
                                    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):  December 27, 2004
                        (Date of earliest event reported):

                Argent Securities Inc. (as Depositor under the Pooling
         and Servicing Agreement, dated as June 1, 2004, providing for the
          issuance of Asset-Backed Pass-Through Certificates, Series 2004-PW1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-112237-02                         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
     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:  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 December 27, 2004.


	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates


	December 27, 2004 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				20
			12.	Realized Loss Detail Report				23
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
			14.	Other Related Information				25



				Total Number of Pages				25



			CONTACTS

				Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Ameriquest Mortgage Corp					Cut-Off Date: June 1, 2004
	Certificate Insurer(s):							Closing Date: June 7, 2004
								First Payment Date: July 26, 2004
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer


								Distribution Date: December 27, 2004
	Underwriter(s):		Lead Underwriter					Record Date: December 24, 2004
			Banc of America Securities LLC Lead Underwriter					November 30, 2004
			Goldman, Sachs & Co.
			Merrill Lynch & Co.
			Deutsche Bank Securities



						Page 1 of 25					© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates
	REMIC II Upper Tier Remic
	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-1	FLT, STEP	192,771,000.00			169,067,588.73	356,685.65	6,085,803.72	6,442,489.37	-	-	162,981,785.01
A-2	FLT, STEP	21,419,000.00			21,419,000.00	50,536.94	-	50,536.94	-	-	21,419,000.00
A-3	FLT, STEP	50,060,000.00			42,093,820.26	90,256.17	2,721,888.28	2,812,144.45	-	-	39,371,931.98
IO-1	FLT, STEP	-			-	431,325.00	-	431,325.00	-	-	-
IO-2	FLT, STEP	-			-	101,175.00	-	101,175.00	-	-	-
M-1	MEZ, FLT, S	16,275,000.00			16,275,000.00	38,610.18	-	38,610.18	-	-	16,275,000.00
M-2	MEZ, FLT, S	18,025,000.00			18,025,000.00	43,149.85	-	43,149.85	-	-	18,025,000.00
M-3	MEZ, FLT, S	7,525,000.00			7,525,000.00	18,662.00	-	18,662.00	-	-	7,525,000.00
M-4	MEZ, FLT, S	6,825,000.00			6,825,000.00	20,158.40	-	20,158.40	-	-	6,825,000.00
M-5	MEZ, FLT, S	8,750,000.00			8,750,000.00	26,974.31	-	26,974.31	-	-	8,750,000.00
M-6	MEZ, FLT, S	3,850,000.00			3,850,000.00	13,029.04	-	13,029.04	-	-	3,850,000.00
M-7	MEZ, FLT, S	6,475,000.00			6,475,000.00	25,425.17	-	25,425.17	-	-	6,475,000.00
M-8	MEZ, FLT, S	3,850,000.00			3,850,000.00	16,510.08	-	16,510.08	-	-	3,850,000.00
M-9	MEZ, FLT, S	4,900,000.00			4,900,000.00	22,911.58	-	22,911.58	-	-	4,900,000.00
M-10	MEZ, FLT, S	4,375,000.00			4,375,000.00	20,456.77	-	20,456.77	-	-	4,375,000.00
M-11	MEZ, FLT, S	4,900,000.00			4,900,000.00	22,911.58	-	22,911.58	-	-	4,900,000.00
CE	SUB,EXE	-			3,383,309.82	1.49	-	1.49	-	518,802.64	3,902,112.46
P	SUB	100.00			100.00	170,526.91	-	170,526.91	-	-	100.00
R	R	-			-	-	-	-	-	-	-



Total		350,000,100.00			321,713,818.81	1,469,306.12	8,807,692.00	10,276,998.12	-	518,802.64	313,424,929.45


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	11/26/04	12/26/04		A-Act/360	040104KU4	192,771,000.00	877.038500	1.850308	31.570121	33.420428	845.468380
A-2	11/26/04	12/26/04		A-Act/360	040104KG5	21,419,000.00	1,000.000000	2.359444	-	2.359444	1,000.000000
A-3	11/26/04	12/26/04		A-Act/360	040104KH3	50,060,000.00	840.867364	1.802960	54.372519	56.175478	786.494846
IO-1	11/26/04	12/26/04		A-Act/360	040104KJ9	123,120,000.00	934.210526	3.503289	-	3.503289	756.578947
IO-2	11/26/04	12/26/04		A-Act/360	040104LK5	28,880,000.00	934.210526	3.503289	-	3.503289	756.578947
M-1	11/26/04	12/26/04		A-Act/360	040104KK6	16,275,000.00	1,000.000000	2.372361	-	2.372361	1,000.000000
M-2	11/26/04	12/26/04		A-Act/360	040104KL4	18,025,000.00	1,000.000000	2.393889	-	2.393889	1,000.000000
M-3	11/26/04	12/26/04		A-Act/360	040104KM2	7,525,000.00	1,000.000000	2.480000	-	2.480000	1,000.000000
M-4	11/26/04	12/26/04		A-Act/360	040104KN0	6,825,000.00	1,000.000000	2.953612	-	2.953612	1,000.000000
M-5	11/26/04	12/26/04		A-Act/360	040104KP5	8,750,000.00	1,000.000000	3.082778	-	3.082778	1,000.000000
M-6	11/26/04	12/26/04		A-Act/360	040104KQ3	3,850,000.00	1,000.000000	3.384166	-	3.384166	1,000.000000
M-7	11/26/04	12/26/04		A-Act/360	040104KR1	6,475,000.00	1,000.000000	3.926667	-	3.926667	1,000.000000
M-8	11/26/04	12/26/04		A-Act/360	040104KS9	3,850,000.00	1,000.000000	4.288332	-	4.288332	1,000.000000
M-9	11/26/04	12/26/04		A-Act/360	040104KT7	4,900,000.00	1,000.000000	4.675833	-	4.675833	1,000.000000
M-10	11/26/04	12/26/04		A-Act/360	040104KV2	4,375,000.00	1,000.000000	4.675833	-	4.675833	1,000.000000
M-11	11/26/04	12/26/04		A-Act/360	040104KW0	4,900,000.00	1,000.000000	4.675833	-	4.675833	1,000.000000
CE	11/26/04	12/26/04		A-30/360		-	-	-	-	-	-
P	11/26/04	12/26/04		-		100.00	1,000.000000	1,705,269.100000	-	1,705,269.100000	1,000.000000
R	11/26/04	12/26/04		-		-	-	-	-	-	-


							Page 2 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates
	REMIC II Upper Tier Remic
	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-1	192,771,000.00		1,962,464.61		28,592,211.51	1,197,003.48	29,789,214.99	31,751,679.60	-	-	162,981,785.01
A-2	21,419,000.00		266,407.73		-	-	-	266,407.73	-	-	21,419,000.00
A-3	50,060,000.00		509,382.20		10,263,397.71	424,670.31	10,688,068.02	11,197,450.22	-	-	39,371,931.98
IO-1	-		2,679,075.00		-	-	-	2,679,075.00	-	-	-
IO-2	-		628,425.00		-	-	-	628,425.00	-	-	-
M-1	16,275,000.00		203,803.69		-	-	-	203,803.69	-	-	16,275,000.00
M-2	18,025,000.00		228,259.09		-	-	-	228,259.09	-	-	18,025,000.00
M-3	7,525,000.00		99,535.90		-	-	-	99,535.90	-	-	7,525,000.00
M-4	6,825,000.00		111,443.73		-	-	-	111,443.73	-	-	6,825,000.00
M-5	8,750,000.00		150,277.60		-	-	-	150,277.60	-	-	8,750,000.00
M-6	3,850,000.00		73,720.56		-	-	-	73,720.56	-	-	3,850,000.00
M-7	6,475,000.00		146,987.00		-	-	-	146,987.00	-	-	6,475,000.00
M-8	3,850,000.00		96,515.76		-	-	-	96,515.76	-	-	3,850,000.00
M-9	4,900,000.00		135,272.00		-	-	-	135,272.00	-	-	4,900,000.00
M-10	4,375,000.00		120,778.57		-	-	-	120,778.57	-	-	4,375,000.00
M-11	4,900,000.00		135,272.00		-	-	-	135,272.00	-	-	4,900,000.00
CE	-		6.07		-	-	-	6.07	-	3,902,112.46	3,902,112.46
P	100.00		511,153.21		-	-	-	511,153.21	-	-	100.00
R	-		-		-	-	-	-	-	-	-



Total	350,000,100.00		8,058,779.72		38,855,609.22	1,621,673.79	40,477,283.01	48,536,062.73	-	3,902,112.46	313,424,929.45


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-1	2.45000%	169,067,588.73			356,685.65	-	-	-	356,685.65	356,685.65	-
A-2	2.74000%	21,419,000.00			50,536.94	-	-	-	50,536.94	50,536.94	-
A-3	2.49000%	42,093,820.26			90,256.17	-	-	-	90,256.17	90,256.17	-
IO-1	4.50000%	115,020,000.00			431,325.00	-	-	-	431,325.00	431,325.00	-
IO-2	4.50000%	26,980,000.00			101,175.00	-	-	-	101,175.00	101,175.00	-
M-1	2.75500%	16,275,000.00			38,610.18	-	-	-	38,610.18	38,610.18	-
M-2	2.78000%	18,025,000.00			43,149.85	-	-	-	43,149.85	43,149.85	-
M-3	2.88000%	7,525,000.00			18,662.00	-	-	-	18,662.00	18,662.00	-
M-4	3.43000%	6,825,000.00			20,158.40	-	-	-	20,158.40	20,158.40	-
M-5	3.58000%	8,750,000.00			26,974.31	-	-	-	26,974.31	26,974.31	-
M-6	3.93000%	3,850,000.00			13,029.04	-	-	-	13,029.04	13,029.04	-
M-7	4.56000%	6,475,000.00			25,425.17	-	-	-	25,425.17	25,425.17	-
M-8	4.98000%	3,850,000.00			16,510.08	-	-	-	16,510.08	16,510.08	-
M-9	5.43000%	4,900,000.00			22,911.58	-	-	-	22,911.58	22,911.58	-
M-10	5.43000%	4,375,000.00			20,456.77	-	-	-	20,456.77	20,456.77	-
M-11	5.43000%	4,900,000.00			22,911.58	-	-	-	22,911.58	22,911.58	-
CE	1.86894%	3,383,309.82			1.49	-	-	-	1.49	518,804.13	501,052.24
P		100.00			170,526.91	-	-	-	170,526.91	170,526.91	-
R		-			-	-	-	-	-	-	-



Total		463,713,818.81			1,469,306.12	-	-	-	1,469,306.12	1,988,108.76	501,052.24


							Page 3 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Collection Account Report for December 27, 2004 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					2,561,559.92	5,727,330.93	8,288,890.85
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					2,561,559.92	5,727,330.93	8,288,890.85

	Interest Collections					318,344.47	1,521,265.91	1,839,610.38
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(5,159.94)	(16,870.08)	(22,030.02)
	TOTAL NET INTEREST					313,184.53	1,504,395.83	1,817,580.36
	Prepayment Penalties							170,526.91


	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					2,874,744.45	7,231,726.76	10,276,998.12


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					50,585.63	210,136.59	260,722.22
	Prepayments In Full					2,508,141.06	5,654,132.00	8,162,273.06
	Curtailments					2,833.23	(136,939.15)	(134,105.92)
	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
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(41,977.74)	(183,373.31)	(225,351.05)
	Advanced Principal					41,977.74	183,373.31	225,351.05

	TOTAL PRINCIPAL COLLECTED					2,561,559.92	5,727,330.93	8,288,890.85


				Page 4 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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					338,210.93	1,615,347.14	1,953,558.07
	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
	Prepayment Interest Shortfalls					(726.01)	(3,956.07)	(4,682.08)
	Compensating Interest					726.01	3,956.07	4,682.08
	Delinquent Interest					(274,649.94)	(1,392,286.09)	(1,666,936.03)
	Interest Advanced					254,783.48	1,298,204.86	1,552,988.34

	TOTAL INTEREST COLLECTED					318,344.47	1,521,265.91	1,839,610.38


				Page 5 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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

	Prepayment Charges							170,526.91


	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	170,526.91


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					4,804.68	15,295.06	20,099.74

	Trustee Fee					355.26	1,575.02	1,930.28
	PMI Fees					0.00	0.00	0.00


	TOTAL INTEREST OTHER FEES					5,159.94	16,870.08	22,030.02


				Page 6 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for December 27, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Net WAC Rate Carryover Reserve Account							1,000.00


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Beginning Overcollateralized Amount							3,383,309.81
	Overcollateralization Reduction Amount							0.00
	Ending Overcollateralization Amount							3,902,112.45

	Overcollateralization Target Amount							9,975,002.85
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							518,802.64


				Page 7 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					161	1856	2017
	Prior					144	1,734	1,878
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(6)	(30)	(36)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					138	1,705	1,843

	*Principal Balance:*
	Original					66,309,255.82	283,686,910.77	349,996,166.59
	Prior					59,210,734.37	262,503,084.43	321,713,818.80
	Prefunding					-	-	-
	Scheduled Principal					(50,585.63)	(210,136.59)	(260,722.22)
	Partial and Full Voluntary Prepayments					(2,510,974.29)	(5,517,192.85)	(8,028,167.14)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					56,649,174.45	256,775,754.99	313,424,929.44

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 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					6.877036%	7.396392%	7.297996%
	Weighted Average Coupon Prior					6.854424%	7.388539%	7.290325%
	Weighted Average Coupon Current					6.854384%	7.384357%	7.286817%
	Weighted Average Months to Maturity Original					358	357	357
	Weighted Average Months to Maturity Prior					354	353	353
	Weighted Average Months to Maturity Current					353	352	352
	Weighted Avg Remaining Amortization Term Original					357	356	356
	Weighted Avg Remaining Amortization Term Prior					353	352	352
	Weighted Avg Remaining Amortization Term Current					352	351	351
	Weighted Average Seasoning Original					2.88	3.04	3.01
	Weighted Average Seasoning Prior					6.88	7.04	7.01
	Weighted Average Seasoning Current					7.87	8.04	8.01

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 25				© COPYRIGHT 2004 Deutsche Bank
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	Mortgage Pass-Through Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					4.716%	4.596%
	Weighted Average Margin Prior					4.632%	4.576%
	Weighted Average Margin Current					4.646%	4.570%
	Weighted Average Max Rate Original					10.779%	11.436%
	Weighted Average Max Rate Prior					10.686%	11.403%
	Weighted Average Max Rate Current					10.721%	11.384%
	Weighted Average Min Rate Original					5.761%	6.315%
	Weighted Average Min Rate Prior					5.709%	6.295%
	Weighted Average Min Rate Current					5.728%	6.281%
	Weighted Average Cap Up Original					0.836%	0.853%
	Weighted Average Cap Up Prior					0.829%	0.851%
	Weighted Average Cap Up Current					0.832%	0.850%
	Weighted Average Cap Down Original					0.836%	0.853%
	Weighted Average Cap Down Prior					0.829%	0.851%
	Weighted Average Cap Down Current					0.832%	0.850%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					4,804.68	15,295.06	20,099.74
	Delinquent Servicing Fees					19,866.46	94,081.23	113,947.69
	TOTAL SERVICING FEES					24,671.14	109,376.29	134,047.43


	Compensating Interest					(726.01)	(3,956.07)	(4,682.08)


	Aggregate Advances with respect to this Distribution					296,761.22	1,481,578.17	1,778,339.39
	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	0.00	0.00

	Aggregate Relief Act Shortfalls							0.00


				Page 10 of 25				© COPYRIGHT 2004 Deutsche Bank
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	Mortgage Pass-Through Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,469,652.69	4,784,708.06	1,511,988.58	10,766,349.33
		% Balance			1.43%	1.53%	0.48%	3.44%
		# Loans			33	27	12	72
		% # Loans			1.79%	1.47%	0.65%	3.91%
FORECLOSURE		Balance		-	-	-	4,080,745.84	4,080,745.84
		% Balance		0.00%	0.00%	0.00%	1.30%	1.30%
		# Loans		-	-	-	26	26
		% # Loans		0.00%	0.00%	0.00%	1.41%	1.41%
BANKRUPTCY		Balance		814,317.08	-	274,638.71	642,734.44	1,731,690.23
		% Balance		0.26%	0.00%	0.09%	0.21%	0.55%
		# Loans		6	-	2	4	12
		% # Loans		0.33%	0.00%	0.11%	0.22%	0.65%
REO		Balance		-	-	-	535,181.93	535,181.93
		% Balance		0.00%	0.00%	0.00%	0.17%	0.17%
		# Loans		-	-	-	4	4
		% # Loans		0.00%	0.00%	0.00%	0.22%	0.22%

TOTAL		Balance		814,317.08	4,469,652.69	5,059,346.77	6,770,650.79	17,113,967.33
		% Balance		0.26%	1.43%	1.61%	2.16%	5.46%
		# Loans		6	33	29	46	114
		% # Loans		0.33%	1.79%	1.57%	2.50%	6.19%
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 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,469,652.69	3,693,280.95	1,511,988.58	9,674,922.22
		% Balance			1.74%	1.44%	0.59%	3.77%
		# Loans			33	24	12	69
		% # Loans			1.94%	1.41%	0.70%	4.05%
FORECLOSURE		Balance		-	-	-	3,258,694.19	3,258,694.19
		% Balance		0.00%	0.00%	0.00%	1.27%	1.27%
		# Loans		-	-	-	24	24
		% # Loans		0.00%	0.00%	0.00%	1.41%	1.41%
BANKRUPTCY		Balance		814,317.08	-	274,638.71	642,734.44	1,731,690.23
		% Balance		0.32%	0.00%	0.11%	0.25%	0.67%
		# Loans		6	-	2	4	12
		% # Loans		0.35%	0.00%	0.12%	0.23%	0.70%
REO		Balance		-	-	-	535,181.93	535,181.93
		% Balance		0.00%	0.00%	0.00%	0.21%	0.21%
		# Loans		-	-	-	4	4
		% # Loans		0.00%	0.00%	0.00%	0.23%	0.23%

TOTAL		Balance		814,317.08	4,469,652.69	3,967,919.66	5,948,599.14	15,200,488.57
		% Balance		0.32%	1.74%	1.55%	2.32%	5.92%
		# Loans		6	33	26	44	109
		% # Loans		0.35%	1.94%	1.52%	2.58%	6.39%
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 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	1,091,427.11	-	1,091,427.11
		% Balance			0.00%	1.93%	0.00%	1.93%
		# Loans			-	3	-	3
		% # Loans			0.00%	2.17%	0.00%	2.17%
FORECLOSURE		Balance		-	-	-	822,051.65	822,051.65
		% Balance		0.00%	0.00%	0.00%	1.45%	1.45%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	1.45%	1.45%
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%
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		-	-	1,091,427.11	822,051.65	1,913,478.76
		% Balance		0.00%	0.00%	1.93%	1.45%	3.38%
		# Loans		-	-	3	2	5
		% # Loans		0.00%	0.00%	2.17%	1.45%	3.62%
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 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	REO Report for December 27, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 3				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Original Principal Balance = 432,325.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 429,607.62
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

56433436 1		148,500.00	147,413.35	May-01-04	6.538%	GA - 90.00%	360	Mar-03-04
56713712 1		132,300.00	131,414.48	Apr-01-04	7.000%	CO - 90.00%	360	Mar-05-04
57002859 1		151,525.00	150,779.79	May-01-04	8.550%	TX - 95.00%	360	Mar-24-04


				Page 14 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Foreclosure Report for December 27, 2004 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 11				Loan Group 1 = Group 1
Total Original Principal Balance = 1,294,994.00				Loan Group 2 = Group 2
Total Current Balance = 1,287,472.79


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

56154990 1		88,894.00	88,320.03	Jun-01-04	7.800%	NM - 95.00%	360	Mar-01-04
56395452 1		142,500.00	141,847.45	Jul-01-04	8.900%	FL - 93.14%	360	Mar-09-04
56415771 1		61,200.00	60,856.90	Jul-01-04	7.900%	MS - 90.00%	360	Mar-23-04
56560972 1		73,150.00	72,597.59	May-01-04	7.000%	OH - 95.00%	360	Mar-02-04
56613813 1		66,850.00	66,493.56	Jun-01-04	8.150%	NE - 87.39%	360	Mar-19-04
56792534 1		127,300.00	126,564.71	Jun-01-04	7.750%	AZ - 95.00%	360	Mar-19-04
56975451 1		90,900.00	90,369.62	Jul-01-04	7.850%	AZ - 90.00%	360	Mar-17-04
57142119 1		64,600.00	64,215.59	Jul-01-04	7.600%	NV - 95.00%	360	Mar-29-04
57365173 1		301,500.00	299,670.23	Jul-01-04	7.500%	NY - 90.00%	360	Mar-31-04
58283417 1		66,600.00	66,386.54	Jun-01-04	9.200%	MI - 90.00%	360	May-20-04
73362980 1		211,500.00	210,150.57	Jul-01-04	7.500%	TX - 90.00%	360	Mar-30-04


				Page 15 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	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					6	30	36
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					6	30	36

	Paid in Full Balance					2,508,141.06	5,654,132.00	8,162,273.06
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					2,833.23	(136,939.15)	(134,105.92)
	Total Prepayment Amount					2,510,974.29	5,517,192.85	8,028,167.14

	*Cumulative*
	Number of Paid in Full Loans					23	150	173
	Number of Repurchased Loans					-	2	2
	Total Number of Loans Prepaid in Full					23	152	175

	Paid in Full Balance					9,320,462.26	25,306,995.35	34,627,457.61
	Repurchased Loans Balance					-	372,364.86	372,364.86
	Curtailments Amount					16,858.62	(67,117.74)	(50,259.12)
	Total Prepayment Amount					9,337,320.88	25,612,242.47	34,949,563.35

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 16 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Prepayment Report for December 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					4.24%	2.10%	2.50%
	3 Months Avg SMM					3.16%	2.07%	2.27%
	12 Months Avg SMM
	Avg SMM Since Cut-off					2.51%	1.57%	1.74%

	CPR					40.57%	22.52%	26.18%
	3 Months Avg CPR					31.95%	22.20%	24.09%
	12 Months Avg CPR
	Avg CPR Since Cut-off					26.26%	17.29%	19.03%

	PSA					2577.23%	1400.53%	1634.34%
	3 Months Avg PSA Approximation					2323.26%	1577.01%	1718.19%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					2441.24%	1560.78%	1726.99%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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 25				© COPYRIGHT 2004 Deutsche Bank


	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for December 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 36						Loan Group 1 = Group 1
Total Original Principal Balance = 8,207,880.00						Loan Group 2 = Group 2
Total Prepayment Amount = 8,162,273.06


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

56123615 1			173,465.00	172,481.28	Dec-08-04	7.150%	AZ - 95.00%	Paid Off - 360	Mar-26-04
56204092 1			247,000.00	245,816.41	Dec-10-04	8.000%	FL - 95.00%	Paid Off - 360	Mar-01-04
56383912 1			202,500.00	201,131.40	Dec-06-04	6.950%	OH - 90.00%	Paid Off - 360	Mar-08-04
56393796 1			71,100.00	70,741.85	Dec-01-04	7.750%	DE - 90.00%	Paid Off - 360	Mar-31-04
56446032 1			237,975.00	236,713.92	Nov-24-04	7.500%	CA - 95.00%	Paid Off - 360	Mar-17-04
56460413 1			189,050.00	188,170.93	Nov-30-04	8.150%	CA - 95.00%	Paid Off - 360	Mar-10-04
56485071 1			148,500.00	147,759.37	Dec-09-04	7.800%	IL - 90.00%	Paid Off - 360	Mar-16-04
56513831 1			126,000.00	124,196.02	Nov-15-04	7.900%	TN - 90.00%	Paid Off - 240	Mar-19-04
56611536 1			120,510.00	119,778.62	Dec-02-04	7.500%	NV - 90.00%	Paid Off - 360	Mar-04-04
56705692 1			157,784.00	157,020.31	Nov-29-04	7.950%	NV - 90.00%	Paid Off - 360	Mar-25-04
56715774 1			143,910.00	142,929.80	Dec-02-04	6.200%	FL - 89.95%	Paid Off - 360	Mar-25-04
56762990 1			146,300.00	145,428.88	Dec-02-04	6.900%	FL - 95.00%	Paid Off - 360	Mar-19-04
56817695 1			129,580.00	128,768.81	Nov-22-04	6.650%	WI - 95.00%	Paid Off - 360	Mar-12-04
56832355 1			249,850.00	248,628.51	Dec-01-04	7.900%	ME - 95.00%	Paid Off - 360	Mar-31-04
56835093 1			170,991.00	170,132.13	Nov-30-04	7.950%	NV - 90.00%	Paid Off - 360	Mar-11-04
56894272 1			408,500.00	406,540.32	Nov-17-04	8.000%	NJ - 95.00%	Paid Off - 360	Mar-16-04
56920192 1			148,500.00	147,721.62	Dec-01-04	7.550%	DE - 90.00%	Paid Off - 360	Mar-17-04
56924970 1			232,750.00	231,612.14	Dec-03-04	7.900%	FL - 95.00%	Paid Off - 360	Mar-29-04
57002552 1			185,400.00	184,704.27	Nov-24-04	9.200%	IL - 90.00%	Paid Off - 360	Mar-26-04
57080293 1			194,750.00	193,778.69	Nov-19-04	7.800%	FL - 95.00%	Paid Off - 360	Mar-23-04
57219438 1			131,310.00	130,658.59	Dec-07-04	8.050%	CT - 90.00%	Paid Off - 360	Mar-24-04
57261034 1			195,300.00	194,213.94	Nov-18-04	7.250%	CA - 89.79%	Paid Off - 360	Mar-30-04
57285850 1			184,500.00	183,588.93	Dec-03-04	7.850%	NJ - 90.00%	Paid Off - 360	Mar-26-04
57400756 1			208,800.00	207,748.22	Dec-03-04	7.750%	CA - 90.39%	Paid Off - 360	Mar-31-04
57798035 1			70,211.00	69,939.19	Nov-16-04	7.350%	NY - 90.00%	Paid Off - 360	May-04-04
65882961 1			220,500.00	219,443.32	Nov-11-04	8.000%	CA - 90.00%	Paid Off - 360	Mar-19-04
69962421 1			260,100.00	258,639.41	Nov-23-04	7.200%	CA - 90.00%	Paid Off - 360	Mar-05-04
71503163 1			117,000.00	116,396.93	Nov-15-04	7.750%	CA - 90.00%	Paid Off - 360	Mar-08-04
72739766 1			283,000.00	281,344.25	Nov-16-04	6.990%	CA - 89.84%	Paid Off - 360	Mar-12-04
74563743 1			329,850.00	328,103.94	Dec-03-04	7.500%	CA - 90.00%	Paid Off - 360	Mar-30-04
56492754 2			355,300.00	353,036.54	Dec-01-04	6.550%	CA - 95.00%	Paid Off - 360	Mar-25-04
56582596 2			486,350.00	482,900.30	Dec-09-04	6.700%	CA - 94.99%	Paid Off - 360	Mar-10-04
56798390 2			465,500.00	462,764.32	Dec-08-04	7.150%	NY - 95.00%	Paid Off - 360	Mar-15-04
56967532 2			361,000.00	359,070.08	Dec-01-04	7.450%	FL - 95.00%	Paid Off - 360	Mar-26-04
57048639 2			337,250.00	335,080.85	Nov-17-04	6.500%	CA - 95.00%	Paid Off - 360	Mar-24-04
57190159 2			517,494.00	515,288.97	Dec-02-04	7.800%	FL - 90.00%	Paid Off - 360	Apr-07-04


					Page 19 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	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					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


	Group 1						3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 20 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group 1
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 21 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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 22 of 25				© COPYRIGHT 2004 Deutsche Bank


	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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 Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			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 23 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	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

	Trigger Event in effect							No
	Stepdown Date has occurred							No

	Balances 60+ days							11,829,997.56
	Ending Balance							313,424,929.44
	Delinquency Percentage							3.77%

	Balance of Mezzanine and CE Class							89,652,112.46
	Ending Balance							313,424,929.44
	Credit Enhancement Percentage							28.60%


ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Libor for Current Period							2.180000%
	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00


				Page 24 of 25				© COPYRIGHT 2004 Deutsche Bank
	Argent Mortgage Securities, Inc. 2004-PW1
	Mortgage Pass-Through Certificates

	Other Related Information for December 27, 2004 Distribution


	Other Related Information


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Class A-1 Next Pass-Through Rate							2.450000%
	Class A-2 Next Pass-Through Rate							2.740000%
	Class A-3 Next Pass-Through Rate							2.490000%
	Class IO-1 Next Pass-Through Rate							4.500000%
	Class IO-2 Next Pass-Through Rate							4.500000%
	Class M-1 Next Pass-Through Rate							2.755000%
	Class M-2 Next Pass-Through Rate							2.780000%
	Class M-3 Next Pass-Through Rate							2.880000%
	Class M-4 Next Pass-Through Rate							3.430000%
	Class M-5 Next Pass-Through Rate							3.580000%
	Class M-6 Next Pass-Through Rate							3.930000%
	Class M-7 Next Pass-Through Rate							4.560000%
	Class M-8 Next Pass-Through Rate							4.980000%
	Class M-9 Next Pass-Through Rate							5.430000%
	Class M-10 Next Pass-Through Rate							5.430000%
	Class M-11 Next Pass-Through Rate							5.430000%
	Class CE Next Pass-Through Rate							1.868936%



	Net WAC Rate Carryover Amt:ClassA-1							0.00
	Net WAC Rate Carryover Amt:ClassA-2							0.00
	Net WAC Rate Carryover Amt:ClassA-3							0.00
	Net WAC Rate Carryover Amt:ClassIO-1							0.00
	Net WAC Rate Carryover Amt:ClassIO-2							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
	Net WAC Rate Carryover Amt:ClassM-8							0.00
	Net WAC Rate Carryover Amt:ClassM-9							0.00
	Net WAC Rate Carryover Amt:ClassM-10							0.00
	Net WAC Rate Carryover Amt:ClassM-11							0.00
	Net WAC Rate Carryover Amt:ClassCE							0.00


				Page 25 of 25				© COPYRIGHT 2004 Deutsche Bank

ARGENT SECURITIES INC ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2004-PW1 8-K