Ameriquest Mortgage Securities INC.
Floating Rate Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/15/2000
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 6.92000% 499,075,411.48 2,878,001.54 7,087,822.41
M-1 03072SAH8 MEZ 7.27000% 54,037,500.00 327,377.19 0.00
M-2 03072SAJ4 MEZ 7.67000% 29,475,000.00 188,394.38 0.00
M-3 03072SAK1 MEZ 9.02200% 31,112,500.00 233,914.15 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% 100.00 165,700.33 0.00
CE AMQ0001CE SUB 0.00000% 16,374,900.00 1,534,827.30 0.00
Totals 630,075,411.48 5,328,214.89 7,087,822.41
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A 0.00 491,987,589.07 9,965,823.95 0.00
M-1 0.00 54,037,500.00 327,377.19 0.00
M-2 0.00 29,475,000.00 188,394.38 0.00
M-3 0.00 31,112,500.00 233,914.15 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 0.00 100.00 165,700.33 0.00
CE 0.00 16,374,900.00 1,534,827.30 0.00
Totals 0.00 622,987,589.07 12,416,037.30 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 524,000,000.00 499,075,411.48 340,933.98 6,746,888.43 0.00 0.00
M-1 54,037,500.00 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 16,374,900.00 16,374,900.00 0.00 0.00 0.00 0.00
Totals 655,000,000.00 630,075,411.48 340,933.98 6,746,888.43 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 7,087,822.41 491,987,589.07 0.93890761 7,087,822.41
M-1 0.00 54,037,500.00 1.00000000 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 1.00000000 0.00
Totals 7,087,822.41 622,987,589.07 0.95112609 7,087,822.41
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A 524,000,000.00 952.43399137 0.65063737 12.87574128 0.00000000
M-1 54,037,500.00 1000.00000000 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 16,374,900.00 1000.00000000 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 13.52637865 938.90761273 0.93890761 13.52637865
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 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 1,000.00000000 1.00000000 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 6.92000% 499,075,411.48 2,878,001.54 0.00 0.00
M-1 54,037,500.00 7.27000% 54,037,500.00 327,377.19 0.00 0.00
M-2 29,475,000.00 7.67000% 29,475,000.00 188,394.38 0.00 0.00
M-3 31,112,500.00 9.02200% 31,112,500.00 233,914.15 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 16,374,900.00 0.00000% 16,374,900.00 0.00 0.00 0.00
Totals 655,000,000.00 3,627,687.26 0.00 0.00
Interest Distribution Statement (continued)
Payment of Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
A 0.00 0.00 2,878,001.54 0.00 491,987,589.07
M-1 0.00 0.00 327,377.19 0.00 54,037,500.00
M-2 0.00 0.00 188,394.38 0.00 29,475,000.00
M-3 0.00 0.00 233,914.15 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 0.00 165,700.33 0.00 100.00
CE 0.00 0.00 1,534,827.30 0.00 16,374,900.00
Totals 0.00 0.00 5,328,214.89 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 6.92000% 952.43399137 5.49236935 0.00000000 0.00000000
M-1 54,037,500.00 7.27000% 1000.00000000 6.05833338 0.00000000 0.00000000
M-2 29,475,000.00 7.67000% 1000.00000000 6.39166684 0.00000000 0.00000000
M-3 31,112,500.00 9.02200% 1000.00000000 7.51833347 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 16,374,900.00 0.00000% 1000.00000000 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 5.49236935 0.00000000 938.90761273
M-1 0.00000000 0.00000000 6.05833338 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.39166684 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 7.51833347 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 57003.30000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 93.73048385 0.00000000 1000.00000000
<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 Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
SUB 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 12,310,209.57
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 371,030.37
Realized Losses 0.00
Total Deposits 12,681,239.94
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 265,202.64
Payment of Interest and Principal 12,416,037.30
Total Withdrawals (Pool Distribution Amount) 12,681,239.94
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 262,531.83
Trustee Fee - Wells Fargo Bank 1,837.48
Verification Fee - Wells Fargo Bank 833.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 265,202.64
LOAN STATUS STRATIFICATION/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
0-29 Days 14 2 0 16
1,406,820.49 101,238.58 0.00 1,508,059.07
30 Days 165 4 0 0 169
15,309,860.47 309,922.39 0.00 0.00 15,619,782.86
60 Days 90 2 17 0 109
7,121,589.42 78,520.73 1,414,929.53 0.00 8,615,039.68
90 Days 18 6 50 0 74
1,714,784.14 340,377.50 3,879,383.88 0.00 5,934,545.52
120 Days 4 7 48 0 59
278,394.14 577,321.91 4,875,521.94 0.00 5,731,237.99
150 Days 5 3 25 1 34
526,729.51 305,033.73 1,715,854.05 64,671.07 2,612,288.36
180+ Days 0 0 3 1 4
0.00 0.00 220,854.19 163,665.27 384,519.46
Totals 282 36 145 2 465
24,951,357.68 3,017,996.75 12,207,782.17 228,336.34 40,405,472.94
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
0-29 Days 0.218955% 0.031279% 0.000000% 0.250235%
0.225818% 0.016250% 0.000000% 0.242069%
30 Days 2.580544% 0.062559% 0.000000% 0.000000% 2.643103%
2.457490% 0.049748% 0.000000% 0.000000% 2.507238%
60 Days 1.407570% 0.031279% 0.265874% 0.000000% 1.704723%
1.143135% 0.012604% 0.227120% 0.000000% 1.382859%
90 Days 0.281514% 0.093838% 0.781983% 0.000000% 1.157335%
0.275252% 0.054636% 0.622706% 0.000000% 0.952595%
120 Days 0.062559% 0.109478% 0.750704% 0.000000% 0.922740%
0.044687% 0.092670% 0.782603% 0.000000% 0.919960%
150 Days 0.078198% 0.046919% 0.390992% 0.015640% 0.531749%
0.084549% 0.048963% 0.275423% 0.010381% 0.419316%
180+ Days 0.000000% 0.000000% 0.046919% 0.015640% 0.062559%
0.000000% 0.000000% 0.035451% 0.026271% 0.061722%
Totals 4.410385% 0.563028% 2.267751% 0.031279% 7.272443%
4.005113% 0.484439% 1.959555% 0.036652% 6.485759%
<FN>
Deliquencies are stratified according to the information the Servicer has provided. All 90 day deliquencies reported are
90+ day deliquencies.
</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 371,030.37
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 10.337271%
Weighted Average Net Coupon 9.837270%
Weighted Average Pass-Through Rate 9.833771%
Weighted Average Maturity (Stepdown Calculation) 344
Beginning Scheduled Collateral Loan Count 6,459
Number Of Loans Paid In Full 65
Ending Scheduled Collateral Loan Count 6,394
Beginning Scheduled Collateral Balance 630,075,411.48
Ending Scheduled Collateral Balance 622,987,589.07
Ending Actual Collateral Balance at 30-Nov-2000 622,987,589.07
Monthly P & I Constant 5,934,351.34
Ending Scheduled Balance for Premium Loans 622,987,589.07
Scheduled Principal 340,933.98
Unscheduled Principal 6,746,888.43
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 1,535,660.63