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 BK PASS THR CERT SER 2002-C
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-77012-05 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 October 1, 2002.
Date: Dec 12, 2002 By: /s/ Katherine M. Wannenmacher
>
Katherine M. Wannenmacher
Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of November 25, 2002.
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
November 25, 2002 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Contents
> 1
2. Certificate Payment
> Report 2
3. Collection Account
>Report 10
4. Credit Enhancement
>Report 13
5. Collateral Report
> 14
6. Delinquency Report
> 17
7. REO Report
> 20
8. Foreclosure Report
> 21
9. Prepayment Report
> 22
10. Prepayment Detail R
>eport 25
11. Realized Loss Repor
>t 27
12. Realized Loss Detai
>l Report 30
13. Triggers, Adj. Rate
> Cert. and Miscellaneous Report 31
Total Number of Pag
>es 31
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: October 1,
>2002
Certificate Insurer(s):
> Closing Date: October 7,
> 2002
> First Payment Date: November 25, 20
>02
Servicer(s): Ameriquest Mortgage Corp Mast
>er Servicer
> Distribution Date: November 25,
> 2002
Underwriter(s): Banc of America Securities LLC
> Underwriter Record Date: November 2
>2, 2002
> Oc
>tober 31, 2002
> Page 1 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
REMIC I
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 1300000000
> 1300000000 8750276.25 8043180.39 16793456.64 0
> 0 1291956820
Total 1300000000
> 1300000000 8750276.25 8043180.39 16793456.64 0
> 0 1291956820
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 37530 37560 -
> 1300000000 1000 6.730981731 6.187061838 12.9
>1804357 993.8129382
> Page 2 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
REMIC I
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 1300000000 8750276.25
> 0 8043180.39 8043180.39 16793456.64 0
> 0 1291956820
Total 1300000000 8750276.25
> 0 8043180.39 8043180.39 16793456.64 0
> 0 1291956820
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 0.082350626 1300000000
> 8750276.25 0 0 0 8750276.25 875
>0276.25 0
Total 1300000000
> 8750276.25 0 0 0 8750276.25 875
>0276.25 0
> Page 3 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
REMIC 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 2 1300000000
> 1300000000 8750276.25 8043180.39 16793456.64 0
> 0 1291956820
Total 1300000000
> 1300000000 8750276.25 8043180.39 16793456.64 0
> 0 1291956820
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 37530 37560 -
> 1300000000 1000 6.730981731 6.187061838 12.9
>1804357 993.8129382
> Page 4 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
REMIC 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 2 1300000000 8750276.25
> 0 8043180.39 8043180.39 16793456.64 0
> 0 1291956820
Total 1300000000 8750276.25
> 0 8043180.39 8043180.39 16793456.64 0
> 0 1291956820
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 0.082350626 1300000000
> 8750276.25 0 0 0 8750276.25 875
>0276.25 0
Total 1300000000
> 8750276.25 0 0 0 8750276.25 875
>0276.25 0
> Page 5 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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)
Remic 3 1300000000
> 1300000000 8750275.25 8043181.39 16793456.64 0
> 0 1291956819
Total 1300000000
> 1300000000 8750275.25 8043181.39 16793456.64 0
> 0 1291956819
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 3 37530 37560 -
> 1300000000 1000 6.730980962 6.187062608 12.9
>1804357 993.8129374
> Page 6 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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)
Remic 3 1300000000 8750275.25
> 0 8043181.39 8043181.39 16793456.64 0
> 0 1291956819
Total 1300000000 8750275.25
> 0 8043181.39 8043181.39 16793456.64 0
> 0 1291956819
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 3 0.082350626 1300000000
> 8750275.25 0 0 0 8750275.25 875
>0275.25 0
Total 1300000000
> 8750275.25 0 0 0 8750275.25 875
>0275.25 0
> Page 7 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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)
AF-1 99174000
> 99174000 212397.65 1443888.15 1656285.8 0
> 0 97730111.85
AF-2 36998000
> 36998000 91570.05 0 91570.05 0
> 0 36998000
AF-3 62679000
> 62679000 178112.83 0 178112.83 0
> 0 62679000
AF-4 55274000
> 55274000 191616.53 0 191616.53 0
> 0 55274000
AF-5 46126000
> 46126000 190269.75 0 190269.75 0
> 0 46126000
AF-6 35365000
> 35365000 130850.5 0 130850.5 0
> 0 35365000
AV 898084000
> 898084000 2383664.62 6599392.24 8983056.86 0
> 0 891484607.8
M-1 39000000
> 39000000 214987.5 0 214987.5 0
> 0 39000000
M-2 16900000
> 16900000 95461.53 0 95461.53 0
> 0 16900000
S 0
> 0 595833.33 0 595833.33 0
> 0 0
CE 10399900
> 10399900 3746590.589 0 3746590.589 0
> 100 10400000
P 100
> 100 95783.01 0 95783.01 0
> 0 100
R-3 0
> 0 0 0 0 0
> 0 0
Total 1300000000
> 1300000000 8127137.889 8043280.39 16170418.28 0
> 100 1291956820
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 37530 37560 F-30/360 3139
>2VXE7 99174000 1000 2.141666667 14.55914 16.7
>0080666 985.44086
AF-2 37530 37560 F-30/360 3139
>2VXF4 36998000 1000 2.475 0
> 2.475 1000
AF-3 37530 37560 F-30/360 3139
>2VXG2 62679000 1000 2.841666746 0 2.84
>1666746 1000
AF-4 37530 37560 F-30/360 3139
>2VX98 55274000 1000 3.466666606 0 3.46
>6666606 1000
AF-5 37530 37560 F-30/360 3139
>2VXA5 46126000 1000 4.125 0
> 4.125 1000
AF-6 37530 37560 F-30/360 3139
>2VXB3 35365000 1000 3.7 0
> 3.7 1000
AV 37536 37584 A-Act/360 3139
>2VXD9 898084000 1000 2.65416667 7.348301762 10.0
>0246843 992.6516982
M-1 37536 37584 A-Act/360 0307
>2SDF9 39000000 1000 5.5125 0
> 5.5125 1000
M-2 37536 37584 A-Act/360 0307
>2SDG7 16900000 1000 5.648611243 0 5.64
>8611243 1000
S 37530 37560 F-30/360 3139
>2VXC1 130000000 1000 4.583333308 0 4.58
>3333308 1000
CE 37536 37560 A-30/360
> 10399900 1000 360.2525591 0 360.
>2525591 1000.009615
P -
> 100 1000 957830.1 0 9
>57830.1 1000
R-3 -
> 0 0 0 0
> 0 0
> Page 8 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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)
AF-1 99174000 212397.65
> 1294205.7 149682.45 1443888.15 1656285.8 0
> 0 97730111.85
AF-2 36998000 91570.05
> 0 0 0 91570.05 0
> 0 36998000
AF-3 62679000 178112.83
> 0 0 0 178112.83 0
> 0 62679000
AF-4 55274000 191616.53
> 0 0 0 191616.53 0
> 0 55274000
AF-5 46126000 190269.75
> 0 0 0 190269.75 0
> 0 46126000
AF-6 35365000 130850.5
> 0 0 0 130850.5 0
> 0 35365000
AV 898084000 2383664.62
> 5915258.1 684134.14 6599392.24 8983056.86 0
> 0 891484607.8
M-1 39000000 214987.5
> 0 0 0 214987.5 0
> 0 39000000
M-2 16900000 95461.53
> 0 0 0 95461.53 0
> 0 16900000
S 0 595833.33
> 0 0 0 595833.33 0
> 0 0
CE 10399900 3746590.589
> 0 0 0 3746590.589 0
> 100 10400000
P 100 95783.01
> 0 0 0 95783.01 0
> 0 100
R-3 0 0
> 0 0 0 0 0
> 0 0
Total 1300000000 8127137.889
> 7209463.8 833816.59 8043280.39 16170418.28 0
> 100 1291956820
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 0.0257 99174000
> 212397.65 0 0 0 212397.65 21
>2397.65 0
AF-2 0.0297 36998000
> 91570.05 0 0 0 91570.05 9
>1570.05 0
AF-3 0.0341 62679000
> 178112.83 0 0 0 178112.83 17
>8112.83 0
AF-4 0.0416 55274000
> 191616.53 0 0 0 191616.53 19
>1616.53 0
AF-5 0.0495 46126000
> 190269.75 0 0 0 190269.75 19
>0269.75 0
AF-6 0.0444 35365000
> 130850.5 0 0 0 130850.5 1
>30850.5 0
AV 0.0195 898084000
> 2383664.62 0 0 0 2383664.62 238
>3664.62 0
M-1 0.0405 39000000
> 214987.5 0 0 0 214987.5 2
>14987.5 0
M-2 0.0415 16900000
> 95461.53 0 0 0 95461.53 9
>5461.53 0
S 0.055 130000000
> 595833.33 0 0 0 595833.33 59
>5833.33 0
CE 0.03458 10399900
>3746590.589 0 0 0 3746590.589 3746
>690.589 0
P 100
> 95783.01 0 0 0 95783.01 9
>5783.01 0
R-3 0
> 0 0 0 0 0
> 0 0
Total 1430000000
>8127137.889 0 0 0 8127137.889 8127
>237.889 0
> Page 9 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Collection Account Report for November 25, 2002 Distribution
Collection Account Report
SUMMARY
> GROUP 2 GROUP 1 TOTAL
Principal Collections
> 6,599,310.19 1,443,870.20 8,043,180.39
Principal Other Accounts
> 6,975.58 0.00 6,975.58
TOTAL NET PRINCIPAL
> 6,606,285.77 1,443,870.20 8,050,155.97
Interest Collections
> 6,817,751.05 1,777,159.00 8,594,910.05
Interest Withdrawals
> 0.00 0.00 0.00
Interest Other Accounts
> 95,809.69 338,178.43 433,988.12
Interest Fees
> (212,976.46) (67,378.80) (901,660.28)
TOTAL NET INTEREST
> 6,700,584.28 2,047,958.63 8,127,237.89
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION
> 13,306,870.05 3,491,828.83 16,177,393.86
PRINCIPAL - COLLECTIONS
> GROUP 2 GROUP 1 TOTAL
Scheduled Principal Received
> 589,176.66 237,564.35 826,741.01
Prepayments In Full
> 4,476,940.26 898,482.21 5,375,422.47
Curtailments
> 187,655.58 51,997.12 239,652.70
Liquidations
> 0.00 0.00 0.00
Insurance Principal
> 0.00 0.00 0.00
Repurchased Principal Amounts
> 1,338,562.11 255,826.52 1,594,388.63
Other Principal
> 0.00 0.00 0.00
Total Realized Loss Of Principal
> 0.00 0.00 0.00
Delinquent Principal
> (262,051.27) (88,850.29) (350,901.56)
Advanced Principal
> 262,051.27 88,850.29 350,901.56
TOTAL PRINCIPAL COLLECTED
> 6,599,310.19 1,443,870.20 8,043,180.39
Page 10 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
TOTAL OTHER ACCOUNTS PRINCIPAL
> 6,975.58 0.00 6,975.58
INTEREST - COLLECTIONS
> GROUP 2 GROUP 1 TOTAL
Scheduled Interest
> 6,990,423.34 1,818,605.34 8,809,028.68
Liquidation Interest
> 0.00 0.00 0.00
Repurchased Interest
> 9,922.03 2,163.87 12,085.90
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
> (4,519.08) (993.81) (5,512.89)
Compensating Interest
> 4,519.08 993.81 5,512.89
Delinquent Interest
> (3,293,826.03) (725,147.37) (4,018,973.40)
Interest Advanced
> 3,111,231.71 681,537.16 3,792,768.87
TOTAL INTEREST COLLECTED
> 6,817,751.05 1,777,159.00 8,594,910.05
Page 11 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Collection Account Report for November 25, 2002 Distribution
Collection Account Report
INTEREST - WITHDRAWALS
> GROUP 2 GROUP 1 TOTAL
Extraordinary Trust Fund Expenses
> 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWALS
> 0.00 0.00 0.00
INTEREST - OTHER ACCOUNTS
> GROUP 2 GROUP 1 TOTAL
Prepayment Charges
> 95,783.01 0.00 95,783.01
Capitalized Interest Requirement
> 26.68 338,178.43 338,205.11
TOTAL INTEREST OTHER ACCOUNTS
> 95,809.69 338,178.43 433,988.12
INTEREST - FEES
> GROUP 2 GROUP 1 TOTAL
Current Servicing Fees
> 211,714.66 66,907.26 278,621.92
Trustee Fee
> 1,261.80 471.54 1,733.33
Guarantee Fee
> 621,305.03
TOTAL INTEREST OTHER FEES
> 212,976.46 67,378.80 901,660.28
Page 12 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
> 10,400,000.00
Overcollateralization Release Amount
> 0.00
Overcollateralization Deficiency Amount
> 100.00
Overcollateralization Target Amount
> 10,400,000.00
Excess Overcollateralization Amount
> 0.00
Page 13 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Collateral Report for November 25, 2002 Distribution
Collateral Report
COLLATERAL
> GROUP 2 GROUP 1 TOTAL
Loan Count:
Original
> 6871 1955 8826
Prior
> 0 0 0
Prefunding
> 0 0 0
Scheduled Paid Offs
> 0 0 0
Full Voluntary Prepayments
> -26 -7 -33
Repurchases
> -11 -1 -12
Liquidations
> 0 0 0
Current
> 6834 1947 8781
Principal Balance:
Original
> 946341572.4 265241897.9 1211583470
Prior
> 0 0 0
Prefunding
> 0 0 0
Scheduled Principal
> -589176.66 -237564.35 -826741.01
Partial and Full Voluntary Prepayments
> -4664595.84 -950479.33 -5615075.17
Repurchases
> -1338562.11 -255826.52 -1594388.63
Liquidations
> 0 0 0
Current
> 939749237.8 263798027.7 1203547266
PREFUNDING
> GROUP 2 GROUP 1 TOTAL
Initial Deposit
> 0.00
Group 1
Group 2
Current Prin Balance by Groups (in millions of dollars) Tota
>l Current Principal Balance (in millions of dollars)
Page 14 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Collateral Report for November 25, 2002 Distribution
Collateral Report
CHARACTERISTICS
> GROUP 2 GROUP 1 TOTAL
Weighted Average Coupon Original
> 0.088767256 0.082374733 0.087367794
Weighted Average Coupon Prior
Weighted Average Coupon Current
> 0.088767256 0.082374733 0.087367794
Weighted Average Months to Maturity Original
> 354 335 349.8355084
Weighted Average Months to Maturity Prior
> 0 0 0
Weighted Average Months to Maturity Current
> 354 335 349.8355084
Weighted Avg Remaining Amortization Term Original
> 353.2075646 334.2453583 349.0513567
Weighted Avg Remaining Amortization Term Prior
> 0 0 0
Weighted Avg Remaining Amortization Term Current
> 353.2075646 334.2453583 349.0513567
Weighted Average Seasoning Original
> 2.26902692 2.58784255 2.338906132
Weighted Average Seasoning Prior
> 0 0 0
Weighted Average Seasoning Current
> 2.26902692 2.58784255 2.338906132
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 15 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Collateral Report for November 25, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS
> GROUP 2 GROUP 1 TOTAL
Weighted Average Margin Original
> 0.06406938
Weighted Average Margin Prior
Weighted Average Margin Current
> 0.06406938
Weighted Average Max Rate Original
> 0.14876836 0.00065022
Weighted Average Max Rate Prior
Weighted Average Max Rate Current
> 0.14876836 0.00065022
Weighted Average Min Rate Original
> 0.08876836 0.08237473
Weighted Average Min Rate Prior
Weighted Average Min Rate Current
> 0.08876836 0.08237473
Weighted Average Cap Up Original
> 0.01
Weighted Average Cap Up Prior
Weighted Average Cap Up Current
> 0.01
Weighted Average Cap Down Original
> 0.01
Weighted Average Cap Down Prior
Weighted Average Cap Down Current
> 0.01
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES
> GROUP 2 GROUP 1 TOTAL
Current Servicing Fees
> 211,714.66 66,907.26 278,621.92
Delinquent Servicing Fees
> 182,594.33 43,610.20 226,204.53
TOTAL SERVICING FEES
> 394,308.99 110,517.46 504,826.45
Compensating Interest
> (4,519.08) (993.81) (5,512.89)
Delinquent Servicing Fees
> (182,594.33) (43,610.20) (226,204.53)
COLLECTED SERVICING FEES
> 207,195.58 65,913.45 273,109.03
Aggregate Advances with respect to this Distribution
> 3,373,282.98 770,387.45 4,143,670.43
Current 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 16 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Delinquency Report for November 25, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 85538.58 0 0 85538.58
% Balance
>7.10721E-05 0 0 7.10721E-05
# Loans
> 1 0 0 1
% # Loans
>0.000113882 0 0 0.000113882
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 861021.82
> 0 0 0 861021.82
% Balance 0.000715403
> 0 0 0 0.000715403
# Loans 5
> 0 0 0 5
% # Loans 0.000569411
> 0 0 0 0.000569411
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 861021.82
> 85538.58 0 0 946560.4
% Balance 0.000715403
>7.10721E-05 0 0 0.000786475
# Loans 5
> 1 0 0 6
% # Loans 0.000569411
>0.000113882 0 0 0.000683293
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 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
> 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 99594.92
> 0 0 0 99594.92
% Balance 0.000377542
> 0 0 0 0.000377542
# Loans 1
> 0 0 0 1
% # Loans 0.000513611
> 0 0 0 0.000513611
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 99594.92
> 0 0 0 99594.92
% Balance 0.000377542
> 0 0 0 0.000377542
# Loans 1
> 0 0 0 1
% # Loans 0.000513611
> 0 0 0 0.000513611
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 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
> 85538.58 0 0 85538.58
% Balance
>9.10228E-05 0 0 9.10228E-05
# Loans
> 1 0 0 1
% # Loans
>0.000146327 0 0 0.000146327
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 761426.9
> 0 0 0 761426.9
% Balance 0.000810245
> 0 0 0 0.000810245
# Loans 4
> 0 0 0 4
% # Loans 0.000585309
> 0 0 0 0.000585309
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 761426.9
> 85538.58 0 0 846965.48
% Balance 0.000810245
>9.10228E-05 0 0 0.000901268
# Loans 4
> 1 0 0 5
% # Loans 0.000585309
>0.000146327 0 0 0.000731636
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 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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 20 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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 21 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
> 26 7 33
Number of Repurchased Loans
> 11 1 12
Total Number of Loans Prepaid in Full
> 37 8 45
Paid in Full Balance
> 4476940.26 898482.21 5375422.47
Repurchased Loans Balance
> 1338562.11 255826.52 1594388.63
Curtailments Amount
> 187655.58 51997.12 239652.7
Total Prepayment Amount
> 6003157.95 1206305.85 7209463.8
Cumulative
Number of Paid in Full Loans
> 26 7 33
Number of Repurchased Loans
> 11 1 12
Total Number of Loans Prepaid in Full
> 37 8 45
Paid in Full Balance
> 4476940.26 898482.21 5375422.47
Repurchased Loans Balance
> 1338562.11 255826.52 1594388.63
Curtailments Amount
> 187655.58 51997.12 239652.7
Total Prepayment Amount
> 6003157.95 1206305.85 7209463.8
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars) Tota
>l Prepayments (in thousands of dollars)
Page 22 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
Asset Backed Certificates
Prepayment Report for November 25, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES
> GROUP 2 GROUP 1 TOTAL
SMM
> 0.006347494 0.004552023 0.005954511
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off
> 0.006347494 0.004552023 0.005954511
CPR
> 0.073566215 0.053277237 0.069159849
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off
> 0.073566215 0.053277237 0.069159849
PSA
> 16.21096126 10.29375547 14.7846569
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
> 16.21096126 10.29375547 14.7846569
Group 1
Group 2
CPR by Groups Tota
>l CPR
PSA by Groups Tota
>l PSA
Page 23 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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 24 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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 = 45
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 7,008,836.00
> Loan Group 2 = Group 2 Group
Total Prepayment Amount = 6,969,811.10
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
36010726 1 57000 56917.36
> 37533 0.1099GA - 51.82% Paid Off - 36 37393
36964765 1 97100 96511.66
> 37561 0.075MI - 57.12% Paid Off - 18 37454
37228442 1 205000 204703.78
> 37557 0.0765NJ - 62.12% Paid Off - 36 37455
37293131 1 248310 247956.12
> 37547 0.0935IL - 90.00% Paid Off - 36 37466
37354016 1 112000 111824.73
> 37558 0.0725MA - 74.67% Paid Off - 36 37467
37619558 1 95000 94851.33
> 37550 0.0725CO - 61.29% Paid Off - 36 37467
37847068 1 116000 85717.23
> 37529 0.085MN - 55.24% Paid Off - 36 37476
36230159 2 145000 144662.61
> 37561 0.0875CA - 60.42% Paid Off - 36 37407
36361996 2 88000 87901.06
> 37550 0.1215NE - 80.00% Paid Off - 36 37406
36626885 2 270000 269619.01
> 37566 0.0975NM - 90.00% Paid Off - 36 37434
36775559 2 283000 282579.07
> 37552 0.095MN - 80.86% Paid Off - 36 37425
36849339 2 185300 185088.8
> 37561 0.1075MA - 85.00% Paid Off - 36 37432
36988848 2 280000 279805.86
> 37546 0.1115MD - 68.63% Paid Off - 36 37460
36997930 2 230000 229629.21
> 37561 0.071NY - 58.23% Paid Off - 36 37467
37001484 2 190000 189823.86
> 37559 0.098NY - 67.86% Paid Off - 36 37463
37084555 2 260000 259750.54
> 37557 0.1CA - 81.25% Paid Off - 36 37454
37139128 2 150000 149736.65
> 37566 0.0775MA - 56.60% Paid Off - 36 37466
37165016 2 110000 109887.06
> 37537 0.09759MA - 72.37% Paid Off - 36 37462
37180817 2 167400 167329.8
> 37538 0.1025IL - 90.00% Paid Off - 36 37498
37195799 2 354250 353918.1
> 37547 0.0975NY - 65.00% Paid Off - 36 37440
37203502 2 160700 160584.86
> 37547 0.11IN - 87.34% Paid Off - 36 37466
37281151 2 78500 78424.47
> 37557 0.09625NJ - 70.72% Paid Off - 36 37466
37300738 2 150000 149787.58
> 37551 0.0775CA - 61.22% Paid Off - 36 37467
37537917 2 98000 97697.47
> 37550 0.0725IN - 61.25% Paid Off - 18 37484
37626538 2 149000 148810.93
> 37561 0.10259MA - 68.51% Paid Off - 36 37468
37661766 2 259500 259267.68
> 37552 0.0655CA - 79.85% Paid Off - 36 37488
37683752 2 96000 95946.18
> 37561 0.08875FL - 60.00% Paid Off - 36 37484
37809316 2 144000 143923.76
> 37538 0.0915IL - 90.00% Paid Off - 36 37480
37858966 2 66500 66475.09
> 37561 0.10775MO - 70.00% Paid Off - 36 37483
37991635 2 233700 233521.28
> 37564 0.0735MA - 95.00% Paid Off - 36 37484
38082178 2 72900 72872.55
> 37566 0.1075IL - 90.00% Paid Off - 36 37498
38238200 2 189000 188837.27
> 37533 0.0675CA - 70.00% Paid Off - 36 37489
38413837 2 71100 71059.51
> 37558 0.088FL - 90.00% Paid Off - 36 37490
35296151 1 256500 255826.52
> 37565 0.1015MA - 90.00% Repur/Subs - 37346
34912485 2 50400 50270.42
> 37561 0.1025AL - 90.00% Repur/Subs - 37344
35342427 2 156400 155876.61
> 37561 0.0899CO - 85.93% Repur/Subs - 37344
36390607 2 77775 77662.89
> 37561 0.0965LA - 85.00% Repur/Subs - 37437
37364981 2 199750 199558.84
> 37567 0.0899NY - 85.00% Repur/Subs - 37466
37392958 2 161250 161141.58
> 37561 0.0799IL - 75.00% Repur/Subs - 37498
37504610 2 201400 201134.27
> 37561 0.081CA - 95.00% Repur/Subs - 37463
37790896 2 175000 174900.35
> 37561 0.088CA - 83.33% Repur/Subs - 37474
37856754 2 77000 76953.35
> 37561 0.0885IL - 77.00% Repur/Subs - 37474
38236816 2 75600 75562.8
> 37537 0.09499OH - 90.00% Repur/Subs - 37498
38958260 2 115500 115500
> 37554 0.089MN - 75.00% Repur/Subs - 37529
Page
> 25 of 31 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
39033345 2 50001 50001
> 37560 0.11275IN - 69.45% Repur/Subs - 37526
Page
> 26 of 31 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-C
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 27 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
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 28 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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 29 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
> 30 of 31 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-C
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
> 861,021.82
Beginning Balance
> 1,291,956,819.61
Delinquency Percentage
> 0.07%
Cumulative Realized Loss Percentage
> 0.000000%
Credit Enhancement Percentage
> 0.00%
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 AV-1
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class M-1
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class M-2
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class S
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class AV-1 unpaid
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class M-1 unpaid
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class M-2 unpaid
> 0.00 0.00 0.00
Net WAC Rate Carryover Amt: Class S unpaid
> 0.00 0.00 0.00
Libor for Current Period
> 1.800000%
Page 31 of 31
> COPYRIGHT 2002 Deutsche Bank