Ameriquest Mortgage Securities INC.
Mortgage Pass-Through Certificates
Record Date: 07/31/2000
Distribution Date: 08/15/2000
AMQ Series: 2000-2
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A 03072SAG0 SEN 6.92625% 522,676,514.58 2,916,262.72 3,874,471.49
M-1 03072SAH8 MEZ 7.27625% 54,037,500.00 316,736.68 0.00
M-2 03072SAJ4 MEZ 7.67625% 29,475,000.00 182,262.96 0.00
M-3 03072SAK1 MEZ 9.02825% 31,112,500.00 226,273.65 0.00
R-I AMQ0001R1 SEN 0.00000% 0.00 0.00 0.00
R-II AMQ0001R2 SEN 0.00000% 0.00 0.00 0.00
R-III AMQ0001R3 SEN 0.00000% 0.00 0.00 0.00
P AMQ00001P SEN 0.00000% 100.00 50,436.22 0.00
CE AMQ0001CE SUB 0.00000% 16,374,900.00 1,719,881.64 0.00
Totals 653,676,514.58 5,411,853.87 3,874,471.49
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A 0.00 518,802,043.09 6,790,734.21 0.00
M-1 0.00 54,037,500.00 316,736.68 0.00
M-2 0.00 29,475,000.00 182,262.96 0.00
M-3 0.00 31,112,500.00 226,273.65 0.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00
P 0.00 100.00 50,436.22 0.00
CE 0.00 16,374,900.00 1,719,881.64 0.00
Totals 0.00 649,802,043.09 9,286,325.36 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
A 524,000,000.00 522,676,514.58 338,439.38 3,536,032.11 0.00 0.00
M-1 54,037,000.00 54,037,500.00 0.00 0.00 0.00 0.00
M-2 29,475,000.00 29,475,000.00 0.00 0.00 0.00 0.00
M-3 31,112,500.00 31,112,500.00 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 16,375,400.00 16,374,900.00 0.00 0.00 0.00 0.00
Totals 655,000,000.00 653,676,514.58 338,439.38 3,536,032.11 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
A 3,874,471.49 518,802,043.09 0.99008023 3,874,471.49
M-1 0.00 54,037,500.00 1.00000925 0.00
M-2 0.00 29,475,000.00 1.00000000 0.00
M-3 0.00 31,112,500.00 1.00000000 0.00
R-I 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
R-III 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE 0.00 16,374,900.00 0.99996947 0.00
Totals 3,874,471.49 649,802,043.09 0.99206419 3,874,471.49
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A 524,000,000.00 997.47426447 0.64587668 6.74815288 0.00000000
M-1 54,037,000.00 1000.00925292 0.00000000 0.00000000 0.00000000
M-2 29,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 31,112,500.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 16,375,400.00 999.96946639 0.00000000 0.00000000 0.00000000
<FN>
All denominations are Per $1000.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
A 0.00000000 7.39402956 990.08023490 0.99008023 7.39402956
M-1 0.00000000 0.00000000 1,000.00925292 1.00000925 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.96946639 0.99996947 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
A 524,000,000.00 6.92625% 522,676,514.58 2,916,262.72 0.00 0.00
M-1 54,037,000.00 7.27625% 54,037,500.00 316,736.68 0.00 0.00
M-2 29,475,000.00 7.67625% 29,475,000.00 182,262.96 0.00 0.00
M-3 31,112,500.00 9.02825% 31,112,500.00 226,273.65 0.00 0.00
R-I 0.00 0.00000% 0.00 0.00 0.00 0.00
R-II 0.00 0.00000% 0.00 0.00 0.00 0.00
R-III 0.00 0.00000% 0.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE 16,375,400.00 0.00000% 16,374,900.00 0.00 0.00 0.00
Totals 655,000,000.00 3,641,536.01 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
A 0.00 0.00 2,916,262.72 0.00 518,802,043.09
M-1 0.00 0.00 316,736.68 0.00 54,037,500.00
M-2 0.00 0.00 182,262.96 0.00 29,475,000.00
M-3 0.00 0.00 226,273.65 0.00 31,112,500.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 50,436.22 0.00 100.00
CE 0.00 0.00 1,719,881.64 0.00 16,374,900.00
Totals 0.00 0.00 5,411,853.87 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
A 524,000,000.00 6.92625% 997.47426447 5.56538687 0.00000000 0.00000000
M-1 54,037,000.00 7.27625% 1000.00925292 5.86147788 0.00000000 0.00000000
M-2 29,475,000.00 7.67625% 1000.00000000 6.18364580 0.00000000 0.00000000
M-3 31,112,500.00 9.02825% 1000.00000000 7.27275693 0.00000000 0.00000000
R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE 16,375,400.00 0.00000% 999.96946639 0.00000000 0.00000000 0.00000000
<FN>
All denominations are Per $1000.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
A 0.00000000 0.00000000 5.56538687 0.00000000 990.08023490
M-1 0.00000000 0.00000000 5.86147788 0.00000000 1000.00925292
M-2 0.00000000 0.00000000 6.18364580 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 7.27275693 0.00000000 1000.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 504362.20000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 105.02837427 0.00000000 999.96946639
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 9,509,857.59
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 51,573.37
Realized Losses 0.00
Total Deposits 9,561,430.96
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 275,105.60
Payment of Interest and Principal 9,286,325.36
Total Withdrawals (Pool Distribution Amount) 9,561,430.96
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 272,365.61
Trustee Fee - Wells Fargo Bank 1,906.66
Verification Fee - Wells Fargo Bank 833.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 275,105.60
CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 50 4 2 0 56
4,062,636.99 408,670.15 86,530.39 0.00 4,557,837.53
60 Days 5 0 2 0 7
807,284.93 0.00 159,982.60 0.00 967,267.53
90 Days 3 0 0 0 3
156,877.96 0.00 0.00 0.00 156,877.96
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 58 4 4 0 66
5,026,799.88 408,670.15 246,512.99 0.00 5,681,983.02
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 0.754945% 0.060396% 0.030198% 0.000000% 0.845538%
0.625211% 0.062891% 0.013316% 0.000000% 0.701419%
60 Days 0.075494% 0.000000% 0.030198% 0.000000% 0.105692%
0.124236% 0.000000% 0.024620% 0.000000% 0.148856%
90 Days 0.045297% 0.000000% 0.000000% 0.000000% 0.045297%
0.024142% 0.000000% 0.000000% 0.000000% 0.024142%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.875736% 0.060396% 0.060396% 0.000000% 0.996527%
0.773589% 0.062891% 0.037937% 0.000000% 0.874418%
<FN>
Delinquincies are stratified according to the information the Servicer has provided.
All 90 days include 90+ delinquent loans.
</FN>
OTHER INFORMATION
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 51,573.37
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 10.347383%
Weighted Average Net Coupon 9.847382%
Weighted Average Pass-Through Rate 9.843882%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 5,150
Number Of Loans Paid In Full (1,473)
Ending Scheduled Collateral Loan Count 6,623
Beginning Scheduled Collateral Balance 499,003,491.13
Ending Scheduled Collateral Balance 649,802,043.09
Ending Actual Collateral Balance at 31-Jul-2000 649,802,043.09
Monthly P &I Constant 5,974,961.63
Ending Scheduled Balance for Premium Loans 649,802,043.09
Scheduled Principal 338,439.38
Unscheduled Principal 3,536,032.11
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 16,374,900.00
Overcollateralized Amount 0.00
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 16,374,900.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,720,714.97