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~~November 2725, 2003 AMERIQUEST MORTGAGE SECURITIES INC. (as depositor, Ameriquest Mortgage Company, Master Servicer, and Deutsche Bank National Trust Company, as Trustee). AMERIQUEST MORT SEC INC ASSET BACK PAS THR CERTS SER 2003-5 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-103335-03 33-0885129 (Commission File Number) (I.R.S. Employer Identification No.) 1100 TOWN & COUNTRY ROAD, SUITE 1100 ORANGE, CALIFORNIA 92868 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 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~~November 2725, 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 April 1,2003. Date: ~~Oct~~Nov 2926, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~October~~November 2725, 2003.

	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	October 27, 2003 Distribution
	November 25, 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				12
			8.	Foreclosure Report				13
			9.	Prepayment Report				14
			10.	Prepayment Detail Report				17
			11.	Realized Loss Report				1920
			12.	Realized Loss Detail Report				2223
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2324
				Total Number of Pages				2324
			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: April 1, 2003
	Certificate Insurer(s):							Closing Date: April 10, 2003
								First Payment Date: May 27, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		Bank of America Underwriter					Record Date: ~~October~~November 24, 2003
								September 30, 2003
								October 31, 2003
						Page 1 of 23					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 25, 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)
A-1		215,200,000.00			~~183~~168,~~878~~827,~~469~~420.7293	~~197~~164,~~771~~559.5184	1518,~~051~~784,~~048~~808.7978	1518,~~248~~949,~~820~~368.3062	-	-	~~168~~150,~~827~~042,~~420~~612.9315
A-2		179,700,000.00			179,700,000.00	363,892.50	-	363,892.50	-	-	179,700,000.00
A-3		101,000,000.00			101,000,000.00	254,772.50	-	254,772.50	-	-	101,000,000.00
A-4		166,800,000.00			166,800,000.00	593,808.00	-	593,808.00	-	-	166,800,000.00
A-5		73,050,000.00			73,050,000.00	326,837.88	-	326,837.88	-	-	73,050,000.00
A-6		90,000,000.00			90,000,000.00	340,575.00	-	340,575.00	-	-	90,000,000.00
M-1		31,500,000.00			31,500,000.00	137,130.00	-	137,130.00	-	-	31,500,000.00
M-2		20,250,000.00			20,250,000.00	94,871.25	-	94,871.25	-	-	20,250,000.00
M-3		13,500,000.00			13,500,000.00	67,601.25	-	67,601.25	-	-	13,500,000.00
M-4		4,500,000.00			4,500,000.00	24,075.00	-	24,075.00	-	-	4,500,000.00
CE		4,499,900.00			4,500,000.00	2,~~239~~187,~~972~~187.1829	-	2,~~239~~187,~~972~~187.1829	-	-	4,500,000.00
P		100.00			100.00	~~266~~348,~~730~~738.6274	-	~~266~~348,~~730~~738.6274	-	-	100.00
R		-			-	-	-	-	-	-	-
Total		900,000,000.00			~~868~~853,~~678~~627,~~569~~520.7293	4,~~908~~904,~~037~~049.6925	1518,~~051~~784,~~048~~808.7978	1923,~~959~~688,~~086~~858.4803	-	-	~~853~~834,~~627~~842,~~520~~712.9315
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	0910/2527/03	1011/2624/03		A-Act/360	03072SFT7	215,200,000.00	~~854~~784.~~453856~~514038	0.~~919013~~764683	6987.~~939818~~290004	7088.~~858830~~054687	~~784~~697.~~514038~~224034
A-2				F-30/360	03072SFU4	179,700,000.00	1,000.000000	2.025000	-	2.025000	1,000.000000
A-3				F-30/360	03072SFV2	101,000,000.00	1,000.000000	2.522500	-	2.522500	1,000.000000
A-4				F-30/360	03072SFW0	166,800,000.00	1,000.000000	3.560000	-	3.560000	1,000.000000
A-5				F-30/360	03072SFX8	73,050,000.00	1,000.000000	4.474167	-	4.474167	1,000.000000
A-6				F-30/360	03072SFY6	90,000,000.00	1,000.000000	3.784167	-	3.784167	1,000.000000
M-1				F-30/360	03072SFZ3	31,500,000.00	1,000.000000	4.353333	-	4.353333	1,000.000000
M-2				F-30/360	03072SGA7	20,250,000.00	1,000.000000	4.685000	-	4.685000	1,000.000000
M-3				F-30/360	03072SGB5	13,500,000.00	1,000.000000	5.007500	-	5.007500	1,000.000000
M-4				F-30/360	03072SGC3	4,500,000.00	1,000.000000	5.350000	-	5.350000	1,000.000000
CE				F-30/360		4,499,900.00	1,000.022223	~~497~~486.~~782658~~052421	-	~~497~~486.~~782658~~052421	1,000.022223
P				F-30/360		100.00	1,000.000000	23,~~667~~487,~~306~~387.~~200000~~400000	-	23,~~667~~487,~~306~~387.~~200000~~400000	1,000.000000
R				F-30/360		-	-	-	-	-	-
							Page 2 of 23				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 25, 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)
A-1	215,200,000.00		1,~~431~~595,~~369~~928.1296		4159,~~593~~564,~~506~~530.4421	45,~~779~~592,~~072~~857.6364	4665,~~372~~157,~~579~~387.0785	4766,~~803~~753,~~948~~316.1981	-	-	~~168~~150,~~827~~042,~~420~~612.9315
A-2	179,700,000.00		2,~~183~~547,~~355~~247.0050		-	-	-	2,~~183~~547,~~355~~247.0050	-	-	179,700,000.00
A-3	101,000,000.00		1,~~528~~783,~~635~~407.0050		-	-	-	1,~~528~~783,~~635~~407.0050	-	-	101,000,000.00
A-4	166,800,000.00		34,~~562~~156,~~848~~656.00		-	-	-	34,~~562~~156,~~848~~656.00	-	-	166,800,000.00
A-5	73,050,000.00		12,~~961~~287,~~027~~865.2816		-	-	-	12,~~961~~287,~~027~~865.2816	-	-	73,050,000.00
A-6	90,000,000.00		2,~~043~~384,~~450~~025.00		-	-	-	2,~~043~~384,~~450~~025.00	-	-	90,000,000.00
M-1	31,500,000.00		~~822~~959,~~780~~910.00		-	-	-	~~822~~959,~~780~~910.00	-	-	31,500,000.00
M-2	20,250,000.00		~~569~~664,~~227~~098.5075		-	-	-	~~569~~664,~~227~~098.5075	-	-	20,250,000.00
M-3	13,500,000.00		~~405~~473,~~607~~208.5075		-	-	-	~~405~~473,~~607~~208.5075	-	-	13,500,000.00
M-4	4,500,000.00		~~144~~168,~~450~~525.00		-	-	-	~~144~~168,~~450~~525.00	-	-	4,500,000.00
CE	4,499,900.00		1315,~~274~~461,~~734~~921.4372		-	-	-	1315,~~274~~461,~~734~~921.4372	-	100.00	4,500,000.00
P	100.00		~~575~~923,~~038~~777.6741		-	-	-	~~575~~923,~~038~~777.6741	-	-	100.00
R	-		-		-	-	-	-	-	-	-
Total	900,000,000.00		2833,~~502~~406,~~522~~571.5075		4159,~~593~~564,~~506~~530.4421	45,~~779~~592,~~072~~857.6364	4665,~~372~~157,~~579~~387.0785	7498,~~875~~563,~~101~~959.5760	-	100.00	~~853~~834,~~627~~842,~~520~~712.9315
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	1.21000%	~~183~~168,~~878~~827,~~469~~420.7293			~~197~~164,~~771~~559.5184	-	-	-	~~197~~164,~~771~~559.5184	~~197~~164,~~771~~559.5184	-
A-2	2.43000%	179,700,000.00			363,892.50	-	-	-	363,892.50	363,892.50	-
A-3	3.02700%	101,000,000.00			254,772.50	-	-	-	254,772.50	254,772.50	-
A-4	4.27200%	166,800,000.00			593,808.00	-	-	-	593,808.00	593,808.00	-
A-5	5.36900%	73,050,000.00			326,837.88	-	-	-	326,837.88	326,837.88	-
A-6	4.54100%	90,000,000.00			340,575.00	-	-	-	340,575.00	340,575.00	-
M-1	5.22400%	31,500,000.00			137,130.00	-	-	-	137,130.00	137,130.00	-
M-2	5.62200%	20,250,000.00			94,871.25	-	-	-	94,871.25	94,871.25	-
M-3	6.00900%	13,500,000.00			67,601.25	-	-	-	67,601.25	67,601.25	-
M-4	6.42000%	4,500,000.00			24,075.00	-	-	-	24,075.00	24,075.00	-
CE	3.~~09432~~08027%	4,500,000.00			2,~~239~~187,~~972~~187.1829	-	-	-	2,~~239~~187,~~972~~187.1829	2,~~239~~187,~~972~~187.1829	-
P		100.00			~~266~~348,~~730~~738.6274	-	-	-	~~266~~348,~~730~~738.6274	~~266~~348,~~730~~738.6274	-
R		-			-	-	-	-	-	-	-
Total		~~868~~853,~~678~~627,~~569~~520.7293			4,~~908~~904,~~037~~049.6925	-	-	-	4,~~908~~904,~~037~~049.6925	4,~~908~~904,~~037~~049.6925	-
							Page 3 of 23				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							1518,~~051~~784,~~048~~808.7978
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							1518,~~051~~784,~~048~~808.7978
	Interest Collections							5,~~204~~119,~~613~~338.9336
	Interest Withdrawals							0.00
	Interest Other Accounts							~~266~~348,~~730~~738.6274
	Interest Fees							(~~563~~560,~~306~~049.8611)
	TOTAL NET INTEREST							4,908,~~037~~027.6999
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							1923,~~959~~692,~~086~~836.4877
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal Received							~~825~~813,~~565~~785.2601
	Prepayments In Full							1317,~~902~~185,~~301~~787.4800
	Curtailments							~~323~~61,~~182~~598.0591
	Liquidations							0130,084.0074
	Insurance Principal							0.00
	Repurchased Principal Amounts							0593,553.0012
	Other Principal							0.00
	Total Realized Loss Of Principal							0.00
	Delinquent Principal							(~~696~~671,~~181~~704.4133)
	Advanced Principal							~~696~~671,~~181~~704.4133
	TOTAL PRINCIPAL COLLECTED							1518,~~051~~784,~~048~~808.7978
				Page 4 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
	TOTAL OTHER ACCOUNTS PRINCIPAL							0.00
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							5,~~510~~407,~~552~~890.9746
	Liquidation Interest							01,082.0096
	Repurchased Interest							03,709.0071
	Insurance Interest							0.00
	Other Interest							0.00
	Relief Act Interest Shortfalls							0.00
	Prepayment Interest Shortfalls							(916,~~062~~051.5452)
	Compensating Interest							916,~~062~~051.5452
	Delinquent Interest							(4,~~675~~484,~~862~~212.2024)
	Interest Advanced							4,~~369~~190,~~923~~867.1647
	TOTAL INTEREST COLLECTED							5,~~204~~119,~~613~~338.9336
				Page 5 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS								TOTAL
	Prepayment Charges							~~266~~348,~~730~~738.6274
	Master Servicer Prepayment Charges							0.00
	Capitalized Interest Deposit							0.00
	TOTAL INTEREST OTHER ACCOUNTS							~~266~~348,~~730~~738.6274
INTEREST - FEES								TOTAL
	Current Servicing Fees							5662,~~010~~333.3637
	Trustee Fee							2,~~171~~134.7007
	PMI Fees							~~505~~495,~~124~~581.8067
	TOTAL INTEREST OTHER FEES							~~563~~560,~~306~~049.8611
				Page 6 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS								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								TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Overcollateralized Amount							4,500,000.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							03,978.0074
	Overcollateralization Target Amount							4,500,000.00
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							03,978.0074
				Page 7 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
COLLATERAL								TOTAL
	Loan Count:
	Original							4446
	Prior							5,~~793~~708
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(85102)
	Repurchases							-(1)
	Liquidations							-(1)
	Current							5,~~708~~604
	Principal Balance:
	Original							676,249,948.46
	Prior							~~868~~853,~~678~~627,~~569~~520.7293
	Prefunding							-
	Scheduled Principal							(~~825~~813,~~565~~785.2601)
	Partial and Full Voluntary Prepayments							(1417,~~225~~247,~~483~~385.5391)
	Repurchases							-(593,553.12)
	Liquidations							-(130,084.74)
	Current							~~853~~834,~~627~~842,~~520~~712.9315
PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 8 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							7.627777%
	Weighted Average Coupon Prior							7.~~618210~~612325%
	Weighted Average Coupon Current							7.~~612325~~608962%
	Weighted Average Months to Maturity Original							342
	Weighted Average Months to Maturity Prior							~~338~~336
	Weighted Average Months to Maturity Current							~~336~~335
	Weighted Avg Remaining Amortization Term Original							342
	Weighted Avg Remaining Amortization Term Prior							~~337~~336
	Weighted Avg Remaining Amortization Term Current							~~336~~335
	Weighted Average Seasoning Original							1.86
	Weighted Average Seasoning Prior							56.4847
	Weighted Average Seasoning Current							67.47
Note: Original information refers to deal issue.
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 9 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS								TOTAL
	Weighted Average Margin Original							0.000%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							0.000%
	Weighted Average Max Rate Original							0.011%
	Weighted Average Max Rate Prior							0.~~007~~006%
	Weighted Average Max Rate Current							0.006%
	Weighted Average Min Rate Original							0.011%
	Weighted Average Min Rate Prior							0.~~007~~006%
	Weighted Average Min Rate Current							0.006%
	Weighted Average Cap Up Original							0.000%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.000%
	Weighted Average Cap Down Original							0.000%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.000%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							5662,~~010~~333.3637
	Delinquent Servicing Fees							~~305~~293,~~939~~344.0577
	TOTAL SERVICING FEES							~~361~~355,~~949~~678.4114
	Compensating Interest							(916,~~062~~051.5452)
	Delinquent Servicing Fees							(~~305~~293,~~939~~344.0577)
	COLLECTED SERVICING FEES							46,~~947~~281.8285
	Aggregate Advances with respect to this Distribution							54,~~066~~862,~~104~~571.5780
	Current Nonrecoverable Advances							0.00
	Cumulative Nonrecoverable Advances							0.00
ADDITIONAL COLLATERAL INFORMATION								TOTAL
	Net Prepayment Interest Shortfall							0.00
	Aggregate Relief Act Shortfalls							0.00
				Page 10 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,~~633~~013,~~893~~897.0255	32,~~021~~693,~~269~~440.7037	2,~~664~~338,~~270~~916.5197	109,~~319~~046,~~433~~254.2389
		% Balance			0.5448%	0.3532%	0.3128%	1.2108%
		# Loans			3431	2322	2019	7772
		% # Loans			0.6055%	0.4039%	0.3534%	1.3528%
FORECLOSURE		Balance		-	-	-	13,~~122~~343,~~248~~819.7692	13,~~122~~343,~~248~~819.7692
		% Balance		0.00%	0.00%	0.00%	0.1340%	0.1340%
		# Loans		-	-	-	726	726
		% # Loans		0.00%	0.00%	0.00%	0.1246%	0.1246%
BANKRUPTCY		Balance		12,~~994~~045,~~787~~708.1854	~~198~~226,~~077~~635.0824	~~149~~115,~~742~~505.3368	~~334~~522,~~733~~363.0882	2,~~677~~910,~~339~~213.6728
		% Balance		0.2325%	0.0203%	0.0201%	0.0406%	0.3135%
		# Loans		14	2	1	24	1921
		% # Loans		0.25%	0.04%	0.02%	0.0407%	0.3337%
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		12,~~994~~045,~~787~~708.1854	4,~~831~~240,~~970~~532.1079	32,~~171~~808,~~012~~946.0305	46,~~121~~205,~~252~~100.3571	1415,~~119~~300,~~021~~288.6609
		% Balance		0.2325%	0.5751%	0.3734%	0.4874%	1.6583%
		# Loans		14	3633	2423	2949	~~103~~119
		% # Loans		0.25%	0.6359%	0.4241%	0.5187%	12.8012%
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 23				© COPYRIGHT 2003 Deutsche Bank
				Page 11 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	REO Report for October 27, 2003 Distribution
	REO Report for November 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 12 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 12 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 3				Loan Group 1 = Group 1 Group
Total Loan Count = 21				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 760,000.00
Total Original Principal Balance = 2,960,300.00
Total Current Balance = 756,788.68
Total Current Balance = 2,815,447.82
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
43100494 0		99,750.00	99,375.67	Mar-01-03	9.200%	TX - 95.00%	360	Feb-13-03
39161989 0		116,100.00	115,218.16	Mar-01-03	8.500%	IN - 90.00%	360	Oct-31-02
43343946 0		64,000.00	63,859.89	May-01-03	11.000%	AL - 80.00%	360	Mar-07-03
43078435 0		150,000.00	149,528.34	Jun-01-03	10.700%	TX - 58.19%	360	Feb-28-03
43975614 0		596,250.00	593,553.12	May-01-03	7.500%	MI - 75.00%	360	Mar-07-03
43330810 0		81,250.00	80,892.83	Apr-01-03	9.100%	AZ - 65.00%	360	Feb-27-03
				Page 13 of 23				© COPYRIGHT 2003 Deutsche Bank
43342708 0		97,500.00	97,071.43	May-01-03	9.100%	MN - 65.00%	360	Feb-28-03
43803659 0		301,500.00	299,758.61	Apr-01-03	7.750%	PA - 90.00%	360	Feb-28-03
43903772 0		86,400.00	86,027.97	Jun-01-03	9.200%	MI - 80.00%	360	Feb-28-03
43987924 0		180,000.00	179,114.72	Jun-01-03	8.550%	IL - 90.00%	360	Feb-20-03
43993690 0		315,000.00	313,512.57	May-01-03	8.750%	CO - 85.14%	360	Feb-28-03
44002772 0		55,000.00	54,750.66	May-01-03	8.950%	KS - 61.11%	360	Feb-28-03
44024990 0		130,500.00	-	May-01-03	9.990%	FL - 90.00%	360	Feb-27-03
44096923 0		215,000.00	213,402.58	Jun-01-03	6.750%	WA - 89.58%	360	Feb-27-03
44163798 0		117,600.00	117,291.68	May-01-03	10.900%	NY - 80.00%	360	Mar-13-03
44268100 0		80,750.00	80,332.30	Jun-01-03	8.600%	OH - 95.00%	360	Mar-04-03
44405637 0		144,000.00	142,577.16	May-01-03	9.650%	IN - 90.00%	240	Mar-31-03
44420826 0		169,000.00	168,105.35	May-01-03	7.500%	CO - 66.80%	360	Mar-10-03
44564292 0		100,000.00	99,767.24	May-01-03	11.450%	IL - 50.00%	360	Mar-17-03
44567238 0		72,500.00	72,355.19	May-01-03	12.150%	IL - 50.00%	360	Mar-17-03
44568103 0		72,500.00	72,355.19	May-01-03	12.150%	IL - 50.00%	360	Mar-17-03
44727220 0		197,200.00	196,396.40	Jun-01-03	8.800%	OH - 85.00%	360	Mar-18-03
45307238 0		139,000.00	137,931.86	Jun-01-03	8.400%	TX - 83.74%	360	Apr-10-03
45727385 0		139,500.00	139,057.58	Jun-01-03	9.250%	CO - 88.29%	360	Apr-22-03
				Page 13 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							85102
	Number of Repurchased Loans							-1
	Total Number of Loans Prepaid in Full							85103
	Paid in Full Balance							1317,~~902~~185,~~301~~787.4800
	Repurchased Loans Balance							-593,553.12
	Curtailments Amount							~~323~~61,~~182~~598.0591
	Total Prepayment Amount							1417,~~225~~840,~~483~~939.5303
	Cumulative
	Number of Paid in Full Loans							~~237~~339
	Number of Repurchased Loans							1617
	Total Number of Loans Prepaid in Full							~~253~~356
	Paid in Full Balance							3855,~~288~~474,~~394~~181.15
	Repurchased Loans Balance							2,~~310~~904,~~920~~473.8799
	Curtailments Amount							~~994~~1,~~080~~055,679.9586
	Total Prepayment Amount							4159,~~593~~434,~~395~~335.9700
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 14 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 14 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							12.6409%
	3 Months Avg SMM							1.1758%
	12 Months Avg SMM
	Avg SMM Since Cut-off							01.8100%
	CPR							1722.9941%
	3 Months Avg CPR							1317.1336%
	12 Months Avg CPR
	Avg CPR Since Cut-off							911.3231%
	PSA							~~1389~~1499.2474%
	3 Months Avg PSA Approximation							~~1199~~1341.0307%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							~~1151~~1247.9284%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 15 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 15 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
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 16 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 16 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 85						Loan Group 1 = Group 1 Group
Total Loan Count = 103						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 13,979,087.00
Total Original Principal Balance = 18,146,586.00
Total Prepayment Amount = 13,902,301.48
Total Prepayment Amount = 17,779,340.12
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
38061073 0			100,000.00	99,273.92	Oct-02-03	8.250%	OK - 80.00%	Paid Off - 360	Sep-27-02
39535042 0			119,800.00	119,280.94	Oct-13-03	10.750%	MN - 84.97%	Paid Off - 360	Oct-31-02
38899084 0			120,000.00	114,422.00	Oct-06-03	8.250%	TX - 80.00%	Paid Off - 180	Sep-30-02
39618921 0			94,520.00	90,485.72	Oct-22-03	7.500%	MN - 58.17%	Paid Off - 180	Oct-31-02
39669676 0			132,000.00	130,929.36	Oct-03-03	7.190%	CA - 82.50%	Paid Off - 360	Oct-31-02
39754312 0			204,000.00	199,859.78	Oct-14-03	6.750%	CA - 94.88%	Paid Off - 240	Nov-27-02
39791892 0			105,000.00	104,544.45	Sep-18-03	9.750%	OH - 87.50%	Paid Off - 360	Nov-06-02
40281610 0			140,000.00	139,408.32	Nov-03-03	9.875%	CA - 79.10%	Paid Off - 360	Dec-24-02
40786097 0			180,000.00	178,825.96	Sep-30-03	7.250%	CA - 80.00%	Paid Off - 360	Dec-31-02
40653230 0			172,000.00	170,822.01	Nov-05-03	7.500%	MD - 80.00%	Paid Off - 360	Dec-18-02
41059643 0			95,200.00	94,419.37	Oct-06-03	8.500%	MN - 80.00%	Paid Off - 360	Nov-29-02
40702615 0			91,999.00	91,428.78	Oct-16-03	8.569%	CA - 80.00%	Paid Off - 360	Dec-30-02
41174145 0			69,000.00	68,067.12	Sep-12-03	8.500%	FL - 30.00%	Paid Off - 360	Nov-29-02
40765414 0			92,000.00	91,424.45	Oct-28-03	8.500%	WI - 77.97%	Paid Off - 360	Nov-29-02
41263476 0			135,150.00	134,543.66	Oct-09-03	9.000%	DE - 85.00%	Paid Off - 360	Dec-18-02
41381088 0			50,250.00	49,938.20	Oct-29-03	7.999%	IL - 75.00%	Paid Off - 360	Dec-31-02
41420597 0			157,000.00	156,126.95	Sep-19-03	7.250%	KY - 86.26%	Paid Off - 360	Jan-24-03
41586413 0			186,500.00	185,189.81	Nov-04-03	6.750%	CA - 77.71%	Paid Off - 360	Jan-17-03
41632464 0			185,500.00	184,529.83	Sep-23-03	7.400%	CA - 78.94%	Paid Off - 360	Feb-12-03
41745043 0			232,000.00	230,698.64	Oct-23-03	8.500%	IL - 80.00%	Paid Off - 360	Dec-30-02
41691601 0			72,000.00	71,737.07	Sep-30-03	9.990%	FL - 90.00%	Paid Off - 360	Dec-30-02
42019950 0			143,650.00	142,912.86	Oct-30-03	8.350%	OH - 85.00%	Paid Off - 360	Jan-06-03
42194811 0			210,000.00	209,002.04	Sep-30-03	7.250%	NY - 77.21%	Paid Off - 360	Feb-12-03
42453506 0			162,000.00	161,222.16	Oct-17-03	7.990%	ME - 90.00%	Paid Off - 360	Feb-18-03
42487454 0			157,200.00	156,434.43	Sep-16-03	7.125%	CA - 86.37%	Paid Off - 360	Feb-26-03
42469171 0			217,500.00	216,779.67	Oct-29-03	9.800%	RI - 75.00%	Paid Off - 360	Feb-25-03
42592964 0			209,100.00	207,950.33	Sep-30-03	6.500%	NJ - 85.00%	Paid Off - 360	Feb-05-03
42485466 0			201,600.00	200,314.90	Oct-24-03	7.250%	CA - 89.60%	Paid Off - 360	Jan-27-03
42845131 0			76,000.00	75,733.68	Sep-23-03	7.850%	IN - 92.68%	Paid Off - 360	Mar-05-03
42520163 0			72,000.00	71,730.89	Oct-31-03	8.450%	FL - 90.00%	Paid Off - 360	Mar-18-03
42848622 0			90,000.00	89,660.14	Oct-03-03	8.400%	MO - 90.00%	Paid Off - 360	Feb-26-03
42708321 0			387,000.00	385,731.75	Oct-28-03	9.850%	WA - 90.00%	Paid Off - 360	Feb-26-03
42935742 0			72,200.00	71,903.82	Sep-25-03	7.990%	MS - 95.00%	Paid Off - 360	Feb-24-03
42731042 0			147,750.00	147,178.10	Oct-20-03	9.050%	CA - 75.00%	Paid Off - 360	Feb-25-03
42999490 0			213,000.00	211,016.58	Oct-02-03	7.500%	MA - 51.33%	Paid Off - 360	Feb-13-03
42732545 0			94,000.00	93,469.51	Nov-04-03	7.250%	MI - 77.69%	Paid Off - 360	Feb-19-03
43019694 0			391,500.00	389,815.07	Oct-02-03	7.750%	NJ - 90.00%	Paid Off - 360	Feb-24-03
42903393 0			50,000.00	49,129.52	Oct-31-03	7.650%	IA - 58.82%	Paid Off - 360	Feb-26-03
43137322 0			120,000.00	117,991.55	Oct-01-03	6.650%	NH - 75.95%	Paid Off - 180	Mar-06-03
42918268 0			215,600.00	214,085.41	Oct-29-03	6.750%	MN - 86.24%	Paid Off - 360	Jan-31-03
43164243 0			170,700.00	169,653.67	Sep-30-03	6.750%	CA - 89.84%	Paid Off - 360	Jan-30-03
42940452 0			63,000.00	62,724.28	Oct-31-03	8.450%	AZ - 75.00%	Paid Off - 360	Feb-28-03
43233675 0			160,000.00	155,947.30	Oct-01-03	7.500%	MA - 80.00%	Paid Off - 360	Feb-18-03
43013986 0			225,250.00	224,474.17	Oct-16-03	8.850%	NJ - 85.00%	Paid Off - 360	Mar-10-03
43233980 0			118,500.00	117,953.26	Oct-02-03	7.400%	FL - 87.78%	Paid Off - 360	Feb-25-03
43033372 0			148,500.00	146,920.32	Nov-04-03	7.500%	MA - 90.00%	Paid Off - 360	Feb-27-03
43236520 0			270,000.00	268,639.37	Sep-30-03	6.950%	IL - 69.05%	Paid Off - 360	Feb-21-03
43075936 0			158,000.00	157,163.63	Oct-15-03	7.500%	MN - 77.83%	Paid Off - 360	Feb-18-03
43248301 0			275,500.00	274,435.06	Sep-29-03	8.375%	CA - 95.00%	Paid Off - 360	Feb-18-03
43115526 0			125,000.00	122,055.67	Oct-20-03	6.500%	CA - 51.02%	Paid Off - 180	Feb-25-03
43281385 0			110,000.00	109,372.68	Oct-01-03	9.550%	PA - 65.48%	Paid Off - 360	Feb-25-03
43120229 0			83,300.00	83,021.21	Oct-22-03	9.750%	PA - 85.00%	Paid Off - 360	Feb-20-03
43291756 0			82,800.00	82,582.02	Sep-23-03	9.250%	IL - 90.00%	Paid Off - 360	Mar-03-03
43226976 0			159,000.00	158,282.73	Oct-24-03	8.300%	CA - 61.15%	Paid Off - 360	Feb-11-03
43331743 0			82,000.00	81,680.82	Oct-06-03	8.250%	WA - 62.12%	Paid Off - 360	Feb-26-03
43230135 0			375,000.00	369,186.06	Oct-28-03	6.550%	CA - 75.00%	Paid Off - 240	Feb-24-03
43342120 0			135,000.00	134,257.71	Oct-06-03	6.500%	CT - 79.88%	Paid Off - 360	Feb-14-03
43250653 0			118,000.00	117,537.56	Oct-27-03	8.990%	CA - 81.38%	Paid Off - 360	Feb-25-03
43411172 0			65,500.00	65,281.75	Sep-29-03	8.100%	NH - 39.70%	Paid Off - 360	Mar-07-03
43338128 0			184,000.00	183,025.97	Oct-20-03	7.500%	MA - 69.43%	Paid Off - 360	Feb-28-03
43411834 0			175,250.00	174,383.89	Sep-15-03	7.050%	MN - 94.73%	Paid Off - 360	Feb-19-03
43346220 0			217,000.00	216,133.68	Oct-28-03	8.900%	CA - 80.37%	Paid Off - 360	Feb-25-03
43446616 0			265,500.00	264,299.10	Oct-01-03	7.500%	CO - 90.00%	Paid Off - 360	Feb-18-03
43372911 0			299,250.00	297,601.56	Oct-20-03	7.300%	CA - 95.00%	Paid Off - 360	Feb-28-03
43468735 0			175,000.00	174,414.33	Oct-02-03	8.990%	RI - 87.50%	Paid Off - 360	Feb-24-03
43398973 0			130,000.00	129,195.36	Nov-03-03	6.700%	CA - 74.71%	Paid Off - 360	Mar-10-03
43499565 0			100,000.00	99,624.24	Oct-06-03	7.500%	NV - 27.03%	Paid Off - 360	Mar-11-03
43406388 0			63,750.00	63,438.33	Oct-28-03	7.900%	IL - 85.00%	Paid Off - 360	Feb-28-03
43531425 0			235,800.00	235,185.71	Oct-02-03	9.300%	IL - 89.89%	Paid Off - 360	Mar-06-03
43412329 0			172,000.00	171,325.92	Oct-28-03	8.990%	ME - 52.12%	Paid Off - 360	Feb-20-03
43536713 0			250,000.00	248,869.22	Oct-02-03	7.500%	CA - 76.92%	Paid Off - 360	Feb-27-03
43481357 0			375,000.00	373,014.92	Oct-21-03	7.500%	CO - 41.21%	Paid Off - 360	Feb-25-03
43559681 0			135,000.00	134,593.56	Sep-23-03	9.500%	CA - 90.00%	Paid Off - 360	Feb-28-03
43485267 0			243,000.00	241,726.35	Nov-04-03	7.550%	CA - 90.00%	Paid Off - 360	Feb-13-03
43578814 0			88,200.00	87,948.00	Oct-07-03	9.750%	IA - 90.00%	Paid Off - 360	Feb-26-03
43485416 0			149,600.00	148,701.29	Nov-03-03	6.990%	MA - 40.99%	Paid Off - 360	Feb-27-03
43609999 0			180,000.00	179,146.88	Sep-25-03	7.500%	MA - 74.07%	Paid Off - 360	Feb-26-03
43486638 0			160,000.00	157,123.90	Oct-16-03	7.750%	CA - 73.39%	Paid Off - 240	Feb-19-03
43618313 0			254,500.00	251,727.25	Oct-10-03	6.250%	MA - 74.85%	Paid Off - 240	Mar-04-03
43493188 0			136,800.00	133,853.08	Oct-15-03	7.500%	RI - 95.00%	Paid Off - 180	Feb-28-03
43622711 0			171,000.00	170,367.29	Sep-17-03	8.500%	CA - 90.00%	Paid Off - 360	Feb-25-03
43521954 0			225,000.00	223,974.01	Nov-10-03	8.250%	NY - 64.29%	Paid Off - 360	Feb-26-03
43646173 0			148,500.00	147,852.30	Sep-16-03	6.750%	CA - 74.25%	Paid Off - 360	Mar-17-03
43530872 0			234,000.00	232,772.99	Oct-22-03	7.750%	NY - 90.00%	Paid Off - 360	Feb-20-03
43661073 0			56,000.00	55,763.50	Sep-23-03	8.300%	OH - 56.00%	Paid Off - 360	Feb-26-03
43545144 0			289,750.00	287,488.71	Oct-22-03	7.300%	CA - 95.00%	Paid Off - 360	Feb-26-03
43727825 0			136,000.00	135,384.82	Sep-16-03	7.500%	TX - 80.00%	Paid Off - 360	Mar-12-03
43545896 0			247,500.00	246,380.53	Oct-16-03	7.500%	FL - 75.00%	Paid Off - 360	Mar-06-03
					Page 17 of 23				© COPYRIGHT 2003 Deutsche Bank
					Page 17 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 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
43741826 0			105,000.00	104,501.03	Sep-22-03	7.250%	CA - 56.76%	Paid Off - 360	Mar-07-03
43624063 0			168,100.00	167,369.28	Oct-17-03	7.700%	CA - 84.05%	Paid Off - 360	Mar-07-03
43773738 0			81,900.00	81,513.55	Sep-16-03	7.300%	NJ - 90.00%	Paid Off - 360	Mar-05-03
43640424 0			250,000.00	248,264.60	Nov-04-03	6.100%	NJ - 79.37%	Paid Off - 360	Mar-03-03
43803295 0			101,000.00	100,631.66	Sep-26-03	7.650%	MD - 70.14%	Paid Off - 360	Mar-06-03
43650266 0			310,500.00	309,405.14	Oct-14-03	9.500%	CA - 83.92%	Paid Off - 360	Feb-27-03
43808880 0			136,800.00	136,079.97	Sep-29-03	7.650%	PA - 90.00%	Paid Off - 360	Feb-28-03
43658905 0			236,600.00	235,510.93	Nov-05-03	8.200%	NJ - 70.00%	Paid Off - 360	Feb-27-03
43824960 0			171,000.00	170,059.80	Sep-29-03	6.500%	FL - 95.00%	Paid Off - 360	Feb-27-03
43741537 0			269,500.00	267,848.04	Oct-31-03	6.750%	CA - 86.66%	Paid Off - 360	Feb-25-03
43864727 0			215,100.00	213,272.32	Oct-02-03	7.500%	MA - 78.22%	Paid Off - 360	Feb-28-03
43745058 0			65,000.00	63,938.19	Oct-16-03	10.650%	PA - 54.17%	Paid Off - 180	Feb-28-03
43879477 0			202,500.00	201,584.13	Sep-15-03	7.990%	CA - 90.00%	Paid Off - 360	Mar-14-03
43784396 0			252,000.00	250,524.84	Oct-20-03	6.990%	CA - 90.00%	Paid Off - 360	Feb-28-03
43881374 0			136,000.00	134,933.54	Oct-02-03	8.990%	CA - 80.00%	Paid Off - 360	Feb-28-03
43791532 0			65,000.00	63,664.22	Nov-03-03	8.050%	AZ - 61.91%	Paid Off - 180	Feb-28-03
43906866 0			300,000.00	299,030.25	Oct-02-03	8.250%	NJ - 88.24%	Paid Off - 360	Mar-14-03
43805233 0			181,000.00	179,357.21	Oct-29-03	6.500%	MA - 55.69%	Paid Off - 360	Feb-28-03
43922368 0			270,000.00	266,749.14	Sep-29-03	6.750%	MD - 74.38%	Paid Off - 240	Feb-28-03
43824085 0			210,000.00	208,404.23	Oct-15-03	6.750%	CA - 88.24%	Paid Off - 360	Feb-28-03
43967934 0			198,000.00	196,911.36	Sep-18-03	6.500%	CA - 81.82%	Paid Off - 360	Feb-25-03
43903814 0			107,000.00	104,543.97	Oct-13-03	6.750%	CA - 93.86%	Paid Off - 180	Feb-28-03
43977719 0			191,000.00	190,278.82	Sep-11-03	8.400%	IL - 83.04%	Paid Off - 360	Feb-27-03
43926799 0			70,000.00	69,753.86	Oct-24-03	8.750%	WI - 70.00%	Paid Off - 360	Mar-18-03
44000743 0			150,000.00	149,489.99	Sep-29-03	8.000%	TX - 29.41%	Paid Off - 360	Mar-07-03
43931088 0			204,375.00	203,413.32	Nov-06-03	8.100%	FL - 75.00%	Paid Off - 360	Feb-21-03
44007557 0			108,000.00	107,608.00	Oct-08-03	9.200%	FL - 90.00%	Paid Off - 360	Feb-24-03
43934769 0			95,000.00	94,374.43	Nov-05-03	6.850%	KS - 95.00%	Paid Off - 360	Feb-27-03
44012714 0			121,500.00	121,034.29	Oct-07-03	7.400%	FL - 90.00%	Paid Off - 360	Mar-11-03
43937986 0			234,900.00	233,928.68	Oct-20-03	7.950%	MD - 90.00%	Paid Off - 360	Mar-17-03
44023547 0			195,887.00	195,121.23	Sep-19-03	7.300%	CA - 69.96%	Paid Off - 360	Mar-10-03
43939941 0			113,900.00	113,506.63	Oct-22-03	9.600%	MI - 85.00%	Paid Off - 360	Feb-28-03
44068831 0			162,000.00	161,321.64	Sep-25-03	6.950%	FL - 85.26%	Paid Off - 360	Mar-04-03
43977685 0			225,625.00	224,418.80	Oct-21-03	7.450%	CA - 95.00%	Paid Off - 360	Feb-28-03
44106888 0			297,000.00	295,884.04	Oct-06-03	7.500%	MA - 78.16%	Paid Off - 360	Mar-14-03
43983956 0			90,000.00	89,589.90	Oct-31-03	8.250%	OH - 90.00%	Paid Off - 360	Feb-28-03
44129013 0			148,500.00	147,960.24	Oct-09-03	8.750%	MA - 90.00%	Paid Off - 360	Mar-11-03
44092807 0			133,200.00	132,467.62	Oct-31-03	6.500%	MI - 90.00%	Paid Off - 360	Mar-12-03
44142131 0			60,000.00	59,890.77	Oct-03-03	10.990%	AL - 45.11%	Paid Off - 360	Mar-10-03
44093946 0			104,000.00	103,530.49	Oct-31-03	9.200%	MO - 78.20%	Paid Off - 360	Mar-21-03
44202109 0			140,250.00	139,639.41	Sep-18-03	6.750%	CA - 85.00%	Paid Off - 360	Mar-18-03
44103471 0			98,000.00	96,485.19	Oct-28-03	9.500%	NM - 87.50%	Paid Off - 180	Mar-31-03
44216273 0			172,000.00	171,334.19	Sep-15-03	7.350%	CA - 76.44%	Paid Off - 360	Mar-05-03
44125201 0			171,000.00	170,468.87	Oct-22-03	9.350%	MD - 90.00%	Paid Off - 360	Mar-06-03
44218402 0			76,500.00	76,029.77	Sep-17-03	8.900%	FL - 85.00%	Paid Off - 360	Mar-05-03
44174803 0			185,000.00	181,014.79	Oct-30-03	7.500%	CA - 64.91%	Paid Off - 180	Mar-04-03
44285286 0			299,800.00	298,423.97	Oct-06-03	8.250%	CA - 87.66%	Paid Off - 360	Mar-13-03
44201697 0			85,000.00	84,637.81	Oct-22-03	7.800%	MI - 77.13%	Paid Off - 360	Mar-12-03
44311207 0			123,750.00	123,298.67	Sep-16-03	7.650%	NJ - 75.00%	Paid Off - 360	Mar-10-03
44213882 0			142,200.00	141,614.62	Oct-31-03	8.750%	MD - 78.56%	Paid Off - 360	Feb-28-03
44348837 0			149,000.00	148,440.14	Sep-22-03	7.500%	ME - 85.14%	Paid Off - 360	Mar-17-03
44215440 0			201,000.00	199,103.80	Nov-07-03	6.700%	CA - 82.04%	Paid Off - 360	Feb-28-03
44416956 0			72,000.00	71,721.30	Sep-12-03	7.350%	FL - 80.00%	Paid Off - 360	Mar-14-03
44221802 0			62,900.00	61,882.29	Nov-03-03	8.990%	MD - 78.63%	Paid Off - 180	Mar-14-03
44505030 0			69,700.00	69,410.12	Oct-09-03	6.990%	CT - 87.13%	Paid Off - 360	Mar-17-03
44222628 0			153,600.00	152,787.42	Oct-22-03	6.700%	CA - 80.00%	Paid Off - 360	Mar-12-03
44552339 0			170,000.00	168,247.89	Oct-01-03	6.500%	CA - 47.89%	Paid Off - 240	Apr-01-03
44233054 0			242,900.00	241,770.60	Oct-31-03	8.150%	CA - 70.00%	Paid Off - 360	Mar-10-03
44586600 0			199,800.00	199,246.06	Oct-01-03	9.000%	MD - 90.00%	Paid Off - 360	Mar-18-03
44235745 0			168,300.00	167,714.32	Oct-20-03	8.800%	IL - 90.00%	Paid Off - 360	Mar-05-03
44727493 0			71,400.00	71,195.79	Sep-29-03	8.850%	MI - 85.00%	Paid Off - 360	Mar-20-03
44261162 0			132,000.00	128,674.32	Oct-27-03	7.600%	CA - 82.50%	Paid Off - 180	Mar-10-03
44741122 0			270,000.00	269,260.62	Oct-02-03	7.950%	CA - 90.00%	Paid Off - 360	Apr-18-03
44266542 0			232,750.00	231,388.28	Nov-03-03	6.990%	CA - 95.00%	Paid Off - 360	Feb-28-03
44866895 0			299,250.00	298,509.58	Oct-06-03	8.450%	IL - 95.00%	Paid Off - 360	Apr-14-03
44287522 0			246,400.00	106.44	Oct-31-03	9.150%	CA - 80.00%	Paid Off - 360	Mar-18-03
45321031 0			103,250.00	101,711.60	Sep-11-03	7.800%	IL - 86.77%	Paid Off - 180	Apr-08-03
44292894 0			127,000.00	125,487.41	Oct-30-03	7.950%	IL - 76.05%	Paid Off - 240	Mar-18-03
45567658 0			288,000.00	287,362.28	Oct-06-03	8.990%	FL - 90.00%	Paid Off - 360	Apr-14-03
44311454 0			156,500.00	155,717.44	Oct-24-03	6.990%	NY - 52.17%	Paid Off - 360	Mar-17-03
45630530 0			88,000.00	87,447.05	Oct-02-03	8.800%	MA - 51.77%	Paid Off - 360	Apr-23-03
44311561 0			150,000.00	149,472.62	Oct-23-03	8.750%	IL - 62.50%	Paid Off - 360	Mar-06-03
45630985 0			310,500.00	309,421.60	Sep-26-03	6.750%	MN - 79.62%	Paid Off - 360	Apr-10-03
44340529 0			285,000.00	283,207.38	Nov-07-03	7.700%	CO - 95.00%	Paid Off - 360	Mar-17-03
45748340 0			132,500.00	132,044.23	Sep-18-03	6.800%	FL - 72.40%	Paid Off - 360	Apr-29-03
44393221 0			90,000.00	89,668.49	Oct-24-03	7.600%	NH - 85.71%	Paid Off - 360	Apr-09-03
46158564 0			289,000.00	288,262.75	Sep-16-03	8.300%	MA - 82.57%	Paid Off - 360	Apr-25-03
44501898 0			171,000.00	170,255.18	Nov-10-03	9.400%	NY - 90.00%	Paid Off - 360	Mar-18-03
46960902 0			357,600.00	356,549.55	Sep-24-03	7.600%	IL - 90.00%	Paid Off - 360	Apr-25-03
44621688 0			328,500.00	326,661.92	Oct-29-03	6.500%	CA - 90.00%	Paid Off - 360	Mar-17-03
47007869 0			215,000.00	214,598.08	Oct-08-03	9.800%	NY - 70.49%	Paid Off - 360	Apr-30-03
44676625 0			149,000.00	148,353.97	Oct-31-03	8.000%	IL - 83.71%	Paid Off - 360	Mar-18-03
					Page 18 of 23				© COPYRIGHT 2003 Deutsche Bank
44790277 0			85,850.00	85,430.90	Oct-27-03	7.500%	OH - 85.00%	Paid Off - 360	Mar-17-03
45163284 0			110,500.00	110,250.89	Oct-14-03	9.990%	MD - 85.00%	Paid Off - 360	Apr-24-03
45216397 0			103,000.00	102,748.93	Nov-05-03	10.500%	CA - 58.86%	Paid Off - 360	Apr-29-03
45221876 0			258,500.00	257,117.99	Oct-31-03	6.500%	CA - 70.92%	Paid Off - 360	Apr-18-03
45372257 0			157,500.00	154,946.54	Oct-20-03	7.750%	ME - 90.00%	Paid Off - 180	Apr-16-03
45373644 0			93,600.00	93,326.74	Oct-21-03	8.750%	PA - 90.00%	Paid Off - 360	Apr-08-03
45415932 0			600,000.00	598,453.09	Nov-04-03	9.350%	MD - 88.24%	Paid Off - 360	Apr-22-03
45717618 0			99,367.00	99,108.09	Oct-21-03	9.300%	FL - 82.81%	Paid Off - 360	Apr-18-03
45818747 0			72,200.00	71,999.57	Oct-14-03	9.000%	TN - 95.00%	Paid Off - 360	Apr-23-03
45889391 0			264,500.00	263,644.96	Oct-28-03	8.250%	NJ - 74.51%	Paid Off - 360	Apr-30-03
45921889 0			76,000.00	75,664.48	Oct-16-03	9.350%	CA - 95.00%	Paid Off - 360	Apr-30-03
					Page 18 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 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
46004628 0			166,600.00	165,906.73	Nov-03-03	7.000%	IL - 85.00%	Paid Off - 360	Apr-16-03
46032165 0			210,000.00	209,386.98	Oct-27-03	8.750%	CA - 53.17%	Paid Off - 360	Apr-29-03
46354361 0			261,000.00	258,301.89	Oct-28-03	6.500%	CA - 90.00%	Paid Off - 240	Apr-22-03
46496667 0			68,400.00	68,209.91	Oct-21-03	9.050%	PA - 90.00%	Paid Off - 360	Apr-25-03
46496949 0			202,000.00	201,373.03	Oct-24-03	8.450%	NJ - 62.93%	Paid Off - 360	Apr-23-03
46715298 0			101,700.00	101,415.09	Oct-16-03	8.950%	MO - 90.00%	Paid Off - 360	Apr-29-03
43975614 0		FCL	596,250.00	593,553.12	Nov-06-03	7.500%	MI - 75.00%	Repur/Subs - 360	Mar-07-03
					Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								TOTAL
	Current
	Number of Loans Liquidated							-1
	Collateral Realized Loss/(Gain) Amount							-3,978.74
	Net Liquidation Proceeds							-126,106.00
	Cumulative
	Number of Loans Liquidated							-1
	Collateral Realized Loss/(Gain) Amount							-3,978.74
	Net Liquidation Proceeds							-126,106.00
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Period loan level losses							03,978.0074
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							03,978.0074
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 19 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 20 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.0002%
	3 Months Avg MDR							0.0001%
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.0018%
	3 Months Avg CDR							0.0006%
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.0003%
	SDA							01.0022%
	3 Months Avg SDA Approximation							0.0047%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.0029%
	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
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 20 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 21 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
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 21 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 22 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for October 27, 2003 Distribution
	Realized Loss Detail Report for November 25, 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 Loan Count = 1						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00
Total Original Principal Balance = 130,500.00
Total Prior Principal Balance = 0.00
Total Prior Principal Balance = 130,084.74
Total Realized Loss Amount = 0.00
Total Realized Loss Amount = 3,978.74
Total Net Liquidation Proceeds = 0.00
Total Net Liquidation Proceeds = 126,106.00
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
44024990 0		FLC	130,500.00	130,084.74	3,978.74	9.990%	FL - 90.00%	360	Feb-27-03
					Page 22 of 23				© COPYRIGHT 2003 Deutsche Bank
					Page 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-5
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Trigger Event in effect							NoYes
	Stepdown Date has occurred							No
	Balances 60+ days							911,~~485~~286,~~128~~390.6454
	Ending Balance							~~853~~834,~~627~~842,~~520~~712.9315
	Delinquency Percentage							1.1135%
	Balance of Mezzanine and C Class							74,250,000.00
	Ending Balance							~~853~~834,~~627~~842,~~520~~712.9315
	Credit Enhancement Percentage							8.7089%
ADJUSTABLE RATE CERTIFICATE INFORMATION								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								TOTAL
	Libor for Current Period							1.120000%
	Class A-1 Next Pass-Through Rate							1.~~210000~~208750%
	Class A-6 Next Pass-Through Rate							4.541000%
	Class M-1 Next Pass-Through Rate							5.224000%
	Class M-2 Next Pass-Through Rate							5.622000%
	Class M-3 Next Pass-Through Rate							6.009000%
	Class M-4 Next Pass-Through Rate							6.420000%
				Page 23 of 23				© COPYRIGHT 2003 Deutsche Bank
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · AMERIQUEST MORT SEC INC ASSET BACK PAS THR CERTS SER 2003 5