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): November 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
November 25, 2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
>
behalf by the undersigned, hereunto duly authorized.
Deutsche Bank National Trust Company,
not in its individual capacity, but solely
as a duly authorized agent of the Registrant
>
pursuant to the Pooling and Servicing
Agreement, dated as of August 1, 2002.
Date: Dec 12, 2002 By: /s/ Katie Wannenmacher
Katie Wannenmacher
Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of November 25, 2002.
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
November 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 29
12. Realized Loss Detai
>l Report 32
13. Triggers, Adj. Rate
> Cert. and Miscellaneous Report 33
Total Number of Pag
>es 33
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: November 25,
> 2002
Underwriter(s): Smith Barney Mortgage Corp. U
>nderwriter Record Date: November 2
>2, 2002
> Oc
>tober 31, 2002
> Page 1 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC I & II
Certificate Payment Report for November 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
>822878817.9 5767337.039 10887498.62 16654835.66 0
> 0 811991319.3
Remic 2 839206098.5
>822878817.9 5767337.039 10887498.62 16654835.66 0
> 0 811991319.3
Total 1678412197
> 1645757636 11534674.08 21774997.24 33309671.32 0
> 0 1623982639
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-
> 839206098.5 980.5443732 6.87237265 12.97356947 19.8
>4594212 967.5708037
Remic 2 A-
> 839206098.5 980.5443732 6.87237265 12.97356947 19.8
>4594212 967.5708037
> Page 2 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC I & II
Certificate Payment Report for November 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 17367273.38
> 0 27214779.27 27214779.27 44582052.65 0
> 0 811991319.3
Remic 2 839206098.5 17367273.38
> 0 27214779.27 27214779.27 44582052.65 0
> 0.0048 811991319.3
Total 1678412197 34734546.76
> 0 54429558.54 54429558.54 89164105.31 0
> 0.0048 1623982639
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 822878817.9
>5767337.039 0 0 0 5767337.039 5767
>337.039 0
Remic 2 0.081043222 822878817.9
>5767337.039 0 0 0 5767337.039 5767
>337.039 0
Total 1645757636
>11534674.08 0 0 0 11534674.08 1153
>4674.08 0
> Page 3 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC III
Certificate Payment Report for November 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
>529390990.6 961874.02 8485058.73 9446932.75 0
> 0 520905931.9
A-2 134085000
>129841728.2 240387.53 2402439.89 2642827.42 0
> 0 127439288.3
M-1 58745000
> 58745000 128488.37 0 128488.37 0
> 0 58745000
M-2 44058000
> 44058000 118748.55 0 118748.55 0
> 0 44058000
M-3 37764000
> 37764000 122921.82 0 122921.82 0
> 0 37764000
M-4-I 8392000
> 8392000 29122.57 0 29122.57 0
> 0 8392000
CE-I 14686998.52
> 14686999 3955853.029 0 3955853.029 0
> 0 14686999
P-I 100
> 100 209941.15 0 209941.15 0
> 0 100
R 0
> 0 0 0 0 0
> 0 0
Total 839206098.5
>822878817.9 5767337.039 10887498.62 16654835.66 0
> 0 811991319.3
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)
A-1 37554 37584 A-Act/360 0307
>2SCZ6 541475000 977.6831629 1.776395992 15.67026867 17.4
>4666467 962.0128942
A-2 37554 37584 A-Act/360 0307
>2SDA0 134085000 968.3538668 1.792799567 17.91729045 19.7
>1009002 950.4365764
M-1 37554 37584 A-Act/360 0307
>2SDB8 58745000 1000 2.187222232 0 2.18
>7222232 1000
M-2 37554 37584 A-Act/360 0307
>2SDC6 44058000 1000 2.695277816 0 2.69
>5277816 1000
M-3 37554 37584 A-Act/360 0307
>2SDD4 37764000 1000 3.255 0
> 3.255 1000
M-4-I A-Act/360
> 8392000 1000 3.470277645 0 3.47
>0277645 1000
CE-I A-30/360
> 14686998.52 1000.000033 269.3438706 0 269.
>3438706 1000.000033
P-I A-
> 100 1000 2099411.5 0 20
>99411.5 1000
R A-
> 0 0 0 0
> 0 0
> Page 4 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC III
Certificate Payment Report for November 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 2841855.5
> 19283064.4 1286003.69 20569068.09 23410923.59 0
> 0 520905931.9
A-2 134085000 713323.89
> 6212638.61 433073.05 6645711.66 7359035.55 0
> 0 127439288.3
M-1 58745000 375400.95
> 0 0 0 375400.95 0
> 0 58745000
M-2 44058000 347253.53
> 0 0 0 347253.53 0
> 0 44058000
M-3 37764000 359694.23
> 0 0 0 359694.23 0
> 0 37764000
M-4-I 8392000 85235.33
> 0 0 0 85235.33 0
> 0 8392000
CE-I 14686998.52 12132705.49
> 0 0 0 12132705.49 0
> 0.48 14686999
P-I 100 511803.98
> 0 0 0 511803.98 0
> 0 100
R 0 0
> 0 0 0 0 0
> 0 0
Total 839206098.5 17367272.9
>25495703.01 1719076.74 27214779.75 44582052.65 0
> 0.48 811991319.3
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)
A-1 0.0211 529390990.6
> 961874.02 0 0 0 961874.02 96
>1874.02 0
A-2 0.0215 129841728.2
> 240387.53 0 0 0 240387.53 24
>0387.53 0
M-1 0.0254 58745000
> 128488.37 0 0 0 128488.37 12
>8488.37 0
M-2 0.0313 44058000
> 118748.55 0 0 0 118748.55 11
>8748.55 0
M-3 0.0378 37764000
> 122921.82 0 0 0 122921.82 12
>2921.82 0
M-4-I 0.0403 8392000
> 29122.57 0 0 0 29122.57 2
>9122.57 0
CE-I 14686999
>3955853.029 0 0 0 3955853.029 3955
>853.029 0
P-I 100
> 209941.15 0 0 0 209941.15 20
>9941.15 0
R 0
> 0 0 0 0 0
> 0 0
Total 822878817.9
>5767337.039 0 0 0 5767337.039 5767
>337.039 0
> Page 5 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC IV
Certificate Payment Report for November 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 29122.57 0 29122.57 0
> 0 8392000
R-4 0
> 0 0 0 0 0
> 0 0
Total 8392000
> 8392000 29122.57 0 29122.57 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 37554 37584 A-Act/360 0307
>2SDE2 8392000 1000 3.470277645 0 3.47
>0277645 1000
R-4 A-
> 0 0 0 0
> 0 0
> Page 6 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC IV
Certificate Payment Report for November 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 85235.33
> 0 0 0 85235.33 0
> 0 8392000
R-4 0 0
> 0 0 0 0 0
> 0 0
Total 8392000 85235.33
> 0 0 0 85235.33 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 0.0403 8392000
> 29122.57 0 0 0 29122.57 2
>9122.57 0
R-4 0
> 0 0 0 0 0
> 0 0
Total 8392000
> 29122.57 0 0 0 29122.57 2
>9122.57 0
> Page 7 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC V
Certificate Payment Report for November 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
> 14686999 3955853.029 0 3955853.029 0
> 0 14686999
R-5 0
> 0 0 0 0 0
> 0 0
Total 14686998.52
> 14686999 3955853.029 0 3955853.029 0
> 0 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 37530 37560 A-30/360
> 14686998.52 1000.000033 269.3438706 0 269.
>3438706 1000.000033
R-5 A-
> 0 0 0 0
> 0 0
> Page 8 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC V
Certificate Payment Report for November 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 12132705.49
> 0 0 0 12132705.49 0
> 0.48 14686999
R-5 0 0
> 0 0 0 0 0
> 0 0
Total 14686998.52 12132705.49
> 0 0 0 12132705.49 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 14686999
>3955853.029 0 0 0 3955853.029 3955
>853.029 0
R-5 0
> 0 0 0 0 0
> 0 0
Total 14686999
>3955853.029 0 0 0 3955853.029 3955
>853.029 0
> Page 9 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC VI
Certificate Payment Report for November 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 209941.15 0 209941.15 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 209941.15 0 209941.15 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 2099411.5 0 20
>99411.5 1000
R-6 A-
> 0 0 0 0
> 0 0
R-X A-
> 0 0 0 0
> 0 0
> Page 10 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REMIC VI
Certificate Payment Report for November 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 511803.98
> 0 0 0 511803.98 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 511803.98
> 0 0 0 511803.98 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
> 209941.15 0 0 0 209941.15 20
>9941.15 0
R-6 0
> 0 0 0 0 0
> 0 0
R-X 0.081043222 0
> 0 0 0 0 0
> 0 0
Total 100
> 209941.15 0 0 0 209941.15 20
>9941.15 0
> Page 11 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collection Account Report for November 25, 2002 Distribution
Collection Account Report
SUMMARY
> GROUP 2 GROUP 1 TOTAL
Principal Collections
> 2,402,439.89 8,485,058.73 10,887,498.62
Principal Other Accounts
> 0.00 0.00 0.00
TOTAL NET PRINCIPAL
> 2,402,439.89 8,485,058.73 10,887,498.62
Interest Collections
> 1,057,647.36 4,586,247.85 5,643,895.21
Interest Withdrawals
> 0.00 0.00 0.00
Interest Other Accounts
> 0.00 0.00 209,941.15
Interest Fees
> (15,795.70) (70,703.62) (86,499.32)
TOTAL NET INTEREST
> 1,041,851.66 4,515,544.23 5,767,337.04
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION
> 3,444,291.55 13,000,602.96 16,654,835.66
PRINCIPAL - COLLECTIONS
> GROUP 2 GROUP 1 TOTAL
Scheduled Principal Received
> 118,527.57 452,261.52 570,789.09
Prepayments In Full
> 1,848,423.45 7,690,933.16 9,539,356.61
Curtailments
> 4,355.77 27,093.09 31,448.86
Liquidations
> 0.00 0.00 0.00
Insurance Principal
> 0.00 0.00 0.00
Repurchased Principal Amounts
> 0.00 314,770.96 314,770.96
Other Principal
> 0.00 0.00 0.00
Total Realized Loss Of Principal
> 0.00 0.00 0.00
Delinquent Principal
> (72,763.62) (258,282.47) (331,046.09)
Advanced Principal
> 72,763.62 258,282.47 331,046.09
TOTAL PRINCIPAL COLLECTED
> 2,402,439.89 8,485,058.73 10,887,498.62
Page 12 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collection Account Report for November 25, 2002 Distribution
Collection Account Report
PRINCIPAL - WITHDRAWALS
> GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
> GROUP 2 GROUP 1 TOTAL
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
> 1,080,368.16 4,680,360.37 5,760,728.53
Liquidation Interest
> 2,443.09 0.00 2,443.09
Repurchased Interest
> 0.00 1,864.04 1,864.04
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
> (178.42) (7,208.01) (7,386.43)
Compensating Interest
> 178.42 7,208.01 7,386.43
Delinquent Interest
> (676,239.14) (2,757,445.52) (3,433,684.66)
Interest Advanced
> 651,075.25 2,661,468.96 3,312,544.21
TOTAL INTEREST COLLECTED
> 1,057,647.36 4,586,247.85 5,643,895.21
Page 13 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collection Account Report for November 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
INTEREST - OTHER ACCOUNTS
> GROUP 2 GROUP 1 TOTAL
Prepayment Charges
> 209,941.15
Capitalized Interest Requirement
> 0.00
TOTAL INTEREST OTHER ACCOUNTS
> 209,941.15
INTEREST - FEES
> GROUP 2 GROUP 1 TOTAL
Current Servicing Fees
> 15,416.95 69,162.32 84,579.27
Trustee Fee
> 378.75 1,541.30 1,920.05
TOTAL INTEREST OTHER FEES
> 15,795.70 70,703.62 86,499.32
Page 14 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Credit Enhancement Report for November 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
> 0.00
Overcollateralization Target Amount
> 14,686,999.00
Excess Overcollateralization Amount
> 0.00
Net WAC Rate Carryover Reserve Account
> 1,000.00
Page 15 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collateral Report for November 25, 2002 Distribution
Collateral Report
COLLATERAL
> GROUP 2 GROUP 1 TOTAL
Loan Count:
Original
> 443 4434 4877
Prior
> 434 4369 4803
Prefunding
> 0 0 0
Scheduled Paid Offs
> 0 0 0
Full Voluntary Prepayments
> -5 -45 -50
Repurchases
> -1 -2 -3
Liquidations
> 0 0 0
Current
> 428 4322 4750
Principal Balance:
Original
> 166566598.9 672639499.6 839206098.5
Prior
> 162323327.3 660555490.6 822878817.9
Prefunding
> 0 0 0
Scheduled Principal
> -118527.57 -452261.52 -570789.09
Partial and Full Voluntary Prepayments
> -1852779.22 -7718026.25 -9570805.47
Repurchases
> -431133.1 -314770.96 -745904.06
Liquidations
> 0 0 0
Current
> 159920887.4 652070431.9 811991319.3
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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collateral Report for November 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
> 0.08014516 0.085079948 0.084104502
Weighted Average Coupon Current
> 0.080048476 0.085059762 0.084071222
Weighted Average Months to Maturity Original
> 354 352 352.3953344
Weighted Average Months to Maturity Prior
> 353 351 351.3945255
Weighted Average Months to Maturity Current
> 352 350 350.393898
Weighted Avg Remaining Amortization Term Original
> 353.7675167 351.9482573 352.3078652
Weighted Avg Remaining Amortization Term Prior
> 352.7359403 350.9216417 351.2795352
Weighted Avg Remaining Amortization Term Current
> 351.6927545 349.9100661 350.2611648
Weighted Average Seasoning Original
> 3.60998283 3.41609607 3.454421121
Weighted Average Seasoning Prior
> 4.60195109 4.41403654 4.451105078
Weighted Average Seasoning Current
> 5.5958251 5.41478837 5.450443375
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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Collateral Report for November 25, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS
> GROUP 2 GROUP 1 TOTAL
Weighted Average Margin Original
> 0.04757239 0.0492081
Weighted Average Margin Prior
> 0.04738025 0.04917026
Weighted Average Margin Current
> 0.04727969 0.04912869
Weighted Average Max Rate Original
> 0.12438289 0.13080047
Weighted Average Max Rate Prior
> 0.12416562 0.13074004
Weighted Average Max Rate Current
> 0.12397818 0.13068342
Weighted Average Min Rate Original
> 0.08043587 0.08536341
Weighted Average Min Rate Prior
> 0.08039558 0.08533783
Weighted Average Min Rate Current
> 0.08030048 0.08531862
Weighted Average Cap Up Original
> 0.0073245 0.00757284
Weighted Average Cap Up Prior
> 0.00729501 0.00756704
Weighted Average Cap Up Current
> 0.00727962 0.0075608
Weighted Average Cap Down Original
> 0.0073245 0.00757284
Weighted Average Cap Down Prior
> 0.00729501 0.00756704
Weighted Average Cap Down Current
> 0.00727962 0.0075608
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES
> GROUP 2 GROUP 1 TOTAL
Current Servicing Fees
> 15,416.95 69,162.32 84,579.27
Delinquent Servicing Fees
> 25,163.88 95,976.55 121,140.43
TOTAL SERVICING FEES
> 40,580.83 165,138.87 205,719.70
Compensating Interest
> (178.42) (7,208.01) (7,386.43)
Delinquent Servicing Fees
> 25,163.88 (95,976.55) (70,812.67)
COLLECTED SERVICING FEES
> 65,566.29 61,954.31 127,520.60
Aggregate Advances with respect to this Distribution
> 723,838.87 2,919,751.43 3,643,590.30
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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Delinquency Report for November 25, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 6751196.6 5348885.12 2076498.01 14176579.73
% Balance
> 0.00831437 0.006587367 0.002557291 0.017459029
# Loans
> 48 34 16 98
% # Loans
>0.010105263 0.007157895 0.003368421 0.020631579
FORECLOSURE Balance 0
> 0 0 48609.25 48609.25
% Balance 0
> 0 0 5.98642E-05 5.98642E-05
# Loans 0
> 0 0 1 1
% # Loans 0
> 0 0 0.000210526 0.000210526
BANKRUPTCY Balance 257815.42
> 0 118891.65 0 376707.07
% Balance 0.00031751
> 0 0.00014642 0 0.00046393
# Loans 3
> 0 1 0 4
% # Loans 0.000631579
> 0 0.000210526 0 0.000842105
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 257815.42
> 6751196.6 5467776.77 2125107.26 14601896.05
% Balance 0.00031751
> 0.00831437 0.006733787 0.002617155 0.017982823
# Loans 3
> 48 35 17 103
% # Loans 0.000631579
>0.010105263 0.007368421 0.003578947 0.021684211
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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Delinquency Report for November 25, 2002 Distribution
Delinquency Report - Group 1 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 6070490.5 4894571.51 2076498.01 13041560.02
% Balance
>0.009309563 0.007506201 0.003184469 0.020000232
# Loans
> 46 33 16 95
% # Loans
>0.010643221 0.007635354 0.00370199 0.021980565
FORECLOSURE Balance 0
> 0 0 48609.25 48609.25
% Balance 0
> 0 0 7.4546E-05 7.4546E-05
# Loans 0
> 0 0 1 1
% # Loans 0
> 0 0 0.000231374 0.000231374
BANKRUPTCY Balance 257815.42
> 0 118891.65 0 376707.07
% Balance 0.00039538
> 0 0.000182329 0 0.000577709
# Loans 3
> 0 1 0 4
% # Loans 0.000694123
> 0 0.000231374 0 0.000925497
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 257815.42
> 6070490.5 5013463.16 2125107.26 13466876.34
% Balance 0.00039538
>0.009309563 0.00768853 0.003259015 0.020652487
# Loans 3
> 46 34 17 100
% # Loans 0.000694123
>0.010643221 0.007866728 0.003933364 0.023137436
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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Delinquency Report for November 25, 2002 Distribution
Delinquency Report - Group 2 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 680706.1 454313.61 0 1135019.71
% Balance
>0.004256518 0.002840865 0 0.007097383
# Loans
> 2 1 0 3
% # Loans
>0.004672897 0.002336449 0 0.007009346
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
> 680706.1 454313.61 0 1135019.71
% Balance 0
>0.004256518 0.002840865 0 0.007097383
# Loans 0
> 2 1 0 3
% # Loans 0
>0.004672897 0.002336449 0 0.007009346
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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
REO Report for November 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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Foreclosure Report for November 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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Report for November 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS
> GROUP 2 GROUP 1 TOTAL
Current
Number of Paid in Full Loans
> 5 45 50
Number of Repurchased Loans
> 1 2 3
Total Number of Loans Prepaid in Full
> 6 47 53
Paid in Full Balance
> 1848423.45 7690933.16 9539356.61
Repurchased Loans Balance
> 431133.1 314770.96 745904.06
Curtailments Amount
> 4355.77 27093.09 31448.86
Total Prepayment Amount
> 2283912.32 8032797.21 10316709.53
Cumulative
Number of Paid in Full Loans
> 14 110 124
Number of Repurchased Loans
> 1 2 3
Total Number of Loans Prepaid in Full
> 15 112 127
Paid in Full Balance
> 5842093.95 18756738.84 24598832.79
Repurchased Loans Balance
> 431133.1 314770.96 745904.06
Curtailments Amount
> 14995.08 135971.08 150966.16
Total Prepayment Amount
> 6288222.13 19207480.88 25495703.01
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars) Tota
>l Prepayments (in thousands of dollars)
Page 24 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Report for November 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES
> GROUP 2 GROUP 1 TOTAL
SMM
> 0.014080424 0.012169002 0.01254604
3 Months Avg SMM
> 0.012765109 0.009625099 0.010246712
12 Months Avg SMM
Avg SMM Since Cut-off
> 0.012765109 0.009625099 0.010246712
CPR
> 0.156475153 0.136640238 0.140586307
3 Months Avg CPR
> 0.142871469 0.109578768 0.116262185
12 Months Avg CPR
Avg CPR Since Cut-off
> 0.142871469 0.109578768 0.116262185
PSA
> 13.98141924 12.61732023 12.89677714
3 Months Avg PSA Approximation
> 15.52078101 12.4099005 13.05732812
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
> 15.52078101 12.4099005 13.05732812
Group 1
Group 2
CPR by Groups Tota
>l CPR
PSA by Groups Tota
>l PSA
Page 25 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Report for November 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
Group 1
Group 2
CPR Avg since Cut-Off by Groups 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,W
>ASm)/(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 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Detail Report for November 25, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 53
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 10,318,225.00
> Loan Group 2 = Group 2 Group
Total Prepayment Amount = 10,285,260.67
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
33776659 1 207100 205240.94
> 37558 0.0774NY - 95.00% Paid Off - 36 37288
34329391 1 272000 270752.94
> 37543 0.086CA - 85.00% Paid Off - 36 37308
34523829 1 50400 50160.77
> 37559 0.0805AZ - 80.00% Paid Off - 36 37316
34918847 1 130000 129727.27
> 37552 0.0925CA - 61.60% Paid Off - 36 37397
34967281 1 220000 218596.21
> 37559 0.07CA - 89.80% Paid Off - 36 37340
35082718 1 80500 80343.05
> 37566 0.096TX - 70.00% Paid Off - 36 37379
35165927 1 216000 215124.61
> 37543 0.0805CA - 90.00% Paid Off - 36 37337
35204585 1 221000 220037.1
> 37561 0.0799CA - 38.80% Paid Off - 36 37343
35327147 1 279000 277972.31
> 37561 0.076CA - 90.00% Paid Off - 36 37361
35340751 1 120000 119693.79
> 37547 0.094MI - 71.60% Paid Off - 36 37362
35347905 1 135000 134597.76
> 37558 0.0865CA - 74.20% Paid Off - 36 37356
35348317 1 106200 105794.87
> 37540 0.0835CA - 90.00% Paid Off - 36 37351
35423318 1 229500 228750.58
> 37543 0.082NY - 85.00% Paid Off - 36 37358
35441682 1 112700 112607.56
> 37567 0.1225NJ - 70.00% Paid Off - 36 37418
35453059 1 171000 170417.41
> 37546 0.0799CA - 90.00% Paid Off - 36 37354
35478627 1 161500 161003.82
> 37544 0.085CA - 85.00% Paid Off - 36 37363
35524115 1 185400 184990.3
> 37554 0.09CA - 90.00% Paid Off - 36 37390
35663483 1 230000 229507.36
> 37551 0.0915MA - 46.90% Paid Off - 36 37400
35768324 1 218875 218123.29
> 37558 0.0795CA - 85.00% Paid Off - 36 37371
35775956 1 243750 243060.1
> 37565 0.089CA - 75.00% Paid Off - 36 37376
35854843 1 81000 80845.34
> 37558 0.097RI - 90.00% Paid Off - 36 37390
35896869 1 232000 231101.32
> 37545 0.075CA - 69.30% Paid Off - 36 37386
35899905 1 165600 165083.67
> 37558 0.073MN - 80.00% Paid Off - 36 37379
35936863 1 127800 127514.64
> 37558 0.0895MO - 90.00% Paid Off - 36 37389
36081164 1 200000 199784.08
> 37545 0.11CA - 74.10% Paid Off - 36 37418
36124816 1 216000 215390.37
> 37561 0.078NY - 77.10% Paid Off - 36 37398
36151710 1 57000 56732.12
> 37551 0.087MI - 71.30% Paid Off - 24 37412
36191179 1 182750 182202.31
> 37550 0.075CA - 85.00% Paid Off - 36 37398
36207876 1 288000 286767.1
> 37566 0.0775NY - 80.00% Paid Off - 36 37400
36276194 1 142000 141676.33
> 37558 0.0885MI - 61.70% Paid Off - 36 37406
36298040 1 276250 275739.04
> 37545 0.0985CA - 85.00% Paid Off - 36 37398
36299295 1 127200 126817.4
> 37539 0.1MN - 80.00% Paid Off - 36 37405
36325769 1 145000 144590.57
> 37545 0.078WA - 78.40% Paid Off - 36 37400
36390052 1 56000 55869.67
> 37566 0.0875TX - 80.00% Paid Off - 36 37406
36406148 1 126000 125715.73
> 37560 0.089CA - 90.00% Paid Off - 36 37411
36483162 1 168000 167032.69
> 37557 0.0705CA - 80.00% Paid Off - 24 37425
36514867 1 208000 207678.86
> 37564 0.099NY - 80.00% Paid Off - 36 37414
36666857 1 157250 156930.7
> 37545 0.0799WA - 85.00% Paid Off - 36 37414
36676393 1 170000 169872.46
> 37561 0.1265MA - 37.80% Paid Off - 36 37435
36807956 1 175000 174508.77
> 37565 0.0635CA - 70.00% Paid Off - 36 37434
36827475 1 165000 164831.29
> 37565 0.1125NY - 51.60% Paid Off - 36 37432
36917888 1 206000 205510.15
> 37568 0.072NJ - 77.70% Paid Off - 36 37432
36921351 1 110000 109836.38
> 37561 0.095TX - 71.90% Paid Off - 36 37435
36976496 1 250200 249735.31
> 37558 0.097IL - 90.00% Paid Off - 36 37432
Page
> 27 of 33 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Prepayment Detail Report for November 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
37008604 1 92800 92664.82
> 37547 0.096CA - 80.00% Paid Off - 36 37437
33119165 2 331500 328704.59
> 37561 0.0699CA - 85.00% Paid Off - 36 37223
35031731 2 385200 384175.4
> 37567 0.092CA - 90.00% Paid Off - 36 37375
36157527 2 399000 398279.17
> 37564 0.0999NM - 70.00% Paid Off - 36 37393
36302198 2 301750 301047.93
> 37566 0.0875CA - 85.00% Paid Off - 36 37407
36922367 2 437000 436216.36
> 37559 0.086NY - 69.90% Paid Off - 36 37435
34024216 1 220000 219023.43
> 37560 0.0665CA - 80.00% Repur/Subs - 37376
36449825 1 96000 95747.53
> 37560 0.0815CA - 59.30% Repur/Subs - 37407
34007419 2 433000 431133.1
> 37560 0.068CA - 84.90% Repur/Subs - 37376
Page
> 28 of 33 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Report for November 25, 2002 Distribution
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES
> GROUP 2 GROUP 1 TOTAL
Current
Number of Loans Liquidated
> 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 29 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Report for November 25, 2002 Distribution
Realized Loss Report - Collateral
DEFAULT SPEEDS
> GROUP 2 GROUP 1 TOTAL
MDR
> 0 0 0
3 Months Avg MDR
> 0 0 0
12 Months Avg MDR
Avg MDR Since Cut-off
> 0 0 0
CDR
> 0 0 0
3 Months Avg CDR
> 0 0 0
12 Months Avg CDR
Avg CDR Since Cut-off
> 0 0 0
SDA
> 0 0 0
3 Months Avg SDA Approximation
> 0 0 0
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 30 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Report for November 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 mo
>nths 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 prior period
>s.
Dates correspond to distribution dates.
Page 31 of 33
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Realized Loss Detail Report for November 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
> 32 of 33 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-AR1
Asset Backed Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for November
>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
> 7,850,699.45
Ending Balance
> 811,991,319.25
Delinquency Percentage
> 0.97%
Balance of Mezzanine and C Class
> 163,645,999.00
Ending Balance
> 811,991,319.25
Credit Enhancement Percentage
> 20.15%
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
> 1.830000%
Current Period loan level losses
> 0.00
Current Recoveries or Losses from Prior periods
> 0.00
Total Current Losses
> 0.00
Page 33 of 33
> COPYRIGHT 2002 Deutsche Bank