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 PS THR CERT SER 2003-AR3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-103335-06 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 June 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-AR3
	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				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				22
			12.	Realized Loss Detail Report				25
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				26
			14.	Other Related Information				27
				Total Number of Pages				27
			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 Mortgage Corp					Cut-Off Date: June 1, 2003
	Certificate Insurer(s):							Closing Date: June 6, 2003
								First Payment Date: July 25, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		UBS Warburg Lead Underwriter					Record Date: ~~October~~November 24, 2003
			Morgan Stanley Lead Underwriter					~~September~~October 3031, 2003
			Banc of America Securities LLC Underwriter
			Citigroup Underwriter
			Deutsche Bank Underwriter
			RBS Greenwich Capital Underwriter
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	REMIC II
	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	FLT	1,080,374,000.00			1,~~060~~041,~~967~~937,~~316~~248.8660	1,~~386~~233,~~330~~827.6336	1921,~~030~~011,~~068~~318.2641	2022,~~416~~245,~~398~~145.8977	-	-	1,~~041~~020,~~937~~925,~~248~~930.6019
A-2	MEZ, FLT	356,126,000.00			~~348~~342,~~143~~186,~~255~~101.1715	~~461~~410,~~096~~718.4037	57,~~957~~654,~~154~~564.0250	68,~~418~~065,~~250~~282.4287	-	-	~~342~~334,~~186~~531,~~101~~536.1565
M-1	MEZ, FLT	93,500,000.00			93,500,000.00	~~159~~144,~~573~~613.33	-	~~159~~144,~~573~~613.33	-	-	93,500,000.00
M-2	MEZ, FLT	80,750,000.00			80,750,000.00	~~227~~206,~~535~~204.5610	-	~~227~~206,~~535~~204.5610	-	-	80,750,000.00
M-3	MEZ, FLT	17,000,000.00			17,000,000.00	5449,~~702~~573.2289	-	5449,~~702~~573.2289	-	-	17,000,000.00
M-4	MEZ, FLT	17,000,000.00			17,000,000.00	7568,~~857~~746.7811	-	7568,~~857~~746.7811	-	-	17,000,000.00
M-5	MEZ, FLT	17,000,000.00			17,000,000.00	7366,~~591~~691.1194	-	7366,~~591~~691.1194	-	-	17,000,000.00
M-6	MEZ, FLT	17,000,000.00			17,000,000.00	7366,~~591~~691.1194	-	7366,~~591~~691.1194	-	-	17,000,000.00
CE	EXE	21,249,900.00			21,250,000.00	6,~~252~~386,~~318~~564.7285	-	6,~~252~~386,~~318~~564.7285	-	-	21,250,000.00
R	R	-			-	-	-	-	-	-	-
P	SUB	100.00			100.00	~~569~~678,~~943~~270.7912	-	~~569~~678,~~943~~270.7912	-	-	100.00
Total		1,700,000,000.00			1,~~672~~647,~~610~~623,~~672~~449.0375	9,~~334~~311,~~540~~902.6501	2428,~~987~~665,~~222~~882.2891	3437,~~321~~977,~~762~~784.9392	-	-	1,~~647~~618,~~623~~957,~~449~~566.7584
	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	03072SHD0	1,080,374,000.00	~~982~~964.~~037069~~422736	1.~~283195~~142037	1719.~~614334~~448190	1820.~~897529~~590227	~~964~~944.~~422736~~974546
A-2	0910/2527/03	1011/2624/03		A-Act/360	03072SHE8	356,126,000.00	~~977~~960.~~584493~~856835	1.~~294756~~153295	1621.~~727658~~493978	1822.~~022415~~647273	~~960~~939.~~856835~~362857
M-1	0910/2527/03	1011/2624/03		A-Act/360	03072SHF5	93,500,000.00	1,000.000000	1.~~706667~~546667	-	1.~~706667~~546667	1,000.000000
M-2	0910/2527/03	1011/2624/03		A-Act/360	03072SHG3	80,750,000.00	1,000.000000	2.~~817778~~553611	-	2.~~817778~~553611	1,000.000000
M-3	0910/2527/03	1011/2624/03		A-Act/360	03072SHH1	17,000,000.00	1,000.000000	32.~~217778~~916111	-	32.~~217778~~916111	1,000.000000
M-4	0910/2527/03	1011/2624/03		A-Act/360	03072SHJ7	17,000,000.00	1,000.000000	4.~~462222~~043889	-	4.~~462222~~043889	1,000.000000
M-5	0910/2527/03	1011/2624/03		A-Act/360	03072SHK4	17,000,000.00	1,000.000000	43.~~328889~~923055	-	43.~~328889~~923055	1,000.000000
M-6	0910/2527/03	1011/2624/03		A-Act/360	03072SHL2	17,000,000.00	1,000.000000	43.~~328889~~923055	-	43.~~328889~~923055	1,000.000000
CE				-		21,249,900.00	1,000.004706	~~294~~300.~~228148~~545643	-	~~294~~300.~~228148~~545643	1,000.004706
R				-		-	-	-	-	-	-
P				-		100.00	1,000.000000	56,~~699~~782,~~437~~701.~~900000~~200000	-	56,~~699~~782,~~437~~701.~~900000~~200000	1,000.000000
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	REMIC II
	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	1,080,374,000.00		67,~~516~~750,~~835~~663.7006		3454,~~676~~731,~~828~~201.3789	34,~~759~~716,~~923~~867.0393	3859,~~436~~448,~~751~~069.4081	4467,~~953~~198,~~587~~732.1087	-	-	1,~~041~~020,~~937~~925,~~248~~930.6019
A-2	356,126,000.00		2,~~170~~581,~~430~~148.6299		1219,~~410~~716,~~777~~720.8892	1,~~529~~877,~~120~~742.9742	1321,~~939~~594,~~898~~463.8535	1624,~~110~~175,~~329~~612.4734	-	-	~~342~~334,~~186~~531,~~101~~536.1565
M-1	93,500,000.00		~~734~~879,~~858~~471.0639		-	-	-	~~734~~879,~~858~~471.0639	-	-	93,500,000.00
M-2	80,750,000.00		1,~~035~~241,~~596~~800.3343		-	-	-	1,~~035~~241,~~596~~800.3343	-	-	80,750,000.00
M-3	17,000,000.00		~~248~~297,~~407~~981.7867		-	-	-	~~248~~297,~~407~~981.7867	-	-	17,000,000.00
M-4	17,000,000.00		~~321~~390,~~559~~305.7283		-	-	-	~~321~~390,~~559~~305.7283	-	-	17,000,000.00
M-5	17,000,000.00		~~314~~381,~~901~~593.3933		-	-	-	~~314~~381,~~901~~593.3933	-	-	17,000,000.00
M-6	17,000,000.00		~~314~~381,~~901~~593.3933		-	-	-	~~314~~381,~~901~~593.3933	-	-	17,000,000.00
CE	21,249,900.00		2330,~~749~~136,~~537~~102.3318		0.00	-	-	2330,~~749~~136,~~537~~102.3318	-	100.00	21,250,000.00
R	-		-		-	-	-	-	-	-	-
P	100.00		1,~~000~~678,~~457~~728.9608		-	-	-	1,~~000~~678,~~457~~728.9608	-	-	100.00
Total	1,700,000,000.00		3645,~~407~~719,~~486~~388.2829		4774,~~087~~447,~~606~~922.2581	56,~~289~~594,~~044~~610.0035	5281,~~376~~042,~~650~~533.2516	88126,~~784~~761,~~136~~921.5345	-	100.00	1,~~647~~618,~~623~~957,~~449~~566.7584
	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	1.47000%	1,~~060~~041,~~967~~937,~~316~~248.8660			1,~~386~~233,~~330~~827.6336	-	-	-	1,~~386~~233,~~330~~827.6336	1,~~386~~233,~~330~~827.6336	-
A-2	1.49000%	~~348~~342,~~143~~186,~~255~~101.1715			~~461~~410,~~096~~718.4037	-	-	-	~~461~~410,~~096~~718.4037	~~461~~410,~~096~~718.4037	-
M-1	1.92000%	93,500,000.00			~~159~~144,~~573~~613.33	-	-	-	~~159~~144,~~573~~613.33	~~159~~144,~~573~~613.33	-
M-2	3.17000%	80,750,000.00			~~227~~206,~~535~~204.5610	-	-	-	~~227~~206,~~535~~204.5610	~~227~~206,~~535~~204.5610	-
M-3	3.62000%	17,000,000.00			5449,~~702~~573.2289	-	-	-	5449,~~702~~573.2289	5449,~~702~~573.2289	-
M-4	5.02000%	17,000,000.00			7568,~~857~~746.7811	-	-	-	7568,~~857~~746.7811	7568,~~857~~746.7811	-
M-5	4.87000%	17,000,000.00			7366,~~591~~691.1194	-	-	-	7366,~~591~~691.1194	7366,~~591~~691.1194	-
M-6	4.87000%	17,000,000.00			7366,~~591~~691.1194	-	-	-	7366,~~591~~691.1194	7366,~~591~~691.1194	-
CE		21,250,000.00			6,~~252~~386,~~318~~564.7285	-	-	-	6,~~252~~386,~~318~~564.7285	6,~~252~~386,~~318~~564.7285	-
R		-			-	-	-	-	-	-	-
P		100.00			~~569~~678,~~943~~270.7912	-	-	-	~~569~~678,~~943~~270.7912	~~569~~678,~~943~~270.7912	-
Total		1,~~672~~647,~~610~~623,~~672~~449.0375			9,~~334~~311,~~540~~902.6501	-	-	-	9,~~334~~311,~~540~~902.6501	9,~~334~~311,~~540~~902.6501	-
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					57,~~957~~654,~~154~~564.0250	1921,~~030~~011,~~068~~318.2641	2428,~~987~~665,~~222~~882.2891
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					57,~~957~~654,~~154~~564.0250	1921,~~030~~011,~~068~~318.2641	2428,~~987~~665,~~222~~882.2891
	Interest Collections					2,~~427~~393,~~944~~319.8964	7,~~531~~423,~~802~~383.9964	9,~~959~~816,~~747~~703.8828
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(~~273~~269,~~030~~314.0565)	(~~922~~913,~~120~~756.9774)	(1,~~195~~183,~~151~~071.0239)
	TOTAL NET INTEREST					2,~~154~~124,~~914~~004.8499	6,~~609~~509,~~682~~626.0290	8,~~764~~633,~~596~~631.8689
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					89,~~112~~778,~~068~~569.8649	2527,~~639~~520,~~750~~945.2831	3337,~~751~~299,~~819~~514.1480
	Prepayment Penalties Collected							~~569~~678,~~943~~270.7912
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							3437,~~321~~977,~~762~~784.9392
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~342~~339,~~762~~644.9983	~~974~~965,~~328~~921.6152	1,~~317~~305,~~091~~566.6035
	Prepayments In Full					57,~~265~~292,~~486~~715.9990	1720,~~769~~002,~~771~~930.3940	2327,~~035~~295,~~258~~646.3830
	Curtailments					2122,~~249~~203.3277	5242,~~022~~466.1949	7364,~~271~~670.5126
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					~~327,654~~0.7200	~~233,946~~0.0700	~~561,600~~0.7900
	Other Principal					0.00	0.00	0.00
	Prefunding Release					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(~~300~~294,~~355~~215.3447)	(~~852~~834,~~002~~065.8925)	(1,~~152~~128,~~358~~280.2372)
	Advanced Principal					~~300~~294,~~355~~215.3447	~~852~~834,~~002~~065.8925	1,~~152~~128,~~358~~280.2372
	TOTAL PRINCIPAL COLLECTED					57,~~957~~654,~~154~~564.0250	1921,~~030~~011,~~068~~318.2641	2428,~~987~~665,~~222~~882.2891
				Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					2,~~576~~539,~~484~~524.3058	7,~~985~~865,~~838~~235.2820	10,~~562~~404,~~322~~759.5878
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					~~1,965~~0.9300	~~1,601~~0.2700	~~3,567~~0.2000
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(2,~~257~~191,~~959~~805.3985)	(6,~~956~~741,~~729~~930.1451)	(98,~~214~~933,~~688~~736.5336)
	Interest Advanced					2,~~107~~045,~~454~~600.0591	6,~~501~~300,~~092~~078.5895	8,~~608~~345,~~546~~679.6386
	TOTAL INTEREST COLLECTED					2,~~427~~393,~~944~~319.8964	7,~~531~~423,~~802~~383.9964	9,~~959~~816,~~747~~703.8828
				Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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						GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2123,~~774~~592.0227	6974,~~005~~861.2001	9098,~~779~~453.2228
	Trustee Fees					~~430~~424.7049	1,~~311~~291.6078	1,~~742~~716.3027
	PMI Insurance Fees					~~250~~245,~~825~~297.3389	~~851~~837,~~804~~603.1795	1,~~102~~082,~~629~~901.5084
	TOTAL INTEREST OTHER FEES					~~273~~269,~~030~~314.0565	~~922~~913,~~120~~756.9774	1,~~195~~183,~~151~~071.0239
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Reserve Balance (Ending)							1,000.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							21,250,000.00
	Overcollateralization Target Amount							21,250,000.00
	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							0.00
				Page 7 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1689	7784	9473
	Prior					1,~~665~~644	7,~~690~~593	9,~~355~~237
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(2025)	(95111)	(~~115~~136)
	Repurchases					~~(1)~~-	~~(2)~~-	~~(3)~~-
	Liquidations					-	-	-
	Current					1,~~644~~619	7,~~593~~482	9,~~237~~101
	Principal Balance:
	Original					421,452,910.82	1,278,544,522.64	1,699,997,433.46
	Prior					~~413~~407,~~470~~513,~~450~~296.3432	1,~~259~~240,~~140~~110,~~221~~153.6943	1,~~672~~647,~~610~~623,~~672~~449.0375
	Prefunding					-	-	-
	Scheduled Principal					(~~342~~339,~~762~~644.9983)	(~~974~~965,~~328~~921.6152)	(1,~~317~~305,~~091~~566.6035)
	Partial and Full Voluntary Prepayments					(57,~~286~~314,~~736~~919.3167)	(1720,~~821~~045,~~793~~396.5889)	(2327,~~108~~360,~~529~~316.8956)
	Repurchases					~~(327,654.72)~~-	~~(233,946.07)~~-	~~(561,600.79)~~-
	Liquidations					-	-	-
	Current					~~407~~399,~~513~~858,~~296~~731.3282	1,~~240~~219,~~110~~098,~~153~~835.4302	1,~~647~~618,~~623~~957,~~449~~566.7584
PREFUNDING						GROUP 2	GROUP 1	TOTAL
	Original Pre-Funding Amount					74,373,163.95	225,622,307.79	299,995,471.74
	Pre-Funding Amount Beginning Balance					74,373,163.95	225,622,307.79	299,995,471.74
	Withdrawal for Subsequent Transfers					(74,372,916.03)	(225,619,989.17)	(299,992,905.20)
	Pre-Funding Amount Released as Principal					(247.92)	(2,318.62)	(2,566.54)
	Pre-Funding Amount Ending Balance					0.00	0.00	0.00
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.492869%	7.613333%	7.583469%
	Weighted Average Coupon Prior					7.~~485854~~483341%	7.~~613025~~612280%	7.~~581606~~580406%
	Weighted Average Coupon Current					7.~~483341~~478111%	7.~~612280~~610842%	7.~~580406~~578013%
	Weighted Average Months to Maturity Original					354	356	356
	Weighted Average Months to Maturity Prior					~~352~~351	~~354~~353	~~354~~353
	Weighted Average Months to Maturity Current					~~351~~350	~~353~~352	~~353~~352
	Weighted Avg Remaining Amortization Term Original					354	356	355
	Weighted Avg Remaining Amortization Term Prior					~~352~~351	~~354~~353	~~353~~352
	Weighted Avg Remaining Amortization Term Current					~~351~~349	~~353~~352	~~352~~351
	Weighted Average Seasoning Original					1.87	1.96	1.93
	Weighted Average Seasoning Prior					34.8685	34.95	34.9392
	Weighted Average Seasoning Current					45.85	45.9594	45.92
Note: Original information refers to deal issue.
	Group 1
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					4.183%	5.459%
	Weighted Average Margin Prior					4.~~173~~166%	5.~~456~~454%
	Weighted Average Margin Current					4.~~166~~163%	5.~~454~~450%
	Weighted Average Max Rate Original					8.965%	11.651%
	Weighted Average Max Rate Prior					8.~~940~~925%	11.~~646~~641%
	Weighted Average Max Rate Current					8.~~925~~916%	11.~~641~~631%
	Weighted Average Min Rate Original					5.060%	6.551%
	Weighted Average Min Rate Prior					5.~~045~~036%	6.~~548~~545%
	Weighted Average Min Rate Current					5.~~036~~030%	6.~~545~~539%
	Weighted Average Cap Up Original					0.651%	0.850%
	Weighted Average Cap Up Prior					0.~~649~~648%	0.~~850~~849%
	Weighted Average Cap Up Current					0.648%	0.849%
	Weighted Average Cap Down Original					0.651%	0.850%
	Weighted Average Cap Down Prior					0.~~649~~648%	0.~~850~~849%
	Weighted Average Cap Down Current					0.648%	0.849%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2123,~~774~~592.0227	6974,~~005~~861.2001	9098,~~779~~453.2228
	Delinquent Servicing Fees					~~150~~146,~~505~~204.3493	~~455~~441,~~636~~851.56	~~606~~588,~~141~~056.9049
	TOTAL SERVICING FEES					~~172~~169,~~279~~797.3620	~~524~~516,~~641~~712.7657	~~696~~686,~~921~~509.1277
	Prepayment Interest Shortfall					36,~~278~~021.0984	817,~~886~~026.6311	1223,~~164~~047.7295
	Compensating Interest					(36,~~278~~021.0984)	(817,~~886~~026.6311)	(1223,~~164~~047.7295)
	Delinquent Servicing Fees					(~~150~~146,~~505~~204.3493)	(~~455~~441,~~636~~851.56)	(~~606~~588,~~141~~056.9049)
	COLLECTED SERVICING FEES					2123,~~774~~592.0227	6974,~~005~~861.2001	9098,~~779~~453.2228
	Aggregate Advances with respect to this Distribution					2,~~407~~339,~~809~~816.3938	7,~~353~~134,~~095~~144.4720	9,~~760~~473,~~904~~960.8658
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances					0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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			1516,~~444~~550,~~201~~291.3886	610,~~086~~131,~~961~~799.1285	34,~~162~~344,~~850~~548.2211	2431,~~694~~026,~~012~~639.7282
		% Balance			01.9402%	0.3763%	0.1927%	1.5092%
		# Loans			8798	4259	1921	~~148~~178
		% # Loans			01.9408%	0.4565%	0.2123%	1.6096%
FORECLOSURE		Balance		-	-	-	~~338~~5,~~419~~406,500.0987	~~338~~5,~~419~~406,500.0987
		% Balance		0.00%	0.00%	0.00%	0.0233%	0.0233%
		# Loans		-	-	-	141	141
		% # Loans		0.00%	0.00%	0.00%	0.0145%	0.0145%
BANKRUPTCY		Balance		34,~~737~~186,~~161~~048.9363	~~693~~614,~~739~~007.6696	~~242~~668,~~497~~536.2935	~~326~~866,~~504~~867.5070	46,~~999~~335,~~903~~460.3864
		% Balance		0.2326%	0.04%	0.0104%	0.0205%	0.3039%
		# Loans		1922	53	26	26	2837
		% # Loans		0.2124%	0.0503%	0.0207%	0.0207%	0.3041%
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		34,~~737~~186,~~161~~048.9363	1617,~~137~~164,~~941~~299.0482	610,~~329~~800,~~458~~336.4120	310,~~827~~617,~~773~~916.8168	3042,~~032~~768,~~335~~601.1933
		% Balance		0.2326%	01.9806%	0.3867%	0.2366%	12.8264%
		# Loans		1922	92101	4465	2268	~~177~~256
		% # Loans		0.2124%	1.0011%	0.4871%	0.2475%	12.9281%
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 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			11,~~586~~755,~~093~~763.8716	47,~~979~~660,~~317~~295.5452	12,~~516~~776,~~790~~363.1361	1822,~~082~~192,~~201~~422.5429
		% Balance			0.9396%	0.4063%	0.1223%	1.4682%
		# Loans			6778	3646	1315	~~116~~139
		% # Loans			01.8804%	0.4761%	0.1720%	1.5386%
FORECLOSURE		Balance		-	-	-	-4,231,314.88	-4,231,314.88
		% Balance		0.00%	0.00%	0.00%	0.0035%	0.0035%
		# Loans		-	-	-	-35	-35
		% # Loans		0.00%	0.00%	0.00%	0.0047%	0.0047%
BANKRUPTCY		Balance		23,~~815~~616,~~141~~324.3503	~~592~~262,~~727~~472.2346	~~242~~567,~~497~~572.2961	-460,096.84	34,~~650~~906,~~365~~465.8794
		% Balance		0.2330%	0.0502%	0.0205%	0.0004%	0.2940%
		# Loans		1620	42	25	-3	2230
		% # Loans		0.2127%	0.0503%	0.0307%	0.0004%	0.2940%
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		23,~~815~~616,~~141~~324.3503	12,~~178~~018,~~821~~235.1062	58,~~221~~227,~~814~~868.8313	17,~~516~~467,~~790~~775.1333	2131,~~732~~330,~~567~~203.4111
		% Balance		0.2330%	0.9899%	0.4267%	0.1261%	12.7557%
		# Loans		1620	7180	3851	1353	~~138~~204
		% # Loans		0.2127%	01.9407%	0.5068%	0.1771%	12.8273%
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 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			34,~~858~~794,~~107~~528.5170	12,~~107~~471,~~643~~504.5833	1,~~646~~568,~~060~~184.0950	68,~~611~~834,~~811~~217.1853
		% Balance			01.9520%	0.2762%	0.4039%	12.6221%
		# Loans			20	613	6	3239
		% # Loans			1.2224%	0.3680%	0.3637%	12.9541%
FORECLOSURE		Balance		-	-	-	~~338~~1,~~419~~175,185.0999	~~338~~1,~~419~~175,185.0999
		% Balance		0.00%	0.00%	0.00%	0.0829%	0.0829%
		# Loans		-	-	-	16	16
		% # Loans		0.00%	0.00%	0.00%	0.0637%	0.0637%
BANKRUPTCY		Balance		~~922~~569,~~020~~724.5860	~~101~~351,~~012~~535.4350	-100,963.74	~~326~~406,~~504~~770.5086	1,~~349~~428,~~537~~994.5170
		% Balance		0.2314%	0.0209%	0.0003%	0.0810%	0.3336%
		# Loans		32	1	-1	23	67
		% # Loans		0.1812%	0.06%	0.0006%	0.1219%	0.3643%
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		~~922~~569,~~020~~724.5860	35,~~959~~146,~~119~~064.9420	12,~~107~~572,~~643~~468.5807	23,~~310~~150,~~983~~141.6835	811,~~299~~438,~~767~~398.7822
		% Balance		0.2314%	01.9729%	0.2764%	0.5779%	2.0486%
		# Loans		32	21	614	915	3952
		% # Loans		0.1812%	1.2830%	0.3686%	0.5593%	23.3721%
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 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 14 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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 = 1				Loan Group 1 = Group 1 Group
Total Loan Count = 40				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 340,000.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 5,087,240.00				Loan Group 2 = Group 2 Group
Total Current Balance = 338,419.09
Total Current Balance = 5,068,313.80
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
43148915 2		340,000.00	338,419.09	Apr-01-03	8.150%	CO - 85.00%	360	Feb-28-03
39478847 1		148,500.00	147,554.38	May-01-03	8.900%	MN - 90.00%	360	Nov-27-02
42488064 1		216,000.00	214,911.88	Jun-01-03	7.750%	NY - 90.00%	360	Mar-07-03
42888958 1		65,800.00	65,542.04	Jun-01-03	9.700%	MI - 70.00%	360	Feb-21-03
43765643 1		72,000.00	71,722.60	Apr-01-03	9.800%	OH - 80.00%	360	Apr-03-03
43843820 1		77,000.00	76,684.71	May-01-03	9.450%	UT - 70.00%	360	Feb-26-03
43954163 1		117,600.00	117,180.99	Jun-01-03	9.450%	TX - 80.00%	360	Apr-01-03
44225191 1		60,000.00	59,762.77	May-01-03	8.950%	MI - 80.00%	360	Mar-19-03
44289684 1		76,500.00	76,193.03	Jun-01-03	8.100%	OH - 85.00%	360	Apr-14-03
44349363 1		153,000.00	152,244.46	Jun-01-03	7.850%	NY - 63.75%	360	Mar-27-03
44416113 1		67,500.00	67,305.09	May-01-03	9.700%	MO - 90.00%	360	Apr-10-03
44773679 1		63,000.00	62,843.09	May-01-03	10.400%	PA - 90.00%	360	Apr-18-03
44811826 1		94,000.00	93,641.44	Jun-01-03	8.350%	MN - 88.68%	360	Apr-07-03
45388907 1		167,200.00	166,674.62	Jun-01-03	10.050%	OR - 80.00%	360	Mar-31-03
45486966 1		100,000.00	99,423.21	Jun-01-03	6.250%	SC - 89.29%	360	Apr-23-03
45558780 1		103,200.00	102,818.17	May-01-03	8.500%	AL - 80.00%	360	Apr-14-03
45599990 1		181,000.00	180,370.16	Jun-01-03	8.800%	FL - 78.70%	360	Apr-15-03
45659208 1		102,000.00	101,586.63	Jun-01-03	8.050%	CO - 85.00%	360	Apr-10-03
45797990 1		63,375.00	62,826.68	Jun-01-03	9.450%	SC - 75.00%	240	Apr-28-03
45858016 1		299,700.00	298,972.81	Jun-01-03	9.640%	IL - 90.00%	360	May-07-03
45859055 1		77,900.00	77,605.81	Jun-01-03	8.400%	IN - 95.00%	360	Apr-18-03
45902327 1		100,000.00	99,672.87	Jun-01-03	9.100%	IL - 80.00%	360	Apr-11-03
46025102 1		72,165.00	71,841.76	Jun-01-03	7.550%	AZ - 85.00%	360	Apr-21-03
46124509 1		221,350.00	220,434.74	Jun-01-03	7.950%	NV - 95.00%	360	Apr-21-03
46230496 1		117,000.00	116,633.09	Jun-01-03	8.400%	IA - 90.00%	360	May-05-03
46248258 1		105,000.00	104,683.89	May-01-03	9.500%	CA - 75.00%	360	Apr-30-03
46394961 1		104,400.00	104,050.62	May-01-03	8.990%	UT - 90.00%	360	Apr-30-03
46647665 1		80,750.00	80,441.96	Jun-01-03	8.350%	FL - 85.00%	360	Apr-22-03
46690913 1		243,100.00	242,383.32	Jun-01-03	9.600%	CA - 85.00%	360	Apr-29-03
46691945 1		97,200.00	96,894.92	Jun-01-03	9.300%	RI - 90.00%	360	Apr-25-03
46759015 1		111,150.00	110,708.48	Jun-01-03	8.150%	FL - 95.00%	360	Apr-30-03
47042155 1		121,250.00	120,829.34	Jun-01-03	7.900%	CO - 74.85%	360	May-13-03
47100698 1		152,000.00	151,228.52	Jun-01-03	5.950%	CA - 95.00%	360	May-12-03
47895974 1		157,250.00	156,790.97	Jun-01-03	8.750%	NM - 85.00%	360	May-23-03
47968607 1		81,600.00	81,338.85	Jun-01-03	8.300%	MO - 85.00%	360	May-30-03
48322895 1		178,200.00	177,516.98	Jun-01-03	7.400%	CO - 90.00%	360	May-28-03
42942862 2		91,200.00	90,933.94	Jun-01-03	9.650%	MI - 80.00%	360	Apr-15-03
44918654 2		139,200.00	138,729.22	May-01-03	9.700%	MN - 80.00%	360	Apr-01-03
45336773 2		346,500.00	345,330.84	Jun-01-03	8.950%	MO - 90.00%	360	Apr-23-03
45728649 2		113,400.00	113,131.79	Jun-01-03	10.650%	OH - 90.00%	360	Apr-18-03
47331780 2		149,250.00	148,873.13	Jun-01-03	9.450%	CA - 75.00%	360	May-20-03
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					2025	95111	~~115~~136
	Number of Repurchased Loans					1-	2-	3-
	Total Number of Loans Prepaid in Full					2125	97111	~~118~~136
	Paid in Full Balance					57,~~265~~292,~~486~~715.9990	1720,~~769~~002,~~771~~930.3940	2327,~~035~~295,~~258~~646.3830
	Repurchased Loans Balance					~~327,654.72~~-	~~233,946.07~~-	~~561,600.79~~-
	Curtailments Amount					2122,~~249~~203.3277	5242,~~022~~466.1949	7364,~~271~~670.5126
	Total Prepayment Amount					57,~~614~~314,~~391~~919.0367	1820,~~055~~045,~~739~~396.6589	2327,~~670~~360,~~130~~316.6856
	Cumulative
	Number of Paid in Full Loans					4368	~~179~~290	~~222~~358
	Number of Repurchased Loans					2	12	14
	Total Number of Loans Prepaid in Full					4570	~~191~~302	~~236~~372
	Paid in Full Balance					1119,~~901~~194,~~987~~703.5848	3252,~~358~~361,~~952~~883.8424	4471,~~260~~556,~~940~~586.4272
	Repurchased Loans Balance					530,154.72	1,701,309.84	2,231,464.56
	Curtailments Amount					~~130~~152,~~625~~829.7249	~~461~~504,~~909~~375.0150	~~592~~657,~~534~~204.7399
	Total Prepayment Amount					1219,~~562~~877,~~768~~687.0269	3454,~~522~~567,~~171~~568.6958	4774,~~084~~445,~~939~~256.7127
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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						GROUP 2	GROUP 1	TOTAL
	SMM					1.3680%	1.4462%	1.4266%
	3 Months Avg SMM					01.8525%	01.8324%	01.8324%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.7696%	0.6887%	0.7089%
	CPR					1519.1455%	1517.9277%	1518.7322%
	3 Months Avg CPR					913.6998%	913.4991%	913.5492%
	12 Months Avg CPR
	Avg CPR Since Cut-off					810.7098%	79.9097%	8.10.22%
	PSA					~~1560~~1670.2073%	~~1609~~1495.5608%	~~1597~~1538.6028%
	3 Months Avg PSA Approximation					~~1255~~1440.3947%	~~1201~~1405.6425%	~~1214~~1413.7083%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1294~~1422.3591%	~~1144~~1261.6759%	~~1181~~1300.0893%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 18 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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 = 118						Loan Group 1 = Group 1 Group
Total Loan Count = 136						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 23,677,204.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 27,476,350.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 23,596,859.17
Total Prepayment Amount = 27,295,646.30
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
40392946 1			168,000.00	167,057.59	Oct-02-03	8.500%	NJ - 70.00%	Paid Off - 360	Nov-22-02
40996258 1			217,500.00	216,455.62	Oct-13-03	7.990%	CA - 75.00%	Paid Off - 360	Feb-19-03
41289596 1			293,250.00	291,409.29	Oct-10-03	7.400%	MI - 85.00%	Paid Off - 360	Dec-26-02
42298497 1			120,000.00	119,525.82	Nov-03-03	8.950%	CA - 80.00%	Paid Off - 360	Feb-14-03
42288829 1			213,500.00	212,612.09	Oct-02-03	8.700%	MA - 70.00%	Paid Off - 360	Jan-14-03
43187467 1			112,500.00	111,861.98	Oct-20-03	7.150%	CA - 90.00%	Paid Off - 360	Feb-25-03
42665331 1			228,579.00	227,534.83	Sep-16-03	7.450%	NY - 80.00%	Paid Off - 360	Feb-25-03
43414382 1			159,000.00	158,684.25	Oct-30-03	11.450%	NY - 57.82%	Paid Off - 360	Mar-10-03
42789917 1			172,500.00	171,991.45	Oct-02-03	9.600%	CA - 75.00%	Paid Off - 360	Feb-28-03
43427145 1			144,500.00	143,800.57	Oct-20-03	7.950%	CA - 83.05%	Paid Off - 360	Feb-24-03
42931386 1			120,000.00	119,075.09	Sep-22-03	8.100%	IL - 80.00%	Paid Off - 360	Jan-31-03
43435445 1			150,000.00	149,244.30	Oct-31-03	7.750%	CA - 40.54%	Paid Off - 360	Mar-05-03
43151281 1			247,500.00	246,698.68	Oct-10-03	9.150%	NY - 75.00%	Paid Off - 360	Feb-19-03
43498161 1			156,750.00	156,041.01	Oct-21-03	7.500%	CA - 95.00%	Paid Off - 360	Mar-17-03
43193655 1			289,750.00	288,457.85	Sep-12-03	8.100%	CA - 95.00%	Paid Off - 360	Feb-19-03
43541531 1			151,200.00	150,666.82	Oct-23-03	9.500%	NJ - 90.00%	Paid Off - 360	Feb-27-03
43382126 1			126,330.00	125,817.97	Sep-11-03	8.050%	MA - 78.96%	Paid Off - 360	Feb-24-03
43552033 1			275,900.00	275,069.50	Oct-27-03	8.600%	IL - 94.97%	Paid Off - 360	Apr-04-03
43721810 1			125,600.00	124,935.57	Sep-29-03	6.700%	NJ - 82.63%	Paid Off - 360	Feb-28-03
43655521 1			259,250.00	258,115.52	Oct-17-03	8.450%	IL - 85.00%	Paid Off - 360	Feb-26-03
44022697 1			266,000.00	265,438.79	Sep-24-03	7.800%	IL - 95.00%	Paid Off - 360	May-13-03
43679083 1			243,200.00	242,511.67	Nov-03-03	8.900%	CA - 80.00%	Paid Off - 360	Apr-25-03
44024149 1			172,710.00	172,299.79	Oct-06-03	8.650%	CA - 90.00%	Paid Off - 360	Apr-02-03
43732619 1			285,000.00	283,201.79	Oct-30-03	6.600%	CA - 95.00%	Paid Off - 360	Feb-28-03
44049013 1			242,250.00	241,415.64	Sep-25-03	8.850%	CA - 85.00%	Paid Off - 360	Feb-27-03
43931021 1			270,000.00	268,954.87	Oct-27-03	9.050%	MA - 64.44%	Paid Off - 360	Feb-28-03
44099356 1			268,000.00	266,677.94	Oct-02-03	6.100%	CA - 69.61%	Paid Off - 360	Apr-04-03
43988393 1			100,000.00	99,711.06	Oct-16-03	8.800%	NY - 28.57%	Paid Off - 360	Apr-25-03
44390342 1			183,350.00	182,720.28	Oct-10-03	7.950%	CA - 95.00%	Paid Off - 360	Mar-14-03
44022069 1			308,000.00	306,592.65	Oct-28-03	6.500%	ME - 53.57%	Paid Off - 360	Apr-04-03
44633600 1			154,800.00	154,348.11	Sep-30-03	8.750%	CA - 90.00%	Paid Off - 360	Mar-17-03
44108934 1			143,450.00	142,781.58	Nov-10-03	7.350%	MN - 95.00%	Paid Off - 360	Mar-03-03
44664423 1			106,650.00	106,322.81	Sep-24-03	9.400%	DE - 90.00%	Paid Off - 360	Apr-09-03
44229672 1			218,000.00	217,372.28	Oct-21-03	7.700%	IL - 94.78%	Paid Off - 360	May-06-03
44673069 1			156,000.00	155,593.86	Sep-12-03	8.200%	IL - 75.00%	Paid Off - 360	Apr-11-03
44234417 1			108,000.00	107,535.17	Oct-20-03	7.750%	CA - 80.00%	Paid Off - 360	Mar-12-03
44725083 1			272,700.00	271,862.18	Oct-02-03	8.500%	CA - 90.00%	Paid Off - 360	Mar-28-03
44266021 1			254,410.00	253,699.17	Oct-28-03	7.850%	NY - 95.00%	Paid Off - 360	May-02-03
44740439 1			98,000.00	97,388.55	Oct-10-03	7.050%	FL - 70.00%	Paid Off - 360	Apr-15-03
44553238 1			84,000.00	83,736.59	Nov-03-03	8.400%	MI - 52.50%	Paid Off - 360	Apr-21-03
44744167 1			112,000.00	111,579.12	Sep-24-03	7.500%	LA - 80.00%	Paid Off - 360	Mar-24-03
44679975 1			154,854.00	153,187.31	Oct-29-03	7.900%	IL - 89.77%	Paid Off - 360	Mar-21-03
44747228 1			88,900.00	88,761.51	Sep-30-03	9.300%	MN - 70.00%	Paid Off - 360	May-07-03
44754224 1			154,400.00	153,993.52	Oct-31-03	9.250%	MN - 80.00%	Paid Off - 360	Apr-03-03
44794907 1			180,000.00	179,260.87	Oct-01-03	7.050%	CA - 75.00%	Paid Off - 360	Mar-19-03
44760858 1			168,000.00	167,568.11	Oct-16-03	10.250%	CA - 71.49%	Paid Off - 360	Mar-31-03
44796530 1			128,000.00	127,560.00	Oct-01-03	7.950%	MA - 80.00%	Paid Off - 360	Apr-03-03
44793990 1			190,000.00	189,364.17	Nov-06-03	8.990%	MA - 63.12%	Paid Off - 360	Mar-19-03
44881902 1			240,000.00	239,182.34	Sep-29-03	7.990%	CA - 80.00%	Paid Off - 360	Apr-04-03
44810174 1			134,910.00	134,547.41	Oct-30-03	9.150%	WA - 90.00%	Paid Off - 360	Apr-09-03
44890549 1			97,500.00	97,240.98	Oct-09-03	8.100%	KY - 75.00%	Paid Off - 360	Apr-29-03
44811610 1			145,600.00	145,087.70	Nov-03-03	8.400%	ME - 70.00%	Paid Off - 360	Apr-14-03
44899458 1			162,000.00	161,559.94	Oct-08-03	7.990%	FL - 90.00%	Paid Off - 360	Apr-28-03
44867851 1			243,000.00	242,198.41	Nov-07-03	8.150%	NY - 90.00%	Paid Off - 360	Apr-10-03
44999365 1			132,000.00	131,774.83	Oct-09-03	8.850%	MI - 80.00%	Paid Off - 360	May-06-03
44867992 1			198,000.00	197,104.41	Nov-03-03	7.500%	MN - 90.00%	Paid Off - 360	Mar-28-03
45060548 1			155,700.00	155,132.14	Sep-15-03	7.650%	NV - 90.00%	Paid Off - 360	Mar-31-03
44917680 1			189,000.00	188,419.33	Oct-21-03	8.500%	NJ - 89.15%	Paid Off - 360	Apr-04-03
45068715 1			107,200.00	106,964.55	Sep-19-03	7.600%	CA - 80.00%	Paid Off - 360	May-07-03
44929487 1			163,875.00	163,339.84	Nov-04-03	8.200%	NH - 95.00%	Paid Off - 360	Apr-14-03
45085339 1			218,000.00	217,200.90	Sep-30-03	8.300%	IL - 66.06%	Paid Off - 360	Mar-31-03
44930949 1			147,900.00	147,269.45	Oct-29-03	7.800%	CA - 85.00%	Paid Off - 360	Mar-19-03
45137445 1			169,600.00	169,217.73	Oct-06-03	9.990%	CA - 80.00%	Paid Off - 360	Apr-02-03
44943025 1			186,150.00	185,535.96	Nov-03-03	8.150%	NV - 85.00%	Paid Off - 360	Apr-15-03
45207297 1			219,450.00	218,849.05	Oct-09-03	7.950%	MN - 95.00%	Paid Off - 360	Apr-11-03
44974004 1			75,000.00	74,789.87	Oct-28-03	8.950%	IL - 64.66%	Paid Off - 360	Apr-10-03
45281441 1			285,600.00	284,256.81	Sep-17-03	6.350%	CA - 80.00%	Paid Off - 360	Mar-31-03
44977510 1			166,000.00	165,429.89	Nov-05-03	7.950%	MA - 62.64%	Paid Off - 360	Apr-04-03
45315843 1			64,500.00	64,268.78	Sep-12-03	6.600%	AZ - 75.88%	Paid Off - 360	Apr-16-03
45030871 1			315,000.00	313,773.89	Oct-30-03	8.250%	NY - 60.00%	Paid Off - 360	Apr-01-03
45407095 1			76,500.00	76,304.81	Sep-11-03	8.300%	NJ - 90.00%	Paid Off - 360	Apr-09-03
45068467 1			112,500.00	112,164.79	Nov-07-03	8.650%	FL - 90.00%	Paid Off - 360	Apr-15-03
45409729 1			119,000.00	118,582.63	Oct-08-03	6.700%	RI - 88.15%	Paid Off - 360	Apr-02-03
45142403 1			210,000.00	208,889.55	Nov-03-03	7.400%	NY - 62.69%	Paid Off - 360	Apr-08-03
45428455 1			124,450.00	124,077.05	Sep-15-03	7.500%	IL - 95.00%	Paid Off - 360	Apr-25-03
45143781 1			279,920.00	278,377.98	Nov-03-03	6.490%	CA - 80.00%	Paid Off - 360	Apr-09-03
45438462 1			180,000.00	179,307.55	Sep-25-03	7.150%	CA - 90.00%	Paid Off - 360	Apr-22-03
45176245 1			139,500.00	139,147.76	Nov-03-03	9.450%	MN - 90.00%	Paid Off - 360	Apr-16-03
45493806 1			161,000.00	160,779.47	Sep-29-03	11.250%	CA - 53.67%	Paid Off - 360	Apr-18-03
45210705 1			155,200.00	154,291.64	Oct-17-03	7.500%	CA - 80.00%	Paid Off - 360	Mar-26-03
45661113 1			255,000.00	254,258.37	Sep-26-03	7.650%	CA - 79.69%	Paid Off - 360	Apr-21-03
45213410 1			140,000.00	139,385.29	Oct-22-03	7.650%	CA - 80.00%	Paid Off - 360	Mar-31-03
45689650 1			165,500.00	164,913.90	Oct-10-03	6.650%	MN - 89.95%	Paid Off - 360	Apr-28-03
45216173 1			106,875.00	106,578.64	Nov-04-03	9.000%	MN - 75.00%	Paid Off - 360	Apr-02-03
45691144 1			153,750.00	153,349.70	Oct-01-03	8.200%	FL - 75.00%	Paid Off - 360	Apr-22-03
45237203 1			304,200.00	303,274.90	Oct-31-03	8.550%	NY - 90.00%	Paid Off - 360	Apr-23-03
45707585 1			276,250.00	275,231.44	Sep-12-03	6.500%	CA - 85.00%	Paid Off - 360	Apr-30-03
45254430 1			167,400.00	166,864.28	Oct-22-03	8.300%	MN - 90.00%	Paid Off - 360	Apr-08-03
					Page 19 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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
45783826 1			210,000.00	209,304.03	Sep-25-03	6.990%	MI - 75.00%	Paid Off - 360	Apr-18-03
45314085 1			200,000.00	199,244.80	Oct-20-03	8.400%	MI - 80.00%	Paid Off - 360	Mar-31-03
45796513 1			131,250.00	130,950.82	Oct-02-03	8.850%	CA - 75.00%	Paid Off - 360	Apr-23-03
45348141 1			158,950.00	158,451.57	Nov-04-03	8.400%	MN - 85.00%	Paid Off - 360	Apr-25-03
45807286 1			232,500.00	231,753.29	Sep-24-03	7.150%	CA - 75.00%	Paid Off - 360	Apr-24-03
45365954 1			279,000.00	278,302.60	Oct-15-03	8.400%	CA - 87.19%	Paid Off - 360	May-12-03
45812054 1			180,000.00	179,374.83	Sep-19-03	6.750%	CA - 52.94%	Paid Off - 360	Apr-09-03
45373735 1			160,000.00	159,289.77	Oct-29-03	6.650%	FL - 80.00%	Paid Off - 360	Apr-02-03
45882248 1			125,000.00	124,594.59	Oct-02-03	7.100%	FL - 62.50%	Paid Off - 360	Apr-08-03
45390937 1			100,000.00	99,652.31	Nov-07-03	7.900%	MA - 38.46%	Paid Off - 360	Apr-28-03
45893724 1			220,500.00	219,812.50	Sep-11-03	7.300%	IL - 90.00%	Paid Off - 360	Apr-30-03
45400363 1			153,000.00	152,430.77	Nov-03-03	7.550%	NV - 85.00%	Paid Off - 360	Apr-11-03
45895737 1			277,200.00	275,954.11	Oct-08-03	6.850%	CA - 90.00%	Paid Off - 360	Apr-14-03
45409794 1			127,920.00	127,368.44	Oct-15-03	6.800%	WA - 80.00%	Paid Off - 360	Apr-10-03
45970746 1			200,000.00	199,412.53	Oct-02-03	7.600%	MD - 88.50%	Paid Off - 360	Apr-22-03
45415056 1			235,000.00	234,114.09	Oct-21-03	7.500%	NY - 72.98%	Paid Off - 360	Apr-16-03
46002408 1			105,600.00	105,257.49	Oct-10-03	7.100%	FL - 80.00%	Paid Off - 360	Apr-14-03
45424199 1			238,000.00	237,197.54	Oct-23-03	8.100%	CA - 70.00%	Paid Off - 360	Apr-22-03
46040655 1			124,000.00	123,588.99	Oct-01-03	6.990%	CA - 80.00%	Paid Off - 360	Apr-30-03
45437548 1			241,200.00	240,458.97	Oct-17-03	8.500%	CA - 90.00%	Paid Off - 360	Apr-16-03
46068540 1			258,400.00	257,815.26	Sep-23-03	7.450%	IL - 95.00%	Paid Off - 360	May-14-03
45454923 1			174,000.00	172,108.66	Oct-27-03	6.150%	CA - 53.54%	Paid Off - 360	Apr-17-03
46099008 1			89,970.00	89,849.41	Oct-07-03	11.350%	CA - 60.00%	Paid Off - 360	Apr-16-03
45488905 1			269,100.00	267,754.40	Oct-20-03	6.990%	CA - 90.00%	Paid Off - 360	Mar-31-03
46126850 1			162,900.00	162,449.39	Sep-12-03	7.900%	AZ - 90.00%	Paid Off - 360	Apr-22-03
45584703 1			140,000.00	139,551.22	Oct-15-03	8.300%	CA - 57.85%	Paid Off - 360	Apr-22-03
46181640 1			162,000.00	161,644.20	Sep-30-03	7.600%	ME - 75.00%	Paid Off - 360	May-05-03
45585684 1			382,500.00	381,680.69	Oct-16-03	9.150%	NY - 90.00%	Paid Off - 360	May-05-03
46239521 1			255,000.00	254,322.54	Oct-09-03	8.100%	NY - 69.86%	Paid Off - 360	Apr-28-03
45595824 1			206,625.00	205,662.48	Oct-30-03	6.400%	IL - 95.00%	Paid Off - 360	Apr-08-03
46252300 1			224,000.00	223,355.99	Sep-26-03	7.900%	CA - 80.00%	Paid Off - 360	Apr-23-03
45612165 1			176,000.00	175,496.68	Nov-03-03	8.850%	CA - 76.52%	Paid Off - 360	Apr-30-03
46275905 1			236,700.00	236,108.34	Oct-01-03	8.400%	CA - 90.00%	Paid Off - 360	Apr-24-03
45644408 1			172,800.00	172,124.48	Nov-10-03	7.300%	MN - 90.00%	Paid Off - 360	Apr-30-03
46289534 1			302,400.00	301,286.86	Sep-26-03	6.450%	CA - 90.00%	Paid Off - 360	Apr-30-03
45720984 1			180,000.00	179,336.96	Oct-21-03	7.600%	CA - 90.00%	Paid Off - 360	Apr-21-03
46297255 1			171,000.00	170,010.30	Oct-09-03	7.600%	NY - 95.00%	Paid Off - 360	May-14-03
45782885 1			241,200.00	240,517.34	Nov-04-03	8.900%	FL - 90.00%	Paid Off - 360	Apr-18-03
46303400 1			310,250.00	308,857.83	Sep-24-03	6.990%	CA - 85.00%	Paid Off - 360	Apr-29-03
45794450 1			147,000.00	146,418.97	Nov-03-03	7.250%	MA - 69.67%	Paid Off - 360	Apr-30-03
46377743 1			215,000.00	212,094.30	Sep-24-03	6.950%	MA - 68.25%	Paid Off - 360	Apr-23-03
45850401 1			300,000.00	299,115.27	Oct-13-03	8.700%	MA - 56.08%	Paid Off - 360	Apr-28-03
46426235 1			159,000.00	158,720.69	Sep-30-03	8.700%	IL - 93.53%	Paid Off - 360	May-13-03
45889987 1			100,000.00	99,656.53	Oct-31-03	7.950%	AZ - 80.00%	Paid Off - 360	Apr-21-03
46449633 1			168,750.00	168,153.64	Oct-06-03	7.600%	CA - 66.70%	Paid Off - 360	Apr-28-03
45921830 1			220,000.00	219,173.33	Oct-20-03	7.500%	IL - 80.00%	Paid Off - 360	Apr-29-03
46468690 1			308,750.00	307,656.64	Oct-02-03	6.650%	MD - 95.00%	Paid Off - 360	Apr-18-03
45971975 1			176,130.00	175,468.19	Nov-03-03	7.500%	CA - 95.00%	Paid Off - 360	Apr-16-03
46495669 1			202,000.00	201,284.67	Oct-08-03	6.650%	FL - 82.45%	Paid Off - 360	Apr-28-03
46014866 1			176,250.00	175,781.17	Oct-29-03	9.200%	CO - 75.00%	Paid Off - 360	Apr-28-03
46515110 1			321,750.00	320,766.49	Oct-01-03	7.400%	CA - 90.00%	Paid Off - 360	Apr-28-03
46057444 1			187,000.00	186,476.13	Oct-15-03	8.950%	CA - 85.00%	Paid Off - 360	Apr-22-03
46521522 1			168,150.00	167,770.66	Oct-01-03	8.900%	UT - 95.00%	Paid Off - 360	Apr-22-03
46096954 1			95,000.00	94,704.35	Oct-30-03	8.450%	MD - 95.00%	Paid Off - 360	Apr-18-03
46530259 1			182,000.00	181,554.23	Oct-06-03	7.050%	CA - 65.00%	Paid Off - 360	May-12-03
46142311 1			70,000.00	69,803.91	Oct-15-03	8.950%	MO - 80.00%	Paid Off - 360	Apr-14-03
46552907 1			202,500.00	202,008.60	Oct-02-03	7.650%	MD - 94.19%	Paid Off - 360	May-08-03
46171971 1			147,000.00	146,481.27	Oct-27-03	7.850%	CA - 71.71%	Paid Off - 360	Apr-28-03
46569422 1			104,975.00	104,651.12	Sep-29-03	8.000%	NJ - 95.00%	Paid Off - 360	Apr-22-03
46175675 1			85,500.00	85,141.97	Nov-04-03	6.950%	MA - 29.08%	Paid Off - 360	Apr-28-03
46578613 1			80,000.00	79,793.81	Oct-01-03	8.250%	AZ - 80.00%	Paid Off - 360	May-02-03
46176111 1			175,000.00	171,925.86	Nov-04-03	6.500%	CA - 55.56%	Paid Off - 360	Apr-16-03
46611299 1			160,500.00	160,033.19	Oct-06-03	7.650%	CA - 75.00%	Paid Off - 360	Apr-24-03
46194734 1			247,950.00	244,498.94	Nov-07-03	8.500%	MA - 95.00%	Paid Off - 360	May-16-03
46671962 1			74,800.00	74,578.06	Oct-09-03	7.550%	TX - 85.00%	Paid Off - 360	Apr-29-03
46228623 1			129,675.00	129,193.89	Oct-17-03	8.950%	IL - 95.00%	Paid Off - 360	May-09-03
46718482 1			296,000.00	294,951.78	Sep-15-03	6.650%	NY - 80.00%	Paid Off - 360	Apr-30-03
46270658 1			75,000.00	74,726.46	Oct-29-03	7.650%	MI - 71.43%	Paid Off - 360	Apr-29-03
46781464 1			164,000.00	163,503.63	Sep-22-03	7.450%	CA - 78.10%	Paid Off - 360	May-05-03
46419040 1			269,454.00	268,441.51	Oct-21-03	7.500%	CA - 79.99%	Paid Off - 360	Apr-23-03
46849907 1			233,000.00	232,476.94	Oct-08-03	7.490%	CA - 89.96%	Paid Off - 360	May-19-03
46422168 1			171,000.00	170,304.65	Oct-28-03	7.100%	IL - 95.00%	Paid Off - 360	Apr-30-03
46893145 1			164,300.00	163,244.95	Oct-10-03	6.800%	CA - 62.00%	Paid Off - 360	May-08-03
46424057 1			358,200.00	356,879.72	Oct-16-03	7.600%	MA - 90.00%	Paid Off - 360	Apr-30-03
46907903 1			287,850.00	286,850.27	Oct-03-03	6.750%	CA - 95.00%	Paid Off - 360	Apr-30-03
46437869 1			172,250.00	171,684.51	Oct-20-03	8.200%	CA - 65.00%	Paid Off - 360	Apr-24-03
46921151 1			195,000.00	194,590.92	Oct-02-03	9.250%	CA - 63.73%	Paid Off - 360	Apr-29-03
46451621 1			150,000.00	149,536.93	Oct-20-03	7.350%	IL - 61.22%	Paid Off - 360	May-09-03
46951562 1			307,800.00	307,144.04	Sep-16-03	7.750%	CA - 90.00%	Paid Off - 360	May-07-03
46507158 1			171,000.00	170,351.02	Oct-27-03	6.450%	CA - 90.00%	Paid Off - 360	May-08-03
47002225 1			292,000.00	291,043.62	Oct-10-03	7.050%	NY - 89.85%	Paid Off - 360	Apr-30-03
46510962 1			241,500.00	240,407.08	Oct-30-03	6.550%	MA - 68.41%	Paid Off - 360	Apr-30-03
47031984 1			195,000.00	194,289.10	Sep-11-03	6.500%	CA - 72.22%	Paid Off - 360	Apr-30-03
46528501 1			178,500.00	177,868.24	Nov-06-03	7.800%	NY - 85.00%	Paid Off - 360	Apr-24-03
47107602 1			106,600.00	106,328.45	Sep-12-03	6.850%	CA - 89.58%	Paid Off - 360	May-21-03
46554614 1			223,000.00	222,210.71	Nov-04-03	7.800%	CA - 68.62%	Paid Off - 360	Apr-24-03
47119011 1			256,000.00	255,372.89	Sep-19-03	7.180%	CA - 80.00%	Paid Off - 360	May-13-03
46617577 1			169,000.00	168,501.58	Oct-27-03	8.700%	MA - 68.70%	Paid Off - 360	Apr-28-03
47192844 1			323,950.00	323,457.94	Oct-06-03	9.400%	IL - 95.00%	Paid Off - 360	May-21-03
46631487 1			184,500.00	183,800.98	Nov-04-03	6.300%	MA - 90.00%	Paid Off - 360	May-12-03
47248273 1			101,000.00	100,688.06	Sep-30-03	5.850%	FL - 84.17%	Paid Off - 360	May-28-03
46650115 1			206,100.00	205,479.57	Oct-28-03	8.600%	IL - 90.00%	Paid Off - 360	Apr-30-03
47402854 1			165,000.00	164,697.99	Sep-19-03	8.500%	CA - 61.34%	Paid Off - 360	May-29-03
46680625 1			260,000.00	259,168.04	Oct-31-03	8.300%	NY - 80.00%	Paid Off - 360	Apr-28-03
47766423 1			166,500.00	166,198.34	Oct-07-03	8.550%	CT - 90.00%	Paid Off - 360	May-19-03
46714325 1			128,250.00	127,763.29	Oct-31-03	7.450%	WA - 95.00%	Paid Off - 360	Apr-30-03
48106157 1			79,830.00	79,702.23	Sep-30-03	9.150%	IL - 90.00%	Paid Off - 360	May-30-03
46731279 1			121,500.00	121,153.62	Nov-04-03	7.750%	FL - 89.34%	Paid Off - 360	May-12-03
48168918 1			240,000.00	239,508.72	Oct-02-03	7.950%	TN - 94.49%	Paid Off - 360	May-30-03
46773537 1			208,000.00	207,347.78	Oct-21-03	8.400%	IL - 69.33%	Paid Off - 360	Apr-30-03
48419204 1			152,000.00	151,679.29	Sep-16-03	7.800%	OR - 80.00%	Paid Off - 360	May-30-03
46807798 1			92,300.00	91,905.87	Nov-03-03	6.850%	UT - 65.00%	Paid Off - 360	Apr-30-03
41906348 2			496,000.00	493,560.54	Oct-02-03	8.550%	NJ - 80.00%	Paid Off - 360	Dec-31-02
46812038 1			89,100.00	88,862.99	Nov-04-03	9.200%	PA - 90.00%	Paid Off - 360	Apr-30-03
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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
43424795 2			200,000.00	196,287.08	Sep-17-03	7.400%	MA - 71.69%	Paid Off - 180	Feb-24-03
46832978 1			86,850.00	86,592.31	Oct-31-03	7.550%	FL - 90.00%	Paid Off - 360	May-07-03
44441749 2			422,500.00	421,099.79	Oct-03-03	6.990%	CA - 94.94%	Paid Off - 360	Apr-28-03
46850236 1			188,700.00	187,906.28	Oct-29-03	7.063%	CA - 85.00%	Paid Off - 360	Apr-30-03
44455186 2			332,500.00	331,651.75	Oct-01-03	8.800%	IL - 95.00%	Paid Off - 360	Apr-29-03
46971719 1			232,500.00	231,668.84	Oct-30-03	7.750%	NY - 75.00%	Paid Off - 360	May-12-03
45063963 2			108,000.00	107,698.21	Oct-03-03	7.850%	FL - 86.40%	Paid Off - 360	Apr-28-03
47099841 1			220,500.00	219,812.50	Nov-06-03	7.300%	CO - 90.00%	Paid Off - 360	May-07-03
45214608 2			126,900.00	126,589.47	Sep-29-03	9.600%	HI - 90.00%	Paid Off - 360	Mar-31-03
47110325 1			239,967.00	163,625.37	Oct-20-03	6.000%	MN - 90.00%	Paid Off - 360	May-06-03
45283637 2			200,000.00	199,493.61	Sep-16-03	8.400%	CA - 80.00%	Paid Off - 360	Apr-30-03
47200902 1			103,500.00	103,266.53	Oct-17-03	8.900%	MN - 90.00%	Paid Off - 360	May-06-03
45315314 2			144,500.00	144,243.79	Oct-01-03	10.050%	MD - 85.00%	Paid Off - 360	Apr-17-03
47295837 1			137,500.00	137,119.66	Oct-31-03	7.900%	CT - 86.48%	Paid Off - 360	May-12-03
45775236 2			181,000.00	180,628.13	Oct-02-03	9.350%	IL - 84.98%	Paid Off - 360	Apr-24-03
47428438 1			245,000.00	244,349.09	Oct-31-03	8.100%	CA - 72.06%	Paid Off - 360	May-15-03
45790623 2			369,750.00	368,652.98	Oct-02-03	7.550%	CA - 85.00%	Paid Off - 360	Apr-15-03
47506449 1			246,500.00	245,683.06	Oct-31-03	6.990%	CA - 85.00%	Paid Off - 360	May-19-03
45855830 2			487,500.00	485,918.91	Sep-25-03	7.100%	NJ - 65.00%	Paid Off - 360	Apr-24-03
47614383 1			72,000.00	71,827.23	Nov-10-03	8.600%	OH - 90.00%	Paid Off - 360	May-16-03
45977147 2			352,800.00	352,025.19	Oct-02-03	7.600%	NY - 90.00%	Paid Off - 360	May-02-03
47775804 1			154,000.00	153,670.13	Oct-29-03	9.150%	MI - 88.00%	Paid Off - 360	May-29-03
46055687 2			142,500.00	142,247.08	Oct-01-03	8.650%	IL - 95.00%	Paid Off - 360	May-20-03
47829189 1			69,825.00	69,648.68	Oct-29-03	8.350%	MO - 95.00%	Paid Off - 360	May-23-03
46108627 2			164,800.00	164,204.96	Oct-08-03	6.550%	CA - 80.00%	Paid Off - 360	Apr-30-03
47831946 1			228,000.00	227,330.23	Nov-05-03	7.600%	CA - 64.77%	Paid Off - 360	May-23-03
46127999 2			228,000.00	227,208.12	Sep-25-03	6.750%	CA - 82.91%	Paid Off - 360	Apr-24-03
47945688 1			212,000.00	211,204.48	Oct-21-03	6.350%	NY - 80.00%	Paid Off - 360	May-28-03
46564001 2			370,000.00	368,651.11	Sep-17-03	6.500%	IL - 72.55%	Paid Off - 360	Apr-28-03
48100572 1			152,460.00	152,101.59	Oct-24-03	8.700%	NV - 90.00%	Paid Off - 360	May-29-03
46722922 2			155,000.00	154,667.97	Sep-11-03	9.150%	MD - 82.45%	Paid Off - 360	Apr-30-03
43834993 2			323,000.00	320,922.50	Oct-23-03	6.500%	CA - 95.00%	Paid Off - 360	Feb-24-03
46905717 2			123,750.00	123,563.99	Sep-18-03	9.450%	MO - 75.00%	Paid Off - 360	May-23-03
43997675 2			500,000.00	497,946.93	Nov-04-03	7.050%	IL - 53.76%	Paid Off - 360	Apr-24-03
47368899 2			340,000.00	339,282.68	Oct-09-03	7.800%	CA - 70.83%	Paid Off - 360	May-29-03
44429447 2			500,000.00	498,083.68	Nov-04-03	7.400%	CA - 77.04%	Paid Off - 360	Apr-21-03
47504691 2			338,400.00	337,811.63	Oct-10-03	8.750%	CA - 80.00%	Paid Off - 360	May-28-03
44906931 2			182,750.00	182,222.41	Nov-03-03	9.700%	MA - 85.00%	Paid Off - 360	Apr-02-03
45154143 1			106,560.00	106,322.07	Oct-09-03	8.950%	AZ - 80.00%	Repur/Subs - 360	Apr-11-03
45045887 2			198,750.00	198,310.18	Nov-04-03	10.950%	MA - 75.00%	Paid Off - 360	Apr-02-03
45858982 1			128,000.00	127,624.00	Oct-07-03	7.600%	MN - 80.00%	Repur/Subs - 360	Apr-07-03
45066487 2			500,000.00	497,890.67	Oct-23-03	7.850%	CA - 69.93%	Paid Off - 360	Apr-07-03
46039939 2			328,700.00	327,654.72	Oct-08-03	7.200%	IL - 95.00%	Repur/Subs - 360	Apr-09-03
45200532 2			324,000.00	322,887.26	Nov-07-03	7.950%	NY - 80.00%	Paid Off - 360	Apr-15-03
45338241 2			230,000.00	229,522.49	Oct-21-03	9.300%	NJ - 57.50%	Paid Off - 360	May-07-03
45435468 2			333,000.00	331,736.29	Oct-17-03	7.450%	CA - 92.50%	Paid Off - 360	Apr-09-03
45538253 2			357,200.00	355,761.75	Oct-21-03	7.150%	MN - 95.00%	Paid Off - 360	Apr-11-03
45717659 2			120,000.00	119,562.39	Oct-16-03	9.000%	MO - 80.00%	Paid Off - 360	Apr-21-03
45763042 2			225,000.00	224,565.90	Oct-27-03	9.650%	IL - 90.00%	Paid Off - 360	May-07-03
45793494 2			159,200.00	158,826.46	Oct-14-03	9.800%	FL - 80.00%	Paid Off - 360	Apr-18-03
46103164 2			158,250.00	157,850.25	Oct-22-03	9.600%	UT - 75.00%	Paid Off - 360	Apr-17-03
46189916 2			382,500.00	381,132.61	Nov-04-03	7.750%	CA - 90.00%	Paid Off - 360	Apr-28-03
46297214 2			124,000.00	123,659.74	Oct-24-03	9.050%	IL - 85.52%	Paid Off - 360	Apr-30-03
46302113 2			380,000.00	378,543.56	Oct-31-03	7.400%	CA - 95.00%	Paid Off - 360	Apr-28-03
46359105 2			500,000.00	498,383.73	Oct-15-03	8.250%	IL - 63.37%	Paid Off - 360	Apr-30-03
46382008 2			435,000.00	433,050.33	Oct-22-03	6.600%	CA - 69.94%	Paid Off - 360	May-02-03
46788865 2			90,000.00	89,862.61	Nov-03-03	10.750%	RI - 61.22%	Paid Off - 360	May-05-03
47178850 2			335,000.00	333,653.39	Oct-21-03	5.990%	CA - 89.33%	Paid Off - 360	May-16-03
47300496 2			363,000.00	362,035.61	Oct-31-03	8.100%	CA - 88.97%	Paid Off - 360	May-28-03
47353362 2			120,000.00	119,726.47	Oct-29-03	8.850%	MO - 80.00%	Paid Off - 360	May-22-03
47506878 2			79,000.00	78,810.44	Nov-10-03	8.600%	MI - 60.77%	Paid Off - 360	May-29-03
47888201 2			399,000.00	397,768.25	Oct-31-03	7.350%	CA - 95.00%	Paid Off - 360	May-22-03
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage							0.0000%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 24 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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 Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 25 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	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						GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	1. Does (A) exceed (B)?							No
	(A) Delinquency Percentage (quotient of (x) over (y))							01.8962%
	(x) 60+ Day Delinq. Loans (incl. FCLs, REOs & BKs)							1426,~~588~~218,~~133~~309.8147
	(y) Stated Principal Balance of the Mortgage Loans							1,~~647~~618,~~623~~957,~~449~~566.7584
	(B) 16.50%							16.5000%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.0000%
	(x) Aggregate Realized Losses to date							0.00
	(y) Cut-off Date Principal Bal. of the Mortgage Loans							1,700,000,000.00
	(B) Applicable Percentage							100.0000%
	Credit Enhancement Percentage							1516.~~9927~~2759%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
				Page 26 of 27				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2003-AR3
	Mortgage Pass-Through Certificates
	Other Related Information for October 27, 2003 Distribution
	Other Related Information for November 25, 2003 Distribution
	Other Related Information
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Amt: Class A-1							0.00
	Net WAC Rate Carryover Amt: Class A-2							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 M-5							0.00
	Net WAC Rate Carryover Amt: Class M-6							0.00
	Net WAC Rate Carryover Amt: Class A-1 Unpaid							0.00
	Net WAC Rate Carryover Amt: Class A-2 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
	Net WAC Rate Carryover Amt: Class M-5 Unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-6 Unpaid							0.00
				Page 27 of 27				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · AMERIQUEST MORT SEC INC ASSET BACKED PASS THR CERT 03 AR3