

                           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):  October 27, 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
     October 27, 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:  Oct 29, 2003               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of October 27, 2003.


	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates


	October 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				24
			12.	Realized Loss Detail Report				27
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				28




				Total Number of Pages				28



			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: October 27, 2003
	Underwriter(s):		UBS Warburg Underwriter					Record Date: October 24, 2003
								September 30, 2003






						Page 1 of 28					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for October 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			150,120,309.25	445,732.22	4,747,145.76	5,192,877.98	-	-	145,373,163.49
AV-1		624,674,000.00			555,140,487.96	754,991.06	20,288,811.74	21,043,802.80	-	-	534,851,676.22
AV-2		111,636,000.00			97,085,271.48	125,132.13	3,335,169.01	3,460,301.14	-	-	93,750,102.47
M-1		71,500,000.00			71,500,000.00	122,026.67	-	122,026.67	-	-	71,500,000.00
M-2		57,750,000.00			57,750,000.00	152,460.00	-	152,460.00	-	-	57,750,000.00
M-3		30,250,000.00			30,250,000.00	106,748.89	-	106,748.89	-	-	30,250,000.00
M-4		13,750,000.00			13,750,000.00	59,522.22	-	59,522.22	-	-	13,750,000.00
S		-			-	400,000.00	-	400,000.00	-	-	-
CE		27,494,968.92			27,499,944.00	4,123,639.40	-	4,123,639.40	-	-	27,499,944.00
P		100.00			100.00	617,368.03	-	617,368.03	-	-	100.00
R		-			-	-	-	-	-	-	-


Total		1,099,993,068.92			1,003,096,112.69	6,907,620.62	28,371,126.51	35,278,747.13	-	-	974,724,986.18


	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	921.333938	2.735594	29.134676	31.870270	892.199263
AV-1	09/25/03	10/26/03		A-Act/360	03072SFL4	624,674,000.00	888.688321	1.208616	32.479040	33.687656	856.209281
AV-2	09/25/03	10/26/03		A-Act/360	03072SFE0	111,636,000.00	869.659173	1.120894	29.875390	30.996284	839.783784
M-1	09/25/03	10/26/03		A-Act/360	03072SFG5	71,500,000.00	1,000.000000	1.706667	-	1.706667	1,000.000000
M-2	09/25/03	10/26/03		A-Act/360	03072SFH3	57,750,000.00	1,000.000000	2.640000	-	2.640000	1,000.000000
M-3	09/25/03	10/26/03		A-Act/360	03072SFJ9	30,250,000.00	1,000.000000	3.528889	-	3.528889	1,000.000000
M-4	09/25/03	10/26/03		A-Act/360	03072SFK6	13,750,000.00	1,000.000000	4.328889	-	4.328889	1,000.000000
S				A-30/360	03072SFF7	112,800,000.00	851.063830	3.546099	-	3.546099	851.063830
CE				A-30/360		27,494,968.92	1,000.180945	149.977962	-	149.977962	1,000.180945
P				A-30/360		100.00	1,000.000000	6,173,680.300000	-	6,173,680.300000	1,000.000000
R				A-30/360		-	-	-	-	-	-


							Page 2 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for October 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		3,284,951.90		16,809,141.10	755,695.41	17,564,836.51	20,849,788.41	-	-	145,373,163.49
AV-1	624,674,000.00		6,278,514.20		85,704,793.43	4,117,530.35	89,822,323.78	96,100,837.98	-	-	534,851,676.22
AV-2	111,636,000.00		1,055,318.95		17,032,757.09	853,140.44	17,885,897.53	18,941,216.48	-	-	93,750,102.47
M-1	71,500,000.00		929,954.33		-	-	-	929,954.33	-	-	71,500,000.00
M-2	57,750,000.00		1,145,260.70		-	-	-	1,145,260.70	-	-	57,750,000.00
M-3	30,250,000.00		796,523.47		-	-	-	796,523.47	-	-	30,250,000.00
M-4	13,750,000.00		442,493.63		-	-	-	442,493.63	-	-	13,750,000.00
S	-		3,220,000.00		-	-	-	3,220,000.00	-	-	-
CE	27,494,968.92		29,520,878.21		-	-	-	29,520,878.21	-	4,975.08	27,499,944.00
P	100.00		2,407,922.83		-	-	-	2,407,922.83	-	-	100.00
R	-		-		-	-	-	-	-	-	-


Total	1,099,993,068.92		49,081,818.22		119,546,691.62	5,726,366.20	125,273,057.82	174,354,876.03	-	4,975.08	974,724,986.18


	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%	150,120,309.25			445,732.22	-	-	-	445,732.22	445,732.22	-
AV-1	1.53000%	555,140,487.96			754,991.06	-	-	-	754,991.06	754,991.06	-
AV-2	1.45000%	97,085,271.48			125,132.13	-	-	-	125,132.13	125,132.13	-
M-1	1.92000%	71,500,000.00			122,026.67	-	-	-	122,026.67	122,026.67	-
M-2	2.97000%	57,750,000.00			152,460.00	-	-	-	152,460.00	152,460.00	-
M-3	3.97000%	30,250,000.00			106,748.89	-	-	-	106,748.89	106,748.89	-
M-4	4.87000%	13,750,000.00			59,522.22	-	-	-	59,522.22	59,522.22	-
S	5.00000%	96,000,000.00			400,000.00	-	-	-	400,000.00	400,000.00	-
CE		27,499,944.00			4,123,639.40	-	-	-	4,123,639.40	4,123,639.40	-
P		100.00			617,368.03	-	-	-	617,368.03	617,368.03	-
R		-			-	-	-	-	-	-	-


Total		1,099,096,112.69			6,907,620.62	-	-	-	6,907,620.62	6,907,620.62	-


							Page 3 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Collection Account Report for October 27, 2003 Distribution


	Collection Account Report


SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Principal Collections				3,335,169.01	4,747,145.76	20,288,811.74	28,371,126.51
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				3,335,169.01	4,747,145.76	20,288,811.74	28,371,126.51

	Interest Collections				732,452.74	1,107,678.95	4,500,138.54	6,340,270.23
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	617,368.03
	Interest Fees				(6,441.84)	(9,427.01)	(34,149.43)	(50,018.28)
	TOTAL NET INTEREST				726,010.90	1,098,251.94	4,465,989.11	6,907,619.98

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				4,061,179.91	5,845,397.70	24,754,800.85	35,278,746.49


PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received				92,661.47	176,992.21	521,098.21	790,751.89
	Prepayments In Full				3,239,622.07	4,388,181.80	19,734,007.57	27,361,811.44
	Curtailments				2,885.47	15,405.35	33,705.96	51,996.78
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0.00	166,566.40	0.00	166,566.40
	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				(83,152.92)	(157,476.20)	(468,263.05)	(708,892.17)
	Advanced Principal				83,152.92	157,476.20	468,263.05	708,892.17

	TOTAL PRINCIPAL COLLECTED				3,335,169.01	4,747,145.76	20,288,811.74	28,371,126.51


				Page 4 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Collection Account Report for October 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				777,041.05	1,175,124.27	4,756,570.03	6,708,735.35
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				0.00	1,145.14	0.00	1,145.14
	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	0.00	0.00
	Prepayment Interest Shortfalls				(2,258.96)	(2,996.90)	(16,057.73)	(21,313.59)
	Compensating Interest				2,258.96	2,996.90	16,057.73	21,313.59
	Delinquent Interest				(683,879.83)	(1,038,767.23)	(4,228,099.65)	(5,950,746.71)
	Interest Advanced				639,291.52	970,176.77	3,971,668.16	5,581,136.45

	TOTAL INTEREST COLLECTED				732,452.74	1,107,678.95	4,500,138.54	6,340,270.23


				Page 5 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Collection Account Report for October 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							617,368.03
	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	617,368.03


INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				6,238.53	9,116.18	32,991.74	48,346.45

	Trustee Fee				203.31	310.83	1,157.69	1,671.83
	PMI Fees				0.00	0.00	0.00	0.00


	TOTAL INTEREST OTHER FEES				6,441.84	9,427.01	34,149.43	50,018.28


				Page 6 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for October 27, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Net WAC Rate Carryover Reserve Account							1,000.00


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							0.00
	Overcollateralization Target Amount							27,499,944.00
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							0.00


				Page 7 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Collateral Report for October 27, 2003 Distribution


	Collateral Report


COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*				343	1210	5378	6931
	Prior				309	1,146	4,982	6,437
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(8)	(20)	(123)	(151)
	Repurchases				-	(1)	-	(1)
	Liquidations				-	-	-	-
	Current				301	1,125	4,859	6,285

	*Principal Balance:*
	Original				136,557,596.02	199,310,032.69	764,125,440.21	1,099,993,068.92
	Prior				121,984,403.45	186,495,948.18	694,615,761.06	1,003,096,112.69
	Prefunding				-	-	-	-
	Scheduled Principal				(92,661.47)	(176,992.21)	(521,098.21)	(790,751.89)
	Partial and Full Voluntary Prepayments				(3,242,507.54)	(4,403,587.15)	(19,767,713.53)	(27,413,808.22)
	Repurchases				-	(166,566.40)	-	(166,566.40)
	Liquidations				-	-	-	-
	Current				118,649,234.44	181,748,802.42	674,326,949.32	974,724,986.18

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)


				Page 8 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Collateral Report for October 27, 2003 Distribution


	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				7.677759%	7.570385%	8.224136%	8.036447%
	Weighted Average Coupon Current				7.644004%	7.568654%	8.217326%	8.027004%
	Weighted Average Months to Maturity Original				358	342	352	351
	Weighted Average Months to Maturity Prior				353	337	347	346
	Weighted Average Months to Maturity Current				352	336	346	345
	Weighted Avg Remaining Amortization Term Original				357	341	352	351
	Weighted Avg Remaining Amortization Term Prior				352	336	347	345
	Weighted Avg Remaining Amortization Term Current				351	335	346	344
	Weighted Average Seasoning Original				2.00	2.13	2.21	2.17
	Weighted Average Seasoning Prior				6.98	7.12	7.18	7.14
	Weighted Average Seasoning Current				7.97	8.13	8.18	8.14

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.
				Page 9 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Collateral Report for October 27, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original				6.240%		5.271%
	Weighted Average Margin Prior				6.253%		5.242%
	Weighted Average Margin Current				6.250%		5.236%
	Weighted Average Max Rate Original				13.746%	0.017%	12.207%
	Weighted Average Max Rate Prior				13.681%	0.018%	12.102%
	Weighted Average Max Rate Current				13.648%	0.018%	12.083%
	Weighted Average Min Rate Original				7.746%	0.017%	7.107%
	Weighted Average Min Rate Prior				7.681%	0.018%	7.030%
	Weighted Average Min Rate Current				7.648%	0.018%	7.016%
	Weighted Average Cap Up Original				1.000%		0.850%
	Weighted Average Cap Up Prior				1.000%		0.845%
	Weighted Average Cap Up Current				1.000%		0.844%
	Weighted Average Cap Down Original				1.000%		0.850%
	Weighted Average Cap Down Prior				1.000%		0.845%
	Weighted Average Cap Down Current				1.000%		0.844%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				6,238.53	9,116.18	32,991.74	48,346.45
	Delinquent Servicing Fees				44,588.31	68,590.47	256,431.49	369,610.27
	TOTAL SERVICING FEES				50,826.84	77,706.65	289,423.23	417,956.72


	Compensating Interest				(2,258.96)	(2,996.90)	(16,057.73)	(21,313.59)
	Delinquent Servicing Fees				(44,588.31)	(68,590.47)	(256,431.49)	(369,610.27)
	COLLECTED SERVICING FEES				3,979.57	6,119.28	16,934.01	27,032.86
	Aggregate Advances with respect to this Distribution				722,444.44	1,127,652.97	4,439,931.21	6,290,028.62
	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							345.82


				Page 10 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			13,156,812.89	6,865,851.31	13,340,738.56	33,363,402.76
		% Balance			1.35%	0.70%	1.37%	3.42%
		# Loans			94	51	85	230
		% # Loans			1.50%	0.81%	1.35%	3.66%
FORECLOSURE		Balance		-	-	-	5,653,078.97	5,653,078.97
		% Balance		0.00%	0.00%	0.00%	0.58%	0.58%
		# Loans		-	-	-	43	43
		% # Loans		0.00%	0.00%	0.00%	0.68%	0.68%
BANKRUPTCY		Balance		3,114,729.64	487,696.12	496,933.83	779,310.29	4,878,669.88
		% Balance		0.32%	0.05%	0.05%	0.08%	0.50%
		# Loans		18	2	3	6	29
		% # Loans		0.29%	0.03%	0.05%	0.10%	0.46%
REO		Balance		-	-	-	635,418.27	635,418.27
		% Balance		0.00%	0.00%	0.00%	0.07%	0.07%
		# Loans		-	-	-	4	4
		% # Loans		0.00%	0.00%	0.00%	0.06%	0.06%

TOTAL		Balance		3,114,729.64	13,644,509.01	7,362,785.14	20,408,546.09	44,530,569.88
		% Balance		0.32%	1.40%	0.76%	2.09%	4.57%
		# Loans		18	96	54	138	306
		% # Loans		0.29%	1.53%	0.86%	2.20%	4.87%
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 11 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			11,415,992.99	5,830,503.67	9,537,401.98	26,783,898.64
		% Balance			1.69%	0.86%	1.41%	3.97%
		# Loans			85	44	69	198
		% # Loans			1.75%	0.91%	1.42%	4.07%
FORECLOSURE		Balance		-	-	-	4,659,131.85	4,659,131.85
		% Balance		0.00%	0.00%	0.00%	0.69%	0.69%
		# Loans		-	-	-	39	39
		% # Loans		0.00%	0.00%	0.00%	0.80%	0.80%
BANKRUPTCY		Balance		1,716,042.38	487,696.12	496,933.83	779,310.29	3,479,982.62
		% Balance		0.25%	0.07%	0.07%	0.12%	0.52%
		# Loans		13	2	3	6	24
		% # Loans		0.27%	0.04%	0.06%	0.12%	0.49%
REO		Balance		-	-	-	571,908.02	571,908.02
		% Balance		0.00%	0.00%	0.00%	0.08%	0.08%
		# Loans		-	-	-	3	3
		% # Loans		0.00%	0.00%	0.00%	0.06%	0.06%

TOTAL		Balance		1,716,042.38	11,903,689.11	6,327,437.50	15,547,752.14	35,494,921.13
		% Balance		0.25%	1.77%	0.94%	2.31%	5.26%
		# Loans		13	87	47	117	264
		% # Loans		0.27%	1.79%	0.97%	2.41%	5.43%
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 12 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			483,995.63	686,702.43	849,325.63	2,020,023.69
		% Balance			0.27%	0.38%	0.47%	1.11%
		# Loans			6	6	8	20
		% # Loans			0.53%	0.53%	0.71%	1.78%
FORECLOSURE		Balance		-	-	-	139,423.85	139,423.85
		% Balance		0.00%	0.00%	0.00%	0.08%	0.08%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.18%	0.18%
BANKRUPTCY		Balance		301,245.14	-	-	-	301,245.14
		% Balance		0.17%	0.00%	0.00%	0.00%	0.17%
		# Loans		2	-	-	-	2
		% # Loans		0.18%	0.00%	0.00%	0.00%	0.18%
REO		Balance		-	-	-	63,510.25	63,510.25
		% Balance		0.00%	0.00%	0.00%	0.03%	0.03%
		# Loans		-	-	-	1	1
		% # Loans		0.00%	0.00%	0.00%	0.09%	0.09%

TOTAL		Balance		301,245.14	483,995.63	686,702.43	1,052,259.73	2,524,202.93
		% Balance		0.17%	0.27%	0.38%	0.58%	1.39%
		# Loans		2	6	6	11	25
		% # Loans		0.18%	0.53%	0.53%	0.98%	2.22%
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 13 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Delinquency Report for October 27, 2003 Distribution


	Delinquency Report - Group 3 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1,256,824.27	348,645.21	2,954,010.95	4,559,480.43
		% Balance			1.06%	0.29%	2.49%	3.84%
		# Loans			3	1	8	12
		% # Loans			1.00%	0.33%	2.66%	3.99%
FORECLOSURE		Balance		-	-	-	854,523.27	854,523.27
		% Balance		0.00%	0.00%	0.00%	0.72%	0.72%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.66%	0.66%
BANKRUPTCY		Balance		1,097,442.12	-	-	-	1,097,442.12
		% Balance		0.92%	0.00%	0.00%	0.00%	0.92%
		# Loans		3	-	-	-	3
		% # Loans		1.00%	0.00%	0.00%	0.00%	1.00%
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		1,097,442.12	1,256,824.27	348,645.21	3,808,534.22	6,511,445.82
		% Balance		0.92%	1.06%	0.29%	3.21%	5.49%
		# Loans		3	3	1	10	17
		% # Loans		1.00%	1.00%	0.33%	3.32%	5.65%
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 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	REO Report for October 27, 2003 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 2				Loan Group 1 = Group 1 Group; REO Book Value = Not Available
Total Original Principal Balance = 337,750.00				Loan Group 2 = Group 2 Group; REO Book Value = Not Available
Total Current Balance = 336,216.44				Loan Group 3 = Group 3 Group; REO Book Value = Not Available
REO Book Value = Not Available

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

42469064 1		274,000.00	272,706.19	Feb-01-03	8.750%	MI - 89.84%	360	Jan-22-03
41609926 2		63,750.00	63,510.25	Mar-01-03	9.850%	MI - 85.00%	360	Jan-31-03


				Page 15 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Foreclosure Report for October 27, 2003 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 19				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 2,292,810.00				Loan Group 2 = Group 2 Group
Total Current Balance = 2,279,761.29				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

39546528 1		85,500.00	84,959.71	Feb-01-03	8.450%	MI - 95.00%	360	Nov-19-02
40210650 1		59,310.00	58,935.60	Apr-01-03	8.500%	TN - 88.52%	360	Nov-29-02
40307605 1		104,800.00	104,391.32	Apr-01-03	10.775%	MI - 80.00%	360	Nov-29-02
41087800 1		84,500.00	84,100.65	Apr-01-03	9.865%	MN - 65.05%	360	Nov-30-02
41337155 1		72,800.00	72,407.77	May-01-03	8.700%	MS - 70.00%	360	Jan-03-03
41410218 1		108,750.00	108,152.17	Apr-01-03	8.600%	MO - 75.00%	360	Jan-03-03
41490657 1		265,000.00	263,540.98	Apr-01-03	7.990%	NY - 77.94%	360	Jan-31-03
41791963 1		60,800.00	60,594.18	Apr-01-03	10.350%	TN - 80.00%	360	Jan-09-03
41820937 1		240,000.00	238,317.71	Apr-01-03	6.850%	MA - 76.19%	360	Jan-27-03
41892829 1		71,400.00	71,177.51	Apr-01-03	9.850%	MO - 85.00%	360	Jan-16-03
41900044 1		58,500.00	58,223.77	May-01-03	8.750%	MI - 90.00%	360	Jan-09-03
42065847 1		104,550.00	104,056.29	Apr-01-03	8.750%	MI - 85.00%	360	Jan-31-03
42219279 1		81,000.00	80,483.61	Feb-01-03	7.250%	PA - 90.00%	360	Jan-21-03
42371716 1		203,400.00	202,177.70	Apr-01-03	7.550%	AL - 90.00%	360	Jan-30-03
42640425 1		207,500.00	206,151.19	May-01-03	7.150%	AL - 91.81%	360	Jan-21-03
43039262 1		50,000.00	49,846.55	Apr-01-03	11.500%	MI - 74.63%	360	Jan-30-03
43084961 1		70,000.00	69,770.50	Apr-01-03	10.500%	MN - 42.55%	360	Jan-29-03
43222371 1		315,000.00	313,607.50	Mar-01-03	8.400%	NY - 90.00%	360	Feb-11-03
42460519 2		50,000.00	48,866.58	May-01-03	8.500%	MD - 37.04%	180	Jan-29-03


				Page 16 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Report for October 27, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans				8	20	123	151
	Number of Repurchased Loans				-	1	-	1
	Total Number of Loans Prepaid in Full				8	21	123	152

	Paid in Full Balance				3,239,622.07	4,388,181.80	19,734,007.57	27,361,811.44
	Repurchased Loans Balance				-	166,566.40	-	166,566.40
	Curtailments Amount				2,885.47	15,405.35	33,705.96	51,996.78
	Total Prepayment Amount				3,242,507.54	4,570,153.55	19,767,713.53	27,580,374.62

	*Cumulative*
	Number of Paid in Full Loans				41	79	501	621
	Number of Repurchased Loans				-	6	18	24
	Total Number of Loans Prepaid in Full				41	85	519	645

	Paid in Full Balance				16,776,080.64	15,298,739.82	83,097,549.84	115,172,370.30
	Repurchased Loans Balance				-	789,823.51	2,326,021.50	3,115,845.01
	Curtailments Amount				28,682.00	193,127.49	577,897.07	799,706.56
	Total Prepayment Amount				16,804,762.64	16,281,690.82	86,001,468.41	119,087,921.87

SPACE INTENTIONALLY LEFT BLANK


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


				Page 17 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Report for October 27, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	SMM				2.66%	2.45%	2.85%	2.75%
	3 Months Avg SMM				2.73%	2.03%	2.52%	2.45%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.87%	1.22%	1.70%	1.63%

	CPR				27.64%	25.77%	29.30%	28.45%
	3 Months Avg CPR				28.26%	21.81%	26.37%	25.78%
	12 Months Avg CPR
	Avg CPR Since Cut-off				20.26%	13.66%	18.57%	17.90%

	PSA				1733.34%	1585.27%	1791.55%	1747.09%
	3 Months Avg PSA Approximation				2024.73%	1530.35%	1836.64%	1804.30%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				2031.39%	1331.83%	1787.90%	1735.97%



	Group 1		Group 3
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 18 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Report for October 27, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

	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.

				Page 19 of 28				© COPYRIGHT 2003 Deutsche Bank


	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 27, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 152						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 27,696,477.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 27,528,377.84						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

38505939 1			50,050.00	49,790.58	Oct-07-03	9.900%	FL - 51.60%	Paid Off - 360	Sep-23-02
38685749 1			64,000.00	63,648.81	Sep-19-03	9.625%	FL - 63.68%	Paid Off - 360	Sep-30-02
39118583 1			85,850.00	85,513.38	Sep-22-03	10.750%	MN - 85.00%	Paid Off - 360	Oct-02-02
39461306 1			65,250.00	64,951.79	Sep-24-03	9.500%	MD - 75.00%	Paid Off - 360	Nov-21-02
39541461 1			135,000.00	134,310.93	Sep-30-03	9.500%	CA - 75.00%	Paid Off - 360	Nov-21-02
39618822 1			175,500.00	174,455.04	Sep-22-03	6.900%	MA - 90.00%	Paid Off - 360	Jan-22-03
39625280 1			150,000.00	148,904.81	Sep-16-03	7.750%	CA - 60.00%	Paid Off - 360	Oct-25-02
39695333 1			136,500.00	136,108.84	Oct-08-03	12.200%	RI - 34.13%	Paid Off - 360	Oct-17-02
39942578 1			57,750.00	57,496.77	Sep-17-03	9.700%	MT - 75.00%	Paid Off - 360	Nov-27-02
40032765 1			140,250.00	139,144.99	Oct-02-03	8.750%	CT - 85.00%	Paid Off - 360	Feb-05-03
40155251 1			85,500.00	84,002.24	Sep-16-03	7.990%	FL - 89.06%	Paid Off - 240	Oct-31-02
40459935 1			180,000.00	179,111.20	Oct-02-03	9.125%	RI - 75.00%	Paid Off - 360	Nov-19-02
40649725 1			50,001.00	49,843.49	Oct-08-03	11.259%	NY - 34.25%	Paid Off - 360	Nov-27-02
40708091 1			334,050.00	332,137.04	Sep-12-03	7.100%	MA - 85.00%	Paid Off - 360	Jan-09-03
40883043 1			192,000.00	190,986.67	Sep-29-03	8.800%	FL - 78.37%	Paid Off - 360	Nov-30-02
40898173 1			163,500.00	162,777.19	Oct-03-03	8.400%	CA - 75.00%	Paid Off - 360	Jan-09-03
41030289 1			61,500.00	61,065.03	Oct-02-03	7.990%	AL - 51.25%	Paid Off - 360	Nov-29-02
41062134 1			87,750.00	87,280.84	Oct-01-03	11.990%	FL - 65.00%	Paid Off - 360	Nov-29-02
41196262 1			121,500.00	119,835.41	Sep-18-03	7.000%	KS - 83.79%	Paid Off - 240	Jan-09-03
41303249 1			200,001.00	198,830.11	Sep-16-03	6.990%	IL - 68.97%	Paid Off - 360	Jan-31-03
41378670 1			196,000.00	195,130.13	Sep-15-03	8.950%	IL - 70.00%	Paid Off - 360	Jan-23-03
41448119 1			230,000.00	229,268.13	Oct-02-03	9.990%	CA - 79.86%	Paid Off - 360	Jan-31-03
41700345 1			221,000.00	220,117.77	Sep-29-03	8.900%	IL - 85.00%	Paid Off - 360	Jan-02-03
41713033 1			305,000.00	303,215.53	Oct-07-03	6.990%	CA - 87.90%	Paid Off - 360	Jan-09-03
41757717 1			56,000.00	55,723.46	Sep-25-03	7.850%	MO - 70.00%	Paid Off - 360	Jan-14-03
41769118 1			105,000.00	104,460.40	Sep-15-03	7.650%	SC - 75.00%	Paid Off - 360	Jan-23-03
41772666 1			127,710.00	127,106.92	Oct-09-03	8.750%	TX - 90.00%	Paid Off - 360	Jan-08-03
41804154 1			105,000.00	104,648.52	Oct-02-03	9.750%	MD - 70.00%	Paid Off - 360	Jan-29-03
41815838 1			203,000.00	201,370.09	Sep-23-03	6.050%	CA - 86.38%	Paid Off - 360	Jan-07-03
41816190 1			87,300.00	86,873.15	Oct-02-03	7.900%	FL - 85.59%	Paid Off - 360	Jan-07-03
41817974 1			186,000.00	184,870.82	Sep-30-03	6.800%	NJ - 69.93%	Paid Off - 360	Jan-21-03
41827593 1			110,000.00	108,616.81	Oct-06-03	7.700%	NJ - 70.97%	Paid Off - 240	Jan-06-03
41863135 1			227,000.00	225,762.28	Oct-01-03	7.350%	CA - 83.46%	Paid Off - 360	Jan-29-03
41871633 1			234,650.00	233,395.50	Sep-22-03	7.450%	CA - 95.00%	Paid Off - 360	Jan-24-03
41883117 1			122,600.00	121,220.61	Sep-15-03	7.800%	NJ - 66.63%	Paid Off - 360	Jan-06-03
41903618 1			195,415.00	194,497.16	Oct-01-03	8.100%	IL - 85.00%	Paid Off - 360	Jan-31-03
41919580 1			94,500.00	94,089.76	Sep-11-03	8.750%	RI - 78.75%	Paid Off - 360	Jan-28-03
41925678 1			101,600.00	101,067.44	Oct-06-03	7.550%	MN - 80.00%	Paid Off - 360	Jan-27-03
41949355 1			81,000.00	80,659.62	Oct-06-03	8.650%	OH - 90.00%	Paid Off - 360	Jan-03-03
41980046 1			181,000.00	180,215.89	Sep-26-03	8.500%	CA - 84.98%	Paid Off - 360	Jan-14-03
42001867 1			95,550.00	95,205.96	Sep-26-03	9.400%	MI - 65.00%	Paid Off - 360	Jan-27-03
42020057 1			108,000.00	107,376.20	Oct-06-03	7.750%	AZ - 79.41%	Paid Off - 360	Jan-07-03
42026815 1			169,000.00	168,463.21	Sep-22-03	9.999%	IL - 84.08%	Paid Off - 360	Jan-31-03
42026948 1			99,000.00	98,566.78	Sep-24-03	8.450%	AL - 90.00%	Paid Off - 360	Jan-06-03

					Page 20 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 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

42030858 1			296,250.00	294,830.07	Oct-08-03	7.999%	CA - 75.00%	Paid Off - 360	Jan-31-03
42069690 1			120,000.00	119,364.76	Sep-17-03	7.500%	HI - 33.71%	Paid Off - 360	Jan-31-03
42091272 1			130,500.00	129,989.61	Sep-29-03	9.000%	MI - 90.00%	Paid Off - 360	Jan-14-03
42092114 1			238,500.00	237,173.71	Oct-09-03	7.250%	NJ - 90.00%	Paid Off - 360	Jan-17-03
42129064 1			170,000.00	169,005.23	Sep-15-03	6.990%	MI - 80.38%	Paid Off - 360	Jan-31-03
42174995 1			180,000.00	179,515.23	Sep-24-03	10.775%	MA - 80.00%	Paid Off - 360	Jan-24-03
42187534 1			127,500.00	126,764.89	Sep-29-03	7.750%	IL - 75.89%	Paid Off - 360	Jan-23-03
42191726 1			222,400.00	221,332.73	Sep-18-03	7.200%	MA - 71.74%	Paid Off - 360	Feb-07-03
42197459 1			190,500.00	189,894.96	Sep-22-03	9.999%	NY - 68.04%	Paid Off - 360	Jan-23-03
42215764 1			171,000.00	170,219.00	Sep-18-03	8.250%	CA - 90.48%	Paid Off - 360	Jan-28-03
42216341 1			154,000.00	152,033.26	Sep-23-03	6.250%	NJ - 56.00%	Paid Off - 240	Feb-04-03
42237602 1			107,500.00	106,967.51	Sep-30-03	7.990%	NH - 72.15%	Paid Off - 360	Jan-29-03
42243550 1			154,000.00	153,509.94	Sep-19-03	9.990%	NY - 65.53%	Paid Off - 360	Jan-27-03
42243626 1			109,000.00	108,775.00	Sep-24-03	12.000%	FL - 78.99%	Paid Off - 360	Jan-31-03
42244681 1			188,000.00	187,311.83	Sep-24-03	11.250%	AZ - 80.00%	Paid Off - 360	Jan-30-03
42248112 1			144,000.00	143,541.80	Oct-06-03	9.990%	IL - 75.00%	Paid Off - 360	Jan-31-03
42282228 1			237,500.00	236,072.08	Sep-29-03	6.850%	CA - 95.00%	Paid Off - 360	Jan-16-03
42282749 1			70,000.00	69,820.32	Oct-01-03	10.999%	CA - 24.56%	Paid Off - 360	Jan-30-03
42297069 1			165,000.00	164,263.18	Oct-10-03	8.350%	CA - 79.33%	Paid Off - 360	Jan-21-03
42303933 1			172,500.00	171,469.70	Sep-30-03	7.250%	CA - 76.67%	Paid Off - 360	Jan-27-03
42311183 1			198,050.00	196,738.46	Sep-26-03	7.850%	CA - 85.00%	Paid Off - 360	Jan-23-03
42317883 1			212,500.00	211,375.09	Oct-07-03	7.500%	CO - 85.00%	Paid Off - 360	Jan-09-03
42353698 1			197,100.00	195,757.52	Oct-02-03	6.200%	MN - 90.00%	Paid Off - 360	Jan-27-03
42366112 1			187,000.00	186,010.06	Oct-01-03	7.500%	NJ - 85.78%	Paid Off - 360	Jan-29-03
42375394 1			157,500.00	156,767.62	Sep-30-03	8.150%	MN - 90.00%	Paid Off - 360	Jan-13-03
42389544 1			231,000.00	229,611.21	Sep-29-03	6.850%	NV - 70.00%	Paid Off - 360	Jan-16-03
42393579 1			190,000.00	188,888.38	Oct-08-03	6.990%	CA - 76.00%	Paid Off - 360	Jan-31-03
42421834 1			150,000.00	149,122.37	Sep-18-03	6.990%	CA - 81.08%	Paid Off - 360	Jan-29-03
42429282 1			187,500.00	186,267.09	Oct-08-03	11.530%	NY - 75.00%	Paid Off - 360	Jan-28-03
42475186 1			340,000.00	338,033.89	Sep-17-03	7.050%	IL - 80.00%	Paid Off - 360	Jan-31-03
42476176 1			140,000.00	137,932.94	Sep-19-03	8.250%	MA - 69.31%	Paid Off - 360	Jan-23-03
42479626 1			160,800.00	160,266.02	Sep-16-03	9.850%	WI - 80.00%	Paid Off - 360	Jan-27-03
42491993 1			102,000.00	101,510.24	Oct-02-03	7.990%	MA - 81.60%	Paid Off - 360	Jan-31-03
42540898 1			97,750.00	97,237.61	Sep-30-03	7.550%	FL - 85.00%	Paid Off - 360	Feb-25-03
42545814 1			161,000.00	160,013.10	Sep-11-03	6.750%	RI - 84.74%	Paid Off - 360	Jan-28-03
42546853 1			243,000.00	241,510.47	Sep-30-03	6.750%	CA - 89.67%	Paid Off - 360	Jan-31-03
42552257 1			292,000.00	290,773.10	Sep-22-03	8.650%	IL - 80.00%	Paid Off - 360	Jan-30-03
42563213 1			161,000.00	160,623.41	Sep-19-03	11.525%	NJ - 70.00%	Paid Off - 360	Jan-31-03
42567446 1			238,500.00	237,859.81	Sep-26-03	10.790%	WA - 88.33%	Paid Off - 360	Jan-30-03
42568915 1			116,000.00	115,630.87	Oct-02-03	9.990%	CA - 80.00%	Paid Off - 360	Jan-29-03
42585737 1			103,500.00	102,843.37	Sep-17-03	7.250%	RI - 82.80%	Paid Off - 360	Jan-31-03
42603373 1			126,000.00	125,352.53	Sep-25-03	7.650%	FL - 75.00%	Paid Off - 360	Jan-21-03
42612382 1			171,000.00	168,730.23	Sep-16-03	7.250%	IL - 85.08%	Paid Off - 240	Jan-21-03
42615153 1			153,000.00	152,198.61	Oct-03-03	8.250%	IA - 90.00%	Paid Off - 360	Jan-30-03
42662700 1			150,000.00	149,708.55	Oct-01-03	12.275%	MN - 60.00%	Paid Off - 360	Jan-29-03
42664557 1			315,000.00	311,750.96	Oct-02-03	6.500%	CA - 71.59%	Paid Off - 360	Jan-30-03
42699629 1			114,750.00	114,396.99	Sep-30-03	10.150%	WI - 85.00%	Paid Off - 360	Jan-29-03
42702431 1			278,400.00	274,290.59	Sep-30-03	9.999%	MA - 80.00%	Paid Off - 360	Jan-31-03
42702647 1			105,000.00	104,416.10	Sep-12-03	7.250%	RI - 70.00%	Paid Off - 360	Jan-28-03
42703298 1			322,700.00	321,213.58	Oct-01-03	8.750%	FL - 82.74%	Paid Off - 360	Jan-30-03
42711127 1			131,250.00	130,787.15	Sep-24-03	9.500%	WA - 81.52%	Paid Off - 360	Jan-23-03
42747170 1			93,750.00	93,483.62	Oct-06-03	10.525%	PA - 75.00%	Paid Off - 360	Jan-31-03

					Page 21 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 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

42756411 1			81,000.00	79,179.46	Oct-03-03	7.000%	CT - 63.78%	Paid Off - 180	Jan-30-03
42758540 1			245,000.00	244,539.37	Sep-24-03	12.444%	MA - 70.00%	Paid Off - 360	Jan-30-03
42774224 1			90,000.00	89,606.12	Sep-23-03	8.450%	RI - 71.15%	Paid Off - 360	Jan-31-03
42782672 1			256,500.00	255,233.41	Oct-09-03	7.850%	NY - 90.00%	Paid Off - 360	Jan-23-03
42827782 1			301,750.00	300,402.47	Oct-02-03	8.350%	NY - 85.00%	Paid Off - 360	Jan-27-03
42829309 1			67,000.00	66,276.77	Sep-25-03	8.990%	CO - 40.12%	Paid Off - 240	Jan-29-03
42844720 1			57,200.00	56,881.68	Sep-17-03	7.250%	MA - 24.34%	Paid Off - 360	Jan-30-03
42848069 1			207,500.00	205,807.73	Sep-30-03	6.250%	MI - 87.92%	Paid Off - 360	Jan-31-03
42849356 1			155,000.00	154,506.75	Oct-01-03	9.990%	NY - 64.05%	Paid Off - 360	Jan-31-03
42852327 1			256,500.00	255,129.64	Oct-09-03	7.900%	CA - 90.00%	Paid Off - 360	Feb-05-03
42881920 1			232,000.00	230,709.92	Sep-25-03	7.250%	NY - 71.39%	Paid Off - 360	Jan-28-03
42885251 1			299,000.00	297,432.84	Sep-12-03	7.550%	CA - 94.92%	Paid Off - 360	Jan-31-03
42899575 1			210,000.00	209,565.55	Sep-30-03	11.990%	NJ - 70.00%	Paid Off - 360	Jan-31-03
42923045 1			50,000.00	49,872.38	Oct-01-03	11.025%	IA - 74.63%	Paid Off - 360	Jan-31-03
42950527 1			139,500.00	138,297.58	Sep-23-03	9.999%	IL - 85.58%	Paid Off - 360	Jan-30-03
42983072 1			150,000.00	149,424.93	Oct-02-03	8.325%	MA - 48.70%	Paid Off - 360	Feb-25-03
42986679 1			183,600.00	182,910.78	Sep-17-03	8.450%	CO - 90.00%	Paid Off - 360	Feb-10-03
43026467 1			189,000.00	188,047.94	Oct-01-03	7.750%	CO - 90.00%	Paid Off - 360	Jan-30-03
43049311 1			148,500.00	147,919.14	Sep-12-03	8.999%	NJ - 46.85%	Paid Off - 360	Jan-31-03
43058163 1			87,000.00	86,706.16	Oct-01-03	9.750%	CA - 40.47%	Paid Off - 360	Jan-31-03
43070622 1			103,500.00	102,946.67	Sep-24-03	7.450%	FL - 90.00%	Paid Off - 360	Jan-30-03
43084029 1			320,000.00	318,388.07	Oct-09-03	7.750%	CA - 80.00%	Paid Off - 360	Jan-31-03
43112002 1			89,500.00	89,244.34	Oct-01-03	10.500%	FL - 74.58%	Paid Off - 360	Jan-31-03
43144146 1			190,000.00	189,511.46	Oct-01-03	10.990%	WA - 84.44%	Paid Off - 360	Jan-31-03
43252386 1			80,000.00	79,780.85	Sep-16-03	9.950%	AZ - 57.97%	Paid Off - 360	Feb-11-03
43494251 1			162,000.00	161,245.19	Sep-15-03	7.350%	FL - 85.26%	Paid Off - 360	Feb-24-03
43761428 1			140,000.00	139,366.72	Sep-15-03	7.500%	CO - 80.69%	Paid Off - 360	Feb-25-03
39405121 2			139,200.00	135,621.99	Sep-22-03	8.450%	CT - 80.00%	Paid Off - 180	Nov-04-02
40684631 2			88,000.00	86,288.64	Sep-16-03	7.250%	NH - 37.45%	Paid Off - 360	Jan-21-03
40906471 2			253,000.00	251,152.91	Oct-03-03	6.550%	NM - 84.33%	Paid Off - 360	Dec-27-02
41733502 2			148,000.00	147,340.60	Oct-09-03	8.400%	CA - 80.00%	Paid Off - 360	Jan-30-03
41926106 2			252,450.00	251,322.66	Oct-03-03	8.350%	IL - 85.00%	Paid Off - 360	Feb-04-03
42090076 2			460,000.00	457,396.99	Oct-02-03	7.250%	CA - 80.00%	Paid Off - 360	Jan-30-03
42196360 2			414,000.00	411,462.34	Sep-11-03	6.750%	MN - 90.00%	Paid Off - 360	Jan-30-03
42318287 2			117,000.00	114,784.39	Sep-24-03	8.990%	MO - 86.67%	Paid Off - 180	Jan-23-03
42389437 2			144,000.00	143,343.78	Oct-08-03	8.250%	NJ - 90.00%	Paid Off - 360	Jan-31-03
42408138 2			140,000.00	136,853.18	Sep-23-03	6.999%	TX - 80.00%	Paid Off - 180	Jan-31-03
42421529 2			322,700.00	317,630.90	Sep-11-03	7.999%	MA - 46.30%	Paid Off - 360	Jan-31-03
42425918 2			252,000.00	250,789.96	Sep-30-03	7.990%	CA - 90.00%	Paid Off - 360	Jan-16-03
42577932 2			57,600.00	57,531.39	Sep-19-03	13.750%	CT - 80.00%	Paid Off - 360	Feb-06-03
42592204 2			68,000.00	67,617.60	Oct-08-03	7.250%	IA - 86.08%	Paid Off - 360	Jan-27-03
42600049 2			321,000.00	316,609.77	Sep-12-03	6.999%	IL - 70.55%	Paid Off - 240	Jan-31-03
42836338 2			75,000.00	74,653.97	Oct-08-03	7.400%	MI - 60.00%	Paid Off - 360	Feb-03-03
43051259 2			152,000.00	151,180.17	Oct-02-03	6.600%	CA - 80.00%	Paid Off - 360	Feb-07-03
43057421 2			412,000.00	409,854.08	Sep-23-03	7.200%	CA - 84.95%	Paid Off - 360	Feb-07-03
43139146 2			400,000.00	397,924.12	Sep-29-03	7.600%	IL - 80.40%	Paid Off - 360	Feb-04-03
43402312 2			210,000.00	208,822.36	Sep-16-03	6.500%	CA - 53.85%	Paid Off - 360	Feb-07-03
40094492 3			450,000.00	447,491.28	Sep-24-03	8.599%	CA - 75.00%	Paid Off - 360	Nov-30-02
41192949 3			349,200.00	347,180.68	Sep-11-03	7.050%	CA - 90.00%	Paid Off - 360	Jan-09-03
41664491 3			418,500.00	416,534.48	Oct-06-03	8.100%	NY - 90.00%	Paid Off - 360	Jan-10-03
42023036 3			432,000.00	429,909.07	Sep-15-03	7.950%	NY - 80.00%	Paid Off - 360	Jan-14-03
42138636 3			356,000.00	353,598.18	Sep-12-03	6.250%	CA - 78.24%	Paid Off - 360	Jan-21-03

					Page 22 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 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

42344069 3			475,000.00	472,639.96	Oct-09-03	7.990%	NY - 65.52%	Paid Off - 360	Jan-27-03
42447334 3			428,000.00	425,476.33	Sep-24-03	6.950%	CA - 80.00%	Paid Off - 360	Jan-21-03
42511022 3			348,300.00	346,792.09	Sep-18-03	8.650%	CA - 90.00%	Paid Off - 360	Jan-28-03
42725200 2			170,000.00	166,566.40	Sep-17-03	8.250%	NY - 77.27%	Repur/Subs - 180	Jan-31-03


					Page 23 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 27, 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				1	-	-	1
	Collateral Realized Loss/(Gain) Amount				27,640.79	-	-	27,640.79
	Net Liquidation Proceeds				398,513.08	-	-	398,513.08

	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 24 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 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				0.00%	0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.05%	0.00%	0.00%	0.01%

	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR				0.00%	0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.56%	0.00%	0.00%	0.07%

	SDA				0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation				0.00%	0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				5.57%	0.00%	0.00%	0.66%

	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 25 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 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 26 of 28				© COPYRIGHT 2003 Deutsche Bank


	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Realized Loss Detail Report for October 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 27 of 28				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-3
	Mortgage Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 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							31,373,756.99
	Ending Balance							974,724,986.18
	Delinquency Percentage							3.22%

	Balance of Mezzanine and C Class							200,749,944.00
	Ending Balance							974,724,986.18
	Credit Enhancement Percentage							20.60%


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							1.120000%

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

	Class AV-1 Next Pass-Through Rate							1.530000%
	Class AV-2 Next Pass-Through Rate							1.450000%
	Class M-1 Next Pass-Through Rate							1.920000%
	Class M-2 Next Pass-Through Rate							2.970000%
	Class M-3 Next Pass-Through Rate							3.970000%
	Class M-4 Next Pass-Through Rate							4.870000%



				Page 28 of 28				© COPYRIGHT 2003 Deutsche Bank

AMERIQUEST MORTGAGE SEC INC ASSET BCK PS THR CERT SER 2003-3 8-K