UNITED STATES 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): ~~September~~December 27, 2004 (Date of earliest event reported) Ameriquest Mortgage Securities Inc (as Depositor under the Pooling and Servicing Agreement, dated as February 1, 2004, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2004-R1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-105982-08 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 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 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 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004. Signatures 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, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of Ameriquest Mortgage Securities Inc.,Registrant Date: ~~Sep~~Dec 27, 2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004.

	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	September 27, 2004 Distribution
	December 27, 2004 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				25
			12.	Realized Loss Detail Report				28
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				29
			14.	Other Related Information				30
				Total Number of Pages				30
			CONTACTS
				Administrator: Ronaldo Reyes
				Administrator: Tim Avakian
				Direct Phone Number: (714)247-6320
				Direct Phone Number: (714)247-6279
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Ameriquest Mtg Sec Inc					Cut-Off Date: February 1, 2004
	Certificate Insurer(s):							Closing Date: February 6, 2004
								First Payment Date: March 25, 2004
	Servicer(s):		Ameriquest Mtg Sec Inc Master Servicer
								Distribution Date: September 27, 2004
								Distribution Date: December 27, 2004
	Underwriter(s):		Citigroup Lead Underwriter					Record Date: ~~September~~December 24, 2004
			Citigroup Lead Underwriter					~~August~~November 3130, 2004
			CS First Boston Underwriter
			Banc of America Securities LLC Underwriter
			Greenwich Capital Markets, Inc. Underwriter
			Merrill Lynch & Co. Underwriter
						Page 1 of 30					© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 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-1A	FLT	782,599,000.00			~~651~~539,~~552~~877,~~306~~330.7314	1,~~155~~162,~~690~~528.9080	3641,~~048~~789,~~551~~293.4647	3742,~~204~~951,~~242~~822.3627	-	-	~~615~~498,~~503~~088,~~755~~036.2767
A-1B	FLT	86,957,000.00			7259,~~395~~987,~~995~~443.8212	133,~~721~~304.4465	4,~~005~~643,~~466~~337.2689	4,~~139~~776,~~187~~642.7054	-	-	6855,~~390~~344,~~529~~105.5622
A-2	MEZ, FLT	251,694,000.00			~~188~~148,~~572~~018,~~994~~579.2799	~~331~~316,~~024~~182.1820	1511,~~710~~877,~~855~~490.2238	1612,~~041~~193,~~879~~672.4058	-	-	~~172~~136,~~862~~141,~~139~~089.0461
M-1	MEZ, FLT	35,750,000.00			35,750,000.00	7083,~~293~~445.4499	-	7083,~~293~~445.4499	-	-	35,750,000.00
M-2	MEZ, FLT	32,500,000.00			32,500,000.00	6577,~~392~~259.7130	-	6577,~~392~~259.7130	-	-	32,500,000.00
M-3	MEZ, FLT	13,000,000.00			13,000,000.00	2732,~~348~~023.7516	-	2732,~~348~~023.7516	-	-	13,000,000.00
M-4	MEZ, FLT	13,000,000.00			13,000,000.00	3236,~~353~~724.7583	-	3236,~~353~~724.7583	-	-	13,000,000.00
M-5	MEZ, FLT	13,000,000.00			13,000,000.00	3337,~~545~~844.4227	-	3337,~~545~~844.4227	-	-	13,000,000.00
M-6	MEZ, FLT	13,000,000.00			13,000,000.00	3539,~~690~~859.4227	-	3539,~~690~~859.4227	-	-	13,000,000.00
M-7	MEZ, FLT	13,000,000.00			13,000,000.00	3842,~~907~~881.9277	-	3842,~~907~~881.9277	-	-	13,000,000.00
M-8	MEZ, FLT	13,000,000.00			13,000,000.00	4044,~~099~~001.5822	-	4044,~~099~~001.5822	-	-	13,000,000.00
M-9	MEZ, FLT	13,000,000.00			13,000,000.00	5760,~~974~~792.5889	-	5760,~~974~~792.5889	-	-	13,000,000.00
M-10	MEZ, FLT	13,000,000.00			13,000,000.00	5760,~~974~~792.5889	-	5760,~~974~~792.5889	-	-	13,000,000.00
CE	EXE	6,499,975.38			6,500,001.51	32,~~709~~645,~~423~~405.9379	-	32,~~709~~645,~~423~~405.9379	-	-	6,500,001.51
R	R	-			-	-	-	-	-	-	-
P	SUB	100.00			100.00	1,~~127~~090,~~359~~761.1435	-	1,~~127~~090,~~359~~761.1435	-	-	100.00
Total		1,300,000,075.38			1926,~~091~~633,~~271,398~~454.3376	65,~~916~~863,~~800~~808.7438	5558,~~764~~310,~~872~~121.9474	6264,~~681~~173,~~673~~930.6812	-	-	1868,~~035~~323,~~506,525~~333.3902
	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-1A	0811/2526/04	0912/26/04		A-Act/360	03072SNP6	782,599,000.00	~~832~~689.~~549373~~851802	1.~~476734~~485472	4653.~~062609~~398092	4754.~~539343~~883564	~~786~~636.~~486764~~453710
A-1B	0811/2526/04	0912/26/04		A-Act/360	03072SNQ4	86,957,000.00	~~832~~689.~~549373~~851802	1.~~537788~~532995	4653.~~062609~~398092	4754.~~600397~~931087	~~786~~636.~~486764~~453710
A-2	0811/2526/04	0912/26/04		A-Act/360	03072SNR2	251,694,000.00	~~749~~588.~~215294~~089426	1.~~315185~~256217	6247.~~420460~~190201	6348.~~735645~~446417	~~686~~540.~~794834~~899225
M-1	0811/2526/04	0912/26/04		A-Act/360	03072SNS0	35,750,000.00	1,000.000000	12.~~966250~~334154	-	12.~~966250~~334154	1,000.000000
M-2	0811/2526/04	0912/26/04		A-Act/360	03072SNT8	32,500,000.00	1,000.000000	2.~~012083~~377209	-	2.~~012083~~377209	1,000.000000
M-3	0811/2526/04	0912/26/04		A-Act/360	03072SNU5	13,000,000.00	1,000.000000	2.~~103750~~463320	-	2.~~103750~~463320	1,000.000000
M-4	0811/2526/04	0912/26/04		A-Act/360	03072SNV3	13,000,000.00	1,000.000000	2.~~488750~~824987	-	2.~~488750~~824987	1,000.000000
M-5	0811/2526/04	0912/26/04		A-Act/360	03072SNW1	13,000,000.00	1,000.000000	2.~~580417~~911098	-	2.~~580417~~911098	1,000.000000
M-6	0811/2526/04	0912/26/04		A-Act/360	03072SNX9	13,000,000.00	1,000.000000	23.~~745417~~066098	-	23.~~745417~~066098	1,000.000000
M-7	0811/2526/04	0912/26/04		A-Act/360	03072SNY7	13,000,000.00	1,000.000000	23.~~992917~~298598	-	23.~~992917~~298598	1,000.000000
M-8	0811/2526/04	0912/26/04		A-Act/360	03072SNZ4	13,000,000.00	1,000.000000	3.~~084583~~384709	-	3.~~084583~~384709	1,000.000000
M-9	0811/2526/04	0912/26/04		A-Act/360	03072SPA7	13,000,000.00	1,000.000000	4.~~459583~~676376	-	4.~~459583~~676376	1,000.000000
M-10	0811/2526/04	0912/26/04		A-Act/360	03072SPB5	13,000,000.00	1,000.000000	4.~~459583~~676376	-	4.~~459583~~676376	1,000.000000
CE	0811/2526/04	0912/26/04		A-Act/360		6,499,975.38	1,000.004020	~~570~~406.~~682766~~987047	-	~~570~~406.~~682766~~987047	1,000.004020
R	0811/2526/04	0912/26/04		-		-	-	-	-	-	-
P	0811/2526/04	0912/26/04		-		100.00	1,000.000000	1110,~~273~~907,~~591~~613.~~400000~~500000	-	################	1,000.000000
							Page 2 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	REMIC II
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 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-1A	782,599,000.00		710,~~383~~740,~~507~~925.2903		~~162~~277,~~297~~735,~~153~~315.2776	46,~~798~~775,~~091~~647.4657	~~167~~284,~~095~~510,~~244~~963.7333	~~174~~295,~~478~~251,~~752~~888.0236	-	-	~~615~~498,~~503~~088,~~755~~036.2767
A-1B	86,957,000.00		~~862~~1,~~728~~248,750.0001		1830,~~033~~860,~~339~~031.6258	~~533~~752,~~130~~863.8120	1831,~~566~~612,~~470~~894.4377	1932,~~429~~861,~~198~~644.4378	-	-	6855,~~390~~344,~~529~~105.5622
A-2	251,694,000.00		23,~~228~~147,~~722~~381.9602		76112,~~403~~500,~~243~~444.1958	23,~~428~~052,~~617~~465.7781	78115,~~831~~552,~~860~~910.9639	81118,~~060~~700,~~583~~291.9241	-	-	~~172~~136,~~862~~141,~~139~~089.0461
M-1	35,750,000.00		~~411~~639,~~854~~452.9084		-	-	-	~~411~~639,~~854~~452.9084	-	-	35,750,000.00
M-2	32,500,000.00		~~384~~595,~~976~~990.0489		-	-	-	~~384~~595,~~976~~990.0489	-	-	32,500,000.00
M-3	13,000,000.00		~~162~~250,~~440~~132.4247		-	-	-	~~162~~250,~~440~~132.4247	-	-	13,000,000.00
M-4	13,000,000.00		~~197~~299,~~930~~424.4315		-	-	-	~~197~~299,~~930~~424.4315	-	-	13,000,000.00
M-5	13,000,000.00		~~206~~311,~~380~~160.4124		-	-	-	~~206~~311,~~380~~160.4124	-	-	13,000,000.00
M-6	13,000,000.00		~~221~~332,~~590~~285.4124		-	-	-	~~221~~332,~~590~~285.4124	-	-	13,000,000.00
M-7	13,000,000.00		~~244~~363,~~405~~972.4174		-	-	-	~~244~~363,~~405~~972.4174	-	-	13,000,000.00
M-8	13,000,000.00		~~252~~375,~~855~~708.4286		-	-	-	~~252~~375,~~855~~708.4286	-	-	13,000,000.00
M-9	13,000,000.00		~~376~~548,~~449~~594.3042		-	-	-	~~376~~548,~~449~~594.3042	-	-	13,000,000.00
M-10	13,000,000.00		~~376~~548,~~449~~594.3042		-	-	-	~~376~~548,~~449~~594.3042	-	-	13,000,000.00
CE	6,499,975.38		3241,~~069~~308,~~853~~061.2621		-	-	-	3241,~~069~~308,~~853~~061.2621	242.92	269.05	6,500,001.51
R	-		-		-	-	-	-	-	-	-
P	100.00		48,~~969~~280,~~018~~999.4613		-	-	-	48,~~969~~280,~~018~~999.4613	-	-	100.00
Total	1,300,000,075.38		5068,~~349~~991,~~162~~432.0167		~~256~~421,~~733~~095,~~736~~791.0891	710,~~759~~580,~~840~~976.0458	~~264~~431,~~493~~676,~~576~~768.1249	~~314~~500,~~842~~668,~~738~~201.1316	242.92	269.05	1868,~~035~~323,~~506,525~~333.3902
	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-1A	12.~~93500~~50063%	~~651~~539,~~552~~877,~~306~~330.7314			1,~~155~~162,~~690~~528.9080	-	-	-	1,~~155~~162,~~690~~528.9080	1,~~155~~162,~~690~~528.9080	-
A-1B	2.~~01500~~58063%	7259,~~395~~987,~~995~~443.8212			133,~~721~~304.4465	-	-	-	133,~~721~~304.4465	133,~~721~~304.4465	-
A-2	12.~~91500~~48063%	~~188~~148,~~572~~018,~~994~~579.2799			~~331~~316,~~024~~182.1820	-	-	-	~~331~~316,~~024~~182.1820	~~331~~316,~~024~~182.1820	-
M-1	2.~~14500~~71063%	35,750,000.00			7083,~~293~~445.4499	-	-	-	7083,~~293~~445.4499	7083,~~293~~445.4499	-
M-2	2.~~19500~~76063%	32,500,000.00			6577,~~392~~259.7130	-	-	-	6577,~~392~~259.7130	6577,~~392~~259.7130	-
M-3	2.~~29500~~86063%	13,000,000.00			2732,~~348~~023.7516	-	-	-	2732,~~348~~023.7516	2732,~~348~~023.7516	-
M-4	23.~~71500~~28063%	13,000,000.00			3236,~~353~~724.7583	-	-	-	3236,~~353~~724.7583	3236,~~353~~724.7583	-
M-5	23.~~81500~~38063%	13,000,000.00			3337,~~545~~844.4227	-	-	-	3337,~~545~~844.4227	3337,~~545~~844.4227	-
M-6	23.~~99500~~56063%	13,000,000.00			3539,~~690~~859.4227	-	-	-	3539,~~690~~859.4227	3539,~~690~~859.4227	-
M-7	3.~~26500~~83063%	13,000,000.00			3842,~~907~~881.9277	-	-	-	3842,~~907~~881.9277	3842,~~907~~881.9277	-
M-8	3.~~36500~~93063%	13,000,000.00			4044,~~099~~001.5822	-	-	-	4044,~~099~~001.5822	4044,~~099~~001.5822	-
M-9	45.~~86500~~43063%	13,000,000.00			5760,~~974~~792.5889	-	-	-	5760,~~974~~792.5889	5760,~~974~~792.5889	-
M-10	45.~~86500~~43063%	13,000,000.00			5760,~~974~~792.5889	-	-	-	5760,~~974~~792.5889	5760,~~974~~792.5889	-
CE	43.~~18974~~67015%	6,500,001.51			32,~~709~~645,~~423~~405.9379	-	-	-	32,~~709~~645,~~423~~405.9379	32,~~709~~645,~~423~~405.9379	-
R		-			-	-	-	-	-	-	-
P		100.00			1,~~127~~090,~~359~~761.1435	-	-	-	1,~~127~~090,~~359~~761.1435	1,~~127~~090,~~359~~761.1435	-
Total		1926,~~091~~633,~~271,398~~454.3376			65,~~916~~863,~~800~~808.7438	-	-	-	65,~~916~~863,~~800~~808.7438	65,~~916~~863,~~800~~808.7438	-
							Page 3 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					1511,~~710~~858,~~815~~549.6439	4046,~~053~~358,~~916~~585.8041	5558,~~764~~217,~~732~~134.4480
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					1511,~~710~~858,~~815~~549.6439	4046,~~053~~358,~~916~~585.8041	5558,~~764~~217,~~732~~134.4480
	Interest Collections					1,~~379~~120,~~674~~316.3623	54,~~189~~407,~~274~~307.8879	65,~~568~~527,~~949~~624.2402
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(~~148~~119,~~219~~221.4618)	(~~632~~542,~~773~~368.3887)	(~~780~~661,~~992~~590.8405)
	TOTAL NET INTEREST					1,~~231~~001,~~454~~095.9005	43,~~556~~864,~~501~~938.5092	54,~~787~~866,~~956~~033.4097
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					1612,~~942~~859,~~270~~644.5444	4450,~~610~~223,~~418~~524.3033	6163,~~552~~083,~~688~~168.8477
	Prepayment Penalties Collected							1,~~127~~090,~~359~~761.1435
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							6264,~~680~~173,~~047~~930.9812
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~196~~171,~~366~~025.8340	~~824~~725,~~324~~273.2542	1896,~~020,691~~298.0882
	Prepayments In Full					1511,~~517~~506,~~222~~420.4226	3945,~~272~~210,~~756~~776.7968	5456,~~789~~717,~~979~~196.2194
	Curtailments					(2148,~~773~~105.~~61)~~40	~~(178~~59,~~347~~218.~~98)~~84	~~(181~~207,~~121~~324.~~59)~~24
	Liquidations					071,639.0054	~~135~~417,~~324~~662.2420	~~135~~489,~~324~~301.2474
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Prefunding Release					0.00	0.00	0.00
	Total Realized Loss Of Principal					0(38,641.0021)	(~~140~~54,345.5073)	(~~140~~92,986.5094)
	Delinquent Principal					(4342,~~135~~118.5705)	(~~212~~210,~~431~~323.0919)	(~~255~~252,~~566~~441.6624)
	Advanced Principal					4342,~~135~~118.5705	~~212~~210,~~431~~323.0919	~~255~~252,~~566~~441.6624
	TOTAL PRINCIPAL COLLECTED					1511,~~710~~858,~~815~~549.6439	4046,~~053~~358,~~916~~585.8041	5558,~~764~~217,~~732~~134.4480
				Page 4 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 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					1,~~401~~140,~~171~~064.1692	54,~~281~~494,~~821~~352.6816	65,~~682~~634,~~992~~417.8408
	Liquidation Interest					0626.0085	~~958~~2,664.5532	~~958~~3,291.5517
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(~~343~~321,~~251~~730.2677)	(1,~~428~~365,~~000~~092.9211)	(1,~~771~~686,~~252~~822.1888)
	Interest Advanced					~~321~~301,~~754~~355.4623	1,~~334~~275,~~495~~381.5793	1,~~656~~576,~~250~~737.0316
	Interest Earnings					0.00	01.0049	01.0049
	TOTAL INTEREST COLLECTED					1,~~379~~120,~~674~~316.3623	54,~~189~~407,~~274~~307.8879	65,~~568~~527,~~949~~624.2402
				Page 5 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 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					7358,~~796~~028.4287	~~265~~217,~~897~~982.8369	~~339~~276,~~694~~011.2556
	Trustee Fees					~~324~~266.0057	1,~~221~~046.9716	1,~~545~~312.9773
	PMI Insurance Fees					7460,~~099~~925.0474	~~365~~323,~~653~~340.5802	~~439~~384,~~752~~265.6276
	TOTAL INTEREST OTHER FEES					~~148~~119,~~219~~221.4618	~~632~~542,~~773~~368.3887	~~780~~661,~~992~~590.8405
				Page 6 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for September 27, 2004 Distribution
	Credit Enhancement Report for December 27, 2004 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							6,500,001.51
	Overcollateralization Target Amount							6,500,001.51
	Overcollateralization Increase Amount							~~140~~92,986.5094
	Overcollateralization Reduction Amount							0.00
				Page 7 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					957	6357	7314
	Prior					~~768~~646	54,~~570~~907	65,~~338~~553
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(4835)	(~~207~~253)	(~~255~~288)
	Repurchases					-	-	-
	Liquidations					-(1)	(12)	(13)
	Current					~~720~~610	54,~~364~~652	65,~~084~~262
	Principal Balance:
	Original					291,820,103.44	1,008,180,199.25	1,300,000,302.69
	Prior					~~228~~188,~~703~~170,~~740~~582.6194	~~862~~738,~~567~~462,~~657~~871.7282	1926,~~091~~633,~~271,398~~454.3376
	Prefunding					-	-	-
	Scheduled Principal					(~~196~~171,~~366~~025.8340)	(~~824~~725,~~324~~273.2542)	(1896,~~020,691~~298.0882)
	Partial and Full Voluntary Prepayments					(1511,~~514~~654,~~448~~525.8166)	(3945,~~094~~269,~~408~~995.8152)	(5456,~~608~~924,~~857~~521.6218)
	Repurchases					-	-	-
	Liquidations					-(71,639.54)	(~~135~~417,~~324~~662.2420)	(~~135~~489,~~324~~301.2474)
	Current					~~212~~176,~~992~~273,~~924~~392.9734	~~822~~692,~~513~~049,~~600~~940.4268	1868,~~035~~323,~~506,525~~333.3902
PREFUNDING						GROUP 2	GROUP 1	TOTAL
	Original Pre-Funding Amount					0.00	0.00	0.00
	Pre-Funding Amount Beginning Balance					0.00	0.00	0.00
	Withdrawal for Subsequent Transfers					0.00	0.00	0.00
	Pre-Funding Amount Released as Principal					0.00	0.00	0.00
	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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.525337%	7.408498%	7.434726%
	Weighted Average Coupon Prior					7.~~369045~~301848%	7.~~361837~~318625%	7.~~363358~~315227%
	Weighted Average Coupon Current					7.~~351893~~274411%	7.~~349379~~307639%	7.~~349906~~300891%
	Weighted Average Months to Maturity Original					353	346	348
	Weighted Average Months to Maturity Prior					~~347~~343	~~340~~336	~~341~~337
	Weighted Average Months to Maturity Current					~~346~~341	~~338~~334	~~340~~335
	Weighted Avg Remaining Amortization Term Original					353	346	347
	Weighted Avg Remaining Amortization Term Prior					~~347~~343	~~340~~336	~~341~~337
	Weighted Avg Remaining Amortization Term Current					~~346~~341	~~338~~334	~~340~~336
	Weighted Average Seasoning Original					1.77	1.87	1.85
	Weighted Average Seasoning Prior					69.7271	69.83	69.8180
	Weighted Average Seasoning Current					710.7270	710.8382	710.8180
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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.857%	3.848%
	Weighted Average Margin Prior					3.~~643~~406%	3.~~730~~578%
	Weighted Average Margin Current					3.~~575~~359%	3.~~682~~513%
	Weighted Average Max Rate Original					9.931%	9.508%
	Weighted Average Max Rate Prior					98.~~444~~897%	98.~~262~~956%
	Weighted Average Max Rate Current					98.~~298~~790%	98.~~168~~831%
	Weighted Average Min Rate Original					6.029%	5.608%
	Weighted Average Min Rate Prior					5.~~740~~446%	5.~~473~~313%
	Weighted Average Min Rate Current					5.~~659~~381%	5.~~425~~252%
	Weighted Average Cap Up Original					0.650%	0.650%
	Weighted Average Cap Up Prior					0.~~617~~575%	0.~~632~~607%
	Weighted Average Cap Up Current					0.~~607~~568%	0.~~624~~597%
	Weighted Average Cap Down Original					0.650%	0.650%
	Weighted Average Cap Down Prior					0.~~617~~575%	0.~~632~~607%
	Weighted Average Cap Down Current					0.~~607~~568%	0.~~624~~597%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					7358,~~796~~028.4287	~~265~~217,~~897~~982.8369	~~339~~276,~~694~~011.2556
	Delinquent Servicing Fees					2120,~~496~~375.8054	9389,~~505~~710.3618	~~115~~110,~~002~~085.1672
	TOTAL SERVICING FEES					9578,~~293~~404.2241	~~359~~307,~~403~~692.1987	~~454~~386,~~696~~097.4128
	Prepayment Interest Shortfall					109,~~355~~317.2566	3026,~~923~~688.6529	4136,~~278~~005.9095
	Compensating Interest					(109,~~355~~317.2566)	(3026,~~923~~688.6529)	(4136,~~278~~005.9095)
	Delinquent Servicing Fees					(2120,~~496~~375.8054)	(9389,~~505~~710.3618)	(~~115~~110,~~002~~085.1672)
	COLLECTED SERVICING FEES					7358,~~796~~028.4287	~~265~~217,~~897~~982.8369	~~339~~276,~~694~~011.2556
	Aggregate Advances with respect to this Distribution					~~364~~343,~~890~~473.0328	1,~~546~~485,~~926~~705.6612	1,~~911~~829,~~816~~178.6940
	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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1113,~~250~~062,~~254~~104.5945	78,~~390~~832,~~051~~394.6562	96,~~259~~877,~~743~~160.6676	2728,~~900~~771,~~049~~659.9083
		% Balance			1.0950%	01.7102%	0.8979%	23.6931%
		# Loans			7399	5057	4954	~~172~~210
		% # Loans			1.2088%	01.8208%	01.8103%	23.8399%
FORECLOSURE		Balance		-477,007.38	-	-63,027.62	1016,~~920~~511,~~021~~508.2031	1017,~~920~~051,~~021~~543.2031
		% Balance		0.0005%	0.00%	0.0001%	1.0590%	1.0596%
		# Loans		-1	-	-1	6097	6099
		% # Loans		0.0002%	0.00%	0.0002%	01.9984%	01.9988%
BANKRUPTCY		Balance		34,~~402~~484,~~232~~509.7302	~~286~~206,~~167~~129.0679	~~321~~411,~~458~~672.6530	~~226~~2,~~144~~331,244.0474	47,~~236~~433,~~002~~555.4885
		% Balance		0.3352%	0.0302%	0.0305%	0.0227%	0.4186%
		# Loans		2329	2	34	216	3051
		% # Loans		0.3855%	0.0304%	0.0508%	0.0330%	0.4997%
REO		Balance		-	-	-	~~583~~3,~~655~~471,323.8904	~~583~~3,~~655~~471,323.8904
		% Balance		0.00%	0.00%	0.00%	0.0640%	0.0640%
		# Loans		-	-	-	317	317
		% # Loans		0.00%	0.00%	0.00%	0.0532%	0.0532%
TOTAL		Balance		34,~~402~~961,~~232~~516.7340	1113,~~536~~268,~~421~~234.6524	79,~~711~~307,~~510~~094.3054	2029,~~989~~191,~~564~~236.7985	4356,~~639~~728,~~729~~082.4703
		% Balance		0.3357%	1.1153%	01.7407%	23.0336%	46.2153%
		# Loans		2330	75101	5362	~~114~~184	~~265~~377
		% # Loans		0.3857%	1.2392%	01.8718%	13.8750%	47.3616%
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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			710,~~384~~201,~~775~~435.7505	56,~~158~~328,~~416~~024.0770	54,~~785~~748,~~741~~789.5851	1821,~~328~~278,~~933~~249.4026
		% Balance			01.9047%	0.6391%	0.7069%	23.2307%
		# Loans			5584	4146	3937	~~135~~167
		% # Loans			1.0381%	0.7699%	0.7380%	23.5259%
FORECLOSURE		Balance		-	-	-63,027.62	710,~~155~~201,~~837~~893.7996	710,~~155~~264,~~837~~921.7958
		% Balance		0.00%	0.00%	0.0001%	01.8747%	01.8748%
		# Loans		-	-	-1	4775	4776
		% # Loans		0.00%	0.00%	0.0002%	01.8861%	01.8863%
BANKRUPTCY		Balance		23,~~997~~831,~~400~~849.4793	~~286~~206,~~167~~129.0679	~~197~~351,~~856~~946.5044	~~226~~2,~~144~~143,158.0487	36,~~707~~533,~~568~~085.0703
		% Balance		0.3655%	0.03%	0.0205%	0.0331%	0.4594%
		# Loans		2126	2	13	214	2645
		% # Loans		0.3956%	0.04%	0.0206%	0.0430%	0.4897%
REO		Balance		-	-	-	~~511~~1,~~953~~898,694.6288	~~511~~1,~~953~~898,694.6288
		% Balance		0.00%	0.00%	0.00%	0.0627%	0.0627%
		# Loans		-	-	-	213	213
		% # Loans		0.00%	0.00%	0.00%	0.0428%	0.0428%
TOTAL		Balance		23,~~997~~831,~~400~~849.4793	710,~~670~~407,~~942~~564.8184	56,~~356~~742,~~272~~998.5776	1318,~~679~~992,~~677~~537.0322	2939,~~704~~974,~~292~~950.8875
		% Balance		0.3655%	01.9350%	0.6597%	12.6674%	35.6178%
		# Loans		2126	5786	4250	90139	~~210~~301
		% # Loans		0.3956%	1.0685%	01.7807%	12.6899%	36.9147%
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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			32,~~865~~860,~~478~~669.8440	2,~~231~~504,~~635~~369.5892	32,~~474~~128,~~002~~371.0825	97,~~571~~493,~~116~~410.5057
		% Balance			1.8162%	1.0542%	1.6321%	4.4925%
		# Loans			1815	911	1017	3743
		% # Loans			2.5046%	1.2580%	12.3979%	57.1405%
FORECLOSURE		Balance		-477,007.38	-	-	36,~~764~~309,~~183~~614.4135	36,~~764~~786,~~183~~621.4173
		% Balance		0.0027%	0.00%	0.00%	13.7758%	13.7785%
		# Loans		-1	-	-	1322	1323
		% # Loans		0.0016%	0.00%	0.00%	13.8161%	13.8177%
BANKRUPTCY		Balance		~~404~~652,~~832~~659.2609	-	~~123~~59,~~602~~725.1586	-188,085.87	~~528~~900,~~434~~470.4182
		% Balance		0.1937%	0.00%	0.0603%	0.0011%	0.2551%
		# Loans		23	-	21	-2	46
		% # Loans		0.2849%	0.00%	0.2816%	0.0033%	0.5698%
REO		Balance		-	-	-	711,~~702~~572,628.2716	711,~~702~~572,628.2716
		% Balance		0.00%	0.00%	0.00%	0.0389%	0.0389%
		# Loans		-	-	-	14	14
		% # Loans		0.00%	0.00%	0.00%	0.1466%	0.1466%
TOTAL		Balance		~~404~~1,~~832~~129,666.2647	32,~~865~~860,~~478~~669.8440	2,~~355~~564,~~237~~095.7378	710,~~309~~198,~~887~~699.7663	1316,~~935~~753,~~436~~131.5928
		% Balance		0.1964%	1.8162%	1.1145%	35.4379%	69.5450%
		# Loans		24	1815	1112	2445	5576
		% # Loans		0.2866%	2.5046%	1.5397%	37.3338%	712.6446%
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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	REO Report for September 27, 2004 Distribution
	REO Report for December 27, 2004 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 3				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Loan Count = 6				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Original Principal Balance = 586,500.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Original Principal Balance = 838,060.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 583,655.89
Total Current Balance = 830,427.39
REO Book Value = Not Available
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
62552500 1		283,500.00	282,225.49	Jan-01-04	8.990%	TX - 90.00%	360	Dec-31-03
60683422 1		114,000.00	112,949.04	Mar-01-04	7.500%	CO - 89.20%	360	Nov-28-03
65621963 1		231,000.00	229,728.13	Jan-01-04	7.990%	MN - 89.19%	360	Dec-29-03
61768867 1		121,500.00	120,196.16	May-01-04	6.800%	AL - 90.00%	360	Nov-14-03
61133963 2		72,000.00	71,702.27	Feb-01-04	10.500%	TN - 80.00%	360	Oct-30-03
62223821 1		272,000.00	269,128.73	Jan-01-04	6.800%	MA - 89.77%	360	Nov-26-03
63464309 1		92,000.00	91,118.09	Jan-01-04	7.300%	FL - 80.00%	360	Nov-28-03
64242209 1		104,560.00	103,729.70	Mar-01-04	7.800%	CT - 87.13%	360	Dec-23-03
65333908 1		134,000.00	133,305.67	Apr-01-04	9.900%	MN - 83.75%	360	Dec-22-03
				Page 14 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Foreclosure Report for September 27, 2004 Distribution
	Foreclosure Report for December 27, 2004 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 27				Loan Group 1 = Group 1
Total Loan Count = 26				Loan Group 1 = Group 1
Total Original Principal Balance = 4,190,580.00				Loan Group 2 = Group 2
Total Original Principal Balance = 4,546,401.00				Loan Group 2 = Group 2
Total Current Balance = 4,166,282.18
Total Current Balance = 4,510,071.31
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
51169415 1		101,250.00	100,625.45	Apr-01-04	9.500%	IL - 75.00%	360	Aug-14-03
61091708 1		244,500.00	242,453.36	May-01-04	7.990%	CA - 66.99%	360	Nov-17-03
61199329 1		65,000.00	63,539.26	Mar-01-04	9.990%	MS - 73.86%	180	Nov-26-03
61893244 1		112,500.00	112,551.28	Apr-01-04	9.250%	SC - 90.00%	360	Nov-24-03
61614061 1		72,250.00	71,936.57	Apr-01-04	9.750%	MN - 85.00%	360	Nov-28-03
62494646 1		78,750.00	78,210.81	Jul-01-04	8.990%	TN - 75.00%	360	Nov-28-03
62049762 1		207,000.00	205,611.84	Apr-01-04	6.990%	CA - 84.84%	360	Dec-16-03
62861109 1		75,375.00	74,991.67	Jul-01-04	9.990%	IA - 75.00%	360	Dec-16-03
62223821 1		272,000.00	269,864.91	Jan-01-04	6.800%	MA - 89.77%	360	Nov-26-03
63516744 1		134,978.00	134,145.66	Jul-01-04	9.500%	MO - 74.99%	360	Nov-30-03
62695705 1		155,550.00	154,952.60	Mar-01-04	9.750%	WI - 85.00%	360	Dec-02-03
63536783 1		70,000.00	69,540.38	Jul-01-04	8.750%	FL - 53.44%	360	Dec-30-03
63052286 1		63,250.00	62,946.28	Mar-01-04	8.750%	MI - 52.71%	360	Dec-11-03
63706402 1		94,800.00	94,083.34	May-01-04	8.500%	LA - 79.00%	360	Nov-29-03
63190367 1		75,000.00	74,662.82	Mar-01-04	8.990%	OK - 81.52%	360	Dec-19-03
63919641 1		187,000.00	180,224.57	Jul-01-04	6.990%	WI - 85.00%	180	Dec-22-03
63449540 1		192,330.00	189,265.39	Mar-01-04	6.990%	NJ - 90.00%	360	Nov-26-03
64095383 1		202,500.00	200,951.39	Jan-01-04	7.990%	CT - 90.00%	360	Dec-30-03
63579585 1		170,500.00	169,661.82	Mar-01-04	8.990%	CO - 79.67%	360	Dec-31-03
64492101 1		90,000.00	89,311.67	Jul-01-04	7.990%	MI - 80.00%	360	Dec-19-03
63891246 1		189,000.00	188,070.47	Feb-01-04	8.550%	MN - 78.75%	360	Dec-15-03
64519523 1		75,000.00	73,865.72	Jul-01-04	9.990%	AL - 84.27%	240	Dec-29-03
63985865 1		136,000.00	135,503.31	Mar-01-04	9.990%	IL - 85.00%	360	Dec-22-03
64585888 1		175,000.00	173,107.31	Jul-01-04	6.200%	WA - 64.88%	360	Dec-29-03
63989941 1		240,500.00	239,364.36	Mar-01-04	8.750%	MA - 61.67%	360	Dec-31-03
64682446 1		198,000.00	196,409.99	Jun-01-04	7.990%	CO - 88.39%	360	Dec-19-03
64416506 1		200,000.00	198,798.13	Apr-01-04	7.550%	MN - 78.43%	360	Dec-31-03
64704364 1		85,500.00	84,846.09	Jul-01-04	7.990%	TX - 90.00%	360	Dec-29-03
64633563 1		60,000.00	59,701.88	Apr-01-04	8.500%	MI - 64.80%	360	Dec-23-03
65083040 1		322,599.00	319,800.65	Mar-01-04	7.350%	CA - 73.48%	360	Dec-31-03
65097925 1		225,000.00	224,162.68	Mar-01-04	9.900%	GA - 88.93%	360	Dec-19-03
65165227 1		123,250.00	122,552.09	May-01-04	9.500%	CA - 84.42%	360	Dec-30-03
65100026 1		210,000.00	208,725.51	Feb-01-04	7.500%	MA - 75.00%	360	Dec-22-03
65539066 1		144,000.00	142,878.99	Jun-01-04	7.900%	IA - 82.29%	360	Dec-30-03
65361586 1		124,000.00	123,086.00	Mar-01-04	6.500%	FL - 88.57%	360	Dec-31-03
65589129 1		99,750.00	99,158.72	Jun-01-04	9.250%	FL - 75.00%	360	Dec-30-03
65524647 1		90,750.00	90,321.41	Apr-01-04	8.750%	IA - 75.00%	360	Dec-29-03
65690026 1		80,000.00	79,549.52	Apr-01-04	9.500%	FL - 63.49%	360	Dec-24-03
65557308 1		90,000.00	89,632.04	Apr-01-04	9.450%	MI - 84.91%	360	Dec-31-03
65690729 1		153,900.00	152,782.50	Jun-01-04	8.250%	CO - 90.00%	360	Dec-24-03
65581886 1		87,000.00	86,636.81	Mar-01-04	9.350%	WI - 60.00%	360	Dec-31-03
66209628 1		107,999.00	107,253.25	Jul-01-04	8.500%	MI - 80.00%	360	Dec-31-03
65662249 1		300,000.00	298,597.76	Apr-01-04	8.800%	NY - 45.11%	360	Dec-31-03
63802524 2		340,000.00	336,943.41	Jun-01-04	7.250%	NY - 89.47%	360	Dec-30-03
65735680 1		159,500.00	158,621.77	Mar-01-04	7.990%	IN - 92.20%	360	Dec-31-03
64553944 2		60,000.00	59,740.07	Jul-01-04	10.750%	IA - 70.59%	360	Dec-29-03
62939707 2		116,000.00	115,661.96	Mar-01-04	11.050%	TX - 80.00%	360	Dec-30-03
64969447 2		342,000.00	339,807.33	Feb-01-04	8.990%	WA - 90.00%	360	Dec-30-03
63072284 2		97,500.00	97,212.16	Mar-01-04	10.990%	FL - 73.86%	360	Dec-11-03
65256406 2		519,000.00	517,460.48	Jul-01-04	12.500%	NY - 60.00%	360	Dec-31-03
63701460 2		82,450.00	82,206.57	Feb-01-04	10.990%	MS - 85.00%	360	Dec-17-03
65328460 2		430,000.00	427,451.06	Jul-01-04	9.250%	CA - 64.66%	360	Dec-24-03
65074684 2		408,750.00	406,912.42	Apr-01-04	8.990%	CA - 75.00%	360	Dec-31-03
				Page 15 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					4835	~~207~~253	~~255~~288
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					4835	~~207~~253	~~255~~288
	Paid in Full Balance					1511,~~517~~506,~~222~~420.4226	3945,~~272~~210,~~756~~776.7968	5456,~~789~~717,~~979~~196.2194
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					(2148,~~773~~105.~~61)~~40	~~(178~~59,~~347~~218.~~98)~~84	~~(181~~207,~~121~~324.~~59)~~24
	Total Prepayment Amount					1511,~~514~~654,~~448~~525.8166	3945,~~094~~269,~~408~~995.8152	5456,~~608~~924,~~857~~521.6218
	Cumulative
	Number of Paid in Full Loans					~~232~~341	~~962~~1,672	12,~~194~~013
	Number of Repurchased Loans					4	28	32
	Total Number of Loans Prepaid in Full					~~236~~345	~~990~~1,700	12,~~226~~045
	Paid in Full Balance					75111,~~770~~642,~~236~~880.0734	~~174~~301,~~422~~920,~~287~~408.1426	~~250~~413,~~192~~563,~~523~~288.2160
	Repurchased Loans Balance					1,315,042.65	3,697,540.72	5,012,583.37
	Curtailments Amount					~~188~~426,~~218~~961.2742	~~567~~753,~~994~~517.5077	~~756~~1,~~212~~180,479.7719
	Total Prepayment Amount					77113,~~273~~384,~~496~~884.9941	~~178~~306,~~687~~371,~~822~~466.3675	~~255~~419,~~961~~756,~~319~~351.3516
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					6.7920%	46.5414%	56.0115%
	3 Months Avg SMM					56.8302%	35.9648%	45.3559%
	12 Months Avg SMM
	Avg SMM Since Cut-off					4.3283%	23.7659%	3.1085%
	CPR					5653.9960%	4253.7223%	4653.0231%
	3 Months Avg CPR					5152.3650%	3849.4015%	4149.3985%
	12 Months Avg CPR
	Avg CPR Since Cut-off					4144.1279%	2835.5548%	3137.4659%
	PSA					~~3691~~2505.1730%	~~2727~~2458.1499%	~~2947~~2468.0632%
	3 Months Avg PSA Approximation					~~3823~~2703.8215%	~~2810~~2500.2844%	~~3039~~2542.7137%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~4345~~3597.4777%	~~2947~~2798.7389%	~~3264~~2976.3172%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 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/(0.002*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 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 255						Loan Group 1 = Group 1
Total Loan Count = 288						Loan Group 1 = Group 1
Total Original Principal Balance = 55,190,280.45						Loan Group 2 = Group 2
Total Original Principal Balance = 57,483,842.00						Loan Group 2 = Group 2
Total Prepayment Amount = 54,789,979.21
Total Prepayment Amount = 56,717,196.94
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
48314041 1			232,000.00	230,411.71	Aug-12-04	8.990%	CT - 80.00%	Paid Off - 360	Jul-16-03
48945232 1			263,250.00	260,467.55	Nov-22-04	7.990%	CA - 75.00%	Paid Off - 360	Jul-25-03
48971675 1			254,000.00	252,261.08	Sep-01-04	8.990%	CA - 72.57%	Paid Off - 360	Jul-28-03
49083389 1			120,000.00	118,883.72	Nov-23-04	8.990%	MI - 63.16%	Paid Off - 360	Jul-10-03
49661127 1			180,000.00	178,493.24	Aug-31-04	7.990%	NJ - 72.00%	Paid Off - 360	Jul-09-03
49191703 1			252,000.00	249,469.96	Dec-01-04	8.250%	NJ - 90.00%	Paid Off - 360	Jul-09-03
50153899 1			99,000.00	98,147.98	Aug-24-04	7.850%	NH - 79.20%	Paid Off - 360	Jul-30-03
49274780 1			250,000.00	246,309.05	Nov-30-04	6.250%	CA - 78.37%	Paid Off - 360	Jul-30-03
50325513 1			240,000.00	237,822.11	Aug-13-04	7.250%	MN - 72.73%	Paid Off - 360	Aug-13-03
49847916 1			216,000.00	213,097.71	Dec-08-04	6.750%	CA - 90.00%	Paid Off - 360	Jul-24-03
50840560 1			62,050.00	61,779.39	Aug-26-04	11.150%	LA - 81.65%	Paid Off - 360	Jul-23-03
50818517 1			270,000.00	267,146.25	Nov-15-04	7.990%	MA - 83.85%	Paid Off - 360	Jul-31-03
51286482 1			293,000.00	290,785.00	Aug-31-04	8.500%	CA - 79.19%	Paid Off - 360	Jul-31-03
51139947 1			135,000.00	131,339.00	Nov-30-04	7.250%	WI - 89.40%	Paid Off - 240	Aug-28-03
52754124 1			248,000.00	246,468.36	Aug-30-04	9.050%	TX - 80.00%	Paid Off - 360	Aug-18-03
51169415 1			101,250.00	100,515.51	Nov-16-04	9.500%	IL - 75.00%	Paid Off - 360	Aug-14-03
53622163 1			310,000.00	306,528.80	Aug-25-04	9.250%	MD - 71.26%	Paid Off - 360	Aug-28-03
51867927 1			139,500.00	138,222.03	Dec-01-04	9.990%	NE - 90.00%	Paid Off - 360	Jul-31-03
54567904 1			188,500.00	183,130.43	Aug-13-04	7.750%	MI - 68.55%	Paid Off - 240	Aug-26-03
52124161 1			103,500.00	102,471.08	Nov-22-04	8.300%	FL - 90.00%	Paid Off - 360	Jul-31-03
56474067 1			189,000.00	187,626.61	Aug-12-04	7.750%	DE - 78.75%	Paid Off - 360	Sep-24-03
52285020 1			413,000.00	307,005.13	Nov-17-04	7.250%	MA - 73.75%	Paid Off - 360	Jul-31-03
57980161 1			152,000.00	150,718.36	Aug-17-04	6.990%	CT - 89.41%	Paid Off - 360	Sep-30-03
54442900 1			220,000.00	214,374.02	Nov-29-04	7.750%	PA - 80.00%	Paid Off - 240	Aug-29-03
58731845 1			64,800.00	64,004.83	Aug-17-04	9.990%	NY - 78.74%	Paid Off - 240	Oct-24-03
58259706 1			266,000.00	263,878.62	Nov-19-04	8.650%	CO - 76.00%	Paid Off - 360	Sep-30-03
59555847 1			110,000.00	109,364.55	Sep-01-04	7.750%	CA - 75.34%	Paid Off - 360	Nov-29-03
58477365 1			238,000.00	235,848.55	Dec-08-04	7.600%	CA - 88.15%	Paid Off - 360	Oct-08-03
60093580 1			224,000.00	222,485.69	Aug-12-04	7.050%	NJ - 80.00%	Paid Off - 360	Nov-21-03
58785825 1			112,000.00	107,205.79	Dec-06-04	9.850%	MN - 74.67%	Paid Off - 360	Oct-21-03
60172327 1			322,600.00	321,051.02	Aug-26-04	7.990%	NY - 89.61%	Paid Off - 360	Dec-09-03
59040402 1			211,900.00	209,286.73	Nov-18-04	5.990%	CA - 52.98%	Paid Off - 360	Oct-20-03
60565744 1			316,000.00	314,397.87	Aug-23-04	8.400%	MD - 80.00%	Paid Off - 360	Nov-29-03
59135103 1			320,400.00	317,753.48	Nov-29-04	7.600%	CA - 90.00%	Paid Off - 360	Nov-28-03
60593720 1			145,000.00	144,142.33	Aug-16-04	7.750%	RI - 85.29%	Paid Off - 360	Nov-28-03
59624866 1			286,750.00	283,385.16	Nov-29-04	5.990%	NJ - 92.50%	Paid Off - 360	Nov-24-03
60937687 1			280,000.00	278,902.75	Aug-23-04	8.990%	CA - 80.00%	Paid Off - 360	Dec-03-03
59847186 1			130,500.00	129,400.69	Nov-19-04	7.500%	CA - 90.00%	Paid Off - 360	Nov-28-03
60946209 1			325,000.00	322,201.91	Aug-31-04	5.990%	CA - 86.21%	Paid Off - 360	Nov-25-03
59923086 1			254,000.00	251,278.73	Nov-19-04	6.250%	CO - 84.67%	Paid Off - 360	Nov-24-03
60975760 1			274,500.00	272,211.62	Aug-30-04	5.850%	CA - 90.00%	Paid Off - 360	Nov-12-03
59928168 1			260,000.00	257,498.17	Dec-01-04	6.300%	CA - 57.78%	Paid Off - 360	Dec-11-03
60991262 1			196,000.00	194,408.45	Sep-03-04	5.990%	CA - 93.78%	Paid Off - 360	Nov-18-03
59948943 1			101,500.00	100,789.22	Nov-30-04	8.700%	WI - 70.00%	Paid Off - 360	Nov-29-03
61148466 1			322,700.00	320,522.88	Aug-19-04	6.250%	CA - 89.64%	Paid Off - 360	Dec-31-03
60159886 1			90,000.00	89,409.07	Dec-10-04	8.750%	FL - 75.00%	Paid Off - 360	Nov-29-03
61161949 1			152,250.00	151,538.32	Sep-02-04	8.800%	AL - 75.00%	Paid Off - 360	Nov-20-03
60159928 1			60,000.00	59,624.81	Nov-29-04	8.990%	WY - 70.59%	Paid Off - 360	Nov-14-03
61179867 1			87,000.00	86,676.21	Aug-31-04	9.900%	FL - 75.00%	Paid Off - 360	Nov-17-03
60235306 1			136,200.00	130,629.62	Nov-18-04	6.450%	KY - 85.13%	Paid Off - 180	Nov-19-03
61474243 1			160,500.00	159,545.03	Sep-01-04	7.600%	IL - 79.06%	Paid Off - 360	Nov-12-03
60249000 1			108,000.00	106,784.93	Nov-18-04	5.990%	MD - 90.00%	Paid Off - 360	Nov-18-03
61527586 1			242,250.00	241,319.22	Aug-23-04	9.750%	NY - 85.00%	Paid Off - 360	Nov-14-03
60259702 1			196,200.00	190,105.44	Dec-01-04	6.750%	MN - 90.00%	Paid Off - 240	Nov-25-03
61563466 1			324,000.00	321,495.19	Sep-03-04	6.250%	CA - 90.00%	Paid Off - 360	Nov-12-03
60271384 1			217,980.00	215,878.02	Nov-29-04	6.990%	WA - 90.00%	Paid Off - 360	Nov-17-03
61618427 1			225,000.00	222,936.85	Sep-03-04	7.990%	CA - 59.21%	Paid Off - 360	Nov-20-03
60493426 1			182,700.00	181,000.38	Nov-30-04	6.990%	RI - 90.00%	Paid Off - 360	Nov-12-03
61662581 1			142,200.00	141,456.82	Sep-03-04	8.250%	ME - 90.00%	Paid Off - 360	Nov-12-03
60503927 1			225,000.00	222,907.02	Dec-03-04	6.990%	CA - 90.00%	Paid Off - 360	Nov-26-03
61776589 1			227,750.00	225,972.41	Aug-25-04	6.250%	CA - 89.28%	Paid Off - 360	Nov-20-03
60741865 1			221,926.00	220,012.70	Dec-01-04	8.000%	MT - 73.98%	Paid Off - 360	Dec-12-03
61791349 1			129,000.00	128,128.13	Aug-24-04	6.950%	MA - 82.48%	Paid Off - 360	Nov-14-03
60974920 1			121,500.00	120,445.99	Nov-24-04	7.350%	MD - 90.00%	Paid Off - 360	Nov-24-03
61854907 1			155,000.00	153,828.57	Sep-09-04	6.375%	NY - 33.99%	Paid Off - 360	Nov-18-03
61074266 1			160,215.00	158,897.74	Nov-30-04	7.990%	MA - 82.50%	Paid Off - 360	Nov-14-03
61880589 1			223,380.00	219,313.33	Aug-16-04	6.450%	IL - 90.00%	Paid Off - 360	Nov-18-03
61123006 1			171,000.00	169,303.33	Dec-02-04	6.990%	NJ - 90.00%	Paid Off - 360	Nov-12-03
61924148 1			98,000.00	97,537.22	Aug-18-04	8.750%	CA - 61.25%	Paid Off - 360	Nov-18-03
61171880 1			301,500.00	298,987.09	Nov-23-04	7.050%	NY - 90.00%	Paid Off - 360	Dec-18-03
62011820 1			135,000.00	134,161.16	Aug-17-04	7.500%	OK - 81.82%	Paid Off - 360	Nov-24-03
61173027 1			200,610.00	198,765.35	Dec-01-04	7.050%	OR - 90.00%	Paid Off - 360	Nov-28-03
62025226 1			242,000.00	240,129.18	Aug-18-04	6.250%	HI - 73.53%	Paid Off - 360	Nov-25-03
61204905 1			100,000.00	99,025.81	Nov-30-04	6.750%	CA - 54.05%	Paid Off - 360	Nov-26-03
62072566 1			173,600.00	172,819.54	Aug-31-04	8.990%	MA - 80.00%	Paid Off - 360	Nov-26-03
61262028 1			142,830.00	136,975.37	Dec-01-04	6.900%	CA - 90.00%	Paid Off - 180	Nov-12-03
62072780 1			243,000.00	241,370.38	Aug-23-04	6.990%	NV - 90.00%	Paid Off - 360	Nov-28-03
61323101 1			227,000.00	225,264.06	Nov-17-04	7.990%	AZ - 86.31%	Paid Off - 360	Nov-12-03
62076724 1			288,000.00	286,068.64	Sep-02-04	6.990%	CA - 90.00%	Paid Off - 360	Nov-19-03
61405460 1			155,500.00	154,053.41	Dec-08-04	6.990%	CA - 72.16%	Paid Off - 360	Nov-12-03
62102066 1			244,000.00	242,943.03	Aug-25-04	8.500%	MA - 87.14%	Paid Off - 360	Dec-30-03
61432928 1			147,000.00	146,101.40	Nov-18-04	9.100%	TX - 70.00%	Paid Off - 360	Nov-18-03
62118880 1			143,220.00	141,945.57	Sep-01-04	5.500%	CA - 82.50%	Paid Off - 360	Nov-14-03
61463246 1			90,000.00	88,960.97	Nov-29-04	8.500%	FL - 60.00%	Paid Off - 360	Nov-14-03
62158381 1			166,500.00	165,751.49	Aug-20-04	8.990%	MD - 75.00%	Paid Off - 360	Nov-18-03
61512729 1			215,100.00	213,455.12	Nov-19-04	7.990%	NY - 90.00%	Paid Off - 360	Nov-28-03
62184023 1			233,370.00	231,953.72	Aug-17-04	7.500%	NJ - 90.00%	Paid Off - 360	Nov-26-03
61657805 1			70,000.00	69,222.43	Nov-15-04	8.750%	PA - 25.93%	Paid Off - 360	Nov-18-03
					Page 19 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 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
62219209 1			85,000.00	84,537.05	Aug-25-04	8.250%	HI - 85.00%	Paid Off - 360	Dec-10-03
61766200 1			144,000.00	143,005.64	Dec-01-04	8.500%	WA - 84.71%	Paid Off - 360	Nov-12-03
62239587 1			139,081.00	138,236.91	Aug-23-04	7.500%	KS - 89.73%	Paid Off - 360	Nov-24-03
61778064 1			68,000.00	67,454.57	Nov-16-04	7.750%	OH - 85.00%	Paid Off - 360	Nov-25-03
62265269 1			174,800.00	173,798.96	Aug-25-04	7.100%	CA - 83.24%	Paid Off - 360	Dec-15-03
61780060 1			91,000.00	90,115.97	Nov-30-04	6.250%	NY - 86.67%	Paid Off - 360	Dec-12-03
62280425 1			161,500.00	160,986.09	Aug-11-04	9.990%	MN - 85.00%	Paid Off - 360	Dec-08-03
61903381 1			110,000.00	108,270.71	Dec-03-04	7.300%	MI - 56.21%	Paid Off - 360	Nov-21-03
62287487 1			85,000.00	78,251.17	Aug-31-04	7.250%	FL - 18.00%	Paid Off - 180	Nov-14-03
61915708 1			208,000.00	205,771.53	Nov-16-04	6.250%	CA - 65.62%	Paid Off - 360	Nov-14-03
62319108 1			165,000.00	164,100.30	Aug-31-04	7.350%	MN - 75.86%	Paid Off - 360	Dec-18-03
61921045 1			295,000.00	292,441.04	Dec-10-04	7.350%	OH - 89.39%	Paid Off - 360	Nov-20-03
62334982 1			173,200.00	171,629.53	Sep-03-04	5.990%	CA - 62.51%	Paid Off - 360	Dec-09-03
61922746 1			329,700.00	327,535.56	Nov-30-04	8.750%	CA - 67.29%	Paid Off - 360	Nov-28-03
62366489 1			247,320.00	245,418.73	Aug-23-04	7.750%	FL - 90.00%	Paid Off - 360	Nov-19-03
61970943 1			260,000.00	257,914.75	Nov-11-04	7.750%	FL - 88.14%	Paid Off - 360	Nov-28-03
62400023 1			92,100.00	89,626.17	Aug-17-04	6.500%	OH - 71.95%	Paid Off - 180	Nov-29-03
61970984 1			213,300.00	211,338.59	Dec-06-04	7.050%	AZ - 90.00%	Paid Off - 360	Nov-25-03
62426887 1			225,000.00	224,088.93	Sep-10-04	9.500%	NJ - 69.23%	Paid Off - 360	Nov-24-03
61973285 1			156,135.00	154,073.61	Nov-23-04	6.500%	OR - 80.00%	Paid Off - 360	Nov-12-03
62470380 1			101,000.00	100,255.54	Aug-31-04	6.500%	MN - 61.30%	Paid Off - 360	Nov-19-03
61998068 1			69,800.00	69,363.57	Dec-02-04	8.990%	MI - 48.14%	Paid Off - 360	Nov-26-03
62477526 1			328,000.00	326,649.76	Aug-27-04	8.750%	CA - 56.75%	Paid Off - 360	Dec-17-03
62028303 1			125,700.00	228.35	Dec-10-04	5.250%	CA - 14.79%	Paid Off - 180	Dec-18-03
62531686 1			173,500.00	172,336.46	Aug-24-04	6.990%	CO - 77.11%	Paid Off - 360	Nov-28-03
62034020 1			156,000.00	154,604.19	Nov-30-04	7.250%	CA - 60.09%	Paid Off - 360	Nov-21-03
62592480 1			87,750.00	87,345.05	Sep-08-04	9.400%	FL - 75.00%	Paid Off - 360	Dec-04-03
62071527 1			274,000.00	271,245.93	Nov-19-04	6.995%	CA - 85.09%	Paid Off - 360	Nov-29-03
62629308 1			119,000.00	118,533.62	Sep-02-04	8.990%	MN - 64.32%	Paid Off - 360	Dec-19-03
62074281 1			300,000.00	297,209.14	Nov-19-04	6.990%	CA - 86.96%	Paid Off - 360	Nov-25-03
62630181 1			320,000.00	318,238.13	Aug-16-04	7.990%	NY - 80.00%	Paid Off - 360	Nov-21-03
62124268 1			185,000.00	183,785.52	Nov-15-04	8.750%	MO - 70.08%	Paid Off - 360	Nov-28-03
62673462 1			160,000.00	159,252.15	Sep-02-04	8.800%	FL - 74.77%	Paid Off - 360	Nov-26-03
62137260 1			238,300.00	236,000.69	Dec-01-04	6.800%	NY - 79.97%	Paid Off - 360	Dec-18-03
62704465 1			177,000.00	176,271.37	Aug-20-04	8.750%	MD - 73.75%	Paid Off - 360	Dec-09-03
62139241 1			425,000.00	421,246.74	Nov-29-04	6.750%	NY - 85.00%	Paid Off - 360	Dec-17-03
62711007 1			210,000.00	209,055.93	Aug-12-04	8.990%	WA - 71.19%	Paid Off - 360	Nov-28-03
62198106 1			225,000.00	222,931.07	Dec-03-04	7.050%	CA - 86.54%	Paid Off - 360	Nov-30-03
62840707 1			124,000.00	123,247.45	Sep-10-04	7.500%	MI - 88.57%	Paid Off - 360	Nov-28-03
62231642 1			277,500.00	274,378.26	Nov-15-04	5.990%	WI - 88.38%	Paid Off - 360	Nov-19-03
62856349 1			110,500.00	109,791.81	Aug-27-04	8.750%	FL - 65.00%	Paid Off - 360	Nov-29-03
62249925 1			181,050.00	179,364.99	Nov-30-04	6.990%	IL - 85.00%	Paid Off - 360	Nov-30-03
62912647 1			120,048.00	119,343.39	Sep-02-04	6.990%	CA - 82.00%	Paid Off - 360	Dec-24-03
62272042 1			249,305.00	247,398.52	Dec-02-04	7.990%	WA - 85.00%	Paid Off - 360	Nov-20-03
62930847 1			131,250.00	130,659.90	Aug-31-04	8.990%	IL - 75.00%	Paid Off - 360	Nov-28-03
62323001 1			171,000.00	169,412.36	Nov-30-04	7.000%	CA - 90.00%	Paid Off - 360	Nov-30-03
62951702 1			263,500.00	259,931.47	Sep-10-04	6.200%	NJ - 77.50%	Paid Off - 360	Nov-21-03
62340823 1			72,000.00	71,592.24	Dec-03-04	8.990%	AZ - 48.65%	Paid Off - 360	Dec-30-03
62981261 1			162,000.00	160,926.20	Sep-10-04	7.050%	CA - 89.41%	Paid Off - 360	Nov-30-03
62385901 1			191,000.00	189,144.65	Dec-03-04	6.250%	MD - 87.82%	Paid Off - 360	Dec-24-03
63012066 1			132,000.00	130,979.53	Sep-02-04	6.250%	OH - 80.00%	Paid Off - 360	Nov-29-03
62386347 1			121,500.00	119,534.01	Dec-08-04	7.550%	GA - 88.04%	Paid Off - 360	Nov-29-03
63018006 1			213,000.00	212,009.63	Sep-02-04	8.150%	CA - 66.15%	Paid Off - 360	Dec-24-03
62400544 1			240,500.00	239,248.28	Nov-19-04	9.400%	CO - 72.88%	Paid Off - 360	Dec-15-03
63036529 1			210,000.00	209,055.93	Sep-01-04	8.990%	NJ - 67.74%	Paid Off - 360	Nov-26-03
62406467 1			225,000.00	223,048.23	Dec-01-04	7.350%	WA - 74.75%	Paid Off - 360	Nov-19-03
63083604 1			306,000.00	303,947.88	Sep-07-04	6.990%	NY - 90.00%	Paid Off - 360	Nov-28-03
62412366 1			116,000.00	115,087.95	Nov-18-04	7.850%	CA - 62.70%	Paid Off - 360	Nov-20-03
63141188 1			228,710.00	226,852.79	Aug-20-04	5.990%	MA - 75.00%	Paid Off - 360	Nov-29-03
62430889 1			153,000.00	151,995.54	Dec-06-04	8.750%	MD - 80.53%	Paid Off - 360	Nov-20-03
63201966 1			120,000.00	119,369.07	Sep-09-04	8.750%	FL - 66.67%	Paid Off - 360	Nov-26-03
62481320 1			119,000.00	117,607.77	Nov-26-04	5.250%	CA - 29.75%	Paid Off - 360	Dec-18-03
63210462 1			188,000.00	186,546.64	Aug-26-04	6.250%	FL - 90.39%	Paid Off - 360	Nov-26-03
62500426 1			104,000.00	102,989.71	Dec-07-04	6.250%	MD - 53.20%	Paid Off - 360	Dec-09-03
63253009 1			185,000.00	184,198.62	Sep-01-04	8.500%	CA - 69.29%	Paid Off - 360	Dec-31-03
62505961 1			124,200.00	123,164.79	Dec-09-04	7.050%	AZ - 90.00%	Paid Off - 360	Dec-16-03
63280440 1			101,700.00	100,910.69	Sep-01-04	6.250%	FL - 90.00%	Paid Off - 360	Nov-28-03
62526686 1			410,000.00	406,186.08	Nov-18-04	6.990%	CA - 86.32%	Paid Off - 360	Nov-30-03
63286082 1			276,000.00	273,965.66	Aug-31-04	6.500%	NY - 84.92%	Paid Off - 360	Nov-26-03
62563283 1			153,000.00	151,593.12	Dec-08-04	7.050%	RI - 90.00%	Paid Off - 360	Nov-26-03
63312862 1			177,250.00	126,882.18	Aug-26-04	7.250%	MA - 69.35%	Paid Off - 360	Dec-12-03
62582465 1			263,340.00	260,900.49	Nov-30-04	6.500%	MA - 90.00%	Paid Off - 360	Dec-09-03
63317846 1			265,000.00	263,748.67	Aug-17-04	8.750%	CA - 60.23%	Paid Off - 360	Nov-25-03
62604269 1			208,800.00	206,765.86	Nov-29-04	6.750%	CA - 90.00%	Paid Off - 360	Nov-20-03
63321723 1			94,250.00	93,484.59	Sep-09-04	5.990%	MI - 53.86%	Paid Off - 360	Nov-29-03
62619622 1			188,000.00	185,729.08	Nov-30-04	5.990%	NJ - 85.69%	Paid Off - 360	Nov-20-03
63335442 1			316,000.00	314,072.10	Aug-19-04	7.050%	CO - 87.78%	Paid Off - 360	Dec-18-03
62666524 1			256,500.00	254,008.33	Nov-30-04	6.250%	CA - 90.00%	Paid Off - 360	Dec-16-03
63348148 1			117,900.00	117,275.87	Aug-16-04	7.500%	PA - 90.00%	Paid Off - 360	Dec-29-03
62691340 1			157,500.00	154,668.20	Dec-03-04	6.750%	NM - 89.49%	Paid Off - 360	Dec-11-03
63511901 1			294,000.00	291,612.70	Aug-24-04	5.990%	CA - 89.91%	Paid Off - 360	Nov-29-03
62750047 1			325,000.00	322,519.02	Dec-01-04	7.500%	HI - 72.22%	Paid Off - 360	Dec-22-03
63532329 1			222,000.00	220,701.10	Aug-24-04	6.990%	CA - 83.77%	Paid Off - 360	Dec-30-03
62796800 1			106,500.00	104,486.03	Nov-12-04	7.350%	WA - 71.00%	Paid Off - 240	Dec-30-03
63539209 1			230,000.00	228,966.02	Sep-01-04	8.990%	MN - 69.70%	Paid Off - 360	Nov-29-03
62876586 1			240,000.00	237,692.29	Dec-01-04	8.500%	IL - 60.00%	Paid Off - 360	Dec-30-03
63544068 1			63,000.00	62,752.96	Aug-18-04	8.990%	MI - 75.00%	Paid Off - 360	Dec-08-03
62889365 1			73,500.00	71,653.47	Dec-10-04	9.990%	AZ - 70.00%	Paid Off - 180	Dec-29-03
63571863 1			157,250.00	156,417.57	Aug-20-04	7.500%	MA - 82.76%	Paid Off - 360	Dec-30-03
62940184 1			211,500.00	209,338.86	Dec-10-04	6.500%	CA - 88.13%	Paid Off - 360	Nov-30-03
63574164 1			270,000.00	267,807.50	Sep-02-04	5.990%	CA - 90.00%	Paid Off - 360	Nov-30-03
62955042 1			72,000.00	71,501.14	Dec-06-04	7.990%	CA - 25.71%	Paid Off - 360	Dec-22-03
63575807 1			109,000.00	108,551.24	Aug-27-04	8.750%	IL - 83.85%	Paid Off - 360	Dec-19-03
62956446 1			227,500.00	226,151.44	Dec-10-04	9.250%	FL - 65.00%	Paid Off - 360	Dec-17-03
63592323 1			168,030.00	167,302.10	Aug-26-04	8.500%	MD - 90.00%	Paid Off - 360	Dec-29-03
62970223 1			105,000.00	104,310.65	Nov-22-04	8.750%	PA - 75.00%	Paid Off - 360	Nov-28-03
63632145 1			83,325.00	82,866.12	Aug-31-04	7.300%	TX - 75.75%	Paid Off - 360	Dec-16-03
63015663 1			202,646.00	200,474.96	Dec-09-04	6.250%	IL - 90.00%	Paid Off - 360	Nov-30-03
63654248 1			92,700.00	92,233.00	Sep-03-04	7.750%	SC - 90.00%	Paid Off - 360	Dec-31-03
63109680 1			86,400.00	85,109.34	Dec-07-04	6.990%	MI - 89.99%	Paid Off - 360	Nov-28-03
63719421 1			98,000.00	97,503.79	Aug-24-04	8.990%	MN - 67.59%	Paid Off - 360	Dec-22-03
63141220 1			252,000.00	249,165.10	Dec-02-04	5.990%	CA - 90.00%	Paid Off - 360	Nov-28-03
63738066 1			110,600.00	110,120.89	Aug-30-04	8.500%	IL - 88.13%	Paid Off - 360	Dec-22-03
63160329 1			260,000.00	258,203.84	Nov-15-04	8.500%	FL - 57.78%	Paid Off - 360	Nov-24-03
					Page 20 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 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
63749188 1			180,000.00	179,135.67	Aug-31-04	7.990%	MI - 79.30%	Paid Off - 360	Dec-02-03
63164867 1			60,000.00	59,387.76	Nov-29-04	5.990%	FL - 93.75%	Paid Off - 360	Dec-22-03
63757983 1			158,500.00	157,269.59	Sep-08-04	7.150%	WI - 86.14%	Paid Off - 360	Dec-12-03
63169981 1			160,650.00	159,740.32	Dec-01-04	8.990%	MD - 85.00%	Paid Off - 360	Dec-12-03
63766364 1			67,500.00	67,222.08	Sep-07-04	8.750%	CO - 64.90%	Paid Off - 360	Dec-19-03
63172704 1			125,000.00	124,179.38	Nov-26-04	8.750%	MO - 46.21%	Paid Off - 360	Nov-29-03
63773089 1			175,000.00	173,826.42	Sep-02-04	6.990%	CA - 67.20%	Paid Off - 360	Nov-29-03
63218085 1			180,000.00	178,966.41	Nov-24-04	9.500%	CA - 75.00%	Paid Off - 360	Nov-21-03
63783005 1			260,100.00	258,851.14	Aug-27-04	7.990%	CA - 90.00%	Paid Off - 360	Dec-31-03
63272728 1			219,850.00	217,311.29	Dec-03-04	5.850%	CA - 71.96%	Paid Off - 360	Nov-28-03
63793582 1			178,000.00	177,267.24	Sep-09-04	8.750%	CA - 43.42%	Paid Off - 360	Dec-04-03
63289128 1			219,300.00	217,706.35	Dec-09-04	7.750%	WI - 85.00%	Paid Off - 360	Dec-22-03
63793848 1			265,000.00	263,727.62	Aug-30-04	7.990%	MA - 69.74%	Paid Off - 360	Dec-31-03
63295505 1			78,000.00	77,404.54	Nov-18-04	7.500%	PA - 30.47%	Paid Off - 360	Dec-18-03
63805469 1			204,000.00	202,920.11	Aug-17-04	7.500%	CA - 88.70%	Paid Off - 360	Dec-24-03
63302046 1			78,000.00	77,484.45	Nov-30-04	8.990%	CA - 67.83%	Paid Off - 360	Nov-28-03
63807705 1			204,800.00	203,391.79	Sep-01-04	6.150%	CA - 80.00%	Paid Off - 360	Dec-23-03
63303564 1			210,000.00	208,632.47	Nov-26-04	8.300%	IL - 89.36%	Paid Off - 360	Dec-30-03
63818447 1			247,500.00	246,481.11	Aug-23-04	8.750%	CA - 88.08%	Paid Off - 360	Dec-31-03
63315907 1			105,000.00	104,098.62	Nov-22-04	7.500%	CO - 51.22%	Paid Off - 360	Nov-24-03
63861108 1			187,900.00	186,515.02	Sep-02-04	6.500%	CA - 87.66%	Paid Off - 360	Nov-29-03
63351829 1			195,000.00	193,508.75	Nov-19-04	7.990%	NY - 86.67%	Paid Off - 360	Nov-28-03
63868566 1			117,300.00	116,791.59	Aug-26-04	8.500%	MS - 85.00%	Paid Off - 360	Dec-02-03
63419840 1			295,000.00	292,514.95	Nov-15-04	7.500%	NJ - 84.29%	Paid Off - 360	Nov-26-03
63894703 1			268,500.00	267,502.75	Aug-20-04	9.250%	CA - 72.57%	Paid Off - 360	Dec-09-03
63428064 1			70,000.00	69,637.24	Dec-08-04	9.900%	TX - 68.63%	Paid Off - 360	Nov-28-03
63911929 1			199,691.00	198,943.89	Aug-31-04	9.500%	FL - 83.21%	Paid Off - 360	Dec-29-03
63432306 1			125,999.00	125,010.29	Dec-09-04	7.500%	MD - 89.36%	Paid Off - 360	Dec-15-03
63915623 1			122,000.00	120,287.96	Aug-18-04	6.250%	IL - 44.25%	Paid Off - 300	Dec-31-03
63435184 1			210,000.00	208,214.02	Nov-26-04	7.750%	MD - 84.00%	Paid Off - 360	Nov-28-03
63938203 1			343,000.00	340,569.01	Aug-31-04	5.990%	CA - 72.21%	Paid Off - 360	Dec-31-03
63485965 1			169,200.00	167,626.02	Nov-26-04	6.990%	FL - 90.00%	Paid Off - 360	Nov-28-03
63960744 1			322,000.00	320,119.45	Aug-20-04	7.000%	NY - 84.74%	Paid Off - 360	Dec-15-03
63537005 1			60,000.00	59,662.11	Nov-23-04	9.500%	FL - 74.07%	Paid Off - 360	Nov-28-03
63988448 1			104,400.00	103,789.15	Aug-24-04	6.990%	CA - 87.00%	Paid Off - 360	Dec-29-03
63553663 1			60,000.00	59,599.01	Nov-30-04	8.990%	AL - 60.00%	Paid Off - 360	Nov-28-03
64006802 1			165,000.00	163,358.42	Aug-17-04	6.200%	MA - 45.80%	Paid Off - 300	Dec-08-03
63590129 1			130,000.00	129,226.93	Dec-07-04	8.750%	CA - 65.00%	Paid Off - 360	Dec-31-03
64019664 1			176,900.00	175,815.62	Aug-30-04	6.750%	CA - 79.99%	Paid Off - 360	Dec-31-03
63607840 1			234,000.00	232,213.33	Nov-16-04	7.500%	IL - 88.30%	Paid Off - 360	Dec-15-03
64072069 1			172,000.00	171,174.12	Aug-31-04	7.990%	MN - 80.00%	Paid Off - 360	Dec-30-03
63621148 1			68,600.00	68,044.48	Nov-19-04	7.199%	TX - 70.00%	Paid Off - 360	Dec-16-03
64091309 1			234,000.00	232,695.02	Aug-18-04	7.250%	MA - 90.00%	Paid Off - 360	Dec-16-03
63651988 1			216,000.00	214,092.39	Dec-10-04	6.750%	CT - 90.00%	Paid Off - 360	Dec-10-03
64098429 1			72,200.00	71,887.21	Aug-23-04	8.500%	PA - 95.00%	Paid Off - 360	Dec-15-03
63700306 1			90,000.00	89,490.36	Dec-07-04	8.990%	FL - 81.82%	Paid Off - 360	Dec-03-03
64131949 1			125,000.00	124,485.40	Aug-25-04	8.750%	CA - 71.43%	Paid Off - 360	Dec-18-03
63734560 1			131,400.00	129,857.02	Dec-06-04	7.100%	FL - 89.39%	Paid Off - 360	Dec-10-03
64136807 1			264,000.00	262,219.89	Aug-19-04	7.990%	CA - 66.00%	Paid Off - 360	Dec-23-03
63747760 1			80,000.00	79,546.97	Dec-08-04	8.990%	MD - 80.00%	Paid Off - 360	Dec-19-03
64143142 1			220,000.00	219,047.01	Aug-17-04	8.500%	CA - 72.13%	Paid Off - 360	Dec-15-03
63817241 1			165,000.00	163,489.34	Dec-06-04	7.200%	CA - 46.48%	Paid Off - 360	Nov-29-03
64160203 1			144,000.00	142,981.08	Aug-16-04	5.999%	NV - 90.00%	Paid Off - 360	Dec-31-03
63834485 1			144,500.00	143,281.53	Nov-17-04	6.990%	RI - 65.68%	Paid Off - 360	Dec-03-03
64222649 1			240,300.00	239,101.52	Aug-17-04	7.800%	NV - 90.00%	Paid Off - 360	Dec-15-03
63844328 1			181,000.00	179,577.08	Nov-22-04	7.350%	RI - 88.29%	Paid Off - 360	Dec-09-03
64226160 1			292,950.00	290,873.70	Sep-07-04	5.990%	CA - 83.70%	Paid Off - 360	Dec-26-03
63890289 1			252,900.00	250,767.52	Nov-26-04	6.990%	MD - 90.00%	Paid Off - 360	Dec-09-03
64241466 1			105,000.00	104,381.23	Aug-17-04	6.990%	MI - 87.50%	Paid Off - 360	Dec-12-03
63910087 1			100,000.00	99,433.75	Nov-26-04	8.990%	FL - 76.92%	Paid Off - 360	Dec-09-03
64242761 1			242,460.00	236,563.84	Aug-27-04	8.900%	FL - 72.59%	Paid Off - 180	Dec-12-03
63919500 1			220,000.00	217,755.71	Nov-19-04	5.990%	WI - 84.62%	Paid Off - 360	Dec-11-03
64256282 1			183,600.00	182,496.17	Sep-08-04	6.850%	MI - 90.00%	Paid Off - 360	Dec-18-03
63935381 1			217,500.00	216,367.96	Dec-10-04	9.400%	NY - 75.00%	Paid Off - 360	Dec-29-03
64292543 1			251,000.00	249,966.74	Aug-12-04	8.750%	MA - 61.67%	Paid Off - 360	Dec-18-03
63938260 1			140,600.00	139,618.33	Nov-15-04	7.990%	NV - 95.00%	Paid Off - 360	Dec-08-03
64315849 1			262,000.00	260,806.11	Sep-02-04	8.250%	MA - 74.86%	Paid Off - 360	Dec-17-03
63939565 1			96,900.00	94,385.70	Nov-22-04	9.600%	TN - 85.00%	Paid Off - 180	Dec-26-03
64380702 1			109,208.00	108,471.17	Aug-20-04	6.250%	CA - 75.09%	Paid Off - 360	Dec-15-03
63968564 1			224,981.00	223,707.17	Dec-02-04	8.990%	CO - 67.56%	Paid Off - 360	Dec-11-03
64399009 1			227,600.00	226,453.47	Aug-31-04	7.750%	GA - 87.54%	Paid Off - 360	Dec-29-03
63974463 1			100,125.00	99,529.61	Dec-09-04	8.750%	IL - 74.17%	Paid Off - 360	Dec-16-03
64443906 1			62,250.00	61,982.95	Aug-17-04	8.750%	TN - 75.00%	Paid Off - 360	Dec-12-03
63992606 1			140,250.00	139,372.67	Nov-16-04	8.500%	CO - 85.00%	Paid Off - 360	Dec-19-03
64485741 1			164,000.00	163,212.50	Aug-27-04	7.990%	CA - 76.28%	Paid Off - 360	Dec-16-03
63997084 1			292,500.00	290,332.10	Dec-09-04	7.650%	NY - 90.00%	Paid Off - 360	Dec-11-03
64541402 1			147,250.00	146,431.15	Aug-17-04	7.250%	IL - 95.00%	Paid Off - 360	Dec-16-03
64019201 1			165,000.00	163,587.79	Dec-09-04	6.990%	CA - 63.98%	Paid Off - 360	Dec-16-03
64557762 1			105,000.00	104,347.59	Sep-01-04	6.700%	TN - 56.76%	Paid Off - 360	Dec-22-03
64036767 1			150,000.00	149,061.70	Dec-01-04	8.500%	CO - 71.43%	Paid Off - 360	Dec-15-03
64559602 1			97,500.00	97,097.59	Aug-23-04	8.750%	CO - 72.22%	Paid Off - 360	Dec-17-03
64094907 1			190,400.00	188,550.44	Dec-01-04	6.250%	MN - 79.67%	Paid Off - 360	Dec-17-03
64580244 1			122,000.00	121,574.26	Aug-31-04	9.550%	RI - 58.10%	Paid Off - 360	Dec-19-03
64109580 1			108,750.00	108,229.09	Nov-29-04	9.800%	MS - 75.00%	Paid Off - 360	Dec-31-03
64605207 1			179,000.00	177,733.73	Aug-27-04	6.000%	CA - 72.15%	Paid Off - 360	Dec-30-03
64125602 1			157,500.00	156,408.67	Dec-01-04	7.990%	FL - 90.00%	Paid Off - 360	Dec-12-03
64645641 1			156,750.00	156,028.44	Sep-01-04	8.200%	MN - 95.00%	Paid Off - 360	Dec-23-03
64127020 1			157,500.00	156,261.73	Dec-01-04	7.350%	FL - 90.00%	Paid Off - 360	Dec-15-03
64650948 1			290,700.00	288,628.71	Aug-26-04	5.990%	CA - 74.54%	Paid Off - 360	Dec-31-03
64135189 1			214,000.00	207,352.07	Dec-01-04	7.500%	MN - 88.43%	Paid Off - 180	Dec-15-03
64673486 1			75,000.00	74,691.22	Sep-02-04	8.750%	FL - 56.82%	Paid Off - 360	Dec-31-03
64242605 1			88,200.00	87,617.03	Nov-30-04	8.250%	IL - 90.00%	Paid Off - 360	Dec-11-03
64707987 1			275,000.00	273,230.47	Aug-17-04	6.500%	MI - 85.94%	Paid Off - 360	Dec-18-03
64250442 1			92,389.00	90,283.06	Nov-26-04	7.990%	MD - 90.00%	Paid Off - 240	Dec-15-03
64755242 1			250,200.00	248,923.11	Aug-11-04	7.990%	CT - 90.00%	Paid Off - 360	Dec-22-03
64253180 1			186,750.00	185,320.82	Nov-15-04	7.500%	WI - 85.67%	Paid Off - 360	Dec-31-03
64767106 1			107,250.00	106,821.82	Sep-02-04	8.900%	KY - 75.00%	Paid Off - 360	Dec-31-03
64256886 1			70,000.00	69,570.92	Dec-01-04	8.600%	MN - 66.67%	Paid Off - 360	Dec-31-03
64813462 1			212,850.00	211,666.37	Sep-02-04	7.250%	MN - 88.32%	Paid Off - 360	Dec-17-03
64263064 1			214,200.00	212,715.82	Nov-30-04	7.990%	MN - 90.00%	Paid Off - 360	Dec-19-03
64818305 1			190,000.00	189,217.80	Aug-20-04	8.750%	IL - 84.44%	Paid Off - 360	Dec-22-03
64268782 1			272,000.00	270,298.64	Nov-26-04	8.500%	MA - 85.00%	Paid Off - 360	Dec-18-03
64823982 1			277,000.00	275,129.66	Aug-24-04	6.250%	CA - 85.23%	Paid Off - 360	Dec-18-03
64289283 1			318,750.00	316,945.17	Nov-30-04	8.990%	CA - 75.00%	Paid Off - 360	Dec-12-03
					Page 21 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 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
64836562 1			187,000.00	185,980.39	Sep-07-04	7.350%	CA - 74.80%	Paid Off - 360	Dec-29-03
64325426 1			73,500.00	72,933.61	Nov-16-04	7.500%	AR - 84.97%	Paid Off - 360	Dec-30-03
64869340 1			162,000.00	160,851.79	Aug-17-04	5.990%	CA - 89.50%	Paid Off - 360	Dec-26-03
64328081 1			160,200.00	158,915.73	Nov-16-04	7.250%	MD - 90.00%	Paid Off - 360	Dec-17-03
64870702 1			175,500.00	174,587.42	Sep-10-04	7.600%	MN - 90.00%	Paid Off - 360	Dec-17-03
64331663 1			272,000.00	269,706.52	Nov-30-04	6.990%	IL - 87.74%	Paid Off - 360	Dec-19-03
64899982 1			155,125.00	154,453.02	Aug-20-04	8.500%	CA - 85.00%	Paid Off - 360	Dec-24-03
64334360 1			195,000.00	193,141.32	Nov-30-04	6.350%	CA - 63.60%	Paid Off - 360	Dec-20-03
64909005 1			314,500.00	312,989.93	Aug-11-04	7.990%	CA - 85.00%	Paid Off - 360	Dec-30-03
64354947 1			120,600.00	119,633.15	Dec-01-04	7.250%	FL - 90.00%	Paid Off - 360	Dec-19-03
64915705 1			96,000.00	95,623.78	Sep-01-04	8.990%	FL - 60.00%	Paid Off - 360	Dec-31-03
64371784 1			206,250.00	205,023.68	Nov-29-04	8.750%	CA - 75.00%	Paid Off - 360	Dec-24-03
64922487 1			313,000.00	311,711.47	Aug-27-04	8.750%	MA - 66.60%	Paid Off - 360	Dec-19-03
64381767 1			315,000.00	312,025.81	Nov-17-04	6.400%	CA - 88.73%	Paid Off - 360	Dec-31-03
65001661 1			270,000.00	268,086.36	Aug-18-04	5.990%	MA - 62.79%	Paid Off - 360	Dec-31-03
64401664 1			76,300.00	75,139.50	Dec-10-04	6.800%	PA - 45.77%	Paid Off - 300	Dec-12-03
65048100 1			212,000.00	210,877.76	Sep-02-04	7.500%	MA - 73.10%	Paid Off - 360	Dec-18-03
64407349 1			72,250.00	71,360.26	Nov-11-04	8.250%	ME - 85.00%	Paid Off - 360	Dec-24-03
65066128 1			300,000.00	298,411.92	Aug-17-04	7.500%	GA - 80.00%	Paid Off - 360	Dec-22-03
64407521 1			146,250.00	145,504.45	Nov-11-04	9.500%	PA - 75.00%	Paid Off - 360	Dec-26-03
65076549 1			142,250.00	141,649.24	Aug-27-04	9.250%	CA - 72.95%	Paid Off - 360	Dec-18-03
64419641 1			377,000.00	373,154.08	Nov-30-04	5.990%	NY - 86.67%	Paid Off - 360	Dec-19-03
65099103 1			168,750.00	168,213.02	Aug-30-04	9.990%	CT - 75.00%	Paid Off - 360	Dec-31-03
64421928 1			127,500.00	126,850.04	Nov-12-04	9.500%	WI - 75.00%	Paid Off - 360	Dec-19-03
65107468 1			314,500.00	311,965.47	Sep-02-04	5.990%	CA - 85.00%	Paid Off - 360	Dec-31-03
64446586 1			260,000.00	257,956.00	Nov-30-04	7.350%	CA - 70.27%	Paid Off - 360	Dec-23-03
65110561 1			159,000.00	157,274.22	Sep-01-04	8.900%	GA - 88.33%	Paid Off - 240	Dec-24-03
64456486 1			294,000.00	290,744.92	Nov-26-04	5.550%	CA - 82.12%	Paid Off - 360	Dec-29-03
65114845 1			373,500.00	371,580.77	Sep-01-04	7.650%	NY - 85.86%	Paid Off - 360	Dec-31-03
64462823 1			132,000.00	130,570.23	Dec-08-04	6.500%	MD - 89.19%	Paid Off - 360	Dec-18-03
65122889 1			151,000.00	147,705.43	Sep-02-04	7.350%	CA - 87.28%	Paid Off - 180	Dec-26-03
64474000 1			262,500.00	260,986.11	Dec-08-04	8.900%	NY - 75.00%	Paid Off - 360	Dec-31-03
65147902 1			116,100.00	115,388.30	Aug-27-04	6.750%	MO - 90.00%	Paid Off - 360	Dec-24-03
64485261 1			180,000.00	178,816.03	Nov-26-04	8.250%	CA - 59.02%	Paid Off - 360	Dec-15-03
65162661 1			168,000.00	167,272.22	Sep-07-04	8.500%	CA - 80.00%	Paid Off - 360	Dec-24-03
64526429 1			82,500.00	82,032.76	Nov-30-04	8.990%	LA - 75.00%	Paid Off - 360	Dec-16-03
65165805 1			158,500.00	157,560.83	Aug-13-04	8.500%	CA - 57.64%	Paid Off - 360	Dec-23-03
64535826 1			80,000.00	79,293.49	Nov-16-04	6.750%	CA - 48.54%	Paid Off - 360	Dec-23-03
65172306 1			225,000.00	223,092.40	Sep-01-04	7.500%	CA - 88.24%	Paid Off - 360	Dec-23-03
64536907 1			207,000.00	205,944.75	Nov-16-04	9.500%	CA - 73.93%	Paid Off - 360	Dec-15-03
65182107 1			199,750.00	198,594.90	Sep-10-04	7.050%	TN - 85.00%	Paid Off - 360	Dec-24-03
64557028 1			217,500.00	216,214.14	Dec-01-04	8.800%	MI - 75.00%	Paid Off - 360	Dec-22-03
65221962 1			288,000.00	285,674.99	Aug-31-04	5.990%	CA - 76.80%	Paid Off - 360	Dec-30-03
64564040 1			74,000.00	73,376.02	Nov-23-04	6.990%	MN - 54.81%	Paid Off - 360	Dec-31-03
65227407 1			257,500.00	256,490.84	Aug-18-04	8.990%	MD - 62.81%	Paid Off - 360	Dec-26-03
64602683 1			300,000.00	298,301.42	Nov-18-04	8.990%	TN - 72.29%	Paid Off - 360	Dec-26-03
65245482 1			100,000.00	99,519.82	Aug-24-04	7.990%	FL - 60.98%	Paid Off - 360	Dec-29-03
64626005 1			100,000.00	99,166.51	Nov-17-04	7.050%	MA - 55.46%	Paid Off - 360	Dec-16-03
65277105 1			109,000.00	108,538.79	Aug-12-04	9.900%	CT - 68.13%	Paid Off - 360	Dec-26-03
64670565 1			218,500.00	217,133.29	Nov-18-04	8.500%	RI - 94.59%	Paid Off - 360	Dec-31-03
65282246 1			205,000.00	203,547.04	Aug-18-04	5.990%	CA - 81.85%	Paid Off - 360	Dec-19-03
64673502 1			86,250.00	85,761.63	Dec-01-04	8.990%	MN - 75.00%	Paid Off - 360	Dec-22-03
65290603 1			302,200.00	300,677.71	Sep-01-04	7.750%	MN - 87.59%	Paid Off - 360	Dec-30-03
64674203 1			260,000.00	257,474.34	Dec-02-04	6.250%	FL - 86.67%	Paid Off - 360	Dec-11-03
65291122 1			184,000.00	183,161.48	Aug-12-04	8.250%	CA - 52.57%	Paid Off - 360	Dec-29-03
64677701 1			161,000.00	159,642.46	Nov-16-04	6.990%	MD - 89.54%	Paid Off - 360	Dec-19-03
65296220 1			176,000.00	175,379.38	Aug-13-04	9.500%	MI - 74.89%	Paid Off - 360	Dec-31-03
64680861 1			96,000.00	95,302.34	Nov-30-04	7.750%	MA - 87.27%	Paid Off - 360	Dec-17-03
65300600 1			189,500.00	186,500.15	Sep-01-04	5.750%	WI - 92.44%	Paid Off - 240	Dec-30-03
64682966 1			116,000.00	115,466.00	Nov-17-04	9.990%	CA - 72.96%	Paid Off - 360	Dec-23-03
65307449 1			177,000.00	176,306.38	Aug-24-04	8.990%	IL - 73.14%	Paid Off - 360	Dec-31-03
64691900 1			127,153.00	126,396.90	Nov-16-04	8.750%	FL - 70.64%	Paid Off - 360	Dec-31-03
65313140 1			82,500.00	82,223.52	Aug-13-04	9.990%	FL - 75.00%	Paid Off - 360	Dec-29-03
64734528 1			71,250.00	70,867.52	Nov-29-04	9.250%	FL - 75.00%	Paid Off - 360	Dec-24-03
65315624 1			179,000.00	178,328.02	Aug-11-04	9.200%	NV - 64.16%	Paid Off - 360	Dec-29-03
64738826 1			103,760.00	101,460.38	Nov-24-04	5.990%	PA - 80.00%	Paid Off - 240	Dec-31-03
65317422 1			117,300.00	116,749.07	Aug-20-04	8.100%	CT - 76.17%	Paid Off - 360	Dec-24-03
64745268 1			91,000.00	90,430.71	Nov-24-04	8.500%	FL - 68.94%	Paid Off - 360	Dec-16-03
65337925 1			97,500.00	97,096.59	Aug-11-04	8.750%	FL - 67.71%	Paid Off - 360	Dec-23-03
64762180 1			350,140.00	346,565.93	Dec-02-04	5.990%	NY - 82.00%	Paid Off - 360	Dec-29-03
65338287 1			100,000.00	99,608.09	Aug-30-04	8.990%	CA - 50.00%	Paid Off - 360	Dec-19-03
64782105 1			240,300.00	237,580.66	Dec-01-04	6.550%	CA - 79.78%	Paid Off - 360	Dec-19-03
65345480 1			97,000.00	96,405.38	Aug-18-04	6.750%	NH - 51.84%	Paid Off - 360	Dec-23-03
64803224 1			94,200.00	91,579.99	Dec-03-04	8.800%	MI - 72.46%	Paid Off - 180	Dec-23-03
65374589 1			238,000.00	236,378.96	Sep-02-04	6.200%	NY - 89.81%	Paid Off - 360	Dec-29-03
64833007 1			382,000.00	378,778.96	Dec-03-04	6.990%	CA - 85.27%	Paid Off - 360	Dec-16-03
65380081 1			331,500.00	330,200.94	Aug-25-04	8.990%	CA - 85.00%	Paid Off - 360	Dec-30-03
64861149 1			221,000.00	219,312.89	Nov-30-04	7.500%	CA - 85.00%	Paid Off - 360	Dec-30-03
65402182 1			275,000.00	273,144.64	Sep-01-04	6.250%	MA - 75.34%	Paid Off - 360	Dec-31-03
64878242 1			215,000.00	209,965.60	Dec-09-04	5.990%	CA - 59.44%	Paid Off - 240	Dec-17-03
65424103 1			71,185.00	70,954.13	Aug-26-04	9.900%	OR - 67.80%	Paid Off - 360	Dec-30-03
64901309 1			65,500.00	64,947.64	Nov-30-04	6.990%	MN - 31.80%	Paid Off - 360	Dec-19-03
65429227 1			157,500.00	156,636.89	Aug-16-04	7.750%	CA - 65.63%	Paid Off - 360	Dec-22-03
64945009 1			150,500.00	148,964.70	Nov-29-04	5.990%	CT - 81.35%	Paid Off - 360	Dec-30-03
65442089 1			64,000.00	63,744.46	Aug-16-04	8.900%	CO - 35.56%	Paid Off - 360	Dec-30-03
64950041 1			169,000.00	164,474.32	Nov-22-04	5.850%	IL - 67.60%	Paid Off - 240	Dec-29-03
65442469 1			162,000.00	161,007.02	Aug-25-04	6.750%	FL - 90.00%	Paid Off - 360	Dec-31-03
64965049 1			94,000.00	93,348.65	Nov-30-04	7.990%	FL - 73.44%	Paid Off - 360	Dec-26-03
65504508 1			221,000.00	220,220.74	Aug-18-04	9.500%	MD - 85.00%	Paid Off - 360	Dec-23-03
64972383 1			126,084.00	125,033.14	Nov-30-04	7.050%	FL - 90.00%	Paid Off - 360	Dec-24-03
65526964 1			182,700.00	181,875.79	Aug-26-04	8.300%	MN - 90.00%	Paid Off - 360	Dec-31-03
64973522 1			102,000.00	101,206.39	Nov-29-04	7.700%	CA - 85.00%	Paid Off - 360	Dec-30-03
65550402 1			307,900.00	306,187.82	Aug-24-04	7.250%	CA - 69.98%	Paid Off - 360	Dec-31-03
64978901 1			308,750.00	305,750.79	Dec-10-04	6.250%	CA - 89.49%	Paid Off - 360	Dec-23-03
65551244 1			225,000.00	223,683.62	Aug-24-04	6.990%	CA - 78.95%	Paid Off - 360	Dec-24-03
65005100 1			308,000.00	305,400.49	Nov-23-04	6.990%	CA - 82.57%	Paid Off - 360	Dec-31-03
65559908 1			212,500.00	211,667.23	Sep-09-04	8.990%	CA - 85.00%	Paid Off - 360	Dec-29-03
65018665 1			60,000.00	59,723.81	Dec-10-04	9.990%	MS - 80.00%	Paid Off - 360	Dec-29-03
65610800 1			255,000.00	253,774.18	Aug-19-04	7.990%	FL - 86.74%	Paid Off - 360	Dec-30-03
65033128 1			197,500.00	195,834.68	Nov-30-04	6.990%	CA - 79.25%	Paid Off - 360	Dec-30-03
65613085 1			118,500.00	118,082.12	Aug-13-04	9.500%	CA - 74.06%	Paid Off - 360	Dec-31-03
65063026 1			435,000.00	431,838.96	Dec-01-04	7.750%	NY - 51.18%	Paid Off - 360	Dec-31-03
65619405 1			169,125.00	168,108.20	Sep-01-04	6.850%	CA - 82.50%	Paid Off - 360	Dec-31-03
65078008 1			107,500.00	106,548.53	Nov-26-04	6.750%	MD - 59.75%	Paid Off - 360	Dec-22-03
					Page 22 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 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
65621229 1			315,000.00	313,413.24	Aug-11-04	7.750%	CA - 74.82%	Paid Off - 360	Dec-31-03
65085086 1			231,198.00	228,971.65	Nov-12-04	6.450%	MA - 66.00%	Paid Off - 360	Dec-31-03
65704389 1			204,000.00	202,892.54	Aug-12-04	8.990%	CA - 68.00%	Paid Off - 360	Dec-26-03
65086589 1			215,000.00	213,276.47	Nov-11-04	7.250%	NY - 87.05%	Paid Off - 360	Dec-30-03
65715666 1			213,300.00	211,935.14	Aug-23-04	7.250%	MI - 90.00%	Paid Off - 360	Dec-29-03
65092249 1			178,200.00	176,664.92	Nov-11-04	6.900%	WA - 89.10%	Paid Off - 360	Dec-22-03
65745341 1			315,000.00	313,332.54	Aug-20-04	7.500%	CA - 90.00%	Paid Off - 360	Dec-30-03
65097701 1			178,200.00	176,697.36	Dec-03-04	6.990%	MD - 90.00%	Paid Off - 360	Dec-23-03
65757866 1			135,000.00	134,562.22	Aug-11-04	9.900%	RI - 60.00%	Paid Off - 360	Dec-29-03
65114589 1			242,000.00	239,862.86	Nov-18-04	6.750%	NY - 69.14%	Paid Off - 360	Dec-29-03
66030446 1			230,000.00	228,213.30	Sep-07-04	5.500%	CA - 68.05%	Paid Off - 360	Dec-30-03
65134066 1			203,150.00	201,879.33	Dec-01-04	8.500%	AZ - 85.00%	Paid Off - 360	Dec-31-03
66094624 1			322,699.00	321,152.61	Sep-03-04	8.000%	CA - 78.71%	Paid Off - 360	Dec-31-03
65136301 1			146,250.00	145,504.20	Nov-12-04	9.500%	CT - 75.00%	Paid Off - 360	Dec-22-03
49686009 2			87,500.00	87,105.20	Sep-09-04	10.990%	TX - 64.82%	Paid Off - 360	Jul-30-03
65138000 1			239,500.00	236,523.25	Nov-12-04	5.500%	CA - 81.19%	Paid Off - 360	Dec-23-03
50814177 2			136,000.00	135,319.25	Sep-08-04	10.500%	MA - 85.00%	Paid Off - 360	Jul-31-03
65158180 1			198,900.00	196,870.97	Nov-30-04	5.990%	CA - 90.00%	Paid Off - 360	Dec-31-03
51109361 2			175,000.00	174,025.15	Aug-12-04	9.990%	NJ - 66.04%	Paid Off - 360	Jul-31-03
65169443 1			167,250.00	166,303.03	Dec-01-04	8.990%	OR - 75.00%	Paid Off - 360	Dec-29-03
55875280 2			127,500.00	126,876.53	Aug-24-04	10.500%	WI - 72.86%	Paid Off - 360	Sep-24-03
65169849 1			315,001.00	312,723.16	Dec-01-04	7.850%	NV - 90.00%	Paid Off - 360	Dec-31-03
58747866 2			346,500.00	343,842.43	Sep-07-04	6.920%	CA - 90.00%	Paid Off - 360	Oct-20-03
65173585 1			215,000.00	212,906.46	Nov-23-04	6.250%	CA - 79.63%	Paid Off - 360	Dec-23-03
59922203 2			388,000.00	385,250.07	Aug-12-04	5.990%	CA - 80.00%	Paid Off - 360	Dec-30-03
65187148 1			97,000.00	96,259.51	Nov-30-04	7.500%	PA - 70.80%	Paid Off - 360	Dec-30-03
60440567 2			360,000.00	357,266.24	Aug-13-04	6.350%	NY - 73.47%	Paid Off - 360	Nov-28-03
65210544 1			100,000.00	98,517.39	Nov-19-04	7.500%	MI - 45.64%	Paid Off - 360	Dec-19-03
60511508 2			352,500.00	351,281.46	Aug-25-04	10.250%	CA - 75.00%	Paid Off - 360	Nov-28-03
65214249 1			185,758.00	183,814.55	Dec-09-04	5.990%	NH - 80.76%	Paid Off - 360	Dec-30-03
61059382 2			572,000.00	567,125.77	Sep-01-04	5.990%	CA - 76.27%	Paid Off - 360	Nov-25-03
65215741 1			116,000.00	114,762.37	Dec-09-04	5.750%	CT - 62.93%	Paid Off - 360	Dec-23-03
61734703 2			427,500.00	425,938.90	Aug-11-04	9.990%	NY - 75.00%	Paid Off - 360	Nov-12-03
65229742 1			115,000.00	114,398.56	Nov-19-04	9.500%	NH - 67.65%	Paid Off - 360	Dec-29-03
62321542 2			432,000.00	429,378.31	Sep-10-04	7.500%	CA - 90.00%	Paid Off - 360	Nov-18-03
65235228 1			160,000.00	158,871.40	Dec-02-04	7.900%	NH - 84.21%	Paid Off - 360	Dec-31-03
62376942 2			435,350.00	431,881.54	Aug-16-04	6.250%	CA - 88.85%	Paid Off - 360	Nov-13-03
65256307 1			162,500.00	160,921.38	Nov-24-04	6.250%	MA - 74.82%	Paid Off - 360	Dec-31-03
62548748 2			540,000.00	533,308.82	Aug-27-04	6.500%	NY - 90.00%	Paid Off - 360	Nov-28-03
65273369 1			216,000.00	213,800.67	Nov-26-04	6.000%	CA - 75.79%	Paid Off - 360	Dec-20-03
62729769 2			599,999.00	597,991.08	Sep-07-04	9.750%	CT - 78.95%	Paid Off - 360	Dec-29-03
65287807 1			220,164.00	217,223.71	Nov-29-04	5.990%	CA - 83.08%	Paid Off - 360	Dec-30-03
62826383 2			342,000.00	339,479.16	Aug-16-04	6.500%	CA - 90.00%	Paid Off - 360	Nov-21-03
65305203 1			245,000.00	243,543.21	Dec-10-04	8.750%	FL - 70.00%	Paid Off - 360	Dec-24-03
63315329 2			365,000.00	362,356.03	Aug-27-04	5.990%	CA - 67.84%	Paid Off - 360	Dec-30-03
65309544 1			234,000.00	230,959.75	Nov-16-04	6.150%	WI - 87.48%	Paid Off - 360	Dec-30-03
63462204 2			367,500.00	365,269.32	Aug-18-04	7.500%	CA - 75.00%	Paid Off - 360	Nov-28-03
65312423 1			147,250.00	141,837.29	Nov-12-04	6.990%	CO - 92.03%	Paid Off - 360	Dec-31-03
63501803 2			516,000.00	512,539.66	Sep-07-04	6.990%	NJ - 73.71%	Paid Off - 360	Nov-26-03
65317802 1			97,750.00	97,072.66	Nov-23-04	7.990%	FL - 81.46%	Paid Off - 360	Dec-18-03
63642565 2			145,000.00	144,488.89	Sep-02-04	10.500%	CA - 69.05%	Paid Off - 360	Dec-19-03
65328882 1			228,000.00	225,590.06	Dec-09-04	5.800%	CA - 57.24%	Paid Off - 360	Dec-18-03
63949101 2			414,000.00	411,206.91	Aug-31-04	6.250%	CA - 90.00%	Paid Off - 360	Dec-10-03
65337024 1			195,000.00	193,881.59	Nov-12-04	9.250%	CA - 66.10%	Paid Off - 360	Dec-29-03
63974745 2			273,354.45	271,954.10	Aug-13-04	9.100%	TX - 79.82%	Paid Off - 360	Dec-31-03
65356784 1			239,000.00	237,175.21	Nov-11-04	7.500%	CT - 86.91%	Paid Off - 360	Dec-26-03
64018203 2			517,500.00	514,310.09	Aug-18-04	7.500%	CA - 90.00%	Paid Off - 360	Dec-31-03
65358889 1			117,000.00	115,297.03	Nov-19-04	8.990%	AL - 90.00%	Paid Off - 360	Dec-23-03
64162662 2			351,000.00	348,889.78	Sep-02-04	6.850%	CA - 87.75%	Paid Off - 360	Dec-22-03
65362261 1			173,040.00	170,872.95	Dec-01-04	5.500%	WA - 80.00%	Paid Off - 360	Dec-26-03
64307283 2			112,500.00	112,164.73	Aug-31-04	10.300%	NY - 75.00%	Paid Off - 360	Dec-23-03
65364648 1			318,000.00	315,187.85	Nov-30-04	6.750%	CA - 89.58%	Paid Off - 360	Dec-26-03
64444300 2			369,000.00	366,384.79	Aug-27-04	5.990%	CA - 90.00%	Paid Off - 360	Dec-15-03
65368789 1			170,000.00	168,663.48	Dec-09-04	7.350%	CA - 48.57%	Paid Off - 360	Dec-24-03
64616303 2			360,000.00	357,684.49	Aug-23-04	6.500%	CA - 90.00%	Paid Off - 360	Dec-18-03
65391484 1			320,000.00	316,736.15	Dec-01-04	5.991%	CA - 68.09%	Paid Off - 360	Dec-30-03
64623622 2			60,000.00	59,845.66	Aug-20-04	10.990%	FL - 68.18%	Paid Off - 360	Dec-23-03
65472649 1			123,000.00	121,850.53	Dec-03-04	8.990%	CA - 75.00%	Paid Off - 360	Dec-30-03
64631989 2			510,000.00	508,377.23	Sep-01-04	9.990%	CA - 78.46%	Paid Off - 360	Dec-23-03
65491805 1			232,000.00	230,043.76	Nov-16-04	6.990%	CA - 80.00%	Paid Off - 360	Dec-22-03
64743321 2			466,500.00	463,352.65	Aug-12-04	6.250%	CA - 88.02%	Paid Off - 360	Dec-23-03
65504060 1			327,000.00	323,970.70	Dec-10-04	6.500%	NY - 84.06%	Paid Off - 360	Dec-31-03
64814445 2			371,000.00	368,197.35	Aug-27-04	5.650%	NY - 88.33%	Paid Off - 360	Dec-29-03
65507329 1			228,000.00	226,642.39	Dec-10-04	8.750%	MN - 80.00%	Paid Off - 360	Dec-29-03
64843865 2			60,000.00	59,046.14	Sep-08-04	10.950%	MO - 57.14%	Paid Off - 180	Dec-18-03
65509762 1			105,764.00	105,102.41	Dec-02-04	8.500%	TN - 68.90%	Paid Off - 360	Dec-31-03
64849888 2			401,000.00	399,262.91	Aug-25-04	8.500%	MA - 56.56%	Paid Off - 360	Dec-30-03
65529687 1			111,000.00	108,875.24	Dec-03-04	7.250%	MA - 44.40%	Paid Off - 240	Dec-29-03
64993728 2			355,000.00	352,367.88	Aug-23-04	5.750%	CA - 82.18%	Paid Off - 360	Dec-23-03
65554206 1			261,000.00	259,007.61	Nov-23-04	7.500%	CA - 87.00%	Paid Off - 360	Dec-29-03
65152480 2			60,000.00	59,897.34	Aug-20-04	12.850%	CA - 30.77%	Paid Off - 360	Dec-24-03
65562746 1			259,500.00	257,312.97	Dec-03-04	8.450%	CA - 75.00%	Paid Off - 360	Dec-30-03
65256489 2			63,750.00	63,587.18	Sep-01-04	11.990%	MO - 65.72%	Paid Off - 360	Dec-22-03
65565442 1			273,300.00	271,906.75	Dec-01-04	9.500%	MN - 80.74%	Paid Off - 360	Dec-23-03
65279408 2			457,500.00	455,616.66	Aug-17-04	8.750%	CA - 75.00%	Paid Off - 360	Dec-31-03
65581282 1			154,500.00	153,670.61	Dec-02-04	9.250%	IL - 75.00%	Paid Off - 360	Dec-30-03
65314163 2			60,600.00	60,449.46	Aug-31-04	11.150%	MO - 44.89%	Paid Off - 360	Dec-31-03
65628448 1			310,000.00	306,536.00	Nov-18-04	5.500%	CA - 84.93%	Paid Off - 360	Dec-26-03
65314304 2			217,000.00	216,330.23	Aug-30-04	10.150%	NY - 74.83%	Paid Off - 360	Dec-29-03
65631400 1			200,000.00	197,959.72	Nov-16-04	5.990%	MA - 59.77%	Paid Off - 360	Dec-30-03
65445520 2			414,000.00	412,012.19	Sep-02-04	7.990%	FL - 90.00%	Paid Off - 360	Dec-23-03
65645483 1			162,000.00	160,986.40	Nov-29-04	8.500%	IL - 90.00%	Paid Off - 360	Dec-31-03
65540122 2			595,000.00	592,767.18	Sep-02-04	9.200%	ME - 85.00%	Paid Off - 360	Dec-23-03
65699225 1			175,000.00	173,524.40	Nov-15-04	6.990%	MD - 71.69%	Paid Off - 360	Dec-30-03
65561144 2			415,000.00	411,540.56	Aug-25-04	5.500%	CA - 62.41%	Paid Off - 360	Dec-29-03
65724940 1			135,624.00	134,449.10	Dec-09-04	6.850%	GA - 87.50%	Paid Off - 360	Dec-29-03
65591661 2			187,500.00	186,935.30	Aug-19-04	10.250%	WI - 74.70%	Paid Off - 360	Dec-29-03
65814709 1			82,900.00	82,518.36	Dec-01-04	9.990%	MA - 78.21%	Paid Off - 360	Dec-31-03
65623100 2			435,000.00	432,454.96	Aug-25-04	6.990%	CA - 88.78%	Paid Off - 360	Dec-31-03
65908626 1			157,500.00	156,451.41	Nov-24-04	8.750%	MN - 75.00%	Paid Off - 360	Dec-29-03
65691081 2			378,000.00	376,787.03	Aug-31-04	9.950%	ME - 84.94%	Paid Off - 360	Dec-22-03
65938789 1			276,000.00	274,437.24	Dec-06-04	8.990%	CA - 64.94%	Paid Off - 360	Dec-31-03
65819369 2			520,000.00	516,655.40	Aug-25-04	6.500%	CA - 80.00%	Paid Off - 360	Dec-30-03
65975807 1			77,000.00	76,645.46	Dec-10-04	9.990%	FL - 74.04%	Paid Off - 360	Dec-31-03
					Page 23 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 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
65976086 2			180,000.00	179,365.30	Aug-26-04	9.500%	CO - 90.00%	Paid Off - 360	Dec-31-03
66143207 1			99,000.00	98,358.10	Nov-30-04	8.750%	MI - 41.25%	Paid Off - 360	Dec-31-03
65982407 2			159,000.00	158,345.44	Sep-02-04	8.750%	CA - 60.00%	Paid Off - 360	Dec-31-03
49800352 2			106,250.00	103,940.83	Nov-17-04	11.500%	NJ - 85.00%	Paid Off - 240	Jul-09-03
66055146 2			131,250.00	130,709.67	Aug-20-04	8.750%	CA - 72.92%	Paid Off - 360	Dec-31-03
51290435 2			82,800.00	82,240.99	Nov-23-04	10.200%	OH - 90.00%	Paid Off - 360	Jul-30-03
58708249 2			480,250.00	474,515.68	Nov-30-04	6.150%	CA - 85.00%	Paid Off - 360	Oct-15-03
59431320 2			543,750.00	537,438.02	Dec-10-04	6.300%	CA - 79.96%	Paid Off - 360	Oct-28-03
61211728 2			400,000.00	396,103.23	Nov-30-04	6.750%	CA - 80.00%	Paid Off - 360	Nov-20-03
61426383 2			398,000.00	394,808.22	Nov-11-04	7.750%	CA - 69.83%	Paid Off - 360	Nov-17-03
61437760 2			335,000.00	331,883.71	Dec-02-04	6.990%	CA - 83.75%	Paid Off - 360	Nov-14-03
61880407 2			382,500.00	379,964.63	Nov-26-04	8.990%	RI - 85.00%	Paid Off - 360	Nov-18-03
61998605 2			350,000.00	346,062.64	Nov-18-04	5.990%	CA - 82.35%	Paid Off - 360	Nov-28-03
62017348 2			361,250.00	358,878.49	Nov-16-04	8.750%	NJ - 85.00%	Paid Off - 360	Nov-20-03
62376405 2			508,000.00	503,720.83	Nov-24-04	7.500%	ME - 78.15%	Paid Off - 360	Nov-29-03
62756580 2			420,000.00	417,374.20	Dec-09-04	8.990%	CA - 74.34%	Paid Off - 360	Nov-26-03
62905682 2			360,000.00	357,026.44	Nov-30-04	7.600%	CA - 90.00%	Paid Off - 360	Nov-29-03
63064224 2			468,000.00	465,217.32	Nov-23-04	8.750%	CT - 78.00%	Paid Off - 360	Dec-17-03
63077069 2			378,000.00	374,137.61	Nov-12-04	6.500%	NJ - 90.00%	Paid Off - 360	Nov-26-03
63210264 2			382,000.00	378,096.77	Nov-17-04	6.500%	CA - 86.82%	Paid Off - 360	Nov-24-03
63737803 2			520,500.00	516,111.05	Nov-22-04	6.990%	CA - 89.74%	Paid Off - 360	Dec-05-03
63876221 2			143,500.00	142,906.66	Nov-29-04	10.500%	CA - 70.00%	Paid Off - 360	Dec-26-03
64081003 2			147,600.00	146,676.77	Nov-15-04	8.500%	MD - 90.00%	Paid Off - 360	Dec-31-03
64149925 2			350,000.00	347,187.53	Dec-03-04	7.250%	CA - 89.74%	Paid Off - 360	Dec-12-03
64596026 2			385,000.00	381,753.77	Nov-17-04	6.990%	CA - 68.75%	Paid Off - 360	Dec-26-03
64611965 2			62,625.00	62,074.77	Nov-17-04	11.500%	MI - 75.00%	Paid Off - 360	Dec-18-03
64713746 2			270,000.00	268,311.16	Dec-01-04	8.500%	CA - 79.41%	Paid Off - 360	Dec-22-03
64750680 2			450,500.00	447,821.33	Nov-30-04	8.750%	NY - 85.00%	Paid Off - 360	Dec-31-03
64780240 2			436,500.00	432,570.57	Nov-15-04	6.650%	CA - 90.00%	Paid Off - 360	Dec-24-03
64983588 2			243,750.00	242,918.74	Dec-03-04	11.400%	MA - 75.00%	Paid Off - 360	Dec-26-03
65151425 2			81,250.00	80,947.38	Dec-01-04	10.990%	FL - 65.00%	Paid Off - 360	Dec-31-03
65204265 2			370,000.00	366,405.79	Nov-18-04	6.250%	CA - 76.61%	Paid Off - 360	Dec-24-03
65234569 2			364,500.00	361,798.49	Dec-02-04	7.650%	AZ - 90.00%	Paid Off - 360	Dec-30-03
65311847 2			566,700.00	562,773.57	Nov-18-04	7.990%	CA - 89.95%	Paid Off - 360	Dec-31-03
65419228 2			120,200.00	119,839.35	Nov-19-04	11.990%	CA - 64.97%	Paid Off - 360	Dec-30-03
65548786 2			351,900.00	349,078.98	Dec-08-04	7.250%	CA - 90.00%	Paid Off - 360	Dec-30-03
65668063 2			348,000.00	344,449.99	Dec-02-04	5.990%	CA - 88.10%	Paid Off - 360	Dec-31-03
65673626 2			101,000.00	100,300.19	Dec-09-04	7.990%	CA - 84.87%	Paid Off - 360	Dec-31-03
65843005 2			333,900.00	331,084.56	Dec-02-04	6.990%	NV - 90.00%	Paid Off - 360	Dec-30-03
					Page 24 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-1	12	13
	Collateral Realized Loss/(Gain) Amount					-38,641.21	(154,~~485~~345.~~20)~~73	(192,~~485~~986.~~20)~~94
	Net Liquidation Proceeds					-32,998.33	~~136~~363,~~809~~316.4447	~~136~~396,~~809~~314.4480
	Cumulative
	Number of Loans Liquidated					12	58	610
	Collateral Realized Loss/(Gain) Amount					~~242~~38,884.9213	17152,~~363~~195.5260	17191,~~606~~079.4473
	Net Liquidation Proceeds					~~618~~33,617.7508	~~754~~1,~~392~~114,945.7212	~~755~~1,~~011~~148,562.4720
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage							0.~~0015~~0148%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 25 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.0004%	0.0206%	0.0105%
	3 Months Avg MDR					0.0001%	0.02%	0.02%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.0102%	0.01%
	CDR					0.0046%	0.1968%	0.1563%
	3 Months Avg CDR					0.0015%	0.2926%	0.2324%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.0005%	0.1418%	0.1115%
	SDA					02.0013%	13.2013%	02.9593%
	3 Months Avg SDA Approximation					0.0078%	21.1034%	1.6623%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.0137%	1.4942%	1.1820%
	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 26 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 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 27 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for September 27, 2004 Distribution
	Realized Loss Detail Report for December 27, 2004 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 1
Total Loan Count Current Losses = 3
Total Loan Count Revisions = 1						Loan Group 1 = Group 1
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 135,324.24						Loan Group 2 = Group 2
Total Prior Principal Balance = 489,301.74						Loan Group 2 = Group 2
Total Current Realized Loss Amount = -1,625.70
Total Current Realized Loss Amount = 92,986.94
Total Revisions Amount = 140.50
Total Revisions Amount = 0.00
Total Realized Loss Amount = -1,485.20
Total Realized Loss Amount = 92,986.94
Total Net Liquidation Proceeds = 136,809.44
Total Net Liquidation Proceeds = 396,314.80
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
61962502 1			8.500%	CO - 85.00%	360	135,324.24		(1,625.70)
62057583 1			7.750%	CO - 90.00%	360	219,174.08		54,857.81	54,857.81
65747222 1				WA - 90.00%	360		Revision	140.50
64416506 1		FCL	7.550%	MN - 78.43%	360	198,488.12		(512.08)	(512.08)
61133963 2			10.500%	TN - 80.00%	360	71,639.54		38,641.21	38,641.21
					Page 28 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 27, 2004 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))							35.1303%
	(x) 60+ Day Delinq. Loans (incl. FCLs, REOs & BKs)							3243,~~389~~665,~~474~~977.8858
	(y) Stated Principal Balance of the Mortgage Loans							1868,~~035~~323,~~506,525~~333.3902
	(B) 16.50%							16.5000%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.~~0015~~0148%
	(x) Aggregate Realized Losses to date							19192,~~232~~705.1443
	(y) Cut-off Date Principal Bal. of the Mortgage Loans							1,300,000,302.69
	(B) Applicable Percentage							100.0000%
	Credit Enhancement Percentage							1720.~~2621~~5964%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
				Page 29 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R1
	Mortgage Pass-Through Certificates
	Other Related Information for September 27, 2004 Distribution
	Other Related Information for December 27, 2004 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 M-7							0.00
	Net WAC Rate Carryover Amt: Class M-8							0.00
	Net WAC Rate Carryover Amt: Class M-9							0.00
	Net WAC Rate Carryover Amt: Class M-10							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
	Net WAC Rate Carryover Amt: Class M-7 Unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-8 Unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-9 Unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-10 Unpaid							0.00
				Page 30 of 30				© COPYRIGHT 2004 Deutsche Bank

Filing Compare · AMERIQUEST MORTGAGE SECURITIES INC ASSET BACK SER 2004-R1