

                                       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): July 25, 2005
                           (Date of earliest event reported)

         Ameriquest Mortgage Securities Inc (as Depositor under the Pooling
         and Servicing Agreement, dated as April 1, 2005, providing for the
         issuance of Asset-Backed Pass-Through Certificates, Series 2005-R3)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121781-03                          33-0885129
          (Commission File Number)        (I.R.S. Employer Identification No.)


          1100 TOWN & COUNTRY ROAD, SUITE 1100
          ORANGE, CALIFORNIA                              92868
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (714) 541-9960

            (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     July 25, 2005.

                                    Signatures

               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Ameriquest Mortgage
                                  Securities Inc., Registrant


          Date:  Jul 27, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of July 25, 2005.



Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Ameriquest Mtg Sec Inc
										2. Collection Account Report					6

										3. Collateral Report					8
										4. Delinquency Report					11
				Certificate Insurer(s)						5. REO Report					15

										6. Foreclosure Report					16

										7. Prepayment Report					17
										8. Prepayment Detail Report					20
										9. Realized Loss Report					26

										10. Realized Loss Detail Report					29
										11. Triggers and Adj. Cert. Report					30
				Servicer(s)
										12. Additional Certificate Report					31
				Ameriquest Mortgage Corp



				Underwriter(s)
				J. P. Morgan
				BNP Paribas
				Deutsche Bank Securities
				Banc of America Securities LLC

										Total Number of Pages					31



				Dates						Contacts

				Cut-Off Date:			April 01, 2005			Valerie Delgado
				Close Date:			April 27, 2005			Administrator
				First Distribution Date:			May 25, 2005			(714) 247-6273
										valerie.m.delgado@db.com

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005
										Main Phone Number:			(714) 247-6000

							July 22, 2005


										https://www.tss.db.com/invr






Page 1 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal

Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1A	FLT, STEP	$	414,398,000.00		402,462,557.74		1,100,093.84		9,258,446.75		10,358,540.59		0.00		0.00		393,204,110.99

A-1B	FLT, STEP	$	103,600,000.00		100,616,125.04		279,720.21		2,314,622.86		2,594,343.07		0.00		0.00		98,301,502.18
A-2A	FLT, STEP	$	419,185,000.00		407,549,935.19		1,120,339.38		10,874,097.49		11,994,436.87		0.00		0.00		396,675,837.70
A-2B	FLT, STEP	$	104,796,000.00		101,887,240.74		284,046.46		2,718,517.89		3,002,564.35		0.00		0.00		99,168,722.85
A-3A	FLT, STEP	$	292,740,000.00		265,490,565.82		702,979.49		23,268,156.33		23,971,135.82		0.00		0.00		242,222,409.49
A-3B	FLT, STEP	$	125,396,000.00		125,396,000.00		336,906.45		0.00		336,906.45		0.00		0.00		125,396,000.00
A-3C	FLT, STEP	$	158,909,000.00		158,909,000.00		434,362.92		0.00		434,362.92		0.00		0.00		158,909,000.00
A-3D	FLT, STEP	$	130,976,000.00		130,976,000.00		370,235.10		0.00		370,235.10		0.00		0.00		130,976,000.00
M-1	MEZ, FLT, S	$	53,000,000.00		53,000,000.00		154,763.89		0.00		154,763.89		0.00		0.00		53,000,000.00
M-2	MEZ, FLT, S	$	47,000,000.00		47,000,000.00		138,340.11		0.00		138,340.11		0.00		0.00		47,000,000.00
M-3	MEZ, FLT, S	$	27,000,000.00		27,000,000.00		80,311.98		0.00		80,311.98		0.00		0.00		27,000,000.00
M-4	MEZ, FLT, S	$	25,000,000.00		25,000,000.00		76,501.83		0.00		76,501.83		0.00		0.00		25,000,000.00
M-5	MEZ, FLT, S	$	19,000,000.00		19,000,000.00		58,584.73		0.00		58,584.73		0.00		0.00		19,000,000.00
M-6	MEZ, FLT, S	$	13,000,000.00		13,000,000.00		40,589.84		0.00		40,589.84		0.00		0.00		13,000,000.00
M-7	MEZ, FLT, S	$	10,000,000.00		10,000,000.00		36,045.18		0.00		36,045.18		0.00		0.00		10,000,000.00
M-8	MEZ, FLT, S	$	10,000,000.00		10,000,000.00		36,822.96		0.00		36,822.96		0.00		0.00		10,000,000.00
M-9	MEZ, FLT, S	$	13,000,000.00		13,000,000.00		53,228.73		0.00		53,228.73		0.00		0.00		13,000,000.00
M-10	MEZ, FLT, S	$	23,000,000.00		23,000,000.00		104,012.80		0.00		104,012.80		0.00		0.00		23,000,000.00
CE	SUB	$	9,999,910.51		10,000,000.05		3,814,158.36		0.00		3,814,158.36		0.00		0.00		10,000,000.05
P	EXE	$	100.00		100.00		603,679.33		0.00		603,679.33		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			2,000,000,010.51		1,943,287,524.58		9,825,723.59		48,433,841.32		58,259,564.91		0.00		0.00		1,894,853,683.26






Page 2 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	06/27/05		07/24/05		A-Act/360		03072SA96		414,398,000.00		971.198118		2.654679		22.341919		24.996599	948.856199
A-1B	06/27/05		07/24/05		A-Act/360		03072SZS7		103,600,000.00		971.198118		2.700002		22.341919		25.041922	948.856199
A-2A	06/27/05		07/24/05		A-Act/360		03072SB20		419,185,000.00		972.243604		2.672661		25.941046		28.613707	946.302558
A-2B	06/27/05		07/24/05		A-Act/360		03072SB38		104,796,000.00		972.243604		2.710470		25.941046		28.651517	946.302558
A-3A	06/27/05		07/24/05		A-Act/360		03072SZT5		292,740,000.00		906.915918		2.401378		79.484035		81.885413	827.431883
A-3B	06/27/05		07/24/05		A-Act/360		03072SZU2		125,396,000.00		1,000.000000		2.686740		0.000000		2.686740	1,000.000000
A-3C	06/27/05		07/24/05		A-Act/360		03072SZV0		158,909,000.00		1,000.000000		2.733407		0.000000		2.733407	1,000.000000
A-3D	06/27/05		07/24/05		A-Act/360		03072SZW8		130,976,000.00		1,000.000000		2.826740		0.000000		2.826740	1,000.000000
M-1	06/27/05		07/24/05		A-Act/360		03072SZX6		53,000,000.00		1,000.000000		2.920073		0.000000		2.920073	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		03072SZY4		47,000,000.00		1,000.000000		2.943407		0.000000		2.943407	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		03072SZZ1		27,000,000.00		1,000.000000		2.974518		0.000000		2.974518	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		03072SA21		25,000,000.00		1,000.000000		3.060073		0.000000		3.060073	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		03072SA39		19,000,000.00		1,000.000000		3.083407		0.000000		3.083407	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		03072SA47		13,000,000.00		1,000.000000		3.122295		0.000000		3.122295	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		03072SA54		10,000,000.00		1,000.000000		3.604518		0.000000		3.604518	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		03072SA62		10,000,000.00		1,000.000000		3.682296		0.000000		3.682296	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		03072SA70		13,000,000.00		1,000.000000		4.094518		0.000000		4.094518	1,000.000000
M-10	06/27/05		07/24/05		A-Act/360		03072SA88		23,000,000.00		1,000.000000		4.522296		0.000000		4.522296	1,000.000000
CE	06/01/05		06/30/05		A-30/360				9,999,910.51		1,000.008954		381.419249		0.000000		381.419249	1,000.008954
P	06/01/05		06/30/05				100.00		1,000.000000		6,036,793.300000		0.000000		6,036,793.300000		1,000.000000
R	06/01/05		06/30/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Distribution to Date - REMIC III
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	414,398,000.00		3,378,294.78		20,191,434.76		1,002,454.25		21,193,889.01		24,572,183.79		0.00		0.00		393,204,110.99
A-1B	103,600,000.00		859,733.66		5,047,883.05		250,614.77		5,298,497.82		6,158,231.48		0.00		0.00		98,301,502.18
A-2A	419,185,000.00		3,439,712.35		21,472,177.15		1,036,985.15		22,509,162.30		25,948,874.65		0.00		0.00		396,675,837.70
A-2B	104,796,000.00		872,708.82		5,368,031.48		259,245.67		5,627,277.15		6,499,985.97		0.00		0.00		99,168,722.85
A-3A	292,740,000.00		2,240,160.60		48,208,960.03		2,308,630.48		50,517,590.51		52,757,751.11		0.00		0.00		242,222,409.49
A-3B	125,396,000.00		1,018,329.22		0.00		0.00		0.00		1,018,329.22		0.00		0.00		125,396,000.00
A-3C	158,909,000.00		1,314,056.66		0.00		0.00		0.00		1,314,056.66		0.00		0.00		158,909,000.00
A-3D	130,976,000.00		1,121,928.20		0.00		0.00		0.00		1,121,928.20		0.00		0.00		130,976,000.00
M-1	53,000,000.00		469,716.39		0.00		0.00		0.00		469,716.39		0.00		0.00		53,000,000.00
M-2	47,000,000.00		420,026.78		0.00		0.00		0.00		420,026.78		0.00		0.00		47,000,000.00
M-3	27,000,000.00		243,961.98		0.00		0.00		0.00		243,961.98		0.00		0.00		27,000,000.00
M-4	25,000,000.00		232,689.33		0.00		0.00		0.00		232,689.33		0.00		0.00		25,000,000.00
M-5	19,000,000.00		178,253.06		0.00		0.00		0.00		178,253.06		0.00		0.00		19,000,000.00
M-6	13,000,000.00		123,569.57		0.00		0.00		0.00		123,569.57		0.00		0.00		13,000,000.00
M-7	10,000,000.00		110,381.29		0.00		0.00		0.00		110,381.29		0.00		0.00		10,000,000.00
M-8	10,000,000.00		112,853.52		0.00		0.00		0.00		112,853.52		0.00		0.00		10,000,000.00
M-9	13,000,000.00		163,743.17		0.00		0.00		0.00		163,743.17		0.00		0.00		13,000,000.00
M-10	23,000,000.00		320,973.07		0.00		0.00		0.00		320,973.07		0.00		0.00		23,000,000.00
CE	9,999,910.51		10,728,816.24		-83.11		-6.43		0.00		10,728,816.24		0.00		89.54		10,000,000.05
P	100.00		1,182,516.76		0.00		0.00		0.00		1,182,516.76		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	2,000,000,010.51		28,532,425.45		100,288,403.36		4,857,923.89		105,146,416.79		133,678,842.24		0.00		89.54		1,894,853,683.26



Page 4 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Interest Detail - REMIC III
	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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.51438%		402,462,557.74		1,100,093.84		0.00		0.00		0.00		1,100,093.84		1,100,093.84		0.00
A-1B	3.57438%		100,616,125.04		279,720.21		0.00		0.00		0.00		279,720.21		279,720.21		0.00
A-2A	3.53438%		407,549,935.19		1,120,339.38		0.00		0.00		0.00		1,120,339.38		1,120,339.38		0.00
A-2B	3.58438%		101,887,240.74		284,046.46		0.00		0.00		0.00		284,046.46		284,046.46		0.00
A-3A	3.40438%		265,490,565.82		702,979.49		0.00		0.00		0.00		702,979.49		702,979.49		0.00
A-3B	3.45438%		125,396,000.00		336,906.45		0.00		0.00		0.00		336,906.45		336,906.45		0.00
A-3C	3.51438%		158,909,000.00		434,362.92		0.00		0.00		0.00		434,362.92		434,362.92		0.00
A-3D	3.63438%		130,976,000.00		370,235.10		0.00		0.00		0.00		370,235.10		370,235.10		0.00
M-1	3.75438%		53,000,000.00		154,763.89		0.00		0.00		0.00		154,763.89		154,763.89		0.00
M-2	3.78438%		47,000,000.00		138,340.11		0.00		0.00		0.00		138,340.11		138,340.11		0.00
M-3	3.82438%		27,000,000.00		80,311.98		0.00		0.00		0.00		80,311.98		80,311.98		0.00
M-4	3.93438%		25,000,000.00		76,501.83		0.00		0.00		0.00		76,501.83		76,501.83		0.00
M-5	3.96438%		19,000,000.00		58,584.73		0.00		0.00		0.00		58,584.73		58,584.73		0.00
M-6	4.01438%		13,000,000.00		40,589.84		0.00		0.00		0.00		40,589.84		40,589.84		0.00
M-7	4.63438%		10,000,000.00		36,045.18		0.00		0.00		0.00		36,045.18		36,045.18		0.00
M-8	4.73438%		10,000,000.00		36,822.96		0.00		0.00		0.00		36,822.96		36,822.96		0.00
M-9	5.26438%		13,000,000.00		53,228.73		0.00		0.00		0.00		53,228.73		53,228.73		0.00
M-10	5.81438%		23,000,000.00		104,012.80		0.00		0.00		0.00		104,012.80		104,012.80		0.00
CE	0.00000%		10,000,000.05		0.00		138.70		0.00		0.00		-138.70		3,814,158.36		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		603,679.33		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,943,287,524.58		#######		138.70		0.00		0.00		5,407,747.20		9,825,723.59		0.00



Page 5 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								23,268,156.33		13,592,615.38		11,573,069.61		48,433,841.32
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								23,268,156.33		13,592,615.38		11,573,069.61		48,433,841.32
Interest Collections								4,731,706.47		3,604,151.94		3,550,874.44		11,886,732.85
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-629,867.93		-496,206.68		-482,607.16		-2,664,688.59
Interest Other Accounts								289,541.50		187,219.59		126,918.24		603,679.33
TOTAL NET INTEREST								4,391,380.03		3,295,164.85		3,195,185.52		9,825,723.59
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								27,659,536.36		16,887,780.23		14,768,255.13		58,259,564.91



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									639,028.52		484,237.88		475,803.76		1,599,070.16
Curtailments									35,334.57		30,281.00		21,462.03		87,077.60
Prepayments In Full									22,593,793.24		12,806,589.63		11,075,803.82		46,476,186.69
Repurchased/Substitutions									0.00		271,506.87		0.00		271,506.87
Liquidations									0.00		0.00		0.00		0.00
Insurance Principal									0.00		0.00		0.00		0.00
Other Additional Principal									0.00		0.00		0.00		0.00
Delinquent Principal									-320,814.10		-209,084.47		-215,187.96		-745,086.53
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									320,814.10		209,084.47		215,187.96		745,086.53
TOTAL PRINCIPAL COLLECTED									23,268,156.33		13,592,615.38		11,573,069.61		48,433,841.32


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS								0.00		0.00		0.00		0.00





Page 6 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								4,902,083.59		3,715,129.84		3,665,594.27		12,282,807.70
Repurchased/Substitution Interest								0.00		1,470.66		0.00		1,470.66
Liquidation Interest								0.00		0.00		0.00		0.00
Insurance Interest								0.00		0.00		0.00		0.00
Other Additional Interest								0.00		0.00		0.00		0.00
Prepayment Interest Shortfalls								-22,652.17		-15,476.20		-15,205.56		-53,333.93
Delinquent Interest								-2,618,018.33		-1,779,856.38		-1,792,322.83		-6,190,197.54
Compensating Interest								22,652.16		15,476.20		15,205.56		53,333.93
Civil Relief Act Shortfalls								-138.70		-0.00		-0.00		-138.70
Interest Advanced								2,447,779.90		1,667,407.82		1,677,603.01		5,792,790.73
TOTAL INTEREST COLLECTED								4,731,706.47		3,604,151.94		3,550,874.44		11,886,732.85


INTEREST - WITHDRAWALS

								Group 3		Group 2		Group 1		Total
Non-Recoverable Advances								0.00		0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS								0.00		0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges								289,541.50		187,219.59		126,918.24		603,679.33
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS								289,541.50		187,219.59		126,918.24		603,679.33



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								155,560.70		131,006.11		125,729.52		412,296.33
Trustee Fees								684.18		511.25		504.94		1,700.38
PMI								473,623.05		364,689.31		356,372.70		1,194,685.06
SWAP INFLOW / (OUTFLOW)								0.00		0.00		0.00		1,056,006.83
TOTAL INTEREST FEES								629,867.93		496,206.68		482,607.16		2,664,688.59




Page 7 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								3,789		3,838		3,684		11,311
Prior								3,687		3,761		3,603		11,051
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-77		-71		-63		-211
Repurchases								-0		-1		-0		-1
Liquidations								-0		-0		-0		-0
Current								3,610		3,689		3,540		10,839
Principal Balance:


Original								809,167,298.58		598,835,010.62		591,997,701.31		2,000,000,010.51
Prior								781,917,903.25		584,291,211.44		577,078,409.89		1,943,287,524.58
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-639,028.52		-484,237.88		-475,803.76		-1,599,070.16
Partial Prepayments								-35,334.57		-30,281.00		-21,462.03		-87,077.60
Full Voluntary Prepayments								-22,593,793.24		-12,806,589.63		-11,075,803.82		-46,476,186.69
Repurchases								-0.00		-271,506.87		-0.00		-271,506.87
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								758,649,746.92		570,698,596.06		565,505,340.28		1,894,853,683.26





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 8 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.54655%		7.63627%		7.63279%		7.59894%
Weighted Average Coupon Prior								7.53868%		7.63559%		7.62806%		7.59419%
Weighted Average Coupon Current								7.52317%		7.63304%		7.62238%		7.58567%
Weighted Average Months to Maturity Original								353		351		351		352
Weighted Average Months to Maturity Prior								351		350		350		350
Weighted Average Months to Maturity Current								350		348		349		349
Weighted Avg Remaining Amortization Term Original								353		351		351		352
Weighted Avg Remaining Amortization Term Prior								351		350		350		350
Weighted Avg Remaining Amortization Term Current								350		348		349		349
Weighted Average Seasoning Original								2.33		2.26		2.28		2.29
Weighted Average Seasoning Prior								3.31		3.25		3.28		3.28
Weighted Average Seasoning Current								4.30		4.24		4.27		4.27









Page 9 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

ARM CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								5.86353%		5.79995%		5.82460%		5.83293%
Weighted Average Margin Prior								5.86343%		5.80019%		5.82274%		5.83239%
Weighted Average Margin Current								5.86171%		5.80047%		5.82050%		5.83099%
Weighted Average Max Rate Original								13.75446%		13.82124%		13.82268%		13.79470%
Weighted Average Max Rate Prior								13.74534%		13.82014%		13.81753%		13.78919%
Weighted Average Max Rate Current								13.73089%		13.82110%		13.81337%		13.78263%
Weighted Average Min Rate Original								7.75446%		7.82124%		7.82268%		7.79470%
Weighted Average Min Rate Prior								7.74534%		7.82014%		7.81753%		7.78919%
Weighted Average Min Rate Current								7.73089%		7.82110%		7.81337%		7.78263%
Weighted Average Cap Up Original								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Prior								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Original								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior								1.00000%		1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current								1.00000%		1.00000%		1.00000%		1.00000%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								155,560.70		131,006.11		125,729.52		412,296.33
Delinquent Servicing Fees								170,238.43		112,448.56		114,719.82		397,406.81
TOTAL SERVICING FEES								325,799.13		243,454.68		240,449.34		809,703.15


Total Servicing Fees								325,799.13		243,454.68		240,449.34		809,703.15
Compensating Interest								-22,652.16		-15,476.20		-15,205.56		-53,333.93
Delinquent Servicing Fees								-170,238.43		-112,448.56		-114,719.82		-397,406.81
COLLECTED SERVICING FEES								132,908.55		115,529.92		110,523.96		358,962.43


Total Advanced Interest								2,447,779.90		1,667,407.82		1,677,603.01		5,792,790.73
Total Advanced Principal								320,814.10		209,084.47		215,187.96		745,086.53
Aggregate Advances with respect to this Distribution								2,768,594.00		1,876,492.30		1,892,790.97		6,537,877.26





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								22,652.17		15,476.20		15,205.56		53,333.93
Compensating Interest								-22,652.16		-15,476.20		-15,205.56		-53,333.93
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								758,649,746.92		570,698,596.06		565,505,340.28		1,894,853,683.26
Weighted Average Net Mortgage Rate										6.767512%		6.644197%		6.067571%




Page 10 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				12,820,489.34		2,974,034.87		0.00		15,794,524.21
			% Balance				0.68%		0.16%		0.00%		0.83%
			# Loans				81		17		0		98
			% # Loans				0.75%		0.16%		0.00%		0.90%
	FORECLOSURE		Balance		0.00		0.00		2,523,451.94		0.00		2,523,451.94
			% Balance		0.00%		0.00%		0.13%		0.00%		0.13%
			# Loans		0		0		12		0		12
			% # Loans		0.00%		0.00%		0.11%		0.00%		0.11%
	BANKRUPTCY		Balance		2,229,750.62		0.00		59,857.25		0.00		2,289,607.87
			% Balance		0.12%		0.00%		0.00%		0.00%		0.12%
			# Loans		16		0		1		0		17
			% # Loans		0.15%		0.00%		0.01%		0.00%		0.16%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		2,229,750.62		12,820,489.34		5,557,344.06		0.00		20,607,584.02
			% Balance		0.12%		0.68%		0.29%		0.00%		1.09%
			# Loans		16		81		30		0		127
			% # Loans		0.15%		0.75%		0.28%		0.00%		1.17%









Page 11 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,414,206.91		949,990.64		0.00		4,364,197.55
			% Balance				0.60%		0.17%		0.00%		0.77%
			# Loans				24		5		0		29
			% # Loans				0.68%		0.14%		0.00%		0.82%
	FORECLOSURE		Balance		0.00		0.00		479,541.19		0.00		479,541.19
			% Balance		0.00%		0.00%		0.08%		0.00%		0.08%
			# Loans		0		0		4		0		4
			% # Loans		0.00%		0.00%		0.11%		0.00%		0.11%
	BANKRUPTCY		Balance		895,469.09		0.00		59,857.25		0.00		955,326.34
			% Balance		0.16%		0.00%		0.01%		0.00%		0.17%
			# Loans		8		0		1		0		9
			% # Loans		0.23%		0.00%		0.03%		0.00%		0.25%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		895,469.09		3,414,206.91		1,489,389.08		0.00		5,799,065.08
			% Balance		0.16%		0.60%		0.26%		0.00%		1.03%
			# Loans		8		24		10		0		42
			% # Loans		0.23%		0.68%		0.28%		0.00%		1.19%










Page 12 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,394,682.08		916,566.07		0.00		4,311,248.15
			% Balance				0.59%		0.16%		0.00%		0.76%
			# Loans				25		5		0		30
			% # Loans				0.68%		0.14%		0.00%		0.81%
	FORECLOSURE		Balance		0.00		0.00		962,217.57		0.00		962,217.57
			% Balance		0.00%		0.00%		0.17%		0.00%		0.17%
			# Loans		0		0		5		0		5
			% # Loans		0.00%		0.00%		0.14%		0.00%		0.14%
	BANKRUPTCY		Balance		838,920.43		0.00		0.00		0.00		838,920.43
			% Balance		0.15%		0.00%		0.00%		0.00%		0.15%
			# Loans		5		0		0		0		5
			% # Loans		0.14%		0.00%		0.00%		0.00%		0.14%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		838,920.43		3,394,682.08		1,878,783.64		0.00		6,112,386.15
			% Balance		0.15%		0.59%		0.33%		0.00%		1.07%
			# Loans		5		25		10		0		40
			% # Loans		0.14%		0.68%		0.27%		0.00%		1.08%










Page 13 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,011,600.35		1,107,478.16		0.00		7,119,078.51
			% Balance				0.79%		0.15%		0.00%		0.94%
			# Loans				32		7		0		39
			% # Loans				0.89%		0.19%		0.00%		1.08%
	FORECLOSURE		Balance		0.00		0.00		1,081,693.18		0.00		1,081,693.18
			% Balance		0.00%		0.00%		0.14%		0.00%		0.14%
			# Loans		0		0		3		0		3
			% # Loans		0.00%		0.00%		0.08%		0.00%		0.08%
	BANKRUPTCY		Balance		495,361.10		0.00		0.00		0.00		495,361.10
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		3		0		0		0		3
			% # Loans		0.08%		0.00%		0.00%		0.00%		0.08%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		495,361.10		6,011,600.35		2,189,171.34		0.00		8,696,132.79
			% Balance		0.07%		0.79%		0.29%		0.00%		1.15%
			# Loans		3		32		10		0		45
			% # Loans		0.08%		0.89%		0.28%		0.00%		1.25%









Page 14 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL


Page 15 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
106982986 1
			150,000.00		149,725.47		01-Mar-2005		9.900%		NV - 75.00%		360		01-Apr-2005

107282709 1			105,750.00		105,562.49		01-Mar-2005		10.050%		MI - 75.00%		360		01-Apr-2005
107896680 1			124,300.00		123,949.21		01-Mar-2005		7.800%		MN - 77.69%		360		01-Apr-2005
108060401 1			100,500.00		100,304.02		01-Mar-2005		9.600%		ME - 69.31%		360		01-Apr-2005
105594626 2			126,000.00		125,665.23		01-Mar-2005		8.100%		KS - 75.00%		360		01-Apr-2005
105595920 2			272,000.00		271,486.14		01-Mar-2005		9.750%		MD - 85.00%		360		01-Apr-2005
107149486 2			351,000.00		349,979.19		01-Mar-2005		7.650%		GA - 94.87%		360		01-Apr-2005
109152124 2			126,000.00		125,603.23		01-Mar-2005		7.250%		FL - 86.90%		360		01-Apr-2005
110919289 2			89,600.00		89,483.78		01-Mar-2005		11.500%		AL - 70.00%		360		01-Apr-2005
108054123 3			373,000.00		371,704.50		01-Mar-2005		6.750%		CA - 89.88%		360		01-Apr-2005
108147687 3			603,500.00		601,484.22		01-Mar-2005		6.950%		CA - 85.00%		360		01-Apr-2005
109951921 3			108,800.00		108,504.46		01-Mar-2005		7.990%		FL - 83.69%		360		01-Apr-2005


TOTAL			2,530,450.00		2,523,451.94


Page 16 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								77		71		63		211
Number of Repurchased Loans								0		1		0		1
Total Number of Loans Prepaid in Full								77		72		63		212
Curtailments Amount								35,334.57		30,281.00		21,462.03		87,077.60
Paid in Full Balance								22,593,793.24		12,806,589.63		11,075,803.82		46,476,186.69
Repurchased Loans Balance								0.00		271,506.87		0.00		271,506.87
Total Prepayment Amount								22,629,127.81		13,108,377.50		11,097,265.85		46,834,771.16

Cumulative


Number of Paid in Full Loans								166		136		134		436
Number of Repurchased Loans								13		13		10		36
Total Number of Loans Prepaid in Full								179		149		144		472
Paid in Full Balance								46,298,357.40		24,299,716.03		23,534,903.08		94,132,976.51
Repurchased Loans Balance								2,139,004.40		2,177,700.79		1,381,203.39		5,697,908.58
Curtailments Amount								130,891.10		191,787.34		134,839.83		457,518.27
Total Prepayment Amount								48,568,252.90		26,669,204.16		25,050,946.30		100,288,403.36










Page 17 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								2.90%		2.25%		1.92%		2.41%
3 Months Avg SMM								2.05%		1.51%		1.43%		1.70%
12 Months Avg SMM								2.05%		1.51%		1.43%		1.70%
Avg SMM Since Cut-off								2.05%		1.51%		1.43%		1.70%


CPR								29.72%		23.85%		20.80%		25.40%
3 Months Avg CPR								21.97%		16.69%		15.91%		18.63%
12 Months Avg CPR								21.97%		16.69%		15.91%		18.63%
Avg CPR Since Cut-off								21.97%		16.69%		15.91%		18.63%


PSA								3,457.61%		2,813.08%		2,435.96%		2,972.59%
3 Months Avg PSA Approximation								3,316.10%		2,568.31%		2,428.46%		2,837.94%
12 Months Avg PSA Approximation								3,316.10%		2,568.31%		2,428.46%		2,837.94%
Avg PSA Since Cut-off Approximation								3,316.10%		2,568.32%		2,428.46%		2,837.94%










Page 18 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 19 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

91723163 2			223,000.00		221,772.13			01-Jul-2005		7.990%		CA - 74.55%		Paid Off - 360		01-Nov-2004


92275841 3			389,000.00		385,906.14			23-Jun-2005		6.100%		CA - 86.01%		Paid Off - 360		01-Nov-2004

92833482 3			391,500.00		389,220.31			08-Jul-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Jan-2005

92950781 3			405,000.00		402,236.14			27-Jun-2005		6.900%		CA - 81.82%		Paid Off - 360		01-Nov-2004

93647949 1			169,999.00		167,717.67			07-Jul-2005		6.450%		CA - 84.14%		Paid Off - 360		01-Nov-2004

93896041 2			206,250.00		204,685.54			08-Jul-2005		6.350%		CT - 82.50%		Paid Off - 360		01-Nov-2004

94855541 1			255,000.00		254,139.57			28-Jun-2005		8.950%		NY - 60.00%		Paid Off - 360		01-Jan-2005

96052782 3			225,750.00		224,839.49			27-Jun-2005		8.850%		NJ - 75.00%		Paid Off - 360		01-Dec-2004

97056923 2			178,500.00		178,040.50			15-Jun-2005		10.450%		GA - 83.41%		Paid Off - 360		01-Jan-2005

97784961 3			470,000.00		467,201.58			29-Jun-2005		6.900%		CA - 89.68%		Paid Off - 360		01-Dec-2004

98105406 2			358,800.00		356,808.22			21-Jun-2005		6.450%		CT - 89.63%		Paid Off - 360		01-Jan-2005

98185408 3			425,000.00		423,938.03			30-Jun-2005		9.500%		CA - 85.00%		Paid Off - 360		01-Feb-2005

98465461 1			149,000.00		148,162.23			28-Jun-2005		6.400%		CA - 89.98%		Paid Off - 360		01-Jan-2005

98639149 3			117,000.00		116,454.87			30-Jun-2005		7.350%		CA - 26.53%		Paid Off - 360		01-Jan-2005

98801020 3			595,000.00		592,001.52			16-Jun-2005		6.950%		VT - 85.00%		Paid Off - 360		01-Jan-2005

99094740 2			179,000.00		177,827.33			30-Jun-2005		5.900%		MN - 88.07%		Paid Off - 360		01-Jan-2005

99237968 1			168,844.00		168,222.05			14-Jun-2005		7.600%		FL - 70.35%		Paid Off - 360		01-Feb-2005

99318388 3			215,000.00		211,494.87			29-Jun-2005		6.750%		CA - 53.83%		Paid Off - 180		01-Feb-2005

99326589 2			140,843.00		140,427.75			07-Jul-2005		9.600%		TN - 78.29%		Paid Off - 360		01-Jan-2005

99390585 3			368,000.00		366,368.20			28-Jun-2005		7.600%		CA - 77.47%		Paid Off - 360		01-Jan-2005

99683286 1			71,000.00		70,697.47			30-Jun-2005		7.800%		CA - 75.23%		Paid Off - 360		01-Jan-2005

99749806 1			432,000.00		430,455.63			14-Jun-2005		7.750%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

99938169 1			60,000.00		59,560.16			23-Jun-2005		9.100%		ME - 31.75%		Paid Off - 360		01-Jan-2005

99996027 2			288,000.00		286,828.92			16-Jun-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Feb-2005

100074988 2			144,000.00		143,172.08			08-Jul-2005		7.990%		ME - 72.00%		Paid Off - 360		01-Jan-2005

100127703 3			405,000.00		403,501.58			30-Jun-2005		8.500%		MD - 75.00%		Paid Off - 360		01-Jan-2005

100155464 3			528,000.00		525,124.76			08-Jul-2005		6.550%		CA - 84.48%		Paid Off - 360		01-Jan-2005

100168087 3			103,500.00		103,272.90			22-Jun-2005		10.990%		NC - 90.00%		Paid Off - 360		01-Jan-2005

100170307 3			276,660.00		275,444.71			07-Jul-2005		7.650%		CA - 84.87%		Paid Off - 360		01-Jan-2005

100171503 2			119,000.00		117,309.59			01-Jul-2005		8.750%		MD - 76.77%		Paid Off - 360		01-Jan-2005

100216746 1			88,200.00		88,007.80			20-Jun-2005		10.150%		IL - 60.00%		Paid Off - 360		01-Feb-2005

100587823 3			174,250.00		173,660.31			30-Jun-2005		10.650%		IL - 85.00%		Paid Off - 360		01-Jan-2005

100789569 2			134,000.00		133,370.80			29-Jun-2005		6.500%		NJ - 72.43%		Paid Off - 360		01-Feb-2005

100969740 2			236,000.00		235,324.49			05-Jul-2005		8.850%		MD - 53.27%		Paid Off - 360		01-Feb-2005

101021566 2			312,000.00		310,317.29			21-Jun-2005		6.600%		CA - 88.29%		Paid Off - 360		01-Jan-2005

101031003 1			187,200.00		186,618.53			06-Jul-2005		9.350%		IL - 90.00%		Paid Off - 360		01-Jan-2005

101346724 3			232,500.00		232,044.72			21-Jun-2005		10.650%		PA - 75.00%		Paid Off - 360		01-Feb-2005



Page 20 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

101360105 1			105,500.00		104,972.45			30-Jun-2005		6.990%		MO - 62.06%		Paid Off - 360		01-Jan-2005


101906261 2			242,000.00		240,973.28			30-Jun-2005		7.400%		NY - 84.91%		Paid Off - 360		01-Feb-2005

101931160 3			450,000.00		447,940.30			05-Jul-2005		6.500%		CA - 75.00%		Paid Off - 360		01-Feb-2005

102012408 2			93,856.00		93,570.12			15-Jun-2005		8.650%		CA - 70.57%		Paid Off - 360		01-Feb-2005

102282324 1			156,360.00		155,617.54			21-Jun-2005		6.300%		CT - 86.87%		Paid Off - 360		01-Feb-2005

102426608 2			187,500.00		186,829.69			17-Jun-2005		7.750%		MI - 75.00%		Paid Off - 360		01-Feb-2005

102474921 1			140,000.00		139,716.89			27-Jun-2005		10.500%		CT - 80.00%		Paid Off - 360		01-Feb-2005

102525268 3			271,170.00		269,930.93			08-Jul-2005		6.500%		CA - 85.95%		Paid Off - 360		01-Feb-2005

102619020 2			179,000.00		178,461.17			20-Jun-2005		5.990%		TN - 89.50%		Paid Off - 360		01-Apr-2005

102675188 1			236,250.00		235,717.51			29-Jun-2005		9.990%		NY - 75.00%		Paid Off - 360		01-Feb-2005

102706140 1			218,750.00		218,018.32			20-Jun-2005		8.150%		MD - 71.72%		Paid Off - 360		01-Feb-2005

102936267 3			481,000.00		478,982.78			30-Jun-2005		6.950%		CA - 78.65%		Paid Off - 360		01-Feb-2005

103216701 1			101,700.00		101,332.75			16-Jun-2005		7.700%		AZ - 90.00%		Paid Off - 360		01-Feb-2005

103227922 3			83,302.00		83,024.42			17-Jun-2005		8.100%		FL - 54.76%		Paid Off - 360		01-Feb-2005

103337648 2			130,000.00		129,506.63			15-Jun-2005		7.450%		CT - 54.17%		Paid Off - 360		01-Feb-2005

103375820 2			282,150.00		280,823.04			01-Jul-2005		6.350%		CA - 82.50%		Paid Off - 360		01-Feb-2005

103400826 2			306,500.00		305,044.62			01-Jul-2005		6.300%		CA - 81.73%		Paid Off - 360		01-Feb-2005

103550000 2			86,000.00		85,591.64			13-Jun-2005		6.300%		AZ - 47.62%		Paid Off - 360		01-Feb-2005

103864781 1			310,000.00		308,470.74			15-Jun-2005		6.100%		NY - 64.68%		Paid Off - 360		01-Feb-2005

104159603 1			104,000.00		103,705.62			06-Jul-2005		8.900%		SC - 73.76%		Paid Off - 360		01-Feb-2005

104368006 1			249,000.00		247,947.11			29-Jun-2005		6.900%		CA - 52.42%		Paid Off - 360		01-Feb-2005

105170146 1			267,533.00		266,707.09			22-Jun-2005		7.350%		IL - 57.53%		Paid Off - 360		01-Mar-2005

105457824 3			#######		84,599.20			16-Jun-2005		10.550%		MD - 74.96%		Paid Off - 360		01-Apr-2005

106151780 2			92,500.00		92,305.93			01-Jul-2005		9.250%		CA - 24.47%		Paid Off - 360		01-Mar-2005

106301344 2			70,000.00		69,504.87			29-Jun-2005		7.750%		ME - 51.85%		Paid Off - 240		01-Mar-2005

106490063 2			139,400.00		139,235.65			13-Jun-2005		8.650%		FL - 85.00%		Paid Off - 360		01-May-2005

106672686 3			353,000.00		352,107.74			06-Jul-2005		6.900%		CA - 88.25%		Paid Off - 360		01-Apr-2005

106795586 2			139,500.00		139,269.20			24-Jun-2005		8.990%		WI - 90.00%		Paid Off - 360		01-Apr-2005

106985641 3			593,600.00		592,788.57			30-Jun-2005		9.900%		NJ - 80.00%		Paid Off - 360		01-Apr-2005

107278020 1			116,850.00		116,455.82			06-Jul-2005		6.990%		MN - 95.00%		Paid Off - 360		01-Apr-2005

107289902 2			148,000.00		147,389.07			01-Jul-2005		5.850%		AZ - 80.00%		Paid Off - 360		01-Mar-2005

107318826 1			340,000.00		338,989.17			13-Jun-2005		6.050%		MA - 56.20%		Paid Off - 360		01-Apr-2005

107350282 2			126,500.00		126,174.59			27-Jun-2005		6.800%		FL - 84.33%		Paid Off - 360		01-Apr-2005

107458226 2			182,000.00		181,773.97			30-Jun-2005		10.350%		NJ - 84.65%		Paid Off - 360		01-Apr-2005

107562548 1			85,000.00		84,779.48			16-Jun-2005		7.250%		WI - 80.19%		Paid Off - 360		01-Apr-2005

107568966 3			700,000.00		698,591.59			21-Jun-2005		9.450%		NJ - 58.33%		Paid Off - 360		01-Mar-2005

107820482 2			137,000.00		136,660.46			15-Jun-2005		6.990%		MD - 83.54%		Paid Off - 360		01-Apr-2005

107849440 3			193,100.00		192,267.44			01-Jul-2005		6.200%		FL - 87.77%		Paid Off - 360		01-Apr-2005



Page 21 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

107860306 3			374,000.00		373,443.72			28-Jun-2005		9.500%		CA - 85.00%		Paid Off - 360		01-Apr-2005


107915365 1			179,000.00		178,636.51			23-Jun-2005		7.990%		MD - 77.49%		Paid Off - 360		01-Apr-2005

107942161 2			201,500.00		201,257.67			22-Jun-2005		10.500%		NJ - 74.63%		Paid Off - 360		01-Apr-2005

107951782 3			126,000.00		125,827.74			15-Jun-2005		9.900%		FL - 50.40%		Paid Off - 360		01-Apr-2005

107962409 1			183,747.00		183,355.41			21-Jun-2005		7.750%		NV - 75.00%		Paid Off - 360		01-Apr-2005

107986606 2			170,500.00		170,063.14			30-Jun-2005		7.990%		IL - 87.44%		Paid Off - 360		01-Apr-2005

108032764 2			116,500.00		116,306.34			29-Jun-2005		10.300%		IL - 83.21%		Paid Off - 360		01-Apr-2005

108033887 3			90,000.00		89,815.76			29-Jun-2005		7.950%		PA - 74.38%		Paid Off - 360		01-Apr-2005

108039728 1			228,000.00		227,494.25			21-Jun-2005		7.550%		NV - 75.00%		Paid Off - 360		01-Apr-2005

108054941 2			131,250.00		131,086.97			28-Jun-2005		10.350%		PA - 75.00%		Paid Off - 360		01-Apr-2005

108070301 3			479,400.00		478,664.18			30-Jun-2005		9.350%		CA - 85.00%		Paid Off - 360		01-Apr-2005

108072745 3			344,913.00		343,952.36			23-Jun-2005		6.500%		CA - 68.98%		Paid Off - 360		01-Apr-2005

108084666 1			65,000.00		64,937.75			29-Jun-2005		11.550%		NJ - 40.63%		Paid Off - 360		01-Apr-2005

108122243 3			70,000.00		69,857.85			29-Jun-2005		7.990%		CA - 56.00%		Paid Off - 360		01-Apr-2005

108138728 3			276,500.00		276,022.52			15-Jun-2005		6.750%		CA - 73.73%		Paid Off - 360		01-May-2005

108152083 3			220,000.00		219,471.66			29-Jun-2005		7.150%		CA - 46.81%		Paid Off - 360		01-Apr-2005

108170325 3			115,500.00		115,274.57			13-Jun-2005		8.200%		OH - 57.75%		Paid Off - 360		01-Apr-2005

108211269 3			164,249.00		164,004.68			06-Jul-2005		9.500%		FL - 75.00%		Paid Off - 360		01-Apr-2005

108221763 1			274,500.00		274,045.84			21-Jun-2005		8.990%		CA - 84.99%		Paid Off - 360		01-Apr-2005

108238023 1			141,900.00		141,765.62			13-Jun-2005		9.700%		WI - 83.47%		Paid Off - 360		01-May-2005

108362468 3			145,800.00		145,500.59			30-Jun-2005		8.200%		FL - 90.00%		Paid Off - 360		01-Apr-2005

108368861 2			227,000.00		226,647.91			06-Jul-2005		9.300%		GA - 87.31%		Paid Off - 360		01-Apr-2005

108385683 2			161,100.00		160,664.94			30-Jun-2005		7.450%		PA - 90.00%		Paid Off - 360		01-Apr-2005

108389669 3			184,000.00		183,503.08			23-Jun-2005		6.550%		MD - 73.60%		Paid Off - 360		01-Apr-2005

108393687 1			247,500.00		246,791.78			01-Jul-2005		6.250%		WI - 73.88%		Paid Off - 360		01-Apr-2005

108394222 2			255,000.00		254,578.07			06-Jul-2005		8.990%		NJ - 75.00%		Paid Off - 360		01-Apr-2005

108409046 3			82,700.00		82,542.31			06-Jul-2005		8.300%		MI - 70.03%		Paid Off - 360		01-Apr-2005

108414400 3			391,000.00		390,690.67			07-Jul-2005		12.550%		CA - 83.19%		Paid Off - 360		01-Apr-2005

108415027 3			113,000.00		112,763.98			06-Jul-2005		7.850%		FL - 74.34%		Paid Off - 360		01-Apr-2005

108551680 3			472,500.00		471,441.42			05-Jul-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Apr-2005

108552340 2			340,000.00		339,289.86			16-Jun-2005		7.850%		CA - 77.27%		Paid Off - 360		01-Apr-2005

108628587 1			213,750.00		213,366.71			29-Jun-2005		8.600%		CA - 75.00%		Paid Off - 360		01-Apr-2005

108638586 3			367,500.00		366,724.64			20-Jun-2005		7.800%		NJ - 86.47%		Paid Off - 360		01-Apr-2005

108753666 2			153,750.00		153,468.57			13-Jun-2005		8.500%		MD - 75.00%		Paid Off - 360		01-Apr-2005

108856188 3			646,000.00		644,976.90			05-Jul-2005		9.200%		CA - 85.00%		Paid Off - 360		01-Apr-2005

108876160 2			99,750.00		99,549.87			22-Jun-2005		8.050%		WI - 75.00%		Paid Off - 360		01-Apr-2005

108877606 1			105,500.00		105,258.80			07-Jul-2005		7.990%		LA - 89.94%		Paid Off - 360		01-Apr-2005

108909201 3			181,000.00		180,685.30			30-Jun-2005		8.750%		GA - 69.08%		Paid Off - 360		01-Apr-2005



Page 22 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

108965229 1			187,000.00		186,628.65			21-Jun-2005		8.100%		MD - 73.33%		Paid Off - 360		01-Apr-2005


109021824 2			135,000.00		134,757.92			05-Jul-2005		8.600%		NJ - 38.57%		Paid Off - 360		01-Apr-2005

109023648 1			224,000.00		223,412.45			05-Jul-2005		6.700%		CO - 77.24%		Paid Off - 360		01-Apr-2005

109029983 1			215,000.00		214,384.08			30-Jun-2005		6.250%		MA - 53.35%		Paid Off - 360		01-Apr-2005

109042689 3			168,000.00		167,723.22			30-Jun-2005		6.990%		MI - 70.00%		Paid Off - 360		01-May-2005

109049502 2			122,500.00		122,339.51			30-Jun-2005		10.100%		IL - 80.70%		Paid Off - 360		01-Apr-2005

109063404 1			62,800.00		62,728.65			20-Jun-2005		10.900%		LA - 34.89%		Paid Off - 360		01-Apr-2005

109084004 3			476,500.00		475,378.10			14-Jun-2005		7.250%		CA - 86.32%		Paid Off - 360		01-Apr-2005

109089722 3			294,597.00		293,950.02			05-Jul-2005		7.600%		CA - 88.05%		Paid Off - 360		01-Apr-2005

109126326 1			183,000.00		182,589.99			29-Jun-2005		7.500%		NY - 50.14%		Paid Off - 360		01-Apr-2005

109180745 2			98,000.00		97,596.85			30-Jun-2005		9.750%		MD - 52.97%		Paid Off - 240		01-Apr-2005

109224006 3			93,650.00		93,473.24			27-Jun-2005		8.350%		IN - 78.04%		Paid Off - 360		01-Apr-2005

109266809 3			115,000.00		114,804.13			20-Jun-2005		8.850%		CA - 65.71%		Paid Off - 360		01-Apr-2005

109308569 3			445,825.00		444,484.29			16-Jun-2005		5.990%		AZ - 83.02%		Paid Off - 360		01-Apr-2005

109318741 3			157,500.00		157,199.70			30-Jun-2005		8.300%		KY - 75.00%		Paid Off - 360		01-Apr-2005

109333088 1			216,748.00		216,531.17			24-Jun-2005		11.350%		GA - 85.00%		Paid Off - 360		01-Apr-2005

109366781 2			328,500.00		328,091.99			21-Jun-2005		10.350%		NJ - 81.11%		Paid Off - 360		01-Apr-2005

109369546 1			260,000.00		259,509.28			30-Jun-2005		8.350%		PA - 74.29%		Paid Off - 360		01-Apr-2005

109437129 1			166,000.00		165,572.99			27-Jun-2005		6.800%		MD - 54.07%		Paid Off - 360		01-Apr-2005

109462184 3			292,000.00		291,188.24			30-Jun-2005		6.400%		CA - 76.84%		Paid Off - 360		01-Apr-2005

109493668 3			181,050.00		180,682.37			14-Jun-2005		7.990%		IL - 85.00%		Paid Off - 360		01-Apr-2005

109497487 3			424,000.00		423,069.68			05-Jul-2005		5.500%		CA - 84.80%		Paid Off - 360		01-May-2005

109525121 2			112,500.00		112,317.38			07-Jul-2005		9.400%		NJ - 53.57%		Paid Off - 360		01-Apr-2005

109558742 3			134,300.00		134,077.79			23-Jun-2005		8.990%		NJ - 85.00%		Paid Off - 360		01-Apr-2005

109589523 1			119,000.00		118,795.22			20-Jun-2005		8.800%		CT - 85.00%		Paid Off - 360		01-Apr-2005

109616268 3			60,000.00		59,911.67			13-Jun-2005		9.550%		FL - 46.88%		Paid Off - 360		01-Apr-2005

109626481 2			261,000.00		260,449.32			30-Jun-2005		7.800%		NV - 90.00%		Paid Off - 360		01-Apr-2005

109646000 3			76,038.00		75,452.03			28-Jun-2005		9.400%		NY - 34.56%		Paid Off - 180		01-Apr-2005

109657262 1			337,500.00		337,134.84			21-Jun-2005		10.990%		NJ - 75.00%		Paid Off - 360		01-Apr-2005

109670125 3			198,000.00		197,785.77			07-Jul-2005		10.990%		SC - 55.00%		Paid Off - 360		01-Apr-2005

109717785 3			185,250.00		184,863.07			21-Jun-2005		7.850%		CA - 75.00%		Paid Off - 360		01-Apr-2005

109718882 3			137,314.00		137,006.36			08-Jul-2005		7.500%		FL - 87.46%		Paid Off - 360		01-Apr-2005

109760280 1			68,000.00		67,805.73			07-Jul-2005		8.990%		TN - 79.07%		Paid Off - 360		01-Apr-2005

109761783 1			117,000.00		116,843.08			06-Jul-2005		9.990%		NJ - 90.00%		Paid Off - 360		01-Apr-2005

109787481 2			233,750.00		233,459.67			22-Jun-2005		10.350%		NJ - 83.48%		Paid Off - 360		01-Apr-2005

109791822 2			181,500.00		181,002.27			28-Jun-2005		6.500%		WA - 86.43%		Paid Off - 360		01-Apr-2005

109837229 3			148,000.00		147,714.91			01-Jul-2005		8.250%		ME - 74.00%		Paid Off - 360		01-Apr-2005

109846766 2			147,000.00		146,701.51			21-Jun-2005		7.990%		CA - 60.00%		Paid Off - 360		01-Apr-2005



Page 23 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

109850966 2			94,500.00		94,265.79			24-Jun-2005		6.990%		PA - 90.00%		Paid Off - 360		01-Apr-2005


109854224 2			119,000.00		118,731.35			21-Jun-2005		10.250%		IL - 85.00%		Paid Off - 360		01-May-2005

109890202 1			236,969.00		236,589.77			20-Jun-2005		9.150%		CA - 89.69%		Paid Off - 360		01-Apr-2005

109892364 3			703,000.00		701,700.02			01-Jul-2005		8.450%		CA - 74.00%		Paid Off - 360		01-Apr-2005

109908848 2			215,000.00		214,546.37			05-Jul-2005		7.800%		NJ - 81.13%		Paid Off - 360		01-Apr-2005

109969501 1			69,000.00		68,907.45			08-Jul-2005		9.990%		MI - 84.61%		Paid Off - 360		01-Apr-2005

109977082 2			103,000.00		102,830.32			01-Jul-2005		6.990%		NJ - 79.54%		Paid Off - 360		01-May-2005

109982447 1			202,000.00		201,573.82			17-Jun-2005		7.800%		NV - 75.37%		Paid Off - 360		01-Apr-2005

109999102 1			108,780.00		108,600.02			27-Jun-2005		8.990%		FL - 90.00%		Paid Off - 360		01-Apr-2005

110025483 1			158,116.00		157,758.19			30-Jun-2005		7.450%		OR - 84.10%		Paid Off - 360		01-Apr-2005

110044666 1			128,000.00		127,797.28			17-Jun-2005		9.200%		NJ - 69.19%		Paid Off - 360		01-Apr-2005

110156809 2			136,728.00		136,316.82			22-Jun-2005		5.990%		CA - 73.63%		Paid Off - 360		01-Apr-2005

110183381 1			234,551.00		233,805.80			07-Jul-2005		5.700%		CA - 80.00%		Paid Off - 360		01-Apr-2005

110189503 2			67,500.00		67,402.71			30-Jun-2005		9.650%		TN - 75.00%		Paid Off - 360		01-Apr-2005

110222007 3			740,000.00		738,358.56			06-Jul-2005		7.550%		MD - 54.82%		Paid Off - 360		01-Apr-2005

110259207 2			304,900.00		304,230.38			30-Jun-2005		7.600%		AL - 89.68%		Paid Off - 360		01-Apr-2005

110288727 3			81,000.00		80,785.44			22-Jun-2005		6.650%		FL - 78.64%		Paid Off - 360		01-Apr-2005

110319225 3			133,800.00		133,528.30			17-Jun-2005		7.990%		CO - 72.47%		Paid Off - 360		01-Apr-2005

110335445 1			120,000.00		119,728.44			21-Jun-2005		7.450%		NJ - 40.86%		Paid Off - 360		01-Apr-2005

110339389 3			735,000.00		733,598.59			30-Jun-2005		8.300%		CA - 84.97%		Paid Off - 360		01-Apr-2005

110419280 2			173,000.00		172,409.88			24-Jun-2005		7.990%		NC - 62.91%		Paid Off - 240		01-May-2005

110439981 2			111,500.00		111,355.85			30-Jun-2005		8.200%		NJ - 82.59%		Paid Off - 360		01-May-2005

110453305 3			430,000.00		429,228.93			14-Jun-2005		8.600%		CA - 87.76%		Paid Off - 360		01-Apr-2005

110454626 1			60,323.00		59,760.96			14-Jun-2005		7.250%		FL - 41.93%		Paid Off - 180		01-Apr-2005

110464583 1			228,000.00		227,793.07			06-Jul-2005		9.900%		NJ - 67.06%		Paid Off - 360		01-May-2005

110471307 2			263,500.00		263,108.06			20-Jun-2005		9.500%		NJ - 85.00%		Paid Off - 360		01-Apr-2005

110484821 2			67,000.00		66,905.11			15-Jun-2005		7.750%		MO - 54.92%		Paid Off - 360		01-May-2005

110497062 2			262,000.00		261,495.33			01-Jul-2005		8.250%		CA - 79.39%		Paid Off - 360		01-Apr-2005

110524600 2			297,000.00		296,205.69			27-Jun-2005		6.600%		MN - 90.00%		Paid Off - 360		01-Apr-2005

110572021 2			225,369.00		225,121.36			21-Jun-2005		8.990%		GA - 89.26%		Paid Off - 360		01-May-2005

110591088 1			144,000.00		143,774.28			24-Jun-2005		9.250%		MD - 59.75%		Paid Off - 360		01-Apr-2005

110634706 1			138,000.00		137,693.88			08-Jul-2005		7.550%		LA - 71.50%		Paid Off - 360		01-Apr-2005

110638285 2			142,000.00		141,627.52			24-Jun-2005		6.700%		MD - 81.14%		Paid Off - 360		01-Apr-2005

110639606 3			100,000.00		99,500.74			16-Jun-2005		7.650%		PA - 45.46%		Paid Off - 360		01-May-2005

110700226 2			178,500.00		178,217.28			06-Jul-2005		9.200%		FL - 70.00%		Paid Off - 360		01-Apr-2005

110725629 2			322,500.00		321,921.71			16-Jun-2005		8.600%		FL - 75.00%		Paid Off - 360		01-Apr-2005

110761004 3			162,000.00		161,647.76			20-Jun-2005		7.650%		NY - 81.00%		Paid Off - 360		01-Apr-2005

110893609 3			337,500.00		336,829.79			01-Jul-2005		8.100%		NY - 69.59%		Paid Off - 360		01-Apr-2005



Page 24 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

110985447 3			483,000.00		482,381.90			01-Jul-2005		8.250%		CA - 74.88%		Paid Off - 360		01-May-2005


111091344 3			65,000.00		64,892.45			29-Jun-2005		8.990%		AZ - 59.09%		Paid Off - 360		01-Apr-2005

111097804 2			150,000.00		149,692.22			21-Jun-2005		5.950%		DE - 75.00%		Paid Off - 360		01-May-2005

111099941 1			152,000.00		151,764.25			27-Jun-2005		9.300%		AZ - 86.86%		Paid Off - 360		01-Apr-2005

111132528 2			157,500.00		157,350.86			27-Jun-2005		9.700%		NJ - 75.00%		Paid Off - 360		01-May-2005

111193488 2			236,000.00		235,572.13			17-Jun-2005		6.500%		CA - 78.67%		Paid Off - 360		01-May-2005

111221008 1			301,500.00		301,059.97			28-Jun-2005		7.600%		FL - 90.00%		Paid Off - 360		01-May-2005

111287603 3			61,500.00		61,440.52			16-Jun-2005		9.600%		FL - 72.35%		Paid Off - 360		01-May-2005

111442406 1			228,750.00		228,419.43			05-Jul-2005		8.450%		MD - 75.00%		Paid Off - 360		01-May-2005

111480141 1			206,000.00		205,766.96			06-Jul-2005		8.850%		CA - 74.91%		Paid Off - 360		01-May-2005

111499844 2			61,163.00		61,081.47			07-Jul-2005		8.050%		MI - 50.55%		Paid Off - 360		01-May-2005

111549887 2			110,000.00		109,851.58			27-Jun-2005		7.990%		MN - 78.57%		Paid Off - 360		01-May-2005

111607487 2			209,500.00		209,162.27			01-Jul-2005		7.100%		IL - 52.64%		Paid Off - 360		01-May-2005

111668885 2			299,000.00		298,559.24			06-Jul-2005		7.550%		CA - 65.71%		Paid Off - 360		01-May-2005

111714127 1			79,000.00		78,900.93			06-Jul-2005		8.350%		IN - 79.00%		Paid Off - 360		01-May-2005

111835583 3			499,999.00		499,530.55			16-Jun-2005		9.750%		CA - 75.38%		Paid Off - 360		01-May-2005

111849949 1			160,000.00		158,058.22			21-Jun-2005		6.150%		MD - 61.54%		Paid Off - 120		01-May-2005

111953345 1			189,000.00		188,640.39			14-Jun-2005		6.250%		NY - 29.08%		Paid Off - 360		01-May-2005

112099627 3			321,000.00		320,711.75			20-Jun-2005		9.950%		NH - 79.26%		Paid Off - 360		01-May-2005

112537360 3			600,000.00		599,115.53			20-Jun-2005		7.550%		MI - 88.37%		Paid Off - 360		01-May-2005

113184808 1			156,000.00		155,810.31			01-Jul-2005		8.500%		MD - 61.66%		Paid Off - 360		01-May-2005

113566129 3			244,000.00		243,670.79			06-Jul-2005		7.990%		IL - 87.14%		Paid Off - 360		01-May-2005

111143624 2			272,000.00		271,506.87			05-Jul-2005		6.500%		CT - 82.42%		Repur/Subs - 360		01-May-2005



TOTAL			46,881,596.00		46,747,693.56



Page 25 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




Number of Loans Liquidated								0		0		0		0
Collateral Principal Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								0.00		0.00		0.00		0.00

Cumulative




Number of Loans Liquidated								0		0		0		0
Collateral Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								0.00		0.00		0.00		0.00










Page 26 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



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


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


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


Loss Severity Approximation for Current Period								0.00%		0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation								0.00%		0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation								0.00%		0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off								0.00%		0.00%		0.00%		0.00%












Page 27 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution





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 28 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)





TOTAL



Page 29 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

								Group 3		Group 2		Group 1		Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						Balances 60+ days includes REO, BKC and FCL								7,787,094.68
						Delinquency Percentage								0.4110%
						Balance of Mezzanine and C Class								250,000,000.05
						Ending Pool Balance								1,894,853,683.26
						Credit Enhancement Percentage (Current Period)								13.1936%
						Credit Enhancement Percentage (Prior Period)								12.8648%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current LIBOR Rate														3.314380%
Next LIBOR Rate														0.000000%




Page 30 of 31
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

July 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT


CLASS







Page 31 of 31

Ameriquest Mortgage Securities Inc. Series 2005-R3 8-K