Exhibit 99.1

             ANNUAL STATEMENT OF COMPLIANCE PURSUANT TO SECTION 3.19

                        Asset Backed Funding Corporation
                               ABFC 2005-AQ1 Trust
             Asset-Backed Pass-Through Certificates, Series 2005-AQ1

      I, John P. Grazer, hereby certify that I am a duly appointed Executive
Vice President of Ameriquest Mortgage Company (the "Servicer"), and further
certify as follows:

      1. This certification is being made pursuant to the terms of the Pooling
and Servicing Agreement, dated as of June 1, 2005 (the "Agreement"), among Asset
Backed Funding Corporation, as depositor, the Servicer and Deutsche Bank
National Trust Company, as trustee.

      2. I have reviewed the activities of the Servicer during the preceding
year and the Servicer's performance under the Agreement and to the best of my
knowledge, based on such review, the Servicer has fulfilled all of its
obligations under the Agreement throughout the year.

      Capitalized terms not otherwise defined herein have the meanings set forth
in the Agreement.



      IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
3/14/06.

By: /s/ John P. Grazer
    ------------------
Name: John P. Grazer
Title: EVP

      I, Denise Apicella, an Assistant Secretary of the Servicer, hereby certify
that John P. Grazer is a duly elected, qualified, and acting Executive Vice
President of the Servicer and that the signature appearing above is his genuine
signature.

      IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
3/14/06.

By: /s/ Denise Apicella
    -------------------
Name: Denise Apicella
Title: Asst. Secretary