SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

Current Report Pursuant To Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 25, 2002

AMERIQUEST MORTGAGE SECURITIES INC.

(as depositor, Ameriquest Mortgage Company, in its capacity as

originator and Master Servicer, U.S. Bank National Association

as Trustee, and Bankers Trust Company of California, N.A., as

Trust Administrator).

AMERIQUEST MORTGAGE SECURITIES INC. AS-BK PS-TH CT SR 2002-1

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-77012-01 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

April 25, 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,

formerly known as Bankers Trust Company

of California, N.A., 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 March 1, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of April 25, 2002.


	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates


	April 25, 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				18
			8.	Foreclosure Report				19
			9.	Prepayment Report				20
			10.	Prepayment Detail Report				23
			11.	Realized Loss Report				24
			12.	Realized Loss Detail Report				27
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				28




				Total Number of Pages				28




			CONTACTS

				Administrator: Valerie M Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www-apps.gis.deutsche-bank.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, 2002
	Certificate Insurer(s):							Closing Date: March 21, 2002
								First Payment Date: April 25, 2002
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer


								Distribution Date: April 25, 2002
	Underwriter(s):		Salomon Brothers Inc. Underwriter					Record Date: March 29, 2002





						Page 1 of 28					© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates
	REMIC I
	Certificate Payment Report for April 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

LT1A		586,068,791.13			586,068,791.13	4,034,710.35	928,289.50	4,962,999.85	-	-	585,140,501.63
LT1B		90,000,000.00			90,000,000.00	619,592.68	-	619,592.68	-	-	90,000,000.00
LT1C		223,931,108.87			223,931,108.87	628,180.21	5,608,644.58	6,236,824.79	-	-	218,322,464.29
LT1P		100.00			100.00	29,368.19	-	29,368.19	-	-	100.00
LT1R		-			-	-	-	-	-	-	-


Total		900,000,000.00			900,000,000.00	5,311,851.43	6,536,934.08	11,848,785.51	-	-	893,463,065.92


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

LT1A				F-30/360		586,068,791.13	1,000.000000	6.884363	1.583926	8.468289	998.416074
LT1B				F-30/360		90,000,000.00	1,000.000000	6.884363	-	6.884363	1,000.000000
LT1C				F-30/360		223,931,108.87	1,000.000000	2.805239	25.046295	27.851534	974.953705
LT1P				F-30/360		100.00	1,000.000000	293,681.900000	-	293,681.900000	1,000.000000
LT1R				A-Act/360		-	-	-	-	-	-


							Page 2 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates
	REMIC I
	Certificate Payment Report for April 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

LT1A	586,068,791.13		4,034,710.35		-	928,289.50	928,289.50	4,962,999.85	-	-	585,140,501.63
LT1B	90,000,000.00		619,592.68		-	-	-	619,592.68	-	-	90,000,000.00
LT1C	223,931,108.87		628,180.21		-	5,608,644.58	5,608,644.58	6,236,824.79	-	-	218,322,464.29
LT1P	100.00		29,368.19		-	-	-	29,368.19	-	-	100.00
LT1R	-		-		-	-	-	-	-	-	-


Total	900,000,000.00		5,311,851.43		-	6,536,934.08	6,536,934.08	11,848,785.51	-	-	893,463,065.92


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

LT1A	8.26124%	586,068,791.13			4,699,083.71	-	-	-	4,034,710.35	4,034,710.35	-
LT1B	8.26124%	90,000,000.00			4,528.60	-	-	-	619,592.68	619,592.68	-
LT1C	3.36629%	223,931,108.87			1,598.33	-	-	-	628,180.21	628,180.21	-
LT1P	8.26124%	100.00			2,663.88	-	-	-	29,368.19	29,368.19	-
LT1R		-			1,225.38	-	-	-	-	-	-


Total		900,000,000.00			4,709,099.90	-	-	-	5,311,851.43	5,311,851.43	-


							Page 3 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for April 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

II-LTAA		881,999,900.00			881,999,900.00	4,699,083.71	6,406,195.40	11,105,279.11	-	-	875,593,704.60
II-LTAF1		850,000.00			850,000.00	4,528.60	9,282.90	13,811.50	-	-	840,717.11
II-LTAF2		300,000.00			300,000.00	1,598.33	-	1,598.33	-	-	300,000.00
II-LTAF3		500,000.00			500,000.00	2,663.88	-	2,663.88	-	-	500,000.00
II-LTAF4		230,000.00			230,000.00	1,225.38	-	1,225.38	-	-	230,000.00
II-LTAF5		325,020.00			325,020.00	1,731.63	-	1,731.63	-	-	325,020.00
II-LTAF6		300,000.00			300,000.00	1,598.33	-	1,598.33	-	-	300,000.00
II-LTAV		5,054,980.00			5,054,980.00	26,931.72	56,086.45	83,018.17	-	-	4,998,893.55
II-LTM1		450,000.00			450,000.00	2,397.49	-	2,397.49	-	-	450,000.00
II-LTM2		450,000.00			450,000.00	2,397.49	-	2,397.49	-	-	450,000.00
II-LTM3		360,000.00			360,000.00	1,917.99	-	1,917.99	-	-	360,000.00
II-LTM4		67,500.00			67,500.00	359.62	-	359.62	-	-	67,500.00
II-LTZZ		9,112,500.00			9,112,500.00	48,549.21	65,369.34	113,918.55	-	-	9,047,130.66
II-LTS		-			-	487,500.00	-	487,500.00	-	-	-
II-LTP		100.00			100.00	29,368.03	-	29,368.03	-	-	100.00
R-2		-			-	-	-	-	-	-	-


Total		900,000,000.00			900,000,000.00	5,311,851.41	6,536,934.08	11,848,785.49	-	-	893,463,065.92


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

II-LTAA				A-30/360		881,999,900.00	1,000.000000	5.327760	7.263261	12.591021	992.736739
II-LTAF1				F-30/360		850,000.00	1,000.000000	5.327765	10.921053	16.248818	989.078953
II-LTAF2				F-30/360		300,000.00	1,000.000000	5.327767	-	5.327767	1,000.000000
II-LTAF3				F-30/360		500,000.00	1,000.000000	5.327760	-	5.327760	1,000.000000
II-LTAF4				F-30/360		230,000.00	1,000.000000	5.327739	-	5.327739	1,000.000000
II-LTAF5				F-30/360		325,020.00	1,000.000000	5.327764	-	5.327764	1,000.000000
II-LTAF6				F-30/360		300,000.00	1,000.000000	5.327767	-	5.327767	1,000.000000
II-LTAV				F-30/360		5,054,980.00	1,000.000000	5.327760	11.095285	16.423045	988.904714
II-LTM1				F-30/360		450,000.00	1,000.000000	5.327756	-	5.327756	1,000.000000
II-LTM2				F-30/360		450,000.00	1,000.000000	5.327756	-	5.327756	1,000.000000
II-LTM3				F-30/360		360,000.00	1,000.000000	5.327750	-	5.327750	1,000.000000
II-LTM4				F-30/360		67,500.00	1,000.000000	5.327704	-	5.327704	1,000.000000
II-LTZZ				A-Act/360		9,112,500.00	1,000.000000	5.327760	7.173590	12.501350	992.826410
II-LTS				A-Act/360		-	-	-	-	-	-
II-LTP				A-Act/360		100.00	1,000.000000	293,680.300000	-	293,680.300000	1,000.000000
R-2				A-30/360		-	-	-	-	-	-


							Page 4 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for April 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

II-LTAA	881,999,900.00		4,699,083.71		-	6,406,195.40	6,406,195.40	11,105,279.11	-	-	875,593,704.60
II-LTAF1	850,000.00		4,528.60		-	9,282.90	9,282.90	13,811.50	-	-	840,717.11
II-LTAF2	300,000.00		1,598.33		-	-	-	1,598.33	-	-	300,000.00
II-LTAF3	500,000.00		2,663.88		-	-	-	2,663.88	-	-	500,000.00
II-LTAF4	230,000.00		1,225.38		-	-	-	1,225.38	-	-	230,000.00
II-LTAF5	325,020.00		1,731.63		-	-	-	1,731.63	-	-	325,020.00
II-LTAF6	300,000.00		1,598.33		-	-	-	1,598.33	-	-	300,000.00
II-LTAV	5,054,980.00		26,931.72		-	56,086.45	56,086.45	83,018.17	-	-	4,998,893.55
II-LTM1	450,000.00		2,397.49		-	-	-	2,397.49	-	-	450,000.00
II-LTM2	450,000.00		2,397.49		-	-	-	2,397.49	-	-	450,000.00
II-LTM3	360,000.00		1,917.99		-	-	-	1,917.99	-	-	360,000.00
II-LTM4	67,500.00		359.62		-	-	-	359.62	-	-	67,500.00
II-LTZZ	9,112,500.00		48,549.21		-	65,369.34	65,369.34	113,918.55	-	-	9,047,130.66
II-LTS	-		487,500.00		-	-	-	487,500.00	-	-	-
II-LTP	100.00		29,368.03		-	-	-	29,368.03	-	-	100.00
R-2	-		-		-	-	-	-	-	-	-


Total	900,000,000.00		5,311,851.41		-	6,536,934.08	6,536,934.08	11,848,785.49	-	-	893,463,065.92


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

II-LTAA	6.39331%	881,999,900.00			1,731.63	-	-	-	4,699,083.71	4,699,083.71	-
II-LTAF1	6.39331%	850,000.00			1,598.33	-	-	-	4,528.60	4,528.60	-
II-LTAF2	6.39331%	300,000.00			26,931.72	-	-	-	1,598.33	1,598.33	-
II-LTAF3	6.39331%	500,000.00			2,397.49	-	-	-	2,663.88	2,663.88	-
II-LTAF4	6.39331%	230,000.00			2,397.49	-	-	-	1,225.38	1,225.38	-
II-LTAF5	6.39331%	325,020.00			1,917.99	-	-	-	1,731.63	1,731.63	-
II-LTAF6	6.39331%	300,000.00			359.62	-	-	-	1,598.33	1,598.33	-
II-LTAV	6.39331%	5,054,980.00			48,549.21	-	-	-	26,931.72	26,931.72	-
II-LTM1	6.39331%	450,000.00			5,282,483.91	-	-	-	2,397.49	2,397.49	-
II-LTM2	6.39331%	450,000.00			5,282,483.91	-	-	-	2,397.49	2,397.49	-
II-LTM3	6.39331%	360,000.00			-	-	-	-	1,917.99	1,917.99	-
II-LTM4	6.39331%	67,500.00			-	-	-	-	359.62	359.62	-
II-LTZZ	6.39331%	9,112,500.00			-	-	-	-	48,549.21	48,549.21	-
II-LTS	6.50000%	90,000,000.00			-	-	-	-	487,500.00	487,500.00	-
II-LTP	6.39331%	100.00			-	-	-	-	29,368.03	29,368.03	-
R-2	6.39331%	-			-	-	-	-	-	-	-


Total		990,000,000.00			10,650,851.30	-	-	-	5,311,851.41	5,311,851.41	-


							Page 5 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates
	REMIC III
	Certificate Payment Report for April 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

AF-1		85,000,000.00			85,000,000.00	255,708.33	928,303.70	1,184,012.03	-	-	84,071,696.30
AF-2		30,000,000.00			30,000,000.00	114,500.00	-	114,500.00	-	-	30,000,000.00
AF-3		50,000,000.00			50,000,000.00	213,333.33	-	213,333.33	-	-	50,000,000.00
AF-4		23,000,000.00			23,000,000.00	113,083.33	-	113,083.33	-	-	23,000,000.00
AF-5		32,502,000.00			32,502,000.00	180,656.95	-	180,656.95	-	-	32,502,000.00
AF-6		30,000,000.00			30,000,000.00	155,000.00	-	155,000.00	-	-	30,000,000.00
AV		505,498,000.00			505,498,000.00	1,061,545.80	5,608,730.38	6,670,276.18	-	-	499,889,269.62
M-1		45,000,000.00			45,000,000.00	111,562.50	-	111,562.50	-	-	45,000,000.00
M-2		45,000,000.00			45,000,000.00	133,437.50	-	133,437.50	-	-	45,000,000.00
M-3		36,000,000.00			36,000,000.00	127,750.00	-	127,750.00	-	-	36,000,000.00
M-4		6,750,000.00			6,750,000.00	26,578.13	-	26,578.13	-	-	6,750,000.00
S		-			-	487,500.00	-	487,500.00	-	-	-
CE		11,249,900.00			11,249,900.00	2,301,728.04	-	2,301,728.04	-	100.00	11,250,000.00
P		100.00			100.00	29,367.50	-	29,367.50	-	-	100.00
R-3		-			-	-	-	-	-	-	-


Total		900,000,000.00			900,000,000.00	5,311,751.41	6,537,034.08	11,848,785.49	-	100.00	893,463,065.92


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

AF-1				F-30/360	03072SBL8	85,000,000.00	1,000.000000	3.008333	10.921220	13.929553	989.078780
AF-2				A-30/360	03072SBM6	30,000,000.00	1,000.000000	3.816667	-	3.816667	1,000.000000
AF-3				-	03072SBN4	50,000,000.00	1,000.000000	4.266667	-	4.266667	1,000.000000
AF-4				-	03072SBP9	23,000,000.00	1,000.000000	4.916667	-	4.916667	1,000.000000
AF-5				-	03072SBQ7	32,502,000.00	1,000.000000	5.558333	-	5.558333	1,000.000000
AF-6				-	03072SBR5	30,000,000.00	1,000.000000	5.166667	-	5.166667	1,000.000000
AV				-	03072SBS3	505,498,000.00	1,000.000000	2.100000	11.095455	13.195455	988.904545
M-1				-	03072SBT1	45,000,000.00	1,000.000000	2.479167	-	2.479167	1,000.000000
M-2				-	03072SBU8	45,000,000.00	1,000.000000	2.965278	-	2.965278	1,000.000000
M-3				-	03072SBV6	36,000,000.00	1,000.000000	3.548611	-	3.548611	1,000.000000
M-4				-	03072SBW4	6,750,000.00	1,000.000000	3.937501	-	3.937501	1,000.000000
S				-	03072SBX2	-	-	-	-	-	-
CE				-		11,249,900.00	1,000.000000	204.599867	-	204.599867	1,000.008889
P				-		100.00	1,000.000000	293,675.000000	-	293,675.000000	1,000.000000
R-3				-		-	-	-	-	-	-


							Page 6 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates
	REMIC III
	Certificate Payment Report for April 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	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	85,000,000.00		255,708.33		-	928,303.70	928,303.70	1,184,012.03	-	-	84,071,696.30
AF-2	30,000,000.00		114,500.00		-	-	-	114,500.00	-	-	30,000,000.00
AF-3	50,000,000.00		213,333.33		-	-	-	213,333.33	-	-	50,000,000.00
AF-4	23,000,000.00		113,083.33		-	-	-	113,083.33	-	-	23,000,000.00
AF-5	32,502,000.00		180,656.95		-	-	-	180,656.95	-	-	32,502,000.00
AF-6	30,000,000.00		155,000.00		-	-	-	155,000.00	-	-	30,000,000.00
AV	505,498,000.00		1,061,545.80		-	5,608,730.38	5,608,730.38	6,670,276.18	-	-	499,889,269.62
M-1	45,000,000.00		111,562.50		-	-	-	111,562.50	-	-	45,000,000.00
M-2	45,000,000.00		133,437.50		-	-	-	133,437.50	-	-	45,000,000.00
M-3	36,000,000.00		127,750.00		-	-	-	127,750.00	-	-	36,000,000.00
M-4	6,750,000.00		26,578.13		-	-	-	26,578.13	-	-	6,750,000.00
S	-		487,500.00		-	-	-	487,500.00	-	-	-
CE	11,249,900.00		2,301,728.04		-	-	-	2,301,728.04	-	100.00	11,250,000.00
P	100.00		29,367.50		-	-	-	29,367.50	-	-	100.00
R-3	-		-		-	-	-	-	-	-	-


Total	900,000,000.00		5,311,751.41		-	6,537,034.08	6,537,034.08	11,848,785.49	-	100.00	893,463,065.92


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

AF-1	3.61000%	85,000,000.00			-	-	-	-	255,708.33	255,708.33	-
AF-2	4.58000%	30,000,000.00			-	-	-	-	114,500.00	114,500.00	-
AF-3	5.12000%	50,000,000.00			-	-	-	-	213,333.33	213,333.33	-
AF-4	5.90000%	23,000,000.00			-	-	-	-	113,083.33	113,083.33	-
AF-5	6.67000%	32,502,000.00			-	-	-	-	180,656.95	180,656.95	-
AF-6	6.20000%	30,000,000.00			-	-	-	-	155,000.00	155,000.00	-
AV	2.16000%	505,498,000.00			-	-	-	-	1,061,545.80	1,061,545.80	-
M-1	2.55000%	45,000,000.00			-	-	-	-	111,562.50	111,562.50	-
M-2	3.05000%	45,000,000.00			-	-	-	-	133,437.50	133,437.50	-
M-3	3.65000%	36,000,000.00			-	-	-	-	127,750.00	127,750.00	-
M-4	4.05000%	6,750,000.00			-	-	-	-	26,578.13	26,578.13	-
S	6.50000%	90,000,000.00			-	-	-	-	487,500.00	487,500.00	-
CE	3.06910%	11,249,900.00			-	-	-	-	2,301,728.04	2,301,828.04	-
P		100.00			-	-	-	-	29,367.50	29,367.50	-
R-3		-			-	-	-	-	-	-	-


Total		990,000,000.00			-	-	-	-	5,311,751.41	5,311,851.41	-


							Page 7 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Collection Account Report for April 25, 2002 Distribution


	Collection Account Report


SUMMARY						ADJUSTABLE	FIXED	TOTAL

	Principal Collections					5,608,644.58	928,289.50	6,536,934.08
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					5,608,644.58	928,289.50	6,536,934.08

	Interest Collections					3,394,917.17	1,457,888.88	4,852,806.05
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					29,367.50	0.00	29,367.50
	Interest Fees					(121,675.16)	(76,925.96)	(198,601.12)
	TOTAL NET INTEREST					3,302,609.51	1,380,962.92	4,683,572.43

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					8,911,254.09	2,309,252.42	11,220,506.51


PRINCIPAL - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL

	Scheduled Principal Received					266,325.41	221,846.11	488,171.52
	Prepayments In Full					5,300,758.15	660,510.52	5,961,268.67
	Curtailments					41,561.02	45,932.87	87,493.89
	Liquidations					0.00	0.00	0.00
	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					0.00	0.00	0.00
	Delinquent Principal					(87,260.93)	(38,925.24)	(126,186.17)
	Advanced Principal					87,260.93	38,925.24	126,186.17

	TOTAL PRINCIPAL COLLECTED					5,608,644.58	928,289.50	6,536,934.08


				Page 8 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Collection Account Report for April 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						ADJUSTABLE	FIXED	TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL					0.00	0.00	0.00


INTEREST - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL

	Scheduled Interest					3,460,851.03	1,475,049.28	4,935,900.31
	Liquidation Interest					0.00	0.00	0.00
	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					0.00	0.00	0.00
	Compensating Interest					0.00	0.00	0.00
	Delinquent Interest					(1,241,926.82)	(274,279.55)	(1,516,206.37)
	Interest Advanced					1,175,992.96	257,119.15	1,433,112.11

	TOTAL INTEREST COLLECTED					3,394,917.17	1,457,888.88	4,852,806.05


				Page 9 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Collection Account Report for April 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						ADJUSTABLE	FIXED	TOTAL

	Extraordinary Trust Fund Expenses					0.00	0.00	0.00



	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00


INTEREST - OTHER ACCOUNTS						ADJUSTABLE	FIXED	TOTAL

	Prepayment Charges					29,367.50	0.00	29,367.50
	Capitalized Interest Requirement					0.00	0.00	0.00


	TOTAL INTEREST OTHER ACCOUNTS					29,367.50	0.00	29,367.50


INTEREST - FEES						ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees					121,675.16	76,925.96	198,601.12

	Morgan Guaranty Insurance Payment					0.00	0.00	0.00



	TOTAL INTEREST OTHER FEES					121,675.16	76,925.96	198,601.12


				Page 10 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Credit Enhancement Report for April 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INSURANCE						ADJUSTABLE	FIXED	TOTAL


	Current Payments under the PMI Policy							0.00
	Cumulative Payments under the PMI Policy							0.00

	Current Payments Denied under the PMI Policy							0.00
	Cumulative Payments Denied under the PMI Policy							0.00


STRUCTURAL FEATURES						ADJUSTABLE	FIXED	TOTAL

	Overcollateralized Amount							11,250,000.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							100.00
	Overcollateralization Target Amount							11,250,000.00
	Excess Overcollateralization Amount							0.00


				Page 11 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Collateral Report for April 25, 2002 Distribution


	Collateral Report


COLLATERAL						ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	*Original*					2805	1523	4328
	Prior					-	-	-
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(22)	(6)	(28)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,783	1,517	4,300

	*Principal Balance:*
	Original					450,261,652.47	225,807,238.66	676,068,891.13
	Prior					-	-	-
	Prefunding					-	-	-
	Scheduled Principal					(266,325.41)	(221,846.11)	(488,171.52)
	Partial and Full Voluntary Prepayments					(5,342,319.17)	(706,443.39)	(6,048,762.56)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					444,653,007.89	224,878,949.16	669,531,957.05

PREFUNDING						ADJUSTABLE	FIXED	TOTAL

	Prefunding Acct Balance					149,138,042.65	74,793,066.22	223,931,108.87


	Fixed
	Adjustable
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 12 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Collateral Report for April 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Coupon Original					9.223573%	7.838806%	8.761060%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current					9.223573%	7.838806%	8.761060%
	Weighted Average Months to Maturity Original					353	332	346
	Weighted Average Months to Maturity Prior					-	-	-
	Weighted Average Months to Maturity Current					353	332	346
	Weighted Avg Remaining Amortization Term Original					353	331	345
	Weighted Avg Remaining Amortization Term Prior					-	-	-
	Weighted Avg Remaining Amortization Term Current					353	331	345
	Weighted Average Seasoning Original					2.06	1.89	2.01
	Weighted Average Seasoning Prior					-	-	-
	Weighted Average Seasoning Current					2.06	1.89	2.01

Note: Original information refers to deal issue.


	Fixed
	Adjustable
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 13 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Collateral Report for April 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Margin Original					6.468%
	Weighted Average Margin Prior
	Weighted Average Margin Current					6.468%
	Weighted Average Max Rate Original					15.224%	7.839%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current					15.224%	7.839%
	Weighted Average Min Rate Original					9.224%	6.441%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current					9.224%	6.441%
	Weighted Average Cap Up Original					2.000%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current					2.000%
	Weighted Average Cap Down Original					1.000%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current					1.000%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees					121,675.16	76,925.96	198,601.12
	Delinquent Servicing Fees					65,933.86	17,160.39	83,094.25
	TOTAL SERVICING FEES					187,609.02	94,086.35	281,695.37


	Compensating Interest					0.00	0.00	0.00
	Delinquent Servicing Fees					(65,933.86)	(17,160.39)	(83,094.25)
	COLLECTED SERVICING FEES					121,675.16	76,925.96	198,601.12
	Aggregate Advances with respect to this Distribution					1,263,253.89	296,044.39	1,559,298.28

	Current Nonrecoverable Advances					0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION						ADJUSTABLE	FIXED	TOTAL

	Net Prepayment Interest Shortfall					0.00	0.00	0.00


				Page 14 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Delinquency Report for April 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		116,236.50	-	-	-	116,236.50
		% Balance		0.02%	0.00%	0.00%	0.00%	0.02%
		# Loans		1	-	-	-	1
		% # Loans		0.02%	0.00%	0.00%	0.00%	0.02%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		116,236.50	-	-	-	116,236.50
		% Balance		0.02%	0.00%	0.00%	0.00%	0.02%
		# Loans		1	-	-	-	1
		% # Loans		0.02%	0.00%	0.00%	0.00%	0.02%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 15 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Delinquency Report for April 25, 2002 Distribution


	Delinquency Report - Fixed Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		116,236.50	-	-	-	116,236.50
		% Balance		0.05%	0.00%	0.00%	0.00%	0.05%
		# Loans		1	-	-	-	1
		% # Loans		0.07%	0.00%	0.00%	0.00%	0.07%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		116,236.50	-	-	-	116,236.50
		% Balance		0.05%	0.00%	0.00%	0.00%	0.05%
		# Loans		1	-	-	-	1
		% # Loans		0.07%	0.00%	0.00%	0.00%	0.07%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 16 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Delinquency Report for April 25, 2002 Distribution


	Delinquency Report - Adjustable Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 17 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	REO Report for April 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 18 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Foreclosure Report for April 25, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Fixed Group
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group
Total Current Balance = 000.00


Loan Number		Original	Stated		Current	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 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Prepayment Report for April 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Paid in Full Loans					22	6	28
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					22	6	28

	Paid in Full Balance					5,300,758.15	660,510.52	5,961,268.67
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					41,561.02	45,932.87	87,493.89
	Total Prepayment Amount					5,342,319.17	706,443.39	6,048,762.56

	*Cumulative*
	Number of Paid in Full Loans					22	6	28
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					22	6	28

	Paid in Full Balance					5,300,758.15	660,510.52	5,961,268.67
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					41,561.02	45,932.87	87,493.89
	Total Prepayment Amount					5,342,319.17	706,443.39	6,048,762.56

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 20 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Prepayment Report for April 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						ADJUSTABLE	FIXED	TOTAL

	SMM					1.19%	0.31%	0.90%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.19%	0.31%	0.90%

	CPR					13.35%	3.69%	10.23%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					13.35%	3.69%	10.23%

	PSA					3236.49%	974.83%	2549.64%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					3236.49%	974.83%	2549.64%



	Fixed
	Adjustable


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 21 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Prepayment Report for April 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Fixed
	Adjustable

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + 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 (AvgCPRn,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,WASm)/(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 22 of 28				© COPYRIGHT 2002 Deutsche Bank


	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Prepayment Detail Report for April 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 28						Loan Group 1 = Fixed Group
Total Original Principal Balance = 5,965,051.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 5,961,268.67


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

31721400 1			121,500.00	121,297.69	Apr-02-02	11.400%	MD - 90.00%	Paid Off - 360	Nov-01-01
32301301 1			64,000.00	63,560.45	Apr-01-02	7.990%	UT - 55.17%	Paid Off - 240	Dec-01-01
33778713 1			173,700.00	173,560.41	Apr-02-02	7.100%	CA - 90.00%	Paid Off - 360	Mar-01-02
33911926 1			148,500.00	148,391.97	Mar-26-02	7.600%	CA - 90.00%	Paid Off - 360	Mar-01-02
32176828 2			493,000.00	492,572.54	Apr-01-02	12.000%	CA - 85.00%	Paid Off - 360	Jan-01-02
32933707 2			93,000.00	92,869.02	Mar-19-02	9.760%	CO - 50.54%	Paid Off - 360	Jan-01-02
33120031 2			499,000.00	498,004.00	Apr-01-02	6.000%	CA - 62.38%	Paid Off - 360	Feb-01-02
33283185 2			390,000.00	389,770.67	Apr-03-02	11.900%	MA - 63.11%	Paid Off - 360	Feb-01-02
33348426 2			386,750.00	386,457.49	Mar-21-02	10.750%	CA - 85.00%	Paid Off - 360	Feb-01-02
33656422 2			210,000.00	209,879.19	Apr-03-02	11.999%	CA - 55.26%	Paid Off - 360	Feb-01-02
33688789 2			209,100.00	209,021.28	Apr-10-02	10.750%	TX - 85.00%	Paid Off - 360	Mar-01-02
33693250 2			499,999.00	499,816.79	Apr-08-02	10.900%	OH - 64.02%	Paid Off - 360	Mar-01-02
33761362 2			60,000.00	59,979.74	Apr-09-02	11.250%	MA - 70.59%	Paid Off - 360	Mar-01-02
33884172 2			122,250.00	122,195.80	Apr-01-02	9.990%	TX - 75.00%	Paid Off - 360	Mar-01-02
33930322 2			162,000.00	161,942.11	Apr-01-02	10.990%	MN - 75.00%	Paid Off - 360	Mar-01-02
33955147 2			126,000.00	126,000.00	Apr-01-02	11.450%	IL - 90.00%	Paid Off - 360	Apr-01-02
34060004 2			480,000.00	479,794.35	Apr-01-02	10.150%	WA - 80.00%	Paid Off - 360	Mar-01-02
34246926 2			202,500.00	202,500.00	Apr-03-02	12.990%	MA - 75.00%	Paid Off - 360	Apr-01-02
34316281 2			210,000.00	210,000.00	Mar-19-02	11.350%	CO - 71.43%	Paid Off - 360	Apr-01-02
34410787 2			268,500.00	268,500.00	Apr-04-02	11.500%	CA - 77.83%	Paid Off - 360	Apr-01-02
34541128 2			234,250.00	234,250.00	Mar-18-02	11.500%	CO - 83.66%	Paid Off - 360	Apr-01-02
34310482 1			103,700.00	103,700.00	Apr-04-02	7.500%	AZ - 79.77%	Repur/Subs - 240	Apr-01-02
34463315 1			50,000.00	50,000.00	Apr-04-02	7.750%	MI - 43.48%	Repur/Subs - 180	Apr-01-02
33961483 2			53,300.00	53,284.71	Apr-10-02	11.990%	OH - 65.00%	Repur/Subs - 360	Mar-01-02
34033456 2			130,500.00	130,418.46	Apr-10-02	8.350%	CA - 84.19%	Repur/Subs - 360	Mar-01-02
34336487 2			200,001.00	200,001.00	Apr-10-02	10.500%	CO - 61.54%	Repur/Subs - 360	Apr-01-02
34462580 2			200,001.00	200,001.00	Apr-10-02	9.750%	CA - 59.88%	Repur/Subs - 360	Apr-01-02
34663187 2			73,500.00	73,500.00	Mar-20-02	9.500%	CT - 61.25%	Repur/Subs - 180	Apr-01-02


					Page 23 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Realized Loss Report for April 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


	Fixed						3 Months Moving Average
	Adjustable

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 24 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Realized Loss Report for April 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						ADJUSTABLE	FIXED	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%

	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

	Fixed
	Adjustable
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 25 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Realized Loss Report for April 25, 2002 Distribution


	Realized Loss Report - Collateral

	Fixed
	Adjustable

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated 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 (AvgCDRn,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 months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 26 of 28				© COPYRIGHT 2002 Deutsche Bank


	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Realized Loss Detail Report for April 25, 2002 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00


Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 27 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-1
	Asset Backed Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						ADJUSTABLE	FIXED	TOTAL

	Trigger Event in effect					No	No	No
	Stepdown Date has occurred					No	No	No

	Balances 60+ days							116,592.41
	Beginning Balance							893,463,065.92
	Delinquency Percentage							0.01%

	Balance of Mezzanine and C Class							143,999,900.00
	Beginning Balance							893,463,065.92
	*Credit Enhancement Percentage*							16.12%


ADJUSTABLE RATE CERTIFICATE INFORMATION						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL

	Net WAC Rate Carryover Amt: Class AV-1					0.00	0.00	0.00
	Net WAC Rate Carryover Amt: Class M-1					0.00	0.00	0.00
	Net WAC Rate Carryover Amt: Class M-2					0.00	0.00	0.00
	Net WAC Rate Carryover Amt: Class M-3					0.00	0.00	0.00
	Libor for Current Period							1.850000%
	Net WAC Rate Carryover Amt: Class AV-1 unpaid					0.00	0.00	0.00
	Net WAC Rate Carryover Amt: Class M-1 unpaid					0.00	0.00	0.00
	Net WAC Rate Carryover Amt: Class M-2 unpaid					0.00	0.00	0.00
	Net WAC Rate Carryover Amt: Class M-3 unpaid					0.00	0.00	0.00


				Page 28 of 28				© COPYRIGHT 2002 Deutsche Bank

AMERIQUEST MORTGAGE SECURITIES INC AS-BK PS-TH CT SR 2002-1 8-K/A