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): December 26, 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
December 26, 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: Jan 02, 2003 By: /s/ Katie Wannenmacher
Katie Wannenmacher
Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of December 26, 2002.
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
December 26, 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: March 1, 20
>02
Certificate Insurer(s):
> Closing Date: March 18,
>2002
> First Payment Date: April 25, 2002
>
Servicer(s): Ameriquest Mortgage Corp Mast
>er Servicer
> Distribution Date: December 26,
> 2002
Underwriter(s): Salomon Brothers Inc. Underwr
>iter Record Date: December 2
>4, 2002
> No
>vember 29, 2002
> Page 1 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC I
Certificate Payment Report for December 26, 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)
LTAA1 240020088
>174639490.7 1128832.93 12602109.57 13730942.5 12355.55
> 0 162025025.6
LTAA2 249979912
> 249979912 1614467.53 0 1614467.53 0
> 0 249979912
LTACE 9999900
> 10000000 64637.9 0 64637.9 0
> 0 10000000
LTAIO 0
> 0 239918.6 0 239918.6 0
> 0 0
LTAP 100
> 100 374480.8 0 374480.8 0
> 0 100
LTAR-1 0
> 0 0 0 0 0
> 0 0
Total 500000000
>434619502.7 3422337.76 12602109.57 16024447.33 12355.55
> 0 422005037.6
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)
LTAA1 A-30/360
> 240020088 727.6036442 4.703076894 52.50439526 57.2
>0747215 675.0477718
LTAA2 A-30/360
> 249979912 1000 6.458389064 0 6.45
>8389064 1000
LTACE A-30/360
> 9999900 44462.39489 6.463854639 0 6.46
>3854639 1000.01
LTAIO A-30/360
> 500000000 869.2390054 0.4798372 0 0.
>4798372 844.0100752
LTAP A-30/360
> 100 1000 3744808 0
>3744808 1000
LTAR-1 A-30/360
> 0 0 0 0
> 0 0
> Page 2 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC I
Certificate Payment Report for December 26, 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)
LTAA1 240020088 12471830.75
> 0 77975772.69 77975772.69 90447603.44 19121.39
> 0 162025025.6
LTAA2 249979912 14029673.07
> 0 0 0 14029673.07 0
> 0 249979912
LTACE 9999900 582620.01
> 0 0 0 582620.01 0
> 0 10000000
LTAIO 0 2342599.01
> 0 0 0 2342599.01 68.34
> 0 0
LTAP 100 1836120.99
> 0 0 0 1836120.99 0
> 0 100
LTAR-1 0 0
> 0 0 0 0 0
> 0 0
Total 500000000 31262843.83
> 0 77975772.69 77975772.69 109238616.5 19189.73
> 0 422005037.6
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)
LTAA1 0.077565475 174639490.7
> 1128832.93 0 0 0 1128832.93 112
>8832.93 0
LTAA2 0.077500669 249979912
> 1614467.53 0 0 0 1614467.53 161
>4467.53 0
LTACE 0.077565475 444619502.7
> 64637.9 0 0 0 64637.9
>64637.9 0
LTAIO 0.006624238 434619502.7
> 239918.6 0 0 0 239918.6 2
>39918.6 0
LTAP 0.077565475 100
> 374480.8 0 0 0 374480.8 3
>74480.8 0
LTAR-1 0.077565475 0
> 0 0 0 0 0
> 0 0
Total 1303858508
> 3422337.76 0 0 0 3422337.76 342
>2337.76 0
> Page 3 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC II
Certificate Payment Report for December 26, 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)
LT1A 449999900
>384619402.7 2406618.82 12602109.57 15008728.39 12355.55
> 0 372004937.6
LT1B 50000000
> 50000000 312857.18 0 312857.18 0
> 0 50000000
LT1X 0
> 0 88462.38 0 88462.38 0
> 0 0
LT1IO 0
> 0 239918.6 0 239918.6 0
> 0 0
LT1P 100
> 100 374480.78 0 374480.78 0
> 0 100
LT1R-2 0
> 0 0 0 0 0
> 0 0
Total 500000000
>434619502.7 3422337.76 12602109.57 16024447.33 12355.55
> 0 422005037.6
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)
LT1A A-30/360
> 449999900 854.7099737 5.348043011 28.00469416 33.3
>5273717 826.6778228
LT1B A-30/360
> 50000000 1000 6.2571436 0 6.
>2571436 1000
LT1X A-30/360
> 490000000 866.5702096 0.180535469 0 0.18
>0535469 840.8264032
LT1IO A-30/360
> 500000000 869.2390054 0.4798372 0 0.
>4798372 844.0100752
LT1P A-30/360
> 100 1000 3744807.8 0 37
>44807.8 1000
LT1R-2 A-30/360
> 0 0 0 0
> 0 0
> Page 4 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC II
Certificate Payment Report for December 26, 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)
LT1A 449999900 23446227.68
> 0 77975772.69 77975772.69 101422000.4 19189.73
> 0 372004937.6
LT1B 50000000 2767870.86
> 0 0 0 2767870.86 0
> 0 50000000
LT1X 0 870025.62
> 0 0 0 870025.62 0
> 0 0
LT1IO 0 2342599.01
> 0 0 0 2342599.01 0
> 0 0
LT1P 100 1836120.7
> 0 0 0 1836120.7 0
> 0 100
LT1R-2 0 0
> 0 0 0 0 0
> 0 0
Total 500000000 31262843.87
> 0 77975772.69 77975772.69 109238616.6 19189.73
> 0 422005037.6
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)
LT1A 0.075085723 384619402.7
> 2406618.82 0 0 0 2406618.82 240
>6618.82 0
LT1B 0.075085723 50000000
> 312857.18 0 0 0 312857.18 31
>2857.18 0
LT1X 0.0025 424619402.7
> 88462.38 0 0 0 88462.38 8
>8462.38 0
LT1IO 0.006624238 434619502.7
> 239918.6 0 0 0 239918.6 2
>39918.6 0
LT1P 0.075085723 100
> 374480.78 0 0 0 374480.78 37
>4480.78 0
LT1R-2 0.088089714 0
> 0 0 0 0 0
> 0 0
Total 1293858408
> 3422337.76 0 0 0 3422337.76 342
>2337.76 0
> Page 5 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC III
Certificate Payment Report for December 26, 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)
LT2A 489999900
>425927012.6 2440503.18 12349943.83 14790447.01 12231.99
> 0 413564836.8
LT2B 4900000
> 4246194.03 24330.11 126144.65 150474.76 0
> 0 4120049.38
LT2S 0
> 0 229166.67 0 229166.67 0
> 0 0
LT2C 5100000
> 4446196 25476.09 126021.0958 151497.1858 123.56
> 0 4320051.34
LT2IO 0
> 0 239918.6 0 239918.6 0
> 0 0
LT2X 0
> 0 88462.38 0 88462.38 0
> 0 0
LT2P 100
> 100 374480.72 0 374480.72 0
> 0 100
LT2R-3 0
> 0 0 0 0 0
> 0 0
Total 500000000
>434619502.7 3422337.75 12602109.58 16024447.33 12355.55
> 0 422005037.5
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)
LT2A A-30/360
> 489999900 869.2389787 4.980619751 25.20397214 30.1
>8459189 844.0100433
LT2B A-30/360
> 4900000 866.5702102 4.965328571 25.74380612 30.7
>0913469 840.8264041
LT2S A-30/360
> 50000000 1000 4.5833334 0 4.
>5833334 1000
LT2C A-30/360
> 5100000 871.8031373 4.995311765 24.71001878 29.7
>0533055 847.0688902
LT2IO A-30/360
> 500000000 869.2390054 0.4798372 0 0.
>4798372 844.0100752
LT2X A-30/360
> 490000000 866.5702096 0.180535469 0 0.18
>0535469 840.8264032
LT2P A-30/360
> 100 1000 3744807.2 0 37
>44807.2 1000
LT2R-3 A-30/360
> 0 0 0 0
> 0 0
> Page 6 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC III
Certificate Payment Report for December 26, 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)
LT2A 489999900 23668566.91
> 0 76416064.26 76416064.26 100084631.2 18997.83
> 0 413564836.8
LT2B 4900000 236416.25
> 0 779950.63 779950.63 1016366.88 0
> 0 4120049.38
LT2S 0 2062500.03
> 0 0 0 2062500.03 0
> 0 0
LT2C 5100000 246615.83
> 0 779757.7261 779757.7261 1026373.556 191.9
> 0 4320051.34
LT2IO 0 2342599.01
> 0 0 0 2342599.01 0
> 0 0
LT2X 0 870025.62
> 0 0 0 870025.62 0
> 0 0
LT2P 100 1836120.24
> 0 0 0 1836120.24 0
> 0 100
LT2R-3 0 0
> 0 0 0 0 0
> 0 0
Total 500000000 31262843.89
> 0 77975772.62 77975772.62 109238616.5 19189.73
> 0 422005037.5
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)
LT2A 0.068758349 425927012.6
> 2440503.18 0 0 0 2440503.18 244
>0503.18 0
LT2B 0.068758349 4246194.03
> 24330.11 0 0 0 24330.11 2
>4330.11 0
LT2S 0.055 50000000
> 229166.67 0 0 0 229166.67 22
>9166.67 0
LT2C 0.068758349 4446196
> 25476.09 0 0 0 25476.09 2
>5476.09 0
LT2IO 0.006624238 434619502.7
> 239918.6 0 0 0 239918.6 2
>39918.6 0
LT2X 0.0025 424619402.7
> 88462.38 0 0 0 88462.38 8
>8462.38 0
LT2P 0.068758349 100
> 374480.72 0 0 0 374480.72 37
>4480.72 0
LT2R-3 0.068758349 0
> 0 0 0 0 0
> 0 0
Total 1343858408
> 3422337.75 0 0 0 3422337.75 342
>2337.75 0
> Page 7 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC IV
Certificate Payment Report for December 26, 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 490000000
>424619402.7 555779.62 12614465.12 13170244.74 0
> 0 412004937.6
S 0
> 0 229166.67 0 229166.67 0
> 0 0
IO 0
> 0 88462.38 0 88462.38 0
> 0 0
CE 9999900
> 10000000 2162104.586 0 2162104.586 0
> 0 10000000
P 100
> 100 374480.15 0 374480.15 0
> 0 100
R-3 0
> 0 0 0 0 0
> 0 0
Total 500000000
>434619502.7 3409993.406 12614465.12 16024458.53 0
> 0 422005037.6
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 A-Act/360 3133
>9NND4 490000000 866.5702096 1.134244122 25.74380637 26.8
>7805049 840.8264032
S F-30/360 3133
>9NNF9 50000000 1000 4.5833334 0 4.
>5833334 1000
IO F-30/360 3133
>9NNE2 490000000 866.5702096 0.180535469 0 0.18
>0535469 840.8264032
CE A-30/360
> 9999900 1000.01 216.2126207 0 216.
>2126207 1000.01
P A-30/360
> 100 1000 3744801.5 0 37
>44801.5 1000
R-3 A-30/360
> 0 0 0 0
> 0 0
> Page 8 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
REMIC IV
Certificate Payment Report for December 26, 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 490000000 7073256.16
>74785605.02 3209457.4 77995062.42 85068318.58 0
> 0 412004937.6
S 0 2062500.03
> 0 0 0 2062500.03 0
> 0 0
IO 0 870025.62
> 0 0 0 870025.62 0
> 0 0
CE 9999900 19401668.32
> 0 0 0 19401668.32 0
> 100 10000000
P 100 1836115.14
> 0 0 0 1836115.14 0
> 0 100
R-3 0 0
> 0 0 0 0 0
> 0 0
Total 500000000 31243565.27
>74785605.02 3209457.4 77995062.42 109238627.7 0
> 100 422005037.6
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 0.0152 424619402.7
> 555779.62 0 0 0 555779.62 55
>5779.62 0
S 0.055 50000000
> 229166.67 0 0 0 229166.67 22
>9166.67 0
IO 0.0025 424619402.7
> 88462.38 0 0 0 88462.38 8
>8462.38 0
CE 0.060037317 10000000
>2162104.586 0 0 0 2162104.586 2162
>104.586 0
P 100
> 374480.15 0 0 0 374480.15 37
>4480.15 0
R-3 0
> 0 0 0 0 0
> 0 0
Total 909238905.4
>3409993.406 0 0 0 3409993.406 3409
>993.406 0
> Page 9 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
SUMMARY
> PREFUNDED POOL TOTAL
Principal Collections
> 5,490,174.88 7,111,934.69 12,602,109.57
Principal Other Accounts
> 0.00 0.00 0.00
TOTAL NET PRINCIPAL
> 5,490,174.88 7,111,934.69 12,602,109.57
Interest Collections
> 1,672,031.42 1,589,861.82 3,261,893.24
Interest Withdrawals
> 0.00 0.00 0.00
Interest Other Accounts
> 0.00 374,480.15 374,480.15
Interest Fees
> (36,786.78) (177,248.85) (214,035.63)
TOTAL NET INTEREST
> 1,635,244.64 1,787,093.12 3,422,337.76
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION
> 7,125,419.52 8,899,027.81 16,024,447.33
PRINCIPAL - COLLECTIONS
> PREFUNDED POOL TOTAL
Scheduled Principal Received
> 142,636.58 136,238.06 278,874.64
Prepayments In Full
> 5,156,336.89 6,968,113.88 12,124,450.77
Curtailments
> 11,519.61 7,582.75 19,102.36
Liquidations
> 192,037.35 0.00 192,037.35
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
> (12,355.55) 0.00 (12,355.55)
Delinquent Principal
> (82,732.43) (81,162.91) (163,895.34)
Advanced Principal
> 82,732.43 81,162.91 163,895.34
TOTAL PRINCIPAL COLLECTED
> 5,490,174.88 7,111,934.69 12,602,109.57
Page 10 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
PRINCIPAL - WITHDRAWALS
> PREFUNDED POOL TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
> PREFUNDED POOL TOTAL
Unutilized Pre-Funding Amount
> 0.00 0.00 0.00
TOTAL OTHER ACCOUNTS PRINCIPAL
> 0.00 0.00 0.00
INTEREST - COLLECTIONS
> PREFUNDED POOL TOTAL
Scheduled Interest
> 1,726,078.82 1,645,420.06 3,371,498.88
Liquidation Interest
> 1,862.45 0.00 1,862.45
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
> (2,620.43) (4,053.76) (6,674.19)
Compensating Interest
> 2,620.43 4,053.76 6,674.19
Delinquent Interest
> (1,060,926.15) (1,056,931.58) (2,117,857.73)
Interest Advanced
> 1,005,016.30 1,001,373.34 2,006,389.64
TOTAL INTEREST COLLECTED
> 1,672,031.42 1,589,861.82 3,261,893.24
Page 11 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
INTEREST - WITHDRAWALS
> PREFUNDED POOL TOTAL
Extraordinary Trust Fund Expenses
> 0.00 0.00 0.00
Nonrecoverable Advances
> 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWALS
> 0.00 0.00 0.00
INTEREST - OTHER ACCOUNTS
> PREFUNDED POOL TOTAL
Prepayment Charges
> 0.00 374,480.15 374,480.15
Capitalized Interest Requirement
> 0.00 0.00 0.00
Master Servicer Prepayment Charge Payment
> 0.00
TOTAL INTEREST OTHER ACCOUNTS
> 0.00 374,480.15 374,480.15
INTEREST - FEES
> PREFUNDED POOL TOTAL
Current Servicing Fees
> 36,786.78 32,836.59 69,623.37
Guarantee Fee Amount
> 142,601.35
Trustee Fee
> 1,810.91
Page 12 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Credit Enhancement Report for December 26, 2002 Distribution
Credit Enhancement Report
ACCOUNTS
> PREFUNDED POOL TOTAL
Reserve Account Balance
> 1,000.00
INSURANCE
> PREFUNDED POOL TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
> PREFUNDED POOL TOTAL
Overcollateralized Amount
> 10,000,000.00
Overcollateralization Release Amount
> 0.00
Overcollateralization Deficiency Amount
> 12,355.55
Overcollateralization Target Amount
> 10,000,000.00
Excess Overcollateralization Amount
> 0.00
Page 13 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
COLLATERAL
> PREFUNDED POOL TOTAL
Loan Count:
Original
> 1003 1880 2883
Prior
> 1847 1630 3477
Prefunding
> 0 0 0
Scheduled Paid Offs
> 0 0 0
Full Voluntary Prepayments
> -40 -44 -84
Repurchases
> 0 0 0
Liquidations
> -2 0 -2
Current
> 1805 1586 3391
Principal Balance:
Original
> 124952741.4 250020088.4 374972829.9
Prior
> 222471912.9 212147589.8 434619502.7
Prefunding
> 0 0 0
Scheduled Principal
> -142636.58 -136238.06 -278874.64
Partial and Full Voluntary Prepayments
> -5167856.5 -6975696.63 -12143553.13
Repurchases
> 0 0 0
Liquidations
> -192037.35 0 -192037.35
Current
> 216969382.4 205035655.2 422005037.6
PREFUNDING
> PREFUNDED POOL TOTAL
Pre-Funding Account Balance
> 0.00
Interest Coverage Account Balance
> 0.00
Pool
Prefunded
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-A
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
CHARACTERISTICS
> PREFUNDED POOL TOTAL
Weighted Average Coupon Original
> 0.093428883 0.093422229 0.093424446
Weighted Average Coupon Prior
> 0.093148608 0.093073181 0.093111698
Weighted Average Coupon Current
> 0.093204104 0.09307219 0.093139714
Weighted Average Months to Maturity Original
> 351 350 350.332598
Weighted Average Months to Maturity Prior
> 344 343 343.5118774
Weighted Average Months to Maturity Current
> 343 342 342.5141393
Weighted Avg Remaining Amortization Term Original
> 350.9220572 349.9616273 350.2810643
Weighted Avg Remaining Amortization Term Prior
> 343.6705138 342.5692284 343.1329515
Weighted Avg Remaining Amortization Term Current
> 342.6131884 341.4979378 342.071332
Weighted Average Seasoning Original
> 1.40348212 2.64665249 2.233176502
Weighted Average Seasoning Prior
> 7.86239983 9.62202127 8.721310774
Weighted Average Seasoning Current
> 8.85973607 10.61435532 9.712236575
Note: Original information refers to deal issue.
Pool
Prefunded
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-A
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS
> PREFUNDED POOL TOTAL
Weighted Average Margin Original
> 0.05945348 0.05927666
Weighted Average Margin Prior
> 0.05943894 0.059128
Weighted Average Margin Current
> 0.05942435 0.05904789
Weighted Average Max Rate Original
> 0.09342888 0.09342223
Weighted Average Max Rate Prior
> 0.12114934 0.09307318
Weighted Average Max Rate Current
> 0.12121251 0.09307219
Weighted Average Min Rate Original
> 0.09342888 0.09342223
Weighted Average Min Rate Prior
> 0.09123994 0.09307318
Weighted Average Min Rate Current
> 0.09123654 0.09307219
Weighted Average Cap Up Original
> 0.00917047 0.00918358
Weighted Average Cap Up Prior
> 0.00451476 0.00916649
Weighted Average Cap Up Current
> 0.00451059 0.00915393
Weighted Average Cap Down Original
> 0.00917047 0.00918358
Weighted Average Cap Down Prior
> 0.00451476 0.00916649
Weighted Average Cap Down Current
> 0.00451059 0.00915393
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES
> PREFUNDED POOL TOTAL
Current Servicing Fees
> 36,786.78 32,836.59 69,623.37
Delinquent Servicing Fees
> 55,909.85 55,558.24 111,468.09
TOTAL SERVICING FEES
> 92,696.63 88,394.83 181,091.46
Compensating Interest
> (2,620.43) (4,053.76) (6,674.19)
Delinquent Servicing Fees
> (55,909.85) (55,558.24) (111,468.09)
COLLECTED SERVICING FEES
> 34,166.35 28,782.83 62,949.18
Aggregate Advances with respect to this Distribution
> 1,087,748.73 1,082,536.25 2,170,284.98
ADDITIONAL COLLATERAL INFORMATION
> PREFUNDED POOL TOTAL
Net Prepayment Interest Shortfall
> 0.00 0.00 0.00
Page 16 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 7200744.52 4413920.26 3455199.38 15069864.16
% Balance
>0.017063172 0.010459402 0.008187579 0.035710152
# Loans
> 59 41 27 127
% # Loans
>0.017398997 0.012090829 0.007962253 0.037452079
FORECLOSURE Balance 81584.48
> 0 51524.29 10551510.83 10684619.6
% Balance 0.000193326
> 0 0.000122094 0.025003282 0.025318702
# Loans 1
> 0 1 89 91
% # Loans 0.000294898
> 0 0.000294898 0.026245945 0.026835742
BANKRUPTCY Balance 2521010.73
> 390277.39 188882.34 2084250.71 5184421.17
% Balance 0.005973888
>0.000924817 0.000447583 0.004938924 0.012285212
# Loans 19
> 3 2 18 42
% # Loans 0.005603067
>0.000884695 0.000589797 0.005308169 0.012385727
REO Balance 0
> 0 0 485752.06 485752.06
% Balance 0
> 0 0 0.001151057 0.001151057
# Loans 0
> 0 0 4 4
% # Loans 0
> 0 0 0.001179593 0.001179593
TOTAL Balance 2602595.21
> 7591021.91 4654326.89 16576712.98 31424656.99
% Balance 0.006167214
>0.017987989 0.011029079 0.039280841 0.074465123
# Loans 20
> 62 44 138 264
% # Loans 0.005897965
>0.018283692 0.012975523 0.04069596 0.077853141
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-A
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Pool Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 3643946.43 2256287.05 1888316.17 7788549.65
% Balance
>0.017772257 0.011004364 0.009209697 0.037986318
# Loans
> 29 19 15 63
% # Loans
>0.018284994 0.011979823 0.009457755 0.039722573
FORECLOSURE Balance 0
> 0 51524.29 6111299.48 6162823.77
% Balance 0
> 0 0.000251294 0.029806033 0.030057327
# Loans 0
> 0 1 48 49
% # Loans 0
> 0 0.000630517 0.030264817 0.030895334
BANKRUPTCY Balance 1191861.87
> 311638.89 0 1591644.03 3095144.79
% Balance 0.005812949
>0.001519925 0 0.007762767 0.015095642
# Loans 9
> 2 0 12 23
% # Loans 0.005674653
>0.001261034 0 0.007566204 0.014501892
REO Balance 0
> 0 0 382312.2 382312.2
% Balance 0
> 0 0 0.001864613 0.001864613
# Loans 0
> 0 0 3 3
% # Loans 0
> 0 0 0.001891551 0.001891551
TOTAL Balance 1191861.87
> 3955585.32 2307811.34 9973571.88 17428830.41
% Balance 0.005812949
>0.019292183 0.011255659 0.04864311 0.0850039
# Loans 9
> 31 20 78 138
% # Loans 0.005674653
>0.019546028 0.01261034 0.049180328 0.087011349
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-A
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Prefunded Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 3556798.09 2157633.21 1566883.21 7281314.51
% Balance
>0.016393088 0.009944413 0.007221679 0.03355918
# Loans
> 30 22 12 64
% # Loans
>0.016620499 0.012188366 0.006648199 0.035457064
FORECLOSURE Balance 81584.48
> 0 0 4440211.35 4521795.83
% Balance 0.000376018
> 0 0 0.020464691 0.020840709
# Loans 1
> 0 0 41 42
% # Loans 0.000554017
> 0 0 0.022714681 0.023268698
BANKRUPTCY Balance 1329148.86
> 78638.5 188882.34 492606.68 2089276.38
% Balance 0.006125974
>0.000362441 0.000870548 0.002270397 0.00962936
# Loans 10
> 1 2 6 19
% # Loans 0.005540166
>0.000554017 0.001108033 0.0033241 0.010526316
REO Balance 0
> 0 0 103439.86 103439.86
% Balance 0
> 0 0 0.000476749 0.000476749
# Loans 0
> 0 0 1 1
% # Loans 0
> 0 0 0.000554017 0.000554017
TOTAL Balance 1410733.34
> 3635436.59 2346515.55 6603141.1 13995826.58
% Balance 0.006501993
>0.016755528 0.010814962 0.030433516 0.064505998
# Loans 11
> 31 24 60 126
% # Loans 0.006094183
>0.017174515 0.013296399 0.033240997 0.069806094
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-A
Asset Backed Certificates
REO Report for December 26, 2002 Distribution
REO Report - Mortgage Loans that Become REO During Current Dis
>tribution
SUMMARY LOAN GROUP
Total Loan Count = 0 Loan Group 1
>= Pool Group; REO Book Value = Not Available
Total Original Principal Balance = 000.00 Loan Group 2
> = Prefunded Group; REO Book Value = Not Available
Total Current Balance = 000.00
REO Book Value = Not Available
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-A
Asset Backed Certificates
Foreclosure Report for December 26, 2002 Distribution
Foreclosure Report - Mortgage Loans that Become Foreclosure Du
>ring Current Distribution
SUMMARY LOAN GROUP
Total Loan Count = 29 Loan Group 1
>= Pool Group
Total Original Principal Balance = 3,462,101.00 Loan Group 2
> = Prefunded Group
Total Current Balance = 3,445,363.31
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
33007444 1 125750 124846.98 37438
> 0.08755IA - 84.97% 360 37225
33136409 1 208000 207049.9 37438
> 0.105NY - 60.29% 360 37256
33242827 1 176400 175715.74 37377
> 0.108NY - 90.00% 360 37260
33298100 1 62250 60720.13 37288
> 0.12IA - 75.00% 180 37279
33377359 1 181900 180821.64 37438
> 0.0925IL - 85.00% 360 37251
33505421 1 130500 129844.95 37408
> 0.09575IL - 90.00% 360 37287
33603655 1 180000 179203.43 37408
> 0.1065IL - 84.11% 360 37256
33844671 1 171000 170343.7 37408
> 0.1085AZ - 90.00% 360 37285
33879073 1 85000 84648.59 37408
> 0.105MI - 85.00% 360 37287
33987702 1 95000 94222.35 37408
> 0.0875MN - 75.40% 360 37285
34065193 1 60800 60556.9 37408
> 0.10659OH - 80.00% 360 37287
34185439 1 200000 199463.27 37377
> 0.12499MA - 80.00% 360 37287
33707050 2 101250 100650.39 37408
> 0.09599RI - 75.00% 360 37256
34082610 2 54000 53844.04 37408
> 0.11659OH - 75.00% 360 37308
34143263 2 100000 99405.31 37438
> 0.0875CA - 80.00% 360 37295
34149336 2 136000 135441.1 37347
> 0.10009IL - 80.00% 360 37299
34192641 2 80000 79727.87 37377
> 0.109PA - 80.00% 360 37315
34279034 2 201000 200533.94 37408
> 0.12659NY - 67.00% 360 37315
34534552 2 50000 49833.45 37438
> 0.11WA - 27.03% 360 37312
34598086 2 86250 84579.99 37408
> 0.1165MO - 75.00% 180 37313
34689406 2 176250 175578.96 37377
> 0.10775NY - 75.00% 360 37314
34742148 2 147000 146683.98 37377
> 0.13MI - 68.06% 360 37315
34765511 2 140250 139790.17 37408
> 0.105WA - 85.00% 360 37345
34784132 2 53550 53364.83 37408
> 0.1025OH - 85.00% 360 37323
34854596 2 65450 65198.62 37377
> 0.0975MI - 85.00% 360 37330
34861179 2 71200 71091.68 37347
> 0.1399OH - 80.00% 360 37344
34864330 2 100001 99706.35 37438
> 0.10999MN - 66.67% 360 37337
35064591 2 74800 74608.48 37438
> 0.1165SC - 85.00% 360 37346
35219120 2 148500 147886.57 37438
> 0.094IL - 95.00% 360 37343
Page 21 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS
> PREFUNDED POOL TOTAL
Current
Number of Paid in Full Loans
> 40 44 84
Number of Repurchased Loans
> 0 0 0
Total Number of Loans Prepaid in Full
> 40 44 84
Paid in Full Balance
> 5156336.89 6968113.88 12124450.77
Repurchased Loans Balance
> 0 0 0
Curtailments Amount
> 11519.61 7582.75 19102.36
Total Prepayment Amount
> 5167856.5 6975696.63 12143553.13
Cumulative
Number of Paid in Full Loans
> 184 264 448
Number of Repurchased Loans
> 41 29 70
Total Number of Loans Prepaid in Full
> 225 293 518
Paid in Full Balance
> 25656096.59 39284495.69 64940592.28
Repurchased Loans Balance
> 5114849.32 4115621.43 9230470.75
Curtailments Amount
> 158078.17 101602.25 259680.42
Total Prepayment Amount
> 30929024.08 43501719.37 74430743.45
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-A
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES
> PREFUNDED POOL TOTAL
SMM
> 0.023244157 0.032902468 0.027958594
3 Months Avg SMM
> 0.023591503 0.034632996 0.029016453
12 Months Avg SMM
Avg SMM Since Cut-off
> 0.015059699 0.021110892 0.01799337
CPR
> 0.245894311 0.330665359 0.288430735
3 Months Avg CPR
> 0.24910606 0.344897273 0.297668005
12 Months Avg CPR
Avg CPR Since Cut-off
> 0.166474494 0.22589129 0.195783392
PSA
> 13.87706752 15.57632797 14.84883183
3 Months Avg PSA Approximation
> 15.84327869 17.92563838 17.06928032
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
> 16.90050263 17.02465067 16.89532305
Pool
Prefunded
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-A
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
Pool
Prefunded
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-A
Asset Backed Certificates
Prepayment Detail Report for December 26, 2002 Distribution
Prepayment Detail Report - Loans Prepaid in Full During Curren
>t Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 84
> Loan Group 1 = Pool Group
Total Original Principal Balance = 12,199,636.00
> Loan Group 2 = Prefunded Group
Total Prepayment Amount = 12,124,450.77
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
31776172 1 184000 177264.28
> 37574 0.0699CA - 61.33% Paid Off - 36 37134
32230286 1 175500 174030.93
> 37579 0.0799MN - 90.00% Paid Off - 36 37186
32496945 1 238500 236871.37
> 37575 0.0955CA - 85.18% Paid Off - 36 37194
32517260 1 140000 139067.58
> 37591 0.09125CA - 70.00% Paid Off - 36 37195
32698573 1 185650 185228.31
> 37573 0.1325TX - 84.39% Paid Off - 36 37256
32789216 1 199750 198537
> 37580 0.0915CA - 85.00% Paid Off - 36 37225
32816266 1 68000 67654.18
> 37586 0.0999IA - 76.40% Paid Off - 36 37225
33093261 1 260000 258163.02
> 37595 0.0875CA - 72.22% Paid Off - 36 37225
33170622 1 208800 202031.16
> 37575 0.0699PA - 90.00% Paid Off - 18 37253
33299660 1 127500 126678.64
> 37594 0.086CA - 85.00% Paid Off - 36 37251
33339474 1 136000 135391.46
> 37586 0.10125MI - 80.00% Paid Off - 36 37252
33356338 1 252000 250342.36
> 37591 0.0825CA - 90.00% Paid Off - 36 37246
33359498 1 217500 215730.45
> 37591 0.085HI - 75.00% Paid Off - 36 37287
33368986 1 250750 249840.59
> 37560 0.1115IL - 85.00% Paid Off - 36 37252
33405440 1 57000 56625
> 37586 0.0825MI - 68.68% Paid Off - 36 37256
33526864 1 69700 69449.86
> 37587 0.1065LA - 85.00% Paid Off - 36 37272
33546847 1 138000 137027.45
> 37579 0.0825MN - 86.25% Paid Off - 36 37256
33556168 1 192000 190914.88
> 37589 0.08999NY - 78.37% Paid Off - 36 37256
33569047 1 84000 83835.17
> 37593 0.1399IN - 75.00% Paid Off - 36 37249
33580366 1 141050 140604.04
> 37581 0.1175MA - 65.00% Paid Off - 36 37256
33586439 1 294295 292822.5
> 37560 0.0959NY - 90.00% Paid Off - 36 37256
33615220 1 167000 166056.19
> 37596 0.08999NY - 81.46% Paid Off - 36 37245
33693763 1 122400 122085.43
> 37591 0.12659IN - 85.00% Paid Off - 36 37286
33699109 1 240000 238891.76
> 37581 0.0945CA - 80.00% Paid Off - 36 37266
33711383 1 148750 147872.47
> 37589 0.0825OH - 85.00% Paid Off - 36 37286
33716077 1 99200 98868.95
> 37591 0.115MI - 80.00% Paid Off - 36 37252
33727421 1 55000 54435.25
> 37579 0.06999FL - 71.43% Paid Off - 36 37278
33741117 1 199500 198489.23
> 37568 0.09CA - 70.00% Paid Off - 36 37279
33762444 1 160140 158988.14
> 37591 0.1199CO - 85.00% Paid Off - 36 37274
33773151 1 90950 90686.78
> 37593 0.1165CA - 85.00% Paid Off - 36 37274
33785643 1 100001 99711.59
> 37591 0.1165MA - 58.82% Paid Off - 36 37287
33799099 1 190800 190111.75
> 37595 0.10625NJ - 90.00% Paid Off - 36 37280
33822057 1 84700 84411.84
> 37591 0.109MA - 67.76% Paid Off - 36 37287
33824640 1 217750 217024.89
> 37591 0.10999CA - 65.00% Paid Off - 36 37284
33910936 1 134600 133481.32
> 37585 0.0699CA - 76.91% Paid Off - 36 37287
33944414 1 130000 129533.52
> 37593 0.1065IL - 70.27% Paid Off - 36 37280
33956251 1 122000 121562.21
> 37579 0.1065MA - 76.25% Paid Off - 36 37285
34050443 1 144000 143431.58
> 37585 0.102NY - 80.00% Paid Off - 36 37279
34091355 1 220000 219140.69
> 37574 0.1025CA - 80.00% Paid Off - 36 37286
34091470 1 156000 155662.29
> 37599 0.12999CA - 80.00% Paid Off - 36 37287
34109868 1 112000 111262.59
> 37594 0.077WA - 80.00% Paid Off - 36 37286
34211847 1 153000 152369.86
> 37591 0.1MN - 85.00% Paid Off - 36 37287
34215038 1 131750 131264.47
> 37596 0.10525MA - 85.00% Paid Off - 36 37284
34282566 1 216000 214660.85
> 37587 0.105CA - 84.71% Paid Off - 36 37287
Page
> 25 of 31 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Prepayment Detail Report for December 26, 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
32852568 2 200700 199697.57
> 37591 0.09599IL - 90.00% Paid Off - 36 37256
32974578 2 65000 63798.29
> 37574 0.1065IL - 61.91% Paid Off - 24 37225
33032715 2 106000 105013.94
> 37572 0.0699MA - 89.83% Paid Off - 36 37225
33143009 2 126900 124131.6
> 37579 0.0699IA - 90.00% Paid Off - 24 37225
33377086 2 220500 219510.53
> 37591 0.08999NJ - 90.00% Paid Off - 36 37315
33796152 2 65000 64641.94
> 37594 0.0859MO - 76.47% Paid Off - 36 37274
33808106 2 81500 81304.24
> 37591 0.125NY - 56.99% Paid Off - 36 37287
33945858 2 124000 123515.66
> 37592 0.1025NY - 80.00% Paid Off - 36 37272
34006197 2 200000 199102.71
> 37591 0.09NJ - 75.47% Paid Off - 36 37313
34027508 2 178000 177188.85
> 37596 0.0825CA - 81.84% Paid Off - 36 37335
34090050 2 99750 99392.81
> 37560 0.1066MN - 75.00% Paid Off - 36 37287
34125526 2 133000 132403.14
> 37591 0.08999MA - 40.30% Paid Off - 36 37302
34158006 2 106400 105871.33
> 37599 0.085MI - 80.00% Paid Off - 36 37314
34160218 2 146000 145409.28
> 37589 0.095OH - 74.87% Paid Off - 36 37308
34177998 2 135000 134614.9
> 37591 0.1115CA - 90.00% Paid Off - 36 37298
34180315 2 60300 60038.78
> 37574 0.09259PA - 90.00% Paid Off - 36 37299
34189787 2 75000 74735.16
> 37590 0.1015CA - 61.48% Paid Off - 36 37306
34201343 2 111000 110770.81
> 37575 0.11999CA - 75.00% Paid Off - 36 37323
34227181 2 174250 173539.39
> 37591 0.09799CA - 85.00% Paid Off - 36 37299
34233189 2 63750 63425.93
> 37596 0.089OH - 75.00% Paid Off - 36 37300
34254821 2 300000 298654.11
> 37591 0.09NY - 65.22% Paid Off - 36 37306
34281535 2 67500 67157.76
> 37585 0.086AZ - 90.00% Paid Off - 36 37307
34287623 2 150000 149453.25
> 37594 0.09999CA - 77.32% Paid Off - 36 37302
34296715 2 105500 104939.78
> 37592 0.0825RI - 60.29% Paid Off - 36 37299
34304873 2 168000 167320.28
> 37581 0.095CA - 53.33% Paid Off - 36 37301
34350900 2 143500 142750.07
> 37573 0.0825IN - 71.75% Paid Off - 36 37302
34417154 2 123250 122876.98
> 37575 0.10875NJ - 85.00% Paid Off - 36 37315
34525162 2 55300 55156.82
> 37579 0.11599FL - 70.00% Paid Off - 36 37313
34528687 2 142200 141733.96
> 37595 0.1075IL - 90.00% Paid Off - 36 37340
34557363 2 78200 73893.39
> 37587 0.072AZ - 85.00% Paid Off - 24 37308
34686691 2 225000 224286.9
> 37578 0.11WA - 75.00% Paid Off - 36 37345
34831529 2 117000 116380.6
> 37587 0.075MN - 75.48% Paid Off - 36 37334
34920793 2 294600 294188.44
> 37590 0.1375CT - 79.62% Paid Off - 36 37346
35015676 2 90000 89717.17
> 37591 0.1005NY - 25.14% Paid Off - 36 37342
35018662 2 106300 105878.52
> 37591 0.0897IA - 88.58% Paid Off - 36 37341
35076025 2 93000 92654.58
> 37575 0.0925MO - 84.55% Paid Off - 36 37335
35081603 2 119000 118601.72
> 37585 0.0975IA - 84.40% Paid Off - 36 37336
35102201 2 103700 103336.24
> 37581 0.09525IA - 85.00% Paid Off - 36 37343
35193796 2 172000 171393.05
> 37591 0.095FL - 80.00% Paid Off - 36 37345
35275734 2 58000 57856.41
> 37591 0.11255AL - 69.05% Paid Off - 36 37344
Page
> 26 of 31 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES
> PREFUNDED POOL TOTAL
Current
Number of Loans Liquidated
> 2 0 2
Collateral Realized Loss/(Gain) Amount
> 12355.55 0 12355.55
Net Liquidation Proceeds
> 179681.8 0 179681.8
Cumulative
Number of Loans Liquidated
> 2 1 3
Collateral Realized Loss/(Gain) Amount
> 12355.55 6834.18 19189.73
Net Liquidation Proceeds
> 179681.8 155990.04 335671.84
Note: Collateral realized losses may include adjustments to loan
>s liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
Pool
> 3 Months Moving Average
Prefunded
Collateral Loss Severity Approximation by Groups Coll
>ateral Loss Severity Approximation
Page 27 of 31
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
DEFAULT SPEEDS
> PREFUNDED POOL TOTAL
MDR
> 0.000863198 0 0.000441852
3 Months Avg MDR
> 0.000287816 0 0.000147306
12 Months Avg MDR
Avg MDR Since Cut-off
> 9.59477E-05 7.71321E-05 8.75082E-05
CDR
> 0.010309342 0 0.005289354
3 Months Avg CDR
> 0.003448325 0 0.001766236
12 Months Avg CDR
Avg CDR Since Cut-off
> 0.001150765 0.000925193 0.001049593
SDA
> 0.058180864 0 0.027230358
3 Months Avg SDA Approximation
> 0.021931529 0 0.010128186
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation
> 0.011682578 0.006972859 0.00905757
Loss Severity Approximation for Current Period
> 0.064339307 0.064339307
3 Months Avg Loss Severity Approximation
> 0.064339307 0.064339307
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
> 0.064339307 0.041972748 0.053156028
Pool
Prefunded
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-A
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
Pool
Prefunded
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-A
Asset Backed Certificates
Realized Loss Detail Report for December 26, 2002 Distribution
Realized Loss Detail Report - Loans Liquidated During Current
>Distribution
SUMMARY
> LOAN GROUP
Total Loan Count = 2
> Loan Group 1 = Pool Group
Total Original Principal Balance = 192,550.00
> Loan Group 2 = Prefunded Group
Total Prior Principal Balance = 192,037.35
Total Realized Loss Amount = 12,355.55
Total Net Liquidation Proceeds = 179,681.80
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
33976382 2 FLC 118950 118705.62
> 885.16 0.1265CA - 65.00% 360 37302
34393520 2 FLC 73600 73331.73
> 11470.39 0.1IN - 80.00% 360 37302
Page
> 30 of 31 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-A
Asset Backed Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for December
>26, 2002 Distribution
Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS
> PREFUNDED POOL TOTAL
Stepdown Date has occurred
> No
Three Month Rolling Delinquency Percentage
> 8.44%
ADJUSTABLE RATE CERTIFICATE INFORMATION
> PREFUNDED POOL TOTAL
Class A Next Rate
> 1.56%
ADDITIONAL INFORMATION
> PREFUNDED POOL TOTAL
Net WAC Rate Carryover Amt: Class A
> 0.00
Net WAC Rate Carryover Amt: Class A unpaid
> 0.00
Libor for Current Period
> 1.38%
Page 31 of 31
> COPYRIGHT 2002 Deutsche Bank