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): September 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 Deutsche Bank National Trust Company, as

Trust Administrator).

AMERIQUEST MORT SEC INC ASS BK PAS THR CERTS SER 2002 2

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-77012-02 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

September 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,

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 June 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 September 25, 2002.


	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates


	September 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.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: June 1, 2002
	Certificate Insurer(s):							Closing Date: June 7, 2002
								First Payment Date: July 25, 2002
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer


								Distribution Date: September 25, 2002
	Underwriter(s):		Deutsche Banc Alex Brown Underwriter					Record Date: September 24, 2002
								August 30, 2002






						Page 1 of 28					© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates
	REMIC I
	Certificate Payment Report for September 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		332,673,401.53			324,341,845.65	2,332,609.46	5,401,071.65	7,733,681.11	-	-	318,940,774.00
LT1B		50,000,000.00			50,000,000.00	359,591.20	-	359,591.20	-	-	50,000,000.00
LT1C		117,326,498.47			117,326,498.47	843,791.53	-	843,791.53	-	-	117,326,498.47
LT1P		100.00			100.00	43,464.04	-	43,464.04	-	-	100.00
LT1R		-			-	-	-	-	-	-	-


Total		500,000,000.00			491,668,444.12	3,579,456.23	5,401,071.65	8,980,527.88	-	-	486,267,372.47


	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				-		332,673,401.53	974.955750	7.011710	16.235358	23.247068	958.720392
LT1B				-		50,000,000.00	1,000.000000	7.191824	-	7.191824	1,000.000000
LT1C				-		117,326,498.47	1,000.000000	7.191824	-	7.191824	1,000.000000
LT1P				-		100.00	1,000.000000	434,640.400000	-	434,640.400000	1,000.000000
LT1R				-		-	-	-	-	-	-


							Page 2 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates
	REMIC I
	Certificate Payment Report for September 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	332,673,401.53		7,074,813.36		-	13,732,627.53	13,732,627.53	20,807,440.89	-	-	318,940,774.00
LT1B	50,000,000.00		1,897,662.65		-	-	-	1,897,662.65	-	-	50,000,000.00
LT1C	117,326,498.47		1,562,155.97		-	-	-	1,562,155.97	-	-	117,326,498.47
LT1P	100.00		164,510.83		-	-	-	164,510.83	-	-	100.00
LT1R	-		-		-	-	-	-	-	-	-


Total	500,000,000.00		10,699,142.81		-	13,732,627.53	13,732,627.53	24,431,770.34	-	-	486,267,372.47


	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	8.63019%	324,341,845.65			3,199,855.92	-	-	-	2,332,609.46	2,332,609.46	-
LT1B	8.63019%	50,000,000.00			2,975.28	-	-	-	359,591.20	359,591.20	-
LT1C	8.63019%	117,326,498.47			1,348.12	-	-	-	843,791.53	843,791.53	-
LT1P	8.63019%	100.00			1,766.50	-	-	-	43,464.04	43,464.04	-
LT1R	8.63019%	-			996.15	-	-	-	-	-	-


Total		491,668,444.12			3,206,941.97	-	-	-	3,579,456.23	3,579,456.23	-


							Page 3 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for September 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		489,999,902.00			481,834,977.04	3,199,855.92	5,293,050.03	8,492,905.95	-	-	476,541,927.01
II-LTAF1		467,000.00			448,017.97	2,975.28	10,345.34	13,320.62	-	-	437,672.63
II-LTAF2		203,000.00			203,000.00	1,348.12	-	1,348.12	-	-	203,000.00
II-LTAF3		266,000.00			266,000.00	1,766.50	-	1,766.50	-	-	266,000.00
II-LTAF4		150,000.00			150,000.00	996.15	-	996.15	-	-	150,000.00
II-LTAF5		190,000.00			190,000.00	1,261.79	-	1,261.79	-	-	190,000.00
II-LTAF6		174,000.00			174,000.00	1,155.53	-	1,155.53	-	-	174,000.00
II-LTAV		2,725,000.00			2,660,666.48	17,669.43	43,665.38	61,334.81	-	-	2,617,001.10
II-LTM1		275,000.00			275,000.00	1,826.27	-	1,826.27	-	-	275,000.00
II-LTM2		275,000.00			275,000.00	1,826.27	-	1,826.27	-	-	275,000.00
II-LTM3		175,000.00			175,000.00	1,162.17	-	1,162.17	-	-	175,000.00
II-LTM4		62,500.00			62,500.00	415.06	-	415.06	-	-	62,500.00
II-LTZZ		5,037,498.00			4,954,182.43	32,900.62	54,010.71	86,911.33	-	-	4,900,171.72
II-LTS		-			-	270,833.33	-	270,833.33	-	-	-
II-LTP		100.00			100.00	43,463.98	-	43,463.98	-	-	100.00
R-2		-			-	-	-	-	-	-	-


Total		500,000,000.00			491,668,443.92	3,579,456.42	5,401,071.46	8,980,527.88	-	-	486,267,372.46


	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				-		489,999,902.00	983.336885	6.530320	10.802145	17.332465	972.534739
II-LTAF1				-		467,000.00	959.353255	6.371049	22.152762	28.523812	937.200493
II-LTAF2				-		203,000.00	1,000.000000	6.640985	-	6.640985	1,000.000000
II-LTAF3				-		266,000.00	1,000.000000	6.640977	-	6.640977	1,000.000000
II-LTAF4				-		150,000.00	1,000.000000	6.641000	-	6.641000	1,000.000000
II-LTAF5				-		190,000.00	1,000.000000	6.641000	-	6.641000	1,000.000000
II-LTAF6				-		174,000.00	1,000.000000	6.640977	-	6.640977	1,000.000000
II-LTAV				-		2,725,000.00	976.391369	6.484194	16.023993	22.508187	960.367376
II-LTM1				-		275,000.00	1,000.000000	6.640982	-	6.640982	1,000.000000
II-LTM2				-		275,000.00	1,000.000000	6.640982	-	6.640982	1,000.000000
II-LTM3				-		175,000.00	1,000.000000	6.640971	-	6.640971	1,000.000000
II-LTM4				-		62,500.00	1,000.000000	6.640960	-	6.640960	1,000.000000
II-LTZZ				-		5,037,498.00	983.460922	6.531143	10.721733	17.252876	972.739189
II-LTS				-		-	-	-	-	-	-
II-LTP				-		100.00	1,000.000000	434,639.800000	-	434,639.800000	1,000.000000
R-2				-		-	-	-	-	-	-


							Page 4 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for September 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	489,999,902.00		9,527,690.89		-	13,457,974.99	13,457,974.99	22,985,665.88	-	-	476,541,927.01
II-LTAF1	467,000.00		8,941.42		-	29,327.37	29,327.37	38,268.79	-	-	437,672.63
II-LTAF2	203,000.00		3,983.69		-	-	-	3,983.69	-	-	203,000.00
II-LTAF3	266,000.00		5,219.99		-	-	-	5,219.99	-	-	266,000.00
II-LTAF4	150,000.00		2,943.61		-	-	-	2,943.61	-	-	150,000.00
II-LTAF5	190,000.00		3,728.58		-	-	-	3,728.58	-	-	190,000.00
II-LTAF6	174,000.00		3,414.58		-	-	-	3,414.58	-	-	174,000.00
II-LTAV	2,725,000.00		52,799.63		-	107,998.90	107,998.90	160,798.53	-	-	2,617,001.10
II-LTM1	275,000.00		5,396.62		-	-	-	5,396.62	-	-	275,000.00
II-LTM2	275,000.00		5,396.62		-	-	-	5,396.62	-	-	275,000.00
II-LTM3	175,000.00		3,434.21		-	-	-	3,434.21	-	-	175,000.00
II-LTM4	62,500.00		1,226.50		-	-	-	1,226.50	-	-	62,500.00
II-LTZZ	5,037,498.00		97,957.21		-	137,326.28	137,326.28	235,283.49	-	-	4,900,171.72
II-LTS	-		812,499.99		-	-	-	812,499.99	-	-	-
II-LTP	100.00		164,510.62		-	-	-	164,510.62	-	-	100.00
R-2	-		0.01		-	-	-	0.01	-	-	-


Total	500,000,000.00		10,699,144.17		-	13,732,627.54	13,732,627.54	24,431,771.71	-	-	486,267,372.46


	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	7.96917%	481,834,977.04			1,261.79	-	-	-	3,199,855.92	3,199,855.92	-
II-LTAF1	7.96917%	448,017.97			1,155.53	-	-	-	2,975.28	2,975.28	-
II-LTAF2	7.96917%	203,000.00			17,669.43	-	-	-	1,348.12	1,348.12	-
II-LTAF3	7.96917%	266,000.00			1,826.27	-	-	-	1,766.50	1,766.50	-
II-LTAF4	7.96917%	150,000.00			1,826.27	-	-	-	996.15	996.15	-
II-LTAF5	7.96917%	190,000.00			1,162.17	-	-	-	1,261.79	1,261.79	-
II-LTAF6	7.96917%	174,000.00			415.06	-	-	-	1,155.53	1,155.53	-
II-LTAV	7.96917%	2,660,666.48			32,900.62	-	-	-	17,669.43	17,669.43	-
II-LTM1	7.96917%	275,000.00			3,535,993.10	-	-	-	1,826.27	1,826.27	-
II-LTM2	7.96917%	275,000.00			3,535,992.91	-	-	-	1,826.27	1,826.27	-
II-LTM3	7.96917%	175,000.00			-	-	-	-	1,162.17	1,162.17	-
II-LTM4	7.96917%	62,500.00			-	-	-	-	415.06	415.06	-
II-LTZZ	7.96917%	4,954,182.43			-	-	-	-	32,900.62	32,900.62	-
II-LTS	6.50000%	50,000,000.00			-	-	-	-	270,833.33	270,833.33	-
II-LTP	7.96917%	100.00			-	-	-	-	43,463.98	43,463.98	-
R-2	7.96917%	-			-	-	-	-	-	-	-


Total		541,668,443.92			7,130,203.15	-	-	-	3,579,456.42	3,579,456.42	-


							Page 5 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates
	REMIC III
	Certificate Payment Report for September 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		46,700,000.00			44,801,768.58	128,058.39	1,034,533.61	1,162,592.00	-	-	43,767,234.97
AF-2		20,300,000.00			20,300,000.00	71,726.67	-	71,726.67	-	-	20,300,000.00
AF-3		26,600,000.00			26,600,000.00	107,286.67	-	107,286.67	-	-	26,600,000.00
AF-4		15,000,000.00			15,000,000.00	69,625.00	-	69,625.00	-	-	15,000,000.00
AF-5		19,000,000.00			19,000,000.00	99,750.00	-	99,750.00	-	-	19,000,000.00
AF-6		17,400,000.00			17,400,000.00	84,825.00	-	84,825.00	-	-	17,400,000.00
AV		272,500,000.00			266,066,575.54	461,182.06	4,366,538.04	4,827,720.10	-	-	261,700,037.50
M-1		27,500,000.00			27,500,000.00	55,687.50	-	55,687.50	-	-	27,500,000.00
M-2		27,500,000.00			27,500,000.00	67,833.33	-	67,833.33	-	-	27,500,000.00
M-3		17,500,000.00			17,500,000.00	52,208.33	-	52,208.33	-	-	17,500,000.00
M-4		6,250,000.00			6,250,000.00	20,885.42	-	20,885.42	-	-	6,250,000.00
S		-			-	270,833.33	-	270,833.33	-	-	-
CE		3,749,900.00			3,750,000.00	2,046,091.21	-	2,046,091.21	-	-	3,750,000.00
P		100.00			100.00	43,463.32	-	43,463.32	-	-	100.00
R-3		-			-	0.00	-	0.00	-	-	-


Total		500,000,000.00			491,668,444.12	3,579,456.23	5,401,071.65	8,980,527.88	-	-	486,267,372.47


	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	03072SBY0	46,700,000.00	959.352646	2.742150	22.152754	24.894904	937.199892
AF-2				F-30/360	03072SBZ7	20,300,000.00	1,000.000000	3.533333	-	3.533333	1,000.000000
AF-3				F-30/360	03072SCA1	26,600,000.00	1,000.000000	4.033333	-	4.033333	1,000.000000
AF-4				F-30/360	03072SCB9	15,000,000.00	1,000.000000	4.641667	-	4.641667	1,000.000000
AF-5				F-30/360	03072SCC7	19,000,000.00	1,000.000000	5.250000	-	5.250000	1,000.000000
AF-6				F-30/360	03072SCD5	17,400,000.00	1,000.000000	4.875000	-	4.875000	1,000.000000
AV				A-Act/360	03072SCE3	272,500,000.00	976.391103	1.692411	16.023993	17.716404	960.367110
M-1				A-Act/360	03072SCG8	27,500,000.00	1,000.000000	2.025000	-	2.025000	1,000.000000
M-2				A-Act/360	03072SCH6	27,500,000.00	1,000.000000	2.466667	-	2.466667	1,000.000000
M-3				A-Act/360	03072SCJ2	17,500,000.00	1,000.000000	2.983333	-	2.983333	1,000.000000
M-4				A-Act/360	03072SCK9	6,250,000.00	1,000.000000	3.341667	-	3.341667	1,000.000000
S				F-30/360	03072SCF0	-	-	-	-	-	-
CE				A-30/360		3,749,900.00	1,000.026667	545.638873	-	545.638873	1,000.026667
P				-		100.00	1,000.000000	434,633.200000	-	434,633.200000	1,000.000000
R-3				-	AQ0202103	-	-	-	-	-	-


							Page 6 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates
	REMIC III
	Certificate Payment Report for September 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	46,700,000.00		390,857.41		2,723,407.12	209,357.91	2,932,765.03	3,323,622.44	-	-	43,767,234.97
AF-2	20,300,000.00		215,180.01		-	-	-	215,180.01	-	-	20,300,000.00
AF-3	26,600,000.00		321,860.01		-	-	-	321,860.01	-	-	26,600,000.00
AF-4	15,000,000.00		208,875.00		-	-	-	208,875.00	-	-	15,000,000.00
AF-5	19,000,000.00		299,250.00		-	-	-	299,250.00	-	-	19,000,000.00
AF-6	17,400,000.00		254,475.00		-	-	-	254,475.00	-	-	17,400,000.00
AV	272,500,000.00		1,731,141.69		9,972,491.24	827,471.26	10,799,962.50	12,531,104.19	-	-	261,700,037.50
M-1	27,500,000.00		205,944.57		-	-	-	205,944.57	-	-	27,500,000.00
M-2	27,500,000.00		250,479.28		-	-	-	250,479.28	-	-	27,500,000.00
M-3	17,500,000.00		192,548.68		-	-	-	192,548.68	-	-	17,500,000.00
M-4	6,250,000.00		76,979.20		-	-	-	76,979.20	-	-	6,250,000.00
S	-		812,499.99		-	-	-	812,499.99	-	-	-
CE	3,749,900.00		5,574,444.46		-	-	-	5,574,444.46	-	100.00	3,750,000.00
P	100.00		164,508.67		-	-	-	164,508.67	-	-	100.00
R-3	-		0.00		-	-	-	0.00	-	-	-


Total	500,000,000.00		10,699,043.97		12,695,898.36	1,036,829.17	13,732,727.53	24,431,771.50	-	100.00	486,267,372.47


	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	3.43000%	44,801,768.58			-	-	-	-	128,058.39	128,058.39	-
AF-2	4.24000%	20,300,000.00			-	-	-	-	71,726.67	71,726.67	-
AF-3	4.84000%	26,600,000.00			-	-	-	-	107,286.67	107,286.67	-
AF-4	5.57000%	15,000,000.00			-	-	-	-	69,625.00	69,625.00	-
AF-5	6.30000%	19,000,000.00			-	-	-	-	99,750.00	99,750.00	-
AF-6	5.85000%	17,400,000.00			-	-	-	-	84,825.00	84,825.00	-
AV	2.08000%	266,066,575.54			-	-	-	-	461,182.06	461,182.06	-
M-1	2.43000%	27,500,000.00			-	-	-	-	55,687.50	55,687.50	-
M-2	2.96000%	27,500,000.00			-	-	-	-	67,833.33	67,833.33	-
M-3	3.58000%	17,500,000.00			-	-	-	-	52,208.33	52,208.33	-
M-4	4.01000%	6,250,000.00			-	-	-	-	20,885.42	20,885.42	-
S	6.50000%	50,000,000.00			-	-	-	-	270,833.33	270,833.33	-
CE	4.99383%	3,750,000.00			-	-	-	-	2,046,091.21	2,046,091.21	-
P		100.00			-	-	-	-	43,463.32	43,463.32	-
R-3		-			-	-	-	-	0.00	0.00	-


Total		541,668,444.12			-	-	-	-	3,579,456.23	3,579,456.23	-


							Page 7 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					4,366,538.04	1,034,533.61	5,401,071.65
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					4,366,538.04	1,034,533.61	5,401,071.65

	Interest Collections					2,434,505.95	1,202,347.09	3,636,853.04
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					43,463.32	0.00	43,463.32
	Interest Fees					(53,072.31)	(47,787.82)	(100,860.13)
	TOTAL NET INTEREST					2,424,896.96	1,154,559.27	3,579,456.23

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					6,791,435.00	2,189,092.88	8,980,527.88


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					189,237.96	166,209.58	355,447.54
	Prepayments In Full					4,162,178.60	818,231.68	4,980,410.28
	Curtailments					15,121.48	50,092.35	65,213.83
	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					(110,033.70)	(52,003.46)	(162,037.16)
	Advanced Principal					110,033.70	52,003.46	162,037.16

	TOTAL PRINCIPAL COLLECTED					4,366,538.04	1,034,533.61	5,401,071.65


				Page 8 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL					0.00	0.00	0.00


INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Interest					2,514,764.93	1,228,138.45	3,742,903.38
	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					(3,277.51)	0.00	(3,277.51)
	Compensating Interest					3,277.51	0.00	3,277.51
	Delinquent Interest					(1,552,896.39)	(442,813.02)	(1,995,709.41)
	Interest Advanced					1,472,637.41	417,021.66	1,889,659.07

	TOTAL INTEREST COLLECTED					2,434,505.95	1,202,347.09	3,636,853.04


				Page 9 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL

	Extraordinary Trust Fund Expenses					0.00	0.00	0.00



	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Prepayment Charges					43,463.32	0.00	43,463.32
	Capitalized Interest Requirement					0.00	0.00	0.00


	TOTAL INTEREST OTHER ACCOUNTS					43,463.32	0.00	43,463.32


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					51,752.20	47,059.31	98,811.51

	Trustee Fee					1,320.11	728.51	2,048.62



	TOTAL INTEREST OTHER FEES					53,072.31	47,787.82	100,860.13


				Page 10 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Credit Enhancement Report for September 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Overcollateralized Amount							3,750,000.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							0.00
	Overcollateralization Target Amount							3,750,000.00
	Excess Overcollateralization Amount							0.00


				Page 11 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Collateral Report for September 25, 2002 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					2002	1318	3320
	Prior					2,243	1,308	3,551
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(18)	(4)	(22)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,225	1,304	3,529

	*Principal Balance:*
	Original					284,841,531.49	176,739,810.52	461,581,342.01
	Prior					316,826,836.97	174,841,607.15	491,668,444.12
	Prefunding					-	-	-
	Scheduled Principal					(189,237.96)	(166,209.58)	(355,447.54)
	Partial and Full Voluntary Prepayments					(4,177,300.08)	(868,324.03)	(5,045,624.11)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					312,460,298.93	173,807,073.54	486,267,372.47

PREFUNDING						GROUP 2	GROUP 1	TOTAL

	Initial Deposit							0.00


	Group 1
	Group 2
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. 2002-2
	Asset Backed Certificates

	Collateral Report for September 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					9.531215%	8.438516%	9.112820%
	Weighted Average Coupon Prior					9.527617%	8.428740%	9.138343%
	Weighted Average Coupon Current					9.524818%	8.429150%	9.135189%
	Weighted Average Months to Maturity Original					350	328	342
	Weighted Average Months to Maturity Prior					349	327	341
	Weighted Average Months to Maturity Current					348	326	340
	Weighted Avg Remaining Amortization Term Original					350	328	341
	Weighted Avg Remaining Amortization Term Prior					346	327	339
	Weighted Avg Remaining Amortization Term Current					345	325	338
	Weighted Average Seasoning Original					2.35	2.21	2.30
	Weighted Average Seasoning Prior					6.04	3.21	5.03
	Weighted Average Seasoning Current					7.02	4.20	6.01

Note: Original information refers to deal issue.


	Group 1
	Group 2
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. 2002-2
	Asset Backed Certificates

	Collateral Report for September 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					6.438%
	Weighted Average Margin Prior					6.435%
	Weighted Average Margin Current					6.435%
	Weighted Average Max Rate Original					15.532%
	Weighted Average Max Rate Prior					15.528%
	Weighted Average Max Rate Current					15.526%
	Weighted Average Min Rate Original					9.532%
	Weighted Average Min Rate Prior					9.528%
	Weighted Average Min Rate Current					9.526%
	Weighted Average Cap Up Original					2.000%
	Weighted Average Cap Up Prior					1.880%
	Weighted Average Cap Up Current					1.879%
	Weighted Average Cap Down Original					2.000%
	Weighted Average Cap Down Prior					1.880%
	Weighted Average Cap Down Current					1.879%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					51,752.20	47,059.31	98,811.51
	Delinquent Servicing Fees					80,258.98	25,791.36	106,050.34
	TOTAL SERVICING FEES					132,011.18	72,850.67	204,861.85


	Compensating Interest					(3,277.51)	0.00	(3,277.51)
	Delinquent Servicing Fees					(80,258.98)	(25,791.36)	(106,050.34)
	COLLECTED SERVICING FEES					48,474.69	47,059.31	95,534.00
	Aggregate Advances with respect to this Distribution					1,582,671.11	469,025.12	2,051,696.23

	Current Nonrecoverable Advances					0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Net Prepayment Interest Shortfall					0.00	0.00	0.00


				Page 14 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			5,859,511.55	2,140,409.68	535,119.30	8,535,040.53
		% Balance			1.20%	0.44%	0.11%	1.76%
		# Loans			50	14	5	69
		% # Loans			1.42%	0.40%	0.14%	1.96%
FORECLOSURE		Balance		-	-	-	55,048.60	55,048.60
		% Balance		0.00%	0.00%	0.00%	0.01%	0.01%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.03%	0.03%
BANKRUPTCY		Balance		1,149,125.59	-	169,472.65	-	1,318,598.24
		% Balance		0.24%	0.00%	0.03%	0.00%	0.27%
		# Loans		8	-	1	-	9
		% # Loans		0.23%	0.00%	0.03%	0.00%	0.26%
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		1,149,125.59	5,859,511.55	2,309,882.33	590,167.90	9,908,687.37
		% Balance		0.24%	1.20%	0.48%	0.12%	2.04%
		# Loans		8	50	15	6	79
		% # Loans		0.23%	1.42%	0.43%	0.17%	2.24%
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. 2002-2
	Asset Backed Certificates

	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Group 1 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			505,737.38	87,159.40	-	592,896.78
		% Balance			0.29%	0.05%	0.00%	0.34%
		# Loans			6	1	-	7
		% # Loans			0.46%	0.08%	0.00%	0.54%
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		421,115.96	-	-	-	421,115.96
		% Balance		0.24%	0.00%	0.00%	0.00%	0.24%
		# Loans		4	-	-	-	4
		% # Loans		0.31%	0.00%	0.00%	0.00%	0.31%
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		421,115.96	505,737.38	87,159.40	-	1,014,012.74
		% Balance		0.24%	0.29%	0.05%	0.00%	0.58%
		# Loans		4	6	1	-	11
		% # Loans		0.31%	0.46%	0.08%	0.00%	0.84%
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. 2002-2
	Asset Backed Certificates

	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Group 2 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			5,353,774.17	2,053,250.28	535,119.30	7,942,143.75
		% Balance			1.71%	0.66%	0.17%	2.54%
		# Loans			44	13	5	62
		% # Loans			1.98%	0.58%	0.22%	2.79%
FORECLOSURE		Balance		-	-	-	55,048.60	55,048.60
		% Balance		0.00%	0.00%	0.00%	0.02%	0.02%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.04%	0.04%
BANKRUPTCY		Balance		728,009.63	-	169,472.65	-	897,482.28
		% Balance		0.23%	0.00%	0.05%	0.00%	0.29%
		# Loans		4	-	1	-	5
		% # Loans		0.18%	0.00%	0.04%	0.00%	0.22%
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		728,009.63	5,353,774.17	2,222,722.93	590,167.90	8,894,674.63
		% Balance		0.23%	1.71%	0.71%	0.19%	2.85%
		# Loans		4	44	14	6	68
		% # Loans		0.18%	1.98%	0.63%	0.27%	3.06%
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. 2002-2
	Asset Backed Certificates

	REO Report for September 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


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
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. 2002-2
	Asset Backed Certificates

	Foreclosure Report for September 25, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 1				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 55,250.00				Loan Group 2 = Group 2 Group
Total Current Balance = 55,048.60


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

33183435 2		55,250.00	55,048.60	Apr-01-02	9.999%	IN - 78.93%	360	Dec-28-01


				Page 19 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					18	4	22
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					18	4	22

	Paid in Full Balance					4,162,178.60	818,231.68	4,980,410.28
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					15,121.48	50,092.35	65,213.83
	Total Prepayment Amount					4,177,300.08	868,324.03	5,045,624.11

	*Cumulative*
	Number of Paid in Full Loans					51	14	65
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					51	14	65

	Paid in Full Balance					10,183,451.97	2,320,593.97	12,504,045.94
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					76,082.23	115,770.19	191,852.42
	Total Prepayment Amount					10,259,534.20	2,436,364.16	12,695,898.36

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
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	Asset Backed Certificates

	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					1.32%	0.50%	1.03%
	3 Months Avg SMM					1.12%	0.46%	0.88%
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.12%	0.46%	0.88%

	CPR					14.73%	5.80%	11.65%
	3 Months Avg CPR					12.65%	5.41%	10.09%
	12 Months Avg CPR
	Avg CPR Since Cut-off					12.65%	5.41%	10.09%

	PSA					1048.89%	690.88%	968.64%
	3 Months Avg PSA Approximation					1231.04%	843.00%	1133.65%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1231.04%	843.00%	1133.65%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 21 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1
	Group 2

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. 2002-2
	Asset Backed Certificates

	Prepayment Detail Report for September 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 22						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 4,991,149.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 4,980,410.28


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

33233008 1			364,500.00	362,287.95	Sep-06-02	7.500%	CA - 90.00%	Paid Off - 360	Dec-12-01
34742015 1			270,900.00	270,155.73	Sep-09-02	7.990%	CA - 90.00%	Paid Off - 360	Mar-26-02
35031756 1			136,500.00	136,090.96	Sep-09-02	7.500%	CA - 70.00%	Paid Off - 360	Mar-30-02
36236081 1			50,000.00	49,697.04	Sep-01-02	7.500%	CT - 61.73%	Paid Off - 180	May-31-02
34345983 2			69,300.00	69,180.78	Sep-09-02	11.250%	AR - 90.00%	Paid Off - 360	Feb-28-02
34524389 2			499,999.00	499,101.20	Sep-06-02	9.990%	AZ - 78.74%	Paid Off - 360	Mar-11-02
34697912 2			189,500.00	189,225.35	Aug-28-02	10.990%	IL - 89.81%	Paid Off - 360	Mar-18-02
34743609 2			375,000.00	374,215.72	Aug-19-02	10.750%	CO - 83.33%	Paid Off - 360	Mar-29-02
34839456 2			340,000.00	339,422.32	Aug-27-02	10.250%	CA - 45.33%	Paid Off - 360	Mar-28-02
34841163 2			62,800.00	62,128.57	Aug-16-02	8.999%	ME - 80.00%	Paid Off - 180	Mar-15-02
34946327 2			493,000.00	492,114.77	Sep-06-02	9.990%	FL - 85.00%	Paid Off - 360	Mar-28-02
35102920 2			60,750.00	60,664.94	Aug-31-02	11.150%	CT - 75.00%	Paid Off - 360	Mar-29-02
35143221 2			225,000.00	224,757.04	Jul-31-02	10.999%	HI - 90.00%	Paid Off - 360	Apr-19-02
35176361 2			403,000.00	402,542.23	Aug-26-02	11.999%	WA - 89.96%	Paid Off - 360	May-31-02
35185123 2			159,000.00	158,737.43	Aug-26-02	8.999%	MA - 67.09%	Paid Off - 360	Apr-17-02
35274737 2			153,000.00	152,723.46	Sep-09-02	10.659%	IL - 85.00%	Paid Off - 360	Mar-30-02
35588672 2			114,700.00	114,529.40	Sep-10-02	9.500%	FL - 45.88%	Paid Off - 360	Apr-25-02
35656131 2			134,000.00	133,778.72	Sep-05-02	8.999%	MA - 44.67%	Paid Off - 360	Apr-30-02
35847599 2			432,000.00	431,248.90	Sep-03-02	8.750%	CA - 90.00%	Paid Off - 360	Apr-30-02
35859669 2			101,000.00	100,944.15	Aug-23-02	13.999%	CA - 52.33%	Paid Off - 360	Apr-30-02
36054377 2			237,500.00	237,259.18	Aug-20-02	9.375%	GA - 68.84%	Paid Off - 360	May-31-02
36266344 2			119,700.00	119,604.44	Sep-06-02	10.500%	MN - 90.00%	Paid Off - 360	May-28-02


					Page 23 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	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


	Group 1						3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 24 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	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					0.00%	0.00%	0.00%
	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					0.00%	0.00%	0.00%
	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

	Group 1
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 25 of 28				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2002-2
	Asset Backed Certificates

	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral

	Group 1
	Group 2

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. 2002-2
	Asset Backed Certificates

	Realized Loss Detail Report for September 25, 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
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. 2002-2
	Asset Backed Certificates

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


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL

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

	Balances 60+ days							4,051,135.89
	Beginning Balance							491,668,444.12
	Delinquency Percentage							0.82%

	Balance of Mezzanine and C Class							82,500,000.00
	Ending Balance							486,267,372.47
	*Credit Enhancement Percentage*							16.97%


ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	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							1.810000%

	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 MORT SEC INC ASS BK PAS THR CERTS SER 2002 2 8-K/A