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) Argent 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-W5) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-109164-07 77-0599834 (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 Argent 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.

	Argent Mortgage Securities, Inc. 2004-W5
	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				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				2324
			12.	Realized Loss Detail Report				2627
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2728
			14.	Other Related Information				2829
				Total Number of Pages				2829
			CONTACTS
				Administrator:
				Administrator: Nicholas Gisler
				Direct Phone Number:
				Direct Phone Number: (714)247-6268
				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 6, 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):		Deutsche Bank Securities Lead Underwriter					Record Date: ~~September~~December 24, 2004
			Banc of America Securities LLC Lead Underwriter					~~August~~November 3130, 2004
			Citigroup
			CS First Boston
			UBS Investment Bank
						Page 1 of 28					© COPYRIGHT 2004 Deutsche Bank
						Page 1 of 29					© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	Mortgage Pass-Through Certificates
	REMIC II
	REMIC II Series 2004-W5
	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)
AV-1	FLT, STEP	643,230,000.00			~~590~~516,~~286~~793,~~090~~475.9453	~~998~~1,~~321~~072,770.3538	2029,~~130~~510,~~606~~793.8788	2130,~~128~~583,~~928~~564.2226	-	-	~~570~~487,~~155~~282,~~484~~681.0765
AV-2	FLT, STEP	71,470,000.00			71,470,000.00	~~139~~166,~~872~~206.7552	-	~~139~~166,~~872~~206.7552	-	-	71,470,000.00
AV-3A	FLT, STEP	97,378,000.00			7754,~~336~~612,~~512~~692.2963	~~122~~107,~~288~~722.3682	69,~~052~~576,~~472~~346.0777	69,~~174~~684,~~760~~069.4359	-	-	7145,~~284~~036,~~040~~345.2286
AV-3B	FLT, STEP	91,422,000.00			91,422,000.00	~~173~~207,~~054~~095.2303	-	~~173~~207,~~054~~095.2303	-	-	91,422,000.00
AF-1	FLT	47,100,000.00			4031,~~487~~367,~~158~~804.5469	6461,~~020~~872.3259	3,~~181~~205,~~393~~518.9602	3,~~245~~267,~~414~~390.2861	-	-	3728,~~305~~162,~~764~~286.5867
AF-2	CSTR, AFC	11,100,000.00			11,100,000.00	21,922.50	-	21,922.50	-	-	11,100,000.00
AF-3	CSTR, AFC	31,200,000.00			31,200,000.00	74,100.00	-	74,100.00	-	-	31,200,000.00
AF-4	CSTR, AFC	10,000,000.00			10,000,000.00	33,416.67	-	33,416.67	-	-	10,000,000.00
AF-5	CSTR, AFC	16,430,000.00			16,430,000.00	67,773.75	-	67,773.75	-	-	16,430,000.00
AF-6	CSTR, AFC	12,870,000.00			12,870,000.00	44,937.75	-	44,937.75	-	-	12,870,000.00
M-1	MEZ, FLT, S	84,500,000.00			84,500,000.00	~~171~~202,~~570~~329.2145	-	~~171~~202,~~570~~329.2145	-	-	84,500,000.00
M-2	MEZ, FLT, S	69,550,000.00			69,550,000.00	~~186~~209,~~480~~054.9480	-	~~186~~209,~~480~~054.9480	-	-	69,550,000.00
M-3	MEZ, FLT, S	19,500,000.00			19,500,000.00	5561,~~680~~803.6391	-	5561,~~680~~803.6391	-	-	19,500,000.00
M-4	MEZ, FLT, S	15,600,000.00			15,600,000.00	5055,~~979~~488.5013	-	5055,~~979~~488.5013	-	-	15,600,000.00
M-5	MEZ, FLT, S	13,000,000.00			13,000,000.00	4448,~~866~~479.2500	-	4448,~~866~~479.2500	-	-	13,000,000.00
M-6	MEZ, FLT, S	13,650,000.00			13,650,000.00	6063,~~873~~832.3153	-	6063,~~873~~832.3153	-	-	13,650,000.00
M-7	MEZ, FLT, S	16,900,000.00			16,900,000.00	7579,~~366~~030.9675	-	7579,~~366~~030.9675	-	-	16,900,000.00
CE	SUB,EXE	35,095,007.77			35,099,867.91	43,~~209~~286,~~278~~948.3774	-	43,~~209~~286,~~278~~948.3774	-	-	35,099,867.91
P	SUB	100.00			100.00	~~500~~807,~~781~~668.0802	-	~~500~~807,~~781~~668.0802	-	-	100.00
R	R	-			-	-	-	-	-	-	-
R-X	R	-			-	-	-	-	-	-	-
Total		1,299,995,107.77			1,~~220~~115,~~401~~065,~~729~~940.6876	76,~~095~~672,~~584~~453.9334	2942,~~364~~292,~~472~~658.9067	3648,~~460~~965,~~057~~112.8301	-	-	1,~~191~~072,~~037~~773,~~256~~282.7809
	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)
AV-1	0811/2526/04	0912/26/04		A-Act/360	040104HU8	643,230,000.00	~~917~~803.~~690548~~434970	1.~~552044~~667787	3145.~~296126~~879070	3247.~~848170~~546856	~~886~~757.~~394422~~555900
AV-2	0811/2526/04	0912/26/04		A-Act/360	040104HD6	71,470,000.00	1,000.000000	12.~~957083~~325542	-	12.~~957083~~325542	1,000.000000
AV-3A	0811/2526/04	0912/26/04		A-Act/360	040104HE4	97,378,000.00	~~794~~560.~~188752~~831940	1.~~255811~~106234	6298.~~154409~~341995	6399.~~410220~~448228	~~732~~462.~~034343~~489945
AV-3B	0811/2526/04	0912/26/04		A-Act/360	040104HT1	91,422,000.00	1,000.000000	12.~~892917~~265265	-	12.~~892917~~265265	1,000.000000
AF-1	0811/2526/04	0912/26/04		A-Act/360	040104HF1	47,100,000.00	~~859~~665.~~599969~~983114	1.~~359242~~313643	6768.~~545519~~057707	6869.~~904762~~371351	~~792~~597.~~054450~~925407
AF-2				F-30/360	040104HG9	11,100,000.00	1,000.000000	1.975000	-	1.975000	1,000.000000
AF-3				F-30/360	040104HH7	31,200,000.00	1,000.000000	2.375000	-	2.375000	1,000.000000
AF-4				F-30/360	040104HJ3	10,000,000.00	1,000.000000	3.341667	-	3.341667	1,000.000000
AF-5				F-30/360	040104HK0	16,430,000.00	1,000.000000	4.125000	-	4.125000	1,000.000000
AF-6				F-30/360	040104HL8	12,870,000.00	1,000.000000	3.491667	-	3.491667	1,000.000000
M-1	0811/2526/04	0912/26/04		A-Act/360	040104HM6	84,500,000.00	1,000.000000	2.~~030417~~394431	-	2.~~030417~~394431	1,000.000000
M-2	0811/2526/04	0912/26/04		A-Act/360	040104HN4	69,550,000.00	1,000.000000	23.~~681250~~005820	-	23.~~681250~~005820	1,000.000000
M-3	0811/2526/04	0912/26/04		A-Act/360	040104HP9	19,500,000.00	1,000.000000	23.~~855417~~169431	-	23.~~855417~~169431	1,000.000000
M-4	0811/2526/04	0912/26/04		A-Act/360	040104HQ7	15,600,000.00	1,000.000000	3.~~267917~~556931	-	3.~~267917~~556931	1,000.000000
M-5	0811/2526/04	0912/26/04		A-Act/360	040104HR5	13,000,000.00	1,000.000000	3.~~451250~~729154	-	3.~~451250~~729154	1,000.000000
M-6	0811/2526/04	0912/26/04		A-Act/360	040104HS3	13,650,000.00	1,000.000000	4.~~459583~~676376	-	4.~~459583~~676376	1,000.000000
M-7	0811/2526/04	0912/26/04		A-Act/360	040104HV6	16,900,000.00	1,000.000000	4.~~459583~~676376	-	4.~~459583~~676376	1,000.000000
CE				A-30/360		35,095,007.77	3532,~~774~~772.~~364429~~917909	~~119~~93.~~939520~~658584	-	~~119~~93.~~939520~~658584	3431,~~937~~567.~~650754~~827460
P				-		100.00	1,000.000000	58,~~007~~076,~~810~~680.~~800000~~200000	-	58,~~007~~076,~~810~~680.~~800000~~200000	1,000.000000
R				-		-	-	-	-	-	-
R-X				-		-	-	-	-	-	-
							Page 2 of 28				© COPYRIGHT 2004 Deutsche Bank
							Page 2 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	Mortgage Pass-Through Certificates
	REMIC II
	REMIC II Series 2004-W5
	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)
AV-1	643,230,000.00		47,~~556~~597,~~844~~487.2678		69150,~~338~~006,~~628~~775.5172	35,~~735~~940,~~887~~542.4263	73155,~~074~~947,~~515~~318.9335	77163,~~631~~544,~~360~~806.1913	-	-	~~570~~487,~~155~~282,~~484~~681.0765
AV-2	71,470,000.00		~~625~~1,~~531~~078,729.2553		-	-	-	~~625~~1,~~531~~078,729.2553	-	-	71,470,000.00
AV-3A	97,378,000.00		~~590~~921,~~767~~640.8548		918,~~318~~218,~~830~~093.8735	1634,~~775~~123,~~128~~560.9179	2652,~~093~~341,~~959~~654.7814	2653,~~684~~263,~~727~~294.6362	-	-	7145,~~284~~036,~~040~~345.2286
AV-3B	91,422,000.00		~~769~~1,~~227~~332,766.2651		-	-	-	~~769~~1,~~227~~332,766.2651	-	-	91,422,000.00
AF-1	47,100,000.00		~~301~~482,~~205~~304.5111		918,~~318~~218,~~830~~093.8735	~~475~~719,~~404~~619.5598	918,~~794~~937,~~235~~713.4233	1019,~~095~~420,~~440~~017.9344	-	-	3728,~~305~~162,~~764~~286.5867
AF-2	11,100,000.00		~~109~~175,~~612~~380.5000		-	-	-	~~109~~175,~~612~~380.5000	-	-	11,100,000.00
AF-3	31,200,000.00		~~370~~592,~~500~~800.00		-	-	-	~~370~~592,~~500~~800.00	-	-	31,200,000.00
AF-4	10,000,000.00		~~167~~267,~~083~~333.3536		-	-	-	~~167~~267,~~083~~333.3536	-	-	10,000,000.00
AF-5	16,430,000.00		~~338~~542,~~868~~190.7500		-	-	-	~~338~~542,~~868~~190.7500	-	-	16,430,000.00
AF-6	12,870,000.00		~~224~~359,~~688~~502.7500		-	-	-	~~224~~359,~~688~~502.7500	-	-	12,870,000.00
M-1	84,500,000.00		~~772~~1,~~247~~325,158.8541		-	-	-	~~772~~1,~~247~~325,158.8541	-	-	84,500,000.00
M-2	69,550,000.00		~~874~~1,~~291~~454,202.8167		-	-	-	~~874~~1,~~291~~454,202.8167	-	-	69,550,000.00
M-3	19,500,000.00		~~263~~434,~~036~~993.0530		-	-	-	~~263~~434,~~036~~993.0530	-	-	19,500,000.00
M-4	15,600,000.00		~~244~~399,~~358~~669.8362		-	-	-	~~244~~399,~~358~~669.8362	-	-	15,600,000.00
M-5	13,000,000.00		~~216~~352,~~199~~196.0291		-	-	-	~~216~~352,~~199~~196.0291	-	-	13,000,000.00
M-6	13,650,000.00		~~299~~480,~~581~~333.4884		-	-	-	~~299~~480,~~581~~333.4884	-	-	13,650,000.00
M-7	16,900,000.00		~~370~~594,~~910~~699.4105		-	-	-	~~370~~594,~~910~~699.4105	-	-	16,900,000.00
CE	35,095,007.77		2334,~~125~~357,~~526~~883.4114		-	-	-	2334,~~125~~357,~~526~~883.4114	-	4,860.14	35,099,867.91
P	100.00		13,~~602~~774,~~502~~402.4335		-	-	-	13,~~602~~774,~~502~~402.4335	-	-	100.00
R	-		-		-	-	-	-	-	-	-
R-X	-		-		-	-	-	-	-	-	-
Total	1,299,995,107.77		3556,~~822~~523,~~983~~673.7706		87186,~~976~~442,~~290~~962.2542	2040,~~986~~783,~~420~~723.8840	~~108~~227,~~962~~226,~~711~~685.1382	~~144~~283,~~785~~750,~~694~~358.9088	-	4,860.14	1,~~191~~072,~~037~~773,~~256~~282.7809
	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)
AV-1	12.~~84500~~41063%	~~590~~516,~~286~~793,~~090~~475.9453			~~998~~1,~~321~~072,770.3538	-	-	-	~~998~~1,~~321~~072,770.3538	~~998~~1,~~321~~072,770.3538	-
AV-2	2.~~13500~~70063%	71,470,000.00			~~139~~166,~~872~~206.7552	-	-	-	~~139~~166,~~872~~206.7552	~~139~~166,~~872~~206.7552	-
AV-3A	12.~~72500~~29063%	7754,~~336~~612,~~512~~692.2963			~~122~~107,~~288~~722.3682	-	-	-	~~122~~107,~~288~~722.3682	~~122~~107,~~288~~722.3682	-
AV-3B	2.~~06500~~63063%	91,422,000.00			~~173~~207,~~054~~095.2303	-	-	-	~~173~~207,~~054~~095.2303	~~173~~207,~~054~~095.2303	-
AF-1	12.~~72500~~29063%	4031,~~487~~367,~~158~~804.5469			6461,~~020~~872.3259	-	-	-	6461,~~020~~872.3259	6461,~~020~~872.3259	-
AF-2	2.37000%	11,100,000.00			21,922.50	-	-	-	21,922.50	21,922.50	-
AF-3	2.85000%	31,200,000.00			74,100.00	-	-	-	74,100.00	74,100.00	-
AF-4	4.01000%	10,000,000.00			33,416.67	-	-	-	33,416.67	33,416.67	-
AF-5	4.95000%	16,430,000.00			67,773.75	-	-	-	67,773.75	67,773.75	-
AF-6	4.19000%	12,870,000.00			44,937.75	-	-	-	44,937.75	44,937.75	-
M-1	2.~~21500~~78063%	84,500,000.00			~~171~~202,~~570~~329.2145	-	-	-	~~171~~202,~~570~~329.2145	~~171~~202,~~570~~329.2145	-
M-2	23.~~92500~~49063%	69,550,000.00			~~186~~209,~~480~~054.9480	-	-	-	~~186~~209,~~480~~054.9480	~~186~~209,~~480~~054.9480	-
M-3	3.~~11500~~68063%	19,500,000.00			5561,~~680~~803.6391	-	-	-	5561,~~680~~803.6391	5561,~~680~~803.6391	-
M-4	34.~~56500~~13063%	15,600,000.00			5055,~~979~~488.5013	-	-	-	5055,~~979~~488.5013	5055,~~979~~488.5013	-
M-5	34.~~76500~~33063%	13,000,000.00			4448,~~866~~479.2500	-	-	-	4448,~~866~~479.2500	4448,~~866~~479.2500	-
M-6	45.~~86500~~43063%	13,650,000.00			6063,~~873~~832.3153	-	-	-	6063,~~873~~832.3153	6063,~~873~~832.3153	-
M-7	45.~~86500~~43063%	16,900,000.00			7579,~~366~~030.9675	-	-	-	7579,~~366~~030.9675	7579,~~366~~030.9675	-
CE	43.~~13939~~53784%	1,~~255~~150,~~501~~165,~~597~~808.5967			43,~~209~~286,~~278~~948.3774	-	-	-	43,~~209~~286,~~278~~948.3774	43,~~209~~286,~~278~~948.3774	-
P		100.00			~~500~~807,~~781~~668.0802	-	-	-	~~500~~807,~~781~~668.0802	~~500~~807,~~781~~668.0802	-
R		-			-	-	-	-	-	-	-
R-X		-			-	-	-	-	-	-	-
Total		2,~~440~~230,~~803~~131,~~459~~881.3652			76,~~095~~672,~~584~~453.9334	-	-	-	76,~~095~~672,~~584~~453.9334	76,~~095~~672,~~584~~453.9334	-
							Page 3 of 28				© COPYRIGHT 2004 Deutsche Bank
							Page 3 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				3,~~181~~194,~~393~~725.9667	69,~~052~~544,~~472~~105.0709	2029,~~130~~411,~~608~~436.0083	2942,~~364~~150,~~474~~267.0359
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				3,~~181~~194,~~393~~725.9667	69,~~052~~544,~~472~~105.0709	2029,~~130~~411,~~608~~436.0083	2942,~~364~~150,~~474~~267.0359
	Interest Collections				~~872~~819,~~483~~853.8299	1,~~130~~006,~~053~~193.5170	4,~~665~~242,~~903~~748.2243	6,~~668~~068,~~440~~796.5512
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	~~500~~807,~~782~~669.2151
	Interest Fees				(98,~~969~~032.6606)	(1310,~~434~~672.1048)	(5042,~~234~~916.0767)	(7361,~~637~~621.8321)
	TOTAL NET INTEREST				~~862~~811,~~514~~821.1693	1995,~~116,619~~521.4122	4,~~615~~199,~~669~~831.1576	76,~~095~~814,~~584~~844.9342
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				4,~~043~~006,~~908~~547.1260	710,~~169~~539,~~091~~626.4831	2433,~~746~~611,~~277~~268.1559	3648,~~460~~965,~~058~~112.9601
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received				~~147~~140,~~121~~858.5094	~~205~~185,~~879~~364.7232	~~748~~694,~~239~~097.41	1,~~101~~020,~~240~~320.6367
	Prepayments In Full				32,~~023~~940,~~277~~985.2313	59,~~457~~351,~~097~~425.0434	1928,~~345~~492,~~443~~766.7392	2740,~~825~~785,~~818~~177.0039
	Curtailments				107,~~995~~754.2367	~~389~~7,~~495~~315.3143	3669,~~923~~159.7327	~~437~~84,~~414~~229.2737
	Liquidations				0.00	0.00	0297,804.0031	0297,804.0031
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0105,126.0093	0.00	0.00	0105,126.0093
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00	0(142,391.0008)	0(142,391.0008)
	Delinquent Principal				(~~127~~125,~~073~~547.7008)	(~~178~~166,~~595~~108.7511)	(~~652~~620,~~828~~100.7788)	(~~958~~911,~~498~~756.2207)
	Advanced Principal				~~127~~125,~~073~~547.7008	~~178~~166,~~595~~108.7511	~~652~~620,~~828~~100.7788	~~958~~911,~~498~~756.2207
	TOTAL PRINCIPAL COLLECTED				3,~~181~~194,~~393~~725.9667	69,~~052~~544,~~472~~105.0709	2029,~~130~~411,~~608~~436.0083	2942,~~364~~150,~~474~~267.0359
				Page 4 of 28				© COPYRIGHT 2004 Deutsche Bank
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	Argent Mortgage Securities, Inc. 2004-W5
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	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				~~927~~872,~~529~~354.8581	1,~~207~~077,~~659~~060.1753	4,~~970~~521,~~334~~837.0189	76,~~105~~471,~~523~~253.0323
	Liquidation Interest				0.00	0.00	01,931.0017	01,931.0017
	Repurchased Interest				0670.0018	0.00	0.00	0670.0018
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Relief Act Interest Shortfalls				0.00	0.00	(~~490~~489.7017)	(~~490~~489.7017)
	Prepayment Interest Shortfalls				(21,~~301~~816.7749)	(46,~~581~~031.2706)	(1118,~~382~~730.5301)	(1826,~~265~~577.5756)
	Compensating Interest				21,~~301~~816.7749	46,~~581~~031.2706	1118,~~382~~730.5301	1826,~~265~~577.5756
	Delinquent Interest				(~~789~~763,~~632~~373.2470)	(1944,~~038,670~~399.9560)	(43,~~298~~947,~~190~~447.9488)	(65,~~126~~655,~~494~~221.1318)
	Interest Advanced				~~734~~710,~~586~~202.2170	~~961~~873,~~065~~532.2977	3,~~994~~666,~~250~~916.8542	5,~~689~~250,~~902~~651.3589
	TOTAL INTEREST COLLECTED				~~872~~819,~~483~~853.8299	1,~~130~~006,~~053~~193.5170	4,~~665~~242,~~903~~748.2243	6,~~668~~068,~~440~~796.5512
				Page 5 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 5 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Prepayment Charges							~~500~~807,~~781~~668.0802
	Net WAC Reserve Account Interest Earnings							1.1349
	TOTAL INTEREST OTHER ACCOUNTS							~~500~~807,~~782~~669.2151
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				97,~~749~~824.3667	1310,~~125~~396.6119	4941,~~033~~820.9667	7160,~~908~~041.9353
	PMI Fees				0.00	0.00	0.00	0.00
	Trustee Fee				~~220~~207.3039	~~308~~276.4929	1,~~200~~096.1100	1,~~728~~579.9068
	TOTAL INTEREST OTHER FEES				98,~~969~~032.6606	1310,~~434~~672.1048	5042,~~234~~916.0767	7361,~~637~~621.8321
				Page 6 of 28				© COPYRIGHT 2004 Deutsche Bank
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	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	Beginning Net WAC Rate Carryover Reserve Account							1,000.00
	Deposits to Net WAC Rate Carryover Reserve Account							0.00
	Withdrawals from Net WAC Rate Carryover Reserve Account							0.00
	Ending Net WAC Rate Carryover Reserve Account							1,000.00
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							35,099,867.91
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							0142,391.0008
	Overcollateralization Target Amount							35,099,867.91
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							0142,391.0008
				Page 7 of 28				© COPYRIGHT 2004 Deutsche Bank
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	Argent Mortgage Securities, Inc. 2004-W5
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	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				902	741	5529	7172
	Prior				~~876~~830	~~690~~631	54,~~252~~861	6,~~818~~322
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(1516)	(1426)	(~~106~~153)	(~~135~~195)
	Repurchases				-(1)	-	-	-(1)
	Liquidations				-	-	-(2)	-(2)
	Current				~~861~~813	~~676~~605	54,~~146~~706	6,~~683~~124
	Principal Balance:
	Original				162,121,521.43	237,795,067.51	900,078,518.83	1,299,995,107.77
	Prior				~~155~~146,~~508~~389,~~942~~588.7590	~~217~~195,~~755~~031,~~062~~242.1852	~~847~~773,~~137~~645,~~724~~109.7534	1,~~220~~115,~~401~~065,~~729~~940.6876
	Prefunding				-	-	-	-
	Scheduled Principal				(~~147~~140,~~121~~858.5094)	(~~205~~185,~~879~~364.7232)	(~~748~~694,~~239~~097.41)	(1,~~101~~020,~~240~~320.6367)
	Partial and Full Voluntary Prepayments				(32,~~034~~948,~~272~~739.4680)	(59,~~846~~358,~~592~~740.3577)	(1928,~~382~~561,~~367~~926.4619)	(2840,~~263~~869,~~232~~406.2776)
	Repurchases				-(105,126.93)	-	-	-(105,126.93)
	Liquidations				-	-	-(297,804.31)	-(297,804.31)
	Current				~~152~~143,~~327~~194,~~548~~863.7923	~~211~~185,~~702~~487,~~590~~137.1143	~~827~~744,~~007~~091,~~117~~281.8843	1,~~191~~072,~~037~~773,~~256~~282.7809
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 8 of 29				© COPYRIGHT 2004 Deutsche Bank
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	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				7.153077%	6.692794%	7.059620%	7.004175%
	Weighted Average Coupon Prior				7.~~149222~~154591%	6.~~660710~~622288%	7.~~047790~~027011%	6.~~991905~~972186%
	Weighted Average Coupon Current				7.~~157375~~156451%	6.~~655143~~627003%	7.~~040651~~016813%	6.~~986738~~966965%
	Weighted Average Months to Maturity Original				347	355	355	354
	Weighted Average Months to Maturity Prior				~~344~~341	~~352~~348	~~352~~348	~~351~~347
	Weighted Average Months to Maturity Current				~~343~~340	~~351~~347	~~350~~347	~~349~~346
	Weighted Avg Remaining Amortization Term Original				347	354	354	353
	Weighted Avg Remaining Amortization Term Prior				~~344~~341	~~351~~348	~~351~~348	~~350~~347
	Weighted Avg Remaining Amortization Term Current				~~342~~340	~~350~~347	~~350~~347	~~349~~346
	Weighted Average Seasoning Original				2.67	2.61	2.61	2.62
	Weighted Average Seasoning Prior				58.6665	58.59	58.60	58.61
	Weighted Average Seasoning Current				69.65	69.5960	69.60	69.6160
Note: Original information refers to deal issue.
	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 28				© COPYRIGHT 2004 Deutsche Bank
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	Argent Mortgage Securities, Inc. 2004-W5
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	Collateral Report
ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.455%	4.068%
	Weighted Average Margin Prior					3.~~373~~229%	43.~~051~~988%
	Weighted Average Margin Current					3.~~341~~198%	43.~~032~~962%
	Weighted Average Max Rate Original				0.022%	7.714%	9.983%
	Weighted Average Max Rate Prior				0.~~022~~023%	7.~~499~~161%	9.~~928~~784%
	Weighted Average Max Rate Current				0.~~022~~024%	7.~~433~~112%	9.~~884~~732%
	Weighted Average Min Rate Original				0.022%	4.112%	5.478%
	Weighted Average Min Rate Prior				0.~~022~~023%	3.~~993~~801%	5.~~444~~361%
	Weighted Average Min Rate Current				0.~~022~~024%	3.~~957~~780%	5.~~419~~330%
	Weighted Average Cap Up Original					0.600%	0.751%
	Weighted Average Cap Up Prior					0.~~584~~560%	0.~~747~~737%
	Weighted Average Cap Up Current					0.~~579~~555%	0.~~744~~734%
	Weighted Average Cap Down Original					0.600%	0.751%
	Weighted Average Cap Down Prior					0.~~584~~560%	0.~~747~~737%
	Weighted Average Cap Down Current					0.~~579~~555%	0.~~744~~734%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				97,~~749~~824.3667	1310,~~125~~396.6119	4941,~~033~~820.9667	7160,~~908~~041.9353
	Delinquent Servicing Fees				5553,~~046~~170.0399	7770,~~605~~866.6783	~~303~~280,~~940~~531.0946	~~436~~404,~~591~~569.7928
	TOTAL SERVICING FEES				6460,~~795~~995.3966	9081,~~731~~263.2802	~~352~~322,~~974~~352.0513	~~508~~464,~~500~~610.7281
	Compensating Interest				(21,~~301~~816.7749)	(46,~~581~~031.2706)	(1118,~~382~~730.5301)	(1826,~~265~~577.5756)
	Aggregate Advances with respect to this Distribution				~~861~~835,~~659~~749.9178	1,~~139~~039,~~661~~640.0488	4,~~647~~287,~~079~~017.6230	6,~~648~~162,~~400~~407.5796
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall				0.00	0.00	0.00	0.00
	Aggregate Relief Act Shortfalls							(~~490~~489.7017)
				Page 10 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 10 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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			1419,~~227~~021,~~870~~077.2674	9,~~250~~994,~~602~~907.9179	57,~~531~~373,~~236~~911.6000	2936,~~009~~389,~~709~~896.7753
		% Balance			1.1977%	0.7893%	0.4669%	23.4439%
		# Loans			86123	5764	2947	~~172~~234
		% # Loans			12.2901%	01.8505%	0.4377%	23.5782%
FORECLOSURE		Balance		-119,090.87	-	-227,974.00	515,~~313~~040,~~965~~980.7959	515,~~313~~388,~~965~~045.7946
		% Balance		0.0001%	0.00%	0.0002%	01.4540%	01.4543%
		# Loans		-1	-	-1	3399	33101
		% # Loans		0.0002%	0.00%	0.0002%	01.4962%	01.4965%
BANKRUPTCY		Balance		13,~~371~~333,~~905~~326.0464	~~569~~267,~~788~~978.0398	~~279~~214,~~698~~275.6841	~~581~~4,~~540~~067,577.6530	27,~~802~~883,~~932~~158.4033
		% Balance		0.1231%	0.0502%	0.02%	0.0538%	0.2473%
		# Loans		1122	41	12	525	2150
		% # Loans		0.1636%	0.0602%	0.0103%	0.0741%	0.3182%
REO		Balance		-	-	-	-905,724.18	-905,724.18
		% Balance		0.00%	0.00%	0.00%	0.0008%	0.0008%
		# Loans		-	-	-	-7	-7
		% # Loans		0.00%	0.00%	0.00%	0.0011%	0.0011%
TOTAL		Balance		13,~~371~~452,~~905~~417.0451	1419,~~797~~289,~~658~~056.2972	910,~~530~~437,~~301~~157.5920	1127,~~426~~388,~~743~~193.0407	3760,~~126~~566,~~607~~824.9650
		% Balance		0.1232%	1.2480%	0.8097%	02.9655%	35.1265%
		# Loans		1123	90124	5867	67178	~~226~~392
		% # Loans		0.1638%	12.3502%	01.8709%	12.0091%	36.3840%
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 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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			1014,~~851~~922,~~059~~827.5086	67,~~635~~992,~~126~~517.6654	45,~~011~~118,~~475~~544.7855	2128,~~497~~033,~~661~~889.9495
		% Balance			12.3101%	01.8007%	0.4969%	23.6077%
		# Loans			7399	4452	2336	~~140~~187
		% # Loans			12.4210%	01.8610%	0.4576%	23.7297%
FORECLOSURE		Balance		-119,090.87	-	-227,974.00	411,~~097~~042,~~435~~421.2497	411,~~097~~389,~~435~~486.2484
		% Balance		0.0002%	0.00%	0.0003%	01.5048%	01.5053%
		# Loans		-1	-	-1	3084	3086
		% # Loans		0.0002%	0.00%	0.0002%	01.5878%	01.5883%
BANKRUPTCY		Balance		~~752~~2,~~240~~663,964.1128	~~457~~267,~~069~~978.4998	~~279~~101,~~698~~821.6836	~~581~~2,~~540~~630,716.6573	25,~~070~~664,~~548~~481.9335
		% Balance		0.0936%	0.0604%	0.0301%	0.0735%	0.2576%
		# Loans		719	31	1	520	1641
		% # Loans		0.1440%	0.0602%	0.02%	0.1042%	0.3187%
REO		Balance		-	-	-	-842,259.38	-842,259.38
		% Balance		0.00%	0.00%	0.00%	0.0011%	0.0011%
		# Loans		-	-	-	-6	-6
		% # Loans		0.00%	0.00%	0.00%	0.0013%	0.0013%
TOTAL		Balance		~~752~~2,~~240~~783,055.1115	1115,~~308~~190,~~128~~806.9984	68,~~914~~322,~~825~~312.3490	819,~~690~~633,~~451~~942.6763	2745,~~665~~930,~~646~~117.1152
		% Balance		0.0937%	12.3704%	01.8412%	12.0564%	36.3517%
		# Loans		720	76100	4554	58146	~~186~~320
		% # Loans		0.1442%	12.4812%	01.8715%	13.1310%	36.6180%
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 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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			2,~~725~~180,~~885~~872.5209	1670,~~770,873~~620.6997	1636,~~076,777~~133.9521	53,~~573~~487,~~537~~626.1627
		% Balance			1.2918%	0.8436%	0.5134%	21.6388%
		# Loans			911	73	32	1916
		% # Loans			1.3382%	10.0450%	0.4433%	2.8164%
FORECLOSURE		Balance		-	-	-	13,~~216~~461,~~530~~324.5513	13,~~216~~461,~~530~~324.5513
		% Balance		0.00%	0.00%	0.00%	01.5787%	01.5787%
		# Loans		-	-	-	310	310
		% # Loans		0.00%	0.00%	0.00%	01.4465%	01.4465%
BANKRUPTCY		Balance		~~426~~669,~~878~~362.0736	~~112,718.54~~-	-112,454.05	-1,436,860.57	~~539~~2,~~596~~218,676.6198
		% Balance		0.2036%	0.0500%	0.0006%	0.0077%	01.2520%
		# Loans		23	1-	-1	-5	39
		% # Loans		0.3050%	0.1500%	0.0017%	0.0083%	01.4449%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~426~~669,~~878~~362.0736	2,~~838~~180,~~604~~872.0609	1783,~~770,873~~075.6902	25,~~293~~534,~~308~~317.5091	79,~~329~~167,~~664~~627.3238
		% Balance		0.2036%	1.3418%	0.8442%	12.0898%	34.4694%
		# Loans		23	1011	74	617	2535
		% # Loans		0.3050%	1.4882%	10.0466%	02.8981%	35.7079%
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 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~650~~1,~~925~~917,377.2479	~~844~~1,~~602~~331,769.5628	~~442~~1,~~982~~619,233.8724	14,~~938~~868,~~510~~380.6731
		% Balance			01.4334%	0.5593%	01.2913%	13.2740%
		# Loans			413	69	39	1331
		% # Loans			01.4660%	01.7011%	01.3511%	13.5181%
FORECLOSURE		Balance		-	-	-	-537,234.49	-537,234.49
		% Balance		0.00%	0.00%	0.00%	0.38%	0.38%
		# Loans		-	-	-	5	5
		% # Loans		0.00%	0.00%	0.00%	0.62%	0.62%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		192,786.86	-	-	-	192,786.86
REO		Balance		-	-	-	63,464.80	63,464.80
		% Balance		0.1300%	0.00%	0.00%	0.0004%	0.1304%
		# Loans		2-	-	-	-1	21
		% # Loans		0.2300%	0.00%	0.00%	0.0012%	0.2312%
REO		Balance		-	-	-	-	-
TOTAL		Balance		-	1,917,377.79	1,331,769.28	2,219,932.53	5,469,079.60
		% Balance		0.00%	01.0034%	0.0093%	01.0055%	03.0082%
		# Loans		-	-13	-9	-15	-37
		% # Loans		0.00%	01.0060%	01.0011%	01.0085%	04.0055%
TOTAL		Balance		192,786.86	650,925.24	844,602.56	442,982.87	2,131,297.53
		% Balance		0.13%	0.43%	0.55%	0.29%	1.40%
		# Loans		2	4	6	3	15
		% # Loans		0.23%	0.46%	0.70%	0.35%	1.74%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 14 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 14 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 = 3				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 = 501,100.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 000.00				Loan Group 3 = Group 3; REO Book Value = 000.00
Total Current Balance = 497,107.51				Loan Group 3 = Group 3; REO Book Value = Not Available
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
54953617 1		357,000.00	354,081.22	Mar-01-04	7.150%	CO - 85.00%	360	Jan-08-04
				Page 15 of 28				© COPYRIGHT 2004 Deutsche Bank
55974315 1		80,100.00	79,561.49	May-01-04	7.600%	MI - 90.00%	360	Feb-23-04
55883854 3		64,000.00	63,464.80	Jun-01-04	6.800%	MI - 36.78%	360	Feb-18-04
				Page 15 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 = 22				Loan Group 1 = Group 1
Total Loan Count = 38				Loan Group 1 = Group 1
Total Original Principal Balance = 3,758,050.00				Loan Group 2 = Group 2
Total Original Principal Balance = 5,482,056.00				Loan Group 2 = Group 2
Total Current Balance = 3,740,106.74				Loan Group 3 = Group 3
Total Current Balance = 5,443,946.59				Loan Group 3 = Group 3
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
54907332 1		71,200.00	70,862.01	Feb-01-04	8.000%	WI - 80.00%	360	Jan-07-04
52886256 1		262,400.00	260,658.14	Jun-01-04	9.950%	CA - 80.00%	360	Oct-02-03
54953617 1		357,000.00	354,974.98	Mar-01-04	7.150%	CO - 85.00%	360	Jan-08-04
54294715 1		112,500.00	111,819.32	May-01-04	9.150%	GA - 90.00%	360	Dec-05-03
55187454 1		206,000.00	204,828.97	Mar-01-04	7.830%	CA - 80.00%	360	Jan-08-04
54662838 1		142,500.00	141,454.86	Apr-01-04	8.200%	UT - 95.00%	360	Jan-09-04
55198352 1		67,500.00	67,094.19	Mar-01-04	6.850%	TN - 90.00%	360	Jan-27-04
54691878 1		72,000.00	71,613.48	Jun-01-04	9.250%	IL - 90.00%	360	Jan-26-04
55204192 1		63,000.00	62,709.64	Apr-01-04	8.300%	IN - 90.00%	360	Jan-09-04
54840376 1		85,000.00	84,199.13	Jul-01-04	6.550%	MI - 77.27%	360	Jan-05-04
55264634 1		76,000.00	75,632.12	Mar-01-04	7.950%	MI - 95.00%	360	Jan-21-04
55003297 1		126,000.00	124,999.71	Jun-01-04	7.300%	MI - 90.00%	360	Jan-20-04
55330559 1		90,250.00	89,722.99	Apr-01-04	7.000%	IL - 95.00%	360	Jan-08-04
55093595 1		85,200.00	84,893.29	Jul-01-04	11.150%	PA - 60.00%	360	Jan-21-04
55453757 1		135,000.00	134,081.57	Mar-01-04	6.450%	MI - 90.00%	360	Jan-29-04
55120554 1		72,250.00	71,653.58	May-01-04	7.100%	MI - 85.00%	360	Jan-05-04
55462535 1		107,950.00	107,466.51	Apr-01-04	7.550%	MD - 85.00%	360	Feb-04-04
55129373 1		215,000.00	213,173.07	May-01-04	6.950%	NY - 51.19%	360	Jan-22-04
55578595 1		112,500.00	111,904.46	Apr-01-04	7.500%	KY - 90.00%	360	Jan-21-04
55166391 1		153,000.00	151,983.45	Jun-01-04	8.200%	CO - 85.00%	360	Jan-27-04
55704258 1		268,000.00	266,663.33	Apr-01-04	7.800%	CO - 80.00%	360	Jan-28-04
55213391 1		185,691.00	184,204.44	May-01-04	7.550%	FL - 85.00%	360	Jan-30-04
55828735 1		80,000.00	79,847.11	Apr-01-04	12.350%	CT - 59.26%	360	Feb-02-04
55300859 1		179,200.00	177,960.51	Jul-01-04	7.450%	OR - 77.24%	360	Feb-04-04
55831432 1		68,400.00	68,072.20	Mar-01-04	8.000%	TN - 90.00%	360	Feb-02-04
55315311 1		216,400.00	214,371.38	Jul-01-04	6.950%	TX - 80.00%	360	Jan-05-04
55846851 1		252,000.00	250,825.90	Apr-01-04	7.350%	IL - 90.00%	360	Feb-19-04
55315410 1		63,000.00	62,550.45	Jul-01-04	7.850%	OH - 90.00%	360	Jan-12-04
56009558 1		141,950.00	141,275.47	Apr-01-04	7.250%	IA - 85.00%	360	Feb-19-04
55331714 1		60,000.00	59,627.84	Jul-01-04	8.000%	OH - 40.54%	360	Feb-04-04
56133796 1		137,750.00	136,955.44	Mar-01-04	6.250%	CO - 95.00%	360	Feb-17-04
55440739 1		221,000.00	219,245.46	Apr-01-04	7.300%	FL - 85.00%	360	Jan-12-04
56267933 1		107,000.00	106,544.02	Mar-01-04	7.800%	IL - 94.69%	360	Feb-25-04
55450852 1		181,450.00	179,986.88	Jun-01-04	7.220%	IL - 95.00%	360	Jan-21-04
56395635 1		120,600.00	119,974.21	Mar-01-04	6.800%	IL - 90.00%	360	Feb-25-04
55476071 1		270,000.00	268,274.51	Jul-01-04	7.850%	NY - 90.00%	360	Feb-02-04
56686637 1		74,400.00	74,141.07	Apr-01-04	8.800%	IN - 80.00%	360	Feb-27-04
55622732 1		133,000.00	131,954.35	Jul-01-04	7.350%	GA - 95.00%	360	Jan-30-04
55503031 2		430,800.00	428,817.00	Apr-01-04	8.200%	TX - 80.00%	360	Jan-31-04
55749311 1		120,600.00	119,991.47	Jul-01-04	9.550%	MI - 90.00%	360	Jan-28-04
56302516 2		318,250.00	317,023.68	Mar-01-04	8.300%	NY - 95.00%	360	Feb-27-04
55774236 1		66,500.00	66,206.83	Jun-01-04	9.700%	IL - 95.00%	360	Feb-23-04
65780629 2		472,500.00	470,689.87	Apr-01-04	9.100%	CA - 70.00%	360	Jan-20-04
55828172 1		96,300.00	95,653.34	Jul-01-04	7.600%	TX - 90.00%	360	Feb-18-04
				Page 16 of 28				© COPYRIGHT 2004 Deutsche Bank
55958094 1		183,350.00	181,658.22	May-01-04	5.950%	FL - 95.00%	360	Feb-26-04
56002199 1		105,000.00	104,657.65	May-01-04	11.100%	MD - 70.00%	360	Mar-12-04
56102197 1		85,400.00	85,150.14	Jun-01-04	11.600%	TX - 70.00%	360	Feb-23-04
56141179 1		111,350.00	110,785.88	Jul-01-04	9.000%	IL - 85.00%	360	Feb-19-04
56249535 1		69,300.00	69,013.69	Jun-01-04	9.400%	KS - 90.00%	360	Mar-15-04
56252752 1		67,500.00	67,064.25	Jul-01-04	7.800%	OH - 90.00%	360	Feb-23-04
56255219 1		144,000.00	143,133.24	May-01-04	8.150%	GA - 90.00%	360	Feb-20-04
56612914 1		64,000.00	63,748.98	Jul-01-04	9.650%	MO - 80.00%	360	Mar-03-04
56642291 1		80,000.00	79,537.42	Jun-01-04	8.350%	FL - 80.81%	360	Feb-27-04
63924906 1		176,310.00	174,900.25	Jun-01-04	8.100%	CA - 90.00%	360	Dec-17-03
67942821 1		236,250.00	234,816.39	Jul-01-04	8.650%	AK - 75.00%	360	Jan-29-04
68696442 1		104,800.00	104,271.17	Jul-01-04	9.550%	NV - 77.06%	360	Feb-02-04
56489974 2		396,150.00	392,662.82	Jul-01-04	6.200%	CA - 95.00%	360	Feb-27-04
67701623 2		387,305.00	384,679.73	Jun-01-04	8.100%	CA - 89.04%	360	Jan-30-04
55164313 3		73,500.00	73,001.80	Apr-01-04	8.100%	FL - 75.00%	360	Jan-26-04
55815377 3		78,850.00	78,389.47	May-01-04	8.300%	OH - 95.00%	360	Feb-05-04
				Page 16 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans				1516	1426	~~106~~153	~~135~~195
	Number of Repurchased Loans				-1	-	-	-1
	Total Number of Loans Prepaid in Full				1517	1426	~~106~~153	~~135~~196
	Paid in Full Balance				32,~~023~~940,~~277~~985.2313	59,~~457~~351,~~097~~425.0434	1928,~~345~~492,~~443~~766.7392	2740,~~825~~785,~~818~~177.0039
	Repurchased Loans Balance				-105,126.93	-	-	-105,126.93
	Curtailments Amount				107,~~995~~754.2367	~~389~~7,~~495~~315.3143	3669,~~923~~159.7327	~~437~~84,~~414~~229.2737
	Total Prepayment Amount				3,~~034~~053,~~272~~866.4673	59,~~846~~358,~~592~~740.3577	1928,~~382~~561,~~367~~926.4619	2840,~~263~~974,~~232~~533.2769
	Cumulative
	Number of Paid in Full Loans				4188	63133	~~380~~818	~~484~~1,039
	Number of Repurchased Loans				-1	2	3	56
	Total Number of Loans Prepaid in Full				4189	65135	~~383~~821	~~489~~1,045
	Paid in Full Balance				817,~~978~~544,~~696~~792.2449	2449,~~141~~757,~~270~~746.6545	68148,~~434~~530,~~086~~998.7621	~~101~~215,~~554~~833,~~053~~537.6515
	Repurchased Loans Balance				-105,126.93	463,444.08	487,545.50	~~950~~1,~~989~~056,116.5851
	Curtailments Amount				6699,~~049~~010.4582	~~427~~445,~~450~~961.9776	~~319~~700,~~163~~474.9506	~~812~~1,~~664~~245,446.3764
	Total Prepayment Amount				917,~~044~~748,~~745~~930.6924	2550,~~032~~667,~~165~~152.7029	69149,~~240~~719,~~796~~017.2177	~~103~~218,~~317~~135,~~707~~100.6030
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 17 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	SMM				12.9509%	24.6980%	23.2970%	23.3268%
	3 Months Avg SMM				1.6095%	24.3622%	23.0436%	23.0433%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.1545%	2.2197%	12.5926%	12.6528%
	CPR				2122.0837%	2744.8960%	2436.2735%	2436.5322%
	3 Months Avg CPR				1721.5601%	2440.9139%	2133.9466%	2133.9439%
	12 Months Avg CPR
	Avg CPR Since Cut-off				1216.9104%	2330.4933%	1723.5399%	1824.0819%
	PSA				~~1584~~1159.0306%	~~2116~~2323.3828%	~~1837~~1893.5493%	~~1856~~1885.2635%
	3 Months Avg PSA Approximation				~~1552~~1213.5679%	~~2229~~2349.3984%	~~1957~~1956.0663%	~~1955~~1939.9670%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~1386~~1302.0279%	~~2557~~2488.6165%	~~1902~~1965.6111%	~~1960~~1980.2502%
	Group 1		Group 3
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 18 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*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 19 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 19 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 = 135						Loan Group 1 = Group 1
Total Loan Count = 196						Loan Group 1 = Group 1
Total Original Principal Balance = 27,954,840.00						Loan Group 2 = Group 2
Total Original Principal Balance = 41,198,965.00						Loan Group 2 = Group 2
Total Prepayment Amount = 27,825,818.00						Loan Group 3 = Group 3
Total Prepayment Amount = 40,890,304.32						Loan Group 3 = Group 3
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
54095237 1			85,500.00	85,112.33	Sep-09-04	8.950%	WI - 90.00%	Paid Off - 360	Nov-26-03
53250650 1			111,800.00	111,312.62	Dec-08-04	11.150%	CA - 65.00%	Paid Off - 360	Oct-31-03
54716337 1			270,000.00	268,826.30	Sep-03-04	7.700%	NY - 90.00%	Paid Off - 360	Jan-26-04
53657219 1			126,000.00	125,155.90	Dec-02-04	8.650%	OR - 90.00%	Paid Off - 360	Nov-20-03
54773056 1			187,200.00	186,127.97	Sep-01-04	7.100%	CA - 90.00%	Paid Off - 360	Dec-31-03
53847992 1			123,000.00	122,560.70	Nov-30-04	11.650%	NJ - 60.00%	Paid Off - 360	Nov-03-03
54838834 1			209,000.00	208,289.41	Aug-19-04	8.000%	MD - 81.64%	Paid Off - 360	Feb-13-04
54002498 1			97,650.00	97,325.23	Nov-17-04	12.400%	TX - 70.00%	Paid Off - 360	Nov-07-03
54914635 1			171,000.00	170,001.51	Aug-12-04	6.200%	CA - 95.00%	Paid Off - 360	Jan-16-04
54013115 1			147,000.00	146,554.14	Nov-11-04	12.400%	PA - 60.00%	Paid Off - 360	Nov-14-03
54932371 1			140,250.00	139,570.32	Aug-25-04	7.150%	CA - 85.00%	Paid Off - 360	Jan-07-04
54284757 1			217,600.00	216,109.62	Dec-03-04	7.500%	HI - 85.00%	Paid Off - 360	Jan-23-04
54942917 1			169,275.00	168,413.60	Aug-24-04	6.900%	CO - 75.00%	Paid Off - 360	Jan-06-04
54557475 1			166,000.00	165,399.70	Dec-01-04	10.650%	AZ - 62.64%	Paid Off - 360	Jan-14-04
54969894 1			360,000.00	358,355.50	Sep-10-04	7.450%	NY - 84.71%	Paid Off - 360	Jan-05-04
54662713 1			191,750.00	190,572.44	Dec-06-04	8.050%	MD - 85.00%	Paid Off - 360	Jan-13-04
54972930 1			97,500.00	97,104.82	Sep-07-04	8.050%	FL - 84.78%	Paid Off - 360	Jan-20-04
54669098 1			155,000.00	153,806.49	Nov-22-04	6.900%	FL - 60.08%	Paid Off - 360	Jan-27-04
55048656 1			135,000.00	134,520.50	Aug-17-04	8.700%	CA - 90.00%	Paid Off - 360	Jan-08-04
54683818 1			315,000.00	313,250.87	Nov-26-04	8.550%	MD - 60.00%	Paid Off - 360	Jan-15-04
55068332 1			324,000.00	322,519.91	Sep-02-04	7.450%	NY - 90.00%	Paid Off - 360	Jan-09-04
54809371 1			116,100.00	115,320.18	Nov-24-04	7.600%	IL - 90.00%	Paid Off - 360	Jan-29-04
55080550 1			256,000.00	254,700.76	Sep-10-04	7.350%	CA - 80.00%	Paid Off - 360	Jan-12-04
54884259 1			165,750.00	164,473.82	Dec-01-04	6.900%	IL - 85.00%	Paid Off - 360	Jan-14-04
55222434 1			94,000.00	93,483.15	Sep-10-04	6.500%	CA - 58.75%	Paid Off - 360	Jan-30-04
54893235 1			180,000.00	178,369.99	Dec-03-04	6.050%	CT - 94.74%	Paid Off - 360	Jan-20-04
55237234 1			114,400.00	113,877.41	Aug-24-04	7.450%	LA - 80.00%	Paid Off - 360	Jan-23-04
54945696 1			121,500.00	120,884.44	Nov-22-04	9.000%	CA - 90.00%	Paid Off - 360	Jan-13-04
55273353 1			104,000.00	103,455.18	Sep-02-04	6.900%	FL - 64.20%	Paid Off - 360	Jan-22-04
54963491 1			310,000.00	308,850.24	Nov-16-04	10.500%	CA - 59.85%	Paid Off - 360	Jan-20-04
55273536 1			325,500.00	324,140.48	Aug-26-04	7.900%	NY - 70.00%	Paid Off - 360	Jan-29-04
55014476 1			117,300.00	116,378.40	Dec-01-04	6.800%	CA - 85.00%	Paid Off - 360	Jan-20-04
55282214 1			156,000.00	155,125.67	Aug-26-04	6.400%	TX - 78.00%	Paid Off - 360	Jan-13-04
55062376 1			131,750.00	130,664.93	Nov-16-04	6.550%	RI - 85.00%	Paid Off - 360	Jan-12-04
55288492 1			98,175.00	96,941.08	Sep-07-04	7.200%	WA - 85.00%	Paid Off - 360	Jan-16-04
55082952 1			117,000.00	116,259.63	Nov-17-04	7.900%	CA - 86.67%	Paid Off - 360	Feb-03-04
55293997 1			171,000.00	169,497.53	Aug-23-04	6.350%	CA - 90.00%	Paid Off - 360	Jan-26-04
55084776 1			66,600.00	66,125.53	Nov-17-04	7.300%	MI - 90.00%	Paid Off - 360	Jan-08-04
55296230 1			153,000.00	152,483.73	Aug-13-04	8.950%	CA - 90.00%	Paid Off - 360	Jan-23-04
55100499 1			120,000.00	119,284.89	Dec-09-04	8.200%	MI - 80.00%	Paid Off - 360	Jan-21-04
55315071 1			137,750.00	137,145.21	Aug-20-04	7.650%	FL - 95.00%	Paid Off - 360	Jan-14-04
55101737 1			327,750.00	324,535.88	Dec-08-04	6.250%	CA - 95.00%	Paid Off - 360	Jan-08-04
55325351 1			162,700.00	162,373.37	Aug-16-04	11.400%	CA - 66.41%	Paid Off - 360	Jan-30-04
55114870 1			173,850.00	172,623.73	Dec-03-04	7.350%	CA - 95.00%	Paid Off - 360	Jan-16-04
55334353 1			322,000.00	319,933.68	Aug-30-04	5.700%	CA - 92.00%	Paid Off - 360	Jan-30-04
55138895 1			242,500.00	239,728.31	Dec-09-04	7.550%	MD - 92.38%	Paid Off - 360	Jan-07-04
55338412 1			189,500.00	188,448.02	Sep-08-04	6.450%	OH - 92.44%	Paid Off - 360	Jan-12-04
55155592 1			142,500.00	141,444.56	Dec-06-04	7.100%	IL - 95.00%	Paid Off - 360	Jan-27-04
55340699 1			90,000.00	89,580.65	Aug-17-04	7.350%	MO - 90.00%	Paid Off - 360	Jan-20-04
55159610 1			184,500.00	183,159.20	Nov-24-04	7.750%	CA - 90.00%	Paid Off - 360	Jan-06-04
55344576 1			327,750.00	326,261.77	Aug-25-04	7.500%	CA - 95.00%	Paid Off - 360	Jan-13-04
55165294 1			75,200.00	74,778.12	Nov-30-04	8.500%	MI - 80.00%	Paid Off - 360	Jan-14-04
55347538 1			351,500.00	349,829.73	Sep-07-04	7.250%	NY - 95.00%	Paid Off - 360	Jan-05-04
55171292 1			167,400.00	166,195.84	Nov-30-04	7.250%	AZ - 90.00%	Paid Off - 360	Jan-30-04
55364731 1			138,550.00	138,052.80	Aug-25-04	8.650%	ID - 85.00%	Paid Off - 360	Jan-30-04
55179170 1			297,000.00	294,668.67	Nov-17-04	6.800%	IL - 90.00%	Paid Off - 360	Jan-08-04
55367973 1			180,000.00	178,921.55	Aug-19-04	6.050%	CA - 90.00%	Paid Off - 360	Jan-27-04
55179592 1			107,100.00	106,505.25	Dec-09-04	8.550%	IL - 90.00%	Paid Off - 360	Jan-20-04
55369391 1			283,100.00	281,700.91	Aug-25-04	7.050%	CA - 95.00%	Paid Off - 360	Jan-22-04
55186779 1			218,250.00	217,013.29	Dec-03-04	8.450%	CA - 90.00%	Paid Off - 360	Jan-30-04
55374979 1			216,000.00	215,097.88	Aug-26-04	7.900%	FL - 80.00%	Paid Off - 360	Jan-07-04
55187553 1			152,000.00	150,675.59	Dec-09-04	7.900%	MN - 95.00%	Paid Off - 360	Jan-30-04
55387419 1			103,000.00	102,505.67	Aug-12-04	7.200%	OH - 82.40%	Paid Off - 360	Jan-12-04
55192397 1			77,310.00	76,981.54	Dec-08-04	9.850%	MO - 90.00%	Paid Off - 360	Jan-21-04
55388730 1			68,250.00	67,852.47	Aug-17-04	6.250%	FL - 75.00%	Paid Off - 360	Jan-23-04
55228779 1			209,000.00	207,525.73	Dec-02-04	7.350%	CA - 92.89%	Paid Off - 360	Jan-06-04
55390413 1			166,250.00	165,281.95	Sep-02-04	6.200%	CA - 95.00%	Paid Off - 360	Jan-22-04
55230312 1			213,000.00	211,359.75	Nov-11-04	6.900%	RI - 89.87%	Paid Off - 360	Jan-14-04
55392591 1			214,000.00	212,623.56	Sep-07-04	6.500%	OH - 77.82%	Paid Off - 360	Jan-07-04
55234439 1			191,250.00	190,121.72	Dec-01-04	8.250%	AZ - 75.00%	Paid Off - 360	Jan-14-04
55412878 1			87,210.00	86,852.97	Aug-18-04	8.000%	AZ - 90.00%	Paid Off - 360	Jan-15-04
55243232 1			66,300.00	65,897.65	Nov-18-04	7.500%	FL - 85.00%	Paid Off - 360	Feb-19-04
55435333 1			64,600.00	64,239.22	Sep-07-04	7.400%	IL - 85.00%	Paid Off - 360	Jan-22-04
55257018 1			157,500.00	156,493.41	Nov-15-04	7.850%	IL - 90.00%	Paid Off - 360	Jan-26-04
55441018 1			173,850.00	173,022.77	Aug-31-04	7.250%	OR - 95.00%	Paid Off - 360	Jan-27-04
55266951 1			123,250.00	122,163.27	Nov-23-04	6.450%	AZ - 84.71%	Paid Off - 360	Jan-16-04
55443915 1			175,750.00	174,993.58	Sep-03-04	7.750%	CA - 95.00%	Paid Off - 360	Jan-30-04
55269096 1			126,225.00	124,458.30	Nov-24-04	6.750%	AZ - 85.00%	Paid Off - 360	Jan-06-04
55458152 1			146,200.00	145,324.06	Aug-25-04	6.050%	LA - 65.27%	Paid Off - 360	Jan-22-04
55271217 1			135,000.00	133,980.50	Dec-09-04	7.000%	OH - 52.53%	Paid Off - 360	Jan-21-04
55475073 1			162,900.00	162,133.47	Aug-19-04	7.300%	FL - 94.99%	Paid Off - 360	Jan-14-04
55296735 1			208,250.00	206,273.81	Dec-08-04	5.950%	CA - 85.00%	Paid Off - 360	Jan-15-04
55479638 1			450,000.00	447,954.50	Sep-08-04	7.475%	IL - 90.00%	Paid Off - 360	Jan-22-04
55318299 1			300,200.00	297,843.57	Nov-19-04	6.800%	CA - 95.00%	Paid Off - 360	Jan-23-04
55530158 1			190,000.00	188,955.36	Aug-25-04	6.500%	CA - 74.51%	Paid Off - 360	Jan-23-04
55328157 1			189,000.00	187,516.44	Dec-02-04	6.800%	CA - 70.00%	Paid Off - 360	Jan-31-04
55532410 1			257,450.00	255,878.07	Aug-20-04	5.950%	CA - 95.00%	Paid Off - 360	Jan-23-04
55329155 1			166,500.00	165,020.41	Dec-01-04	6.150%	OR - 90.00%	Paid Off - 360	Jan-16-04
					Page 20 of 28				© COPYRIGHT 2004 Deutsche Bank
					Page 20 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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
55536395 1			256,500.00	255,293.09	Sep-10-04	7.300%	CA - 90.00%	Paid Off - 360	Jan-31-04
55338099 1			190,800.00	188,989.03	Nov-24-04	5.800%	CA - 90.00%	Paid Off - 360	Jan-16-04
55543714 1			72,800.00	72,486.68	Aug-31-04	7.750%	IN - 65.00%	Paid Off - 360	Jan-21-04
55381677 1			190,000.00	188,435.18	Nov-24-04	6.550%	IL - 95.00%	Paid Off - 360	Jan-15-04
55545032 1			173,600.00	172,636.32	Sep-09-04	6.450%	CA - 80.00%	Paid Off - 360	Feb-19-04
55384473 1			181,000.00	179,167.05	Nov-23-04	5.450%	CA - 48.01%	Paid Off - 360	Jan-13-04
55554737 1			109,800.00	109,173.26	Sep-09-04	7.800%	OH - 90.00%	Paid Off - 360	Jan-28-04
55390116 1			156,700.00	155,433.96	Nov-24-04	6.650%	IL - 56.16%	Paid Off - 360	Jan-28-04
55564892 1			136,000.00	135,478.74	Sep-02-04	7.400%	IL - 85.00%	Paid Off - 360	Feb-02-04
55397558 1			185,000.00	183,341.99	Nov-19-04	6.750%	CA - 62.71%	Paid Off - 360	Jan-15-04
55589758 1			120,700.00	120,239.61	Sep-01-04	8.350%	CA - 85.00%	Paid Off - 360	Jan-31-04
55421192 1			175,750.00	174,459.47	Dec-06-04	7.350%	UT - 95.00%	Paid Off - 360	Jan-16-04
55630370 1			81,700.00	81,433.19	Aug-27-04	8.200%	OH - 95.00%	Paid Off - 360	Feb-04-04
55428114 1			228,000.00	226,468.89	Nov-30-04	7.600%	IL - 95.00%	Paid Off - 360	Jan-20-04
55630917 1			130,000.00	129,376.14	Aug-23-04	7.200%	MD - 89.66%	Paid Off - 360	Jan-28-04
55440259 1			196,200.00	194,699.96	Nov-18-04	6.950%	CA - 90.00%	Paid Off - 360	Jan-22-04
55631634 1			87,200.00	86,879.77	Sep-01-04	8.550%	OH - 80.00%	Paid Off - 360	Jan-22-04
55443618 1			118,500.00	117,680.37	Nov-29-04	7.450%	MO - 89.77%	Paid Off - 360	Jan-30-04
55648471 1			169,500.00	168,455.28	Aug-13-04	5.900%	FL - 67.00%	Paid Off - 360	Jan-26-04
55461776 1			187,500.00	186,153.86	Nov-19-04	7.500%	CA - 75.00%	Paid Off - 360	Jan-30-04
55653273 1			216,600.00	215,961.21	Aug-30-04	8.700%	IL - 95.00%	Paid Off - 360	Feb-12-04
55482350 1			148,750.00	147,770.66	Nov-23-04	7.700%	CA - 85.00%	Paid Off - 360	Jan-28-04
55674899 1			395,250.00	393,013.43	Aug-11-04	6.350%	CA - 85.00%	Paid Off - 360	Jan-23-04
55483432 1			190,000.00	188,508.58	Nov-15-04	6.800%	IL - 73.08%	Paid Off - 360	Jan-21-04
55700579 1			236,550.00	235,837.96	Aug-23-04	8.600%	CA - 95.00%	Paid Off - 360	Feb-24-04
55483614 1			306,000.00	304,167.34	Nov-26-04	8.175%	IL - 90.00%	Paid Off - 360	Jan-31-04
55707293 1			106,165.00	105,732.38	Aug-16-04	8.050%	MN - 85.00%	Paid Off - 360	Jan-23-04
55497937 1			312,300.00	309,280.51	Nov-30-04	5.700%	CA - 89.87%	Paid Off - 360	Jan-14-04
55731038 1			284,400.00	282,613.75	Sep-01-04	5.800%	CA - 89.86%	Paid Off - 360	Jan-28-04
55501258 1			320,000.00	317,559.85	Dec-09-04	6.950%	CA - 80.00%	Paid Off - 360	Jan-23-04
55740138 1			85,000.00	84,641.71	Aug-20-04	7.350%	MI - 85.00%	Paid Off - 360	Feb-20-04
55502637 1			93,600.00	92,936.03	Nov-22-04	6.700%	ME - 90.00%	Paid Off - 360	Feb-03-04
55766059 1			263,000.00	262,069.18	Sep-08-04	7.800%	IL - 84.84%	Paid Off - 360	Feb-03-04
55528152 1			261,250.00	259,315.01	Dec-01-04	7.100%	CA - 95.00%	Paid Off - 360	Jan-26-04
55796577 1			183,600.00	182,769.56	Sep-01-04	7.500%	CA - 90.00%	Paid Off - 360	Feb-05-04
55574156 1			185,250.00	184,186.39	Nov-18-04	7.780%	CA - 95.00%	Paid Off - 360	Feb-05-04
55797690 1			90,900.00	90,597.13	Aug-16-04	8.100%	TX - 90.00%	Paid Off - 360	Feb-03-04
55608012 1			114,750.00	113,854.47	Dec-08-04	6.200%	MI - 85.00%	Paid Off - 360	Feb-02-04
55822159 1			114,000.00	113,575.84	Aug-19-04	7.550%	NV - 95.00%	Paid Off - 360	Feb-18-04
55609176 1			183,000.00	181,478.14	Dec-01-04	6.500%	WA - 79.57%	Paid Off - 360	Jan-26-04
55836290 1			147,700.00	147,011.78	Aug-31-04	7.350%	CA - 70.00%	Paid Off - 360	Feb-02-04
55621676 1			80,655.00	80,280.58	Dec-02-04	8.950%	IL - 95.00%	Paid Off - 360	Feb-18-04
55848519 1			128,000.00	127,614.68	Aug-25-04	8.600%	FL - 80.00%	Paid Off - 360	Feb-03-04
55625230 1			311,500.00	310,207.56	Dec-01-04	10.700%	MO - 70.00%	Paid Off - 360	Jan-28-04
55880736 1			260,000.00	258,919.74	Aug-27-04	6.990%	CA - 86.67%	Paid Off - 360	Feb-20-04
55626071 1			136,000.00	135,130.84	Dec-09-04	7.850%	IL - 76.84%	Paid Off - 360	Jan-30-04
55906531 1			260,000.00	259,116.00	Aug-24-04	8.000%	GA - 94.89%	Paid Off - 360	Feb-17-04
55634976 1			143,100.00	141,690.51	Dec-08-04	5.600%	HI - 90.00%	Paid Off - 360	Jan-23-04
55935738 1			180,000.00	179,647.51	Aug-18-04	10.650%	IL - 80.00%	Paid Off - 360	Feb-19-04
55644173 1			370,500.00	367,535.18	Dec-03-04	6.700%	CA - 65.00%	Paid Off - 360	Feb-02-04
55955512 1			225,000.00	224,242.67	Sep-08-04	8.050%	IL - 75.00%	Paid Off - 360	Feb-04-04
55654875 1			253,000.00	251,160.03	Nov-26-04	6.570%	CA - 93.01%	Paid Off - 360	Feb-19-04
55984090 1			119,000.00	118,583.02	Aug-24-04	7.850%	PA - 85.00%	Paid Off - 360	Feb-17-04
55669212 1			157,230.00	156,019.39	Nov-29-04	6.900%	NV - 84.99%	Paid Off - 360	Jan-30-04
55991293 1			68,000.00	67,706.80	Aug-26-04	6.800%	IL - 80.00%	Paid Off - 360	Feb-13-04
55673255 1			313,500.00	311,199.98	Dec-03-04	7.150%	CA - 95.00%	Paid Off - 360	Jan-27-04
56019078 1			232,050.00	230,999.83	Sep-08-04	6.550%	CA - 85.00%	Paid Off - 360	Feb-12-04
55675136 1			188,500.00	187,047.50	Nov-24-04	6.900%	NV - 83.78%	Paid Off - 360	Jan-30-04
56019912 1			154,000.00	153,373.82	Aug-19-04	7.100%	FL - 68.44%	Paid Off - 360	Feb-19-04
55679393 1			167,000.00	165,775.10	Nov-23-04	7.150%	MD - 66.80%	Paid Off - 360	Jan-27-04
56023070 1			106,400.00	105,954.42	Sep-02-04	6.950%	CA - 80.00%	Paid Off - 360	Feb-18-04
55683213 1			231,000.00	229,717.89	Nov-12-04	7.950%	MA - 48.94%	Paid Off - 360	Feb-06-04
56051170 1			285,000.00	283,685.13	Sep-01-04	6.450%	CA - 95.00%	Paid Off - 360	Feb-28-04
55692156 1			200,000.00	198,712.56	Nov-30-04	7.200%	NY - 80.00%	Paid Off - 360	Feb-13-04
56066798 1			229,500.00	228,620.37	Sep-03-04	7.400%	NY - 90.00%	Paid Off - 360	Feb-25-04
55700330 1			155,835.00	154,619.03	Nov-19-04	6.400%	IL - 89.05%	Paid Off - 360	Feb-10-04
56088115 1			175,000.00	174,259.99	Sep-07-04	6.900%	NV - 81.40%	Paid Off - 360	Feb-20-04
55710834 1			475,000.00	471,778.71	Dec-06-04	7.550%	HI - 95.00%	Paid Off - 360	Jan-31-04
56100738 1			225,000.00	223,978.71	Aug-20-04	6.550%	NY - 75.00%	Paid Off - 360	Feb-19-04
55711451 1			156,000.00	154,855.25	Dec-03-04	7.150%	MD - 80.00%	Paid Off - 360	Jan-28-04
56111735 1			94,000.00	93,722.93	Aug-19-04	9.250%	IL - 81.74%	Paid Off - 360	Feb-19-04
55715338 1			106,000.00	105,429.04	Nov-22-04	8.700%	WI - 71.62%	Paid Off - 360	Jan-28-04
56114432 1			121,000.00	120,401.03	Aug-24-04	7.050%	IL - 49.39%	Paid Off - 360	Feb-25-04
55723035 1			187,000.00	185,929.62	Dec-06-04	8.400%	IL - 83.11%	Paid Off - 360	Feb-06-04
56124530 1			244,000.00	242,885.07	Aug-31-04	6.500%	IL - 80.00%	Paid Off - 360	Feb-17-04
55724298 1			100,000.00	99,152.49	Nov-18-04	6.400%	CA - 80.00%	Paid Off - 360	Feb-03-04
56176654 1			265,000.00	263,911.87	Sep-01-04	7.050%	FL - 89.53%	Paid Off - 360	Feb-26-04
55747471 1			180,000.00	178,508.01	Nov-26-04	5.900%	MD - 69.23%	Paid Off - 360	Feb-02-04
56219991 1			128,610.00	128,154.76	Sep-07-04	7.950%	NC - 90.00%	Paid Off - 360	Feb-21-04
55762678 1			207,000.00	205,337.98	Dec-07-04	6.050%	CA - 36.64%	Paid Off - 360	Feb-11-04
56234370 1			227,167.00	226,206.42	Aug-12-04	6.900%	IL - 95.00%	Paid Off - 360	Feb-17-04
55764732 1			217,896.00	216,169.06	Nov-30-04	6.750%	FL - 95.00%	Paid Off - 360	Jan-30-04
56247554 1			266,000.00	264,960.16	Sep-10-04	7.300%	CA - 95.00%	Paid Off - 360	Feb-20-04
55798979 1			75,600.00	74,066.92	Nov-19-04	7.100%	MI - 90.00%	Paid Off - 240	Feb-04-04
56291354 1			101,500.00	100,979.40	Aug-31-04	5.900%	IL - 70.00%	Paid Off - 360	Feb-20-04
55811574 1			63,650.00	63,202.80	Nov-29-04	6.750%	MD - 95.00%	Paid Off - 360	Feb-20-04
56314859 1			117,000.00	116,756.61	Sep-01-04	10.450%	IL - 60.00%	Paid Off - 360	Feb-24-04
55821938 1			234,000.00	232,635.00	Nov-24-04	7.700%	CA - 90.00%	Paid Off - 360	Feb-18-04
56385313 1			120,000.00	119,619.89	Sep-08-04	8.350%	IA - 80.00%	Paid Off - 360	Feb-26-04
55843510 1			136,000.00	135,122.13	Dec-02-04	7.800%	WA - 80.00%	Paid Off - 360	Jan-30-04
56390693 1			170,000.00	169,192.77	Aug-31-04	6.300%	IL - 85.86%	Paid Off - 360	Feb-25-04
55865133 1			128,000.00	127,010.48	Nov-30-04	6.250%	NC - 84.77%	Paid Off - 360	Feb-11-04
56396872 1			261,000.00	259,736.76	Aug-17-04	6.200%	NY - 90.00%	Paid Off - 360	Feb-25-04
55889471 1			108,500.00	105,588.04	Dec-06-04	6.525%	AZ - 74.83%	Paid Off - 180	Feb-17-04
56401292 1			297,000.00	295,948.82	Aug-11-04	7.800%	MD - 74.25%	Paid Off - 360	Feb-27-04
55890297 1			153,000.00	152,292.13	Nov-17-04	8.850%	IL - 90.00%	Paid Off - 360	Feb-26-04
56401359 1			207,100.00	206,282.37	Sep-08-04	7.250%	WI - 95.00%	Paid Off - 360	Feb-28-04
55895734 1			187,500.00	186,157.14	Dec-03-04	6.650%	CA - 75.00%	Paid Off - 360	Feb-27-04
56406176 1			61,750.00	61,561.72	Sep-08-04	8.550%	MO - 95.00%	Paid Off - 360	Feb-23-04
55909535 1			141,750.00	139,419.96	Dec-03-04	8.750%	MD - 75.00%	Paid Off - 360	Feb-20-04
56408677 1			157,600.00	156,971.60	Aug-31-04	7.200%	WI - 80.00%	Paid Off - 360	Feb-23-04
55917637 1			177,300.00	175,934.89	Dec-08-04	6.900%	OR - 90.00%	Paid Off - 360	Jan-30-04
56409717 1			152,000.00	151,417.42	Aug-25-04	7.400%	OH - 95.00%	Paid Off - 360	Feb-24-04
55929137 1			87,300.00	86,842.86	Dec-03-04	8.850%	AZ - 90.00%	Paid Off - 360	Feb-03-04
					Page 21 of 28				© COPYRIGHT 2004 Deutsche Bank
					Page 21 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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
56562333 1			211,500.00	210,111.35	Sep-10-04	5.900%	MN - 72.93%	Paid Off - 360	Feb-28-04
55931794 1			239,900.00	238,514.38	Nov-16-04	7.750%	AZ - 49.98%	Paid Off - 360	Feb-28-04
56643059 1			173,700.00	173,053.78	Aug-26-04	7.550%	MI - 90.00%	Paid Off - 360	Feb-27-04
55942536 1			289,800.00	287,110.01	Nov-24-04	6.800%	FL - 90.00%	Paid Off - 360	Jan-30-04
57016198 1			168,000.00	167,609.12	Aug-12-04	8.750%	CA - 80.00%	Paid Off - 360	Mar-24-04
55960850 1			241,000.00	239,323.24	Nov-24-04	6.800%	HI - 89.93%	Paid Off - 360	Feb-26-04
63200067 1			305,000.00	303,218.99	Aug-26-04	7.000%	CA - 67.78%	Paid Off - 360	Jan-15-04
55971378 1			142,500.00	141,504.60	Dec-02-04	7.400%	FL - 95.00%	Paid Off - 360	Jan-30-04
65917460 1			97,500.00	97,120.46	Aug-31-04	8.250%	CO - 50.00%	Paid Off - 360	Jan-13-04
55972350 1			201,600.00	200,118.76	Dec-03-04	6.600%	NV - 90.00%	Paid Off - 360	Feb-27-04
65947681 1			200,000.00	199,121.93	Aug-30-04	7.650%	CA - 78.28%	Paid Off - 360	Jan-22-04
55975171 1			72,000.00	71,479.33	Nov-17-04	6.600%	MI - 90.00%	Paid Off - 360	Feb-03-04
66056920 1			161,100.00	160,392.71	Aug-12-04	7.650%	CA - 90.00%	Paid Off - 360	Jan-08-04
55976211 1			123,250.00	122,538.13	Dec-01-04	7.750%	CA - 85.00%	Paid Off - 360	Feb-12-04
66192006 1			195,500.00	194,698.08	Sep-08-04	7.990%	CA - 85.00%	Paid Off - 360	Jan-23-04
55993059 1			108,000.00	107,328.89	Dec-06-04	7.380%	FL - 80.00%	Paid Off - 360	Feb-19-04
67603225 1			297,500.00	296,442.79	Aug-20-04	8.700%	CA - 70.00%	Paid Off - 360	Jan-26-04
55997415 1			251,910.00	249,673.12	Nov-30-04	5.550%	NV - 90.00%	Paid Off - 360	Feb-20-04
71332621 1			246,500.00	245,475.84	Sep-09-04	6.990%	CA - 85.00%	Paid Off - 360	Feb-27-04
56043110 1			200,000.00	198,798.13	Nov-26-04	7.550%	NV - 79.37%	Paid Off - 360	Feb-25-04
55115935 2			428,000.00	425,337.03	Sep-08-04	5.850%	CA - 89.17%	Paid Off - 360	Jan-07-04
56048333 1			234,000.00	232,030.84	Nov-18-04	5.800%	CA - 90.00%	Paid Off - 360	Feb-17-04
55329353 2			288,000.00	286,631.45	Sep-01-04	7.250%	CA - 90.00%	Paid Off - 360	Jan-21-04
56048713 1			132,525.00	131,757.21	Nov-26-04	7.750%	AZ - 95.00%	Paid Off - 360	Feb-17-04
55382071 2			500,000.00	496,857.23	Aug-27-04	5.900%	CA - 73.53%	Paid Off - 360	Jan-14-04
56057755 1			160,000.00	158,378.26	Dec-02-04	7.250%	MA - 79.60%	Paid Off - 360	Feb-13-04
55545214 2			390,450.00	388,701.36	Aug-16-04	7.550%	CA - 95.00%	Paid Off - 360	Jan-20-04
56071475 1			285,000.00	283,353.90	Nov-30-04	7.750%	CA - 75.00%	Paid Off - 360	Feb-20-04
55568935 2			442,500.00	441,292.93	Aug-18-04	9.600%	MD - 75.00%	Paid Off - 360	Feb-20-04
56077316 1			225,000.00	223,882.09	Dec-09-04	8.500%	CA - 90.00%	Paid Off - 360	Feb-28-04
55632970 2			400,000.00	398,650.34	Aug-12-04	8.950%	CA - 72.73%	Paid Off - 360	Jan-23-04
56080856 1			292,500.00	290,707.32	Dec-09-04	7.450%	FL - 90.00%	Paid Off - 360	Feb-25-04
55720577 2			227,500.00	226,610.63	Sep-01-04	7.300%	IL - 89.92%	Paid Off - 360	Feb-18-04
56085590 1			130,000.00	129,023.30	Nov-30-04	6.400%	MA - 78.79%	Paid Off - 360	Feb-26-04
55981518 2			332,500.00	330,936.24	Sep-07-04	6.350%	CA - 95.00%	Paid Off - 360	Feb-06-04
56086176 1			294,500.00	291,844.40	Dec-06-04	6.500%	CA - 95.00%	Paid Off - 360	Feb-19-04
55996417 2			378,000.00	376,536.84	Sep-03-04	7.350%	CA - 90.00%	Paid Off - 360	Feb-18-04
56105331 1			297,000.00	295,216.24	Nov-30-04	7.950%	CA - 90.00%	Paid Off - 360	Feb-25-04
56209711 2			425,000.00	422,822.40	Aug-13-04	5.900%	FL - 69.67%	Paid Off - 360	Feb-24-04
56105497 1			139,400.00	138,226.92	Nov-29-04	5.800%	IL - 85.00%	Paid Off - 360	Feb-20-04
56288756 2			499,964.00	497,970.63	Aug-16-04	7.200%	CA - 95.00%	Paid Off - 360	Feb-25-04
56108178 1			328,500.00	325,190.82	Nov-23-04	5.990%	CA - 90.00%	Paid Off - 360	Feb-17-04
56447576 2			341,910.00	340,759.14	Sep-10-04	8.050%	CA - 90.00%	Paid Off - 360	Feb-23-04
56117658 1			168,000.00	166,463.06	Dec-02-04	5.350%	CA - 68.57%	Paid Off - 360	Feb-25-04
65210387 2			405,000.00	402,974.91	Aug-27-04	6.990%	CA - 90.00%	Paid Off - 360	Jan-09-04
56120991 1			296,000.00	294,221.31	Dec-06-04	7.550%	NV - 80.00%	Paid Off - 360	Feb-17-04
65902983 2			422,750.00	421,015.91	Aug-25-04	7.990%	CA - 95.00%	Paid Off - 360	Jan-20-04
56123896 1			152,500.00	151,345.01	Dec-08-04	6.800%	NV - 89.71%	Paid Off - 360	Feb-17-04
55129217 3			99,900.00	99,349.00	Aug-30-04	7.300%	OH - 84.66%	Paid Off - 360	Jan-08-04
56131071 1			130,001.00	129,051.88	Nov-30-04	6.550%	FL - 69.15%	Paid Off - 360	Feb-28-04
55130272 3			203,000.00	201,986.92	Aug-26-04	7.000%	FL - 77.48%	Paid Off - 360	Jan-28-04
56135510 1			171,700.00	169,651.37	Nov-30-04	7.800%	OH - 85.00%	Paid Off - 360	Feb-25-04
55218911 3			130,390.00	129,917.28	Aug-19-04	8.600%	IL - 85.00%	Paid Off - 360	Jan-14-04
56139652 1			244,000.00	242,150.62	Dec-01-04	6.400%	CA - 81.33%	Paid Off - 360	Feb-20-04
55294359 3			480,000.00	477,557.38	Aug-26-04	6.900%	CA - 87.27%	Paid Off - 360	Jan-13-04
56151137 1			112,000.00	111,449.13	Dec-01-04	8.550%	CA - 70.00%	Paid Off - 360	Feb-27-04
55378277 3			330,000.00	328,271.06	Aug-27-04	6.750%	MD - 60.00%	Paid Off - 360	Jan-13-04
56152697 1			176,000.00	174,763.54	Nov-30-04	6.750%	IL - 90.26%	Paid Off - 360	Feb-25-04
55511299 3			266,000.00	264,697.53	Aug-17-04	7.100%	CA - 95.00%	Paid Off - 360	Jan-20-04
56170194 1			318,000.00	315,908.79	Nov-18-04	7.100%	CA - 84.80%	Paid Off - 360	Feb-20-04
55522932 3			264,024.00	263,006.62	Aug-31-04	8.300%	FL - 80.00%	Paid Off - 360	Jan-29-04
56184898 1			500,000.00	496,843.87	Nov-24-04	7.300%	IL - 76.92%	Paid Off - 360	Feb-13-04
55622070 3			136,000.00	135,419.28	Aug-26-04	6.850%	FL - 80.00%	Paid Off - 360	Feb-18-04
56212558 1			313,500.00	310,935.10	Nov-11-04	5.950%	CA - 95.00%	Paid Off - 360	Feb-19-04
55661854 3			218,400.00	217,255.77	Aug-12-04	6.750%	CA - 80.00%	Paid Off - 360	Jan-31-04
56245038 1			180,000.00	178,990.13	Nov-26-04	7.900%	MD - 80.00%	Paid Off - 360	Feb-19-04
55825012 3			130,000.00	129,456.87	Aug-20-04	7.900%	RI - 86.09%	Paid Off - 360	Jan-30-04
56270739 1			93,000.00	92,445.93	Dec-02-04	7.600%	MO - 72.94%	Paid Off - 360	Feb-27-04
55839799 3			77,000.00	76,582.24	Aug-19-04	7.100%	CA - 60.16%	Paid Off - 360	Feb-02-04
56288194 1			100,000.00	99,356.28	Nov-18-04	7.200%	MA - 30.49%	Paid Off - 360	Feb-24-04
55925655 3			115,000.00	112,781.65	Aug-24-04	6.950%	CA - 50.00%	Paid Off - 180	Jan-30-04
56308059 1			93,700.00	93,140.76	Nov-24-04	7.600%	KS - 83.66%	Paid Off - 360	Feb-23-04
55995997 3			85,500.00	85,227.78	Aug-27-04	8.325%	IL - 90.00%	Paid Off - 360	Feb-18-04
56311699 1			190,000.00	187,931.46	Nov-23-04	5.500%	CA - 77.55%	Paid Off - 360	Feb-28-04
56033319 3			346,500.00	344,946.96	Aug-13-04	6.600%	NY - 94.93%	Paid Off - 360	Feb-17-04
56333834 1			100,000.00	99,251.75	Nov-11-04	6.700%	IN - 79.37%	Paid Off - 360	Feb-23-04
56341415 3			157,500.00	156,820.89	Sep-01-04	6.800%	FL - 90.00%	Paid Off - 360	Feb-23-04
56335235 1			247,000.00	244,740.32	Nov-26-04	5.350%	CA - 58.81%	Paid Off - 360	Feb-26-04
					Page 22 of 28				© COPYRIGHT 2004 Deutsche Bank
56368459 1			180,000.00	178,846.97	Nov-19-04	7.250%	CA - 78.26%	Paid Off - 360	Feb-24-04
56386378 1			248,200.00	246,317.42	Nov-17-04	6.350%	CA - 85.00%	Paid Off - 360	Feb-28-04
56429798 1			315,000.00	312,273.99	Dec-08-04	5.650%	CA - 90.00%	Paid Off - 360	Feb-27-04
56501513 1			160,000.00	158,495.33	Nov-15-04	5.200%	CA - 69.57%	Paid Off - 360	Feb-26-04
56508039 1			242,000.00	240,616.09	Dec-09-04	7.800%	CA - 89.96%	Paid Off - 360	Feb-24-04
56515158 1			171,000.00	169,962.24	Nov-24-04	7.500%	MN - 90.00%	Paid Off - 360	Feb-27-04
63798466 1			233,000.00	232,025.16	Nov-18-04	10.450%	CA - 69.97%	Paid Off - 360	Jan-13-04
64476120 1			100,000.00	99,251.43	Nov-16-04	7.600%	CA - 76.92%	Paid Off - 360	Jan-07-04
65104788 1			206,100.00	205,481.62	Dec-01-04	11.990%	CA - 27.85%	Paid Off - 360	Jan-15-04
65329781 1			313,200.00	311,407.26	Nov-30-04	8.400%	CA - 80.00%	Paid Off - 360	Jan-31-04
66200700 1			119,700.00	118,956.02	Nov-16-04	7.990%	NV - 95.00%	Paid Off - 360	Jan-15-04
66480526 1			176,000.00	174,841.29	Nov-22-04	7.700%	CA - 80.00%	Paid Off - 360	Jan-22-04
68119122 1			223,200.00	221,253.69	Dec-09-04	6.250%	CA - 90.00%	Paid Off - 360	Jan-29-04
					Page 22 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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
68397363 1			153,600.00	152,334.95	Nov-30-04	6.550%	NV - 80.00%	Paid Off - 360	Jan-30-04
68815869 1			170,000.00	168,275.30	Nov-17-04	8.400%	CA - 77.27%	Paid Off - 360	Jan-29-04
69188241 1			208,000.00	207,431.80	Nov-24-04	11.350%	CA - 65.00%	Paid Off - 360	Feb-27-04
69219129 1			252,000.00	250,440.24	Nov-24-04	7.400%	CA - 90.00%	Paid Off - 360	Feb-12-04
70407606 1			156,800.00	155,876.22	Dec-03-04	7.650%	CA - 80.00%	Paid Off - 360	Feb-20-04
54002290 2			215,000.00	212,947.81	Dec-06-04	8.300%	NY - 57.33%	Paid Off - 360	Nov-28-03
54633318 2			396,000.00	393,053.09	Dec-01-04	6.450%	NY - 90.00%	Paid Off - 360	Feb-03-04
54823810 2			363,300.00	360,439.01	Nov-30-04	7.000%	CA - 95.00%	Paid Off - 360	Jan-08-04
55196018 2			620,000.00	615,207.04	Nov-26-04	6.250%	CA - 80.00%	Paid Off - 360	Feb-06-04
55367676 2			220,000.00	218,516.04	Nov-17-04	7.850%	CA - 80.00%	Paid Off - 360	Jan-13-04
55395073 2			408,500.00	405,409.12	Dec-01-04	6.990%	CA - 93.91%	Paid Off - 360	Jan-22-04
55407894 2			340,000.00	337,102.60	Nov-15-04	6.100%	NY - 82.52%	Paid Off - 360	Jan-31-04
55559199 2			140,250.00	139,494.51	Dec-07-04	8.700%	FL - 85.00%	Paid Off - 360	Jan-29-04
55620736 2			375,250.00	371,754.91	Dec-08-04	5.900%	CA - 95.00%	Paid Off - 360	Jan-23-04
55648190 2			127,500.00	126,509.70	Dec-01-04	7.450%	SD - 75.00%	Paid Off - 360	Feb-04-04
55693758 2			422,905.00	420,256.40	Nov-11-04	8.350%	UT - 90.00%	Paid Off - 360	Jan-30-04
55726954 2			510,000.00	505,636.51	Dec-01-04	6.350%	CA - 85.00%	Paid Off - 360	Jan-26-04
55772792 2			465,500.00	461,164.27	Nov-22-04	5.900%	CA - 95.00%	Paid Off - 360	Jan-30-04
55781892 2			150,500.00	149,664.22	Dec-09-04	8.550%	IL - 79.21%	Paid Off - 360	Jan-31-04
55814974 2			392,000.00	390,781.64	Nov-16-04	10.750%	WA - 70.00%	Paid Off - 360	Feb-19-04
55829097 2			364,500.00	361,103.51	Nov-18-04	5.250%	CA - 90.00%	Paid Off - 360	Feb-19-04
55947139 2			544,000.00	538,415.44	Dec-02-04	5.250%	CA - 80.00%	Paid Off - 360	Feb-18-04
55977698 2			148,500.00	147,625.12	Nov-22-04	7.650%	RI - 90.00%	Paid Off - 360	Feb-17-04
56017171 2			465,000.00	460,804.52	Nov-12-04	5.425%	OH - 53.76%	Paid Off - 360	Feb-25-04
56021959 2			348,000.00	346,122.64	Dec-01-04	8.100%	IL - 80.00%	Paid Off - 360	Feb-13-04
56041536 2			356,250.00	354,747.62	Dec-09-04	9.300%	CA - 75.00%	Paid Off - 360	Feb-25-04
56135650 2			456,000.00	453,093.25	Nov-30-04	7.250%	WA - 95.00%	Paid Off - 360	Feb-17-04
56280910 2			265,000.00	263,391.79	Nov-24-04	7.500%	CA - 72.60%	Paid Off - 360	Feb-28-04
65973281 2			384,000.00	380,807.10	Nov-29-04	6.500%	CA - 80.00%	Paid Off - 360	Jan-31-04
68200989 2			389,500.00	386,806.03	Nov-17-04	7.450%	CA - 95.00%	Paid Off - 360	Jan-29-04
70409941 2			555,750.00	550,571.45	Nov-19-04	5.250%	CA - 95.00%	Paid Off - 360	Feb-25-04
53181897 3			102,000.00	100,522.44	Nov-19-04	7.350%	GA - 44.93%	Paid Off - 360	Oct-09-03
53432258 3			180,000.00	178,511.15	Nov-11-04	8.050%	NY - 67.93%	Paid Off - 360	Oct-14-03
54944418 3			388,973.00	385,830.29	Nov-29-04	6.650%	CT - 84.56%	Paid Off - 360	Jan-20-04
54949474 3			117,000.00	116,080.92	Nov-18-04	6.800%	FL - 79.05%	Paid Off - 360	Jan-16-04
55101513 3			150,500.00	149,327.18	Nov-17-04	6.950%	CA - 70.00%	Paid Off - 360	Jan-12-04
55106298 3			194,750.00	193,742.88	Dec-10-04	8.900%	FL - 95.00%	Paid Off - 360	Jan-07-04
55365332 3			176,700.00	174,725.99	Dec-01-04	7.750%	FL - 95.00%	Paid Off - 360	Jan-29-04
55599690 3			149,000.00	147,819.03	Dec-08-04	6.750%	MD - 74.50%	Paid Off - 360	Jan-29-04
55657654 3			134,250.00	132,855.28	Nov-16-04	7.500%	FL - 74.58%	Paid Off - 360	Jan-30-04
55890073 3			60,000.00	59,613.72	Dec-06-04	7.200%	FL - 71.43%	Paid Off - 360	Feb-17-04
56054133 3			133,450.00	132,709.30	Dec-01-04	7.950%	FL - 85.00%	Paid Off - 360	Feb-25-04
56091754 3			234,000.00	232,356.15	Nov-23-04	6.750%	CA - 80.00%	Paid Off - 360	Feb-13-04
56124159 3			140,000.00	139,158.72	Dec-02-04	7.550%	NC - 80.00%	Paid Off - 360	Feb-18-04
56362593 3			177,000.00	175,756.58	Nov-30-04	6.750%	NY - 38.48%	Paid Off - 360	Feb-24-04
56560717 3			484,500.00	481,193.69	Dec-02-04	6.900%	CA - 95.00%	Paid Off - 360	Feb-28-04
64744162 3			145,000.00	140,781.81	Nov-18-04	6.990%	CA - 72.50%	Paid Off - 180	Jan-26-04
55801138 3			105,750.00	105,126.93	Nov-11-04	7.650%	TX - 75.00%	Repur/Subs - 360	Feb-19-04
					Page 23 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated				-	-	-2	-2
	Collateral Realized Loss/(Gain) Amount				-	-	-142,391.08	-142,391.08
	Net Liquidation Proceeds				-	-	-155,413.23	-155,413.23
	Cumulative
	Number of Loans Liquidated				-	-	-2	-2
	Collateral Realized Loss/(Gain) Amount				-	-	-142,391.08	-142,391.08
	Net Liquidation Proceeds				-	-	-155,413.23	-155,413.23
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3				3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 23 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 24 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	MDR				0.00%	0.00%	0.0004%	0.0003%
	3 Months Avg MDR				0.00%	0.00%	0.0001%	0.0001%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	CDR				0.00%	0.00%	0.0046%	0.0032%
	3 Months Avg CDR				0.00%	0.00%	0.0015%	0.0011%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.0006%	0.0004%
	SDA				0.00%	0.00%	02.0040%	01.0067%
	3 Months Avg SDA Approximation				0.00%	0.00%	0.0089%	0.0062%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	0.00%	0.0047%	0.0033%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1		Group 3
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 24 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 25 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 25 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 26 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 Current Losses = 2
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 0.00						Loan Group 2 = Group 2
Total Prior Principal Balance = 297,804.31						Loan Group 2 = Group 2
Total Current Realized Loss Amount = 0.00						Loan Group 3 = Group 3
Total Current Realized Loss Amount = 142,391.08						Loan Group 3 = Group 3
Total Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Realized Loss Amount = 142,391.08
Total Net Liquidation Proceeds = 0.00
Total Net Liquidation Proceeds = 155,413.23
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
55262273 1		FCL	8.200%	CO - 85.00%	360	173,211.59		17,430.51
					Page 26 of 28				© COPYRIGHT 2004 Deutsche Bank
56300452 1		BK	7.200%	IL - 95.00%	360	124,592.72		124,960.57
					Page 27 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	Trigger Event in effect							No
	Stepdown Date has occurred							No
	Balances 60+ days							2138,~~771~~458,~~595~~666.8441
	Ending Balance							1,~~191~~072,~~037~~773,~~256~~282.7809
	Delinquency Percentage							13.8358%
	Balance of Mezzanine and C Class							267,799,867.91
	Ending Balance							1,~~191~~072,~~037~~773,~~256~~282.7809
	Credit Enhancement Percentage							2224.4896%
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Libor for Current Period							12.~~615000~~180630%
	Libor for Next Period							12.~~840000~~417500%
	Current Period loan level losses							0142,391.0008
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0142,391.0008
				Page 27 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 28 of 29				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-W5
	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 3	GROUP 2	GROUP 1	TOTAL
	Class AV-1 Next Pass-Through Rate							2.~~070000~~647500%
	Class AV-2 Next Pass-Through Rate							2.~~360000~~937500%
	Class AV-3A Next Pass-Through Rate							12.~~950000~~527500%
	Class AV-3B Next Pass-Through Rate							2.~~290000~~867500%
	Class AF-1 Next Pass-Through Rate							12.~~950000~~527500%
	Class AF-2 Next Pass-Through Rate							2.~~595000~~606870%
	Class AF-3 Next Pass-Through Rate							3.~~075000~~086870%
	Class AF-4 Next Pass-Through Rate							4.~~235000~~246870%
	Class AF-5 Next Pass-Through Rate							5.~~175000~~186870%
	Class AF-6 Next Pass-Through Rate							4.~~415000~~426870%
	Class M-1 Next Pass-Through Rate							23.~~440000~~017500%
	Class M-2 Next Pass-Through Rate							23.~~925000~~490630%
	Class M-3 Next Pass-Through Rate							3.~~115000~~680630%
	Class M-4 Next Pass-Through Rate							34.~~565000~~130630%
	Class M-5 Next Pass-Through Rate							34.~~765000~~330630%
	Class M-6 Next Pass-Through Rate							5.~~090000~~667500%
	Class M-7 Next Pass-Through Rate							5.~~090000~~667500%
	Net WAC Rate Carryover Amt:ClassAV-1							0.00
	Net WAC Rate Carryover Amt:ClassAV-2							0.00
	Net WAC Rate Carryover Amt:ClassAV-3A							0.00
	Net WAC Rate Carryover Amt:ClassAV-3B							0.00
	Net WAC Rate Carryover Amt:ClassAF-1							0.00
	Net WAC Rate Carryover Amt:ClassAF-2							0.00
	Net WAC Rate Carryover Amt:ClassAF-3							0.00
	Net WAC Rate Carryover Amt:ClassAF-4							0.00
	Net WAC Rate Carryover Amt:ClassAF-5							0.00
	Net WAC Rate Carryover Amt:ClassAF-6							0.00
	Net WAC Rate Carryover Amt:ClassM-1							0.00
	Net WAC Rate Carryover Amt:ClassM-2							0.00
	Net WAC Rate Carryover Amt:ClassM-3							0.00
	Net WAC Rate Carryover Amt:ClassM-4							0.00
	Net WAC Rate Carryover Amt:ClassM-5							0.00
	Net WAC Rate Carryover Amt:ClassM-6							0.00
	Net WAC Rate Carryover Amt:ClassM-7							0.00
				Page 28 of 28				© COPYRIGHT 2004 Deutsche Bank
				Page 29 of 29				© COPYRIGHT 2004 Deutsche Bank

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