
                                       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 June 1, 2005, providing for the
          issuance of Asset-Backed Pass-Through Certificates, Series 2005-R5)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121781-05                          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-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Ameriquest Mtg Sec Inc						1. Certificate Payment Report					2
				Ameriquest Mtg Sec Inc						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										9. Prepayment Detail Report					20
										10. Realized Loss Report					23
										11. Realized Loss Detail Report					26
				Servicer(s)						11. Realized Loss Detail Report					26
				Servicer(s)						12. Triggers and Adj. Cert. Report					27
				Ameriquest Mortgage Corp						12. Triggers and Adj. Cert. Report					27
				Ameriquest Mortgage Corp						13. Additional Certificate Report					28
										13. Additional Certificate Report					28


				Underwriter(s)
				BNP Paribas
				RBS Greenwich Capital
				Deutsche Bank Securities
				Banc of America Securities LLC

										Total Number of Pages					28
															28


				Dates						Contacts

				Cut-Off Date:			June 01, 2005			Valerie Delgado
				Close Date:			June 24, 2005			Administrator
				First Distribution Date:			July 25, 2005			(714) 247-6273
										valerie.m.delgado@db.com
										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			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							August 24, 2005
							August 24, 2005

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






Page 1 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC-III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	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	$	861,978,000.00		854,558,807.02		2,715,360.61		15,501,804.81		18,217,165.42		0.00		0.00		839,057,002.21
A-1A	FLT,STEP	$	861,978,000.00		854,558,807.02		2,715,360.61		15,501,804.81		18,217,165.42		0.00		0.00		839,057,002.21
A-1B	FLT,STEP	$	215,495,000.00		213,640,197.45		688,040.12		3,875,460.20		4,563,500.32		0.00		0.00		209,764,737.25
A-2A	FLT,STEP	$	66,082,000.00		62,517,270.53		190,573.48		2,356,691.76		2,547,265.24		0.00		0.00		60,160,578.77
A-2B	FLT,STEP	$	79,667,000.00		79,667,000.00		253,141.89		0.00		253,141.89		0.00		0.00		79,667,000.00
A-2C	FLT,STEP	$	19,528,000.00		19,528,000.00		64,236.27		0.00		64,236.27		0.00		0.00		19,528,000.00
M-1	FLT,STEP	$	48,000,000.00		48,000,000.00		160,786.67		0.00		160,786.67		0.00		0.00		48,000,000.00
M-2	MEZ,STEP,FL	$	43,500,000.00		43,500,000.00		146,836.67		0.00		146,836.67		0.00		0.00		43,500,000.00
M-3	MEZ,STEP,FL	$	29,250,000.00		29,250,000.00		99,490.63		0.00		99,490.63		0.00		0.00		29,250,000.00
M-4	MEZ,STEP,FL	$	24,000,000.00		24,000,000.00		84,526.67		0.00		84,526.67		0.00		0.00		24,000,000.00
M-5	MEZ,STEP,FL	$	23,250,000.00		23,250,000.00		82,285.63		0.00		82,285.63		0.00		0.00		23,250,000.00
M-6	MEZ,STEP,FL	$	18,750,000.00		18,750,000.00		67,166.67		0.00		67,166.67		0.00		0.00		18,750,000.00
M-7	MEZ,STEP,FL	$	15,000,000.00		15,000,000.00		60,450.00		0.00		60,450.00		0.00		0.00		15,000,000.00
M-8	MEZ,STEP,FL	$	14,250,000.00		14,250,000.00		59,022.71		0.00		59,022.71		0.00		0.00		14,250,000.00
M-9	MEZ,STEP,FL	$	8,250,000.00		8,250,000.00		37,012.71		0.00		37,012.71		0.00		0.00		8,250,000.00
M-10	MEZ,STEP,FL	$	8,250,000.00		8,250,000.00		45,892.92		0.00		45,892.92		0.00		0.00		8,250,000.00
M-11	MEZ,STEP,FL	$	11,250,000.00		11,250,000.00		62,581.25		0.00		62,581.25		0.00		0.00		11,250,000.00
CE	SUB	$	13,500,202.10		13,500,002.72		4,058,421.18		0.00		4,058,421.18		0.00		0.00		13,500,002.72
P	SUB	$	100.00		100.00		224,371.81		0.00		224,371.81		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			1,500,000,302.10		1,487,161,377.72		9,100,197.89		21,733,956.77		30,834,154.66		0.00		0.00		1,465,427,420.95
Total





Page 2 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
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		03072SD51		861,978,000.00		991.392828		3.150151		17.983991		21.134142	973.408837
A-1B	07/25/05		08/24/05		A-Act/360		03072SD69		215,495,000.00		991.392828		3.192836		17.983991		21.176827	973.408837
A-2A	07/25/05		08/24/05		A-Act/360		03072SD77		66,082,000.00		946.055969		2.883894		35.663142		38.547036	910.392827
A-2B	07/25/05		08/24/05		A-Act/360		03072SD85		79,667,000.00		1,000.000000		3.177500		0.000000		3.177500	1,000.000000
A-2C	07/25/05		08/24/05		A-Act/360		03072SD93		19,528,000.00		1,000.000000		3.289444		0.000000		3.289444	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		03072SE27		48,000,000.00		1,000.000000		3.349722		0.000000		3.349722	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		03072SE35		43,500,000.00		1,000.000000		3.375556		0.000000		3.375556	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		03072SE43		29,250,000.00		1,000.000000		3.401389		0.000000		3.401389	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		03072SE50		24,000,000.00		1,000.000000		3.521945		0.000000		3.521945	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		03072SE68		23,250,000.00		1,000.000000		3.539167		0.000000		3.539167	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		03072SE76		18,750,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		03072SE84		15,000,000.00		1,000.000000		4.030000		0.000000		4.030000	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		03072SE92		14,250,000.00		1,000.000000		4.141945		0.000000		4.141945	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		03072SF26		8,250,000.00		1,000.000000		4.486389		0.000000		4.486389	1,000.000000
M-10	07/25/05		08/24/05		A-Act/360		03072SF34		8,250,000.00		1,000.000000		5.562778		0.000000		5.562778	1,000.000000
M-11	07/25/05		08/24/05		A-Act/360		03072SF42		11,250,000.00		1,000.000000		5.562778		0.000000		5.562778	1,000.000000
CE	07/01/05		07/30/05		F-30/360				1,513,500,504.20		8.919721		2.681480		0.000000		2.681480	8.919721
P	07/01/05		07/30/05		F-30/360		03072SF59		100.00		1,000.000000		2,243,718.100000		0.000000		2,243,718.100000	1,000.000000
R	07/01/05		07/30/05		F-30/360		03072SF67		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

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	861,978,000.00		5,335,534.29		21,592,011.66		1,328,986.13		22,920,997.79		28,256,532.08		0.00		0.00		839,057,002.21
A-1B	215,495,000.00		1,352,363.32		5,398,015.44		332,247.30		5,730,262.75		7,082,626.07		0.00		0.00		209,764,737.25
A-2A	66,082,000.00		382,908.81		5,523,509.39		397,911.84		5,921,421.23		6,304,330.04		0.00		0.00		60,160,578.77
A-2B	79,667,000.00		495,307.44		0.00		0.00		0.00		495,307.44		0.00		0.00		79,667,000.00
A-2C	19,528,000.00		125,782.02		0.00		0.00		0.00		125,782.02		0.00		0.00		19,528,000.00
M-1	48,000,000.00		314,960.00		0.00		0.00		0.00		314,960.00		0.00		0.00		48,000,000.00
M-2	43,500,000.00		287,680.00		0.00		0.00		0.00		287,680.00		0.00		0.00		43,500,000.00
M-3	29,250,000.00		194,951.26		0.00		0.00		0.00		194,951.26		0.00		0.00		29,250,000.00
M-4	24,000,000.00		165,746.67		0.00		0.00		0.00		165,746.67		0.00		0.00		24,000,000.00
M-5	23,250,000.00		161,367.92		0.00		0.00		0.00		161,367.92		0.00		0.00		23,250,000.00
M-6	18,750,000.00		131,750.00		0.00		0.00		0.00		131,750.00		0.00		0.00		18,750,000.00
M-7	15,000,000.00		118,833.33		0.00		0.00		0.00		118,833.33		0.00		0.00		15,000,000.00
M-8	14,250,000.00		116,082.09		0.00		0.00		0.00		116,082.09		0.00		0.00		14,250,000.00
M-9	8,250,000.00		72,888.75		0.00		0.00		0.00		72,888.75		0.00		0.00		8,250,000.00
M-10	8,250,000.00		90,649.17		0.00		0.00		0.00		90,649.17		0.00		0.00		8,250,000.00
M-11	11,250,000.00		123,612.50		0.00		0.00		0.00		123,612.50		0.00		0.00		11,250,000.00
CE	13,500,202.10		7,994,332.84		183.35		16.03		199.38		7,994,532.22		0.00		0.00		13,500,002.72
P	100.00		294,936.12		0.00		0.00		0.00		294,936.12		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	1,500,000,302.10		17,759,686.53		32,513,719.84		2,059,161.30		34,572,881.15		52,332,567.68		0.00		0.00		1,465,427,420.95



Page 4 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

Interest Detail - REMIC-III
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	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	3.69000%		854,558,807.02		2,715,360.61		0.00		0.00		0.00		2,715,360.61		2,715,360.61		0.00
A-1B	3.74000%		213,640,197.45		688,040.12		0.00		0.00		0.00		688,040.12		688,040.12		0.00
A-2A	3.54000%		62,517,270.53		190,573.48		0.00		0.00		0.00		190,573.48		190,573.48		0.00
A-2B	3.69000%		79,667,000.00		253,141.89		0.00		0.00		0.00		253,141.89		253,141.89		0.00
A-2C	3.82000%		19,528,000.00		64,236.27		0.00		0.00		0.00		64,236.27		64,236.27		0.00
M-1	3.89000%		48,000,000.00		160,786.67		0.00		0.00		0.00		160,786.67		160,786.67		0.00
M-2	3.92000%		43,500,000.00		146,836.67		0.00		0.00		0.00		146,836.67		146,836.67		0.00
M-3	3.95000%		29,250,000.00		99,490.63		0.00		0.00		0.00		99,490.63		99,490.63		0.00
M-4	4.09000%		24,000,000.00		84,526.67		0.00		0.00		0.00		84,526.67		84,526.67		0.00
M-5	4.11000%		23,250,000.00		82,285.63		0.00		0.00		0.00		82,285.63		82,285.63		0.00
M-6	4.16000%		18,750,000.00		67,166.67		0.00		0.00		0.00		67,166.67		67,166.67		0.00
M-7	4.68000%		15,000,000.00		60,450.00		0.00		0.00		0.00		60,450.00		60,450.00		0.00
M-8	4.81000%		14,250,000.00		59,022.71		0.00		0.00		0.00		59,022.71		59,022.71		0.00
M-9	5.21000%		8,250,000.00		37,012.71		0.00		0.00		0.00		37,012.71		37,012.71		0.00
M-10	6.46000%		8,250,000.00		45,892.92		0.00		0.00		0.00		45,892.92		45,892.92		0.00
M-11	6.46000%		11,250,000.00		62,581.25		0.00		0.00		0.00		62,581.25		62,581.25		0.00
CE	360.74848%		13,500,002.72		0.00		0.00		0.00		0.00		0.00		4,058,421.18		0.00
P	2,692,461.72000%		100.00		0.00		0.00		0.00		0.00		0.00		224,371.81		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,487,161,377.72		4,817,404.90		0.00		0.00		0.00		4,817,404.90		9,100,197.89		0.00



Page 5 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										2,356,691.76		19,377,265.01		21,733,956.77
Principal Withdrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										2,356,691.76		19,377,265.01		21,733,956.77
Interest Collections										1,149,388.66		8,325,236.64		9,474,625.30
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Fees										-37,833.85		-27,519.21		-146,988.20
Interest Other Accounts										0.00		0.00		224,371.81
TOTAL NET INTEREST										1,111,554.80		8,297,717.43		9,552,008.91
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										3,468,246.56		27,674,982.44		30,834,154.66



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											124,779.27		902,393.60		1,027,172.87
Curtailments											7,214.29		105,629.48		#######
Prepayments In Full											2,224,698.20		17,659,609.06		19,884,307.26
Repurchased/Substitutions											0.00		709,632.87		709,632.87
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-98,965.97		-674,710.60		-773,676.57
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											98,965.97		674,710.60		773,676.57
TOTAL PRINCIPAL COLLECTED											2,356,691.76		19,377,265.01		21,733,956.77


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 6 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

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Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,214,084.62		8,729,895.03		9,943,979.65
Repurchased/Substitution Interest										0.00		5,043.05		5,043.05
Liquidation Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-0.00		-29,986.02		-29,986.02
Delinquent Interest										-966,054.65		-6,697,785.37		-7,663,840.02
Compensating Interest										0.00		29,986.02		29,986.02
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										901,358.70		6,288,083.93		7,189,442.63
TOTAL INTEREST COLLECTED										1,149,388.66		8,325,236.64		9,474,625.30


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														224,371.81
Net WAC Investment Income
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		224,371.81



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										81,635.14		63,618.04		145,253.18
Trustee Fees										228.58		1,506.44		1,735.02
SWAP (INFLOW) / OUTFLOW														451,811.02
TOTAL INTEREST FEES										37,833.85		27,519.21		146,988.20




Page 7 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

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Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
										Group 2		Group 1		Total
Net WAC Reserve Account Balance



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralized Amount														13,500,002.72
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														13,500,002.72





Page 8 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

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Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										468		8,900		9,368
Prior										460		8,852		9,312
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-5		-102		-107
Repurchases										-0		-4		-4
Liquidations										-0		-0		-0
Current										455		8,746		9,201
Principal Balance:


Original										199,489,111.90		1,300,511,190.20		1,500,000,302.10
Prior										195,924,327.07		1,291,237,050.65		1,487,161,377.72
Prefunding										0.00		0.00		0.00
Scheduled Principal										-124,779.27		-902,393.60		-1,027,172.87
Partial Prepayments										-7,214.29		-105,629.48		-112,843.77
Full Voluntary Prepayments										-2,224,698.20		-17,659,609.06		-19,884,307.26
Repurchases										-0.00		-709,632.87		-709,632.87
Liquidations										-0.00		-0.00		-0.00
Current										193,567,635.31		1,271,859,785.64		1,465,427,420.95





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 28
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Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.46360%		8.12134%		8.03387%
Weighted Average Coupon Prior										7.46360%		8.12134%		8.03387%
Weighted Average Coupon Current										7.43604%		8.11774%		8.02793%
Weighted Average Months to Maturity Original										356		351		352
Weighted Average Months to Maturity Prior										356		351		352
Weighted Average Months to Maturity Current										355		350		351
Weighted Avg Remaining Amortization Term Original										356		351		352
Weighted Avg Remaining Amortization Term Prior										356		351		352
Weighted Avg Remaining Amortization Term Current										355		350		351
Weighted Average Seasoning Original										1.78		1.86		1.85
Weighted Average Seasoning Prior										1.78		1.86		1.85
Weighted Average Seasoning Current										2.78		2.85		2.84









Page 10 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.77391%		5.92637%		5.90785%
Weighted Average Margin Prior										5.77391%		5.92637%		5.90785%
Weighted Average Margin Current										5.76754%		5.92704%		5.90794%
Weighted Average Max Rate Original										13.74253%		14.30095%		14.23313%
Weighted Average Max Rate Prior										13.74253%		14.30095%		14.23313%
Weighted Average Max Rate Current										13.71106%		14.29770%		14.22746%
Weighted Average Min Rate Original										7.74253%		8.30095%		8.23313%
Weighted Average Min Rate Prior										7.74253%		8.30095%		8.23313%
Weighted Average Min Rate Current										7.71106%		8.29770%		8.22746%
Weighted Average Cap Up Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Original										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior										1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current										1.00000%		1.00000%		1.00000%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										81,635.14		63,618.04		145,253.18
Delinquent Servicing Fees										64,695.96		409,701.44		474,397.40
TOTAL SERVICING FEES										81,635.14		538,015.46		619,650.60


Total Servicing Fees										81,635.14		538,015.46		619,650.60
Compensating Interest										-0.00		-29,986.02		-29,986.02
Delinquent Servicing Fees										-64,695.96		-409,701.44		-474,397.40
COLLECTED SERVICING FEES										16,939.18		98,328.00		115,267.18


Total Advanced Interest										901,358.70		6,288,083.93		7,189,442.63
Total Advanced Principal										98,965.97		674,710.60		773,676.57
Aggregate Advances with respect to this Distribution										1,000,324.67		6,962,794.52		7,963,119.19





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										0.00		29,986.02		29,986.02
Compensating Interest										-0.00		-29,986.02		-29,986.02
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Ending Pool Stated Principal Balance										193,567,635.31		1,271,859,785.64		1,465,427,420.95
Weighted Average Net Mortgage Rate										6.808066%		7.711412%		7.707577%




Page 11 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,411,912.22		0.00		0.00		3,411,912.22
			% Balance				0.23%		0.00%		0.00%		0.23%
			# Loans				22		0		0		22
			% # Loans				0.24%		0.00%		0.00%		0.24%
	FORECLOSURE		Balance		0.00		987,052.21		0.00		0.00		987,052.21
			% Balance		0.00%		0.07%		0.00%		0.00%		0.07%
			# Loans		0		9		0		0		9
			% # Loans		0.00%		0.10%		0.00%		0.00%		0.10%
	BANKRUPTCY		Balance		488,329.91		0.00		0.00		0.00		488,329.91
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		5		0		0		0		5
			% # Loans		0.05%		0.00%		0.00%		0.00%		0.05%
	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		488,329.91		4,398,964.43		0.00		0.00		4,887,294.34
			% Balance		0.03%		0.30%		0.00%		0.00%		0.33%
			# Loans		5		31		0		0		36
			% # Loans		0.05%		0.34%		0.00%		0.00%		0.39%









Page 12 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

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Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,411,912.22		0.00		0.00		3,411,912.22
			% Balance				0.27%		0.00%		0.00%		0.27%
			# Loans				22		0		0		22
			% # Loans				0.25%		0.00%		0.00%		0.25%
	FORECLOSURE		Balance		0.00		987,052.21		0.00		0.00		987,052.21
			% Balance		0.00%		0.08%		0.00%		0.00%		0.08%
			# Loans		0		9		0		0		9
			% # Loans		0.00%		0.10%		0.00%		0.00%		0.10%
	BANKRUPTCY		Balance		488,329.91		0.00		0.00		0.00		488,329.91
			% Balance		0.04%		0.00%		0.00%		0.00%		0.04%
			# Loans		5		0		0		0		5
			% # Loans		0.06%		0.00%		0.00%		0.00%		0.06%
	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		488,329.91		4,398,964.43		0.00		0.00		4,887,294.34
			% Balance		0.04%		0.35%		0.00%		0.00%		0.38%
			# Loans		5		31		0		0		36
			% # Loans		0.06%		0.35%		0.00%		0.00%		0.41%










Page 13 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		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%
	BANKRUPTCY		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%
	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		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%









Page 14 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

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 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

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
111885406 1
111885406 1			108,000.00		107,856.96		01-May-2005		10.050%		OR - 80.00%		360		01-Jun-2005

114414964 1			99,000.00		98,857.31		01-May-2005		9.650%		TN - 90.00%		360		01-Jun-2005
115302762 1			132,000.00		131,657.13		01-May-2005		6.750%		OK - 82.50%		360		01-Jun-2005
115507709 1			71,000.00		70,879.07		01-May-2005		8.850%		TN - 83.53%		360		01-Jun-2005
115728941 1			259,000.00		258,431.19		01-May-2005		7.600%		CA - 64.75%		360		01-Jun-2005
115733669 1			60,000.00		59,922.21		01-May-2005		10.150%		IL - 70.59%		360		01-Jun-2005
115838963 1			110,500.00		110,403.97		01-May-2005		11.990%		FL - 65.00%		360		01-Jun-2005
116092461 1			63,750.00		63,659.06		01-May-2005		9.700%		MI - 75.00%		360		01-Jun-2005
116546383 1			85,500.00		85,385.31		01-May-2005		9.990%		LA - 74.35%		360		01-Jun-2005


TOTAL			988,750.00		987,052.21


Page 16 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										5		102		107
Number of Repurchased Loans										0		4		4
Total Number of Loans Prepaid in Full										5		106		111
Curtailments Amount										7,214.29		105,629.48		112,843.77
Paid in Full Balance										2,224,698.20		17,659,609.06		19,884,307.26
Repurchased Loans Balance										0.00		709,632.87		709,632.87
Total Prepayment Amount										2,231,912.49		18,474,871.41		20,706,783.90

Cumulative


Number of Paid in Full Loans										13		145		158
Number of Repurchased Loans										0		9		9
Total Number of Loans Prepaid in Full										13		154		167
Paid in Full Balance										5,652,911.38		24,974,528.10		30,627,439.48
Repurchased Loans Balance										0.00		1,591,464.60		1,591,464.60
Curtailments Amount										18,425.17		276,390.60		294,815.77
Total Prepayment Amount										5,671,336.55		26,842,383.30		32,513,719.85










Page 17 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.14%		1.43%		1.39%
3 Months Avg SMM										1.43%		1.04%		1.09%
12 Months Avg SMM										1.43%		1.04%		1.09%
Avg SMM Since Cut-off										1.43%		1.04%		1.09%


CPR										12.85%		15.89%		15.50%
3 Months Avg CPR										15.90%		11.78%		12.33%
12 Months Avg CPR										15.90%		11.78%		12.33%
Avg CPR Since Cut-off										15.90%		11.78%		12.33%


PSA										2,313.91%		2,785.79%		2,726.06%
3 Months Avg PSA Approximation										3,493.08%		2,501.01%		2,631.10%
12 Months Avg PSA Approximation										3,493.08%		2,501.01%		2,631.10%
Avg PSA Since Cut-off Approximation										3,493.08%		2,501.01%		2,631.10%










Page 18 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

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 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

106590201 1			240,000.00		239,133.41			12-Jul-2005		7.700%		CA - 74.84%		Paid Off - 360		01-Mar-2005
			240,000.00

106766124 1			100,000.00		99,659.30			18-Jul-2005		7.990%		FL - 52.63%		Paid Off - 360		01-Mar-2005
106766124 1					99,659.30			18-Jul-2005		7.990%		FL - 52.63%		Paid Off - 360		01-Mar-2005
108786583 1			246,866.00		246,303.33			04-Aug-2005		8.850%		GA - 77.15%		Paid Off - 360		01-Apr-2005
108786583 1					246,303.33			04-Aug-2005		8.850%		GA - 77.15%		Paid Off - 360		01-Apr-2005
108817180 1			310,420.00		309,768.80			01-Aug-2005		9.250%		CA - 85.00%		Paid Off - 360		01-Apr-2005
108817180 1					309,768.80			01-Aug-2005		9.250%		CA - 85.00%		Paid Off - 360		01-Apr-2005
108936485 1			135,012.00		134,599.29			26-Jul-2005		7.400%		FL - 79.42%		Paid Off - 360		01-Apr-2005
108936485 1					134,599.29			26-Jul-2005		7.400%		FL - 79.42%		Paid Off - 360		01-Apr-2005
108975129 1			275,625.00		274,731.07			12-Jul-2005		7.100%		CA - 87.50%		Paid Off - 360		01-Apr-2005
108975129 1					274,731.07			12-Jul-2005		7.100%		CA - 87.50%		Paid Off - 360		01-Apr-2005
109958421 1			250,000.00		249,131.71			04-Aug-2005		6.750%		CA - 64.41%		Paid Off - 360		01-Apr-2005
109958421 1					249,131.71			04-Aug-2005		6.750%		CA - 64.41%		Paid Off - 360		01-Apr-2005
110120243 1			235,581.00		235,191.22			22-Jul-2005		8.990%		FL - 74.79%		Paid Off - 360		01-May-2005
110120243 1					235,191.22			22-Jul-2005		8.990%		FL - 74.79%		Paid Off - 360		01-May-2005
110572120 1			232,000.00		231,732.73			13-Jul-2005		10.700%		NJ - 72.50%		Paid Off - 360		01-May-2005
110572120 1					231,732.73			13-Jul-2005		10.700%		NJ - 72.50%		Paid Off - 360		01-May-2005
111210662 1			60,500.00		60,449.57			09-Aug-2005		10.300%		GA - 48.59%		Paid Off - 360		01-Jun-2005
111210662 1					60,449.57			09-Aug-2005		10.300%		GA - 48.59%		Paid Off - 360		01-Jun-2005
111553962 1			300,000.00		298,651.24			02-Aug-2005		6.990%		MD - 75.95%		Paid Off - 360		01-May-2005
111553962 1					298,651.24			02-Aug-2005		6.990%		MD - 75.95%		Paid Off - 360		01-May-2005
111676847 1			156,000.00		155,824.13			02-Aug-2005		10.800%		MN - 75.00%		Paid Off - 360		01-May-2005
111676847 1					155,824.13			02-Aug-2005		10.800%		MN - 75.00%		Paid Off - 360		01-May-2005
111730081 1			157,500.00		157,199.70			13-Jul-2005		8.300%		FL - 73.26%		Paid Off - 360		01-May-2005
111730081 1					157,199.70			13-Jul-2005		8.300%		FL - 73.26%		Paid Off - 360		01-May-2005
111784260 1			236,000.00		235,471.26			26-Jul-2005		7.500%		FL - 65.56%		Paid Off - 360		01-May-2005
111784260 1					235,471.26			26-Jul-2005		7.500%		FL - 65.56%		Paid Off - 360		01-May-2005
112000682 1			282,000.00		281,281.63			14-Jul-2005		6.850%		MD - 86.77%		Paid Off - 360		01-May-2005
112000682 1					281,281.63			14-Jul-2005		6.850%		MD - 86.77%		Paid Off - 360		01-May-2005
112011606 1			184,000.00		183,575.28			26-Jul-2005		7.350%		MN - 87.62%		Paid Off - 360		01-May-2005
112011606 1					183,575.28			26-Jul-2005		7.350%		MN - 87.62%		Paid Off - 360		01-May-2005
112095161 1			139,000.00		138,745.59			30-Jul-2005		8.500%		FL - 79.43%		Paid Off - 360		01-May-2005
112095161 1					138,745.59			30-Jul-2005		8.500%		FL - 79.43%		Paid Off - 360		01-May-2005
112517909 1			60,000.00		59,917.09			01-Aug-2005		9.850%		UT - 42.86%		Paid Off - 360		01-May-2005
112517909 1					59,917.09			01-Aug-2005		9.850%		UT - 42.86%		Paid Off - 360		01-May-2005
112673629 1			186,000.00		185,663.03			20-Jul-2005		8.550%		MD - 77.21%		Paid Off - 360		01-May-2005
112673629 1					185,663.03			20-Jul-2005		8.550%		MD - 77.21%		Paid Off - 360		01-May-2005
112864087 1			212,000.00		211,525.03			12-Jul-2005		7.500%		CA - 69.90%		Paid Off - 360		01-May-2005
112864087 1					211,525.03			12-Jul-2005		7.500%		CA - 69.90%		Paid Off - 360		01-May-2005
112902341 1			244,000.00		242,701.83			13-Jul-2005		7.700%		NJ - 80.00%		Paid Off - 240		01-May-2005
112902341 1					242,701.83			13-Jul-2005		7.700%		NJ - 80.00%		Paid Off - 240		01-May-2005
112912480 1			162,000.00		161,622.32			25-Jul-2005		7.300%		FL - 90.00%		Paid Off - 360		01-May-2005
112912480 1					161,622.32			25-Jul-2005		7.300%		FL - 90.00%		Paid Off - 360		01-May-2005
113232169 1			272,000.00		271,823.36			11-Jul-2005		11.450%		CA - 80.00%		Paid Off - 360		01-Jun-2005
113232169 1					271,823.36			11-Jul-2005		11.450%		CA - 80.00%		Paid Off - 360		01-Jun-2005
113817886 1			71,700.00		71,619.22			01-Aug-2005		8.950%		FL - 43.72%		Paid Off - 360		01-Jun-2005
113817886 1					71,619.22			01-Aug-2005		8.950%		FL - 43.72%		Paid Off - 360		01-Jun-2005
114548142 1			231,875.00		231,492.99			08-Aug-2005		6.990%		CA - 87.50%		Paid Off - 360		01-Jun-2005
114548142 1					231,492.99			08-Aug-2005		6.990%		CA - 87.50%		Paid Off - 360		01-Jun-2005
114842305 1			62,000.00		61,926.14			10-Aug-2005		8.600%		NV - 25.31%		Paid Off - 360		01-Jun-2005
114842305 1					61,926.14			10-Aug-2005		8.600%		NV - 25.31%		Paid Off - 360		01-Jun-2005
114873284 1			97,750.00		97,642.58			01-Aug-2005		8.990%		MI - 85.00%		Paid Off - 360		01-Jun-2005
114873284 1					97,642.58			01-Aug-2005		8.990%		MI - 85.00%		Paid Off - 360		01-Jun-2005
114985286 1			99,900.00		99,788.14			20-Jul-2005		8.900%		SC - 87.63%		Paid Off - 360		01-Jun-2005
114985286 1					99,788.14			20-Jul-2005		8.900%		SC - 87.63%		Paid Off - 360		01-Jun-2005
115086985 1			167,875.00		167,517.24			20-Jul-2005		7.750%		CA - 84.87%		Paid Off - 360		01-May-2005
115086985 1					167,517.24			20-Jul-2005		7.750%		CA - 84.87%		Paid Off - 360		01-May-2005
115142267 2			423,000.00		422,756.18			03-Aug-2005		11.990%		CA - 90.00%		Paid Off - 360		01-Jun-2005
115142267 2					422,756.18			03-Aug-2005		11.990%		CA - 90.00%		Paid Off - 360		01-Jun-2005
115163644 1			245,000.00		244,560.10			04-Aug-2005		6.550%		CA - 69.52%		Paid Off - 360		01-Jun-2005
115163644 1					244,560.10			04-Aug-2005		6.550%		CA - 69.52%		Paid Off - 360		01-Jun-2005
115194201 1			125,500.00		125,344.24			02-Aug-2005		8.400%		MD - 60.34%		Paid Off - 360		01-Jun-2005
115194201 1					125,344.24			02-Aug-2005		8.400%		MD - 60.34%		Paid Off - 360		01-Jun-2005
115285447 1			146,250.00		146,081.10			01-Aug-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Jun-2005
115285447 1					146,081.10			01-Aug-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Jun-2005
115338642 1			68,949.00		68,826.80			30-Jul-2005		7.990%		MO - 82.97%		Paid Off - 360		01-Jun-2005
115338642 1					68,826.80			30-Jul-2005		7.990%		MO - 82.97%		Paid Off - 360		01-Jun-2005
115349201 1			135,900.00		135,726.07			25-Jul-2005		8.250%		MN - 90.00%		Paid Off - 360		01-Jun-2005
115349201 1					135,726.07			25-Jul-2005		8.250%		MN - 90.00%		Paid Off - 360		01-Jun-2005
115355661 1			97,500.00		97,338.11			27-Jul-2005		6.950%		WI - 72.22%		Paid Off - 360		01-Jun-2005
115355661 1					97,338.11			27-Jul-2005		6.950%		WI - 72.22%		Paid Off - 360		01-Jun-2005
115444440 1			176,000.00		175,724.55			27-Jul-2005		7.250%		RI - 57.86%		Paid Off - 360		01-Jun-2005
115444440 1					175,724.55					7.250%		RI - 57.86%		Paid Off - 360


Page 20 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

115519282 1			333,000.00		332,595.09			20-Jul-2005		8.500%		NY - 43.25%		Paid Off - 360		01-Jun-2005
			333,000.00

115548265 1			143,325.00		143,084.67			08-Aug-2005		6.900%		CA - 49.00%		Paid Off - 360		01-Jun-2005
115548265 1					143,084.67			08-Aug-2005		6.900%		CA - 49.00%		Paid Off - 360		01-Jun-2005
115566960 1			297,000.00		296,596.04			09-Aug-2005		7.950%		CA - 90.00%		Paid Off - 360		01-Jun-2005
115566960 1					296,596.04			09-Aug-2005		7.950%		CA - 90.00%		Paid Off - 360		01-Jun-2005
115707523 1			157,348.00		157,205.19			13-Jul-2005		9.900%		WI - 74.93%		Paid Off - 360		01-Jun-2005
115707523 1					157,205.19			13-Jul-2005		9.900%		WI - 74.93%		Paid Off - 360		01-Jun-2005
115714420 1			173,000.00		172,734.58			05-Aug-2005		7.350%		WI - 72.08%		Paid Off - 360		01-Jun-2005
115714420 1					172,734.58			05-Aug-2005		7.350%		WI - 72.08%		Paid Off - 360		01-Jun-2005
115734345 1			75,000.00		74,933.22			25-Jul-2005		9.990%		FL - 60.00%		Paid Off - 360		01-Jun-2005
115734345 1					74,933.22			25-Jul-2005		9.990%		FL - 60.00%		Paid Off - 360		01-Jun-2005
115744880 1			178,000.00		177,838.46			29-Jul-2005		9.900%		MD - 84.76%		Paid Off - 360		01-Jun-2005
115744880 1					177,838.46			29-Jul-2005		9.900%		MD - 84.76%		Paid Off - 360		01-Jun-2005
115765604 1			198,000.00		197,730.69			25-Jul-2005		7.950%		WA - 90.00%		Paid Off - 360		01-Jun-2005
115765604 1					197,730.69			25-Jul-2005		7.950%		WA - 90.00%		Paid Off - 360		01-Jun-2005
115903023 1			82,500.00		81,957.27			26-Jul-2005		6.550%		RI - 37.81%		Paid Off - 180		01-Jun-2005
115903023 1					81,957.27			26-Jul-2005		6.550%		RI - 37.81%		Paid Off - 180		01-Jun-2005
115944746 1			93,500.00		93,419.53			04-Aug-2005		10.150%		MD - 85.00%		Paid Off - 360		01-Jun-2005
115944746 1					93,419.53			04-Aug-2005		10.150%		MD - 85.00%		Paid Off - 360		01-Jun-2005
116120361 1			136,048.00		135,912.21			15-Jul-2005		9.450%		SC - 73.54%		Paid Off - 360		01-Jun-2005
116120361 1					135,912.21			15-Jul-2005		9.450%		SC - 73.54%		Paid Off - 360		01-Jun-2005
116147760 1			328,000.00		327,501.79			09-Aug-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Jun-2005
116147760 1					327,501.79			09-Aug-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Jun-2005
116196007 1			118,500.00		117,627.52			13-Jul-2005		7.400%		CA - 77.45%		Paid Off - 360		01-Jun-2005
116196007 1					117,627.52			13-Jul-2005		7.400%		CA - 77.45%		Paid Off - 360		01-Jun-2005
116237900 1			65,558.00		65,505.65			13-Jul-2005		10.500%		IL - 45.85%		Paid Off - 360		01-Jun-2005
116237900 1					65,505.65			13-Jul-2005		10.500%		IL - 45.85%		Paid Off - 360		01-Jun-2005
116340043 1			153,000.00		152,747.94			13-Jul-2005		6.990%		MN - 61.72%		Paid Off - 360		01-Jun-2005
116340043 1					152,747.94			13-Jul-2005		6.990%		MN - 61.72%		Paid Off - 360		01-Jun-2005
116400722 1			242,000.00		241,639.68			26-Jul-2005		7.500%		MD - 84.49%		Paid Off - 360		01-Jun-2005
116400722 1					241,639.68			26-Jul-2005		7.500%		MD - 84.49%		Paid Off - 360		01-Jun-2005
116415225 1			93,000.00		92,933.18			10-Aug-2005		10.990%		NJ - 60.00%		Paid Off - 360		01-Jun-2005
116415225 1					92,933.18			10-Aug-2005		10.990%		NJ - 60.00%		Paid Off - 360		01-Jun-2005
116510942 1			177,300.00		177,192.58			20-Jul-2005		8.500%		NH - 90.00%		Paid Off - 360		01-Jul-2005
116510942 1					177,192.58			20-Jul-2005		8.500%		NH - 90.00%		Paid Off - 360		01-Jul-2005
116539263 1			163,200.00		163,059.57			04-Aug-2005		10.150%		MD - 85.00%		Paid Off - 360		01-Jun-2005
116539263 1					163,059.57			04-Aug-2005		10.150%		MD - 85.00%		Paid Off - 360		01-Jun-2005
116704602 1			113,750.00		113,562.60			08-Aug-2005		6.990%		NY - 87.50%		Paid Off - 360		01-Jun-2005
116704602 1					113,562.60			08-Aug-2005		6.990%		NY - 87.50%		Paid Off - 360		01-Jun-2005
116705849 1			299,000.00		298,748.15			21-Jul-2005		10.250%		CA - 89.79%		Paid Off - 360		01-Jun-2005
116705849 1					298,748.15			21-Jul-2005		10.250%		CA - 89.79%		Paid Off - 360		01-Jun-2005
116830902 1			90,026.00		89,931.30			11-Jul-2005		9.200%		MD - 65.24%		Paid Off - 360		01-Jun-2005
116830902 1					89,931.30			11-Jul-2005		9.200%		MD - 65.24%		Paid Off - 360		01-Jun-2005
116845082 2			424,000.00		423,086.39			04-Aug-2005		5.750%		MA - 73.10%		Paid Off - 360		01-Jun-2005
116845082 2					423,086.39			04-Aug-2005		5.750%		MA - 73.10%		Paid Off - 360		01-Jun-2005
116849423 1			96,750.00		96,671.92			09-Aug-2005		10.450%		IL - 75.00%		Paid Off - 360		01-Jun-2005
116849423 1					96,671.92			09-Aug-2005		10.450%		IL - 75.00%		Paid Off - 360		01-Jun-2005
116866500 1			175,000.00		174,744.58			28-Jul-2005		7.600%		FL - 87.50%		Paid Off - 360		01-Jun-2005
116866500 1					174,744.58			28-Jul-2005		7.600%		FL - 87.50%		Paid Off - 360		01-Jun-2005
116947920 1			160,000.00		159,749.60			05-Aug-2005		7.250%		CA - 67.51%		Paid Off - 360		01-Jun-2005
116947920 1					159,749.60			05-Aug-2005		7.250%		CA - 67.51%		Paid Off - 360		01-Jun-2005
116967282 1			168,750.00		168,508.59			01-Aug-2005		7.700%		ME - 76.71%		Paid Off - 360		01-Jun-2005
116967282 1					168,508.59			01-Aug-2005		7.700%		ME - 76.71%		Paid Off - 360		01-Jun-2005
117011189 1			62,400.00		61,998.10			12-Jul-2005		9.450%		MD - 73.41%		Paid Off - 360		01-Jun-2005
117011189 1					61,998.10			12-Jul-2005		9.450%		MD - 73.41%		Paid Off - 360		01-Jun-2005
117032862 1			134,000.00		133,806.38			27-Jul-2005		7.650%		NJ - 67.00%		Paid Off - 360		01-Jun-2005
117032862 1					133,806.38			27-Jul-2005		7.650%		NJ - 67.00%		Paid Off - 360		01-Jun-2005
117233007 1			212,500.00		212,332.18			20-Jul-2005		10.550%		IL - 85.00%		Paid Off - 360		01-Jun-2005
117233007 1					212,332.18			20-Jul-2005		10.550%		IL - 85.00%		Paid Off - 360		01-Jun-2005
117316067 1			285,000.00		284,615.47			19-Jul-2005		7.990%		MD - 73.15%		Paid Off - 360		01-Jun-2005
117316067 1					284,615.47			19-Jul-2005		7.990%		MD - 73.15%		Paid Off - 360		01-Jun-2005
117320309 1			134,000.00		133,819.20			08-Aug-2005		7.990%		FL - 89.33%		Paid Off - 360		01-Jun-2005
117320309 1					133,819.20			08-Aug-2005		7.990%		FL - 89.33%		Paid Off - 360		01-Jun-2005
117374686 1			190,000.00		189,810.36			18-Jul-2005		9.450%		NJ - 54.29%		Paid Off - 360		01-Jun-2005
117374686 1					189,810.36			18-Jul-2005		9.450%		NJ - 54.29%		Paid Off - 360		01-Jun-2005
117399709 1			228,697.00		228,416.05			11-Jul-2005		8.450%		RI - 88.94%		Paid Off - 360		01-Jun-2005
117399709 1					228,416.05			11-Jul-2005		8.450%		RI - 88.94%		Paid Off - 360		01-Jun-2005
117468322 1			216,835.00		216,623.08			25-Jul-2005		9.550%		AZ - 85.00%		Paid Off - 360		01-Jun-2005
117468322 1					216,623.08			25-Jul-2005		9.550%		AZ - 85.00%		Paid Off - 360		01-Jun-2005
117483024 1			114,204.00		114,057.84			11-Jul-2005		8.250%		CA - 43.82%		Paid Off - 360		01-Jun-2005
117483024 1					114,057.84			11-Jul-2005		8.250%		CA - 43.82%		Paid Off - 360		01-Jun-2005
117521203 1			65,875.00		65,579.81			05-Aug-2005		10.850%		MI - 85.00%		Paid Off - 180		01-Jun-2005
117521203 1					65,579.81			05-Aug-2005		10.850%		MI - 85.00%		Paid Off - 180		01-Jun-2005
117546788 2			490,000.00		489,326.75			10-Aug-2005		7.900%		MD - 74.81%		Paid Off - 360		01-Jun-2005
117546788 2					489,326.75					7.900%		MD - 74.81%		Paid Off - 360


Page 21 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

117576249 1			208,000.00		208,000.00			09-Aug-2005		7.200%		RI - 80.00%		Paid Off - 360		01-Jul-2005
			208,000.00

117590265 1			106,250.00		106,132.39			11-Jul-2005		8.990%		LA - 86.03%		Paid Off - 360		01-Jun-2005
117590265 1					106,132.39			11-Jul-2005		8.990%		LA - 86.03%		Paid Off - 360		01-Jun-2005
117604405 1			157,000.00		156,741.34			25-Jul-2005		6.990%		NV - 74.83%		Paid Off - 360		01-Jun-2005
117604405 1					156,741.34			25-Jul-2005		6.990%		NV - 74.83%		Paid Off - 360		01-Jun-2005
117631804 1			76,204.00		76,109.41			14-Jul-2005		8.400%		MD - 56.19%		Paid Off - 360		01-Jun-2005
117631804 1					76,109.41			14-Jul-2005		8.400%		MD - 56.19%		Paid Off - 360		01-Jun-2005
117704361 1			126,500.00		126,338.10			01-Aug-2005		8.250%		MD - 46.54%		Paid Off - 360		01-Jun-2005
117704361 1					126,338.10			01-Aug-2005		8.250%		MD - 46.54%		Paid Off - 360		01-Jun-2005
117776302 1			157,700.00		157,448.27			15-Jul-2005		7.150%		MD - 87.61%		Paid Off - 360		01-Jun-2005
117776302 1					157,448.27			15-Jul-2005		7.150%		MD - 87.61%		Paid Off - 360		01-Jun-2005
117876581 1			400,000.00		399,450.40			26-Jul-2005		7.900%		NY - 76.92%		Paid Off - 360		01-Jun-2005
117876581 1					399,450.40			26-Jul-2005		7.900%		NY - 76.92%		Paid Off - 360		01-Jun-2005
117924225 1			70,000.00		69,466.65			03-Aug-2005		9.990%		NJ - 18.45%		Paid Off - 360		01-Jul-2005
117924225 1					69,466.65			03-Aug-2005		9.990%		NJ - 18.45%		Paid Off - 360		01-Jul-2005
117925743 1			60,000.00		59,958.39			13-Jul-2005		11.150%		MO - 60.00%		Paid Off - 360		01-Jun-2005
117925743 1					59,958.39			13-Jul-2005		11.150%		MO - 60.00%		Paid Off - 360		01-Jun-2005
118141969 1			284,200.00		284,189.65			25-Jul-2005		5.990%		CA - 59.09%		Paid Off - 360		01-Jul-2005
118141969 1					284,189.65			25-Jul-2005		5.990%		CA - 59.09%		Paid Off - 360		01-Jul-2005
118199363 1			180,000.00		179,859.36			01-Aug-2005		10.600%		IL - 75.00%		Paid Off - 360		01-Jun-2005
118199363 1					179,859.36			01-Aug-2005		10.600%		IL - 75.00%		Paid Off - 360		01-Jun-2005
118408541 1			68,000.00		67,967.59			20-Jul-2005		9.650%		WI - 68.00%		Paid Off - 360		01-Jul-2005
118408541 1					67,967.59			20-Jul-2005		9.650%		WI - 68.00%		Paid Off - 360		01-Jul-2005
118472562 2			440,000.00		439,846.49			08-Aug-2005		11.100%		CA - 79.28%		Paid Off - 360		01-Jul-2005
118472562 2					439,846.49			08-Aug-2005		11.100%		CA - 79.28%		Paid Off - 360		01-Jul-2005
118505106 1			87,000.00		87,000.00			14-Jul-2005		7.250%		FL - 71.08%		Paid Off - 360		01-Jul-2005
118505106 1					87,000.00			14-Jul-2005		7.250%		FL - 71.08%		Paid Off - 360		01-Jul-2005
118545664 1			238,500.00		238,232.99			05-Aug-2005		8.900%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
118545664 1					238,232.99			05-Aug-2005		8.900%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
118549724 1			232,000.00		231,636.94			13-Jul-2005		7.250%		CA - 73.03%		Paid Off - 360		01-Jun-2005
118549724 1					231,636.94			13-Jul-2005		7.250%		CA - 73.03%		Paid Off - 360		01-Jun-2005
118742261 2			450,000.00		449,682.39			03-Aug-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Jul-2005
118742261 2					449,682.39			03-Aug-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Jul-2005
118804541 1			113,000.00		112,949.47			15-Jul-2005		9.950%		MD - 74.83%		Paid Off - 360		01-Jul-2005
118804541 1					112,949.47			15-Jul-2005		9.950%		MD - 74.83%		Paid Off - 360		01-Jul-2005
118871888 1			150,000.00		149,902.37			28-Jul-2005		8.150%		CO - 86.71%		Paid Off - 360		01-Jul-2005
118871888 1					149,902.37			28-Jul-2005		8.150%		CO - 86.71%		Paid Off - 360		01-Jul-2005
118873181 1			#######		255,000.00			26-Jul-2005		10.050%		CA - 79.09%		Paid Off - 360		01-Jul-2005
118873181 1					255,000.00			26-Jul-2005		10.050%		CA - 79.09%		Paid Off - 360		01-Jul-2005
119049203 1			221,250.00		221,250.00			26-Jul-2005		7.200%		FL - 87.45%		Paid Off - 360		01-Jul-2005
119049203 1					221,250.00			26-Jul-2005		7.200%		FL - 87.45%		Paid Off - 360		01-Jul-2005
119102762 1			136,000.00		135,952.02			26-Jul-2005		11.050%		WI - 85.00%		Paid Off - 360		01-Jul-2005
119102762 1					135,952.02			26-Jul-2005		11.050%		WI - 85.00%		Paid Off - 360		01-Jul-2005
119178382 1			185,550.00		185,465.25			01-Aug-2005		9.850%		MD - 71.12%		Paid Off - 360		01-Jul-2005
119178382 1					185,465.25			01-Aug-2005		9.850%		MD - 71.12%		Paid Off - 360		01-Jul-2005
119194066 1			184,500.00		184,417.50			09-Aug-2005		9.950%		WI - 90.00%		Paid Off - 360		01-Jul-2005
119194066 1					184,417.50			09-Aug-2005		9.950%		WI - 90.00%		Paid Off - 360		01-Jul-2005
119256444 1			245,000.00		245,000.00			01-Aug-2005		6.990%		MD - 65.51%		Paid Off - 360		01-Jul-2005
119256444 1					245,000.00			01-Aug-2005		6.990%		MD - 65.51%		Paid Off - 360		01-Jul-2005
119300606 1			187,000.00		186,858.77			02-Aug-2005		8.350%		RI - 71.92%		Paid Off - 360		01-Jul-2005
119300606 1					186,858.77			02-Aug-2005		8.350%		RI - 71.92%		Paid Off - 360		01-Jul-2005
119419547 1			135,000.00		134,898.79			01-Aug-2005		7.450%		NJ - 48.75%		Paid Off - 360		01-Jul-2005
119419547 1					134,898.79			01-Aug-2005		7.450%		NJ - 48.75%		Paid Off - 360		01-Jul-2005
119551240 1			283,500.00		283,500.00			14-Jul-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Jul-2005
119551240 1					283,500.00			14-Jul-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Jul-2005
119556066 1			62,800.00		62,763.87			29-Jul-2005		8.750%		NY - 80.00%		Paid Off - 360		01-Jul-2005
119556066 1					62,763.87			29-Jul-2005		8.750%		NY - 80.00%		Paid Off - 360		01-Jul-2005
120015466 1			72,000.00		71,943.27			02-Aug-2005		7.200%		CA - 40.86%		Paid Off - 360		01-Jul-2005
120015466 1					71,943.27			02-Aug-2005		7.200%		CA - 40.86%		Paid Off - 360		01-Jul-2005
120215306 1			135,000.00		134,936.34			10-Aug-2005		9.700%		MD - 84.17%		Paid Off - 360		01-Jul-2005
120215306 1					134,936.34			10-Aug-2005		9.700%		MD - 84.17%		Paid Off - 360		01-Jul-2005
120241641 1			513,000.00		512,760.66			25-Jul-2005		9.750%		HI - 90.00%		Paid Off - 360		01-Jul-2005
120241641 1					512,760.66			25-Jul-2005		9.750%		HI - 90.00%		Paid Off - 360		01-Jul-2005
115331621 1			348,000.00		347,530.48			18-Jul-2005		7.990%		FL - 87.00%		Repur/Subs - 360		01-Jun-2005
115331621 1					347,530.48			18-Jul-2005		7.990%		FL - 87.00%		Repur/Subs - 360		01-Jun-2005
118062140 1			120,600.00		120,538.78			28-Jul-2005		9.350%		TN - 90.00%		Repur/Subs - 360		01-Jul-2005
118062140 1					120,538.78			28-Jul-2005		9.350%		TN - 90.00%		Repur/Subs - 360		01-Jul-2005
118672740 1			167,000.00		166,896.73			11-Jul-2005		8.400%		MD - 59.64%		Repur/Subs - 360		01-Jul-2005
118672740 1					166,896.73			11-Jul-2005		8.400%		MD - 59.64%		Repur/Subs - 360		01-Jul-2005
118920248 1			74,700.00		74,666.88			11-Jul-2005		9.990%		WI - 90.00%		Repur/Subs - 360		01-Jul-2005
118920248 1					74,666.88			11-Jul-2005		9.990%		WI - 90.00%		Repur/Subs - 360		01-Jul-2005


TOTAL			20,624,023.00		20,593,940.13
TOTAL


Page 22 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



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

Cumulative
Cumulative



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










Page 23 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


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


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


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












Page 24 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

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 25 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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




TOTAL



Page 26 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										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								1,475,382.12
						Delinquency Percentage								0.1007%
						Balance of Mezzanine and C Class								257,250,002.72
						Ending Pool Balance								1,465,427,420.95
						Credit Enhancement Percentage (Current Period)								17.5546%
						Credit Enhancement Percentage (Prior Period)								17.2981%
						Does a Sequential Trigger Exist? (0=No,1=Yes)								0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current LIBOR Rate														3.460000%
Next LIBOR Rate														3.641250%




Page 27 of 28
Ameriquest Mortgage Securities, Inc. 2005-R5

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-R5

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

										Next Pass Through Rate			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1A							3.87%			$0.00		$0.00
										3.87%			$0.00		$0.00
			A-1B							3.92%			$0.00		$0.00
										3.92%			$0.00		$0.00
			A-2A							3.72%			$0.00		$0.00
										3.72%			$0.00		$0.00
			A-2B							3.87%			$0.00		$0.00
										3.87%			$0.00		$0.00
			A-2C							4.00%			$0.00		$0.00
										4.00%			$0.00		$0.00
			M-1							4.07%			$0.00		$0.00
										4.07%			$0.00		$0.00
			M-2							4.10%			$0.00		$0.00
										4.10%			$0.00		$0.00
			M-3							4.13%			$0.00		$0.00
										4.13%			$0.00		$0.00
			M-4							4.27%			$0.00		$0.00
										4.27%			$0.00		$0.00
			M-5							4.29%			$0.00		$0.00
										4.29%			$0.00		$0.00
			M-6							4.34%			$0.00		$0.00
										4.34%			$0.00		$0.00
			M-7							4.86%			$0.00		$0.00
										4.86%			$0.00		$0.00
			M-8							4.99%			$0.00		$0.00
										4.99%			$0.00		$0.00
			M-9							5.39%			$0.00		$0.00
										5.39%			$0.00		$0.00
			M-10							6.64%			$0.00		$0.00
										6.64%			$0.00		$0.00
			M-11							6.64%			$0.00		$0.00
										6.64%			$0.00		$0.00
			CE							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			P							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			R							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			SWAP-IO							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00
			R-III							0.00%			$0.00		$0.00
										0.00%			$0.00		$0.00






Page 28 of 28

AMERIQUEST MORTGAGE SECURITIES INC., ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2005-R5 8-K