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): October 25, 2002

AMERIQUEST MORTGAGE SECURITIES INC.

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

Originator and Master Servicer, and Deutsche Bank National

Trust Company, as Trustee).

AMERIQUEST MORT SEC INC ASSET BCKD PS THR CERT SER 2002-AR1

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-77012-03 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

October 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 August 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 October 25, 2002.


	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates


	October 25, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				12
			4.	Credit Enhancement Report				15
			5.	Collateral Report				16
			6.	Delinquency Report				19
			7.	REO Report				22
			8.	Foreclosure Report				23
			9.	Prepayment Report				24
			10.	Prepayment Detail Report				27
			11.	Realized Loss Report				29
			12.	Realized Loss Detail Report				32
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				33




				Total Number of Pages				33



			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: August 1, 2002
	Certificate Insurer(s):							Closing Date: August 26, 2002
								First Payment Date: September 25, 2002
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer


								Distribution Date: October 25, 2002
	Underwriter(s):		Smith Barney Mortgage Corp. Underwriter					Record Date: October 24, 2002
								September 30, 2002






						Page 1 of 33					© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC I & II
	Certificate Payment Report for October 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)

Remic 1		839,206,098.52			832,748,227.99	5,852,956.13	9,869,410.12	15,722,366.25	-	-	822,878,817.87

Remic 2		839,206,098.52			832,748,227.99	5,852,956.13	9,869,410.12	15,722,366.25	-	-	822,878,817.87


Total		1,678,412,197.04			1,665,496,455.98	11,705,912.26	19,738,820.24	31,444,732.50	-	-	1,645,757,635.74


	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)

Remic 1				A-		839,206,098.52	992.304786	6.974397	11.760413	18.734809	980.544373

Remic 2				A-		839,206,098.52	992.304786	6.974397	11.760413	18.734809	980.544373


							Page 2 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC I & II
	Certificate Payment Report for October 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)

Remic 1	839,206,098.52		11,599,936.34		-	16,327,280.65	16,327,280.65	27,927,216.99	-	-	822,878,817.87

Remic 2	839,206,098.52		11,599,936.34		-	16,327,280.65	16,327,280.65	27,927,216.99	-	0.00	822,878,817.87


Total	1,678,412,197.04		23,199,872.68		-	32,654,561.30	32,654,561.30	55,854,433.99	-	0.00	1,645,757,635.74


	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)

Remic 1		832,748,227.99			5,852,956.13	-	-	-	5,852,956.13	5,852,956.13	-

Remic 2	8.10765%	832,748,227.99			5,852,956.13	-	-	-	5,852,956.13	5,852,956.13	-


Total		1,665,496,455.98			11,705,912.26	-	-	-	############	11,705,912.26	-


							Page 3 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC III
	Certificate Payment Report for October 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)

A-1		541,475,000.00			536,976,725.89	936,912.52	7,585,735.25	8,522,647.77	-	-	529,390,990.64
A-2		134,085,000.00			132,125,403.10	234,935.48	2,283,674.87	2,518,610.35	-	-	129,841,728.23
M-1		58,745,000.00			58,745,000.00	123,548.08	-	123,548.08	-	-	58,745,000.00
M-2		44,058,000.00			44,058,000.00	114,321.33	-	114,321.33	-	-	44,058,000.00
M-3		37,764,000.00			37,764,000.00	118,445.21	-	118,445.21	-	-	37,764,000.00
M-4-I		8,392,000.00			8,392,000.00	28,069.49	-	28,069.49	-	-	8,392,000.00
CE-I		14,686,998.52			14,686,999.00	4,070,127.36	-	4,070,127.36	-	-	14,686,999.00
P-I		100.00			100.00	226,596.66	-	226,596.66	-	-	100.00
R		-			-	-	-	-	-	-	-


Total		839,206,098.52			832,748,227.99	5,852,956.13	9,869,410.12	15,722,366.25	-	-	822,878,817.87


	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)

A-1	09/25/02	10/24/02		A-Act/360	03072SCZ6	541,475,000.00	991.692554	1.730297	14.009391	15.739688	977.683163
A-2	09/25/02	10/24/02		A-Act/360	03072SDA0	134,085,000.00	985.385413	1.752138	17.031546	18.783685	968.353867
M-1	09/25/02	10/24/02		A-Act/360	03072SDB8	58,745,000.00	1,000.000000	2.103125	-	2.103125	1,000.000000
M-2	09/25/02	10/24/02		A-Act/360	03072SDC6	44,058,000.00	1,000.000000	2.594792	-	2.594792	1,000.000000
M-3	09/25/02	10/24/02		A-Act/360	03072SDD4	37,764,000.00	1,000.000000	3.136458	-	3.136458	1,000.000000
M-4-I				A-Act/360		8,392,000.00	1,000.000000	3.344791	-	3.344791	1,000.000000
CE-I				A-30/360		14,686,998.52	1,000.000033	277.124516	-	277.124516	1,000.000033
P-I				A-		100.00	1,000.000000	2,265,966.600000	-	2,265,966.600000	1,000.000000
R				A-		-	-	-	-	-	-


							Page 4 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC III
	Certificate Payment Report for October 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)

A-1	541,475,000.00		1,879,981.48		11,242,844.21	841,165.15	12,084,009.36	13,963,990.84	-	-	529,390,990.64
A-2	134,085,000.00		472,936.36		3,936,149.27	307,122.50	4,243,271.77	4,716,208.13	-	-	129,841,728.23
M-1	58,745,000.00		246,912.58		-	-	-	246,912.58	-	-	58,745,000.00
M-2	44,058,000.00		228,504.98		-	-	-	228,504.98	-	-	44,058,000.00
M-3	37,764,000.00		236,772.41		-	-	-	236,772.41	-	-	37,764,000.00
M-4-I	8,392,000.00		56,112.76		-	-	-	56,112.76	-	-	8,392,000.00
CE-I	14,686,998.52		8,176,852.46		-	-	-	8,176,852.46	-	0.48	14,686,999.00
P-I	100.00		301,862.83		-	-	-	301,862.83	-	-	100.00
R	-		-		-	-	-	-	-	-	-


Total	839,206,098.52		11,599,935.86		15,178,993.48	1,148,287.65	16,327,281.13	27,927,216.99	-	0.48	822,878,817.87


	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)

A-1	2.09375%	536,976,725.89			936,912.52	-	-	-	936,912.52	936,912.52	-
A-2	2.13375%	132,125,403.10			234,935.48	-	-	-	234,935.48	234,935.48	-
M-1	2.52375%	58,745,000.00			123,548.08	-	-	-	123,548.08	123,548.08	-
M-2	3.11375%	44,058,000.00			114,321.33	-	-	-	114,321.33	114,321.33	-
M-3	3.76375%	37,764,000.00			118,445.21	-	-	-	118,445.21	118,445.21	-
M-4-I	4.01375%	8,392,000.00			28,069.49	-	-	-	28,069.49	28,069.49	-
CE-I		14,686,999.00			4,070,127.36	-	-	-	4,070,127.36	4,070,127.36	-
P-I		100.00			226,596.66	-	-	-	226,596.66	226,596.66	-
R		-			-	-	-	-	-	-	-


Total		832,748,227.99			5,852,956.13	-	-	-	5,852,956.13	5,852,956.13	-


							Page 5 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC IV
	Certificate Payment Report for October 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)

M-4		8,392,000.00			8,392,000.00	28,069.49	-	28,069.49	-	-	8,392,000.00
R-4		-			-	-	-	-	-	-	-


Total		8,392,000.00			8,392,000.00	28,069.49	-	28,069.49	-	-	8,392,000.00


	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)

M-4	09/25/02	10/24/02		A-Act/360	03072SDE2	8,392,000.00	1,000.000000	3.344791	-	3.344791	1,000.000000
R-4				A-		-	-	-	-	-	-


							Page 6 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC IV
	Certificate Payment Report for October 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)

M-4	8,392,000.00		56,112.76		-	-	-	56,112.76	-	-	8,392,000.00
R-4	-		-		-	-	-	-	-	-	-


Total	8,392,000.00		56,112.76		-	-	-	56,112.76	-	-	8,392,000.00


	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)

M-4	4.01375%	8,392,000.00			28,069.49	-	-	-	28,069.49	28,069.49	-
R-4		-			-	-	-	-	-	-	-


Total		8,392,000.00			28,069.49	-	-	-	28,069.49	28,069.49	-


							Page 7 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC V
	Certificate Payment Report for October 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)

CE		14,686,998.52			14,686,999.00	4,070,127.36	-	4,070,127.36	-	-	14,686,999.00
R-5		-			-	-	-	-	-	-	-


Total		14,686,998.52			14,686,999.00	4,070,127.36	-	4,070,127.36	-	-	14,686,999.00


	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)

CE	09/01/02	09/30/02		A-30/360		14,686,998.52	1,000.000033	277.124516	-	277.124516	1,000.000033
R-5				A-		-	-	-	-	-	-


							Page 8 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC V
	Certificate Payment Report for October 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)

CE	14,686,998.52		8,176,852.46		-	-	-	8,176,852.46	-	0.48	14,686,999.00
R-5	-		-		-	-	-	-	-	-	-


Total	14,686,998.52		8,176,852.46		-	-	-	8,176,852.46	-	0.48	14,686,999.00


	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)

CE		14,686,999.00			4,070,127.36	-	-	-	4,070,127.36	4,070,127.36	-
R-5		-			-	-	-	-	-	-	-


Total		14,686,999.00			4,070,127.36	-	-	-	4,070,127.36	4,070,127.36	-


							Page 9 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC VI
	Certificate Payment Report for October 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)

P		100.00			100.00	226,596.66	-	226,596.66	-	-	100.00
R-6		-			-	-	-	-	-	-	-

R-X		-			-	-	-	-	-	-	-


Total		100.00			100.00	226,596.66	-	226,596.66	-	-	100.00


	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)

P				A-		100.00	1,000.000000	2,265,966.600000	-	2,265,966.600000	1,000.000000
R-6				A-		-	-	-	-	-	-

R-X				A-		-	-	-	-	-	-


							Page 10 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates
	REMIC VI
	Certificate Payment Report for October 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)

P	100.00		301,862.83		-	-	-	301,862.83	-	-	100.00
R-6	-		-		-	-	-	-	-	-	-

R-X	-		-		-	-	-	-	-	-	-


Total	100.00		301,862.83		-	-	-	301,862.83	-	-	100.00


	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)

P		100.00			226,596.66	-	-	-	226,596.66	226,596.66	-
R-6		-			-	-	-	-	-	-	-

R-X	8.10765%	-			-	-	-	-	-	-	-


Total		100.00			226,596.66	-	-	-	226,596.66	226,596.66	-


							Page 11 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					2,283,674.87	7,585,735.25	9,869,410.12
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					2,283,674.87	7,585,735.25	9,869,410.12

	Interest Collections					1,078,250.97	4,656,818.17	5,735,069.14
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	226,596.66
	Interest Fees					(20,415.60)	(88,294.07)	(108,709.67)
	TOTAL NET INTEREST					1,057,835.37	4,568,524.10	5,852,956.13

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					3,341,510.24	12,154,259.35	15,722,366.25


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					119,222.61	454,202.50	573,425.11
	Prepayments In Full					2,159,399.40	7,094,659.68	9,254,059.08
	Curtailments					5,052.86	36,873.07	41,925.93
	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					(58,725.56)	(214,145.24)	(272,870.80)
	Advanced Principal					58,725.56	214,145.24	272,870.80

	TOTAL PRINCIPAL COLLECTED					2,283,674.87	7,585,735.25	9,869,410.12


				Page 12 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Collection Account Report for October 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

	Unutilized Pre-Funding Amount					0.00	0.00	0.00

	TOTAL OTHER ACCOUNTS PRINCIPAL					0.00	0.00	0.00


INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Interest					1,099,371.21	4,737,118.40	5,836,489.61
	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					(2,827.88)	(5,363.41)	(8,191.29)
	Compensating Interest					2,827.88	5,363.41	8,191.29
	Delinquent Interest					(572,551.32)	(2,311,762.68)	(2,884,314.00)
	Interest Advanced					551,431.08	2,231,462.45	2,782,893.53

	TOTAL INTEREST COLLECTED					1,078,250.97	4,656,818.17	5,735,069.14


				Page 13 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL

	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Prepayment Charges							226,596.66
	Capitalized Interest Requirement							0.00


	TOTAL INTEREST OTHER ACCOUNTS							226,596.66


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					20,031.52	86,735.07	106,766.59

	Trustee Fee					384.08	1,559.00	1,943.08



	TOTAL INTEREST OTHER FEES					20,415.60	88,294.07	108,709.67


				Page 14 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Credit Enhancement Report for October 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							14,686,999.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							0.00
	Overcollateralization Target Amount							14,686,999.00
	Excess Overcollateralization Amount							0.00

	Net WAC Rate Carryover Reserve Account							1,000.00


				Page 15 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					443	4434	4877
	Prior					439	4,410	4,849
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(5)	(41)	(46)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					434	4,369	4,803

	*Principal Balance:*
	Original					166,566,598.91	672,639,499.61	839,206,098.52
	Prior					164,607,002.16	668,141,225.83	832,748,227.99
	Prefunding					-	-	-
	Scheduled Principal					(119,222.61)	(454,202.50)	(573,425.11)
	Partial and Full Voluntary Prepayments					(2,164,452.26)	(7,131,532.75)	(9,295,985.01)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					162,323,327.29	660,555,490.58	822,878,817.87

PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 16 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					8.018603%	8.510557%	8.412914%
	Weighted Average Coupon Prior					8.018603%	8.510557%	8.412914%
	Weighted Average Coupon Current					8.014516%	8.507995%	8.410450%
	Weighted Average Months to Maturity Original					354	352	352
	Weighted Average Months to Maturity Prior					354	352	352
	Weighted Average Months to Maturity Current					353	351	351
	Weighted Avg Remaining Amortization Term Original					354	352	352
	Weighted Avg Remaining Amortization Term Prior					354	352	352
	Weighted Avg Remaining Amortization Term Current					353	351	351
	Weighted Average Seasoning Original					3.61	3.42	3.45
	Weighted Average Seasoning Prior					3.61	3.42	3.45
	Weighted Average Seasoning Current					4.60	4.41	4.45

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 17 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					4.757%	4.921%
	Weighted Average Margin Prior					4.757%	4.921%
	Weighted Average Margin Current					4.738%	4.917%
	Weighted Average Max Rate Original					12.438%	13.080%
	Weighted Average Max Rate Prior					12.438%	13.080%
	Weighted Average Max Rate Current					12.417%	13.074%
	Weighted Average Min Rate Original					8.044%	8.536%
	Weighted Average Min Rate Prior					8.044%	8.536%
	Weighted Average Min Rate Current					8.040%	8.534%
	Weighted Average Cap Up Original					0.732%	0.757%
	Weighted Average Cap Up Prior					0.732%	0.757%
	Weighted Average Cap Up Current					0.730%	0.757%
	Weighted Average Cap Down Original					0.732%	0.757%
	Weighted Average Cap Down Prior					0.732%	0.757%
	Weighted Average Cap Down Current					0.730%	0.757%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					20,031.52	86,735.07	106,766.59
	Delinquent Servicing Fees					21,120.23	80,300.24	101,420.47
	TOTAL SERVICING FEES					41,151.75	167,035.31	208,187.06


	Compensating Interest					(2,827.88)	(5,363.41)	(8,191.29)
	Delinquent Servicing Fees					21,120.23	(80,300.24)	(59,180.01)
	COLLECTED SERVICING FEES					59,444.10	81,371.66	140,815.76
	Aggregate Advances with respect to this Distribution					610,156.64	2,445,607.69	3,055,764.33
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative 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 18 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			9,161,791.32	3,329,460.40	-	12,491,251.72
		% Balance			1.11%	0.40%	0.00%	1.52%
		# Loans			57	21	-	78
		% # Loans			1.19%	0.44%	0.00%	1.62%
FORECLOSURE		Balance		-	-	-	48,629.88	48,629.88
		% Balance		0.00%	0.00%	0.00%	0.01%	0.01%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.02%	0.02%
BANKRUPTCY		Balance		942,893.55	-	-	-	942,893.55
		% Balance		0.11%	0.00%	0.00%	0.00%	0.11%
		# Loans		7	-	-	-	7
		% # Loans		0.15%	0.00%	0.00%	0.00%	0.15%
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		942,893.55	9,161,791.32	3,329,460.40	48,629.88	13,482,775.15
		% Balance		0.11%	1.11%	0.40%	0.01%	1.64%
		# Loans		7	57	21	1	86
		% # Loans		0.15%	1.19%	0.44%	0.02%	1.79%
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 19 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Group 1 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			7,269,211.14	2,273,849.58	-	9,543,060.72
		% Balance			1.10%	0.34%	0.00%	1.44%
		# Loans			52	18	-	70
		% # Loans			1.19%	0.41%	0.00%	1.60%
FORECLOSURE		Balance		-	-	-	48,629.88	48,629.88
		% Balance		0.00%	0.00%	0.00%	0.01%	0.01%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.02%	0.02%
BANKRUPTCY		Balance		942,893.55	-	-	-	942,893.55
		% Balance		0.14%	0.00%	0.00%	0.00%	0.14%
		# Loans		7	-	-	-	7
		% # Loans		0.16%	0.00%	0.00%	0.00%	0.16%
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		942,893.55	7,269,211.14	2,273,849.58	48,629.88	10,534,584.15
		% Balance		0.14%	1.10%	0.34%	0.01%	1.59%
		# Loans		7	52	18	1	78
		% # Loans		0.16%	1.19%	0.41%	0.02%	1.79%
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 20 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Group 2 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			1,892,580.18	1,055,610.82	-	2,948,191.00
		% Balance			1.17%	0.65%	0.00%	1.82%
		# Loans			5	3	-	8
		% # Loans			1.15%	0.69%	0.00%	1.84%
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		-	1,892,580.18	1,055,610.82	-	2,948,191.00
		% Balance		0.00%	1.17%	0.65%	0.00%	1.82%
		# Loans		-	5	3	-	8
		% # Loans		0.00%	1.15%	0.69%	0.00%	1.84%
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 21 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	REO Report for October 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 22 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Foreclosure Report for October 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 = 48,750.00				Loan Group 2 = Group 2 Group
Total Current Balance = 48,629.88


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

34574962 1		48,750.00	48,629.88	May-01-02	10.450%	AZ - 75.00%	360	Apr-10-02


				Page 23 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					5	41	46
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					5	41	46

	Paid in Full Balance					2,159,399.40	7,094,659.68	9,254,059.08
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					5,052.86	36,873.07	41,925.93
	Total Prepayment Amount					2,164,452.26	7,131,532.75	9,295,985.01

	*Cumulative*
	Number of Paid in Full Loans					9	65	74
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					9	65	74

	Paid in Full Balance					3,993,670.50	11,065,805.68	15,059,476.18
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					10,639.31	108,877.99	119,517.30
	Total Prepayment Amount					4,004,309.81	11,174,683.67	15,178,993.48

SPACE INTENTIONALLY LEFT BLANK


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


				Page 24 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					1.32%	1.07%	1.12%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.21%	0.84%	0.91%

	CPR					14.70%	12.09%	12.61%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					13.60%	9.57%	10.38%

	PSA					1596.75%	1369.54%	1416.64%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1655.98%	1222.60%	1313.55%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 25 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Prepayment Report for October 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 26 of 33				© COPYRIGHT 2002 Deutsche Bank


	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Prepayment Detail Report for October 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 46						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 9,276,475.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 9,254,059.08


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

34383729 1			96,000.00	95,692.78	Sep-11-02	8.300%	WA - 80.00%	Paid Off - 360	Mar-21-02
34475491 1			123,500.00	122,979.00	Oct-08-02	7.850%	OH - 95.00%	Paid Off - 360	Feb-22-02
34780437 1			116,250.00	116,062.75	Sep-26-02	10.500%	MA - 75.00%	Paid Off - 360	Apr-05-02
34966952 1			232,500.00	231,401.96	Sep-20-02	7.000%	NY - 75.00%	Paid Off - 360	Mar-12-02
35126143 1			160,000.00	159,506.05	Oct-10-02	7.350%	NY - 66.70%	Paid Off - 360	Apr-12-02
35190354 1			145,000.00	144,556.75	Sep-03-02	7.400%	MA - 69.70%	Paid Off - 360	Apr-11-02
35192657 1			245,000.00	244,234.57	Oct-08-02	8.750%	NM - 70.00%	Paid Off - 360	Apr-15-02
35300938 1			152,700.00	152,325.99	Sep-17-02	8.500%	NJ - 67.90%	Paid Off - 360	Apr-23-02
35376490 1			106,165.00	105,896.90	Oct-10-02	9.450%	CT - 85.00%	Paid Off - 360	Apr-01-02
35423821 1			174,250.00	173,856.91	Sep-26-02	8.900%	CA - 85.00%	Paid Off - 360	May-03-02
35425537 1			176,700.00	176,230.54	Oct-01-02	8.100%	CA - 95.00%	Paid Off - 360	Apr-15-02
35461698 1			195,000.00	194,586.64	Sep-18-02	9.200%	NY - 75.00%	Paid Off - 360	Apr-08-02
35503424 1			118,800.00	118,577.90	Sep-13-02	9.800%	MN - 80.00%	Paid Off - 360	Apr-09-02
35520972 1			310,000.00	309,023.88	Sep-11-02	7.250%	NY - 78.50%	Paid Off - 360	Apr-11-02
35528728 1			85,000.00	84,819.81	Oct-07-02	9.200%	MA - 85.00%	Paid Off - 360	Apr-22-02
35603935 1			260,000.00	259,220.89	Oct-02-02	7.500%	CA - 92.90%	Paid Off - 360	Apr-25-02
35614320 1			240,000.00	239,302.00	Sep-30-02	7.650%	CA - 75.00%	Paid Off - 360	Apr-17-02
35688027 1			250,000.00	249,315.40	Sep-30-02	7.950%	NY - 43.10%	Paid Off - 360	Apr-29-02
35694256 1			129,150.00	128,864.01	Oct-10-02	8.990%	MN - 90.00%	Paid Off - 360	Apr-24-02
35765684 1			293,310.00	292,576.82	Sep-26-02	8.400%	CA - 90.00%	Paid Off - 360	Apr-29-02
35826411 1			268,000.00	267,695.44	Sep-11-02	12.100%	TX - 80.00%	Paid Off - 360	Apr-30-02
35851708 1			256,000.00	255,416.50	Sep-19-02	8.850%	MA - 64.80%	Paid Off - 360	Apr-30-02
35853183 1			280,000.00	279,209.78	Sep-18-02	7.800%	MA - 80.00%	Paid Off - 360	Apr-29-02
35891316 1			153,000.00	152,929.50	Oct-07-02	12.990%	NY - 63.80%	Paid Off - 360	Jun-21-02
35891845 1			112,000.00	111,780.89	Oct-01-02	9.650%	NJ - 80.00%	Paid Off - 360	May-28-02
35906510 1			85,000.00	84,847.59	Sep-27-02	8.600%	MA - 37.00%	Paid Off - 360	May-06-02
35911478 1			81,000.00	80,884.90	Sep-19-02	9.750%	MA - 43.80%	Paid Off - 360	May-15-02
35931757 1			167,200.00	166,959.03	Oct-08-02	9.650%	CT - 80.00%	Paid Off - 360	May-01-02
35942028 1			280,000.00	279,455.13	Oct-08-02	8.200%	MA - 53.80%	Paid Off - 360	May-06-02
36021426 1			122,400.00	122,162.76	Sep-25-02	8.750%	MA - 90.00%	Paid Off - 360	May-08-02
36240885 1			153,000.00	152,736.72	Sep-26-02	8.800%	CA - 85.00%	Paid Off - 360	May-20-02
36263143 1			180,000.00	179,495.47	Sep-18-02	7.500%	MA - 68.20%	Paid Off - 360	May-28-02
36279396 1			75,000.00	74,893.03	Sep-13-02	9.700%	MN - 60.00%	Paid Off - 360	May-22-02
36296515 1			267,000.00	266,810.63	Oct-03-02	12.900%	CA - 60.00%	Paid Off - 360	May-17-02
36309110 1			104,000.00	103,747.94	Sep-12-02	9.050%	NV - 80.00%	Paid Off - 360	May-28-02
36349140 1			40,800.00	40,489.80	Sep-27-02	9.550%	MO - 64.80%	Paid Off - 180	May-24-02
36412252 1			243,000.00	242,433.50	Oct-01-02	7.300%	CA - 90.00%	Paid Off - 360	May-29-02
36622686 1			245,000.00	244,642.43	Sep-25-02	7.600%	MA - 70.00%	Paid Off - 360	Jun-12-02
36681393 1			98,000.00	97,674.31	Oct-01-02	8.200%	AZ - 86.00%	Paid Off - 240	Jun-28-02
36746949 1			115,000.00	114,832.15	Oct-08-02	7.600%	MA - 57.50%	Paid Off - 360	Jun-19-02
36828119 1			176,750.00	176,530.63	Oct-01-02	8.400%	CA - 94.80%	Paid Off - 360	Jun-25-02
34176396 2			331,500.00	330,370.65	Sep-26-02	7.990%	CA - 78.00%	Paid Off - 360	Mar-11-02
34600239 2			480,000.00	477,913.51	Sep-11-02	7.700%	AZ - 80.00%	Paid Off - 360	Mar-08-02
35387984 2			525,000.00	524,304.09	Sep-18-02	11.400%	NY - 53.00%	Paid Off - 360	Apr-22-02

					Page 27 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Prepayment Detail Report for October 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



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

35768670 2			500,000.00	498,912.43	Oct-02-02	7.650%	CA - 76.90%	Paid Off - 360	May-09-02
36483022 2			328,500.00	327,898.72	Sep-26-02	8.500%	CA - 90.00%	Paid Off - 360	May-30-02


					Page 28 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Realized Loss Report for October 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 29 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Realized Loss Report for October 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
	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

	Group 1
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 30 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Realized Loss Report for October 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 31 of 33				© COPYRIGHT 2002 Deutsche Bank


	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

	Realized Loss Detail Report for October 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 32 of 33				© COPYRIGHT 2002 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2002-AR1
	Asset Backed Certificates

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


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL

	Trigger Event in effect							No
	Stepdown Date has occurred							No

	Balances 60+ days							4,320,983.83
	Ending Balance							822,878,817.87
	Delinquency Percentage							0.53%

	Balance of Mezzanine and C Class							163,645,999.00
	Ending Balance							822,878,817.87
	*Credit Enhancement Percentage*							19.89%


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 A							0.00
	Net WAC Rate Carryover Amt: Class M-1							0.00
	Net WAC Rate Carryover Amt: Class M-2							0.00

	Net WAC Rate Carryover Amt: Class A unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-1 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-2 unpaid							0.00

	Libor for Current Period							1.813750%

	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00


				Page 33 of 33				© COPYRIGHT 2002 Deutsche Bank

AMERIQUEST MORT SEC INC ASSET BCKD PS THR CERT SER 2002-AR1 8-K/A