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 April 1, 2004, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2004-R3) (Exact name of registrant as specified in charter) AMERIQUEST MORTGAGE SEC INC ASSET BAK PAS THE CERT SE 2004 R3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-105982-10 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 Registrant's Telephone Number, Including Area Code: (714) 564-0660 (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-R3
	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				1617
			10.	Prepayment Detail Report				1920
			11.	Realized Loss Report				2325
			12.	Realized Loss Detail Report				2628
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2729
			14.	Other Related Information				2830
				Total Number of Pages				2830
			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 Mortgage Corp					Cut-Off Date: April 1, 2004
	Certificate Insurer(s):							Closing Date: April 8, 2004
								First Payment Date: May 25, 2004
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer
								Distribution Date: September 27, 2004
								Distribution Date: December 27, 2004
	Underwriter(s):		Citigroup Lead Underwriter					Record Date: ~~September~~December 24, 2004
			Merrill Lynch & Co. Co-Lead Underwriter					~~August~~November 3130, 2004
						Page 1 of 28					© COPYRIGHT 2004 Deutsche Bank
						Page 1 of 30					© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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	497,740,000.00			~~447~~386,~~534~~281,~~257~~632.1306	~~804~~840,~~069~~103.8886	2024,~~364~~249,~~166~~080.0296	2125,~~168~~089,~~235~~184.9082	-	-	~~427~~362,~~170~~032,~~091~~551.1110
A-1B	FLT	55,305,000.00			4942,~~726~~920,~~528~~612.0949	8993,~~569~~530.9161	2,~~262~~694,~~707~~369.8440	2,~~352~~787,~~277~~900.7501	-	-	4740,~~463~~226,~~820~~243.2410
A-2	FLT	130,500,000.00			9154,~~137~~823,~~108~~076.7124	~~144~~108,~~110~~137.5580	1113,~~118~~153,~~139~~478.2519	1113,~~262~~261,~~249~~615.8099	-	-	8041,~~018~~669,~~969~~598.4605
A-3	FLT	69,900,000.00			69,900,000.00	~~117~~144,~~577~~497.6392	-	~~117~~144,~~577~~497.6392	-	-	69,900,000.00
A-4	FLT	51,555,000.00			51,555,000.00	97116,~~589~~785.3272	-	97116,~~589~~785.3272	-	-	51,555,000.00
M-1	MEZ, FLT	67,500,000.00			67,500,000.00	~~132~~156,~~103~~974.1312	-	~~132~~156,~~103~~974.1312	-	-	67,500,000.00
M-2	MEZ, FLT	52,500,000.00			52,500,000.00	~~133~~150,~~065~~572.6323	-	~~133~~150,~~065~~572.6323	-	-	52,500,000.00
M-3	MEZ, FLT	15,000,000.00			15,000,000.00	4146,~~456~~249.2580	-	4146,~~456~~249.2580	-	-	15,000,000.00
M-4	MEZ, FLT	11,000,000.00			11,000,000.00	3438,~~837~~084.9230	-	3438,~~837~~084.9230	-	-	11,000,000.00
M-5	MEZ, FLT	10,000,000.00			10,000,000.00	3134,~~304~~277.1765	-	3134,~~304~~277.1765	-	-	10,000,000.00
M-6	MEZ, FLT	10,500,000.00			10,500,000.00	4446,~~419~~841.3853	-	4446,~~419~~841.3853	-	-	10,500,000.00
M-7	MEZ, FLT	13,500,000.00			13,500,000.00	5054,~~923~~412.1332	-	5054,~~923~~412.1332	-	-	13,500,000.00
CE	EXE	15,000,482.74			15,000,008.74	32,~~773~~972,~~462~~272.6287	-	32,~~773~~972,~~462~~272.6287	-	-	15,000,008.74
P	SUB	100.00			100.00	~~695~~790,~~838~~011.3282	-	~~695~~790,~~838~~011.3282	-	-	100.00
R	R	-			-	-	-	-	-	-	-
Total		1,000,000,582.74			~~904~~800,~~853~~480,~~002~~429.6654	65,~~190~~592,~~327~~752.8455	3340,~~745~~096,~~013~~928.1155	3945,~~935~~689,~~340~~681.9510	-	-	~~871~~760,~~107~~383,~~989~~500.5599
	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	03072SRA5	497,740,000.00	~~899~~776.~~132594~~071106	1.~~615442~~687837	4048.~~913260~~718369	4250.~~528702~~406206	~~858~~727.~~219334~~352737
A-1B	0811/2526/04	0912/26/04		A-Act/360	03072SPY5	55,305,000.00	~~899~~776.~~132594~~071106	1.~~619563~~691178	4048.~~913260~~718369	4250.~~532823~~409547	~~858~~727.~~219334~~352737
A-2	0811/2526/04	0912/26/04		A-Act/360	03072SPZ2	130,500,000.00	~~698~~420.~~368649~~100201	10.~~104295~~828642	85100.~~196469~~792936	86101.~~300765~~621578	~~613~~319.~~172180~~307265
A-3	0811/2526/04	0912/26/04		A-Act/360	03072SQA6	69,900,000.00	1,000.000000	12.~~682083~~067209	-	12.~~682083~~067209	1,000.000000
A-4	0811/2526/04	0912/26/04		A-Act/360	03072SQB4	51,555,000.00	1,000.000000	12.~~892917~~265265	-	12.~~892917~~265265	1,000.000000
M-1	0811/2526/04	0912/26/04		A-Act/360	03072SQC2	67,500,000.00	1,000.000000	12.~~957083~~325543	-	12.~~957083~~325543	1,000.000000
M-2	0811/2526/04	0912/26/04		A-Act/360	03072SQD0	52,500,000.00	1,000.000000	2.~~534583~~868042	-	2.~~534583~~868042	1,000.000000
M-3	0811/2526/04	0912/26/04		A-Act/360	03072SQE8	15,000,000.00	1,000.000000	23.~~763750~~083320	-	23.~~763750~~083320	1,000.000000
M-4	0811/2526/04	0912/26/04		A-Act/360	03072SQF5	11,000,000.00	1,000.000000	3.~~167084~~462209	-	3.~~167084~~462209	1,000.000000
M-5	0811/2526/04	0912/26/04		A-Act/360	03072SQG3	10,000,000.00	1,000.000000	3.~~130417~~427765	-	3.~~130417~~427765	1,000.000000
M-6	0811/2526/04	0912/26/04		A-Act/360	03072SQH1	10,500,000.00	1,000.000000	4.~~230417~~461098	-	4.~~230417~~461098	1,000.000000
M-7	0811/2526/04	0912/26/04		A-Act/360	03072SRB3	13,500,000.00	1,000.000000	34.~~772084~~030542	-	34.~~772084~~030542	1,000.000000
CE	0811/2526/04	0912/26/04		F-30/360		15,000,482.74	999.968401	~~251~~198.~~556079~~145148	-	~~251~~198.~~556079~~145148	999.968401
P	0811/2526/04	0912/26/04		-		100.00	1,000.000000	67,~~958~~900,~~383~~118.200000	-	67,~~958~~900,~~383~~118.200000	1,000.000000
R	0811/2526/04	0912/26/04		-		-	-	-	-	-	-
							Page 2 of 28				© COPYRIGHT 2004 Deutsche Bank
							Page 2 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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	497,740,000.00		36,~~724~~115,~~574~~045.7879		68132,~~482~~371,~~230~~599.6396	23,~~087~~335,~~678~~848.2694	70135,~~569~~707,~~908~~448.8990	74141,~~294~~822,~~483~~494.6769	-	-	~~427~~362,~~170~~032,~~091~~551.1110
A-1B	55,305,000.00		~~415~~681,~~112~~293.7478		714,~~609~~708,~~213~~103.1730	~~231~~370,~~966~~653.5861	715,~~841~~078,~~179~~756.7690	815,~~256~~760,~~292~~050.5068	-	-	4740,~~463~~226,~~820~~243.2410
A-2	130,500,000.00		~~741~~1,~~149~~093,411.0948		4886,~~910~~521,~~678~~268.5513	12,~~570~~309,~~351~~133.9982	5088,~~481~~830,~~030~~401.5495	5189,~~222~~923,~~179~~813.6343	-	-	8041,~~018~~669,~~969~~598.4605
A-3	69,900,000.00		~~506~~896,~~260~~495.4671		-	-	-	~~506~~896,~~260~~495.4671	-	-	69,900,000.00
A-4	51,555,000.00		~~430~~747,~~047~~840.4639		-	-	-	~~430~~747,~~047~~840.4639	-	-	51,555,000.00
M-1	67,500,000.00		~~585~~1,~~628~~013,652.1325		-	-	-	~~585~~1,~~628~~013,652.1325	-	-	67,500,000.00
M-2	52,500,000.00		~~613~~1,~~513~~030,027.5545		-	-	-	~~613~~1,~~513~~030,027.5545	-	-	52,500,000.00
M-3	15,000,000.00		~~193~~321,~~206~~689.2538		-	-	-	~~193~~321,~~206~~689.2538	-	-	15,000,000.00
M-4	11,000,000.00		~~164~~271,~~809~~264.0344		-	-	-	~~164~~271,~~809~~264.0344	-	-	11,000,000.00
M-5	10,000,000.00		~~147~~243,~~915~~681.2781		-	-	-	~~147~~243,~~915~~681.2781	-	-	10,000,000.00
M-6	10,500,000.00		~~215~~347,~~511~~915.0592		-	-	-	~~215~~347,~~511~~915.0592	-	-	10,500,000.00
M-7	13,500,000.00		~~244~~398,~~835~~007.6395		-	-	-	~~244~~398,~~835~~007.6395	-	-	13,500,000.00
CE	15,000,482.74		2131,~~191~~101,~~599~~540.0948		452.97	21.03	474.00	2131,~~192~~102,~~073~~014.0948	-	-	15,000,008.74
P	100.00		24,~~292~~623,~~687~~047.5470		-	-	-	24,~~292~~623,~~687~~047.5470	-	-	100.00
R	-		0.01		-	-	-	0.01	-	-	-
Total	1,000,000,582.74		3148,~~466~~884,~~850~~914.0854		~~125~~233,~~002~~601,~~575~~424.3335	36,~~890~~015,~~017~~657.8640	~~128~~239,~~892~~617,~~593~~081.1975	~~160~~288,~~359~~501,~~443~~996.2729	-	-	~~871~~760,~~107~~383,~~989~~500.5599
	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.~~96000~~52563%	~~447~~386,~~534~~281,~~257~~632.1306			~~804~~840,~~069~~103.8886	-	-	-	~~804~~840,~~069~~103.8886	~~804~~840,~~069~~103.8886	-
A-1B	12.~~96500~~53063%	4942,~~726~~920,~~528~~612.0949			8993,~~569~~530.9161	-	-	-	8993,~~569~~530.9161	8993,~~569~~530.9161	-
A-2	12.~~72500~~29063%	9154,~~137~~823,~~108~~076.7124			~~144~~108,~~110~~137.5580	-	-	-	~~144~~108,~~110~~137.5580	~~144~~108,~~110~~137.5580	-
A-3	12.~~83500~~40063%	69,900,000.00			~~117~~144,~~577~~497.6392	-	-	-	~~117~~144,~~577~~497.6392	~~117~~144,~~577~~497.6392	-
A-4	2.~~06500~~63063%	51,555,000.00			97116,~~589~~785.3272	-	-	-	97116,~~589~~785.3272	97116,~~589~~785.3272	-
M-1	2.~~13500~~70063%	67,500,000.00			~~132~~156,~~103~~974.1312	-	-	-	~~132~~156,~~103~~974.1312	~~132~~156,~~103~~974.1312	-
M-2	23.~~76500~~33063%	52,500,000.00			~~133~~150,~~065~~572.6323	-	-	-	~~133~~150,~~065~~572.6323	~~133~~150,~~065~~572.6323	-
M-3	3.~~01500~~58063%	15,000,000.00			4146,~~456~~249.2580	-	-	-	4146,~~456~~249.2580	4146,~~456~~249.2580	-
M-4	34.~~45500~~02063%	11,000,000.00			3438,~~837~~084.9230	-	-	-	3438,~~837~~084.9230	3438,~~837~~084.9230	-
M-5	3.~~41500~~98063%	10,000,000.00			3134,~~304~~277.1765	-	-	-	3134,~~304~~277.1765	3134,~~304~~277.1765	-
M-6	45.~~61500~~18063%	10,500,000.00			4446,~~419~~841.3853	-	-	-	4446,~~419~~841.3853	4446,~~419~~841.3853	-
M-7	4.~~11500~~68063%	13,500,000.00			5054,~~923~~412.1332	-	-	-	5054,~~923~~412.1332	5054,~~923~~412.1332	-
CE	54.~~00430~~45575%	15,000,008.74			32,~~773~~972,~~462~~272.6287	-	-	-	32,~~773~~972,~~462~~272.6287	32,~~773~~972,~~462~~272.6287	-
P		100.00			~~695~~790,~~838~~011.3282	-	-	-	~~695~~790,~~838~~011.3282	~~695~~790,~~838~~011.3282	-
R		-			-	-	-	-	-	-	-
Total		~~904~~800,~~853~~480,~~002~~429.6654			65,~~190~~592,~~327~~752.8455	-	-	-	65,~~190~~592,~~327~~752.8455	65,~~190~~592,~~327~~752.8455	-
							Page 3 of 28				© COPYRIGHT 2004 Deutsche Bank
							Page 3 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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					1113,~~118~~153,~~139~~474.2591	2226,~~626~~943,~~873~~443.8664	3340,~~745~~096,~~013~~918.1155
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					1113,~~118~~153,~~139~~474.2591	2226,~~626~~943,~~873~~443.8664	3340,~~745~~096,~~013~~918.1155
	Interest Collections					1,~~699~~445,~~021~~465.6636	3,~~859~~411,~~352~~341.5813	54,~~558~~856,~~374~~806.2449
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(1714,~~865~~534.5333)	(4639,~~019~~521.1943)	(6354,~~884~~055.7276)
	TOTAL NET INTEREST					1,~~681~~430,~~156~~931.1303	3,~~813~~371,~~333~~819.3970	54,~~494~~802,~~489~~750.5273
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					1214,~~799~~584,~~295~~405.3894	2630,~~440~~315,~~207~~263.2534	3944,~~239~~899,~~502~~669.6328
	Prepayment Penalties Collected							~~695~~790,~~838~~011.3282
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							3945,~~935~~689,~~340~~681.9510
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~214~~193,~~563~~061.0676	~~535~~491,~~530~~033.0018	~~750~~684,~~093~~094.0694
	Prepayments In Full					1112,~~168~~949,~~921~~789.1463	2226,~~160~~426,~~366~~263.2285	3339,~~329~~376,~~287~~053.3648
	Curtailments					~~(265~~10,~~344~~633.~~95)~~52	~~(69~~26,~~022~~146.~~36)~~61	~~(334~~36,~~367~~780.~~31)~~13
	Liquidations					0.00	0.00	0.00
	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(10.00)	0.00	0(10.00)
	Delinquent Principal					(~~182~~166,~~578~~911.8170)	(~~443~~417,~~437~~022.2442)	(~~626~~583,~~016~~934.0512)
	Advanced Principal					~~182~~166,~~578~~911.8170	~~443~~417,~~437~~022.2442	~~626~~583,~~016~~934.0512
	TOTAL PRINCIPAL COLLECTED					1113,~~118~~153,~~139~~474.2591	2226,~~626~~943,~~873~~443.8664	3340,~~745~~096,~~013~~918.1155
				Page 4 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 4 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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,~~795~~530,~~668~~241.0863	43,~~077~~607,~~502~~508.4469	5,~~873~~137,~~170~~750.5232
	Liquidation Interest					0.00	0.00	0.00
	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					(1,~~529~~323,~~767~~925.4964)	(3,~~410~~045,~~758~~510.7254)	(4,~~940~~369,~~526~~436.2118)
	Interest Advanced					1,~~433~~239,~~121~~149.0737	32,~~192~~849,~~608~~341.8649	4,~~625~~088,~~729~~490.9386
	TOTAL INTEREST COLLECTED					1,699,021.66	3,859,352.58	5,558,374.24
	Reserve Fund interest earnings					0.00	1.49	1.49
				Page 5 of 28				© COPYRIGHT 2004 Deutsche Bank
	TOTAL INTEREST COLLECTED					1,445,465.36	3,411,341.13	4,856,806.49
				Page 5 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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					1714,~~363~~099.8828	4438,~~861~~488.9493	6252,~~225~~588.8221
	Trustee Fees					~~501~~435.6505	1,~~157~~032.2550	1,~~658~~467.9055
	PMI Insurance Fees					(0.00)	(0.00)	(0.00)
	TOTAL INTEREST OTHER FEES					1714,~~865~~534.5333	4639,~~019~~521.1943	6354,~~884~~055.7276
				Page 6 of 28				© COPYRIGHT 2004 Deutsche Bank
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	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
	Begining Overcollateralized Amount							1514,~~000~~999,~~008~~998.74
	Overcollateralization Target Amount							15,000,008.74
	Overcollateralization Increase Amount							010.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralized Amount							15,000,008.74
				Page 7 of 28				© COPYRIGHT 2004 Deutsche Bank
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	Collateral Report for December 27, 2004 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1346	4782	6128
	Prior					1,~~192~~041	4,~~465~~065	5,~~657~~106
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(4953)	(~~131~~164)	(~~180~~217)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~1,144~~988	43,~~335~~901	54,~~479~~889
	Principal Balance:
	Original					312,987,815.69	687,012,767.05	1,000,000,582.74
	Prior					~~273~~237,~~624~~301,~~712~~303.4318	~~631~~563,~~228~~179,~~290~~126.2336	~~904~~800,~~853~~480,~~002~~429.6654
	Prefunding					-	-	-
	Scheduled Principal					(~~214~~193,~~563~~061.0676)	(~~535~~491,~~530~~033.0018)	(~~750~~684,~~093~~094.0694)
	Partial and Full Voluntary Prepayments					(1012,~~903~~960,~~576~~423.1915)	(2226,~~091~~452,~~343~~410.8646)	(3239,~~994~~412,~~920~~833.0561)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~262~~224,~~506~~147,~~573~~818.1827	~~608~~536,~~601~~235,~~416~~682.3772	~~871~~760,~~107~~383,~~989~~500.5599
PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 28				© COPYRIGHT 2004 Deutsche Bank
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	Collateral Report for December 27, 2004 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.999641%	7.806117%	7.866687%
	Weighted Average Coupon Prior					7.~~895002~~782714%	7.~~769699~~703688%	7.~~807560~~727314%
	Weighted Average Coupon Current					7.~~875026~~738221%	7.~~751558~~686738%	7.~~788895~~702000%
	Weighted Average Months to Maturity Original					354	349	351
	Weighted Average Months to Maturity Prior					~~351~~348	~~346~~342	~~348~~344
	Weighted Average Months to Maturity Current					~~350~~346	~~344~~341	~~346~~342
	Weighted Avg Remaining Amortization Term Original					354	349	350
	Weighted Avg Remaining Amortization Term Prior					~~350~~347	~~345~~342	~~347~~343
	Weighted Avg Remaining Amortization Term Current					~~349~~346	~~344~~340	~~346~~342
	Weighted Average Seasoning Original					2.65	2.76	2.73
	Weighted Average Seasoning Prior					58.5958	58.7067	58.6764
	Weighted Average Seasoning Current					69.6056	69.6966	69.6663
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 28				© COPYRIGHT 2004 Deutsche Bank
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	Collateral Report for December 27, 2004 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.999%	3.952%
	Weighted Average Margin Prior					3.~~830~~656%	3.~~902~~747%
	Weighted Average Margin Current					3.~~764~~571%	3.~~859~~694%
	Weighted Average Max Rate Original					9.752%	9.333%
	Weighted Average Max Rate Prior					11.~~619~~340%	11.~~618~~408%
	Weighted Average Max Rate Current					11.~~517~~219%	11.~~559~~343%
	Weighted Average Min Rate Original					5.854%	5.432%
	Weighted Average Min Rate Prior					5.~~583~~302%	5.~~348~~126%
	Weighted Average Min Rate Current					5.~~480~~177%	5.~~286~~059%
	Weighted Average Cap Up Original					0.650%	0.650%
	Weighted Average Cap Up Prior					0.~~622~~594%	0.~~642~~618%
	Weighted Average Cap Up Current					0.~~611~~581%	0.~~636~~610%
	Weighted Average Cap Down Original					0.650%	0.650%
	Weighted Average Cap Down Prior					0.~~622~~594%	0.~~642~~618%
	Weighted Average Cap Down Current					0.~~611~~581%	0.~~636~~610%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					1714,~~363~~099.8828	4438,~~861~~488.9493	6252,~~225~~588.8221
	Delinquent Servicing Fees					9684,~~646~~776.4127	~~218~~196,~~149~~169.8504	~~314~~280,~~796~~945.2631
	TOTAL SERVICING FEES					~~114~~98,~~010~~875.2955	~~263~~234,~~011~~657.7997	~~377~~333,~~022~~533.0852
	Prepayment Interest Shortfall					6,~~346~~859.6889	1720,~~120~~358.2158	2327,~~466~~218.8947
	Compensating Interest					(6,~~346~~859.6889)	(1720,~~120~~358.2158)	(2327,~~466~~218.8947)
	Delinquent Servicing Fees					(9684,~~646~~776.4127)	(~~218~~196,~~149~~169.8504)	(~~314~~280,~~796~~945.2631)
	COLLECTED SERVICING FEES					1714,~~363~~099.8828	4438,~~861~~488.9493	6252,~~225~~588.8221
	Aggregate Advances with respect to this Distribution					1,~~615~~406,~~699~~061.8807	3,~~636~~266,~~046~~363.1091	54,~~251~~672,~~745~~424.98
	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 28				© COPYRIGHT 2004 Deutsche Bank
				Page 10 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
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	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1315,~~340~~605,~~479~~078.5595	79,~~763~~253,~~221~~791.7721	58,~~996~~999,~~830~~453.1003	2733,~~100~~858,~~531~~323.4219
		% Balance			12.5305%	01.8922%	01.6918%	34.1145%
		# Loans			99130	5477	3867	~~191~~274
		% # Loans			12.8166%	01.9957%	01.6937%	35.4960%
FORECLOSURE		Balance		-	-	-	618,~~522~~129,~~783~~431.4032	618,~~522~~129,~~783~~431.4032
		% Balance		0.00%	0.00%	0.00%	02.7538%	02.7538%
		# Loans		-	-	-	35114	35114
		% # Loans		0.00%	0.00%	0.00%	02.6433%	02.6433%
BANKRUPTCY		Balance		24,~~537~~497,~~094~~368.5500	~~204~~308,~~725~~220.3860	~~343~~560,~~930~~471.5890	~~324~~2,~~795~~839,886.1575	38,~~410~~205,~~545~~947.6625
		% Balance		0.2959%	0.0204%	0.0407%	0.0437%	01.3908%
		# Loans		1928	2	45	420	2955
		% # Loans		0.3557%	0.04%	0.0710%	0.0741%	01.5312%
REO		Balance		-	-	-	-856,030.94	-856,030.94
		% Balance		0.00%	0.00%	0.00%	0.0011%	0.0011%
		# Loans		-	-	-	-7	-7
		% # Loans		0.00%	0.00%	0.00%	0.0014%	0.0014%
TOTAL		Balance		24,~~537~~497,~~094~~368.5500	1315,~~545~~913,~~204~~299.9355	89,~~107~~814,~~152~~263.3511	1230,~~844~~824,~~408~~802.6504	3761,~~033~~049,~~860~~732.4870
		% Balance		0.2959%	12.5509%	01.9329%	14.4705%	48.2503%
		# Loans		1928	~~101~~132	5882	77208	~~255~~450
		% # Loans		0.3557%	12.8470%	1.0668%	14.4125%	49.6520%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 11 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
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	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			810,~~361~~937,~~740~~340.3675	36,~~960~~968,~~547~~016.8547	35,~~474~~518,~~686~~128.6615	1523,~~796~~423,~~974~~485.8737
		% Balance			12.3704%	01.6530%	01.5703%	24.6037%
		# Loans			6591	3558	2748	~~127~~197
		% # Loans			12.5033%	01.8149%	01.6223%	25.9305%
FORECLOSURE		Balance		-	-	-	310,~~229~~667,~~631~~360.8550	310,~~229~~667,~~631~~360.8550
		% Balance		0.00%	0.00%	0.00%	01.5399%	01.5399%
		# Loans		-	-	-	2079	2079
		% # Loans		0.00%	0.00%	0.00%	02.4603%	02.4603%
BANKRUPTCY		Balance		12,~~347~~969,~~863~~816.1941	~~204~~308,~~725~~220.3860	~~193~~397,~~728~~386.4430	~~324~~1,~~795~~493,249.1504	25,~~071~~168,~~112~~672.1635
		% Balance		0.2255%	0.0306%	0.0307%	0.0528%	0.3496%
		# Loans		1120	2	23	413	1938
		% # Loans		0.2551%	0.05%	0.0508%	0.0933%	0.4497%
REO		Balance		-	-	-	-470,772.44	-470,772.44
		% Balance		0.00%	0.00%	0.00%	0.0009%	0.0009%
		# Loans		-	-	-	-4	-4
		% # Loans		0.00%	0.00%	0.00%	0.0010%	0.0010%
TOTAL		Balance		12,~~347~~969,~~863~~816.1941	811,~~566~~245,~~465~~561.7435	47,~~154~~365,~~276~~402.2977	718,~~029~~149,~~113~~510.6613	2139,~~097~~730,~~718~~290.8866
		% Balance		0.2255%	12.4110%	01.6837%	13.1538%	37.4741%
		# Loans		1120	6793	3761	51144	~~166~~318
		% # Loans		0.2551%	12.5538%	01.8556%	13.1869%	38.8315%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 12 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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			4,~~978~~667,~~739~~738.1920	32,~~802~~285,~~673~~774.9274	23,~~522~~481,~~143~~324.4488	1110,~~303~~434,~~556~~837.5582
		% Balance			12.9008%	1.4502%	01.9655%	4.3166%
		# Loans			3439	19	1119	6477
		% # Loans			23.9795%	1.6692%	01.9692%	57.5979%
FORECLOSURE		Balance		-	-	-	37,~~293~~462,~~151~~070.5582	37,~~293~~462,~~151~~070.5582
		% Balance		0.00%	0.00%	0.00%	13.2533%	13.2533%
		# Loans		-	-	-	1535	1535
		% # Loans		0.00%	0.00%	0.00%	13.3154%	13.3154%
BANKRUPTCY		Balance		1,~~189~~527,~~231~~551.3659	-	~~150~~163,~~202~~085.1460	-1,346,637.71	13,~~339~~037,~~433~~274.5090
		% Balance		0.4568%	0.00%	0.0607%	0.0060%	01.5136%
		# Loans		8	-	2	-7	1017
		% # Loans		0.7081%	0.00%	0.1720%	0.0071%	01.8772%
REO		Balance		-	-	-	-385,258.50	-385,258.50
		% Balance		0.00%	0.00%	0.00%	0.0017%	0.0017%
		# Loans		-	-	-	-3	-3
		% # Loans		0.00%	0.00%	0.00%	0.0030%	0.0030%
TOTAL		Balance		1,~~189~~527,~~231~~551.3659	4,~~978~~667,~~739~~738.1920	32,~~952~~448,~~876~~860.0634	512,~~815~~675,~~294~~291.9991	1521,~~936~~319,~~141~~442.6004
		% Balance		0.4568%	12.9008%	1.5109%	25.2265%	69.0751%
		# Loans		8	3439	21	2664	89132
		% # Loans		0.7081%	23.9795%	12.8413%	26.2748%	713.7836%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 13 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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 = 0				Loan Group 1 = Group 1; REO Book Value = 000.00
Total Loan Count = 4				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2; REO Book Value = 000.00
Total Original Principal Balance = 494,900.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 000.00
Total Current Balance = 492,580.93
REO Book Value = 000.00
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
SPACE INTENTIONALLY LEFT BLANK
70491485 1		144,000.00	142,901.92	Apr-01-04	6.950%	CO - 82.29%	360	Feb-27-04
				Page 14 of 28				© COPYRIGHT 2004 Deutsche Bank
71084842 1		116,250.00	115,927.98	Mar-01-04	11.850%	NC - 75.00%	360	Feb-29-04
70737721 2		108,000.00	107,545.92	May-01-04	9.900%	AL - 80.00%	360	Feb-24-04
70840442 2		126,650.00	126,205.11	May-01-04	10.750%	GA - 85.00%	360	Feb-28-04
				Page 14 of 30				© COPYRIGHT 2004 Deutsche Bank
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	Foreclosure Report for December 27, 2004 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 24				Loan Group 1 = Group 1
Total Loan Count = 45				Loan Group 1 = Group 1
Total Original Principal Balance = 3,862,401.00				Loan Group 2 = Group 2
Total Original Principal Balance = 6,426,903.00				Loan Group 2 = Group 2
Total Current Balance = 3,845,571.87
Total Current Balance = 6,391,453.31
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
54598123 1		350,000.00	347,070.39	Apr-01-04	7.990%	CA - 74.47%	360	Sep-09-03
56370240 1		78,300.00	77,508.65	Jul-01-04	9.750%	MD - 90.00%	360	Sep-22-03
55287643 1		175,500.00	174,774.44	Mar-01-04	10.500%	NJ - 90.00%	360	Oct-28-03
57648446 1		60,000.00	59,762.35	May-01-04	11.990%	OK - 65.22%	360	Oct-20-03
66226523 1		130,500.00	129,829.42	Apr-01-04	7.990%	ND - 90.00%	360	Jan-30-04
60812526 1		100,000.00	99,442.86	Jul-01-04	9.990%	OK - 74.07%	360	Nov-28-03
66728544 1		110,700.00	110,366.74	Apr-01-04	9.500%	GA - 90.00%	360	Feb-12-04
61057865 1		97,500.00	97,056.78	Jun-01-04	10.050%	AL - 75.00%	360	Jan-15-04
66935487 1		90,000.00	89,454.61	Mar-01-04	5.990%	MO - 90.00%	360	Feb-27-04
61320941 1		238,500.00	237,149.62	Jun-01-04	8.990%	FL - 90.00%	360	Jan-29-04
67953661 1		225,000.00	223,982.29	Apr-01-04	7.500%	CA - 86.54%	360	Feb-25-04
64128788 1		81,900.00	81,334.36	Jul-01-04	8.500%	OH - 90.00%	360	Dec-29-03
68375963 1		157,501.00	157,247.20	Apr-01-04	12.400%	GA - 72.25%	360	Feb-13-04
64974009 1		131,250.00	130,650.15	May-01-04	9.500%	IN - 75.00%	360	Feb-06-04
69102887 1		81,000.00	80,779.97	Mar-01-04	9.990%	MA - 74.65%	360	Feb-17-04
65790800 1		60,000.00	59,734.44	Jul-01-04	10.250%	TX - 75.00%	360	Feb-17-04
70033287 1		66,000.00	65,860.10	Mar-01-04	11.150%	NC - 75.00%	360	Feb-26-04
66617168 1		116,100.00	115,520.23	May-01-04	9.600%	MO - 90.00%	360	Jan-26-04
70084942 1		169,150.00	168,583.92	Mar-01-04	8.990%	MN - 85.00%	360	Feb-25-04
66818360 1		155,000.00	153,914.81	Jul-01-04	7.990%	CA - 73.81%	360	Jan-30-04
70491485 1		144,000.00	143,274.31	Apr-01-04	6.950%	CO - 82.29%	360	Feb-27-04
66957887 1		140,625.00	139,998.96	May-01-04	10.150%	AL - 72.49%	360	Jan-30-04
70549480 1		129,000.00	128,527.53	Mar-01-04	8.550%	IL - 73.71%	360	Feb-23-04
67088443 1		82,450.00	82,086.54	Jun-01-04	10.200%	FL - 83.28%	360	Jan-29-04
71084842 1		116,250.00	116,038.50	Mar-01-04	11.850%	NC - 75.00%	360	Feb-29-04
67089243 1		273,000.00	271,692.37	Jul-01-04	9.800%	NY - 60.00%	360	Jan-23-04
71633465 1		245,000.00	244,156.14	Apr-01-04	8.850%	CA - 70.00%	360	Feb-27-04
67181883 1		112,000.00	111,255.28	Apr-01-04	7.650%	FL - 89.60%	360	Feb-03-04
56015522 2		60,900.00	59,209.57	Mar-01-04	10.500%	IN - 70.00%	360	Sep-15-03
67350900 1		74,800.00	74,521.34	Jul-01-04	10.990%	MO - 79.57%	360	Jan-29-04
57638041 2		119,000.00	118,500.62	Apr-01-04	10.900%	MO - 85.00%	360	Sep-30-03
67610949 1		93,750.00	93,189.05	Jul-01-04	9.500%	MI - 75.06%	360	Jan-28-04
65669707 2		152,150.00	151,706.08	Mar-01-04	10.400%	MN - 85.00%	360	Jan-07-04
67838789 1		63,750.00	63,456.46	Jun-01-04	9.990%	FL - 85.00%	360	Jan-29-04
65793341 2		463,000.00	460,745.88	Apr-01-04	8.600%	MA - 83.57%	360	Dec-31-03
68015122 1		60,000.00	59,697.97	Jun-01-04	10.990%	AL - 82.19%	360	Jan-30-04
69613347 2		243,750.00	243,267.52	Mar-01-04	10.600%	FL - 75.00%	360	Feb-18-04
68080746 1		290,000.00	288,527.80	Jun-01-04	8.990%	FL - 70.05%	360	Feb-26-04
69759389 2		119,000.00	118,766.26	Apr-01-04	11.500%	CA - 85.00%	360	Feb-27-04
68546209 1		87,300.00	86,419.38	Jul-01-04	6.050%	OH - 90.00%	360	Jan-31-04
69830008 2		60,000.00	59,821.22	Mar-01-04	9.550%	FL - 58.82%	360	Feb-24-04
69190064 1		131,750.00	131,047.53	Jun-01-04	8.750%	MD - 85.00%	360	Feb-28-04
70426044 2		60,000.00	59,888.39	Mar-01-04	11.750%	FL - 75.00%	360	Feb-25-04
69324804 1		135,150.00	134,309.99	Jul-01-04	7.990%	MI - 85.00%	360	Feb-09-04
71462402 2		60,000.00	59,837.04	Apr-01-04	9.990%	MI - 42.86%	360	Feb-28-04
69335925 1		140,000.00	138,099.72	May-01-04	9.990%	FL - 69.65%	360	Feb-13-04
74502469 2		335,000.00	333,883.73	Apr-01-04	8.100%	CT - 82.72%	360	Mar-30-04
69396182 1		225,250.00	224,252.23	Jul-01-04	9.650%	RI - 85.00%	360	Feb-27-04
				Page 15 of 28				© COPYRIGHT 2004 Deutsche Bank
69490506 1		100,000.00	99,194.47	Jul-01-04	6.750%	MO - 80.00%	360	Feb-26-04
69676328 1		257,128.00	255,714.58	Jul-01-04	8.600%	GA - 83.76%	360	Feb-13-04
69699940 1		95,200.00	94,681.99	Jun-01-04	8.650%	PA - 85.00%	360	Feb-24-04
70301668 1		96,000.00	95,540.50	May-01-04	9.350%	TX - 80.00%	360	Feb-28-04
70329685 1		156,000.00	155,030.45	Jul-01-04	7.990%	MI - 65.00%	360	Feb-24-04
70405386 1		68,000.00	67,693.86	Jul-01-04	9.800%	CO - 74.73%	360	Feb-26-04
70943840 1		112,000.00	111,431.36	May-01-04	8.990%	FL - 74.67%	360	Feb-28-04
71495287 1		85,500.00	85,193.19	Jul-01-04	10.650%	AL - 90.00%	360	Feb-28-04
71599567 1		213,750.00	212,981.45	Apr-01-04	10.650%	FL - 75.00%	360	Feb-27-04
75097964 1		96,000.00	95,612.61	Jul-01-04	11.150%	MI - 75.00%	360	Mar-31-04
55093207 2		326,250.00	324,381.36	Jun-01-04	10.990%	FL - 75.00%	360	Sep-30-03
58332362 2		440,000.00	436,198.14	Mar-01-04	8.250%	NY - 70.97%	360	Oct-30-03
59206664 2		73,950.00	73,606.50	May-01-04	11.250%	IN - 84.03%	360	Oct-21-03
61641346 2		168,750.00	167,905.31	Apr-01-04	10.500%	MI - 75.00%	360	Nov-24-03
66370040 2		77,000.00	76,645.46	Jul-01-04	9.990%	KS - 70.00%	360	Jan-21-04
67314120 2		400,500.00	398,847.72	Jul-01-04	9.990%	CT - 90.00%	360	Feb-11-04
68204064 2		60,000.00	59,711.98	Apr-01-04	11.250%	LA - 80.00%	360	Jan-29-04
68344365 2		157,500.00	156,734.14	Jul-01-04	9.200%	MA - 90.00%	360	Feb-27-04
69036366 2		244,000.00	243,178.85	May-01-04	10.950%	TX - 80.00%	360	Feb-27-04
70506100 2		76,500.00	76,294.47	May-01-04	11.990%	NC - 75.00%	360	Feb-28-04
				Page 15 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Foreclosure Report for December 27, 2004 Distribution
	Foreclosure Report - Mortage Loans that Become Foreclosure 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
70789789 2		94,500.00	94,246.05	Jun-01-04	11.990%	FL - 75.00%	360	Feb-27-04
				Page 16 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	Mortgage Pass-Through Certificates
	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					4953	~~131~~164	~~180~~217
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					4953	~~131~~164	~~180~~217
	Paid in Full Balance					1112,~~168~~949,~~921~~789.1463	2226,~~160~~426,~~366~~263.2285	3339,~~329~~376,~~287~~053.3648
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					~~(265~~10,~~344~~633.~~95)~~52	~~(69~~26,~~022~~146.~~36)~~61	~~(334~~36,~~367~~780.~~31)~~13
	Total Prepayment Amount					1012,~~903~~960,~~576~~423.1915	2226,~~091~~452,~~343~~410.8646	3239,~~994~~412,~~920~~833.0561
	Cumulative
	Number of Paid in Full Loans					~~192~~347	~~425~~859	~~617~~1,206
	Number of Repurchased Loans					12	23	35
	Total Number of Loans Prepaid in Full					~~204~~359	~~448~~882	~~652~~1,241
	Paid in Full Balance					4784,~~114~~716,~~580~~046.4441	72143,~~781~~520,~~714~~700.6137	~~119~~228,~~896~~236,~~295~~746.0578
	Repurchased Loans Balance					2,583,550.30	2,764,024.52	5,347,574.82
	Curtailments Amount					(~~342~~305,~~482~~526.0004)	~~101~~204,~~187~~176.4608	(~~241~~101,~~294~~349.5496)
	Total Prepayment Amount					4986,~~355~~994,~~648~~070.7467	75146,~~646~~488,~~926~~900.5997	~~125~~233,~~002~~482,~~575~~971.3364
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 17 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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					35.9947%	34.5070%	34.6593%
	3 Months Avg SMM					35.5304%	24.8605%	34.0634%
	12 Months Avg SMM
	Avg SMM Since Cut-off					34.3801%	2.3197%	23.6428%
	CPR					3849.6406%	3443.8189%	3545.9947%
	3 Months Avg CPR					3546.0622%	~~29.~~39.10%	3141.1632%
	12 Months Avg CPR
	Avg CPR Since Cut-off					3338.8378%	2430.4834%	2733.4902%
	PSA					~~2928~~2566.8250%	~~2602~~2272.1032%	~~2701~~2361.5936%
	3 Months Avg PSA Approximation					~~3132~~2695.1161%	~~2574~~2254.8460%	~~2746~~2390.0937%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~3664~~3178.2260%	~~2591~~2444.1169%	~~2929~~2674.3539%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 18 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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 28				© COPYRIGHT 2004 Deutsche Bank
				Page 19 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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 = 180						Loan Group 1 = Group 1
Total Loan Count = 217						Loan Group 1 = Group 1
Total Original Principal Balance = 33,465,261.00						Loan Group 2 = Group 2
Total Original Principal Balance = 39,651,013.00						Loan Group 2 = Group 2
Total Prepayment Amount = 33,329,287.36
Total Prepayment Amount = 39,376,053.48
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
49344641 1			224,000.00	218,532.98	Aug-23-04	7.990%	CT - 80.00%	Paid Off - 360	Sep-02-03
52381522 1			70,000.00	69,623.47	Nov-17-04	11.250%	TX - 77.78%	Paid Off - 360	Sep-30-03
51511806 1			80,000.00	79,522.88	Sep-01-04	8.750%	CA - 84.21%	Paid Off - 360	Sep-30-03
53160743 1			322,000.00	319,070.32	Nov-15-04	7.990%	CA - 58.55%	Paid Off - 360	Sep-09-03
53315800 1			276,800.00	274,979.28	Sep-01-04	8.250%	CA - 80.00%	Paid Off - 360	Sep-29-03
54841929 1			69,300.00	68,758.31	Nov-29-04	8.750%	FL - 90.00%	Paid Off - 360	Sep-19-03
53428249 1			210,000.00	207,750.16	Aug-26-04	6.250%	NJ - 77.15%	Paid Off - 360	Aug-13-03
55193429 1			121,500.00	120,024.68	Nov-19-04	6.500%	CA - 90.00%	Paid Off - 360	Sep-29-03
55494801 1			310,000.00	307,514.86	Sep-01-04	7.250%	CA - 72.09%	Paid Off - 360	Sep-05-03
55433908 1			79,750.00	79,416.84	Nov-16-04	11.350%	TX - 55.00%	Paid Off - 360	Oct-22-03
55536148 1			110,250.00	109,625.70	Aug-13-04	8.990%	NJ - 73.50%	Paid Off - 360	Sep-18-03
55701064 1			91,000.00	89,599.22	Nov-17-04	9.990%	WI - 71.65%	Paid Off - 360	Sep-05-03
55580708 1			135,150.00	134,509.34	Sep-01-04	9.850%	MD - 85.00%	Paid Off - 360	Sep-30-03
55796502 1			300,000.00	297,655.22	Dec-07-04	8.750%	WA - 80.00%	Paid Off - 360	Sep-12-03
55591747 1			145,000.00	144,046.21	Sep-07-04	8.250%	MN - 64.44%	Paid Off - 360	Sep-18-03
55961189 1			168,000.00	166,528.15	Nov-16-04	8.300%	CA - 76.71%	Paid Off - 360	Sep-18-03
55651129 1			187,200.00	185,770.97	Aug-24-04	7.500%	IL - 88.30%	Paid Off - 360	Sep-19-03
56404528 1			173,500.00	171,761.83	Dec-07-04	7.500%	RI - 86.75%	Paid Off - 360	Sep-25-03
55981948 1			68,800.00	68,470.45	Sep-02-04	9.800%	WY - 80.00%	Paid Off - 360	Sep-05-03
56520166 1			282,000.00	280,603.60	Dec-10-04	10.950%	NY - 80.57%	Paid Off - 360	Sep-30-03
56144520 1			277,200.00	275,161.81	Aug-31-04	7.750%	CA - 90.00%	Paid Off - 360	Sep-29-03
56882087 1			128,204.00	126,899.10	Nov-12-04	6.990%	CA - 71.66%	Paid Off - 360	Oct-21-03
56527328 1			98,150.00	97,429.60	Aug-26-04	7.700%	AL - 87.63%	Paid Off - 360	Sep-29-03
57042285 1			240,000.00	238,545.54	Dec-02-04	9.990%	CA - 80.00%	Paid Off - 360	Sep-30-03
57128068 1			308,000.00	306,168.65	Aug-23-04	8.750%	CA - 80.00%	Paid Off - 360	Sep-18-03
57152621 1			223,000.00	220,699.73	Dec-07-04	7.350%	NY - 59.47%	Paid Off - 360	Sep-30-03
57491367 1			119,000.00	118,217.25	Aug-31-04	8.250%	CA - 51.74%	Paid Off - 360	Sep-29-03
57281461 1			76,500.00	76,173.42	Nov-24-04	11.900%	NC - 85.00%	Paid Off - 360	Oct-29-03
58316787 1			97,500.00	96,691.93	Aug-20-04	7.990%	WI - 82.63%	Paid Off - 360	Sep-30-03
57640724 1			160,000.00	158,397.02	Dec-10-04	7.500%	FL - 86.49%	Paid Off - 360	Sep-29-03
58755448 1			315,000.00	312,946.60	Sep-02-04	7.750%	CA - 90.00%	Paid Off - 360	Oct-14-03
58299348 1			258,700.00	255,839.06	Nov-26-04	6.990%	FL - 76.09%	Paid Off - 360	Sep-29-03
58756628 1			105,000.00	103,696.86	Sep-03-04	9.900%	IL - 59.32%	Paid Off - 240	Oct-31-03
58386004 1			140,250.00	139,175.01	Nov-22-04	8.850%	FL - 85.00%	Paid Off - 360	Sep-30-03
59192344 1			182,500.00	181,683.11	Sep-01-04	9.600%	FL - 59.84%	Paid Off - 360	Oct-17-03
58541665 1			66,000.00	64,239.59	Nov-15-04	11.450%	TX - 44.00%	Paid Off - 180	Oct-22-03
60078169 1			118,800.00	118,064.68	Aug-31-04	7.400%	WI - 89.32%	Paid Off - 360	Nov-21-03
59048629 1			104,000.00	103,288.02	Nov-23-04	8.990%	TX - 77.04%	Paid Off - 360	Oct-22-03
60943503 1			81,000.00	80,609.23	Aug-16-04	9.800%	FL - 60.00%	Paid Off - 360	Oct-30-03
59085340 1			67,500.00	67,083.73	Dec-01-04	9.500%	NM - 66.18%	Paid Off - 360	Oct-17-03
61144960 1			216,337.00	214,958.01	Aug-12-04	7.250%	MD - 89.40%	Paid Off - 360	Nov-28-03
59376780 1			116,250.00	115,680.27	Dec-07-04	10.600%	IL - 74.52%	Paid Off - 360	Oct-31-03
62230024 1			60,000.00	59,426.59	Sep-03-04	10.990%	MD - 60.00%	Paid Off - 240	Nov-20-03
59655183 1			306,000.00	303,844.58	Dec-08-04	8.850%	NY - 90.00%	Paid Off - 360	Oct-27-03
62419189 1			223,000.00	221,737.39	Sep-01-04	7.850%	CO - 84.15%	Paid Off - 360	Nov-21-03
59840264 1			166,567.00	164,907.25	Dec-07-04	7.100%	MD - 70.88%	Paid Off - 360	Nov-07-03
63022263 1			100,800.00	100,578.81	Aug-26-04	10.990%	CA - 71.49%	Paid Off - 360	Jan-15-04
59984906 1			261,000.00	258,815.32	Dec-03-04	7.990%	CA - 90.00%	Paid Off - 360	Oct-31-03
63103642 1			75,500.00	75,124.78	Aug-26-04	8.750%	ME - 88.82%	Paid Off - 360	Nov-29-03
60427069 1			97,500.00	97,028.27	Nov-16-04	10.700%	TX - 75.00%	Paid Off - 360	Oct-31-03
64771041 1			140,000.00	139,423.61	Aug-25-04	8.750%	CT - 85.89%	Paid Off - 360	Dec-23-03
61951943 1			60,000.00	59,121.74	Nov-30-04	10.250%	LA - 89.55%	Paid Off - 240	Nov-12-03
64941909 1			93,000.00	92,617.11	Aug-19-04	8.750%	OH - 75.00%	Paid Off - 360	Dec-18-03
62416102 1			244,800.00	243,109.55	Nov-24-04	8.500%	PA - 90.00%	Paid Off - 360	Nov-28-03
65149908 1			67,600.00	67,294.23	Aug-19-04	7.500%	OH - 84.50%	Paid Off - 360	Jan-28-04
62565247 1			279,000.00	277,255.78	Nov-30-04	8.990%	NH - 90.00%	Paid Off - 360	Nov-28-03
65582348 1			240,000.00	238,960.32	Aug-19-04	8.500%	RI - 80.00%	Paid Off - 360	Dec-31-03
62936786 1			79,475.00	78,926.17	Dec-06-04	8.500%	MO - 84.37%	Paid Off - 360	Nov-21-03
65956542 1			87,000.00	86,694.14	Aug-31-04	8.750%	MI - 71.31%	Paid Off - 360	Jan-21-04
63422182 1			238,000.00	235,898.34	Dec-03-04	9.250%	MN - 85.00%	Paid Off - 360	Nov-30-03
66041781 1			72,000.00	71,842.90	Aug-19-04	12.050%	MN - 90.00%	Paid Off - 360	Dec-31-03
63695126 1			100,000.00	96,571.98	Dec-07-04	7.500%	CA - 40.82%	Paid Off - 180	Nov-28-03
66154808 1			201,200.00	200,594.31	Sep-01-04	9.500%	FL - 78.90%	Paid Off - 360	Jan-15-04
65332660 1			207,000.00	205,503.19	Nov-15-04	7.800%	FL - 90.00%	Paid Off - 360	Dec-19-03
66232968 1			80,250.00	80,090.65	Aug-16-04	11.450%	TN - 71.65%	Paid Off - 360	Jan-07-04
65942781 1			198,000.00	196,709.26	Dec-07-04	7.750%	CA - 90.00%	Paid Off - 360	Jan-27-04
66577362 1			108,750.00	108,367.65	Sep-02-04	8.750%	FL - 75.00%	Paid Off - 360	Jan-20-04
65947889 1			288,000.00	285,801.48	Nov-17-04	7.500%	CA - 90.00%	Paid Off - 360	Dec-31-03
66608761 1			175,000.00	174,384.75	Aug-11-04	8.750%	CO - 34.65%	Paid Off - 360	Jan-14-04
65968844 1			110,500.00	110,023.36	Nov-30-04	10.300%	MO - 83.71%	Paid Off - 360	Jan-14-04
66742545 1			267,000.00	265,988.82	Aug-18-04	8.750%	CA - 69.35%	Paid Off - 360	Jan-12-04
66013640 1			153,000.00	152,307.98	Dec-01-04	9.550%	NC - 88.95%	Paid Off - 360	Jan-19-04
66953902 1			134,000.00	133,445.91	Aug-13-04	7.950%	CA - 83.75%	Paid Off - 360	Jan-16-04
66038100 1			88,500.00	88,003.57	Dec-09-04	8.500%	OH - 68.08%	Paid Off - 360	Jan-22-04
67084186 1			173,000.00	172,146.55	Aug-31-04	6.100%	CA - 88.72%	Paid Off - 360	Feb-24-04
66148784 1			75,700.00	75,387.03	Nov-23-04	10.500%	MI - 84.11%	Paid Off - 360	Dec-30-03
67110049 1			100,000.00	99,499.93	Aug-11-04	6.990%	OH - 80.00%	Paid Off - 360	Jan-22-04
66190588 1			130,500.00	129,897.42	Nov-30-04	9.450%	WI - 90.00%	Paid Off - 360	Jan-28-04
67113985 1			150,000.00	149,488.63	Aug-31-04	8.900%	CT - 34.09%	Paid Off - 360	Jan-29-04
66236027 1			187,500.00	186,522.81	Dec-10-04	8.750%	CA - 75.00%	Paid Off - 360	Feb-09-04
67214361 1			275,000.00	274,079.72	Aug-24-04	8.990%	OH - 85.94%	Paid Off - 360	Jan-29-04
66474784 1			99,450.00	99,152.70	Nov-24-04	11.500%	AL - 85.00%	Paid Off - 360	Jan-22-04
67221580 1			310,000.00	309,435.97	Aug-18-04	11.850%	MA - 74.70%	Paid Off - 360	Feb-10-04
66496985 1			137,810.00	136,911.63	Nov-19-04	7.750%	FL - 87.50%	Paid Off - 360	Jan-14-04
67247544 1			127,000.00	126,721.33	Sep-02-04	10.990%	CA - 84.67%	Paid Off - 360	Jan-21-04
66773045 1			172,000.00	171,082.92	Dec-02-04	8.750%	MA - 74.78%	Paid Off - 360	Jan-23-04
67336321 1			95,500.00	94,883.04	Aug-16-04	5.650%	CA - 73.46%	Paid Off - 360	Jan-30-04
66790023 1			157,800.00	156,103.56	Dec-02-04	5.650%	ME - 78.90%	Paid Off - 360	Feb-02-04
					Page 19 of 28				© COPYRIGHT 2004 Deutsche Bank
					Page 20 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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
67590109 1			62,300.00	62,119.29	Sep-01-04	10.990%	FL - 70.00%	Paid Off - 360	Jan-28-04
66898107 1			195,500.00	190,852.16	Nov-30-04	9.350%	IL - 59.42%	Paid Off - 180	Jan-20-04
67596148 1			297,500.00	296,486.45	Aug-25-04	7.990%	CA - 69.19%	Paid Off - 360	Jan-31-04
66928060 1			81,000.00	80,749.89	Nov-16-04	11.350%	CA - 60.00%	Paid Off - 360	Jan-30-04
67746347 1			178,378.00	177,908.40	Sep-03-04	9.250%	AK - 84.14%	Paid Off - 360	Feb-13-04
66957762 1			200,000.00	198,188.93	Dec-07-04	6.050%	CA - 82.64%	Paid Off - 360	Jan-20-04
67904920 1			251,000.00	249,408.67	Aug-27-04	5.750%	CA - 92.96%	Paid Off - 360	Jan-28-04
67061481 1			140,250.00	139,671.39	Dec-01-04	9.990%	FL - 85.00%	Paid Off - 360	Jan-15-04
67924720 1			72,000.00	71,759.01	Sep-01-04	8.990%	FL - 74.23%	Paid Off - 360	Jan-31-04
67065904 1			148,000.00	147,258.43	Dec-06-04	8.500%	MA - 84.57%	Paid Off - 360	Feb-11-04
67951566 1			179,100.00	178,543.74	Aug-30-04	9.350%	CO - 89.70%	Paid Off - 360	Jan-27-04
67069047 1			70,125.00	69,891.01	Dec-07-04	10.990%	MI - 75.00%	Paid Off - 360	Jan-20-04
68090745 1			250,000.00	249,046.36	Sep-02-04	8.350%	CA - 74.96%	Paid Off - 360	Jan-29-04
67129502 1			208,800.00	207,502.31	Nov-29-04	7.990%	MI - 90.00%	Paid Off - 360	Jan-20-04
68107325 1			123,250.00	122,866.59	Aug-18-04	8.500%	MO - 85.00%	Paid Off - 360	Feb-24-04
67186049 1			155,250.00	154,516.86	Nov-17-04	8.750%	CA - 83.92%	Paid Off - 360	Feb-10-04
68124023 1			242,000.00	241,007.32	Aug-16-04	7.990%	FL - 84.91%	Paid Off - 360	Jan-28-04
67239400 1			159,000.00	157,910.96	Dec-02-04	7.500%	MI - 79.50%	Paid Off - 360	Jan-14-04
68130509 1			247,500.00	246,555.92	Aug-31-04	8.350%	CA - 74.32%	Paid Off - 360	Jan-28-04
67325480 1			116,000.00	115,258.68	Nov-26-04	7.850%	CA - 80.26%	Paid Off - 360	Jan-23-04
68156264 1			206,250.00	205,676.96	Aug-23-04	8.990%	CA - 75.00%	Paid Off - 360	Feb-13-04
67365221 1			255,000.00	253,771.05	Nov-17-04	8.650%	CA - 85.00%	Paid Off - 360	Feb-12-04
68289487 1			180,000.00	179,506.94	Aug-16-04	9.950%	CA - 75.00%	Paid Off - 360	Jan-31-04
67411769 1			82,500.00	81,991.58	Nov-16-04	8.500%	DE - 89.67%	Paid Off - 360	Jan-30-04
68333285 1			78,750.00	78,474.88	Aug-31-04	10.100%	IL - 75.00%	Paid Off - 360	Feb-17-04
67579623 1			67,500.00	67,016.00	Dec-02-04	7.500%	OH - 90.00%	Paid Off - 360	Jan-28-04
68420462 1			307,000.00	306,147.07	Sep-07-04	8.990%	NY - 71.40%	Paid Off - 360	Feb-19-04
67671321 1			161,250.00	160,543.15	Nov-30-04	9.700%	FL - 75.00%	Paid Off - 360	Jan-22-04
68487925 1			125,951.00	125,655.46	Sep-01-04	9.800%	NV - 83.97%	Paid Off - 360	Feb-25-04
67739060 1			98,000.00	97,518.49	Nov-15-04	9.150%	MA - 72.06%	Paid Off - 360	Jan-23-04
68496728 1			124,100.00	123,713.34	Sep-02-04	8.750%	MN - 85.00%	Paid Off - 360	Feb-12-04
67871020 1			535,800.00	531,032.28	Nov-17-04	5.500%	CA - 84.38%	Paid Off - 360	Feb-28-04
68517705 1			169,000.00	168,381.06	Aug-12-04	8.550%	NY - 74.78%	Paid Off - 360	Jan-30-04
67916825 1			238,000.00	236,403.91	Dec-06-04	6.990%	CA - 85.00%	Paid Off - 360	Feb-10-04
68521525 1			134,000.00	133,325.01	Aug-18-04	5.990%	WI - 79.76%	Paid Off - 360	Feb-09-04
68092386 1			73,400.00	72,943.75	Nov-19-04	7.990%	OH - 81.56%	Paid Off - 360	Jan-30-04
68583327 1			216,750.00	216,130.18	Sep-07-04	8.850%	CA - 83.69%	Paid Off - 360	Feb-09-04
68115245 1			98,200.00	97,675.46	Nov-17-04	8.150%	CT - 89.27%	Paid Off - 360	Feb-12-04
68632363 1			306,000.00	305,443.15	Aug-27-04	10.990%	KS - 85.00%	Paid Off - 360	Feb-19-04
68156926 1			225,000.00	223,601.60	Dec-03-04	7.990%	CT - 90.00%	Paid Off - 360	Jan-29-04
68750264 1			171,000.00	170,417.41	Aug-11-04	7.990%	AZ - 90.00%	Paid Off - 360	Feb-26-04
68164045 1			140,250.00	139,587.75	Dec-10-04	8.750%	PA - 85.00%	Paid Off - 360	Feb-11-04
68851823 1			172,000.00	170,909.51	Sep-01-04	5.750%	CA - 77.83%	Paid Off - 360	Jan-29-04
68254242 1			108,000.00	107,394.18	Dec-10-04	8.500%	CA - 74.48%	Paid Off - 360	Jan-26-04
68855741 1			84,000.00	83,708.59	Sep-01-04	7.900%	HI - 66.14%	Paid Off - 360	Feb-28-04
68264621 1			139,180.00	138,358.86	Dec-01-04	8.250%	FL - 83.84%	Paid Off - 360	Feb-13-04
68892504 1			174,000.00	173,470.81	Sep-03-04	8.550%	CA - 69.05%	Paid Off - 360	Feb-11-04
68290121 1			124,950.00	124,493.65	Nov-30-04	9.990%	AR - 83.30%	Paid Off - 360	Feb-24-04
68983865 1			227,800.00	227,078.43	Aug-20-04	8.350%	CA - 85.00%	Paid Off - 360	Feb-23-04
68307008 1			60,000.00	59,747.70	Nov-11-04	9.900%	FL - 75.00%	Paid Off - 360	Jan-29-04
69011260 1			77,000.00	76,786.05	Aug-27-04	8.990%	MN - 48.13%	Paid Off - 360	Feb-17-04
68362045 1			140,400.00	139,620.34	Dec-10-04	8.550%	WI - 88.86%	Paid Off - 360	Jan-30-04
69040061 1			93,750.00	93,560.43	Sep-07-04	10.500%	FL - 75.00%	Paid Off - 360	Feb-27-04
68436682 1			313,000.00	310,486.96	Nov-18-04	6.050%	CA - 84.59%	Paid Off - 360	Feb-17-04
69091460 1			70,000.00	69,885.94	Aug-30-04	11.500%	CA - 72.16%	Paid Off - 360	Feb-19-04
68477827 1			144,500.00	143,967.84	Nov-18-04	9.950%	PA - 85.00%	Paid Off - 360	Feb-28-04
69116986 1			187,500.00	186,859.70	Aug-20-04	7.990%	CA - 75.00%	Paid Off - 360	Feb-19-04
68522762 1			216,000.00	214,545.34	Nov-26-04	6.990%	MN - 90.00%	Paid Off - 360	Feb-27-04
69138865 1			108,500.00	108,218.63	Aug-17-04	10.500%	IL - 70.00%	Paid Off - 360	Feb-20-04
68541606 1			131,950.00	131,260.44	Nov-30-04	8.250%	FL - 65.00%	Paid Off - 360	Feb-27-04
69231504 1			206,250.00	205,562.72	Aug-20-04	8.100%	CA - 82.50%	Paid Off - 360	Feb-28-04
68603661 1			70,000.00	69,496.43	Nov-18-04	7.250%	RI - 29.17%	Paid Off - 360	Jan-29-04
69260040 1			187,000.00	186,717.87	Sep-10-04	11.850%	MA - 85.00%	Paid Off - 360	Feb-19-04
68621341 1			169,750.00	168,348.09	Dec-01-04	5.900%	MN - 87.50%	Paid Off - 360	Feb-26-04
69283844 1			256,000.00	255,221.49	Sep-02-04	8.550%	MI - 80.00%	Paid Off - 360	Feb-27-04
68674308 1			310,000.00	307,801.08	Dec-06-04	6.700%	CA - 70.45%	Paid Off - 360	Feb-10-04
69291565 1			65,000.00	64,816.00	Aug-30-04	8.900%	WI - 68.42%	Paid Off - 360	Feb-09-04
68706225 1			110,000.00	109,430.86	Dec-08-04	8.300%	IL - 53.40%	Paid Off - 360	Feb-12-04
69303162 1			200,600.00	199,977.38	Aug-16-04	8.450%	MN - 85.00%	Paid Off - 360	Feb-06-04
68706985 1			310,250.00	307,663.55	Nov-12-04	5.850%	NY - 85.00%	Paid Off - 360	Feb-09-04
69304368 1			335,750.00	334,603.23	Aug-20-04	7.990%	MA - 85.00%	Paid Off - 360	Feb-20-04
68836121 1			130,000.00	128,992.66	Nov-23-04	6.600%	IL - 66.67%	Paid Off - 360	Feb-27-04
69350783 1			133,500.00	133,077.55	Aug-24-04	8.400%	CA - 75.00%	Paid Off - 360	Feb-18-04
68843309 1			266,000.00	260,277.07	Nov-30-04	5.850%	CA - 79.40%	Paid Off - 240	Feb-06-04
69360980 1			108,000.00	107,713.57	Sep-10-04	9.300%	KS - 90.00%	Paid Off - 360	Feb-17-04
68857564 1			112,500.00	112,020.64	Dec-10-04	9.250%	NY - 75.00%	Paid Off - 360	Feb-11-04
69429660 1			96,000.00	95,672.92	Aug-16-04	7.990%	ME - 66.21%	Paid Off - 360	Feb-11-04
68878685 1			121,000.00	120,489.68	Dec-07-04	9.300%	IL - 77.56%	Paid Off - 360	Feb-17-04
69445120 1			100,000.00	99,722.07	Sep-02-04	8.990%	MA - 70.92%	Paid Off - 360	Feb-12-04
68895267 1			264,000.00	261,349.02	Dec-01-04	5.500%	IL - 67.69%	Paid Off - 360	Jan-31-04
69504520 1			270,000.00	269,201.49	Sep-07-04	8.750%	WY - 90.00%	Paid Off - 360	Feb-19-04
69071926 1			87,000.00	86,479.76	Dec-02-04	9.500%	CA - 75.00%	Paid Off - 360	Feb-23-04
69545341 1			313,000.00	312,038.39	Aug-31-04	8.500%	CA - 88.67%	Paid Off - 360	Feb-17-04
69081503 1			109,000.00	108,443.21	Nov-22-04	8.750%	IL - 72.67%	Paid Off - 360	Feb-24-04
69548741 1			95,000.00	94,595.14	Aug-25-04	7.500%	WA - 88.79%	Paid Off - 360	Feb-10-04
69089787 1			99,750.00	99,385.67	Nov-16-04	9.990%	IL - 75.00%	Paid Off - 360	Feb-24-04
69560605 1			99,000.00	98,646.07	Aug-20-04	7.750%	AZ - 90.00%	Paid Off - 360	Feb-20-04
69112308 1			179,500.00	178,652.39	Nov-19-04	8.750%	WA - 89.30%	Paid Off - 360	Feb-24-04
69581007 1			237,650.00	236,904.15	Sep-03-04	8.750%	MA - 78.17%	Paid Off - 360	Feb-12-04
69174266 1			206,750.00	205,820.55	Nov-30-04	8.990%	NY - 57.43%	Paid Off - 360	Feb-19-04
69630887 1			102,500.00	102,044.99	Aug-26-04	6.650%	FL - 62.88%	Paid Off - 360	Feb-20-04
69194066 1			108,000.00	107,563.00	Nov-17-04	9.500%	NC - 90.00%	Paid Off - 360	Feb-04-04
69656882 1			97,500.00	97,332.29	Aug-19-04	11.250%	MD - 69.64%	Paid Off - 360	Feb-11-04
69257145 1			181,000.00	179,857.44	Dec-03-04	7.300%	CA - 82.27%	Paid Off - 360	Feb-26-04
69704120 1			130,050.00	129,559.03	Aug-31-04	7.990%	FL - 84.45%	Paid Off - 360	Feb-18-04
69260586 1			208,000.00	206,311.01	Nov-15-04	5.990%	MN - 80.00%	Paid Off - 360	Feb-20-04
69714202 1			256,500.00	255,687.48	Sep-01-04	8.350%	CA - 90.00%	Paid Off - 360	Feb-17-04
69278968 1			147,900.00	146,374.10	Dec-06-04	7.750%	RI - 79.95%	Paid Off - 360	Feb-17-04
69717262 1			265,000.00	264,004.28	Sep-08-04	7.500%	RI - 84.13%	Paid Off - 360	Feb-13-04
69283802 1			91,000.00	90,587.51	Dec-01-04	8.950%	MI - 72.80%	Paid Off - 360	Feb-12-04
69831824 1			247,500.00	246,812.36	Aug-31-04	8.990%	CA - 75.00%	Paid Off - 360	Feb-27-04
69285765 1			120,700.00	119,749.05	Nov-15-04	6.150%	OH - 73.60%	Paid Off - 360	Feb-19-04
69884682 1			211,500.00	210,850.18	Aug-17-04	8.500%	IL - 90.00%	Paid Off - 360	Feb-27-04
69299683 1			270,000.00	268,295.64	Dec-01-04	7.300%	RI - 75.00%	Paid Off - 360	Feb-28-04
					Page 20 of 28				© COPYRIGHT 2004 Deutsche Bank
					Page 21 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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
70003926 1			260,000.00	258,705.17	Aug-12-04	6.050%	CA - 89.66%	Paid Off - 360	Feb-25-04
69309482 1			200,300.00	199,354.13	Nov-15-04	8.750%	MA - 76.45%	Paid Off - 360	Feb-12-04
70026968 1			255,000.00	254,003.14	Aug-30-04	7.300%	CA - 75.00%	Paid Off - 360	Feb-29-04
69310027 1			60,000.00	59,701.88	Dec-01-04	8.500%	MI - 43.64%	Paid Off - 360	Feb-17-04
70046628 1			90,000.00	89,755.57	Aug-26-04	9.100%	CO - 69.23%	Paid Off - 360	Feb-20-04
69337806 1			243,000.00	240,776.88	Dec-08-04	5.350%	CA - 87.41%	Paid Off - 360	Feb-17-04
70093042 1			94,500.00	94,107.37	Aug-12-04	6.990%	WI - 90.00%	Paid Off - 360	Feb-20-04
69430460 1			164,070.00	161,060.16	Nov-30-04	5.650%	CA - 90.00%	Paid Off - 240	Feb-12-04
70102983 1			318,750.00	317,362.27	Sep-08-04	6.750%	CA - 82.79%	Paid Off - 360	Feb-17-04
69447407 1			235,890.00	234,117.53	Nov-18-04	6.400%	AZ - 90.00%	Paid Off - 360	Feb-26-04
70118443 1			147,000.00	146,474.47	Aug-25-04	7.750%	CA - 79.46%	Paid Off - 360	Feb-26-04
69452761 1			232,000.00	229,921.73	Dec-03-04	5.500%	CA - 89.97%	Paid Off - 360	Feb-09-04
70141684 1			84,000.00	83,754.80	Sep-09-04	8.750%	AZ - 62.22%	Paid Off - 360	Feb-24-04
69474229 1			180,000.00	178,930.36	Nov-18-04	7.750%	CA - 75.00%	Paid Off - 360	Feb-17-04
70197827 1			127,800.00	127,444.95	Aug-13-04	8.990%	MI - 90.00%	Paid Off - 360	Feb-23-04
69481265 1			150,450.00	149,490.94	Dec-10-04	7.250%	RI - 70.30%	Paid Off - 360	Feb-11-04
70380100 1			135,000.00	134,637.14	Aug-16-04	9.150%	MI - 90.00%	Paid Off - 360	Feb-20-04
69535748 1			90,000.00	85,863.81	Nov-16-04	7.500%	AL - 69.23%	Paid Off - 120	Feb-17-04
70433644 1			273,570.00	272,712.22	Sep-03-04	8.400%	MA - 82.50%	Paid Off - 360	Feb-28-04
69562007 1			110,700.00	109,957.49	Dec-01-04	6.990%	CT - 89.27%	Paid Off - 360	Feb-10-04
70437785 1			312,200.00	310,991.51	Aug-12-04	7.350%	CA - 58.36%	Paid Off - 360	Feb-25-04
69580603 1			130,000.00	129,320.63	Nov-29-04	8.250%	FL - 72.22%	Paid Off - 360	Feb-28-04
70469242 1			300,000.00	299,323.84	Aug-19-04	9.990%	NY - 80.00%	Paid Off - 360	Feb-26-04
69655066 1			162,000.00	161,195.12	Dec-01-04	8.500%	CA - 90.00%	Paid Off - 360	Feb-25-04
70498787 1			63,800.00	63,700.53	Aug-17-04	11.700%	CO - 74.19%	Paid Off - 360	Feb-25-04
69668523 1			69,000.00	68,687.24	Nov-23-04	8.950%	FL - 87.34%	Paid Off - 360	Feb-17-04
70553144 1			60,000.00	59,850.04	Aug-16-04	9.500%	CT - 33.90%	Paid Off - 360	Feb-25-04
69728723 1			215,650.00	213,898.86	Nov-16-04	5.990%	CA - 95.00%	Paid Off - 360	Feb-24-04
70615224 1			211,500.00	210,779.46	Sep-02-04	7.990%	CA - 90.00%	Paid Off - 360	Feb-28-04
69733384 1			60,000.00	59,252.92	Nov-24-04	8.900%	MN - 40.54%	Paid Off - 240	Feb-13-04
70618962 1			166,326.00	165,809.74	Sep-08-04	8.450%	NV - 79.20%	Paid Off - 360	Feb-27-04
69740843 1			132,393.00	131,679.95	Nov-30-04	8.100%	MA - 83.79%	Paid Off - 360	Feb-28-04
70639828 1			79,000.00	78,764.11	Aug-17-04	10.100%	KS - 84.04%	Paid Off - 360	Feb-19-04
69752681 1			261,000.00	259,649.65	Nov-26-04	8.300%	CA - 84.88%	Paid Off - 360	Feb-27-04
70674122 1			285,000.00	283,981.15	Sep-08-04	7.750%	WI - 72.15%	Paid Off - 360	Feb-24-04
69785905 1			84,000.00	83,622.37	Nov-23-04	8.990%	FL - 80.00%	Paid Off - 360	Feb-11-04
70678628 1			86,250.00	85,990.34	Sep-01-04	8.600%	MN - 74.35%	Paid Off - 360	Feb-25-04
69859767 1			103,700.00	103,069.15	Nov-23-04	7.900%	FL - 85.00%	Paid Off - 360	Feb-17-04
70717327 1			60,000.00	59,823.06	Sep-03-04	8.700%	RI - 40.00%	Paid Off - 360	Feb-20-04
69914786 1			99,000.00	98,482.59	Nov-19-04	8.250%	NV - 90.00%	Paid Off - 360	Feb-23-04
70803069 1			130,500.00	130,137.42	Aug-26-04	8.990%	CA - 90.00%	Paid Off - 360	Feb-25-04
69938066 1			144,000.00	143,156.87	Dec-10-04	7.990%	IL - 84.71%	Paid Off - 360	Feb-25-04
70887021 1			400,000.00	399,021.27	Aug-31-04	9.600%	NY - 71.43%	Paid Off - 360	Feb-26-04
69955300 1			66,000.00	65,805.12	Dec-02-04	10.990%	MI - 75.00%	Paid Off - 360	Feb-25-04
70956446 1			135,000.00	134,485.67	Aug-23-04	9.300%	MA - 49.04%	Paid Off - 360	Feb-28-04
69969681 1			176,670.00	175,428.88	Nov-17-04	6.750%	MD - 90.00%	Paid Off - 360	Feb-13-04
70959507 1			228,000.00	227,513.66	Sep-03-04	10.250%	NY - 78.89%	Paid Off - 360	Feb-28-04
69986529 1			139,000.00	137,925.28	Nov-26-04	6.250%	RI - 81.76%	Paid Off - 360	Feb-26-04
71055248 1			192,000.00	191,327.21	Sep-02-04	7.850%	FL - 83.48%	Paid Off - 360	Feb-28-04
70095120 1			131,500.00	130,628.32	Nov-15-04	7.050%	RI - 73.06%	Paid Off - 360	Feb-24-04
71280929 1			388,000.00	386,758.43	Aug-27-04	8.300%	MA - 80.00%	Paid Off - 360	Feb-28-04
70170048 1			112,500.00	111,450.80	Nov-23-04	7.950%	FL - 90.00%	Paid Off - 360	Feb-13-04
71418081 1			210,000.00	209,281.54	Aug-12-04	7.990%	NV - 82.35%	Paid Off - 360	Feb-27-04
70189006 1			78,000.00	77,452.02	Nov-19-04	6.750%	AZ - 87.50%	Paid Off - 360	Feb-20-04
71692420 1			187,500.00	186,875.20	Sep-10-04	8.100%	CA - 70.75%	Paid Off - 360	Feb-28-04
70227442 1			100,000.00	99,594.33	Nov-16-04	9.500%	WI - 76.92%	Paid Off - 360	Feb-20-04
71806962 1			100,300.00	100,021.32	Aug-25-04	8.990%	MO - 85.00%	Paid Off - 360	Feb-28-04
70243464 1			357,000.00	355,207.54	Dec-01-04	8.450%	NY - 85.00%	Paid Off - 360	Feb-18-04
72360688 1			71,000.00	70,476.87	Sep-10-04	7.500%	TX - 83.53%	Paid Off - 360	Mar-30-04
70258348 1			129,592.00	128,805.52	Dec-07-04	7.500%	NV - 81.00%	Paid Off - 360	Feb-17-04
72428725 1			60,000.00	59,885.42	Aug-16-04	9.700%	MA - 23.08%	Paid Off - 360	Mar-10-04
70267828 1			230,400.00	229,219.95	Nov-17-04	8.350%	MD - 90.00%	Paid Off - 360	Feb-27-04
73006223 1			60,000.00	59,896.94	Sep-02-04	10.200%	MN - 71.43%	Paid Off - 360	Mar-31-04
70270541 1			233,750.00	232,699.13	Nov-24-04	8.990%	MN - 85.00%	Paid Off - 360	Feb-18-04
73977266 1			210,000.00	209,545.50	Aug-31-04	9.100%	CA - 75.00%	Paid Off - 360	Mar-31-04
70363866 1			180,000.00	178,792.87	Dec-02-04	6.990%	CA - 80.00%	Paid Off - 360	Feb-26-04
74269184 1			171,000.00	170,581.18	Sep-01-04	8.500%	CT - 90.00%	Paid Off - 360	Mar-31-04
70379201 1			123,000.00	122,289.58	Nov-16-04	7.750%	AZ - 58.85%	Paid Off - 360	Feb-26-04
74779968 1			148,000.00	147,598.06	Sep-02-04	8.990%	CT - 80.00%	Paid Off - 360	Mar-31-04
70417464 1			127,500.00	126,863.04	Nov-22-04	8.500%	NV - 82.79%	Paid Off - 360	Feb-27-04
56121007 2			136,500.00	135,839.32	Aug-24-04	9.750%	CA - 75.00%	Paid Off - 360	Sep-19-03
70448568 1			115,600.00	115,001.89	Nov-30-04	8.300%	MN - 85.00%	Paid Off - 360	Feb-26-04
56712425 2			150,000.00	148,467.28	Aug-17-04	9.250%	WI - 66.67%	Paid Off - 360	Sep-24-03
70453980 1			307,000.00	305,226.86	Nov-26-04	7.750%	NY - 78.72%	Paid Off - 360	Feb-29-04
57918807 2			115,000.00	114,366.04	Aug-31-04	9.150%	AZ - 82.14%	Paid Off - 360	Sep-30-03
70454020 1			249,390.00	247,671.48	Dec-06-04	6.850%	CA - 84.80%	Paid Off - 360	Feb-27-04
63752182 2			490,000.00	488,079.78	Sep-03-04	8.990%	MS - 70.00%	Paid Off - 360	Dec-29-03
70508460 1			117,900.00	117,314.24	Nov-19-04	8.500%	MN - 90.00%	Paid Off - 360	Feb-25-04
64126543 2			118,800.00	118,593.15	Sep-07-04	12.050%	MD - 90.00%	Paid Off - 360	Jan-20-04
70600440 1			172,500.00	171,256.50	Dec-01-04	8.100%	FL - 75.00%	Paid Off - 360	Feb-23-04
64303506 2			82,500.00	82,232.52	Aug-30-04	9.990%	OH - 75.00%	Paid Off - 360	Dec-30-03
70612304 1			238,500.00	232,971.44	Nov-22-04	7.700%	NV - 90.00%	Paid Off - 360	Feb-26-04
64368624 2			136,000.00	135,799.46	Aug-31-04	12.800%	FL - 85.00%	Paid Off - 360	Jan-21-04
70671524 1			166,500.00	165,625.34	Nov-23-04	8.350%	CA - 90.00%	Paid Off - 360	Feb-24-04
65674426 2			60,300.00	60,082.84	Aug-27-04	9.400%	PA - 90.00%	Paid Off - 360	Dec-29-03
70677307 1			113,750.00	113,238.38	Nov-18-04	8.990%	FL - 63.90%	Paid Off - 360	Feb-18-04
65959140 2			66,000.00	65,852.41	Aug-12-04	11.250%	CT - 60.00%	Paid Off - 360	Jan-15-04
70702006 1			270,000.00	267,852.56	Nov-24-04	6.100%	CA - 77.81%	Paid Off - 360	Feb-24-04
66090242 2			60,000.00	59,887.18	Aug-11-04	11.700%	WI - 44.44%	Paid Off - 360	Jan-10-04
70732060 1			85,650.00	85,321.06	Dec-06-04	9.750%	WI - 67.98%	Paid Off - 360	Feb-25-04
66308107 2			71,250.00	70,776.62	Aug-30-04	11.500%	NY - 61.96%	Paid Off - 240	Jan-22-04
70781802 1			120,000.00	119,306.88	Dec-07-04	7.750%	RI - 70.59%	Paid Off - 360	Feb-26-04
66309527 2			60,375.00	60,247.05	Aug-13-04	11.150%	AR - 73.18%	Paid Off - 360	Jan-07-04
70863089 1			60,000.00	59,733.73	Nov-22-04	10.250%	IL - 64.52%	Paid Off - 360	Feb-19-04
66318346 2			109,800.00	109,557.01	Sep-03-04	10.950%	MN - 73.69%	Paid Off - 360	Jan-09-04
70880307 1			259,808.00	257,779.82	Nov-29-04	6.200%	MA - 86.03%	Paid Off - 360	Feb-26-04
66368929 2			109,000.00	108,797.28	Sep-07-04	11.750%	WI - 74.15%	Paid Off - 360	Jan-14-04
70917224 1			260,000.00	257,989.65	Nov-15-04	6.250%	NV - 89.66%	Paid Off - 360	Feb-27-04
66794009 2			196,000.00	195,467.63	Sep-02-04	9.990%	RI - 71.27%	Paid Off - 360	Jan-12-04
70950167 1			274,500.00	273,190.55	Dec-02-04	8.700%	WI - 90.00%	Paid Off - 360	Feb-27-04
66819467 2			86,250.00	86,064.04	Aug-26-04	10.200%	NC - 75.00%	Paid Off - 360	Feb-25-04
70972666 1			222,300.00	221,076.06	Nov-12-04	7.990%	LA - 65.00%	Paid Off - 360	Feb-24-04
66836388 2			60,000.00	59,790.09	Aug-26-04	9.250%	CA - 48.39%	Paid Off - 360	Jan-27-04
71212468 1			240,000.00	238,667.99	Dec-06-04	7.950%	RI - 80.00%	Paid Off - 360	Feb-25-04
					Page 21 of 28				© COPYRIGHT 2004 Deutsche Bank
					Page 22 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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
66945320 2			217,000.00	216,523.91	Sep-08-04	10.990%	WA - 80.97%	Paid Off - 360	Jan-30-04
71240907 1			170,000.00	168,998.42	Nov-16-04	7.650%	OH - 89.95%	Paid Off - 360	Feb-28-04
67174821 2			387,000.00	385,334.44	Aug-16-04	7.750%	CT - 84.13%	Paid Off - 360	Jan-23-04
71262042 1			262,000.00	260,936.03	Dec-01-04	9.500%	NY - 77.06%	Paid Off - 360	Feb-28-04
67284927 2			71,250.00	71,105.89	Sep-01-04	10.500%	SC - 84.82%	Paid Off - 360	Feb-11-04
71305148 1			216,500.00	215,078.88	Dec-01-04	7.100%	WA - 89.46%	Paid Off - 360	Feb-25-04
67437483 2			85,425.00	85,190.98	Aug-24-04	9.950%	MO - 85.00%	Paid Off - 360	Jan-29-04
71329569 1			113,000.00	112,438.52	Dec-07-04	8.500%	IL - 83.09%	Paid Off - 360	Feb-27-04
67521542 2			360,000.00	352,161.60	Sep-03-04	5.500%	PA - 90.00%	Paid Off - 180	Jan-29-04
71397582 1			119,000.00	118,411.26	Nov-22-04	8.700%	MD - 76.77%	Paid Off - 360	Feb-29-04
67749507 2			114,000.00	113,716.17	Sep-07-04	10.400%	RI - 60.00%	Paid Off - 360	Jan-29-04
71433882 1			215,500.00	214,126.32	Nov-19-04	7.250%	CA - 86.20%	Paid Off - 360	Feb-27-04
67785568 2			595,000.00	592,489.91	Aug-31-04	7.850%	OH - 85.00%	Paid Off - 360	Jan-31-04
71459960 1			64,200.00	63,904.26	Nov-26-04	8.990%	MN - 58.36%	Paid Off - 360	Feb-28-04
67873125 2			177,000.00	176,611.67	Aug-24-04	10.990%	MA - 75.00%	Paid Off - 360	Jan-22-04
71699581 1			160,000.00	159,028.92	Nov-23-04	7.500%	CA - 80.00%	Paid Off - 360	Feb-29-04
68000983 2			60,000.00	59,848.49	Aug-27-04	9.450%	MS - 66.67%	Paid Off - 360	Feb-10-04
71801104 1			194,500.00	192,920.62	Nov-16-04	5.990%	CA - 76.76%	Paid Off - 360	Feb-29-04
68039205 2			78,000.00	77,820.82	Aug-17-04	9.900%	SC - 88.64%	Paid Off - 360	Feb-13-04
71823280 1			227,500.00	226,705.21	Nov-18-04	10.200%	NY - 64.08%	Paid Off - 360	Feb-28-04
68249226 2			153,000.00	152,584.43	Sep-02-04	9.990%	OH - 85.00%	Paid Off - 360	Jan-31-04
72068265 1			106,250.00	105,808.10	Dec-02-04	8.700%	MA - 85.00%	Paid Off - 360	Mar-11-04
68590488 2			66,750.00	66,625.82	Sep-01-04	11.750%	FL - 75.00%	Paid Off - 360	Jan-28-04
72654585 1			137,700.00	136,926.09	Nov-30-04	7.200%	MA - 90.00%	Paid Off - 360	Mar-31-04
68989821 2			580,000.00	577,349.78	Aug-13-04	6.500%	CA - 69.46%	Paid Off - 360	Feb-26-04
73409740 1			85,000.00	84,660.63	Nov-30-04	8.900%	MT - 55.92%	Paid Off - 360	Mar-31-04
69320109 2			70,000.00	69,806.70	Aug-31-04	9.400%	MI - 41.18%	Paid Off - 360	Feb-09-04
73722480 1			157,500.00	156,796.64	Dec-02-04	8.350%	NE - 90.00%	Paid Off - 360	Mar-31-04
69353647 2			380,000.00	377,959.21	Aug-25-04	5.650%	CA - 86.36%	Paid Off - 360	Feb-13-04
73878126 1			100,425.00	99,827.06	Dec-01-04	7.450%	MD - 90.00%	Paid Off - 360	Mar-31-04
69431823 2			386,250.00	385,493.69	Sep-10-04	10.650%	GA - 75.00%	Paid Off - 360	Feb-26-04
74821083 1			112,500.00	112,022.44	Dec-10-04	8.600%	CA - 72.58%	Paid Off - 360	Mar-31-04
69528727 2			468,000.00	466,487.19	Sep-02-04	8.250%	ME - 90.00%	Paid Off - 360	Feb-18-04
54880505 2			67,500.00	67,196.29	Nov-19-04	11.400%	TX - 75.00%	Paid Off - 360	Sep-11-03
69568566 2			445,500.00	443,649.06	Aug-26-04	6.990%	CA - 90.00%	Paid Off - 360	Feb-24-04
55577860 2			233,750.00	232,182.17	Nov-30-04	9.500%	MN - 85.00%	Paid Off - 360	Sep-09-03
69773125 2			424,350.00	422,071.00	Aug-24-04	5.650%	CA - 87.49%	Paid Off - 360	Feb-27-04
56455280 2			97,500.00	96,845.80	Nov-23-04	9.500%	FL - 72.22%	Paid Off - 360	Sep-22-03
70237029 2			550,000.00	548,801.71	Sep-08-04	10.150%	NY - 73.83%	Paid Off - 360	Feb-28-04
56775885 2			121,900.00	121,039.26	Dec-01-04	9.250%	FL - 71.71%	Paid Off - 360	Sep-24-03
70305420 2			136,750.00	136,458.32	Aug-16-04	10.250%	IL - 89.97%	Paid Off - 360	Feb-24-04
56836604 2			80,700.00	80,130.21	Dec-07-04	9.250%	SC - 73.36%	Paid Off - 360	Sep-30-03
70401369 2			150,000.00	149,713.37	Aug-20-04	10.800%	NY - 68.18%	Paid Off - 360	Feb-19-04
58240466 2			141,000.00	140,174.34	Nov-24-04	9.750%	MD - 75.00%	Paid Off - 360	Oct-09-03
70518329 2			493,000.00	491,485.36	Sep-08-04	8.500%	CA - 83.84%	Paid Off - 360	Feb-23-04
59299628 2			120,000.00	119,156.83	Nov-15-04	9.100%	FL - 75.00%	Paid Off - 360	Oct-20-03
70648365 2			240,000.00	239,563.21	Sep-07-04	10.990%	TN - 75.00%	Paid Off - 360	Feb-27-04
59677625 2			216,000.00	214,985.35	Nov-24-04	10.800%	TX - 80.00%	Paid Off - 360	Oct-31-03
70732540 2			114,000.00	113,693.57	Aug-30-04	9.150%	PA - 75.00%	Paid Off - 360	Feb-26-04
60180445 2			61,750.00	61,465.70	Nov-29-04	9.990%	KY - 65.00%	Paid Off - 360	Dec-31-03
70910963 2			396,000.00	394,405.50	Aug-12-04	7.150%	CA - 90.00%	Paid Off - 360	Feb-23-04
60931904 2			311,250.00	309,330.69	Dec-01-04	9.500%	CA - 75.00%	Paid Off - 360	Oct-31-03
70929823 2			371,500.00	370,381.18	Aug-25-04	8.650%	NY - 87.41%	Paid Off - 360	Feb-28-04
65089807 2			531,250.00	528,091.21	Nov-15-04	8.750%	NY - 85.00%	Paid Off - 360	Dec-31-03
71165427 2			187,000.00	186,601.16	Aug-27-04	10.250%	MI - 85.00%	Paid Off - 360	Feb-29-04
65282147 2			93,750.00	93,317.33	Nov-19-04	9.990%	CA - 73.24%	Paid Off - 360	Dec-22-03
71788681 2			599,999.00	597,614.58	Aug-20-04	6.050%	CA - 63.16%	Paid Off - 360	Feb-29-04
65579443 2			90,250.00	89,765.51	Dec-01-04	9.250%	OH - 83.56%	Paid Off - 360	Dec-30-03
71801708 2			301,000.00	300,357.98	Aug-27-04	10.250%	CA - 87.25%	Paid Off - 360	Feb-28-04
65875544 2			93,420.00	92,908.06	Nov-23-04	9.150%	WI - 90.00%	Paid Off - 360	Dec-30-03
72598808 2			386,250.00	385,690.24	Sep-03-04	10.990%	FL - 73.57%	Paid Off - 360	Mar-30-04
66121443 2			349,500.00	345,606.43	Nov-30-04	7.750%	CA - 88.04%	Paid Off - 360	Dec-31-03
73939084 2			61,500.00	61,424.50	Sep-10-04	11.750%	ID - 75.00%	Paid Off - 360	Mar-31-04
66264144 2			112,500.00	112,031.92	Dec-10-04	9.950%	MI - 90.00%	Paid Off - 360	Jan-14-04
					Page 22 of 28				© COPYRIGHT 2004 Deutsche Bank
66292442 2			166,500.00	165,698.71	Nov-30-04	9.250%	CT - 90.00%	Paid Off - 360	Jan-21-04
66313602 2			126,000.00	125,458.57	Dec-01-04	9.800%	OH - 75.00%	Paid Off - 360	Feb-04-04
66691320 2			82,000.00	81,715.11	Nov-17-04	10.250%	SC - 68.91%	Paid Off - 360	Feb-28-04
66788944 2			60,000.00	59,813.42	Nov-22-04	11.400%	AL - 80.00%	Paid Off - 360	Jan-30-04
66838608 2			219,000.00	217,919.94	Dec-07-04	9.350%	MI - 60.00%	Paid Off - 360	Jan-23-04
67163964 2			75,750.00	75,555.19	Dec-09-04	12.500%	LA - 75.00%	Paid Off - 360	Jan-27-04
67239442 2			315,000.00	313,893.59	Dec-03-04	10.750%	CA - 90.00%	Paid Off - 360	Jan-21-04
67397943 2			579,700.00	576,757.11	Nov-15-04	8.990%	MA - 85.00%	Paid Off - 360	Jan-31-04
67425926 2			60,000.00	59,744.30	Nov-30-04	9.250%	CA - 75.00%	Paid Off - 360	Feb-10-04
67453787 2			72,720.00	72,577.05	Dec-01-04	12.850%	AZ - 90.00%	Paid Off - 360	Feb-10-04
67585448 2			150,000.00	148,184.16	Dec-01-04	9.800%	CO - 83.33%	Paid Off - 360	Jan-29-04
67614842 2			97,750.00	97,370.64	Nov-19-04	9.700%	IL - 74.62%	Paid Off - 360	Feb-19-04
67965061 2			367,500.00	363,690.50	Nov-30-04	5.500%	CA - 91.88%	Paid Off - 360	Jan-31-04
68070549 2			432,000.00	427,784.29	Nov-11-04	5.650%	CA - 86.40%	Paid Off - 360	Jan-31-04
68166867 2			562,500.00	559,181.56	Nov-26-04	8.250%	CA - 75.00%	Paid Off - 360	Jan-27-04
68325828 2			599,999.00	594,902.59	Nov-11-04	5.750%	CA - 77.42%	Paid Off - 360	Feb-18-04
68516327 2			352,750.00	351,033.58	Nov-24-04	9.350%	MS - 85.00%	Paid Off - 360	Jan-30-04
68694363 2			400,000.00	396,440.68	Dec-07-04	5.500%	MA - 88.89%	Paid Off - 360	Feb-02-04
68738608 2			68,800.00	68,627.68	Nov-30-04	11.750%	FL - 83.90%	Paid Off - 360	Feb-02-04
69053262 2			68,000.00	67,746.94	Dec-09-04	9.900%	KS - 85.00%	Paid Off - 360	Feb-24-04
					Page 23 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	Mortgage Pass-Through Certificates
	Realized Loss 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
69092765 2			395,250.00	392,223.40	Dec-02-04	6.300%	CA - 85.00%	Paid Off - 360	Feb-24-04
69407047 2			69,000.00	68,778.52	Nov-26-04	10.600%	MN - 60.00%	Paid Off - 360	Feb-09-04
69462521 2			495,000.00	492,274.60	Nov-29-04	7.990%	MD - 90.00%	Paid Off - 360	Feb-18-04
69596583 2			369,000.00	366,826.09	Dec-08-04	7.650%	CA - 90.00%	Paid Off - 360	Feb-24-04
69921641 2			292,500.00	291,266.41	Dec-01-04	9.300%	MD - 90.00%	Paid Off - 360	Feb-27-04
69966281 2			103,600.00	103,353.82	Nov-12-04	11.990%	TX - 70.00%	Paid Off - 360	Feb-17-04
69989804 2			368,500.00	366,471.08	Nov-18-04	7.990%	MD - 76.77%	Paid Off - 360	Feb-20-04
70020581 2			155,000.00	154,243.27	Dec-02-04	9.550%	MA - 71.43%	Paid Off - 360	Feb-28-04
70232103 2			467,500.00	466,427.51	Nov-29-04	12.150%	CA - 85.00%	Paid Off - 360	Feb-25-04
70381082 2			498,404.00	495,226.95	Nov-16-04	7.250%	CA - 73.84%	Paid Off - 360	Feb-24-04
70640602 2			360,000.00	358,300.05	Dec-10-04	8.750%	CA - 90.00%	Paid Off - 360	Feb-26-04
70748009 2			346,000.00	343,569.34	Nov-16-04	6.750%	FL - 83.37%	Paid Off - 360	Feb-20-04
70859848 2			425,000.00	422,223.47	Nov-15-04	7.990%	CA - 85.00%	Paid Off - 360	Feb-27-04
71201024 2			76,500.00	76,149.69	Nov-26-04	8.250%	MO - 85.00%	Paid Off - 360	Mar-17-04
71320261 2			346,871.00	344,503.83	Dec-02-04	6.900%	CA - 61.94%	Paid Off - 360	Feb-27-04
71566947 2			280,000.00	278,924.68	Nov-26-04	9.750%	CA - 62.92%	Paid Off - 360	Feb-29-04
72015506 2			403,400.00	400,704.21	Nov-12-04	6.300%	CA - 85.83%	Paid Off - 360	Mar-16-04
					Page 24 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	Mortgage Pass-Through Certificates
	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					-	-	-
	Collateral Realized Loss/(Gain) Amount					-10.00	-	-10.00
	Net Liquidation Proceeds					-(10.00)	-	-(10.00)
	Cumulative
	Number of Loans Liquidated					-1	-	-1
	Collateral Realized Loss/(Gain) Amount					-14,540.77	-	-14,540.77
	Net Liquidation Proceeds					-103,911.94	-	-103,911.94
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage							0.~~0000~~0015%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 23 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 25 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.0002%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.0001%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.0019%	0.00%	0.0006%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.0007%	0.00%	0.0002%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					01.0010%	0.00%	0.0033%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.0058%	0.00%	0.0017%
	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 24 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 26 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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 25 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 27 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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 = 0
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 0.00						Loan Group 2 = Group 2
Total Current Realized Loss Amount = 0.00
Total Current Realized Loss Amount = 10.00
Total Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Realized Loss Amount = 10.00
Total Net Liquidation Proceeds = 0.00
Total Net Liquidation Proceeds = -10.00
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)
SPACE INTENTIONALLY LEFT BLANK
					Page 26 of 28				© COPYRIGHT 2004 Deutsche Bank
					Page 28 of 30				© COPYRIGHT 2004 Deutsche Bank
	Ameriquest Mortgage Securities, Inc. 2004-R3
	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))							25.7298%
	(x) 60+ Day Delinq. Loans (incl. FCLs, REOs & BKs)							2345,~~693~~444,~~380~~653.9375
	(y) Stated Principal Balance of the Mortgage Loans							~~871~~760,~~107~~383,~~989~~500.5599
	(B) 16.50%							89.~~8357~~9878%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.~~0000~~0015%
	(x) Aggregate Realized Losses to date							014,540.0077
	(y) Cut-off Date Principal Bal. of the Mortgage Loans							1,000,000,582.74
	(B) Applicable Percentage							100.0000%
	Credit Enhancement Percentage							2225.~~3853~~6450%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
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	Ameriquest Mortgage Securities, Inc. 2004-R3
	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
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Filing Compare · AMERIQUEST MORTGAGE SEC INC ASSET BK PAS THR CERT SE 2004 R3