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,and
Deutsche Bank National Trust Company, as Trustee).
ASSET BACKED PASS THROUGH CERTIFICATES 2002-4
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-77012-04 33-0885129
(Commission File Number) (I.R.S. Employer Identification No.)
>
1100 TOWN & COUNTRY ROAD, SUITE 1100
ORANGE, CALIFORNIA 92868
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (714) 564-0660
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements to the
Certificateholders which was derived from the monthly information
submitted by the Master Servicer of the Trust to the Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
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 Novemeber 1, 2002.
Date: Jan 10, 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. 2002-4
Asset Backed Certificates
December 26, 2002 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Contents
> 1
2. Certificate Payment
> Report 2
3. Collection Account
>Report 8
4. Credit Enhancement
>Report 11
5. Collateral Report
> 12
6. Delinquency Report
> 15
7. REO Report
> 19
8. Foreclosure Report
> 20
9. Prepayment Report
> 21
10. Prepayment Detail R
>eport 24
11. Realized Loss Repor
>t 25
12. Realized Loss Detai
>l Report 28
13. Triggers, Adj. Rate
> Cert. and Miscellaneous Report 29
Total Number of Pag
>es 29
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: November 1,
> 2002
Certificate Insurer(s):
> Closing Date: November 1
>3, 2002
> First Payment Date: December 26, 20
>02
Servicer(s): Ameriquest Mortgage Corp Mast
>er Servicer
> Distribution Date: December 26,
> 2002
Underwriter(s): Morgan Stanley & Co. Inc Unde
>rwriter Record Date: December 2
>4, 2002
> No
>vember 29, 2002
> Page 1 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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)
Remic 1 1300000000
> 1300000000 7100409.387 9308768.35 16409177.74 0
> 0 1290691232
Total 1300000000
> 1300000000 7100409.387 9308768.35 16409177.74 0
> 0 1290691232
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 37573 37615 A-Act/360
> 1300000000 1000 5.461853374 7.160591038 12.6
>2244441 992.839409
> Page 2 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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)
Remic 1 1300000000 7100409.387
> 0 9308768.35 9308768.35 16409177.74 0
> 0 1290691232
Total 1300000000 7100409.387
> 0 9308768.35 9308768.35 16409177.74 0
> 0 1290691232
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 0.076404633 1300000000
>7100409.387 0 0 0 7100409.387 7100
>409.387 0
Total 1300000000
>7100409.387 0 0 0 7100409.387 7100
>409.387 0
> Page 3 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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)
Remic 2 1300000000
> 1300000000 7100408.387 9308769.35 16409177.74 0
> 1 1290691232
Total 1300000000
> 1300000000 7100408.387 9308769.35 16409177.74 0
> 1 1290691232
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 37573 37615 A-30/360
> 1300000000 1000 5.461852605 7.160591808 12.6
>2244441 992.839409
> Page 4 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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)
Remic 2 1300000000 7100408.387
> 0 9308769.35 9308769.35 16409177.74 0
> 1 1290691232
Total 1300000000 7100408.387
> 0 9308769.35 9308769.35 16409177.74 0
> 1 1290691232
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 0.076404633 1300000000
>7100408.387 0 0 0 7100408.387 7100
>409.387 0
Total 1300000000
>7100408.387 0 0 0 7100408.387 7100
>409.387 0
> Page 5 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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)
AF-1 271573000
> 271573000 950505.5 823660.49 1774165.99 0
> 0 270749339.5
AV-1 597875000
> 597875000 1292572.53 3183112.34 4475684.87 0
> 0 594691887.7
AV-2 217352000
> 217352000 472499.1 5302095.52 5774594.62 0
> 0 212049904.5
M-1 74750000
> 74750000 212497.64 0 212497.64 0
> 0 74750000
M-2 65000000
> 65000000 270183.33 0 270183.33 0
> 0 65000000
M-3 48750000
> 48750000 284158.33 0 284158.33 0
> 0 48750000
M-4 14950000
> 14950000 91606.13 0 91606.13 0
> 0 14950000
S-1 0
> 0 90000 0 90000 0
> 0 0
S-2 0
> 0 230000 0 230000 0
> 0 0
CE 9749900
> 9749900 3306875.213 0 3306875.213 0
> 100 9750000
P 100
> 100 107835.86 0 107835.86 0
> 0 100
Total 1300000000
> 1300000000 7308733.633 9308868.35 16617601.98 0
> 100 1290691232
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 37573 37615 F-Act/360 0307
>2SDN2 271573000 1000 3.5 3.032924812 6.53
>2924812 996.9670752
AV-1 37573 37615 A-Act/360 0307
>2SDP7 597875000 1000 2.161944437 5.32404322 7.48
>5987656 994.6759568
AV-2 37573 37615 A-Act/360 0307
>2SDM4 217352000 1000 2.173888899 24.39404984 26.5
>6793874 975.6059502
M-1 37573 37615 A-Act/360 0307
>2SDH5 74750000 1000 2.842777793 0 2.84
>2777793 1000
M-2 37573 37615 A-Act/360 0307
>2SDJ1 65000000 1000 4.156666615 0 4.15
>6666615 1000
M-3 37573 37615 A-Act/360 0307
>2SDK8 48750000 1000 5.828888821 0 5.82
>8888821 1000
M-4 37573 37615 A-Act/360 0307
>2SDL6 14950000 1000 6.127500334 0 6.12
>7500334 1000
S-1 37573 37615 A-30/360 0307
>2SDQ5 18000000 1000 5 0
> 5 1000
S-2 37573 37615 A-30/360 0307
>2SDR3 46000000 1000 5 0
> 5 1000
CE 37573 37615 A-30/360
> 9749900 1000 339.1701672 0 339.
>1701672 1000.010257
P 37573 37615 A-30/360
> 100 1000 1078358.6 0 10
>78358.6 1000
> Page 6 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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)
AF-1 271573000 950505.5
> 758824.54 64835.95 823660.49 1774165.99 0
> 0 270749339.5
AV-1 597875000 1292572.53
> 2932547.81 250564.53 3183112.34 4475684.87 0
> 0 594691887.7
AV-2 217352000 472499.1
> 4884731.34 417364.18 5302095.52 5774594.62 0
> 0 212049904.5
M-1 74750000 212497.64
> 0 0 0 212497.64 0
> 0 74750000
M-2 65000000 270183.33
> 0 0 0 270183.33 0
> 0 65000000
M-3 48750000 284158.33
> 0 0 0 284158.33 0
> 0 48750000
M-4 14950000 91606.13
> 0 0 0 91606.13 0
> 0 14950000
S-1 0 90000
> 0 0 0 90000 0
> 0 0
S-2 0 230000
> 0 0 0 230000 0
> 0 0
CE 9749900 3306875.213
> 0 0 0 3306875.213 0
> 100 9750000
P 100 107835.86
> 0 0 0 107835.86 0
> 0 100
Total 1300000000 7308733.633
> 8576103.69 732764.66 9308868.35 16617601.98 0
> 100 1290691232
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 0.042 271573000
> 950505.5 0 0 0 950505.5 9
>50505.5 0
AV-1 0.0181 597875000
> 1292572.53 0 0 0 1292572.53 129
>2572.53 0
AV-2 0.0182 217352000
> 472499.1 0 0 0 472499.1 4
>72499.1 0
M-1 0.0238 74750000
> 212497.64 0 0 0 212497.64 21
>2497.64 0
M-2 0.0348 65000000
> 270183.33 0 0 0 270183.33 27
>0183.33 0
M-3 0.0488 48750000
> 284158.33 0 0 0 284158.33 28
>4158.33 0
M-4 0.0513 14950000
> 91606.13 0 0 0 91606.13 9
>1606.13 0
S-1 0.06 18000000
> 90000 0 0 0 90000
> 90000 0
S-2 0.06 46000000
> 230000 0 0 0 230000
> 230000 0
CE 0.03053 9749900
>3306875.213 0 0 0 3306875.213 3306
>975.213 0
P 100
> 107835.86 0 0 0 107835.86 10
>7835.86 0
Total 1364000000
>7308733.633 0 0 0 7308733.633 7308
>833.633 0
> Page 7 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
SUMMARY GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Principal Collections 5,30
>2,038.56 3,183,078.15 823,651.64 9,308,768.35
Principal Other Accounts 0.00
> 0.00 0.00 0.00
TOTAL NET PRINCIPAL 5,30
>2,038.56 3,183,078.15 823,651.64 9,308,768.35
Interest Collections 1,34
>5,982.71 3,879,751.94 1,630,600.29 6,856,334.94
Interest Withdrawals 0.00
> 0.00 0.00 0.00
Interest Other Accounts 153,
>682.18 410,318.27 270,862.90 942,699.21
Interest Fees (111
>,970.45) (241,701.90) (136,528.16) (490,200.52)
TOTAL NET INTEREST 1,38
>7,694.44 4,048,368.31 1,764,935.03 7,308,833.63
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 6,68
>9,733.00 7,231,446.46 2,588,586.67 16,617,601.98
PRINCIPAL - COLLECTIONS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Scheduled Principal Received 135,
>565.19 354,692.70 242,506.77 732,764.66
Prepayments In Full 5,14
>0,837.64 2,786,341.06 541,520.50 8,468,699.20
Curtailments 25,6
>35.73 42,044.39 39,624.37 107,304.49
Liquidations 0.00
> 0.00 0.00 0.00
Insurance Principal 0.00
> 0.00 0.00 0.00
Repurchased Principal Amounts 0.00
> 0.00 0.00 0.00
Other Principal 0.00
> 0.00 0.00 0.00
Total Realized Loss Of Principal 0.00
> 0.00 0.00 0.00
Delinquent Principal (7,6
>65.35) (148,674.05) (58,672.08) (215,011.48)
Advanced Principal 7,66
>5.35 148,674.05 58,672.08 215,011.48
TOTAL PRINCIPAL COLLECTED 5,30
>2,038.56 3,183,078.15 823,651.64 9,308,768.35
Page 8 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
PRINCIPAL - WITHDRAWALS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
TOTAL OTHER ACCOUNTS PRINCIPAL 0.00
> 0.00 0.00 0.00
INTEREST - COLLECTIONS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Scheduled Interest 1,35
>1,032.27 3,981,122.57 1,659,078.88 6,991,233.72
Liquidation Interest 0.00
> 0.00 0.00 0.00
Repurchased Interest 0.00
> 0.00 0.00 0.00
Insurance Interest 0.00
> 0.00 0.00 0.00
Other Interest 0.00
> 0.00 0.00 0.00
Relief Act Interest Shortfalls 0.00
> 0.00 0.00 0.00
Prepayment Interest Shortfalls (9,9
>06.67) (2,719.36) (2,002.80) (14,628.83)
Compensating Interest 9,90
>6.67 2,719.36 2,002.80 14,628.83
Delinquent Interest (87,
>119.91) (1,800,698.27) (460,059.39) (2,347,877.57)
Interest Advanced 82,0
>70.35 1,699,327.64 431,580.80 2,212,978.79
TOTAL INTEREST COLLECTED 1,34
>5,982.71 3,879,751.94 1,630,600.29 6,856,334.94
Page 9 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Collection Account Report for December 26, 2002 Distribution
Collection Account Report
INTEREST - WITHDRAWALS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Trust Fund Expenses
> 0.00
Nonrecoverable Advances
> 0.00
Reimbursements to Master Servicer
> 0.00
TOTAL INTEREST WITHDRAWALS
> 0.00
INTEREST - OTHER ACCOUNTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Prepayment Charges
> 107,835.86
Master Servicer Prepayment Charges 0.00
> 0.00 0.00 0.00
Capitalized Interest Deposit 153,
>682.18 410,318.27 270,862.90 834,863.35
TOTAL INTEREST OTHER ACCOUNTS 153,
>682.18 410,318.27 270,862.90 942,699.21
INTEREST - FEES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current Servicing Fees 78,2
>82.32 127,852.26 75,641.69 281,776.27
Trustee Fee 266.
>66 346.65 433.13 1,046.45
PMI Fees 33,4
>21.47 113,502.99 60,453.34 207,377.80
TOTAL INTEREST OTHER FEES 111,
>970.45 241,701.90 136,528.16 490,200.52
Page 10 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Credit Enhancement Report for December 26, 2002 Distribution
Credit Enhancement Report
ACCOUNTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Net WAC Rate Carryover Reserve Account
> 1,000.00
Interest Coverage Account Beginning Balance 158,
>986.81 464,822.55 438,006.03 1,061,815.39
Interest Coverage Account Withdrawals (153
>,682.18) (410,318.27) (270,862.90) (834,863.35)
Interest Coverage Account Deposits 39,9
>68.06 114,420.17 51,851.54 206,239.77
Interest Coverage Account Ending Balance 45,2
>72.69 168,924.45 218,994.67 433,191.81
Prefunding Account Beginning Balance 59,9
>93,502.66 165,026,593.63 74,959,776.32 299,979,872.61
Prefunding Account Withdrawals 0.00
> 0.00 0.00 0.00
Prefunding Account Ending Balance 59,9
>93,502.66 165,026,593.63 74,959,776.32 299,979,872.61
INSURANCE GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Overcollateralized Amount
> 9,750,000.00
Overcollateralization Reduction Amount
> 0.00
Overcollateralization Deficiency Amount
> 100.00
Overcollateralization Target Amount
> 9,750,000.00
Excess Overcollateralization Amount
> 0.00
Overcollateralization Increase Amount
> 100.00
Page 11 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
COLLATERAL GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Loan Count:
Original
> 579 3869 1810 6258
Prior
> 0 0 0 0
Prefunding
> 0 0 0 0
Scheduled Paid Offs
> 0 0 0 0
Full Voluntary Prepayments
> -12 -15 -3 -30
Repurchases
> 0 0 0 0
Liquidations
> 0 0 0 0
Current
> 567 3854 1807 6228
Principal Balance:
Original
>199996504.3 550134941.4 249888681.7 1000020127
Prior
> 0 0 0 0
Prefunding
> 0 0 0 0
Scheduled Principal
> -135565.19 -354692.7 -242506.77 -732764.66
Partial and Full Voluntary Prepayments
>-5166473.37 -2828385.45 -581144.87 -8576003.69
Repurchases
> 0 0 0 0
Liquidations
> 0 0 0 0
Current
>194694465.8 546951863.2 249065030 990711359
PREFUNDING GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SPACE INTENTIONALLY LEFT BLANK
Group 1 Group 3
Group 2
Current Prin Balance by Groups (in millions of dollars) Tota
>l Current Principal Balance (in millions of dollars)
Page 12 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
CHARACTERISTICS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Weighted Average Coupon Original
>0.081063353 0.08683955 0.079671262 0.083893116
Weighted Average Coupon Prior
Weighted Average Coupon Current
>0.081063353 0.08683955 0.079671262 0.083893116
Weighted Average Months to Maturity Original
> 356 354 332 348.8622354
Weighted Average Months to Maturity Prior
> 0 0 0 0
Weighted Average Months to Maturity Current
> 356 354 332 348.8622354
Weighted Avg Remaining Amortization Term Original
>356.6591439 353.4509324 331.4759983 348.556907
Weighted Avg Remaining Amortization Term Prior
> 0 0 0 0
Weighted Avg Remaining Amortization Term Current
>356.6591439 353.4509324 331.4759983 348.556907
Weighted Average Seasoning Original
> 2.34498652 2.68192549 2.41141982 2.547705109
Weighted Average Seasoning Prior
> 0 0 0 0
Weighted Average Seasoning Current
> 2.34498652 2.68192549 2.41141982 2.547705109
Note: Original information refers to deal issue.
Group 1 Group 3
Group 2
WAC by Groups Tota
>l WAC
WARAT by Groups Tota
>l WARAT
Note: Dates correspond to distribution dates.
Page 13 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Collateral Report for December 26, 2002 Distribution
Collateral Report
ARM CHARACTERISTICS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Weighted Average Margin Original
> 0.05984365 0.06389597
Weighted Average Margin Prior
Weighted Average Margin Current
> 0.05984365 0.06389597
Weighted Average Max Rate Original
> 0.13263788 0.14683955 0.00018094
Weighted Average Max Rate Prior
Weighted Average Max Rate Current
> 0.13263788 0.14683955 0.00018094
Weighted Average Min Rate Original
> 0.07650455 0.08683955 0.00018094
Weighted Average Min Rate Prior
Weighted Average Min Rate Current
> 0.07650455 0.08683955 0.00018094
Weighted Average Cap Up Original
> 0.00935556 0.01
Weighted Average Cap Up Prior
Weighted Average Cap Up Current
> 0.00935556 0.01
Weighted Average Cap Down Original
> 0.00935556 0.01
Weighted Average Cap Down Prior
Weighted Average Cap Down Current
> 0.00935556 0.01
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current Servicing Fees 78,2
>82.32 127,852.26 75,641.69 281,776.27
Delinquent Servicing Fees 5,04
>9.55 101,370.63 28,478.59 134,898.77
TOTAL SERVICING FEES 83,3
>31.87 229,222.89 104,120.28 416,675.04
Compensating Interest (9,9
>06.67) (2,719.36) (2,002.80) (14,628.83)
Delinquent Servicing Fees (5,0
>49.55) (101,370.63) (28,478.59) (134,898.77)
COLLECTED SERVICING FEES 68,3
>75.65 125,132.90 73,638.89 267,147.44
Aggregate Advances with respect to this Distribution 89,7
>35.70 1,848,001.69 490,252.88 2,427,990.27
Current Nonrecoverable Advances 0.00
> 0.00 0.00 0.00
Cumulative Nonrecoverable Advances 0.00
> 0.00 0.00 0.00
ADDITIONAL COLLATERAL INFORMATION GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Net Prepayment Interest Shortfall 0.00
> 0.00 0.00 0.00
Aggregate Relief Act Shortfalls
> 0.00
Page 14 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Total
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 208226.26 0 0 208226.26
% Balance
>0.000210179 0 0 0.000210179
# Loans
> 2 0 0 2
% # Loans
> 0.00032113 0 0 0.00032113
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 473339.16
> 0 0 0 473339.16
% Balance 0.000477777
> 0 0 0 0.000477777
# Loans 3
> 0 0 0 3
% # Loans 0.000481696
> 0 0 0 0.000481696
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 473339.16
> 208226.26 0 0 681565.42
% Balance 0.000477777
>0.000210179 0 0 0.000687956
# Loans 3
> 2 0 0 5
% # Loans 0.000481696
> 0.00032113 0 0 0.000802826
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 15 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Group 1 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 111718.63 0 0 111718.63
% Balance
>0.000448552 0 0 0.000448552
# Loans
> 1 0 0 1
% # Loans
>0.000553403 0 0 0.000553403
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
> 111718.63 0 0 111718.63
% Balance 0
>0.000448552 0 0 0.000448552
# Loans 0
> 1 0 0 1
% # Loans 0
>0.000553403 0 0 0.000553403
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 16 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Group 2 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 96507.63 0 0 96507.63
% Balance
>0.000176446 0 0 0.000176446
# Loans
> 1 0 0 1
% # Loans
>0.000259471 0 0 0.000259471
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 473339.16
> 0 0 0 473339.16
% Balance 0.000865413
> 0 0 0 0.000865413
# Loans 3
> 0 0 0 3
% # Loans 0.000778412
> 0 0 0 0.000778412
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 473339.16
> 96507.63 0 0 569846.79
% Balance 0.000865413
>0.000176446 0 0 0.001041859
# Loans 3
> 1 0 0 4
% # Loans 0.000778412
>0.000259471 0 0 0.001037883
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 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Delinquency Report for December 26, 2002 Distribution
Delinquency Report - Group 3 Group
CURRENT 1 PA
>YMENT 2 PAYMTS 3+ PAYMTS TOTAL
DELINQUENT Balance
> 0 0 0 0
% Balance
> 0 0 0 0
# Loans
> 0 0 0 0
% # Loans
> 0 0 0 0
FORECLOSURE Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
BANKRUPTCY Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
REO Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
TOTAL Balance 0
> 0 0 0 0
% Balance 0
> 0 0 0 0
# Loans 0
> 0 0 0 0
% # Loans 0
> 0 0 0 0
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Pay
>ments = 90+
> 6 Months Moving Average
1 or 2 Payments Delinquent 3 or
> More Payments Delinquent
Total Foreclosure Tota
>l Bankruptcy and REO
Note: Dates correspond to distribution dates.
Page 18 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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
>= Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00 Loan Group 2
> = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00 Loan Group 3
> = Group 3 Group; REO Book Value = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that be
>come REO during current distribution.
Loan Number Original Stated Curr
>ent State &
& Principal Principal Paid to Note
> LTV at Original Origination
Loan Group Balance Balance Date Rate
> Origination Term Date
SPACE INTENTIONALLY LEFT BLANK
Page 19 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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 = 0 Loan Group 1
>= Group 1 Group
Total Original Principal Balance = 000.00 Loan Group 2
> = Group 2 Group
Total Current Balance = 000.00 Loan Group 3
> = Group 3 Group
Loan Number Original Stated Curr
>ent State &
& Principal Principal Paid to Note
> LTV at Original Origination
Loan Group Balance Balance Date Rate
> Origination Term Date
SPACE INTENTIONALLY LEFT BLANK
Page 20 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current
Number of Paid in Full Loans
> 12 15 3 30
Number of Repurchased Loans
> 0 0 0 0
Total Number of Loans Prepaid in Full
> 12 15 3 30
Paid in Full Balance
> 5140837.64 2786341.06 541520.5 8468699.2
Repurchased Loans Balance
> 0 0 0 0
Curtailments Amount
> 25635.73 42044.39 39624.37 107304.49
Total Prepayment Amount
> 5166473.37 2828385.45 581144.87 8576003.69
Cumulative
Number of Paid in Full Loans
> 12 15 3 30
Number of Repurchased Loans
> 0 0 0 0
Total Number of Loans Prepaid in Full
> 12 15 3 30
Paid in Full Balance
> 5140837.64 2786341.06 541520.5 8468699.2
Repurchased Loans Balance
> 0 0 0 0
Curtailments Amount
> 25635.73 42044.39 39624.37 107304.49
Total Prepayment Amount
> 5166473.37 2828385.45 581144.87 8576003.69
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars) Tota
>l Prepayments (in thousands of dollars)
Page 21 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
SMM
>0.025850341 0.005144575 0.002327874 0.00858212
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off
>0.025850341 0.005144575 0.002327874 0.00858212
CPR
>0.269688405 0.060017707 0.027579596 0.098260765
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off
>0.269688405 0.060017707 0.027579596 0.098260765
PSA
>57.50318885 11.18929418 5.718538954 19.28417156
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation
>57.50318885 11.18929418 5.718538954 19.28417156
Group 1 Group 3
Group 2
CPR by Groups Tota
>l CPR
PSA by Groups Tota
>l PSA
Page 22 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Prepayment Report for December 26, 2002 Distribution
Prepayment Report - Voluntary Prepayments
Group 1 Group 3
Group 2
CPR Avg since Cut-Off by Groups Tota
>l CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups Tota
>l PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full p
>repayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn
>,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (Avg
>CPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and
>mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,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 23 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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 = 30
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 8,479,879.00
> Loan Group 2 = Group 2 Group
Total Prepayment Amount = 8,468,699.20
> Loan Group 3 = Group 3 Group
Loan Number Original
> Current State & Type Prepayment
& Loan Principal Prepayment Prep
>ayment Note LTV at & Origination
Loan Group Status Balance Amount Date
> Rate Origination Original Term Date
38477295 1 166500 166242.27
> 37574 0.0825TX - 9000.00%Paid Off - 36 37523
38520722 1 250000 249871.37
> 37574 0.125CA - 6250.00%Paid Off - 36 37498
38776605 1 125500 125406.86
> 37586 0.075MA - 5229.20%Paid Off - 36 37516
36105328 2 155200 154968.86
> 37599 0.11909CO - 8000.00%Paid Off - 36 37404
36996718 2 196000 195881.25
> 37580 0.085NJ - 6030.80%Paid Off - 36 37518
37158870 2 147500 147243.53
> 37589 0.0875CT - 7375.00%Paid Off - 36 37468
37541968 2 162000 160627.01
> 37594 0.085MA - 7200.00%Paid Off - 18 37467
37696234 2 282750 282619.48
> 37587 0.098NY - 6500.00%Paid Off - 36 37509
37726205 2 225000 224752.3
> 37600 0.0975CA - 6000.00%Paid Off - 36 37495
37842911 2 183000 182879.85
> 37589 0.114IL - 8714.30%Paid Off - 36 37497
38091641 2 289500 289090.02
> 37590 0.0775MA - 7461.30%Paid Off - 36 37499
38122842 2 180000 179802.56
> 37579 0.08999MA - 7826.10%Paid Off - 36 37498
38186292 2 80550 80502.2
> 37593 0.086MI - 9000.00%Paid Off - 36 37504
38265393 2 153000 152890.14
> 37579 0.1099CO - 8500.00%Paid Off - 36 37495
38331187 2 209930 209611.12
> 37591 0.074NY - 7000.00%Paid Off - 36 37498
38332524 2 206400 206284.28
> 37582 0.08875MA - 8000.00%Paid Off - 36 37504
38353165 2 149500 149323.74
> 37574 0.0865MA - 6500.00%Paid Off - 36 37496
38531281 2 170000 169864.72
> 37587 0.0715MA - 7391.30%Paid Off - 36 37515
36637031 3 397000 395868.29
> 37573 0.0775CA - 6476.30%Paid Off - 36 37425
37010592 3 348800 348225.37
> 37596 0.0699CA - 8000.00%Paid Off - 36 37480
37190675 3 486000 485197.44
> 37587 0.08999CA - 6992.80%Paid Off - 36 37459
37343464 3 500000 499174.3
> 37573 0.08999CA - 7518.80%Paid Off - 36 37467
37455748 3 499999 499677.89
> 37575 0.115CA - 7407.40%Paid Off - 36 37483
37470184 3 500000 499294.45
> 37578 0.0975WA - 8000.00%Paid Off - 36 37468
37593365 3 347750 347382.66
> 37579 0.111NY - 6500.00%Paid Off - 36 37467
37661477 3 313000 312146.5
> 37585 0.065CA - 6173.60%Paid Off - 36 37468
37981420 3 340000 339551.39
> 37594 0.081CA - 8500.00%Paid Off - 36 37505
38398996 3 420000 419715.63
> 37593 0.11259CA - 5419.40%Paid Off - 36 37498
38592499 3 500000 499903.6
> 37595 0.1375CA - 5882.40%Paid Off - 36 37529
38656427 3 495000 494700.12
> 37581 0.085CA - 9000.00%Paid Off - 36 37517
Page
> 24 of 29 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Current
Number of Loans Liquidated
> 0 0 0 0
Collateral Realized Loss/(Gain) Amount
> 0 0 0 0
Net Liquidation Proceeds
> 0 0 0 0
Cumulative
Number of Loans Liquidated
> 0 0 0 0
Collateral Realized Loss/(Gain) Amount
> 0 0 0 0
Net Liquidation Proceeds
> 0 0 0 0
Note: Collateral realized losses may include adjustments to loan
>s liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
Group 1 Group 3
> 3 Months Moving Average
Group 2
Collateral Loss Severity Approximation by Groups Coll
>ateral Loss Severity Approximation
Page 25 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
DEFAULT SPEEDS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
MDR
> 0 0 0 0
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off
> 0 0 0 0
CDR
> 0 0 0 0
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off
> 0 0 0 0
SDA
> 0 0 0 0
3 Months Avg SDA Approximation
12 Months Avg SDA Approximation
Avg SDA Since Cut-off Approximation
> 0 0 0 0
Loss Severity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
Group 1 Group 3
Group 2
CDR by Groups Tota
>l CDR
SDA by Groups Tota
>l SDA
Page 26 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Realized Loss Report for December 26, 2002 Distribution
Realized Loss Report - Collateral
Group 1 Group 3
Group 2
CDR Avg since Cut-Off by Groups Tota
>l CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups Tota
>l SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquida
>ted Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.
>02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn
>,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (Avg
>CDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and
>mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX
>(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of 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 27 of 29
> COPYRIGHT 2002 Deutsche Bank
Ameriquest Mortgage Securities Inc. 2002-4
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 = 0
> Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00
> Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
> Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Loan Number Original Prior
> Current State &
& Loan Principal Principal Real
>ized Note LTV at Original Origination
Loan Group Status Balance Balance Loss
>/(Gain) Rate Origination Term Date
SPACE INTENTIONALLY LEFT BLANK
Page
> 28 of 29 COPYRIGHT 2002 Deutsc
>he Bank
Ameriquest Mortgage Securities Inc. 2002-4
Asset Backed Certificates
Triggers, Adj. Rate Cert. and Miscellaneous Report for December
>26, 2002 Distribution
Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Trigger Event in effect
> No
Stepdown Date has occurred
> No
Balances 60+ days
> 473,339.16
Ending Balance
> 990,711,359.04
Delinquency Percentage
> 0.05%
Balance of Mezzanine and C Class
> 213,200,000.00
Ending Balance
> 990,711,359.04
Credit Enhancement Percentage
> 21.52%
ADJUSTABLE RATE CERTIFICATE INFORMATION GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Net WAC Rate Carryover Amt: Class A
> 0.00
Net WAC Rate Carryover Amt: Class M-1
> 0.00
Net WAC Rate Carryover Amt: Class M-2
> 0.00
Net WAC Rate Carryover Amt: Class M-3
> 0.00
Net WAC Rate Carryover Amt: Class M-4
> 0.00
Net WAC Rate Carryover Amt: Class A unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-1 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-2 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-3 unpaid
> 0.00
Net WAC Rate Carryover Amt: Class M-4 unpaid
> 0.00
ADDITIONAL INFORMATION GROU
>P 3 GROUP 2 GROUP 1 TOTAL
Libor for Current Period
> 1.380000%
Current Period loan level losses
> 0.00
Current Recoveries or Losses from Prior periods
> 0.00
Total Current Losses
> 0.00
Class AV-1 Next Pass-Through Rate
> 1.850000%
Class AV-2 Next Pass-Through Rate
> 1.860000%
Class M-1 Next Pass-Through Rate
> 2.420000%
Class M-2 Next Pass-Through Rate
> 3.520000%
Class M-3 Next Pass-Through Rate
> 4.920000%
Class M-4 Next Pass-Through Rate
> 5.170000%
Page 29 of 29
> COPYRIGHT 2002 Deutsche Bank