page 3 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC III
Certificate Payment Report for September 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)
A-1 541475000
> 541475000 943068.96 4498274.11 5441343.07 0
> 0 536976725.9
A-2 134085000
> 134085000 238000.88 1959596.9 2197597.78 0
> 0 132125403.1
M-1 58745000
> 58745000 123364.5 0 123364.5 0
> 0 58745000
M-2 44058000
> 44058000 114183.65 0 114183.65 0
> 0 44058000
M-3 37764000
> 37764000 118327.2 0 118327.2 0
> 0 37764000
M-4-I 8392000
> 8392000 28043.27 0 28043.27 0
> 0 8392000
CE-I 14686998.52
>14686998.52 4106725.102 0 4106725.102 0
> 0.48 14686999
P-I 100
> 100 75266.17 0 75266.17 0
> 0 100
R 0
> 0 0 0 0 0
> 0 0
Total 839206098.5
>839206098.5 5746979.732 6457871.01 12204850.74 0
> 0.48 832748228
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)
A-1 37494 37523 A-Act/360 0307
>2SCZ6 541475000 1000 1.74166667 8.307445607 10.0
>4911228 991.6925544
A-2 37494 37523 A-Act/360 0307
>2SDA0 134085000 1000 1.775000037 14.61458702 16.3
>8958705 985.385413
M-1 37494 37523 A-Act/360 0307
>2SDB8 58745000 1000 2.1 0
> 2.1 1000
M-2 37494 37523 A-Act/360 0307
>2SDC6 44058000 1000 2.591666667 0 2.59
>1666667 1000
M-3 37494 37523 A-Act/360 0307
>2SDD4 37764000 1000 3.133333333 0 3.13
>3333333 1000
M-4-I A-Act/360
> 8392000 1000 3.341667064 0 3.34
>1667064 1000
CE-I A-30/360
> 14686998.52 1000 279.6163625 0 279.
>6163625 1000.000033
P-I A-
> 100 1000 752661.7 0 7
>52661.7 1000
R A-
> 0 0 0 0
> 0 0
> Page 4 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC III
Certificate Payment Report for September 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)
A-1 541475000 943068.96
> 4097849.69 400424.42 4498274.11 5441343.07 0
> 0 536976725.9
A-2 134085000 238000.88
> 1785158.78 174438.12 1959596.9 2197597.78 0
> 0 132125403.1
M-1 58745000 123364.5
> 0 0 0 123364.5 0
> 0 58745000
M-2 44058000 114183.65
> 0 0 0 114183.65 0
> 0 44058000
M-3 37764000 118327.2
> 0 0 0 118327.2 0
> 0 37764000
M-4-I 8392000 28043.27
> 0 0 0 28043.27 0
> 0 8392000
CE-I 14686998.52 4106725.102
> 0 0 0 4106725.102 0
> 0.48 14686999
P-I 100 75266.17
> 0 0 0 75266.17 0
> 0 100
R 0 0
> 0 0 0 0 0
> 0 0
Total 839206098.5 5746979.732
> 5883008.47 574862.54 6457871.01 12204850.74 0
> 0.48 832748228
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)
A-1 0.0209 541475000
> 943068.96 0 0 0 943068.96 94
>3068.96 0
A-2 0.0213 134085000
> 238000.88 0 0 0 238000.88 23
>8000.88 0
M-1 0.0252 58745000
> 123364.5 0 0 0 123364.5 1
>23364.5 0
M-2 0.0311 44058000
> 114183.65 0 0 0 114183.65 11
>4183.65 0
M-3 0.0376 37764000
> 118327.2 0 0 0 118327.2 1
>18327.2 0
M-4-I 0.0401 8392000
> 28043.27 0 0 0 28043.27 2
>8043.27 0
CE-I 14686998.52
>4106725.102 0 0 0 4106725.102 4106
>725.582 0
P-I 100
> 75266.17 0 0 0 75266.17 7
>5266.17 0
R 0
> 0 0 0 0 0
> 0 0
Total 839206098.5
>5746979.732 0 0 0 5746979.732 5746
>980.212 0
> Page 5 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC IV
Certificate Payment Report for September 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)
M-4 8392000
> 8392000 28043.27 0 28043.27 0
> 0 8392000
R-4 0
> 0 0 0 0 0
> 0 0
Total 8392000
> 8392000 28043.27 0 28043.27 0
> 0 8392000
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)
M-4 37494 37523 A-Act/360 0307
>2SDE2 8392000 1000 3.341667064 0 3.34
>1667064 1000
R-4 A-
> 0 0 0 0
> 0 0
> Page 6 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC IV
Certificate Payment Report for September 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)
M-4 8392000 28043.27
> 0 0 0 28043.27 0
> 0 8392000
R-4 0 0
> 0 0 0 0 0
> 0 0
Total 8392000 28043.27
> 0 0 0 28043.27 0
> 0 8392000
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)
M-4 0.0401 8392000
> 28043.27 0 0 0 28043.27 2
>8043.27 0
R-4 0
> 0 0 0 0 0
> 0 0
Total 8392000
> 28043.27 0 0 0 28043.27 2
>8043.27 0
> Page 7 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC V
Certificate Payment Report for September 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)
CE 14686998.52
>14686998.52 4106725.102 0 4106725.102 0
> 0.48 14686999
R-5 0
> 0 0 0 0 0
> 0 0
Total 14686998.52
>14686998.52 4106725.102 0 4106725.102 0
> 0.48 14686999
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)
CE A-30/360
> 14686998.52 1000 279.6163625 0 279.
>6163625 1000.000033
R-5 A-
> 0 0 0 0
> 0 0
> Page 8 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC V
Certificate Payment Report for September 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)
CE 14686998.52 4106725.102
> 0 0 0 4106725.102 0
> 0.48 14686999
R-5 0 0
> 0 0 0 0 0
> 0 0
Total 14686998.52 4106725.102
> 0 0 0 4106725.102 0
> 0.48 14686999
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)
CE 14686998.52
>4106725.102 0 0 0 4106725.102 4106
>725.582 0
R-5 0
> 0 0 0 0 0
> 0 0
Total 14686998.52
>4106725.102 0 0 0 4106725.102 4106
>725.582 0
> Page 9 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC VI
Certificate Payment Report for September 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)
P 100
> 100 75266.17 0 75266.17 0
> 0 100
R-6 0
> 0 0 0 0 0
> 0 0
R-X 0
> 0 0 0 0 0
> 0 0
Total 100
> 100 75266.17 0 75266.17 0
> 0 100
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)
P A-
> 100 1000 752661.7 0 7
>52661.7 1000
R-6 A-
> 0 0 0 0
> 0 0
R-X A-
> 0 0 0 0
> 0 0
> Page 10 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC VI
Certificate Payment Report for September 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)
P 100 75266.17
> 0 0 0 75266.17 0
> 0 100
R-6 0 0
> 0 0 0 0 0
> 0 0
R-X 0 0
> 0 0 0 0 0
> 0 0
Total 100 75266.17
> 0 0 0 75266.17 0
> 0 100
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)
P 100
> 75266.17 0 0 0 75266.17 7
>5266.17 0
R-6 0
> 0 0 0 0 0
> 0 0
R-X 0
> 0 0 0 0 0
> 0 0
Total 100
> 75266.17 0 0 0 75266.17 7
>5266.17 0
> Page 11 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collection Account Report for September 25, 2002 Distribution
Collection Account Report
SUMMARY
> GROUP 2 GROUP 1 TOTAL
Principal Collections
> 1,959,596.75 4,498,273.78 6,457,870.53
Principal Other Accounts
> 0.00 0.00 0.00
TOTAL NET PRINCIPAL
> 1,959,596.75 4,498,273.78 6,457,870.53
Interest Collections
> 1,092,072.97 4,694,031.29 5,786,104.26
Interest Withdrawals
> 0.00 0.00 0.00
Interest Other Accounts
> 0.00 0.00 75,266.17
Interest Fees
> (21,077.11) (93,313.11) (114,390.22)
TOTAL NET INTEREST
> 1,070,995.86 4,600,718.18 5,746,980.21
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION
> 3,030,592.61 9,098,991.96 12,204,850.74
PRINCIPAL - COLLECTIONS
> GROUP 2 GROUP 1 TOTAL
Scheduled Principal Received
> 119,739.20 455,122.86 574,862.06
Prepayments In Full
> 1,834,271.10 3,971,146.00 5,805,417.10
Curtailments
> 5,586.45 72,004.92 77,591.37
Liquidations
> 0.00 0.00 0.00
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 0.00 0.00
Delinquent Principal
> (58,836.29) (199,784.71) (258,621.00)
Advanced Principal
> 58,836.29 199,784.71 258,621.00
TOTAL PRINCIPAL COLLECTED
> 1,959,596.75 4,498,273.78 6,457,870.53
Page 12 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collection Account Report for September 25, 2002 Distribution
Collection Account Report
PRINCIPAL - WITHDRAWALS
> GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
> GROUP 2 GROUP 1 TOTAL
Unutilized Pre-Funding Amount
> 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL
> 0.00 0.00 0.00
INTEREST - COLLECTIONS
> GROUP 2 GROUP 1 TOTAL
Scheduled Interest
> 1,113,026.17 4,770,447.55 5,883,473.72
Liquidation Interest
> 0.00 0.00 0.00
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
> (2,300.77) (2,787.95) (5,088.72)
Compensating Interest
> 2,300.77 2,787.95 5,088.72
Delinquent Interest
> (566,766.77) (2,197,495.33) (2,764,262.10)
Interest Advanced
> 545,813.57 2,121,079.07 2,666,892.64
TOTAL INTEREST COLLECTED
> 1,092,072.97 4,694,031.29 5,786,104.26
Page 13 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collection Account Report for September 25, 2002 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 0.00
INTEREST - OTHER ACCOUNTS
> GROUP 2 GROUP 1 TOTAL
Prepayment Charges
> 0.00 0.00 75,266.17
Capitalized Interest Requirement
> 0.00 0.00 0.00
TOTAL INTEREST OTHER ACCOUNTS
> 0.00 0.00 75,266.17
INTEREST - FEES
> GROUP 2 GROUP 1 TOTAL
Current Servicing Fees
> 20,688.45 91,743.62 112,432.07
Trustee Fee
> 388.66 1,569.49 1,958.15
TOTAL INTEREST OTHER FEES
> 21,077.11 93,313.11 114,390.22
Page 14 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Credit Enhancement Report for September 25, 2002 Distribution
Credit Enhancement Report
ACCOUNTS
> GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
> GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
> GROUP 2 GROUP 1 TOTAL
Overcollateralized Amount
> 14,686,999.00
Overcollateralization Release Amount
> 0.00
Overcollateralization Deficiency Amount
> 0.48
Overcollateralization Target Amount
> 14,686,999.00
Excess Overcollateralization Amount
> 0.00
Net WAC Rate Carryover Reserve Account
> 1,000.00
Page 15 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collateral Report for September 25, 2002 Distribution
Collateral Report
COLLATERAL
> GROUP 2 GROUP 1 TOTAL
Loan Count:
Original
> 443 4434 4877
Prior
> 0 0 0
Prefunding
> 0 0 0
Scheduled Paid Offs
> 0 0 0
Full Voluntary Prepayments
> -4 -24 -28
Repurchases
> 0 0 0
Liquidations
> 0 0 0
Current
> 439 4410 4849
Principal Balance:
Original
> 166566598.9 672639499.6 839206098.5
Prior
> 0 0 0
Prefunding
> 0 0 0
Scheduled Principal
> -119739.2 -455122.86 -574862.06
Partial and Full Voluntary Prepayments
> -1839857.55 -4043150.92 -5883008.47
Repurchases
> 0 0 0
Liquidations
> 0 0 0
Current
> 164607002.2 668141225.8 832748228
PREFUNDING
> GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
Group 1
Group 2
Current Prin Balance by Groups (in millions of dollars) Tota
>l Current Principal Balance (in millions of dollars)
Page 16 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collateral Report for September 25, 2002 Distribution
Collateral Report
CHARACTERISTICS
> GROUP 2 GROUP 1 TOTAL
Weighted Average Coupon Original
> 0.080186029 0.085105574 0.084129137
Weighted Average Coupon Prior
Weighted Average Coupon Current
> 0.080186029 0.085105574 0.084129137
Weighted Average Months to Maturity Original
> 354 352 352.3953344
Weighted Average Months to Maturity Prior
> 0 0 0
Weighted Average Months to Maturity Current
> 354 352 352.3953344
Weighted Avg Remaining Amortization Term Original
> 353.7675167 351.9482573 352.3078652
Weighted Avg Remaining Amortization Term Prior
> 0 0 0
Weighted Avg Remaining Amortization Term Current
> 353.7675167 351.9482573 352.3078652
Weighted Average Seasoning Original
> 3.60998283 3.41609607 3.454421121
Weighted Average Seasoning Prior
> 0 0 0
Weighted Average Seasoning Current
> 3.60998283 3.41609607 3.454421121
Note: Original information refers to deal issue.
Group 1
Group 2
WAC by Groups Tota
>l WAC
WARAT by Groups Tota
>l WARAT
Note: Dates correspond to distribution dates.
Page 17 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collateral Report for September 25, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS
> GROUP 2 GROUP 1 TOTAL
Weighted Average Margin Original
> 0.04757239 0.0492081
Weighted Average Margin Prior
Weighted Average Margin Current
> 0.04757239 0.0492081
Weighted Average Max Rate Original
> 0.12438289 0.13080047
Weighted Average Max Rate Prior
Weighted Average Max Rate Current
> 0.12438289 0.13080047
Weighted Average Min Rate Original
> 0.08043587 0.08536341
Weighted Average Min Rate Prior
Weighted Average Min Rate Current
> 0.08043587 0.08536341
Weighted Average Cap Up Original
> 0.0073245 0.00757284
Weighted Average Cap Up Prior
Weighted Average Cap Up Current
> 0.0073245 0.00757284
Weighted Average Cap Down Original
> 0.0073245 0.00757284
Weighted Average Cap Down Prior
Weighted Average Cap Down Current
> 0.0073245 0.00757284
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES
> GROUP 2 GROUP 1 TOTAL
Current Servicing Fees
> 20,688.45 91,743.62 112,432.07
Delinquent Servicing Fees
> 20,953.20 76,416.26 97,369.46
TOTAL SERVICING FEES
> 41,641.65 168,159.88 209,801.53
Compensating Interest
> (2,300.77) (2,787.95) (5,088.72)
Delinquent Servicing Fees
> 20,953.20 (76,416.26) (55,463.06)
COLLECTED SERVICING FEES
> 60,294.08 88,955.67 149,249.75
Aggregate Advances with respect to this Distribution
> 604,649.86 2,320,863.78 2,925,513.64
Current Nonrecoverable Advances
> 0.00 0.00 0.00
Cumulative Nonrecoverable Advances
> 0.00 0.00 0.00
ADDITIONAL COLLATERAL INFORMATION
> GROUP 2 GROUP 1 TOTAL
Net Prepayment Interest Shortfall
> 0.00 0.00 0.00
Page 18 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Delinquency Report for September 25, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 4978054.71 48650.34 0 5026705.05
% Balance
>0.005977863 5.84214E-05 0 0.006036284
# Loans
> 31 1 0 32
% # Loans
>0.006393071 0.000206228 0 0.006599299
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 693866.37
> 0 0 0 693866.37
% Balance 0.000833225
> 0 0 0 0.000833225
# Loans 5
> 0 0 0 5
% # Loans 0.00103114
> 0 0 0 0.00103114
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 693866.37
> 4978054.71 48650.34 0 5720571.42
% Balance 0.000833225
>0.005977863 5.84214E-05 0 0.006869509
# Loans 5
> 31 1 0 37
% # Loans 0.00103114
>0.006393071 0.000206228 0 0.007630439
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 19 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Delinquency Report for September 25, 2002 Distribution
Delinquency Report - Group 1 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 3573297.99 48650.34 0 3621948.33
% Balance
>0.005348118 7.28145E-05 0 0.005420932
# Loans
> 27 1 0 28
% # Loans
>0.006122449 0.000226757 0 0.006349206
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 693866.37
> 0 0 0 693866.37
% Balance 0.001038503
> 0 0 0 0.001038503
# Loans 5
> 0 0 0 5
% # Loans 0.001133787
> 0 0 0 0.001133787
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 693866.37
> 3573297.99 48650.34 0 4315814.7
% Balance 0.001038503
>0.005348118 7.28145E-05 0 0.006459435
# Loans 5
> 27 1 0 33
% # Loans 0.001133787
>0.006122449 0.000226757 0 0.007482993
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 20 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Delinquency Report for September 25, 2002 Distribution
Delinquency Report - Group 2 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 1404756.72 0 0 1404756.72
% Balance
>0.008534003 0 0 0.008534003
# Loans
> 4 0 0 4
% # Loans
>0.009111617 0 0 0.009111617
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
> 1404756.72 0 0 1404756.72
% Balance 0
>0.008534003 0 0 0.008534003
# Loans 0
> 4 0 0 4
% # Loans 0
>0.009111617 0 0 0.009111617
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 21 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REO Report for September 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
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 22 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Foreclosure Report for September 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 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 23 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Report for September 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS
> GROUP 2 GROUP 1 TOTAL
Current
Number of Paid in Full Loans
> 4 24 28
Number of Repurchased Loans
> 0 0 0
Total Number of Loans Prepaid in Full
> 4 24 28
Paid in Full Balance
> 1834271.1 3971146 5805417.1
Repurchased Loans Balance
> 0 0 0
Curtailments Amount
> 5586.45 72004.92 77591.37
Total Prepayment Amount
> 1839857.55 4043150.92 5883008.47
Cumulative
Number of Paid in Full Loans
> 4 24 28
Number of Repurchased Loans
> 0 0 0
Total Number of Loans Prepaid in Full
> 4 24 28
Paid in Full Balance
> 1834271.1 3971146 5805417.1
Repurchased Loans Balance
> 0 0 0
Curtailments Amount
> 5586.45 72004.92 77591.37
Total Prepayment Amount
> 1839857.55 4043150.92 5883008.47
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars) Tota
>l Prepayments (in thousands of dollars)
Page 24 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Report for September 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES
> GROUP 2 GROUP 1 TOTAL
SMM
> 0.011053723 0.006014943 0.007015012
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off
> 0.011053723 0.006014943 0.007015012
CPR
> 0.124870355 0.069838704 0.081007023
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off
> 0.124870355 0.069838704 0.081007023
PSA
> 17.29514521 10.22200527 11.72512269
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
> 17.29514521 10.22200527 11.72512269
Group 1
Group 2
CPR by Groups Tota
>l CPR
PSA by Groups Tota
>l PSA
Page 25 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Report for September 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
Group 1
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 26 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Detail Report for September 25, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 28
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 5,814,300.00
> Loan Group 2 = Group 2 Group
Total Prepayment Amount = 5,805,417.10
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
34026765 1 242000 241286.33
> 37479 0.087MA - 71.00% Paid Off - 36 37302
34082438 1 348500 347177.45
> 37479 0.0745HI - 85.00% Paid Off - 36 37308
34891929 1 113750 113625.84
> 37505 0.1095NY - 65.00% Paid Off - 36 37368
35033232 1 137750 137429.51
> 37498 0.0875CA - 95.00% Paid Off - 36 37358
35167188 1 300000 299161.78
> 37484 0.0785NY - 88.20% Paid Off - 36 37345
35276096 1 111000 110677.16
> 37484 0.0765CO - 76.60% Paid Off - 36 37341
35361278 1 104000 103807.68
> 37494 0.0845WA - 79.40% Paid Off - 36 37376
35582071 1 71500 71465.59
> 37479 0.128MI - 65.00% Paid Off - 36 37390
35718949 1 112500 112329.11
> 37479 0.094CO - 90.00% Paid Off - 36 37361
35726652 1 80000 79895.18
> 37483 0.101TX - 64.00% Paid Off - 36 37376
35823863 1 110250 110146.7
> 37479 0.0975ID - 75.00% Paid Off - 36 37399
35829399 1 127500 127343.31
> 37504 0.104MN - 73.70% Paid Off - 36 37375
35850353 1 247200 246973.25
> 37487 0.0985AK - 80.00% Paid Off - 36 37407
35858588 1 138000 137774.51
> 37479 0.0905UT - 83.60% Paid Off - 36 37372
35893452 1 63000 62911.11
> 37488 0.0975OH - 87.50% Paid Off - 36 37375
36020659 1 203000 202767.97
> 37498 0.088NY - 70.00% Paid Off - 36 37383
36066330 1 100350 100236.46
> 37505 0.0885CT - 90.00% Paid Off - 36 37389
36080984 1 300000 299697.4
> 37505 0.094NY - 75.00% Paid Off - 36 37390
36106672 1 200000 199814.59
> 37498 0.098MA - 50.00% Paid Off - 36 37389
36221968 1 166500 166326.69
> 37509 0.0925TX - 90.00% Paid Off - 36 37407
36320349 1 152000 151782.57
> 37497 0.077CA - 79.60% Paid Off - 36 37404
36329068 1 256000 255675.72
> 37495 0.083NY - 80.00% Paid Off - 36 37398
36492528 1 53000 52979.61
> 37479 0.1065TX - 54.80% Paid Off - 36 37426
35315456 2 400000 399318.74
> 37505 0.0885MA - 56.30% Paid Off - 36 37361
35412915 2 458000 457744.56
> 37479 0.089CA - 80.00% Paid Off - 36 37437
35901917 2 328500 327577.92
> 37502 0.0635CA - 90.00% Paid Off - 36 37376
36571859 2 650000 649629.88
> 37484 0.088MN - 73.90% Paid Off - 36 37425
36807170 1 240000 239860.48
> 37500 0.087CA - 58.50% Repur/Subs - 37426
Page
> 27 of 32 (c) COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Report for September 25, 2002 Distribution
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES
> GROUP 2 GROUP 1 TOTAL
Current
Number of Loans Liquidated
> 0 0 0
Collateral Realized Loss/(Gain) Amount
> 0 0 0
Net Liquidation Proceeds
> 0 0 0
Cumulative
Number of Loans Liquidated
> 0 0 0
Collateral Realized Loss/(Gain) Amount
> 0 0 0
Net Liquidation Proceeds
> 0 0 0
Note: Collateral realized losses may include adjustments to loan
>s liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
Group 1
> 3 Months Moving Average
Group 2
Collateral Loss Severity Approximation by Groups Coll
>ateral Loss Severity Approximation
Page 28 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Report for September 25, 2002 Distribution
Realized Loss Report - Collateral
DEFAULT SPEEDS
> GROUP 2 GROUP 1 TOTAL
MDR
> 0 0 0
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off
> 0 0 0
CDR
> 0 0 0
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off
> 0 0 0
SDA
> 0 0 0
3 Months Avg SDA Approximation
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation
> 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 2
CDR by Groups Tota
>l CDR
SDA by Groups Tota
>l SDA
Page 29 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Report for September 25, 2002 Distribution
Realized Loss Report - Collateral
Group 1
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 30 of 32
> (c) COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Detail Report for September 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
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
> 31 of 32 (c) COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for September
> 25, 2002 Distribution
Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS
> GROUP 2 GROUP 1 TOTAL
Trigger Event in effect
> No
Stepdown Date has occurred
> No
Balances 60+ days
> 742,516.71
Beginning Balance
> 832,748,227.99
Delinquency Percentage
> 0.09%
Balance of Mezzanine and C Class
> 163,645,998.52
Ending Balance
> 832,748,227.99
Credit Enhancement Percentage
> 19.65%
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
> 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 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
Libor for Current Period
> 1.81%
Current Period loan level losses
> 0.00
Current Recoveries or Losses from Prior periods
> 0.00
Total Current Losses
> 0.00
Page 32 of 32
> (c) COPYRIGHT 2002 Deutsche Bank