

                                       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): August 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
     August 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:  Aug 26, 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 August 25, 2005.



Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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					28

										10. Realized Loss Detail Report					31
										11. Triggers and Adj. Cert. Report					32
				Servicer(s)
										12. Additional Certificate Report					33
				Ameriquest Mortgage Corp



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

										Total Number of Pages					33



				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:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005
										Main Phone Number:			(714) 247-6000

							August 24, 2005


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






Page 1 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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		393,204,110.99		1,239,248.29		15,227,288.21		16,466,536.50		0.00		0.00		377,976,822.78

A-1B	FLT, STEP	$	103,600,000.00		98,301,502.18		314,892.48		3,806,840.43		4,121,732.91		0.00		0.00		94,494,661.75
A-2A	FLT, STEP	$	419,185,000.00		396,675,837.70		1,257,021.65		10,593,776.65		11,850,798.30		0.00		0.00		386,082,061.05
A-2B	FLT, STEP	$	104,796,000.00		99,168,722.85		318,524.43		2,648,437.85		2,966,962.28		0.00		0.00		96,520,285.00
A-3A	FLT, STEP	$	292,740,000.00		242,222,409.49		740,460.45		27,883,257.50		28,623,717.95		0.00		0.00		214,339,151.99
A-3B	FLT, STEP	$	125,396,000.00		125,396,000.00		388,727.60		0.00		388,727.60		0.00		0.00		125,396,000.00
A-3C	FLT, STEP	$	158,909,000.00		158,909,000.00		500,828.20		0.00		500,828.20		0.00		0.00		158,909,000.00
A-3D	FLT, STEP	$	130,976,000.00		130,976,000.00		426,326.88		0.00		426,326.88		0.00		0.00		130,976,000.00
M-1	MEZ, FLT, S	$	53,000,000.00		53,000,000.00		177,991.67		0.00		177,991.67		0.00		0.00		53,000,000.00
M-2	MEZ, FLT, S	$	47,000,000.00		47,000,000.00		159,055.83		0.00		159,055.83		0.00		0.00		47,000,000.00
M-3	MEZ, FLT, S	$	27,000,000.00		27,000,000.00		92,302.50		0.00		92,302.50		0.00		0.00		27,000,000.00
M-4	MEZ, FLT, S	$	25,000,000.00		25,000,000.00		87,833.33		0.00		87,833.33		0.00		0.00		25,000,000.00
M-5	MEZ, FLT, S	$	19,000,000.00		19,000,000.00		67,244.17		0.00		67,244.17		0.00		0.00		19,000,000.00
M-6	MEZ, FLT, S	$	13,000,000.00		13,000,000.00		46,568.89		0.00		46,568.89		0.00		0.00		13,000,000.00
M-7	MEZ, FLT, S	$	10,000,000.00		10,000,000.00		41,161.11		0.00		41,161.11		0.00		0.00		10,000,000.00
M-8	MEZ, FLT, S	$	10,000,000.00		10,000,000.00		42,022.22		0.00		42,022.22		0.00		0.00		10,000,000.00
M-9	MEZ, FLT, S	$	13,000,000.00		13,000,000.00		60,561.94		0.00		60,561.94		0.00		0.00		13,000,000.00
M-10	MEZ, FLT, S	$	23,000,000.00		23,000,000.00		118,041.11		0.00		118,041.11		0.00		0.00		23,000,000.00
CE	SUB	$	9,999,910.51		10,000,000.05		3,223,707.18		0.00		3,223,707.18		0.00		0.00		10,000,000.05
P	EXE	$	100.00		100.00		855,878.40		0.00		855,878.40		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		1,894,853,683.26		10,158,398.33		60,159,600.64		70,317,998.97		0.00		0.00		1,834,694,082.62






Page 2 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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	07/25/05		08/24/05		A-Act/360		03072SA96		414,398,000.00		948.856199		2.990478		36.745564		39.736042	912.110635
A-1B	07/25/05		08/24/05		A-Act/360		03072SZS7		103,600,000.00		948.856199		3.039503		36.745564		39.785067	912.110635
A-2A	07/25/05		08/24/05		A-Act/360		03072SB20		419,185,000.00		946.302558		2.998728		25.272318		28.271046	921.030240
A-2B	07/25/05		08/24/05		A-Act/360		03072SB38		104,796,000.00		946.302558		3.039471		25.272318		28.311789	921.030240
A-3A	07/25/05		08/24/05		A-Act/360		03072SZT5		292,740,000.00		827.431883		2.529413		95.249223		97.778636	732.182660
A-3B	07/25/05		08/24/05		A-Act/360		03072SZU2		125,396,000.00		1,000.000000		3.100000		0.000000		3.100000	1,000.000000
A-3C	07/25/05		08/24/05		A-Act/360		03072SZV0		158,909,000.00		1,000.000000		3.151667		0.000000		3.151667	1,000.000000
A-3D	07/25/05		08/24/05		A-Act/360		03072SZW8		130,976,000.00		1,000.000000		3.255000		0.000000		3.255000	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		03072SZX6		53,000,000.00		1,000.000000		3.358333		0.000000		3.358333	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		03072SZY4		47,000,000.00		1,000.000000		3.384167		0.000000		3.384167	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		03072SZZ1		27,000,000.00		1,000.000000		3.418611		0.000000		3.418611	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		03072SA21		25,000,000.00		1,000.000000		3.513333		0.000000		3.513333	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		03072SA39		19,000,000.00		1,000.000000		3.539167		0.000000		3.539167	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		03072SA47		13,000,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		03072SA54		10,000,000.00		1,000.000000		4.116111		0.000000		4.116111	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		03072SA62		10,000,000.00		1,000.000000		4.202222		0.000000		4.202222	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		03072SA70		13,000,000.00		1,000.000000		4.658611		0.000000		4.658611	1,000.000000
M-10	07/25/05		08/24/05		A-Act/360		03072SA88		23,000,000.00		1,000.000000		5.132222		0.000000		5.132222	1,000.000000
CE	07/01/05		07/30/05		A-30/360				9,999,910.51		1,000.008954		322.373603		0.000000		322.373603	1,000.008954
P	07/01/05		07/30/05				100.00		1,000.000000		8,558,784.000000		0.000000		8,558,784.000000		1,000.000000
R	07/01/05		07/30/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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		4,617,543.07		35,022,261.72		1,398,915.50		36,421,177.22		41,038,720.29		0.00		0.00		377,976,822.78
A-1B	103,600,000.00		1,174,626.14		8,755,607.69		349,730.56		9,105,338.25		10,279,964.39		0.00		0.00		94,494,661.75
A-2A	419,185,000.00		4,696,734.00		31,790,131.74		1,312,807.21		33,102,938.95		37,799,672.95		0.00		0.00		386,082,061.05
A-2B	104,796,000.00		1,191,233.25		7,947,513.98		328,201.02		8,275,715.00		9,466,948.25		0.00		0.00		96,520,285.00
A-3A	292,740,000.00		2,980,621.05		75,366,242.49		3,034,605.52		78,400,848.01		81,381,469.06		0.00		0.00		214,339,151.99
A-3B	125,396,000.00		1,407,056.82		0.00		0.00		0.00		1,407,056.82		0.00		0.00		125,396,000.00
A-3C	158,909,000.00		1,814,884.86		0.00		0.00		0.00		1,814,884.86		0.00		0.00		158,909,000.00
A-3D	130,976,000.00		1,548,255.08		0.00		0.00		0.00		1,548,255.08		0.00		0.00		130,976,000.00
M-1	53,000,000.00		647,708.06		0.00		0.00		0.00		647,708.06		0.00		0.00		53,000,000.00
M-2	47,000,000.00		579,082.61		0.00		0.00		0.00		579,082.61		0.00		0.00		47,000,000.00
M-3	27,000,000.00		336,264.48		0.00		0.00		0.00		336,264.48		0.00		0.00		27,000,000.00
M-4	25,000,000.00		320,522.66		0.00		0.00		0.00		320,522.66		0.00		0.00		25,000,000.00
M-5	19,000,000.00		245,497.23		0.00		0.00		0.00		245,497.23		0.00		0.00		19,000,000.00
M-6	13,000,000.00		170,138.46		0.00		0.00		0.00		170,138.46		0.00		0.00		13,000,000.00
M-7	10,000,000.00		151,542.40		0.00		0.00		0.00		151,542.40		0.00		0.00		10,000,000.00
M-8	10,000,000.00		154,875.74		0.00		0.00		0.00		154,875.74		0.00		0.00		10,000,000.00
M-9	13,000,000.00		224,305.11		0.00		0.00		0.00		224,305.11		0.00		0.00		13,000,000.00
M-10	23,000,000.00		439,014.18		0.00		0.00		0.00		439,014.18		0.00		0.00		23,000,000.00
CE	9,999,910.51		13,952,523.42		-83.11		-6.43		0.00		13,952,523.42		0.00		89.54		10,000,000.05
P	100.00		2,038,395.16		0.00		0.00		0.00		2,038,395.16		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		38,690,823.78		158,881,674.51		6,424,253.38		165,306,017.43		203,996,841.21		0.00		89.54		1,834,694,082.62



Page 4 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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	3.66000%		393,204,110.99		1,239,248.29		0.00		0.00		0.00		1,239,248.29		1,239,248.29		0.00
A-1B	3.72000%		98,301,502.18		314,892.48		0.00		0.00		0.00		314,892.48		314,892.48		0.00
A-2A	3.68000%		396,675,837.70		1,257,021.65		0.00		0.00		0.00		1,257,021.65		1,257,021.65		0.00
A-2B	3.73000%		99,168,722.85		318,524.43		0.00		0.00		0.00		318,524.43		318,524.43		0.00
A-3A	3.55000%		242,222,409.49		740,460.45		0.00		0.00		0.00		740,460.45		740,460.45		0.00
A-3B	3.60000%		125,396,000.00		388,727.60		0.00		0.00		0.00		388,727.60		388,727.60		0.00
A-3C	3.66000%		158,909,000.00		500,828.20		0.00		0.00		0.00		500,828.20		500,828.20		0.00
A-3D	3.78000%		130,976,000.00		426,326.88		0.00		0.00		0.00		426,326.88		426,326.88		0.00
M-1	3.90000%		53,000,000.00		177,991.67		0.00		0.00		0.00		177,991.67		177,991.67		0.00
M-2	3.93000%		47,000,000.00		159,055.83		0.00		0.00		0.00		159,055.83		159,055.83		0.00
M-3	3.97000%		27,000,000.00		92,302.50		0.00		0.00		0.00		92,302.50		92,302.50		0.00
M-4	4.08000%		25,000,000.00		87,833.33		0.00		0.00		0.00		87,833.33		87,833.33		0.00
M-5	4.11000%		19,000,000.00		67,244.17		0.00		0.00		0.00		67,244.17		67,244.17		0.00
M-6	4.16000%		13,000,000.00		46,568.89		0.00		0.00		0.00		46,568.89		46,568.89		0.00
M-7	4.78000%		10,000,000.00		41,161.11		0.00		0.00		0.00		41,161.11		41,161.11		0.00
M-8	4.88000%		10,000,000.00		42,022.22		0.00		0.00		0.00		42,022.22		42,022.22		0.00
M-9	5.41000%		13,000,000.00		60,561.94		0.00		0.00		0.00		60,561.94		60,561.94		0.00
M-10	5.96000%		23,000,000.00		118,041.11		0.00		0.00		0.00		118,041.11		118,041.11		0.00
CE	0.00000%		10,000,000.05		0.00		0.00		0.00		0.00		0.00		3,223,707.18		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		855,878.40		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,894,853,683.26		#######		0.00		0.00		0.00		6,078,812.75		10,158,398.33		0.00



Page 5 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								27,883,257.50		13,242,214.50		19,034,128.64		60,159,600.64
Principal Withdrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								27,883,257.50		13,242,214.50		19,034,128.64		60,159,600.64
Interest Collections								4,612,135.05		3,532,760.79		3,492,393.83		11,637,289.68
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Fees								-643,909.01		-502,087.08		-493,494.70		-2,334,769.75
Interest Other Accounts								441,561.98		182,426.85		231,889.57		855,878.40
TOTAL NET INTEREST								4,409,788.02		3,213,100.56		3,230,788.70		10,158,398.33
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								32,293,045.52		16,455,315.06		22,264,917.34		70,317,998.97



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									622,962.32		478,348.89		465,018.28		1,566,329.49
Curtailments									49,816.79		60,299.90		44,273.76		154,390.45
Prepayments In Full									27,210,478.39		12,703,565.71		18,524,836.60		58,438,880.70
Repurchased/Substitutions									0.00		0.00		0.00		0.00
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									-250,459.42		-171,693.89		-176,608.16		-598,761.47
Realized Losses									-0.00		-0.00		-0.00		-0.00
Advanced Principal									250,459.42		171,693.89		176,608.16		598,761.47
TOTAL PRINCIPAL COLLECTED									27,883,257.50		13,242,214.50		19,034,128.64		60,159,600.64


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 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								4,746,814.67		3,626,623.94		3,588,102.52		11,961,541.13
Repurchased/Substitution Interest								0.00		0.00		0.00		0.00
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								-30,373.90		-15,996.44		-18,168.95		-64,539.29
Delinquent Interest								-2,089,804.48		-1,502,745.68		-1,515,776.85		-5,108,327.01
Compensating Interest								30,373.91		15,996.44		18,168.94		64,539.29
Civil Relief Act Shortfalls								-0.00		-0.00		-0.00		-0.00
Interest Advanced								1,955,124.86		1,408,882.54		1,420,068.16		4,784,075.56
TOTAL INTEREST COLLECTED								4,612,135.05		3,532,760.79		3,492,393.83		11,637,289.68


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								441,561.98		182,426.85		231,889.57		855,878.40
Net WAC Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS								441,561.98		182,426.85		231,889.57		855,878.40



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								181,424.44		143,927.94		139,918.54		465,270.92
Trustee Fees								663.82		499.36		494.82		1,658.00
PMI								461,820.75		357,659.78		353,081.35		1,172,561.88
SWAP INFLOW / (OUTFLOW)								0.00		0.00		0.00		695,278.96
TOTAL INTEREST FEES								643,909.01		502,087.08		493,494.70		2,334,769.75




Page 7 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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								3,610		3,689		3,540		10,839
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-106		-68		-96		-270
Repurchases								-0		-0		-0		-0
Liquidations								-0		-0		-0		-0
Current								3,504		3,621		3,444		10,569
Principal Balance:


Original								809,167,298.58		598,835,010.62		591,997,701.31		2,000,000,010.51
Prior								758,649,746.92		570,698,596.06		565,505,340.28		1,894,853,683.26
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-622,962.32		-478,348.89		-465,018.28		-1,566,329.49
Partial Prepayments								-49,816.79		-60,299.90		-44,273.76		-154,390.45
Full Voluntary Prepayments								-27,210,478.39		-12,703,565.71		-18,524,836.60		-58,438,880.70
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								730,766,489.42		557,456,381.56		546,471,211.64		1,834,694,082.62





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 8 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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								7.52317%		7.63304%		7.62238%		7.58567%
Weighted Average Coupon Current								7.50831%		7.62565%		7.61394%		7.57518%
Weighted Average Months to Maturity Original								353		351		351		352
Weighted Average Months to Maturity Prior								350		348		349		349
Weighted Average Months to Maturity Current								349		347		348		348
Weighted Avg Remaining Amortization Term Original								353		351		351		352
Weighted Avg Remaining Amortization Term Prior								350		348		349		349
Weighted Avg Remaining Amortization Term Current								349		347		348		348
Weighted Average Seasoning Original								2.33		2.26		2.28		2.29
Weighted Average Seasoning Prior								4.30		4.24		4.27		4.27
Weighted Average Seasoning Current								5.29		5.23		5.26		5.26









Page 9 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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								5.86171%		5.80047%		5.82050%		5.83099%
Weighted Average Margin Current								5.86103%		5.79601%		5.81762%		5.82840%
Weighted Average Max Rate Original								13.75446%		13.82124%		13.82268%		13.79470%
Weighted Average Max Rate Prior								13.73089%		13.82110%		13.81337%		13.78263%
Weighted Average Max Rate Current								13.71668%		13.81137%		13.80551%		13.77186%
Weighted Average Min Rate Original								7.75446%		7.82124%		7.82268%		7.79470%
Weighted Average Min Rate Prior								7.73089%		7.82110%		7.81337%		7.78263%
Weighted Average Min Rate Current								7.71668%		7.81137%		7.80551%		7.77186%
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								181,424.44		143,927.94		139,918.54		465,270.92
Delinquent Servicing Fees								134,679.62		93,863.14		95,708.69		324,251.45
TOTAL SERVICING FEES								316,104.07		237,791.09		235,627.24		789,522.40


Total Servicing Fees								316,104.07		237,791.09		235,627.24		789,522.40
Compensating Interest								-30,373.91		-15,996.44		-18,168.94		-64,539.29
Delinquent Servicing Fees								-134,679.62		-93,863.14		-95,708.69		-324,251.45
COLLECTED SERVICING FEES								151,050.54		127,931.51		121,749.60		400,731.65


Total Advanced Interest								1,955,124.86		1,408,882.54		1,420,068.16		4,784,075.56
Total Advanced Principal								250,459.42		171,693.89		176,608.16		598,761.47
Aggregate Advances with respect to this Distribution								2,205,584.28		1,580,576.43		1,596,676.32		5,382,837.03





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)								30,373.90		15,996.44		18,168.95		64,539.29
Compensating Interest								-30,373.91		-15,996.44		-18,168.94		-64,539.29
Net Prepayment Interest Shortfall (PPIS)								0.00		0.00		0.00		0.00


Ending Pool Stated Principal Balance								730,766,489.42		557,456,381.56		546,471,211.64		1,834,694,082.62
Weighted Average Net Mortgage Rate										6.756142%		6.855720%		6.433256%




Page 10 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				17,008,965.04		6,296,888.87		669,328.13		23,975,182.04
			% Balance				0.93%		0.34%		0.04%		1.31%
			# Loans				103		43		3		149
			% # Loans				0.97%		0.41%		0.03%		1.41%
	FORECLOSURE		Balance		0.00		0.00		1,245,794.44		3,897,801.65		5,143,596.09
			% Balance		0.00%		0.00%		0.07%		0.21%		0.28%
			# Loans		0		0		9		17		26
			% # Loans		0.00%		0.00%		0.09%		0.16%		0.25%
	BANKRUPTCY		Balance		1,977,587.60		307,883.46		130,960.30		586,361.18		3,002,792.54
			% Balance		0.11%		0.02%		0.01%		0.03%		0.16%
			# Loans		17		2		1		4		24
			% # Loans		0.16%		0.02%		0.01%		0.04%		0.23%
	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		1,977,587.60		17,316,848.50		7,673,643.61		5,153,490.96		32,121,570.67
			% Balance		0.11%		0.94%		0.42%		0.28%		1.75%
			# Loans		17		105		53		24		199
			% # Loans		0.16%		0.99%		0.50%		0.23%		1.88%









Page 11 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,134,453.80		2,090,444.50		341,574.85		7,566,473.15
			% Balance				0.94%		0.38%		0.06%		1.38%
			# Loans				36		17		2		55
			% # Loans				1.05%		0.49%		0.06%		1.60%
	FORECLOSURE		Balance		0.00		0.00		328,400.37		772,212.12		1,100,612.49
			% Balance		0.00%		0.00%		0.06%		0.14%		0.20%
			# Loans		0		0		3		4		7
			% # Loans		0.00%		0.00%		0.09%		0.12%		0.20%
	BANKRUPTCY		Balance		781,376.68		113,470.76		130,960.30		315,006.13		1,340,813.87
			% Balance		0.14%		0.02%		0.02%		0.06%		0.25%
			# Loans		7		1		1		3		12
			% # Loans		0.20%		0.03%		0.03%		0.09%		0.35%
	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		781,376.68		5,247,924.56		2,549,805.17		1,428,793.10		10,007,899.51
			% Balance		0.14%		0.96%		0.47%		0.26%		1.83%
			# Loans		7		37		21		9		74
			% # Loans		0.20%		1.07%		0.61%		0.26%		2.15%










Page 12 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,026,837.05		1,806,027.34		327,753.28		6,160,617.67
			% Balance				0.72%		0.32%		0.06%		1.11%
			# Loans				30		14		1		45
			% # Loans				0.83%		0.39%		0.03%		1.24%
	FORECLOSURE		Balance		0.00		0.00		357,638.78		1,312,517.11		1,670,155.89
			% Balance		0.00%		0.00%		0.06%		0.24%		0.30%
			# Loans		0		0		3		7		10
			% # Loans		0.00%		0.00%		0.08%		0.19%		0.28%
	BANKRUPTCY		Balance		1,006,777.93		194,412.70		0.00		271,355.05		1,472,545.68
			% Balance		0.18%		0.03%		0.00%		0.05%		0.26%
			# Loans		7		1		0		1		9
			% # Loans		0.19%		0.03%		0.00%		0.03%		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		1,006,777.93		4,221,249.75		2,163,666.12		1,911,625.44		9,303,319.24
			% Balance		0.18%		0.76%		0.39%		0.34%		1.67%
			# Loans		7		31		17		9		64
			% # Loans		0.19%		0.86%		0.47%		0.25%		1.77%










Page 13 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,847,674.19		2,400,417.03		0.00		10,248,091.22
			% Balance				1.07%		0.33%		0.00%		1.40%
			# Loans				37		12		0		49
			% # Loans				1.06%		0.34%		0.00%		1.40%
	FORECLOSURE		Balance		0.00		0.00		559,755.29		1,813,072.42		2,372,827.71
			% Balance		0.00%		0.00%		0.08%		0.25%		0.32%
			# Loans		0		0		3		6		9
			% # Loans		0.00%		0.00%		0.09%		0.17%		0.26%
	BANKRUPTCY		Balance		189,432.99		0.00		0.00		0.00		189,432.99
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		3		0		0		0		3
			% # Loans		0.09%		0.00%		0.00%		0.00%		0.09%
	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		189,432.99		7,847,674.19		2,960,172.32		1,813,072.42		12,810,351.92
			% Balance		0.03%		1.07%		0.41%		0.25%		1.75%
			# Loans		3		37		15		6		61
			% # Loans		0.09%		1.06%		0.43%		0.17%		1.74%









Page 14 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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
94578747 1
			61,600.00		61,346.42		01-Apr-2005		10.100%		OH - 70.00%		360		01-Dec-2004

103212106 1			360,000.00		359,074.32		01-Mar-2005		10.990%		MA - 74.23%		360		01-Feb-2005
104212022 1			190,000.00		189,023.68		01-Mar-2005		7.650%		CA - 62.30%		360		01-Feb-2005
107896680 1			124,300.00		123,860.08		01-Mar-2005		7.800%		MN - 77.69%		360		01-Apr-2005
108060401 1			100,500.00		100,254.04		01-Mar-2005		9.600%		ME - 69.31%		360		01-Apr-2005
110759362 1			155,200.00		154,682.82		01-Apr-2005		8.100%		FL - 80.00%		360		01-Apr-2005
111124004 1			112,625.00		112,371.13		01-Apr-2005		9.990%		TN - 85.00%		360		01-Apr-2005
98792641 2			220,200.00		219,395.86		01-Mar-2005		9.990%		GA - 84.69%		360		01-Jan-2005
100612480 2			128,700.00		128,250.90		01-Mar-2005		9.550%		WY - 90.00%		360		01-Feb-2005
100786649 2			87,000.00		86,640.57		01-Mar-2005		9.400%		WI - 75.00%		360		01-Jan-2005
107149486 2			351,000.00		349,719.91		01-Mar-2005		7.650%		GA - 94.87%		360		01-Apr-2005
107704447 2			314,500.00		313,553.32		01-Mar-2005		8.600%		NV - 85.00%		360		01-Apr-2005
109152124 2			126,000.00		125,502.53		01-Mar-2005		7.250%		FL - 86.90%		360		01-Apr-2005
109348169 2			88,000.00		87,901.06		01-Apr-2005		12.150%		IL - 80.00%		360		01-May-2005
110813805 2			153,000.00		152,668.85		01-Apr-2005		9.100%		MN - 90.00%		360		01-May-2005
110919289 2			89,600.00		89,454.02		01-Mar-2005		11.500%		AL - 70.00%		360		01-Apr-2005
111298923 2			117,300.00		117,068.87		01-Apr-2005		9.550%		MI - 85.00%		360		01-May-2005
93697720 3			161,500.00		160,770.39		01-Mar-2005		8.990%		CO - 85.00%		360		01-Jan-2005
98773500 3			130,000.00		129,392.36		01-Mar-2005		8.800%		FL - 83.87%		360		01-Jan-2005
104769484 3			345,000.00		343,823.87		01-Apr-2005		8.900%		IN - 84.98%		360		01-Mar-2005
105274906 3			478,000.00		476,391.07		01-Mar-2005		8.050%		MO - 89.85%		360		01-Apr-2005
108054123 3			373,000.00		371,376.06		01-Mar-2005		6.750%		CA - 89.88%		360		01-Apr-2005
108147687 3			603,500.00		600,972.96		01-Mar-2005		6.950%		CA - 85.00%		360		01-Apr-2005
110743184 3			74,312.00		74,169.58		01-Mar-2005		10.750%		GA - 78.22%		360		01-Apr-2005
111468245 3			85,000.00		84,834.26		01-Apr-2005		9.600%		FL - 89.47%		360		01-May-2005
112376629 3			131,250.00		131,097.16		01-Apr-2005		11.990%		FL - 75.00%		360		01-May-2005


TOTAL			5,161,087.00		5,143,596.09


Page 16 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								106		68		96		270
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								106		68		96		270
Curtailments Amount								49,816.79		60,299.90		44,273.76		154,390.45
Paid in Full Balance								27,210,478.39		12,703,565.71		18,524,836.60		58,438,880.70
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								27,260,295.18		12,763,865.61		18,569,110.36		58,593,271.15

Cumulative


Number of Paid in Full Loans								272		204		230		706
Number of Repurchased Loans								13		13		10		36
Total Number of Loans Prepaid in Full								285		217		240		742
Paid in Full Balance								73,508,835.79		37,003,281.74		42,059,739.68		152,571,857.21
Repurchased Loans Balance								2,139,004.40		2,177,700.79		1,381,203.39		5,697,908.58
Curtailments Amount								180,707.89		252,087.24		179,113.59		611,908.72
Total Prepayment Amount								75,828,548.08		39,433,069.77		43,620,056.66		158,881,674.51










Page 17 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								3.60%		2.24%		3.29%		3.09%
3 Months Avg SMM								2.86%		1.93%		2.19%		2.38%
12 Months Avg SMM								2.44%		1.69%		1.90%		2.05%
Avg SMM Since Cut-off								2.44%		1.69%		1.90%		2.05%


CPR								35.56%		23.79%		33.03%		31.43%
3 Months Avg CPR								29.44%		20.86%		23.33%		25.13%
12 Months Avg CPR								25.62%		18.52%		20.56%		22.04%
Avg CPR Since Cut-off								25.62%		18.52%		20.56%		22.04%


PSA								3,361.52%		2,272.55%		3,139.83%		2,984.84%
3 Months Avg PSA Approximation								3,423.04%		2,459.01%		2,732.36%		2,940.37%
12 Months Avg PSA Approximation								3,364.41%		2,472.95%		2,725.84%		2,916.65%
Avg PSA Since Cut-off Approximation								3,364.42%		2,472.95%		2,725.84%		2,916.65%










Page 18 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

91966663 2			167,092.00		165,878.23			09-Aug-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Nov-2004


92476407 1			312,000.00		309,279.46			04-Aug-2005		6.250%		CA - 94.55%		Paid Off - 360		01-Nov-2004

92501808 3			382,500.00		380,288.45			08-Aug-2005		8.350%		CT - 90.00%		Paid Off - 360		01-Nov-2004

93609006 1			206,999.00		205,171.30			29-Jul-2005		7.150%		CO - 90.00%		Paid Off - 360		01-Nov-2004

94194206 3			138,500.00		137,788.31			29-Jul-2005		7.650%		MI - 79.14%		Paid Off - 360		01-Jan-2005

95002663 2			86,700.00		86,220.47			20-Jul-2005		9.900%		MI - 85.00%		Paid Off - 360		01-Jan-2005

97657365 2			63,750.00		63,559.79			28-Jul-2005		12.300%		NJ - 75.00%		Paid Off - 360		01-Jan-2005

97856447 3			441,000.00		439,698.06			26-Jul-2005		10.990%		MA - 70.00%		Paid Off - 360		01-Dec-2004

98324205 2			238,000.00		236,947.86			13-Jul-2005		8.400%		NY - 87.50%		Paid Off - 360		01-Jan-2005

98613284 2			140,400.00		139,760.20			27-Jul-2005		8.250%		FL - 90.00%		Paid Off - 360		01-Jan-2005

98628548 1			286,200.00		284,608.54			03-Aug-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Jan-2005

98723489 1			169,500.00		168,420.19			08-Aug-2005		6.550%		NJ - 67.88%		Paid Off - 360		01-Jan-2005

98781982 1			155,250.00		154,547.74			10-Aug-2005		7.500%		CA - 75.00%		Paid Off - 360		01-Feb-2005

99016883 3			111,600.00		110,997.44			22-Jul-2005		7.400%		FL - 90.00%		Paid Off - 360		01-Jan-2005

99191082 2			259,000.00		257,484.67			13-Jul-2005		6.990%		MN - 87.50%		Paid Off - 360		01-Jan-2005

99818403 2			194,750.00		193,844.45			30-Jul-2005		8.150%		AZ - 95.00%		Paid Off - 360		01-Jan-2005

100111962 3			65,875.00		65,635.35			01-Aug-2005		9.350%		WA - 84.78%		Paid Off - 360		01-Jan-2005

100165083 3			105,000.00		104,506.82			08-Aug-2005		8.100%		MO - 75.00%		Paid Off - 360		01-Jan-2005

100200849 1			291,000.00		289,941.36			05-Aug-2005		9.350%		GA - 83.14%		Paid Off - 360		01-Jan-2005

100205269 3			209,185.00		208,056.81			11-Jul-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Feb-2005

100206846 3			138,000.00		137,129.30			03-Aug-2005		6.600%		NV - 87.34%		Paid Off - 360		01-Jan-2005

100231828 3			390,000.00		388,885.82			29-Jul-2005		9.750%		CA - 75.00%		Paid Off - 360		01-Feb-2005

100300763 1			179,460.00		178,201.53			02-Aug-2005		6.950%		CA - 90.00%		Paid Off - 360		01-Jan-2005

100340462 1			60,750.00		60,593.79			01-Aug-2005		10.990%		KS - 74.09%		Paid Off - 360		01-Jan-2005

100352640 3			70,800.00		70,571.20			29-Jul-2005		10.200%		NY - 60.00%		Paid Off - 360		01-Jan-2005

100364363 1			216,340.00		215,101.10			05-Aug-2005		7.100%		CA - 68.42%		Paid Off - 360		01-Jan-2005

100368109 3			416,585.00		414,291.13			08-Aug-2005		7.300%		AZ - 85.00%		Paid Off - 360		01-Jan-2005

100873108 3			598,500.00		595,272.13			12-Jul-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Feb-2005

101024669 2			140,000.00		139,116.63			27-Jul-2005		6.600%		FL - 84.34%		Paid Off - 360		01-Jan-2005

101065381 2			324,000.00		322,738.84			15-Jul-2005		8.250%		AZ - 90.00%		Paid Off - 360		01-Feb-2005

101206605 2			313,000.00		310,781.60			01-Aug-2005		5.990%		MA - 83.47%		Paid Off - 360		01-Jan-2005

101242089 3			60,000.00		59,830.44			08-Aug-2005		10.550%		CT - 65.93%		Paid Off - 360		01-Jan-2005

101278224 1			161,300.00		159,346.60			01-Aug-2005		6.600%		CA - 89.96%		Paid Off - 360		01-Jan-2005

101292605 1			206,250.00		205,259.64			15-Jul-2005		7.990%		WI - 82.50%		Paid Off - 360		01-Jan-2005

101715985 3			185,000.00		184,039.89			22-Jul-2005		7.600%		CA - 81.73%		Paid Off - 360		01-Jan-2005

101747582 1			166,000.00		165,444.51			15-Jul-2005		8.990%		CA - 72.17%		Paid Off - 360		01-Feb-2005

101810687 2			297,840.00		296,308.19			14-Jul-2005		7.650%		MD - 90.00%		Paid Off - 360		01-Jan-2005



Page 20 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

101945707 3			585,000.00		582,879.30			11-Jul-2005		8.600%		CA - 90.00%		Paid Off - 360		01-Feb-2005


101969525 3			291,000.00		289,955.77			01-Aug-2005		8.650%		NY - 75.00%		Paid Off - 360		01-Feb-2005

102144060 3			440,215.00		437,602.47			15-Jul-2005		6.100%		CA - 85.00%		Paid Off - 360		01-Feb-2005

102449329 1			187,500.00		186,990.71			02-Aug-2005		9.990%		NJ - 75.00%		Paid Off - 360		01-Feb-2005

102508421 1			232,000.00		231,021.29			18-Jul-2005		7.850%		CA - 74.84%		Paid Off - 360		01-Feb-2005

102635760 1			146,250.00		145,852.79			04-Aug-2005		9.990%		GA - 75.00%		Paid Off - 360		01-Feb-2005

102855087 1			210,000.00		209,320.08			25-Jul-2005		9.150%		NJ - 75.00%		Paid Off - 360		01-Feb-2005

102862760 2			112,499.00		112,047.62			28-Jul-2005		8.100%		CT - 95.00%		Paid Off - 360		01-Feb-2005

102896560 1			113,400.00		112,902.13			21-Jul-2005		7.650%		TN - 84.00%		Paid Off - 360		01-Feb-2005

102975208 1			98,000.00		97,618.49			01-Aug-2005		8.250%		FL - 72.59%		Paid Off - 360		01-Feb-2005

102984341 3			331,000.00		329,090.86			28-Jul-2005		6.250%		RI - 84.76%		Paid Off - 360		01-Feb-2005

103094900 3			488,700.00		#######			30-Jul-2005		8.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005

103136206 1			242,250.00		241,335.26			08-Aug-2005		8.400%		CA - 85.00%		Paid Off - 360		01-Feb-2005

103163168 2			121,000.00		120,639.49			04-Aug-2005		9.550%		CT - 69.34%		Paid Off - 360		01-Feb-2005

103177820 1			220,000.00		218,974.97			02-Aug-2005		7.350%		CA - 52.38%		Paid Off - 360		01-Feb-2005

103235982 1			270,250.00		269,501.88			01-Aug-2005		9.900%		CA - 64.89%		Paid Off - 360		01-Feb-2005

103286761 3			135,000.00		134,562.90			05-Aug-2005		9.150%		NJ - 56.25%		Paid Off - 360		01-Feb-2005

103371308 1			242,250.00		240,920.30			14-Jul-2005		6.990%		WA - 95.00%		Paid Off - 360		01-Mar-2005

103519062 3			100,000.00		99,692.60			01-Aug-2005		9.400%		CA - 23.26%		Paid Off - 360		01-Feb-2005

103530986 1			135,000.00		134,445.65			27-Jul-2005		7.050%		PA - 34.18%		Paid Off - 360		01-Mar-2005

103616942 3			272,388.00		271,168.08			09-Aug-2005		7.550%		MD - 72.64%		Paid Off - 360		01-Feb-2005

103650065 3			148,500.00		147,898.13			01-Aug-2005		8.050%		ME - 90.00%		Paid Off - 360		01-Feb-2005

103681722 3			161,500.00		160,971.66			29-Jul-2005		9.100%		IL - 85.00%		Paid Off - 360		01-Feb-2005

104013289 3			137,500.00		137,107.19			02-Aug-2005		9.750%		WA - 72.37%		Paid Off - 360		01-Feb-2005

104043302 1			102,960.00		102,680.34			03-Aug-2005		9.990%		CT - 66.43%		Paid Off - 360		01-Feb-2005

104063003 3			94,250.00		93,863.38			30-Jul-2005		7.990%		CA - 65.00%		Paid Off - 360		01-Feb-2005

104165964 3			417,450.00		415,524.15			04-Aug-2005		7.400%		MD - 82.50%		Paid Off - 360		01-Feb-2005

104186507 2			144,000.00		143,649.01			18-Jul-2005		10.500%		MO - 90.00%		Paid Off - 360		01-Feb-2005

104241187 1			147,500.00		146,845.90			12-Jul-2005		7.600%		CT - 71.95%		Paid Off - 360		01-Feb-2005

104273164 2			435,000.00		433,544.34			27-Jul-2005		8.990%		NY - 78.38%		Paid Off - 360		01-Feb-2005

104462700 1			355,000.00		353,823.48			20-Jul-2005		6.990%		NY - 89.87%		Paid Off - 360		01-Apr-2005

104621107 2			100,000.00		99,695.81			25-Jul-2005		9.450%		CA - 74.96%		Paid Off - 360		01-Feb-2005

105027726 1			177,000.00		176,442.64			05-Aug-2005		7.250%		NV - 61.03%		Paid Off - 360		01-Apr-2005

105034524 2			234,000.00		233,027.78			12-Jul-2005		6.990%		RI - 90.00%		Paid Off - 360		01-Mar-2005

105304422 2			314,000.00		312,866.21			26-Jul-2005		7.700%		CA - 79.29%		Paid Off - 360		01-Mar-2005

105515464 3			133,000.00		132,490.24			01-Aug-2005		7.400%		CA - 37.47%		Paid Off - 360		01-Mar-2005

105779482 1			142,500.00		142,264.22			19-Jul-2005		8.990%		NJ - 75.00%		Paid Off - 360		01-May-2005

106014640 1			88,500.00		88,336.60			28-Jul-2005		10.100%		IL - 73.14%		Paid Off - 360		01-Apr-2005



Page 21 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

106079007 3			261,000.00		260,446.72			04-Aug-2005		9.200%		IL - 90.00%		Paid Off - 360		01-Apr-2005


106092620 3			200,000.00		199,494.95			02-Aug-2005		8.350%		NY - 38.46%		Paid Off - 360		01-Apr-2005

106124860 3			265,000.00		264,213.78			18-Jul-2005		7.550%		CA - 72.60%		Paid Off - 360		01-Apr-2005

106140544 1			106,500.00		106,328.46			18-Jul-2005		10.500%		FL - 75.00%		Paid Off - 360		01-Apr-2005

106339526 1			400,000.00		398,848.25			14-Jul-2005		7.700%		NY - 69.57%		Paid Off - 360		01-Apr-2005

106419609 1			80,000.00		79,806.28			18-Jul-2005		9.650%		OH - 47.90%		Paid Off - 360		01-Mar-2005

106551906 3			548,000.00		546,040.47			19-Jul-2005		6.600%		CA - 88.39%		Paid Off - 360		01-Apr-2005

106649288 1			89,250.00		89,083.16			25-Jul-2005		9.800%		WI - 85.00%		Paid Off - 360		01-Apr-2005

106732225 1			175,000.00		174,415.47			20-Jul-2005		6.950%		HI - 73.53%		Paid Off - 360		01-Apr-2005

106898729 3			154,500.00		154,101.65			20-Jul-2005		9.350%		NY - 19.31%		Paid Off - 360		01-Mar-2005

106952609 1			225,000.00		224,291.51			18-Jul-2005		7.250%		NJ - 79.79%		Paid Off - 360		01-Apr-2005

106974082 3			67,500.00		67,318.83			26-Jul-2005		8.050%		CA - 23.28%		Paid Off - 360		01-Apr-2005

107116923 2			306,000.00		305,083.05			11-Jul-2005		7.500%		OR - 84.30%		Paid Off - 360		01-Apr-2005

107118226 3			380,000.00		378,791.58			08-Aug-2005		7.200%		CA - 89.41%		Paid Off - 360		01-Apr-2005

107118663 1			175,000.00		174,454.37			19-Jul-2005		7.300%		NJ - 87.50%		Paid Off - 360		01-Apr-2005

107159501 3			127,500.00		127,090.50			04-Aug-2005		7.150%		NY - 71.63%		Paid Off - 360		01-Apr-2005

107183626 1			256,430.00		255,646.18			29-Jul-2005		7.400%		FL - 89.98%		Paid Off - 360		01-Apr-2005

107236507 2			117,600.00		117,184.08			10-Aug-2005		6.700%		MN - 87.11%		Paid Off - 360		01-Apr-2005

107433468 1			290,000.00		288,952.89			04-Aug-2005		6.550%		CA - 82.86%		Paid Off - 360		01-Apr-2005

107471666 3			205,000.00		204,315.25			11-Jul-2005		6.950%		NJ - 73.21%		Paid Off - 360		01-Apr-2005

107480923 2			66,100.00		65,903.26			09-Aug-2005		7.600%		FL - 88.13%		Paid Off - 360		01-Apr-2005

107484669 3			411,000.00		409,828.37			22-Jul-2005		7.750%		CA - 45.67%		Paid Off - 360		01-Apr-2005

107547549 3			195,500.00		194,851.43			04-Aug-2005		6.990%		CA - 64.74%		Paid Off - 360		01-Apr-2005

107566929 3			515,000.00		513,517.14			15-Jul-2005		7.700%		NJ - 74.64%		Paid Off - 360		01-Apr-2005

107600421 2			78,750.00		78,610.38			26-Jul-2005		10.050%		IL - 75.00%		Paid Off - 360		01-Apr-2005

107601908 1			142,500.00		142,147.40			22-Jul-2005		8.450%		ME - 75.00%		Paid Off - 360		01-Apr-2005

107662769 3			427,750.00		426,455.42			08-Aug-2005		7.450%		CA - 72.50%		Paid Off - 360		01-Apr-2005

107739906 2			70,000.00		69,771.39			18-Jul-2005		9.600%		LA - 70.00%		Paid Off - 300		01-Apr-2005

107740888 1			319,200.00		317,894.49			28-Jul-2005		5.900%		MA - 82.91%		Paid Off - 360		01-Apr-2005

107759946 1			459,000.00		457,530.24			27-Jul-2005		7.400%		HI - 85.00%		Paid Off - 360		01-Apr-2005

107804965 1			321,000.00		320,454.62			04-Aug-2005		10.250%		NY - 71.33%		Paid Off - 360		01-Apr-2005

107813388 1			189,040.00		188,462.15			01-Aug-2005		7.400%		CA - 72.71%		Paid Off - 360		01-Apr-2005

107900284 1			119,700.00		119,459.67			01-Aug-2005		9.500%		NC - 90.00%		Paid Off - 360		01-Apr-2005

107957862 3			396,000.00		395,451.70			13-Jul-2005		11.200%		CA - 80.00%		Paid Off - 360		01-Apr-2005

107973521 1			180,000.00		179,336.01			01-Aug-2005		6.990%		MD - 87.81%		Paid Off - 360		01-Apr-2005

107986663 3			145,000.00		144,491.45			02-Aug-2005		6.700%		MI - 69.05%		Paid Off - 360		01-Apr-2005

108033648 3			93,500.00		93,325.21			02-Aug-2005		9.800%		MD - 85.00%		Paid Off - 360		01-Apr-2005

108069923 1			206,000.00		205,554.15			28-Jul-2005		9.100%		PA - 74.91%		Paid Off - 360		01-Apr-2005



Page 22 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

108071440 3			463,500.00		462,580.97			02-Aug-2005		9.550%		MD - 90.00%		Paid Off - 360		01-Apr-2005


108077181 2			159,300.00		159,004.18			20-Jul-2005		9.990%		PA - 90.00%		Paid Off - 360		01-Apr-2005

108214164 3			210,000.00		209,277.70			18-Jul-2005		6.800%		MD - 80.15%		Paid Off - 360		01-Apr-2005

108290065 1			150,700.00		150,404.43			29-Jul-2005		9.600%		CA - 74.98%		Paid Off - 360		01-Apr-2005

108300641 3			320,000.00		319,216.27			27-Jul-2005		8.500%		NJ - 77.11%		Paid Off - 360		01-Apr-2005

108322900 2			132,880.00		132,519.01			27-Jul-2005		7.990%		MI - 80.00%		Paid Off - 360		01-Apr-2005

108323585 2			216,750.00		216,099.83			26-Jul-2005		7.500%		MD - 85.00%		Paid Off - 360		01-Apr-2005

108327685 1			240,870.00		239,856.78			01-Aug-2005		5.750%		MA - 93.00%		Paid Off - 360		01-Apr-2005

108428525 2			120,000.00		118,901.82			04-Aug-2005		5.990%		RI - 45.80%		Paid Off - 240		01-Apr-2005

108458225 1			172,000.00		171,453.03			10-Aug-2005		7.200%		RI - 62.32%		Paid Off - 360		01-Apr-2005

108483124 1			142,500.00		142,027.75			03-Aug-2005		6.990%		NJ - 95.00%		Paid Off - 360		01-Apr-2005

108503061 1			71,500.00		71,395.45			01-Aug-2005		10.950%		WA - 65.00%		Paid Off - 360		01-Apr-2005

108538547 1			314,500.00		313,705.83			13-Jul-2005		8.350%		NJ - 85.00%		Paid Off - 360		01-Apr-2005

108546664 3			100,748.00		100,583.98			15-Jul-2005		10.450%		IL - 76.04%		Paid Off - 360		01-Apr-2005

108553868 3			292,500.00		291,474.18			26-Jul-2005		6.700%		NY - 90.00%		Paid Off - 360		01-Apr-2005

108613225 3			490,000.00		488,426.33			02-Aug-2005		7.150%		MD - 42.21%		Paid Off - 360		01-Apr-2005

108621541 3			199,750.00		199,501.91			13-Jul-2005		10.350%		NV - 85.00%		Paid Off - 360		01-May-2005

108644568 3			242,000.00		241,464.14			30-Jul-2005		8.990%		NY - 57.62%		Paid Off - 360		01-Apr-2005

108677063 1			297,000.00		296,329.99			15-Jul-2005		8.900%		MD - 67.50%		Paid Off - 360		01-Apr-2005

108695867 1			224,250.00		223,597.81			18-Jul-2005		7.650%		WI - 86.25%		Paid Off - 360		01-Apr-2005

108791401 1			66,085.00		65,896.58			20-Jul-2005		7.750%		ME - 45.26%		Paid Off - 360		01-Apr-2005

108850348 3			150,860.00		150,412.40			30-Jul-2005		7.550%		WA - 61.33%		Paid Off - 360		01-Apr-2005

108851965 2			284,000.00		283,268.09			03-Aug-2005		8.250%		GA - 65.29%		Paid Off - 360		01-Apr-2005

108852583 1			248,000.00		246,916.88			25-Jul-2005		5.550%		CA - 75.15%		Paid Off - 360		01-Apr-2005

108971847 3			600,000.00		598,370.17			30-Jul-2005		7.990%		NY - 66.67%		Paid Off - 360		01-Apr-2005

108984386 3			114,000.00		113,728.38			27-Jul-2005		8.650%		MD - 47.11%		Paid Off - 360		01-Apr-2005

109008342 3			399,585.00		398,468.54			19-Jul-2005		7.850%		CA - 73.18%		Paid Off - 360		01-Apr-2005

109018622 3			459,000.00		457,405.84			01-Aug-2005		6.750%		CO - 71.72%		Paid Off - 360		01-Apr-2005

109035121 1			77,600.00		77,389.18			29-Jul-2005		7.990%		MO - 65.21%		Paid Off - 360		01-Apr-2005

109046300 2			105,072.00		104,126.41			18-Jul-2005		6.900%		CA - 79.00%		Paid Off - 360		01-Apr-2005

109070581 3			450,000.00		448,160.01			02-Aug-2005		5.900%		CA - 90.00%		Paid Off - 360		01-Apr-2005

109077206 3			243,069.00		242,199.81			08-Aug-2005		6.600%		FL - 79.70%		Paid Off - 360		01-Apr-2005

109152140 1			139,435.00		139,041.46			27-Jul-2005		7.800%		FL - 79.68%		Paid Off - 360		01-Apr-2005

109161844 2			114,000.00		113,681.44			21-Jul-2005		7.850%		FL - 75.00%		Paid Off - 360		01-Apr-2005

109180687 1			354,000.00		352,885.30			26-Jul-2005		7.250%		NJ - 63.21%		Paid Off - 360		01-Apr-2005

109185348 3			494,900.00		491,682.24			12-Jul-2005		5.850%		CA - 81.80%		Paid Off - 360		01-Apr-2005

109191361 1			115,000.00		114,672.16			11-Jul-2005		7.750%		IL - 82.14%		Paid Off - 360		01-Apr-2005

109202887 3			267,000.00		266,183.85			29-Jul-2005		7.400%		CA - 73.96%		Paid Off - 360		01-Apr-2005



Page 23 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

109210724 3			245,700.00		245,320.91			02-Aug-2005		10.700%		CO - 66.41%		Paid Off - 360		01-Apr-2005


109216887 2			220,000.00		219,749.98			02-Aug-2005		12.100%		CO - 80.00%		Paid Off - 360		01-Apr-2005

109223008 2			75,000.00		74,825.48			28-Jul-2005		8.750%		FL - 45.46%		Paid Off - 360		01-Apr-2005

109225086 3			511,000.00		509,190.40			30-Jul-2005		6.650%		CA - 86.91%		Paid Off - 360		01-Apr-2005

109253963 2			252,000.00		251,363.63			25-Jul-2005		8.350%		NJ - 80.00%		Paid Off - 360		01-Apr-2005

109262444 3			416,500.00		414,966.88			18-Jul-2005		6.450%		CA - 88.62%		Paid Off - 360		01-Apr-2005

109266049 3			110,000.00		108,900.49			10-Aug-2005		9.750%		IL - 66.67%		Paid Off - 180		01-Apr-2005

109294900 2			284,750.00		283,660.78			14-Jul-2005		6.250%		FL - 85.00%		Paid Off - 360		01-Apr-2005

109328823 1			278,000.00		275,048.39			04-Aug-2005		7.400%		CA - 70.92%		Paid Off - 360		01-Apr-2005

109340380 3			82,000.00		81,838.42			14-Jul-2005		9.550%		WI - 65.60%		Paid Off - 360		01-Apr-2005

109350447 2			273,500.00		272,751.03			10-Aug-2005		7.950%		CA - 53.11%		Paid Off - 360		01-Apr-2005

109375220 3			266,000.00		265,128.76			26-Jul-2005		7.050%		PA - 81.85%		Paid Off - 360		01-Apr-2005

109384743 3			94,000.00		93,737.34			09-Aug-2005		7.850%		NJ - 42.10%		Paid Off - 360		01-Apr-2005

109386144 3			295,500.00		294,697.29			29-Jul-2005		7.990%		FL - 71.21%		Paid Off - 360		01-Apr-2005

109468207 1			168,945.00		168,535.41			26-Jul-2005		8.550%		MA - 79.77%		Paid Off - 360		01-Apr-2005

109487207 1			106,250.00		105,877.36			26-Jul-2005		6.700%		FL - 85.00%		Paid Off - 360		01-Apr-2005

109549089 3			114,000.00		113,626.61			29-Jul-2005		7.050%		CA - 83.82%		Paid Off - 360		01-Apr-2005

109586180 2			331,500.00		331,088.54			30-Jul-2005		11.700%		CA - 85.00%		Paid Off - 360		01-Apr-2005

109603944 2			77,000.00		76,860.52			14-Jul-2005		10.050%		NJ - 40.53%		Paid Off - 360		01-Apr-2005

109630129 1			198,900.00		198,188.75			29-Jul-2005		6.600%		MI - 90.00%		Paid Off - 360		01-Apr-2005

109634360 1			134,935.00		134,685.40			02-Aug-2005		9.850%		GA - 84.87%		Paid Off - 360		01-Apr-2005

109639062 2			201,500.00		201,050.09			02-Aug-2005		8.950%		TN - 83.96%		Paid Off - 360		01-Apr-2005

109654863 1			374,342.00		373,186.33			03-Aug-2005		7.350%		HI - 75.63%		Paid Off - 360		01-Apr-2005

109659300 3			73,320.00		73,089.10			13-Jul-2005		7.250%		FL - 66.66%		Paid Off - 360		01-Apr-2005

109772004 3			112,200.00		111,903.75			03-Aug-2005		8.250%		WI - 85.00%		Paid Off - 360		01-Apr-2005

109778886 1			65,436.00		65,288.35			27-Jul-2005		8.900%		FL - 37.23%		Paid Off - 360		01-Apr-2005

109793646 3			113,851.00		112,520.55			09-Aug-2005		7.990%		AL - 61.88%		Paid Off - 180		01-Apr-2005

109802769 3			189,000.00		188,522.70			25-Jul-2005		8.350%		NJ - 90.00%		Paid Off - 360		01-Apr-2005

109808246 3			409,000.00		407,977.65			28-Jul-2005		8.400%		CA - 80.40%		Paid Off - 360		01-Apr-2005

109816108 3			165,000.00		164,551.76			30-Jul-2005		7.990%		FL - 65.22%		Paid Off - 360		01-Apr-2005

109838748 1			282,500.00		281,332.88			12-Jul-2005		6.500%		CA - 78.47%		Paid Off - 360		01-Apr-2005

109846105 3			266,400.00		265,447.41			13-Jul-2005		6.600%		MD - 90.00%		Paid Off - 360		01-Apr-2005

109864785 3			236,940.00		236,399.96			19-Jul-2005		8.850%		FL - 82.50%		Paid Off - 360		01-Apr-2005

109921825 1			63,750.00		63,672.57			05-Aug-2005		11.800%		FL - 75.00%		Paid Off - 360		01-Apr-2005

109925289 1			290,000.00		289,104.73			25-Jul-2005		7.350%		NY - 40.85%		Paid Off - 360		01-Apr-2005

109928200 3			307,000.00		306,104.53			20-Jul-2005		6.150%		CA - 48.08%		Paid Off - 360		01-May-2005

109928424 3			112,500.00		112,207.09			18-Jul-2005		8.200%		DE - 75.00%		Paid Off - 360		01-Apr-2005

109938704 1			195,000.00		194,555.54			29-Jul-2005		8.850%		NJ - 75.00%		Paid Off - 360		01-Apr-2005



Page 24 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

109954545 2			255,000.00		254,197.59			09-Aug-2005		6.650%		CA - 85.00%		Paid Off - 360		01-May-2005


109967349 1			144,000.00		143,625.11			03-Aug-2005		8.200%		MD - 90.00%		Paid Off - 360		01-Apr-2005

109991067 2			148,500.00		148,041.54			25-Jul-2005		7.350%		MD - 90.00%		Paid Off - 360		01-Apr-2005

110018025 3			143,000.00		142,571.49			12-Jul-2005		7.500%		MI - 86.67%		Paid Off - 360		01-Apr-2005

110024080 2			255,728.00		253,536.37			15-Jul-2005		6.150%		CA - 44.12%		Paid Off - 240		01-Apr-2005

110034667 2			132,000.00		131,718.68			20-Jul-2005		7.750%		NV - 64.71%		Paid Off - 360		01-May-2005

110059607 3			352,000.00		350,902.53			04-Aug-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Apr-2005

110072949 1			90,602.00		90,348.85			15-Jul-2005		7.850%		IL - 54.25%		Paid Off - 360		01-Apr-2005

110092061 3			157,500.00		157,277.91			02-Aug-2005		11.300%		MD - 75.00%		Paid Off - 360		01-Apr-2005

110124369 3			96,150.00		95,966.44			20-Jul-2005		9.700%		CT - 73.99%		Paid Off - 360		01-Apr-2005

110139367 2			125,000.00		124,789.30			09-Aug-2005		8.900%		MN - 77.40%		Paid Off - 360		01-May-2005

110172525 2			126,000.00		125,801.14			26-Jul-2005		10.600%		NJ - 86.90%		Paid Off - 360		01-Apr-2005

110175866 3			82,500.00		82,401.98			26-Jul-2005		11.900%		NY - 75.00%		Paid Off - 360		01-Apr-2005

110178423 1			347,000.00		345,960.18			03-Aug-2005		7.500%		SC - 82.62%		Paid Off - 360		01-Apr-2005

110196227 3			674,050.00		672,829.36			10-Aug-2005		9.950%		CA - 85.00%		Paid Off - 360		01-Apr-2005

110222627 2			171,000.00		170,541.06			10-Aug-2005		8.050%		MD - 90.00%		Paid Off - 360		01-Apr-2005

110229887 1			277,146.00		276,217.40			02-Aug-2005		7.050%		MD - 89.40%		Paid Off - 360		01-Apr-2005

110239183 1			199,000.00		198,166.36			28-Jul-2005		5.900%		MA - 88.44%		Paid Off - 360		01-Apr-2005

110256864 2			182,000.00		181,496.57			22-Jul-2005		7.900%		CA - 80.89%		Paid Off - 360		01-Apr-2005

110304805 1			101,831.00		101,612.90			29-Jul-2005		9.750%		WI - 88.55%		Paid Off - 360		01-Apr-2005

110320942 2			235,500.00		235,011.10			19-Jul-2005		9.300%		NJ - 67.29%		Paid Off - 360		01-Apr-2005

110374584 1			155,000.00		154,674.83			26-Jul-2005		9.250%		NJ - 67.46%		Paid Off - 360		01-Apr-2005

110389608 2			318,000.00		316,968.62			09-Aug-2005		7.100%		NJ - 50.48%		Paid Off - 360		01-Apr-2005

110406261 2			253,000.00		252,262.45			05-Aug-2005		7.990%		NJ - 81.61%		Paid Off - 360		01-Apr-2005

110412061 3			391,500.00		390,303.30			04-Aug-2005		7.400%		CA - 73.87%		Paid Off - 360		01-Apr-2005

110454048 1			236,150.00		235,399.03			05-Aug-2005		7.200%		MD - 90.00%		Paid Off - 360		01-Apr-2005

110456126 3			323,000.00		322,122.61			02-Aug-2005		7.990%		SC - 89.72%		Paid Off - 360		01-Apr-2005

110464666 2			148,500.00		148,154.45			25-Jul-2005		8.750%		NH - 59.40%		Paid Off - 360		01-Apr-2005

110489689 2			330,300.00		329,942.66			25-Jul-2005		10.990%		GA - 90.00%		Paid Off - 360		01-May-2005

110498003 3			338,300.00		337,749.26			08-Aug-2005		10.450%		CA - 85.00%		Paid Off - 360		01-Apr-2005

110515228 2			112,000.00		111,794.61			20-Jul-2005		9.900%		MD - 70.00%		Paid Off - 360		01-Apr-2005

110544608 3			61,121.00		61,021.63			08-Aug-2005		10.500%		GA - 63.01%		Paid Off - 360		01-Apr-2005

110562907 2			152,155.00		151,971.99			30-Jul-2005		10.500%		IL - 90.00%		Paid Off - 360		01-May-2005

110569167 1			161,100.00		160,636.15			28-Jul-2005		7.700%		PA - 90.00%		Paid Off - 360		01-Apr-2005

110594900 1			200,673.00		200,127.89			27-Jul-2005		7.990%		FL - 90.00%		Paid Off - 360		01-Apr-2005

110604485 2			184,500.00		183,936.01			03-Aug-2005		7.400%		FL - 90.00%		Paid Off - 360		01-Apr-2005

110624145 3			172,554.00		172,005.26			29-Jul-2005		7.200%		CA - 66.37%		Paid Off - 360		01-Apr-2005

110637667 2			270,000.00		269,141.39			01-Aug-2005		7.200%		NJ - 47.79%		Paid Off - 360		01-Apr-2005



Page 25 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

110655545 3			400,000.00		398,392.12			25-Jul-2005		5.990%		WI - 78.43%		Paid Off - 360		01-Apr-2005


110684222 2			160,000.00		159,764.50			05-Aug-2005		9.550%		OR - 84.21%		Paid Off - 360		01-May-2005

110782448 2			263,500.00		263,045.92			02-Aug-2005		8.800%		FL - 85.00%		Paid Off - 360		01-May-2005

110827524 2			129,750.00		129,318.85			18-Jul-2005		7.990%		WY - 75.00%		Paid Off - 360		01-Apr-2005

110869187 3			411,000.00		410,106.38			26-Jul-2005		7.650%		MD - 84.39%		Paid Off - 360		01-May-2005

110893542 2			90,000.00		89,755.49			01-Aug-2005		7.990%		ME - 75.00%		Paid Off - 360		01-Apr-2005

110966165 3			134,000.00		133,800.68			01-Aug-2005		9.500%		NJ - 67.00%		Paid Off - 360		01-May-2005

110966181 2			81,000.00		80,867.62			20-Jul-2005		9.050%		NJ - 13.39%		Paid Off - 360		01-May-2005

110983665 3			130,000.00		129,598.98			13-Jul-2005		7.400%		MD - 68.42%		Paid Off - 360		01-Apr-2005

110998101 1			242,000.00		241,207.38			14-Jul-2005		7.050%		CA - 79.34%		Paid Off - 360		01-Apr-2005

111067427 2			217,530.00		216,891.00			28-Jul-2005		7.600%		FL - 90.00%		Paid Off - 360		01-Apr-2005

111068888 2			95,400.00		95,250.45			19-Jul-2005		9.250%		NY - 90.00%		Paid Off - 360		01-May-2005

111076261 1			252,000.00		251,462.97			28-Jul-2005		7.750%		CA - 90.00%		Paid Off - 360		01-May-2005

111120960 1			85,000.00		84,785.33			08-Aug-2005		8.350%		PA - 53.13%		Paid Off - 360		01-Apr-2005

111138145 1			119,000.00		118,708.55			02-Aug-2005		8.500%		FL - 82.07%		Paid Off - 360		01-Apr-2005

111176749 1			228,000.00		227,378.28			03-Aug-2005		6.500%		MD - 62.98%		Paid Off - 360		01-May-2005

111229688 3			168,500.00		168,114.88			09-Aug-2005		7.400%		ME - 78.92%		Paid Off - 360		01-May-2005

111247466 3			100,000.00		99,635.44			29-Jul-2005		6.500%		MA - 47.96%		Paid Off - 360		01-Apr-2005

111274643 3			200,000.00		199,630.15			04-Aug-2005		8.450%		ME - 71.17%		Paid Off - 360		01-May-2005

111282927 2			310,000.00		309,370.55			29-Jul-2005		7.990%		IL - 89.34%		Paid Off - 360		01-May-2005

111418562 1			244,000.00		243,478.08			02-Aug-2005		7.750%		MD - 81.33%		Paid Off - 360		01-May-2005

111421582 2			265,500.00		264,988.58			02-Aug-2005		8.250%		MD - 90.00%		Paid Off - 360		01-May-2005

111628749 2			114,000.00		113,789.18			01-Aug-2005		8.450%		FL - 66.67%		Paid Off - 360		01-May-2005

111666541 1			177,300.00		176,933.38			01-Aug-2005		7.900%		MD - 88.65%		Paid Off - 360		01-May-2005

111852448 3			225,200.00		224,710.36			29-Jul-2005		7.650%		NH - 76.34%		Paid Off - 360		01-May-2005

111866224 2			244,000.00		243,596.31			27-Jul-2005		8.990%		MD - 87.14%		Paid Off - 360		01-May-2005

111888988 1			92,041.00		91,915.17			28-Jul-2005		9.900%		WI - 76.70%		Paid Off - 360		01-May-2005

111937306 3			94,400.00		94,261.04			14-Jul-2005		9.550%		ME - 82.09%		Paid Off - 360		01-May-2005

111948485 1			263,500.00		262,678.49			02-Aug-2005		5.800%		MD - 84.46%		Paid Off - 360		01-May-2005

112013669 1			93,600.00		93,417.86			05-Aug-2005		8.200%		MI - 76.10%		Paid Off - 360		01-May-2005

112036223 1			270,000.00		269,227.42			01-Aug-2005		6.250%		CA - 89.61%		Paid Off - 360		01-May-2005

112039748 1			175,001.00		174,612.82			03-Aug-2005		7.550%		CA - 63.64%		Paid Off - 360		01-May-2005

112086889 3			212,500.00		212,144.67			27-Jul-2005		8.950%		CA - 85.00%		Paid Off - 360		01-May-2005

112133707 1			60,000.00		59,932.35			28-Jul-2005		10.800%		IN - 82.19%		Paid Off - 360		01-May-2005

112173240 3			108,000.00		107,746.28			21-Jul-2005		7.900%		CA - 63.57%		Paid Off - 360		01-May-2005

112395322 2			76,500.00		76,394.31			25-Jul-2005		9.850%		FL - 85.00%		Paid Off - 360		01-May-2005

112414362 1			180,000.00		179,673.90			09-Aug-2005		8.550%		NJ - 69.23%		Paid Off - 360		01-May-2005

112579842 3			135,000.00		134,760.39			25-Jul-2005		8.650%		CA - 22.88%		Paid Off - 360		01-May-2005



Page 26 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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

112632542 2			127,875.00		127,613.24			30-Jul-2005		7.950%		WI - 82.50%		Paid Off - 360		01-May-2005


112707443 3			346,000.00		345,713.02			28-Jul-2005		12.200%		CA - 72.84%		Paid Off - 360		01-May-2005

113845606 3			576,900.00		575,326.91			22-Jul-2005		6.500%		MN - 90.00%		Paid Off - 360		01-May-2005

113990303 3			210,000.00		209,520.05			28-Jul-2005		7.400%		CA - 73.68%		Paid Off - 360		01-May-2005

114501802 1			170,000.00		169,749.79			14-Jul-2005		9.550%		ME - 85.00%		Paid Off - 360		01-May-2005



TOTAL			58,635,738.00		58,438,880.70



Page 27 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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 28 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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 29 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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 30 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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 31 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 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								15,112,605.63
						Delinquency Percentage								0.8237%
						Balance of Mezzanine and C Class								250,000,000.05
						Ending Pool Balance								1,834,694,082.62
						Credit Enhancement Percentage (Current Period)								13.6262%
						Credit Enhancement Percentage (Prior Period)								13.1936%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current LIBOR Rate														3.460000%
Next LIBOR Rate														0.000000%




Page 32 of 33
Ameriquest Mortgage Securities, Inc. 2005-R3

Mortgage Pass-Through Certificates

2005-R3

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT


CLASS







Page 33 of 33

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