SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K 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~~May 2527, 2003 AMERIQUEST MORTGAGE SECURITIES INC. (as depositor, Ameriquest Mortgage Company, Master Servicer, and Deutsche Bank National Trust Company, as Trustee). AMERIQUEST MORTGAGE SEC INC ASSET BCK PS THR CERT SER 2003-3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-103335-01 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) 541-9960 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~~May 2527, 2003. 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 March 1,2003. Date: ~~May~~Jun 0102, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003.

	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	April 25, 2003 Distribution
	May 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				2221
			12.	Realized Loss Detail Report				2524
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2625
				Total Number of Pages				2625
			CONTACTS
				Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://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: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 7, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer
								Distribution Date: April 25, 2003
								Distribution Date: May 27, 2003
	Underwriter(s):		UBS Warburg Underwriter					Record Date: ~~April~~May 2423, 2003
								March 31, 2003
								April 30, 2003
						Page 1 of 26					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 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		162,938,000.00			~~162~~161,~~938~~744,~~000~~304.0034	~~483~~480,~~790~~245.0880	1,~~193~~032,~~695~~341.6627	1,~~677~~512,~~485~~587.7407	-	-	~~161~~160,~~744~~711,~~304~~963.3407
AV-1		624,674,000.00			~~624~~617,~~674~~711,~~000~~289.0030	1949,~~478,373~~902.4469	6,~~962~~825,~~710~~274.7042	87,~~441~~775,~~084~~177.1411	-	-	~~617~~610,~~711~~886,~~289~~014.3088
AV-2		111,636,000.00			~~111~~109,~~636~~034,~~000~~048.0073	~~252~~159,~~045~~916.4060	21,~~601~~348,~~951~~482.2751	21,~~853~~508,~~996~~399.6711	-	-	~~109~~107,~~034~~685,~~048~~566.7322
M-1		71,500,000.00			71,500,000.00	~~207~~134,~~168~~737.7778	-	~~207~~134,~~168~~737.7778	-	-	71,500,000.00
M-2		57,750,000.00			57,750,000.00	~~249~~162,~~862~~726.9967	-	~~249~~162,~~862~~726.9967	-	-	57,750,000.00
M-3		30,250,000.00			30,250,000.00	~~172~~112,~~054~~126.2367	-	~~172~~112,~~054~~126.2367	-	-	30,250,000.00
M-4		13,750,000.00			13,750,000.00	9561,~~050~~966.2267	-	9561,~~050~~966.2267	-	-	13,750,000.00
S		-			-	470,000.00	-	470,000.00	-	-	-
CE		27,494,968.92			27,~~494~~499,~~968~~944.9200	34,~~530~~333,~~447~~609.7938	-	34,~~530~~333,~~447~~609.7938	-	~~4,975.08~~-	27,499,944.00
P		100.00			100.00	90106,~~085~~541.8466	-	90106,~~085~~541.8466	-	-	100.00
R		-			-	-	-	-	-	-	-
Total		1,099,993,068.92			1,~~099~~089,~~993~~239,~~068~~686.9237	76,~~028~~971,~~878~~773.7692	109,~~758~~206,~~357~~098.6320	1716,~~787~~177,~~236~~872.3812	-	~~4,975.08~~-	1,~~089~~080,~~239~~033,~~686~~588.3717
	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				A-Act/360	03072SFD2	162,938,000.00	~~1,000~~992.~~000000~~673927	2.~~969167~~947414	76.~~326073~~335792	109.~~295240~~283206	~~992~~986.~~673927~~338135
AV-1	0304/0725/03	0405/2426/03		A-Act/360	03072SFL4	624,674,000.00	~~1,000~~988.~~000000~~853849	21.~~366632~~520637	1110.~~146151~~926138	1312.~~512783~~446776	~~988~~977.~~853849~~927711
AV-2	0304/0725/03	0405/2426/03		A-Act/360	03072SFE0	111,636,000.00	~~1,000~~976.~~000000~~692543	21.~~257743~~432482	2312.~~307457~~079280	2513.~~565200~~511762	~~976~~964.~~692543~~613263
M-1	0304/0725/03	0405/2426/03		A-Act/360	03072SFG5	71,500,000.00	1,000.000000	21.~~897465~~884444	-	21.~~897465~~884444	1,000.000000
M-2	0304/0725/03	0405/2426/03		A-Act/360	03072SFH3	57,750,000.00	1,000.000000	42.~~326632~~817778	-	42.~~326632~~817778	1,000.000000
M-3	0304/0725/03	0405/2426/03		A-Act/360	03072SFJ9	30,250,000.00	1,000.000000	53.~~687743~~706667	-	53.~~687743~~706667	1,000.000000
M-4	0304/0725/03	0405/2426/03		A-Act/360	03072SFK6	13,750,000.00	1,000.000000	64.~~912743~~506667	-	64.~~912743~~506667	1,000.000000
S				A-30/360	03072SFF7	112,800,000.00	1,000.000000	4.166667	-	4.166667	1,000.000000
CE				A-30/360		27,494,968.92	1,000.~~000000~~180945	~~128~~157.~~403411~~614631	-	~~128~~157.~~403411~~614631	1,000.180945
P				A-30/360		100.00	1,000.000000	~~900~~1,~~858~~065,416.~~400000~~600000	-	~~900~~1,~~858~~065,416.~~400000~~600000	1,000.000000
R				A-30/360		-	-	-	-	-	-
							Page 2 of 26				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 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	162,938,000.00		~~483~~964,~~790~~035.0888		12,~~101~~039,~~078~~764.8650	92186,~~616~~272.8043	12,~~193~~226,~~695~~036.6693	13,~~677~~190,~~485~~072.7481	-	-	~~161~~160,~~744~~711,~~304~~963.3407
AV-1	624,674,000.00		12,~~478~~428,~~373~~276.4413		612,~~422~~628,~~485~~560.9368	~~540~~1,~~224~~159,424.7744	613,~~962~~787,~~710~~985.7012	816,~~441~~216,~~084~~261.1425	-	-	~~617~~610,~~711~~886,~~289~~014.3088
AV-2	111,636,000.00		~~252~~411,~~045~~962.4000		23,~~400~~626,~~070~~216.3338	~~201~~324,~~880~~217.9440	23,~~601~~950,~~951~~433.2778	24,~~853~~362,~~996~~395.6778	-	-	~~109~~107,~~034~~685,~~048~~566.7322
M-1	71,500,000.00		~~207~~341,~~168~~906.7755		-	-	-	~~207~~341,~~168~~906.7755	-	-	71,500,000.00
M-2	57,750,000.00		~~249~~412,~~862~~589.9966		-	-	-	~~249~~412,~~862~~589.9966	-	-	57,750,000.00
M-3	30,250,000.00		~~172~~284,~~054~~180.2390		-	-	-	~~172~~284,~~054~~180.2390	-	-	30,250,000.00
M-4	13,750,000.00		95157,~~050~~016.2289		-	-	-	95157,~~050~~016.2289	-	-	13,750,000.00
S	-		~~470~~940,000.00		-	-	-	~~470~~940,000.00	-	-	-
CE	27,494,968.92		37,~~530~~864,~~447~~057.7917		-	-	-	37,~~530~~864,~~447~~057.7917	-	4,975.08	27,499,944.00
P	100.00		90196,~~085~~627.8450		-	-	-	90196,~~085~~627.8450	-	-	100.00
R	-		-		-	-	-	-	-	-	-
Total	1,099,993,068.92		714,~~028~~000,~~878~~652.7668		918,~~923~~294,~~635~~541.1256	~~834~~1,~~722~~669,914.5127	1019,~~758~~964,~~357~~455.6383	1733,~~787~~965,~~236~~108.3850	-	4,975.08	1,~~089~~080,~~239~~033,~~686~~588.3717
	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	3.56300%	~~162~~161,~~938~~744,~~000~~304.0034			~~483~~480,~~790~~245.0880	-	-	-	~~483~~480,~~790~~245.0880	~~483~~480,~~790~~245.0880	-
AV-1	1.~~73875~~73000%	~~624~~617,~~674~~711,~~000~~289.0030			1949,~~478,373~~902.4469	-	-	-	1949,~~478,373~~902.4469	1949,~~478,373~~902.4469	-
AV-2	1.~~65875~~65000%	~~111~~109,~~636~~034,~~000~~048.0073			~~252~~159,~~045~~916.4060	-	-	-	~~252~~159,~~045~~916.4060	~~252~~159,~~045~~916.4060	-
M-1	2.~~12875~~12000%	71,500,000.00			~~207~~134,~~168~~737.7778	-	-	-	~~207~~134,~~168~~737.7778	~~207~~134,~~168~~737.7778	-
M-2	3.~~17875~~17000%	57,750,000.00			~~249~~162,~~862~~726.9967	-	-	-	~~249~~162,~~862~~726.9967	~~249~~162,~~862~~726.9967	-
M-3	4.~~17875~~17000%	30,250,000.00			~~172~~112,~~054~~126.2367	-	-	-	~~172~~112,~~054~~126.2367	~~172~~112,~~054~~126.2367	-
M-4	5.~~07875~~07000%	13,750,000.00			9561,~~050~~966.2267	-	-	-	9561,~~050~~966.2267	9561,~~050~~966.2267	-
S	5.00000%	112,800,000.00			470,000.00	-	-	-	470,000.00	470,000.00	-
CE		27,~~494~~499,~~968~~944.9200			34,~~530~~333,~~447~~609.7938	-	-	-	34,~~530~~333,~~447~~609.7938	34,~~535~~333,~~422~~609.8738	-
P		100.00			90106,~~085~~541.8466	-	-	-	90106,~~085~~541.8466	90106,~~085~~541.8466	-
R		-			-	-	-	-	-	-	-
Total		1,~~212~~202,~~793~~039,~~068~~686.9237			76,~~028~~971,~~878~~773.7692	-	-	-	76,~~028~~971,~~878~~773.7692	76,~~033~~971,~~853~~773.8492	-
							Page 3 of 26				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				21,~~600~~348,~~748~~482.0351	1,~~193~~032,~~143~~341.6527	6,~~959~~825,~~490~~275.8717	109,~~753~~206,~~382~~098.5595
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				21,~~600~~348,~~748~~482.0351	1,~~193~~032,~~143~~341.6527	6,~~959~~825,~~490~~275.8717	109,~~753~~206,~~382~~098.5595
	Interest Collections				~~838~~815,~~606~~857.4506	1,~~199~~181,~~784~~747.2784	54,~~030~~944,~~011~~514.1671	76,~~068~~942,~~401~~119.8861
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	90106,~~085~~541.8466
	Interest Fees				(149,~~275~~817.7706)	(2414,~~733~~473.8041)	(8552,~~624~~597.3162)	(~~124~~76,~~633~~888.8810)
	TOTAL NET INTEREST				~~824~~806,~~330~~040.6800	1,~~175~~167,~~050~~274.4743	4,~~944~~891,~~386~~917.8509	76,~~033~~971,~~853~~773.8417
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				32,~~425~~154,~~078~~522.7151	2,~~368~~199,~~194~~615.1270	11,~~903~~717,~~877~~192.7226	1716,~~787~~177,~~236~~872.3912
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received				98,~~588~~722.7759	184,~~515~~790.8260	551,~~617~~678.9257	~~834~~835,~~722~~191.5176
	Prepayments In Full				21,~~492~~249,~~616~~756.4402	~~354~~828,~~833~~050.4683	45,~~309~~864,~~277~~003.2646	7,~~156~~941,~~727~~810.1631
	Curtailments				~~9,542~~3.8290	3019,~~537~~499.2684	~~134~~47,~~886~~280.0355	~~174~~66,~~966~~784.1129
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0.00	~~623,257~~0.1100	1362,~~963,709~~311.6684	2362,~~586,966~~311.7784
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(7481,~~499~~042.8691)	(~~126~~153,~~733~~377.9106)	(~~401~~458,~~096~~542.9741)	(~~602~~692,~~330~~962.7438)
	Advanced Principal				7481,~~499~~042.8691	~~126~~153,~~733~~377.9106	~~401~~458,~~096~~542.9741	~~602~~692,~~330~~962.7438
	TOTAL PRINCIPAL COLLECTED				21,~~600~~348,~~748~~482.0351	1,~~193~~032,~~143~~341.6527	6,~~959~~825,~~490~~275.8717	109,~~753~~206,~~382~~098.5595
				Page 4 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	TOTAL OTHER ACCOUNTS PRINCIPAL				0.00	0.00	0.00	0.00
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				~~881~~862,~~457~~078.2761	1,~~253~~250,~~910~~153.6332	5,~~248~~206,~~478~~001.92	7,~~383~~318,~~846~~233.8285
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				0.00	~~4,517~~0.8700	152,~~567~~869.0794	202,~~084~~869.94
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Relief Act Interest Shortfalls				0.00	0.00	0(207.0002)	0(207.0002)
	Prepayment Interest Shortfalls				(1,~~788~~916.7412)	(~~487~~825.1965)	(65,~~615~~383.3815)	(8,~~891~~124.3192)
	Compensating Interest				1,~~788~~916.7412	~~487~~825.1965	65,~~615~~383.3815	8,~~891~~124.3192
	Delinquent Interest				(~~664~~715,~~640~~818.7176)	(~~889~~1,~~206~~035,997.6641)	(34,~~897~~385,~~964~~717.6099)	(56,~~451~~137,~~811~~534.9716)
	Interest Advanced				~~621~~669,~~789~~597.8921	~~830~~967,~~562~~591.4393	34,~~663~~121,~~929~~567.7786	5,~~116~~758,~~282~~757.0900
	TOTAL INTEREST COLLECTED				~~838~~815,~~606~~857.4506	1,~~199~~181,~~784~~747.2784	54,~~030~~944,~~011~~514.1671	76,~~068~~942,~~401~~119.8861
				Page 5 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					GROUP 3	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 3	GROUP 2	GROUP 1	TOTAL
	Prepayment Charges							90106,~~085~~541.8466
	Master Servicer Prepayment Charges				0.00	0.00	0.00	0.00
	Capitalized Interest Deposit				0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER ACCOUNTS				0.00	0.00	0.00	90106,~~085~~541.8466
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				149,~~048~~593.1780	2414,~~401~~143.6222	8451,~~350~~335.7768	~~122~~75,~~800~~072.5670
	Trustee Fee				~~227~~223.6026	~~332~~330.1819	1,~~273~~261.5494	1,~~833~~815.3240
	PMI Fees				0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER FEES				149,~~275~~817.7706	2414,~~733~~473.8041	8552,~~624~~597.3162	~~124~~76,~~633~~888.8810
				Page 6 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for April 25, 2003 Distribution
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Reserve Account							1,000.00
	Interest Coverage Account Beginning Balance							0.00
	Interest Coverage Account Withdrawals							0.00
	Interest Coverage Account Deposits							0.00
	Interest Coverage Account Ending Balance							0.00
	Prefunding Account Beginning Balance							0.00
	Prefunding Account Withdrawals							0.00
	Prefunding Account Ending Balance							0.00
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							27,499,944.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							~~4,975~~0.0800
	Overcollateralization Target Amount							27,499,944.00
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							~~4,975~~0.0800
				Page 7 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collateral Report for April 25, 2003 Distribution
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				343	1210	5378	6931
	Prior				-337	-1,202	-5,337	-6,876
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(63)	(35)	(2530)	(3438)
	Repurchases				-	~~(5)~~-	(162)	(212)
	Liquidations				-	-	-	-
	Current				~~337~~334	1,~~202~~197	5,~~337~~305	6,~~876~~836
	Principal Balance:
	Original				136,557,596.02	199,310,032.69	764,125,440.21	1,099,993,068.92
	Prior				-133,956,847.99	-198,116,889.04	-757,165,949.34	-1,089,239,686.37
	Prefunding				-	-	-	-
	Scheduled Principal				(98,~~588~~722.7759)	(184,~~515~~790.8260)	(551,~~617~~678.9257)	(~~834~~835,~~722~~191.5176)
	Partial and Full Voluntary Prepayments				(21,~~502~~249,~~159~~759.2692)	(~~385~~847,~~370~~550.7267)	(45,~~444~~911,~~163~~284.2901)	(78,~~331~~008,~~693~~594.2760)
	Repurchases				-	~~(623,257.11)~~-	(1362,~~963,709~~311.6684)	(2362,~~586,966~~311.7784)
	Liquidations				-	-	-	-
	Current				~~133~~132,~~956~~608,~~847~~365.9948	~~198~~197,~~116~~084,~~889~~547.0477	~~757~~750,~~165~~340,~~949~~674.3492	1,~~089~~080,~~239~~033,~~686~~588.3717
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
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	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				7.745807%	7.576709%	8.266778%	8.077067%
	Weighted Average Coupon Prior				7.745807%	7.576709%	8.266778%	8.077067%
	Weighted Average Coupon Current				7.~~745807~~722594%	7.~~576709~~572217%	8.~~266778~~255319%	8.~~077067~~065557%
	Weighted Average Months to Maturity Original				358	342	352	351
	Weighted Average Months to Maturity Prior				-358	-342	-352	-351
	Weighted Average Months to Maturity Current				~~358~~357	~~342~~341	~~352~~351	~~351~~350
	Weighted Avg Remaining Amortization Term Original				357	341	352	351
	Weighted Avg Remaining Amortization Term Prior				-357	-341	-352	-351
	Weighted Avg Remaining Amortization Term Current				~~357~~356	~~341~~340	~~352~~351	~~351~~350
	Weighted Average Seasoning Original				2.00	2.13	2.21	2.17
	Weighted Average Seasoning Prior				-2.00	-2.13	-2.21	-2.17
	Weighted Average Seasoning Current				23.00	23.13	23.21	23.17
Note: Original information refers to deal issue.
	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
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	Collateral Report
ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original				6.240%		5.271%
	Weighted Average Margin Prior				6.240%		5.271%
	Weighted Average Margin Current				6.~~240~~243%		5.~~271~~270%
	Weighted Average Max Rate Original				13.746%	0.017%	12.207%
	Weighted Average Max Rate Prior				13.746%	0.017%	12.207%
	Weighted Average Max Rate Current				13.~~746~~726%	0.017%	12.~~207~~195%
	Weighted Average Min Rate Original				7.746%	0.017%	7.107%
	Weighted Average Min Rate Prior				7.746%	0.017%	7.107%
	Weighted Average Min Rate Current				7.~~746~~726%	0.017%	7.~~107~~096%
	Weighted Average Cap Up Original				1.000%		0.850%
	Weighted Average Cap Up Prior				1.000%		0.850%
	Weighted Average Cap Up Current				1.000%		0.850%
	Weighted Average Cap Down Original				1.000%		0.850%
	Weighted Average Cap Down Prior				1.000%		0.850%
	Weighted Average Cap Down Current				1.000%		0.850%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				149,~~048~~593.1780	2414,~~401~~143.6222	8451,~~350~~335.7768	~~122~~75,~~800~~072.5670
	Delinquent Servicing Fees				4246,~~850~~221.8355	5868,~~644~~405.2348	~~234~~264,~~034~~150.8313	~~335~~378,~~529~~777.8916
	TOTAL SERVICING FEES				5655,~~899~~815.0035	8382,~~045~~548.8570	~~318~~315,~~385~~485.6081	~~458~~453,~~330~~849.4586
	Compensating Interest				(1,~~788~~916.7412)	(~~487~~825.1965)	(65,~~615~~383.3815)	(8,~~891~~124.3192)
	Delinquent Servicing Fees				(4246,~~850~~221.8355)	(5868,~~644~~405.2348)	(~~234~~264,~~034~~150.8313)	(~~335~~378,~~529~~777.8916)
	COLLECTED SERVICING FEES				127,~~259~~677.4368	2313,~~914~~317.4357	7745,~~735~~952.3953	~~113~~66,~~909~~947.2578
	Aggregate Advances with respect to this Distribution				~~696~~750,~~289~~640.7512	~~957~~1,~~296~~120,968.3499	4,~~065~~580,~~026~~110.7427	56,~~718~~451,~~612~~719.8338
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall				0.00	0.00	0.00	0.00
	Aggregate Relief Act Shortfalls							0207.0002
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	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~882~~4,~~841~~073,293.0200	-490,182.95	-	~~882~~4,~~841~~563,475.0295
		% Balance			0.0838%	0.0005%	0.00%	0.0842%
		# Loans			627	-3	-	630
		% # Loans			0.0939%	0.0004%	0.00%	0.0944%
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		~~195~~395,~~795~~239.2309	-89,955.78	-	-	~~195~~485,~~795~~194.2387
		% Balance		0.0204%	0.0001%	0.00%	0.00%	0.0204%
		# Loans		24	-1	-	-	25
		% # Loans		0.0306%	0.0001%	0.00%	0.00%	0.0307%
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		~~195~~395,~~795~~239.2309	~~882~~4,~~841~~163,248.0278	-490,182.95	-	15,~~078~~048,~~636~~670.2582
		% Balance		0.0204%	0.0839%	0.0005%	0.00%	0.1047%
		# Loans		24	628	-3	-	835
		% # Loans		0.0306%	0.0941%	0.0004%	0.00%	0.1251%
Note: <1 Payment = 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.
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	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~575~~3,~~648~~258,154.8996	-490,182.95	-	~~575~~3,~~648~~748,337.8991
		% Balance			0.0843%	0.0007%	0.00%	0.0850%
		# Loans			525	-3	-	528
		% # Loans			0.0947%	0.0006%	0.00%	0.0953%
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		~~195~~395,~~795~~239.2309	-89,955.78	-	-	~~195~~485,~~795~~194.2387
		% Balance		0.0305%	0.0001%	0.00%	0.00%	0.0306%
		# Loans		24	-1	-	-	25
		% # Loans		0.0408%	0.0002%	0.00%	0.00%	0.0409%
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		~~195~~395,~~795~~239.2309	~~575~~3,~~648~~348,110.8974	-490,182.95	-	~~771~~4,~~444~~233,532.1278
		% Balance		0.0305%	0.0845%	0.0007%	0.00%	0.1056%
		# Loans		24	526	-3	-	733
		% # Loans		0.0408%	0.0949%	0.0006%	0.00%	0.1362%
Note: <1 Payment = 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.
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	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~307,192.13~~-	-	-	~~307,192.13~~-
		% Balance			0.1600%	0.00%	0.00%	0.1600%
		# Loans			1-	-	-	1-
		% # Loans			0.0800%	0.00%	0.00%	0.0800%
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		-	~~307,192.13~~-	-	-	~~307,192.13~~-
		% Balance		0.00%	0.1600%	0.00%	0.00%	0.1600%
		# Loans		-	1-	-	-	1-
		% # Loans		0.00%	0.0800%	0.00%	0.00%	0.0800%
Note: <1 Payment = 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.
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	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-815,138.04	-	-	-815,138.04
		% Balance			0.0061%	0.00%	0.00%	0.0061%
		# Loans			-2	-	-	-2
		% # Loans			0.0060%	0.00%	0.00%	0.0060%
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		-	-815,138.04	-	-	-815,138.04
		% Balance		0.00%	0.0061%	0.00%	0.00%	0.0061%
		# Loans		-	-2	-	-	-2
		% # Loans		0.00%	0.0060%	0.00%	0.00%	0.0060%
Note: <1 Payment = 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 14 of 26				© COPYRIGHT 2003 Deutsche Bank
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	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				Loan Group 3 = Group 3 Group; REO Book Value = 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
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SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group
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
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	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans				63	35	2530	3438
	Number of Repurchased Loans				-	5-	162	212
	Total Number of Loans Prepaid in Full				63	85	4132	5540
	Paid in Full Balance				21,~~492~~249,~~616~~756.4402	~~354~~828,~~833~~050.4683	45,~~309~~864,~~277~~003.2646	7,~~156~~941,~~727~~810.1631
	Repurchased Loans Balance				-	~~623,257.11~~-	1362,~~963,709~~311.6684	2362,~~586,966~~311.7784
	Curtailments Amount				~~9,542~~3.8290	3019,~~537~~499.2684	~~134~~47,~~886~~280.0355	~~174~~66,~~966~~784.1129
	Total Prepayment Amount				21,~~502~~249,~~159~~759.2692	1847,~~008,627~~550.8367	6,~~407~~273,~~872~~595.9585	98,~~918~~370,~~660~~906.0444
	Cumulative
	Number of Paid in Full Loans				69	38	2555	3472
	Number of Repurchased Loans				-	5	1618	2123
	Total Number of Loans Prepaid in Full				69	813	4173	5595
	Paid in Full Balance				23,~~492~~742,~~616~~372.4446	~~354~~1,~~833~~182,884.4629	410,~~309~~173,~~277~~280.2672	715,~~156~~098,~~727~~537.1647
	Repurchased Loans Balance				-	623,257.11	12,~~963~~326,~~709~~021.6650	2,~~586~~949,~~966~~278.7761
	Curtailments Amount				9,~~542~~546.8272	3050,~~537~~037.2610	~~134~~182,~~886~~166.0358	~~174~~241,~~966~~750.1140
	Total Prepayment Amount				23,~~502~~751,~~159~~919.2618	1,~~008~~856,~~627~~178.8350	612,~~407~~681,~~872~~468.9580	918,~~918~~289,~~660~~566.0448
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
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VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	SMM				10.8393%	0.5143%	0.8483%	0.9077%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.8338%	0.5147%	0.8483%	0.9084%
	CPR				1910.9165%	5.9102%	9.6251%	108.3185%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off				1915.9141%	5.9147%	9.6256%	109.3158%
	PSA				~~4982~~1775.0716%	~~1384~~802.9750%	~~2172~~1481.9266%	~~2372~~1396.1954%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~4982~~3083.0715%	~~1384~~1038.97%	~~2172~~1763.9283%	~~2372~~1793.1997%
	Group 1		Group 3
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
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	Group 1		Group 3
	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.
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SUMMARY						LOAN GROUP
Total Loan Count = 55						Loan Group 1 = Group 1 Group
Total Loan Count = 40						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 9,755,660.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 8,369,121.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 9,743,693.93						Loan Group 3 = Group 3 Group
Total Prepayment Amount = 8,304,122.15						Loan Group 3 = Group 3 Group
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
37875846 1			50,100.00	49,938.30	Mar-18-03	8.259%	PA - 52.19%	Paid Off - 360	Sep-30-02
38862652 1			200,001.00	199,513.55	May-06-03	10.500%	NY - 63.49%	Paid Off - 360	Sep-30-02
37941960 1			306,000.00	304,820.87	Apr-02-03	8.300%	NY - 90.00%	Paid Off - 360	Aug-28-02
39380431 1			296,000.00	295,062.38	Apr-24-03	8.350%	MA - 80.00%	Paid Off - 360	Oct-03-02
38618203 1			130,000.00	129,476.57	Mar-31-03	7.150%	NJ - 38.81%	Paid Off - 360	Sep-23-02
39495866 1			112,500.00	112,244.04	May-05-03	9.950%	CA - 75.00%	Paid Off - 360	Oct-31-02
38733986 1			208,000.00	207,622.28	Mar-25-03	11.000%	NJ - 80.00%	Paid Off - 360	Sep-27-02
39834551 1			148,600.00	148,289.21	Apr-16-03	9.500%	MA - 56.08%	Paid Off - 360	Nov-21-02
39006341 1			121,000.00	120,628.22	Mar-26-03	8.500%	MN - 65.41%	Paid Off - 360	Sep-30-02
39877410 1			210,000.00	209,354.83	May-02-03	8.500%	NY - 70.00%	Paid Off - 360	Oct-23-02
39339023 1			127,500.00	127,312.92	Apr-07-03	10.999%	NJ - 85.00%	Paid Off - 360	Oct-16-02
40219966 1			162,000.00	161,754.06	Apr-28-03	10.775%	MN - 67.50%	Paid Off - 360	Nov-13-02
39915384 1			153,000.00	152,761.61	Mar-25-03	10.655%	IL - 85.00%	Paid Off - 360	Oct-30-02
40388563 1			220,000.00	219,473.71	Apr-17-03	8.615%	WI - 78.57%	Paid Off - 360	Nov-30-02
40752594 1			140,400.00	140,284.83	Mar-27-03	12.250%	MN - 90.00%	Paid Off - 360	Nov-25-02
40470171 1			325,000.00	324,528.97	May-05-03	10.990%	NY - 74.71%	Paid Off - 360	Nov-26-02
40948903 1			76,500.00	76,425.23	Mar-26-03	9.550%	IL - 85.00%	Paid Off - 360	Jan-03-03
40472375 1			318,750.00	317,794.84	Apr-30-03	7.500%	PA - 85.00%	Paid Off - 360	Nov-27-02
41537754 1			114,750.00	114,676.83	Apr-01-03	8.250%	AZ - 85.00%	Paid Off - 360	Jan-17-03
40768525 1			152,000.00	151,700.81	Apr-16-03	9.555%	ME - 60.80%	Paid Off - 360	Nov-27-02
41740846 1			147,000.00	146,871.56	Mar-27-03	6.675%	NJ - 73.50%	Paid Off - 360	Jan-08-03
41255845 1			73,000.00	72,959.83	May-07-03	12.200%	NY - 78.50%	Paid Off - 360	Jan-10-03
41894577 1			110,500.00	110,465.45	Mar-06-03	11.600%	MN - 65.00%	Paid Off - 360	Jan-31-03
41505850 1			126,000.00	125,789.87	May-07-03	6.999%	CA - 90.00%	Paid Off - 360	Jan-16-03
41929647 1			64,600.00	64,438.32	Apr-03-03	9.600%	AL - 85.00%	Paid Off - 180	Jan-16-03
41961053 1			234,650.00	234,317.69	May-07-03	7.750%	UT - 95.00%	Paid Off - 360	Jan-15-03
42025171 1			215,000.00	214,947.98	Mar-21-03	12.750%	CA - 84.31%	Paid Off - 360	Jan-27-03
42083402 1			267,500.00	267,057.31	Apr-30-03	6.990%	FL - 76.43%	Paid Off - 360	Jan-15-03
42100669 1			255,000.00	254,864.29	Mar-21-03	9.125%	CA - 68.00%	Paid Off - 360	Jan-24-03
42099994 1			182,750.00	182,548.86	Apr-28-03	8.999%	SC - 85.00%	Paid Off - 360	Jan-15-03
42276576 1			50,000.00	49,977.83	Mar-28-03	9.990%	IN - 49.02%	Paid Off - 360	Jan-31-03
42170084 1			185,500.00	185,379.26	May-07-03	8.150%	MA - 70.00%	Paid Off - 360	Feb-11-03
42359190 1			83,000.00	82,921.24	Apr-04-03	6.250%	CO - 43.68%	Paid Off - 360	Jan-13-03
42230102 1			298,000.00	297,855.03	Apr-14-03	12.750%	WA - 87.65%	Paid Off - 360	Jan-28-03
42423731 1			433,500.00	433,341.16	Mar-11-03	10.875%	IL - 85.00%	Paid Off - 360	Jan-30-03
42262873 1			148,000.00	147,756.17	Apr-16-03	6.990%	MI - 59.92%	Paid Off - 360	Jan-21-03
42450056 1			242,000.00	241,918.29	Apr-01-03	11.250%	CA - 60.50%	Paid Off - 360	Jan-30-03
42312645 1			245,500.00	245,216.47	May-07-03	8.750%	OH - 92.99%	Paid Off - 360	Jan-27-03
42518753 1			188,500.00	188,326.25	Mar-31-03	6.400%	MA - 53.10%	Paid Off - 360	Feb-10-03
42334599 1			155,000.00	154,757.43	Apr-11-03	7.250%	PA - 77.50%	Paid Off - 360	Jan-15-03
42610618 1			281,250.00	281,164.94	Apr-09-03	11.750%	CA - 40.18%	Paid Off - 360	Jan-31-03
42379552 1			144,000.00	93,774.64	Apr-21-03	7.250%	IL - 90.00%	Paid Off - 360	Jan-31-03
42851394 1			184,500.00	184,388.23	Mar-31-03	8.500%	CA - 90.00%	Paid Off - 360	Jan-24-03
42386474 1			280,500.00	280,299.04	Apr-18-03	11.000%	CA - 86.84%	Paid Off - 360	Jan-31-03
42880625 1			204,000.00	203,856.01	Mar-19-03	7.750%	WA - 76.98%	Paid Off - 360	Jan-30-03
42436881 1			161,500.00	161,377.42	Apr-29-03	10.750%	MD - 85.00%	Paid Off - 360	Jan-28-03
42934000 1			140,000.00	139,938.05	Mar-18-03	9.999%	IL - 56.00%	Paid Off - 360	Jan-31-03
42591677 1			93,000.00	92,839.40	May-06-03	6.750%	MA - 67.88%	Paid Off - 360	Feb-03-03
42987594 1			287,910.00	287,910.00	Mar-31-03	8.550%	IL - 90.00%	Paid Off - 360	Feb-11-03
42780007 1			225,000.00	224,558.56	Apr-17-03	6.090%	CA - 58.44%	Paid Off - 360	Jan-28-03
38974812 2			71,500.00	70,861.68	Mar-17-03	7.250%	NJ - 46.13%	Paid Off - 240	Oct-18-02
42939843 1			261,000.00	260,488.90	May-05-03	6.999%	NJ - 88.18%	Paid Off - 240	Feb-07-03
42471243 2			137,000.00	136,760.09	Apr-03-03	7.750%	ME - 83.03%	Paid Off - 240	Jan-29-03
43003086 1			322,700.00	322,389.56	May-08-03	9.625%	NJ - 84.92%	Paid Off - 360	Jan-30-03
42734962 2			147,600.00	147,211.69	Apr-09-03	9.050%	IL - 90.00%	Paid Off - 180	Jan-30-03
43040815 1			64,000.00	63,938.75	May-09-03	9.650%	IA - 83.12%	Paid Off - 360	Jan-31-03
40153140 3			336,000.00	334,852.17	Mar-07-03	7.500%	RI - 73.04%	Paid Off - 360	Oct-31-02
43142470 1			175,500.00	175,367.27	May-05-03	10.750%	MN - 83.57%	Paid Off - 360	Jan-31-03
42209445 3			357,000.00	356,794.60	Apr-02-03	8.750%	CA - 85.00%	Paid Off - 360	Jan-24-03
43222033 1			136,000.00	135,615.60	May-01-03	8.250%	CO - 41.85%	Paid Off - 180	Feb-11-03
42267674 3			481,750.00	481,392.47	Mar-27-03	7.500%	MN - 91.76%	Paid Off - 360	Jan-14-03
38856522 2			127,500.00	126,368.82	Apr-28-03	9.250%	RI - 84.44%	Paid Off - 240	Sep-27-02
42620724 3			380,000.00	379,824.58	Mar-20-03	9.800%	CA - 73.08%	Paid Off - 360	Jan-21-03
38952891 2			175,500.00	174,998.62	May-05-03	9.750%	MN - 88.19%	Paid Off - 360	Sep-23-02
42713917 3			340,000.00	339,752.62	Mar-26-03	7.599%	CA - 73.91%	Paid Off - 360	Jan-29-03
41413352 2			308,000.00	307,192.13	Apr-22-03	6.700%	MN - 94.77%	Paid Off - 360	Dec-20-02
42841866 3			600,000.00	600,000.00	Apr-03-03	10.750%	IL - 73.17%	Paid Off - 360	Feb-14-03
42374314 2			148,500.00	147,559.43	Apr-15-03	6.990%	IL - 90.00%	Paid Off - 180	Jan-29-03
39378344 1			245,000.00	243,514.20	Apr-10-03	8.990%	MI - 68.06%	Repur/Subs - 240	Oct-31-02
42464867 2			72,000.00	71,931.83	Apr-17-03	9.700%	NM - 90.00%	Paid Off - 360	Jan-31-03
39667126 1			85,000.00	84,951.10	Apr-02-03	12.000%	WI - 54.84%	Repur/Subs - 360	Dec-31-02
42086371 3			480,000.00	479,573.45	Apr-14-03	9.999%	IL - 75.00%	Paid Off - 360	Jan-24-03
39906953 1			176,250.00	175,879.63	Apr-10-03	9.250%	MI - 75.00%	Repur/Subs - 360	Oct-29-02
42100529 3			359,000.00	358,827.31	Apr-16-03	12.800%	CA - 87.14%	Paid Off - 360	Jan-30-03
40575052 1			78,000.00	77,976.41	Mar-28-03	11.750%	OH - 75.00%	Repur/Subs - 360	Jan-27-03
42450726 3			412,000.00	411,355.26	Apr-30-03	7.250%	CA - 82.40%	Paid Off - 360	Jan-29-03
41677238 1			163,000.00	162,902.44	Apr-10-03	8.559%	MN - 88.11%	Repur/Subs - 360	Jan-31-03
41802844 1			64,320.00	64,262.84	May-08-03	9.999%	OH - 77.49%	Repur/Subs - 360	Jan-31-03
41739236 1			108,000.00	107,927.51	Mar-28-03	7.999%	CA - 88.53%	Repur/Subs - 360	Jan-28-03
41939307 1			298,350.00	298,049.00	Apr-24-03	9.399%	NJ - 65.28%	Repur/Subs - 360	Jan-31-03
41753468 1			110,000.00	109,919.97	Mar-27-03	7.599%	TX - 80.00%	Repur/Subs - 360	Jan-30-03
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
41907445 1			154,000.00	153,891.30	Mar-25-03	7.750%	TX - 67.25%	Repur/Subs - 360	Jan-30-03
42139915 1			67,500.00	67,474.59	Mar-25-03	10.750%	TX - 75.00%	Repur/Subs - 360	Jan-31-03
42183723 1			78,200.00	78,152.13	Mar-27-03	8.450%	AZ - 85.00%	Repur/Subs - 360	Jan-16-03
					Page 20 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 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
42283994 1			68,000.00	67,964.75	Mar-27-03	9.250%	FL - 85.00%	Repur/Subs - 360	Jan-27-03
42296913 1			96,000.00	95,947.45	Mar-21-03	8.990%	FL - 75.00%	Repur/Subs - 360	Jan-31-03
42312181 1			54,400.00	54,371.79	Mar-25-03	9.249%	SC - 80.00%	Repur/Subs - 360	Jan-28-03
42600262 1			301,750.00	301,636.39	Mar-17-03	10.750%	IL - 86.21%	Repur/Subs - 360	Jan-31-03
43000587 1			130,000.00	130,000.00	Mar-18-03	11.350%	TX - 65.00%	Repur/Subs - 360	Feb-10-03
43082296 1			51,200.00	51,200.00	Mar-21-03	10.650%	MO - 78.77%	Repur/Subs - 360	Jan-31-03
39589239 2			245,000.00	244,388.61	Apr-10-03	8.500%	MI - 89.09%	Repur/Subs - 360	Oct-28-02
39883624 2			50,000.00	49,925.09	Apr-10-03	11.150%	MI - 52.63%	Repur/Subs - 360	Oct-28-02
41470246 2			134,000.00	133,483.40	Apr-10-03	6.990%	MI - 87.58%	Repur/Subs - 240	Dec-19-02
42723833 2			107,950.00	107,950.00	Apr-02-03	9.599%	OH - 85.00%	Repur/Subs - 360	Feb-20-03
42814210 2			87,550.00	87,510.01	Mar-17-03	9.350%	FL - 85.00%	Repur/Subs - 360	Jan-30-03
					Page 21 of 26				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					GROUP 3	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 Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3				3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	MDR				0.00%	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%	0.00%
	CDR				0.00%	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%	0.00%
	SDA				0.00%	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%	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 3
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1		Group 3
	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 24 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for April 25, 2003 Distribution
	Realized Loss Detail Report for May 27, 2003 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						Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
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 25 of 26				© COPYRIGHT 2003 Deutsche Bank
					Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trigger Event in effect							No
	Stepdown Date has occurred							No
	Balances 60+ days							~~195~~975,~~795~~377.2382
	Ending Balance							1,~~089~~080,~~239~~033,~~686~~588.3717
	Delinquency Percentage							0.0209%
	Balance of Mezzanine and C Class							200,749,944.00
	Ending Balance							1,~~089~~080,~~239~~033,~~686~~588.3717
	Credit Enhancement Percentage							18.4359%
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	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 M-3							0.00
	Net WAC Rate Carryover Amt: Class M-4							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
	Net WAC Rate Carryover Amt: Class M-3 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-4 unpaid							0.00
ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Libor for Current Period							1.~~328750~~320000%
	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00
	Class AV-1 Next Pass-Through Rate							1.730000%
	Class AV-2 Next Pass-Through Rate							1.650000%
	Class M-1 Next Pass-Through Rate							2.120000%
	Class M-2 Next Pass-Through Rate							3.170000%
	Class M-3 Next Pass-Through Rate							4.170000%
	Class M-4 Next Pass-Through Rate							5.070000%
				Page 26 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · AMERIQUEST MORTGAGE SEC INC ASSET BCK PS THR CERT SER 2003-3