Ameriquest Mortgage Securities, Inc. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Ameriquest Mortgage Co.

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Ameriquest Mortgage Co.

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Merrill Lynch & Co.

7. Foreclosure Report

RBS Greenwich Capital

8. Prepayment Report

9. Prepayment Detail Report

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

February 01, 2006

Jason Grewal

Close Date:

February 23, 2006

Administrator

First Distribution Date:

March 27, 2006

(714) 247-6264

Jason.Grewal@db.com

Address:

Distribution Date:

June 26, 2006

1761 E. St. Andrew Place, Santa Ana, CA 92705

Record Date:

May 31, 2006

Factor Information:

(800) 735-7777

June 23, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

June 10, 2006

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

Page 1 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Certificate Payment Report
Current Period Distribution - Series 2006-R1
				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)
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	SR/FLT/STEP	$	975,411,000.00	922,559,658.26	4,335,005.33	26,710,010.01	31,045,015.34	0.00	0.00	895,849,648.25
A-1	SR/FLT/STEP	$	975,411,000.00	922,559,658.26	4,335,005.33	26,710,010.01	31,045,015.34	0.00	0.00	895,849,648.25
A-2A	SR/FLT/STEP	$	83,530,000.00	66,687,546.44	305,947.64	5,227,348.51	5,533,296.15	0.00	0.00	61,460,197.93
A-2B	SR/FLT/STEP	$	37,660,000.00	37,660,000.00	174,784.24	0.00	174,784.24	0.00	0.00	37,660,000.00
A-2C	SR/FLT/STEP	$	38,500,000.00	38,500,000.00	180,393.89	0.00	180,393.89	0.00	0.00	38,500,000.00
A-2D	SR/FLT/STEP	$	27,409,000.00	27,409,000.00	130,862.75	0.00	130,862.75	0.00	0.00	27,409,000.00
M-1	MEZ/FLT/STE	$	82,500,000.00	82,500,000.00	401,225.00	0.00	401,225.00	0.00	0.00	82,500,000.00
M-2	MEZ/FLT/STE	$	63,000,000.00	63,000,000.00	307,510.00	0.00	307,510.00	0.00	0.00	63,000,000.00
M-3	MEZ/FLT/STE	$	30,000,000.00	30,000,000.00	147,233.33	0.00	147,233.33	0.00	0.00	30,000,000.00
M-4	MEZ/FLT/STE	$	24,750,000.00	24,750,000.00	124,107.50	0.00	124,107.50	0.00	0.00	24,750,000.00
M-5	MEZ/FLT/STE	$	23,250,000.00	23,250,000.00	117,205.83	0.00	117,205.83	0.00	0.00	23,250,000.00
M-6	MEZ/FLT/STE	$	21,000,000.00	21,000,000.00	108,290.00	0.00	108,290.00	0.00	0.00	21,000,000.00
M-7	MEZ/FLT/STE	$	20,250,000.00	20,250,000.00	113,962.50	0.00	113,962.50	0.00	0.00	20,250,000.00
M-8	MEZ/FLT/STE	$	15,000,000.00	15,000,000.00	88,416.67	0.00	88,416.67	0.00	0.00	15,000,000.00
M-9	MEZ/FLT/STE	$	9,000,000.00	9,000,000.00	60,650.00	0.00	60,650.00	0.00	0.00	9,000,000.00
M-10	MEZ/FLT/STE	$	11,250,000.00	11,250,000.00	75,812.50	0.00	75,812.50	0.00	0.00	11,250,000.00
M-11	MEZ/FLT/STE	$	15,000,000.00	15,000,000.00	101,083.33	0.00	101,083.33	0.00	0.00	15,000,000.00
CE	WAC/EXE	$	22,504,770.05	22,500,223.05	3,222,666.63	0.00	3,222,666.63	0.00	0.00	22,500,223.05
P	FIX/EXE	$	100.00	100.00	307,957.73	0.00	307,957.73	0.00	0.00	100.00
R	NPR/EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	NPR/EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,500,014,870.05	1,430,316,527.75	10,303,114.87	31,937,358.52	42,240,473.39	0.00	0.00	1,398,379,169.23
Total





Page 2 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 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
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	05/25/06	06/25/06	A-Act/360	03072SW76	975,411,000.00	945.816336	4.444286	27.383339	31.827625	918.432997
A-1	05/25/06	06/25/06	A-Act/360	03072SW76	975,411,000.00	945.816336	4.444286	27.383339	31.827625	918.432997
A-2A	05/25/06	06/25/06	A-Act/360	03072SW84	83,530,000.00	798.366413	3.662728	62.580492	66.243220	735.785920
A-2B	05/25/06	06/25/06	A-Act/360	03072SW92	37,660,000.00	1,000.000000	4.641111	0.000000	4.641111	1,000.000000
A-2C	05/25/06	06/25/06	A-Act/360	03072SX26	38,500,000.00	1,000.000000	4.685556	0.000000	4.685556	1,000.000000
A-2D	05/25/06	06/25/06	A-Act/360	03072SX34	27,409,000.00	1,000.000000	4.774445	0.000000	4.774445	1,000.000000
M-1	05/25/06	06/25/06	A-Act/360	03072SX42	82,500,000.00	1,000.000000	4.863333	0.000000	4.863333	1,000.000000
M-2	05/25/06	06/25/06	A-Act/360	03072SX59	63,000,000.00	1,000.000000	4.881111	0.000000	4.881111	1,000.000000
M-3	05/25/06	06/25/06	A-Act/360	03072SX67	30,000,000.00	1,000.000000	4.907778	0.000000	4.907778	1,000.000000
M-4	05/25/06	06/25/06	A-Act/360	03072SX75	24,750,000.00	1,000.000000	5.014444	0.000000	5.014444	1,000.000000
M-5	05/25/06	06/25/06	A-Act/360	03072SX83	23,250,000.00	1,000.000000	5.041111	0.000000	5.041111	1,000.000000
M-6	05/25/06	06/25/06	A-Act/360	03072SX91	21,000,000.00	1,000.000000	5.156667	0.000000	5.156667	1,000.000000
M-7	05/25/06	06/25/06	A-Act/360	03072SY25	20,250,000.00	1,000.000000	5.627778	0.000000	5.627778	1,000.000000
M-8	05/25/06	06/25/06	A-Act/360	03072SY33	15,000,000.00	1,000.000000	5.894445	0.000000	5.894445	1,000.000000
M-9	05/25/06	06/25/06	A-Act/360	03072SY41	9,000,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
M-10	05/25/06	06/25/06	A-Act/360	03072SY58	11,250,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
M-11	05/25/06	06/25/06	A-Act/360	03072SY66	15,000,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
CE	05/01/06	05/30/06	F-30/360	03072SY74	22,504,770.05	999.797954	143.199269	0.000000	143.199269	999.797954
P	05/01/06	05/30/06	F-30/360	03072SY82	100.00	1,000.000000	3,079,577.300000	0.000000	3,079,577.300000	1,000.000000
R	05/01/06	05/30/06	F-30/360	03072SY90	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X	05/01/06	05/30/06	F-30/360	03072SZ24	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


Distribution to Date - Series 2006-R1
									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-1	975,411,000.00	16,464,377.64	77,055,142.32	2,506,209.43	79,561,351.75	96,025,729.39	0.00	0.00	895,849,648.25
A-2A	83,530,000.00	1,291,093.12	21,400,121.93	669,680.14	22,069,802.07	23,360,895.19	0.00	0.00	61,460,197.93
A-2B	37,660,000.00	642,905.54	0.00	0.00	0.00	642,905.54	0.00	0.00	37,660,000.00
A-2C	38,500,000.00	663,822.54	0.00	0.00	0.00	663,822.54	0.00	0.00	38,500,000.00
A-2D	27,409,000.00	481,954.65	0.00	0.00	0.00	481,954.65	0.00	0.00	27,409,000.00
M-1	82,500,000.00	1,478,851.85	0.00	0.00	0.00	1,478,851.85	0.00	0.00	82,500,000.00
M-2	63,000,000.00	1,133,610.05	0.00	0.00	0.00	1,133,610.05	0.00	0.00	63,000,000.00
M-3	30,000,000.00	542,889.31	0.00	0.00	0.00	542,889.31	0.00	0.00	30,000,000.00
M-4	24,750,000.00	458,031.18	0.00	0.00	0.00	458,031.18	0.00	0.00	24,750,000.00
M-5	23,250,000.00	432,654.84	0.00	0.00	0.00	432,654.84	0.00	0.00	23,250,000.00
M-6	21,000,000.00	400,112.52	0.00	0.00	0.00	400,112.52	0.00	0.00	21,000,000.00
M-7	20,250,000.00	422,492.16	0.00	0.00	0.00	422,492.16	0.00	0.00	20,250,000.00
M-8	15,000,000.00	328,332.16	0.00	0.00	0.00	328,332.16	0.00	0.00	15,000,000.00
M-9	9,000,000.00	226,211.79	0.00	0.00	0.00	226,211.79	0.00	0.00	9,000,000.00
M-10	11,250,000.00	282,764.74	0.00	0.00	0.00	282,764.74	0.00	0.00	11,250,000.00
M-11	15,000,000.00	377,019.65	0.00	0.00	0.00	377,019.65	0.00	0.00	15,000,000.00
CE	22,504,770.05	13,090,372.88	0.00	0.00	4,547.00	13,094,919.88	0.00	0.00	22,500,223.05
P	100.00	996,364.37	0.00	0.00	0.00	996,364.37	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
R-X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total	1,500,014,870.05	39,713,860.99	98,455,264.25	3,175,889.57	101,635,700.82	141,349,561.81	0.00	0.00	1,398,379,169.23


Interest Detail - Series 2006-R1
	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-1	5.28625%	922,559,658.26	4,335,005.33	0.00	0.00	0.00	4,335,005.33	4,335,005.33	0.00
A-2A	5.16125%	66,687,546.44	305,947.64	0.00	0.00	0.00	305,947.64	305,947.64	0.00
A-2B	5.22125%	37,660,000.00	174,784.24	0.00	0.00	0.00	174,784.24	174,784.24	0.00
A-2C	5.27125%	38,500,000.00	180,393.89	0.00	0.00	0.00	180,393.89	180,393.89	0.00
A-2D	5.37125%	27,409,000.00	130,862.75	0.00	0.00	0.00	130,862.75	130,862.75	0.00
M-1	5.47125%	82,500,000.00	401,225.00	0.00	0.00	0.00	401,225.00	401,225.00	0.00
M-2	5.49125%	63,000,000.00	307,510.00	0.00	0.00	0.00	307,510.00	307,510.00	0.00
M-3	5.52125%	30,000,000.00	147,233.33	0.00	0.00	0.00	147,233.33	147,233.33	0.00
M-4	5.64125%	24,750,000.00	124,107.50	0.00	0.00	0.00	124,107.50	124,107.50	0.00
M-5	5.67125%	23,250,000.00	117,205.83	0.00	0.00	0.00	117,205.83	117,205.83	0.00
M-6	5.80125%	21,000,000.00	108,290.00	0.00	0.00	0.00	108,290.00	108,290.00	0.00
M-7	6.33125%	20,250,000.00	113,962.50	0.00	0.00	0.00	113,962.50	113,962.50	0.00
M-8	6.63125%	15,000,000.00	88,416.67	0.00	0.00	0.00	88,416.67	88,416.67	0.00
M-9	7.58125%	9,000,000.00	60,650.00	0.00	0.00	0.00	60,650.00	60,650.00	0.00
M-10	7.58125%	11,250,000.00	75,812.50	0.00	0.00	0.00	75,812.50	75,812.50	0.00
M-11	7.58125%	15,000,000.00	101,083.33	0.00	0.00	0.00	101,083.33	101,083.33	0.00
CE	171.87385%	22,500,223.05	0.00	0.00	0.00	0.00	0.00	3,222,666.63	0.00
P	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	307,957.73	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,430,316,527.75	6,772,490.51	0.00	0.00	0.00	6,772,490.51	10,303,114.87	0.00



Page 4 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	5,227,348.51	26,710,010.01	31,937,358.52
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	5,227,348.51	26,710,010.01	31,937,358.52
Interest Collections	1,480,181.81	8,291,992.06	9,772,173.87
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Fees	-42,291.71	-238,979.09	-281,270.80
Interest Other Accounts	102,955.17	709,256.65	812,211.82
TOTAL NET INTEREST	1,540,845.27	8,762,269.63	10,303,114.88
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	6,768,193.76	35,472,279.64	42,240,473.39




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	102,184.15	678,580.68	780,764.83
Curtailments	(91,743.48)	65,381.38	(26,362.10)
Prepayments In Full	5,216,907.84	25,966,047.95	31,182,955.79
Repurchased/Substitutions	0.00	0.00	0.00
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	-54,940.77	-357,088.04	-412,028.81
Principal Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	54,940.77	357,088.04	412,028.81
TOTAL PRINCIPAL COLLECTED	5,227,348.51	26,710,010.01	31,937,358.52




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

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






Page 5 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


INTEREST - COLLECTIONS

			Group 2	Group 1	Total
Scheduled Interest			1,531,725.45	8,556,811.55	10,088,537.00
Repurchased/Substitution Interest			0.00	0.00	0.00
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			-4,138.49	-38,426.50	-42,564.99
Delinquent Interest			-853,458.25	-4,583,894.57	-5,437,352.82
Compensating Interest			4,138.49	38,426.50	42,564.99
Civil Relief Act Shortfalls			-0.00	-0.00	-0.00
Interest Advanced			801,914.62	4,319,075.08	5,120,989.70
Interest Realized Loss			0.00	0.00	0.00
TOTAL INTEREST COLLECTED			1,480,181.81	8,291,992.06	9,772,173.87




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	23,781.52	284,176.21	307,957.73
	Net WAC Reserve Investment Income	0.00	0.00	0.00

	Interest Rate Swap Receipt			6,183,387.22
	Interest Rate Swap Payment			(5,679,133.13)
	Swap Termination Payment			0.00

	TOTAL INTEREST OTHER ACCOUNTS	102,955.17	709,256.65	812,211.82
	Withdrawals from SWAP Account			504,254.09
	Net SWAP Payment due to SWAP Provider			0.00



INTEREST FEES
INTEREST FEES
		Group 2	Group 1	Total
	Current Servicing Fees	42,029.71	237,572.39	279,602.10
	Trustee Fees	262.00	1,406.70	1,668.70
	Extraordinary Trust Fund Expenses	0.00	0.00	0.00
	TOTAL INTEREST FEES	42,291.71	238,979.09	281,270.80



Page 6 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Net WAC Rate Carryover Reserve Account

Beginning Account Balance

0.00

Account Deposit

0.00

Account Withdrawls

0.00

Ending Account Balance

0.00

SWAP ACCOUNT

Beginning Account Balance

0.00

Account Deposit

504,254.09

Account Withdrawls

504,254.09

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralized Amount

22,500,223.05

Overcollateralization Reduction Amount

0.00

Overcollateralization Deficiency Amount

0.00

Overcollateralization Increase Amount

0.00

Overcollateralization Target Amount

22,500,223.05

Net Monthly Excess Cashflow

2,718,412.55

Credit Enhancement Percentage

24.1351%

Page 7 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	970	7,976	8,946
Prior	923	7,707	8,630
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-15	-148	-163
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	908	7,559	8,467
Principal Balance:


Original	241,419,273.56	1,258,595,596.49	1,500,014,870.05
Prior	224,576,023.21	1,205,740,504.54	1,430,316,527.75
Prefunding	0.00	0.00	0.00
Scheduled Principal	-102,184.15	-678,580.68	-780,764.83
Partial Prepayments	(91,743.48)	-65,381.38	(26,362.10)
Full Voluntary Prepayments	-5,216,907.84	-25,966,047.95	-31,182,955.79
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	219,348,674.70	1,179,030,494.53	1,398,379,169.23





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 8 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.25458%	8.53413%	8.48914%
Weighted Average Coupon Prior	8.22013%	8.52616%	8.47735%
Weighted Average Coupon Current	8.18462%	8.51607%	8.46403%
Weighted Average Months to Maturity Original	356	354	354
Weighted Average Months to Maturity Prior	354	352	352
Weighted Average Months to Maturity Current	353	351	351
Weighted Avg Remaining Amortization Term Original	356	354	354
Weighted Avg Remaining Amortization Term Prior	354	352	352
Weighted Avg Remaining Amortization Term Current	353	351	351
Weighted Average Seasoning Original	2.34	2.36	2.36
Weighted Average Seasoning Prior	4.34	4.36	4.36
Weighted Average Seasoning Current	5.34	5.36	5.36

Page 9 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Group 2	Group 1	Total
Weighted Average Margin Original		5.75621%	5.96229%	5.93098%
Weighted Average Margin Prior		5.75019%	5.96651%	5.93403%
Weighted Average Margin Current		5.74396%	5.96506%	5.93243%
Weighted Average Max Rate Original		14.31101%	14.59708%	14.55360%
Weighted Average Max Rate Prior		14.27033%	14.58577%	14.53840%
Weighted Average Max Rate Current		14.22939%	14.57545%	14.52436%
Weighted Average Min Rate Original		8.31101%	8.59708%	8.55360%
Weighted Average Min Rate Prior		8.27033%	8.58577%	8.53840%
Weighted Average Min Rate Current		8.22939%	8.57545%	8.52436%
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
SERVICING FEES & ADVANCES

		Group 2	Group 1	Total




Current Servicing Fees		42,029.71	237,572.39	279,602.10
Delinquent Servicing Fees		51,543.63	264,819.49	316,363.12
TOTAL SERVICING FEES		93,573.34	502,391.88	595,965.22


Total Servicing Fees		93,573.34	502,391.88	595,965.22
Compensating Interest		-4,138.49	-38,426.50	-42,564.99
Delinquent Servicing Fees		-51,543.63	-264,819.49	-316,363.12
COLLECTED SERVICING FEES		37,891.23	199,145.90	237,037.13


Total Advanced Interest		801,914.62	4,319,075.08	5,120,989.70
Total Advanced Principal		54,940.77	357,088.04	412,028.81
Aggregate Advances with respect to this Distribution		856,855.40	4,676,163.12	5,533,018.52






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Group 2	Group 1	Total
	Prepayment Interest Shortfall (PPIS)	4,138.49	38,426.50	42,564.99
	Compensating Interest	(4,138.49)	(38,426.50)	(42,564.99)
	Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00


	Ending Pool Stated Principal Balance	8.233356%	8.720553%	8.644057%





Page 10 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		15,252,308.98	7,339,748.34	758,177.17	23,350,234.49
	% Balance		1.09%	0.52%	0.05%	1.67%
	# Loans		97	44	6	147
	% # Loans		1.15%	0.52%	0.07%	1.74%
FORECLOSURE	Balance	225,000.00	0.00	669,413.08	4,772,242.99	5,666,656.07
	% Balance	0.02%	0.00%	0.05%	0.34%	0.41%
	# Loans	1	0	4	20	25
	% # Loans	0.01%	0.00%	0.05%	0.24%	0.30%
BANKRUPTCY	Balance	163,128.08	0.00	0.00	0.00	163,128.08
	% Balance	0.01%	0.00%	0.00%	0.00%	0.01%
	# Loans	1	0	0	0	1
	% # Loans	0.01%	0.00%	0.00%	0.00%	0.01%
REO	Balance	0.00	0.00	0.00	284,770.56	284,770.56
	% Balance	0.00%	0.00%	0.00%	0.02%	0.02%
	# Loans	0	0	0	3	3
	% # Loans	0.00%	0.00%	0.00%	0.04%	0.04%
TOTAL	Balance	388,128.08	15,252,308.98	8,009,161.42	5,815,190.72	29,464,789.20
	% Balance	0.03%	1.09%	0.57%	0.42%	2.11%
	# Loans	2	97	48	29	176
	% # Loans	0.02%	1.15%	0.57%	0.34%	2.08%

Page 11 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		12,619,016.07	6,001,932.15	474,223.69	19,095,171.91
	% Balance		1.07%	0.51%	0.04%	1.62%
	# Loans		90	40	4	134
	% # Loans		1.19%	0.53%	0.05%	1.77%
FORECLOSURE	Balance	0.00	0.00	669,413.08	3,040,928.78	3,710,341.86
	% Balance	0.00%	0.00%	0.06%	0.26%	0.31%
	# Loans	0	0	4	16	20
	% # Loans	0.00%	0.00%	0.05%	0.21%	0.26%
BANKRUPTCY	Balance	163,128.08	0.00	0.00	0.00	163,128.08
	% Balance	0.01%	0.00%	0.00%	0.00%	0.01%
	# Loans	1	0	0	0	1
	% # Loans	0.01%	0.00%	0.00%	0.00%	0.01%
REO	Balance	0.00	0.00	0.00	284,770.56	284,770.56
	% Balance	0.00%	0.00%	0.00%	0.02%	0.02%
	# Loans	0	0	0	3	3
	% # Loans	0.00%	0.00%	0.00%	0.04%	0.04%
TOTAL	Balance	163,128.08	12,619,016.07	6,671,345.23	3,799,923.03	23,253,412.41
	% Balance	0.01%	1.07%	0.57%	0.32%	1.97%
	# Loans	1	90	44	23	158
	% # Loans	0.01%	1.19%	0.58%	0.30%	2.09%

Page 12 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		2,633,292.91	1,337,816.19	283,953.48	4,255,062.58
	% Balance		1.20%	0.61%	0.13%	1.94%
	# Loans		7	4	2	13
	% # Loans		0.77%	0.44%	0.22%	1.43%
FORECLOSURE	Balance	225,000.00	0.00	0.00	1,731,314.21	1,956,314.21
	% Balance	0.10%	0.00%	0.00%	0.79%	0.89%
	# Loans	1	0	0	4	5
	% # Loans	0.11%	0.00%	0.00%	0.44%	0.55%
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	225,000.00	2,633,292.91	1,337,816.19	2,015,267.69	6,211,376.79
	% Balance	0.10%	1.20%	0.61%	0.92%	2.83%
	# Loans	1	7	4	6	18
	% # Loans	0.11%	0.77%	0.44%	0.66%	1.98%

Page 13 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Became REO Property this Period:

138185087 1

131,300.00

130,928.38

01-Jan-2006

8.900%

NH - 65.65%

360

01-Feb-2006

139865646 1

77,700.00

77,456.35

01-Jan-2006

8.400%

MI - 77.70%

360

01-Feb-2006

139889885 1

76,500.00

76,385.83

01-Jan-2006

11.900%

MI - 85.00%

360

01-Feb-2006

TOTAL

285,500.00

284,770.56

Page 14 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Foreclosure Report
Loan Number		Original	Stated		Current	State &		First
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
						Origination

Became Foreclosure Property this Period:
135582369 1		142,500.00	142,088.58	01-Jan-2006	9.700%	FL - 75.00%	360	01-Jan-2006
137607867 1		292,000.00	290,669.41	01-Jan-2006	8.250%	CA - 89.96%	360	01-Dec-2005
137608824 1		206,935.00	206,324.95	01-Jan-2006	9.600%	MN - 89.97%	360	01-Jan-2006
137817409 1		62,400.00	62,271.98	01-Jan-2006	11.300%	AR - 80.00%	360	01-Jan-2006
138262944 1		182,750.00	182,114.05	01-Jan-2006	8.800%	FL - 85.00%	360	01-Jan-2006
138786306 1		96,000.00	95,710.96	01-Jan-2006	9.500%	KY - 80.00%	360	01-Jan-2006
138801949 1		71,920.00	71,667.13	01-Jan-2006	8.750%	OK - 80.00%	360	01-Jan-2006
138868260 1		320,000.00	319,026.59	01-Jan-2006	9.450%	NV - 80.00%	360	01-Jan-2006
138968169 1		395,000.00	395,000.00	01-Jan-2006	7.250%	CA - 72.85%	360	01-Feb-2006
139258388 1		217,500.00	217,060.21	01-Feb-2006	10.500%	NJ - 75.00%	360	01-Feb-2006
139610984 1		62,400.00	61,538.01	01-Feb-2006	10.750%	OK - 80.00%	180	01-Jan-2006
140827007 1		199,200.00	198,702.22	01-Jan-2006	9.500%	PA - 80.00%	360	01-Feb-2006
142438068 1		270,000.00	269,521.31	01-Feb-2006	10.050%	GA - 90.00%	360	01-Mar-2006
143454304 1		121,500.00	121,293.55	01-Feb-2006	10.250%	IN - 90.00%	360	01-Mar-2006


TOTAL	2,640,105.00	2,632,988.95

Became Foreclosure Property in a Prior Period:
137656765 1		414,000.00	412,688.63	01-Jan-2006	8.350%	NY - 90.00%	360	01-Feb-2006
137974408 2		104,000.00	103,708.67	01-Jan-2006	8.950%	OK - 65.00%	360	01-Feb-2006
139146740 2		225,000.00	225,000.00	01-May-2006	8.990%	GA - 90.00%	360	01-Feb-2006
139265508 1		128,000.00	127,655.94	01-Jan-2006	9.150%	TX - 80.00%	360	01-Feb-2006
139719082 1		138,750.00	138,444.46	01-Jan-2006	10.100%	MA - 75.00%	360	01-Feb-2006
139856884 2		643,000.00	641,964.03	01-Jan-2006	11.550%	IN - 89.93%	360	01-Feb-2006
140512765 1		108,500.00	108,198.55	01-Jan-2006	8.990%	FL - 64.20%	360	01-Feb-2006
140984022 2		552,500.00	551,728.43	01-Jan-2006	12.200%	NY - 85.00%	360	01-Feb-2006
141605048 1		194,000.00	193,607.70	01-Jan-2006	10.500%	NJ - 45.65%	360	01-Feb-2006
141609487 1		97,000.00	96,757.63	01-Jan-2006	9.500%	LA - 71.32%	360	01-Feb-2006
142232420 2		435,000.00	433,913.08	01-Jan-2006	9.500%	NJ - 72.50%	360	01-Feb-2006


TOTAL	3,039,750.00	3,033,667.12


TOTAL	5,679,855.00	5,666,656.07
TOTAL


Page 15 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	15	148	163
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	15	148	163
Curtailments Amount	(91,743.48)	65,381.38	(26,362.10)
Paid in Full Balance	5,216,907.84	25,966,047.95	31,182,955.79
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	5,125,164.36	26,031,429.33	31,156,593.69
Cumulative


Number of Paid in Full Loans	61	405	466
Number of Repurchased Loans	1	12	13
Total Number of Loans Prepaid in Full	62	417	479
Paid in Full Balance	21,566,041.86	74,290,088.70	95,856,130.56
Repurchased Loans Balance	50,792.12	2,183,256.13	2,234,048.25
Curtailments Amount	34,620.71	334,674.95	369,295.66
Total Prepayment Amount	21,651,454.69	76,808,019.78	98,459,474.47

Page 16 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	2.28%	2.16%	2.18%
3 Months Avg SMM	2.85%	1.86%	2.02%
12 Months Avg SMM	2.32%	1.56%	1.69%
Avg SMM Since Cut-off	2.32%	1.56%	1.69%



CPR	24.21%	23.05%	23.24%
3 Months Avg CPR	29.28%	20.22%	21.73%
12 Months Avg CPR	24.59%	17.24%	18.45%
Avg CPR Since Cut-off	24.59%	17.24%	18.45%



PSA	2,266.44%	2,150.06%	2,168.37%
3 Months Avg PSA Approximation	3,373.58%	2,318.64%	2,494.01%
12 Months Avg PSA Approximation	3,202.87%	2,232.57%	2,392.01%
Avg PSA Since Cut-off Approximation	3,202.87%	2,232.58%	2,392.01%

Page 17 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 18 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 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	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

127869402 1		123,000.00	122,522.66	15-May-2006	9.700%	WI - 75.00%	Paid Off - 360	01-Oct-2005
127869402 1		123,000.00	122,522.66	15-May-2006	9.700%	WI - 75.00%	Paid Off - 360	01-Oct-2005
129720181 1		118,500.00	117,911.20	24-May-2006	8.500%	WI - 84.64%	Paid Off - 360	01-Oct-2005
135007847 1		76,875.00	76,689.59	08-Jun-2006	10.550%	WI - 75.00%	Paid Off - 360	01-Dec-2005
135095487 1		75,000.00	74,814.54	30-May-2006	9.550%	WA - 60.00%	Paid Off - 360	01-Jan-2006
135390060 1		77,500.00	77,216.52	25-May-2006	11.650%	MA - 17.07%	Paid Off - 360	01-Jan-2006
135475523 2		49,980.00	49,867.31	05-Jun-2006	9.990%	FL - 20.00%	Paid Off - 360	01-Jan-2006
135639060 2		620,500.00	619,101.46	02-Jun-2006	9.990%	CA - 85.00%	Paid Off - 360	01-Jan-2006
135726602 1		70,000.00	69,694.26	22-May-2006	8.990%	AR - 70.00%	Paid Off - 360	01-Feb-2006
135898526 2		440,000.00	436,197.88	30-May-2006	6.950%	OH - 88.89%	Paid Off - 360	01-Jan-2006
136019205 1		107,000.00	106,773.17	01-Jun-2006	9.200%	MA - 40.08%	Paid Off - 360	01-Feb-2006
136897949 1		215,100.00	214,164.98	31-May-2006	7.700%	CA - 90.00%	Paid Off - 360	01-Dec-2005
136947744 1		396,000.00	393,212.61	25-May-2006	8.350%	OH - 90.00%	Paid Off - 360	01-Jan-2006
137246948 1		153,500.00	152,821.45	23-May-2006	8.450%	NV - 92.47%	Paid Off - 360	01-Jan-2006
137367348 1		155,400.00	154,946.36	23-May-2006	8.750%	AZ - 60.94%	Paid Off - 360	01-Jan-2006
137497582 1		78,750.00	78,603.44	30-May-2006	10.990%	WI - 75.00%	Paid Off - 360	01-Jan-2006
137621843 2		88,000.00	87,784.63	31-May-2006	9.600%	FL - 33.21%	Paid Off - 360	01-Jan-2006
137728945 1		96,000.00	95,788.57	25-May-2006	10.100%	TX - 80.00%	Paid Off - 360	01-Jan-2006
137803086 1		508,000.00	506,818.07	26-May-2006	8.750%	NY - 67.73%	Paid Off - 360	01-Feb-2006
137835708 1		228,000.00	227,424.31	08-Jun-2006	9.450%	NY - 80.00%	Paid Off - 360	01-Jan-2006
137855805 1		111,510.00	111,258.65	19-May-2006	9.990%	NJ - 90.00%	Paid Off - 360	01-Jan-2006
137863684 1		101,500.00	101,251.40	01-Jun-2006	8.500%	TN - 89.82%	Paid Off - 360	01-Feb-2006
137924601 1		75,200.00	75,078.86	01-Jun-2006	10.500%	IN - 80.00%	Paid Off - 360	01-Feb-2006
137994307 1		358,400.00	357,404.30	26-May-2006	8.990%	CA - 80.00%	Paid Off - 360	01-Jan-2006
138061601 1		212,000.00	211,459.16	25-May-2006	8.300%	OR - 80.00%	Paid Off - 360	01-Feb-2006
138096904 1		101,700.00	101,496.52	24-May-2006	10.550%	NC - 90.00%	Paid Off - 360	01-Jan-2006
138126420 1		93,000.00	92,717.18	31-May-2006	8.550%	LA - 79.49%	Paid Off - 360	01-Jan-2006
138172580 1		74,000.00	73,760.79	16-May-2006	8.250%	AZ - 74.00%	Paid Off - 360	01-Jan-2006
138197124 1		175,000.00	174,630.68	02-Jun-2006	10.300%	NJ - 60.35%	Paid Off - 360	01-Jan-2006
138200506 1		93,364.00	93,118.19	15-May-2006	9.250%	OH - 79.80%	Paid Off - 360	01-Jan-2006
138291745 1		60,000.00	59,860.68	08-Jun-2006	9.850%	MI - 55.56%	Paid Off - 360	01-Jan-2006
138350400 1		100,000.00	99,714.01	16-May-2006	8.850%	PA - 80.00%	Paid Off - 360	01-Jan-2006
138362603 1		360,000.00	358,700.13	09-Jun-2006	7.700%	NJ - 90.00%	Paid Off - 360	01-Jan-2006
138364203 1		332,350.00	331,161.89	26-May-2006	7.750%	CA - 85.00%	Paid Off - 360	01-Jan-2006
138423769 1		112,500.00	112,218.87	26-May-2006	9.500%	OH - 90.00%	Paid Off - 360	01-Jan-2006
138428669 1		46,000.00	45,896.29	15-May-2006	9.990%	GA - 20.00%	Paid Off - 360	01-Jan-2006
138439229 1		214,900.00	214,076.05	16-May-2006	7.400%	CA - 58.88%	Paid Off - 360	01-Jan-2006
138503404 1		297,000.00	296,067.67	31-May-2006	8.750%	NJ - 84.86%	Paid Off - 360	01-Jan-2006
138557368 1		185,000.00	184,603.29	12-May-2006	9.150%	MA - 62.29%	Paid Off - 360	01-Feb-2006
138653381 1		330,000.00	329,329.04	01-Jun-2006	9.400%	IL - 86.84%	Paid Off - 360	01-Feb-2006
138672548 1		81,900.00	81,615.85	11-May-2006	7.900%	ME - 58.09%	Paid Off - 360	01-Jan-2006


Page 19 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 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	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

138758149 1		149,000.00	148,565.04	15-May-2006	8.750%	MD - 79.68%	Paid Off - 360	01-Jan-2006
138758149 1		149,000.00	148,565.04	15-May-2006	8.750%	MD - 79.68%	Paid Off - 360	01-Jan-2006
138769088 1		125,000.00	124,751.12	26-May-2006	9.500%	CA - 57.87%	Paid Off - 360	01-Feb-2006
138809082 1		204,500.00	201,864.04	15-May-2006	9.750%	MD - 57.12%	Paid Off - 180	01-Jan-2006
138851340 1		285,000.00	284,011.32	06-Jun-2006	7.900%	FL - 81.43%	Paid Off - 360	01-Jan-2006
138949326 1		191,391.00	191,061.78	01-Jun-2006	11.250%	NV - 90.00%	Paid Off - 360	01-Jan-2006
138950464 1		222,000.00	221,243.65	22-May-2006	7.990%	CA - 73.27%	Paid Off - 360	01-Jan-2006
138980289 1		114,150.00	113,799.27	24-May-2006	8.500%	FL - 73.65%	Paid Off - 360	01-Jan-2006
139018709 2		348,000.00	347,439.50	06-Jun-2006	10.500%	FL - 80.00%	Paid Off - 360	01-Feb-2006
139030563 1		249,999.00	249,435.50	30-May-2006	9.990%	MA - 60.59%	Paid Off - 360	01-Jan-2006
139054167 1		176,003.00	175,403.36	22-May-2006	7.990%	MO - 89.48%	Paid Off - 360	01-Jan-2006
139072201 1		207,000.00	207,000.00	19-May-2006	7.990%	MD - 90.00%	Paid Off - 360	01-Jan-2006
139144109 1		224,000.00	223,318.81	06-Jun-2006	8.550%	NJ - 52.16%	Paid Off - 360	01-Jan-2006
139145767 1		380,000.00	378,705.41	24-May-2006	7.990%	CA - 80.00%	Paid Off - 360	01-Jan-2006
139203723 1		60,000.00	59,853.17	25-May-2006	9.600%	IL - 58.82%	Paid Off - 360	01-Jan-2006
139212203 1		105,928.00	105,622.20	08-Jun-2006	7.700%	FL - 90.00%	Paid Off - 360	01-Feb-2006
139346621 1		94,000.00	93,760.13	15-May-2006	9.400%	NY - 89.52%	Paid Off - 360	01-Jan-2006
139358329 1		133,797.00	133,500.73	23-May-2006	8.990%	IL - 62.96%	Paid Off - 360	01-Feb-2006
139358865 1		143,200.00	142,942.85	08-Jun-2006	9.990%	SC - 80.00%	Paid Off - 360	01-Feb-2006
139380869 2		295,000.00	294,361.52	09-Jun-2006	9.100%	NY - 59.12%	Paid Off - 360	01-Feb-2006
139403141 1		216,000.00	215,556.57	24-May-2006	10.500%	GA - 90.00%	Paid Off - 360	01-Jan-2006
139409544 1		131,000.00	130,740.01	31-May-2006	8.800%	WI - 91.93%	Paid Off - 360	01-Jan-2006
139438568 1		60,000.00	59,874.12	18-May-2006	9.250%	CA - 21.82%	Paid Off - 360	01-Feb-2006
139539282 1		108,000.00	107,670.79	19-May-2006	8.550%	MO - 77.14%	Paid Off - 360	01-Jan-2006
139567044 1		299,540.00	298,707.79	19-May-2006	8.990%	MA - 85.00%	Paid Off - 360	01-Jan-2006
139604805 1		228,800.00	228,344.43	18-May-2006	9.500%	FL - 65.00%	Paid Off - 360	01-Feb-2006
139651566 1		77,400.00	77,187.60	24-May-2006	9.050%	NY - 90.00%	Paid Off - 360	01-Jan-2006
139652002 2		467,100.00	465,820.91	18-May-2006	7.950%	CA - 88.97%	Paid Off - 360	01-Feb-2006
139743884 1		70,000.00	69,670.09	01-Jun-2006	9.990%	IL - 33.65%	Paid Off - 360	01-Feb-2006
139753149 1		130,590.00	129,977.57	22-May-2006	7.750%	AZ - 90.00%	Paid Off - 360	01-Jan-2006
139758601 1		117,500.00	117,099.68	22-May-2006	7.990%	CA - 31.03%	Paid Off - 360	01-Jan-2006
139775985 2		549,000.00	547,347.43	12-May-2006	8.600%	NJ - 90.00%	Paid Off - 360	01-Jan-2006
139783526 1		194,725.00	194,349.32	30-May-2006	9.650%	NJ - 54.75%	Paid Off - 360	01-Feb-2006
139816326 1		124,000.00	123,743.19	18-May-2006	9.350%	MD - 80.00%	Paid Off - 360	01-Feb-2006
139827323 2		108,800.00	108,519.60	11-May-2006	8.250%	AZ - 80.00%	Paid Off - 360	01-Feb-2006
139885024 1		200,000.00	199,630.07	09-Jun-2006	9.850%	NY - 26.67%	Paid Off - 360	01-Feb-2006
139892103 1		67,500.00	67,338.02	08-Jun-2006	8.600%	IL - 84.38%	Paid Off - 360	01-Feb-2006
139935241 1		127,748.00	127,428.77	24-May-2006	9.500%	FL - 79.84%	Paid Off - 360	01-Jan-2006
139986301 1		260,625.00	260,269.01	11-May-2006	12.300%	CA - 74.46%	Paid Off - 360	01-Jan-2006
140016007 1		156,500.00	156,079.34	16-May-2006	9.150%	IL - 76.34%	Paid Off - 360	01-Jan-2006
140027822 1		108,500.00	108,217.91	23-May-2006	8.500%	MD - 77.50%	Paid Off - 360	01-Feb-2006
140038886 1		252,000.00	251,442.02	16-May-2006	8.990%	MA - 70.00%	Paid Off - 360	01-Feb-2006
140098864 1		153,500.00	153,355.07	15-May-2006	7.125%	WA - 43.86%	Paid Off - 360	01-Feb-2006
140098864 1			153,355.07		7.125%	WA - 43.86%	Paid Off - 360

Page 20 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 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	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

140148966 1		75,300.00	75,153.17	26-May-2006	9.600%	SC - 77.97%	Paid Off - 360	01-Feb-2006
140148966 1		75,300.00	75,153.17	26-May-2006	9.600%	SC - 77.97%	Paid Off - 360	01-Feb-2006
140171125 1		72,000.00	71,849.55	24-May-2006	9.350%	FL - 80.00%	Paid Off - 360	01-Feb-2006
140238668 2		143,998.00	143,507.39	01-Jun-2006	7.990%	PA - 90.00%	Paid Off - 360	01-Jan-2006
140253147 1		200,500.00	200,500.00	01-Jun-2006	6.875%	TN - 89.63%	Paid Off - 360	01-Feb-2006
140296047 1		160,000.00	160,000.00	22-May-2006	10.150%	AZ - 80.00%	Paid Off - 360	01-Feb-2006
140315144 1		198,000.00	198,000.00	22-May-2006	7.500%	FL - 90.00%	Paid Off - 360	01-Feb-2006
140316308 1		303,600.00	302,690.23	17-May-2006	7.500%	NV - 77.61%	Paid Off - 360	01-Feb-2006
140329129 1		349,500.00	348,452.69	12-May-2006	7.500%	NY - 87.38%	Paid Off - 360	01-Feb-2006
140336306 1		101,560.00	101,341.06	18-May-2006	10.200%	IL - 88.31%	Paid Off - 360	01-Jan-2006
140346685 1		98,000.00	97,765.49	31-May-2006	9.300%	AL - 70.00%	Paid Off - 360	01-Feb-2006
140359407 1		287,000.00	286,237.52	02-Jun-2006	8.100%	CA - 53.65%	Paid Off - 360	01-Feb-2006
140385188 1		285,000.00	285,000.00	16-May-2006	8.990%	NJ - 70.37%	Paid Off - 360	01-Feb-2006
140445503 1		193,000.00	193,000.00	23-May-2006	8.650%	RI - 77.20%	Paid Off - 360	01-Feb-2006
140463860 1		219,200.00	218,603.83	22-May-2006	7.990%	CA - 73.07%	Paid Off - 360	01-Feb-2006
140493602 1		199,614.00	199,232.93	01-Jun-2006	9.700%	DE - 90.00%	Paid Off - 360	01-Feb-2006
140528605 1		69,600.00	69,509.23	06-Jun-2006	11.800%	OH - 80.00%	Paid Off - 360	01-Feb-2006
140537820 1		149,500.00	149,037.62	08-Jun-2006	7.850%	NV - 52.46%	Paid Off - 360	01-Feb-2006
140555962 1		298,440.00	297,750.47	06-Jun-2006	9.200%	MA - 90.00%	Paid Off - 360	01-Feb-2006
140595448 1		140,500.00	140,247.71	24-May-2006	9.990%	NJ - 80.52%	Paid Off - 360	01-Feb-2006
140595661 1		60,000.00	59,920.44	08-Jun-2006	11.400%	MA - 45.84%	Paid Off - 360	01-Feb-2006
140649526 1		117,350.00	117,004.74	18-May-2006	7.600%	AZ - 50.21%	Paid Off - 360	01-Feb-2006
140673526 1		76,800.00	76,643.82	01-Jun-2006	9.400%	OH - 80.00%	Paid Off - 360	01-Feb-2006
140718628 1		189,500.00	188,985.22	08-Jun-2006	7.990%	IA - 93.58%	Paid Off - 360	01-Feb-2006
140721382 1		93,337.00	93,337.00	25-May-2006	8.300%	AZ - 71.41%	Paid Off - 360	01-Feb-2006
140724162 1		66,800.00	66,701.30	24-May-2006	10.900%	FL - 49.48%	Paid Off - 360	01-Feb-2006
140724287 1		72,117.00	71,964.13	31-May-2006	9.200%	NY - 90.00%	Paid Off - 360	01-Feb-2006
140740747 1		235,800.00	235,305.33	01-Jun-2006	9.250%	IL - 90.00%	Paid Off - 360	01-Feb-2006
140801788 2		742,500.00	742,500.00	31-May-2006	10.550%	NY - 90.00%	Paid Off - 360	01-Feb-2006
140860487 1		86,250.00	86,087.02	01-Jun-2006	9.750%	LA - 75.00%	Paid Off - 360	01-Feb-2006
140860982 1		101,084.00	100,981.21	16-May-2006	12.600%	NJ - 80.00%	Paid Off - 360	01-Feb-2006
140867482 2		537,000.00	536,197.87	01-Jun-2006	10.850%	FL - 64.86%	Paid Off - 360	01-Feb-2006
140877648 1		199,750.00	199,141.37	31-May-2006	7.990%	FL - 85.00%	Paid Off - 360	01-Feb-2006
140921909 1		265,500.00	264,907.23	29-May-2006	8.950%	CA - 79.73%	Paid Off - 360	01-Feb-2006
140944406 1		123,000.00	122,716.29	24-May-2006	8.800%	FL - 58.29%	Paid Off - 360	01-Feb-2006
140953761 1		80,000.00	79,791.70	17-May-2006	8.200%	FL - 40.20%	Paid Off - 360	01-Feb-2006
140973785 1		405,000.00	403,987.63	05-Jun-2006	8.400%	NY - 90.00%	Paid Off - 360	01-Feb-2006
141025742 1		110,000.00	109,811.08	11-May-2006	10.200%	GA - 88.71%	Paid Off - 360	01-Feb-2006
141028308 1		183,000.00	182,757.41	25-May-2006	11.400%	AZ - 64.66%	Paid Off - 360	01-Feb-2006
141036020 1		207,000.00	206,617.35	01-Jun-2006	9.900%	NJ - 90.00%	Paid Off - 360	01-Feb-2006
141048702 1		75,600.00	75,412.92	22-May-2006	8.450%	FL - 30.24%	Paid Off - 360	01-Feb-2006
141064469 1		88,000.00	87,738.90	09-Jun-2006	7.550%	FL - 82.35%	Paid Off - 360	01-Feb-2006
141075523 1		178,500.00	178,500.00	08-Jun-2006	6.875%	WA - 70.44%	Paid Off - 360	01-Feb-2006
141075523 1			178,500.00		6.875%	WA - 70.44%	Paid Off - 360

Page 21 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 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	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

141083329 2		575,000.00	573,726.81	31-May-2006	8.990%	GA - 65.71%	Paid Off - 360	01-Feb-2006
141083329 2		575,000.00	573,726.81	31-May-2006	8.990%	GA - 65.71%	Paid Off - 360	01-Feb-2006
141118224 1		408,000.00	407,089.07	18-May-2006	8.950%	NY - 80.00%	Paid Off - 360	01-Feb-2006
141130500 1		242,000.00	241,565.46	01-Jun-2006	9.990%	IL - 67.22%	Paid Off - 360	01-Feb-2006
141131722 1		194,000.00	193,357.05	01-Jun-2006	6.990%	FL - 71.04%	Paid Off - 360	01-Feb-2006
141137620 1		85,000.00	84,839.40	23-May-2006	9.750%	LA - 85.00%	Paid Off - 360	01-Feb-2006
141191981 1		165,500.00	165,090.48	01-Jun-2006	8.450%	FL - 82.75%	Paid Off - 360	01-Feb-2006
141243642 1		112,500.00	112,361.87	18-May-2006	11.750%	TX - 75.00%	Paid Off - 360	01-Feb-2006
141247361 1		110,700.00	110,513.87	02-Jun-2006	10.300%	NJ - 58.26%	Paid Off - 360	01-Feb-2006
141302141 1		183,772.00	183,365.10	01-Jun-2006	8.990%	FL - 69.35%	Paid Off - 360	01-Feb-2006
141329565 1		275,000.00	274,526.66	31-May-2006	10.200%	CT - 78.57%	Paid Off - 360	01-Feb-2006
141359323 1		203,500.00	202,975.55	24-May-2006	8.250%	OR - 74.00%	Paid Off - 360	01-Feb-2006
141433441 1		247,000.00	247,000.00	17-May-2006	7.550%	IL - 95.00%	Paid Off - 360	01-Feb-2006
141476382 1		85,000.00	85,000.00	17-May-2006	8.400%	MD - 34.01%	Paid Off - 360	01-Feb-2006
141521104 1		122,400.00	122,115.19	19-May-2006	8.750%	FL - 90.00%	Paid Off - 360	01-Feb-2006
141534941 1		225,080.00	224,392.00	30-May-2006	7.400%	MD - 85.00%	Paid Off - 360	01-Feb-2006
141550764 1		233,760.00	233,151.39	25-May-2006	8.200%	CA - 80.00%	Paid Off - 360	01-Feb-2006
141551580 1		312,500.00	312,500.00	12-May-2006	6.990%	MD - 58.29%	Paid Off - 360	01-Feb-2006
141565283 1		262,000.00	261,214.87	15-May-2006	7.500%	MD - 67.18%	Paid Off - 360	01-Feb-2006
141672287 1		195,000.00	194,416.11	30-May-2006	8.450%	MD - 61.91%	Paid Off - 360	01-Feb-2006
141722801 1		120,775.00	120,539.50	18-May-2006	9.650%	AR - 71.25%	Paid Off - 360	01-Feb-2006
141750265 1		552,000.00	552,000.00	05-Jun-2006	7.900%	NY - 80.00%	Paid Off - 360	01-Feb-2006
141869362 2		75,000.00	74,865.32	02-Jun-2006	9.990%	NJ - 21.06%	Paid Off - 360	01-Feb-2006
141886325 1		137,500.00	137,220.43	05-Jun-2006	9.400%	CT - 76.39%	Paid Off - 360	01-Feb-2006
141933325 1		189,000.00	188,657.72	01-Jun-2006	9.950%	FL - 89.53%	Paid Off - 360	01-Feb-2006
141943563 1		397,000.00	395,786.50	11-May-2006	7.400%	MD - 87.48%	Paid Off - 360	01-Feb-2006
141989665 1		202,500.00	202,121.67	31-May-2006	8.400%	FL - 75.00%	Paid Off - 360	01-Mar-2006
141996488 1		265,500.00	265,259.39	23-May-2006	11.800%	CA - 90.00%	Paid Off - 360	01-Mar-2006
142002161 2		190,000.00	189,670.21	02-Jun-2006	10.150%	NY - 42.22%	Paid Off - 360	01-Feb-2006
142110725 1		151,000.00	150,625.72	17-May-2006	6.990%	CA - 57.13%	Paid Off - 360	01-Mar-2006
142168269 1		216,899.00	216,394.35	01-Jun-2006	8.750%	NJ - 90.00%	Paid Off - 360	01-Feb-2006
142186220 1		126,931.00	126,586.17	18-May-2006	7.990%	MD - 89.80%	Paid Off - 360	01-Feb-2006
142248863 1		163,795.00	163,253.40	02-Jun-2006	8.550%	NJ - 36.76%	Paid Off - 360	01-Feb-2006
142373224 1		183,000.00	182,665.02	23-May-2006	8.500%	NJ - 87.14%	Paid Off - 360	01-Mar-2006
142517507 1		74,000.00	73,816.38	01-Jun-2006	9.750%	FL - 64.35%	Paid Off - 360	01-Mar-2006
142528280 1		250,600.00	250,159.78	09-Jun-2006	8.700%	MD - 70.00%	Paid Off - 360	01-Mar-2006
143151207 1		150,500.00	150,230.96	01-Jun-2006	8.700%	MD - 72.71%	Paid Off - 360	01-Mar-2006
143212827 1		168,000.00	167,774.69	12-May-2006	9.990%	AZ - 70.00%	Paid Off - 360	01-Mar-2006
143403426 1		282,000.00	281,361.89	24-May-2006	7.450%	CA - 59.37%	Paid Off - 360	01-Mar-2006
143864445 1		177,300.00	177,095.74	23-May-2006	10.700%	NJ - 90.00%	Paid Off - 360	01-Mar-2006


TOTAL	31,258,437.00	31,182,955.79

Page 22 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



		Group 2	Group 1	Total


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. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 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. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 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. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 26 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date Occurred? (0=No,1=Yes)

Certificate Principal Balance of Class A Certificates

1,092,816,204.70

Distribution Date occuring in March 2009

Credit Enhancement Percentage (For Stepdown Date)

24.1351%

Applicable Percentage

45.0000%

Trigger Event In Effect? (0=No,1=Yes)

60+ days Delinquency Balance

14,212,480.22

Ending Pool Balance

219,348,674.70

1,179,030,494.53

1,398,379,169.23

Delinquency Percentage

1.0164%

Prior Balance of Mezzanine and C Class

337,500,223.05

Prior Pool Balance

224,576,023.21

1,205,740,504.54

1,430,316,527.75

Prior Credit Enhancement Percentage

23.5962%

Applicable % of Prior Credit Enhancement Percentage

35.5000%

Cumulative Realized Loss

0.00

Realized Loss Percentage

0.0000%

Applicable % (On and After Stepdown Date)

100.0000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Current LIBOR Rate

5.081250%

Next LIBOR Rate

5.322500%

LIBOR Rate Determination Date

05/23/2006

Next LIBOR Rate Determination Date

06/22/2006

A. Custodial Account Balances as of Determination Date

30,350,945.60

B. Distribution Account Balance

0.18

C. Advances:

1. P&I Advances

802,845.89

2. Escrow Advances

337,600.26

3. Corporate Advances

10,934.38

Page 27 of 28

Ameriquest Mortgage Securities, Inc. 2006-R1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

	A-1	5.528%	$0.00	$0.00
		5.528%	$0.00	$0.00
	A-2A	5.403%	$0.00	$0.00
		5.403%	$0.00	$0.00
	A-2B	5.463%	$0.00	$0.00
		5.463%	$0.00	$0.00
	A-2C	5.513%	$0.00	$0.00
		5.513%	$0.00	$0.00
	A-2D	5.613%	$0.00	$0.00
		5.613%	$0.00	$0.00
	M-1	5.713%	$0.00	$0.00
		5.713%	$0.00	$0.00
	M-2	5.733%	$0.00	$0.00
		5.733%	$0.00	$0.00
	M-3	5.763%	$0.00	$0.00
		5.763%	$0.00	$0.00
	M-4	5.883%	$0.00	$0.00
		5.883%	$0.00	$0.00
	M-5	5.913%	$0.00	$0.00
		5.913%	$0.00	$0.00
	M-6	6.043%	$0.00	$0.00
		6.043%	$0.00	$0.00
	M-7	6.573%	$0.00	$0.00
		6.573%	$0.00	$0.00
	M-8	6.873%	$0.00	$0.00
		6.873%	$0.00	$0.00
	M-9	7.823%	$0.00	$0.00
		7.823%	$0.00	$0.00
	M-10	7.823%	$0.00	$0.00
		7.823%	$0.00	$0.00
	M-11	7.823%	$0.00	$0.00
		7.823%	$0.00	$0.00
	CE	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	P	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	R	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00
	R-X	0.000%	$0.00	$0.00
		0.000%	$0.00	$0.00






Page 28 of 28

Ameriquest Mortgage Securities Trust 2006-R1, Asset-Backed Pass-Through Certificates, Series 2006-R1 10-D