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):  May 27, 2003


                      AMERIQUEST MORTGAGE SECURITIES INC.
          (as depositor, Ameriquest Mortgage Company, Master Servicer,
             and Deutsche Bank National Trust Company, as Trustee).

            AMERIQUEST MORTGAGE SEC INC ASSET BCK PS THR CERT SER 2003-3
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-103335-01                          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


     Item 5.  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 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
     May 27, 2003.




                                     SIGNATURE


               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,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of March 1,2003.


          Date:  Jun 02, 2003               By:  /s/ David Co
                                            David Co
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of May 27, 2003.






			

< TD ALIGN="center">< TR VALIGN="bottom">< TD ALIGN="center">Page 9 of 25< TD ALIGN="right">< TD ALIGN="right"> - < TD ALIGN="right">0.00%< TD ALIGN="right">< /TR>< TR VALIGN="bottom">< /TR>< TD ALIGN="left"> Group 1< TD ALIGN="center">< TD ALIGN="right">< TD ALIGN="right">< TD ALIGN="left">< /TR>

	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	May 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report	< FONT SIZE="-1" FACE="Times New Roman">			7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15 < /TD>
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				21
			12.	Realized Loss Detail Report				24
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
				Total Number of Pages				25
			CONTACTS
				Administrator: Valerie Delgado
		&n bsp;		Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777		& nbsp;
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	< FONT SIZE="-1" FACE="Times New Roman">
	Seller:		Ameriquest Mtg Sec Inc					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):			;				Closing Date: March 7, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		Ameriquest Mortgage Corp Master Servicer		< /TD>
								Distribution Date: May 27, 2003
	Underwriter(s):		UBS Warburg Underwriter					Record Date: May 23, 2003		&n bsp;
								April 30, 2003
	;
				& nbsp;
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	REMIC III
	Certificate Payment Repo rt for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class< /FONT>	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
AF-1		162,938,000.00	161,744,304.34	480,245.80	1,032,341.27	1,512,587.07	-	-	160,711,963.07
AV-1		624,674,000.00			617,711,289.30	949,902.69	6,825,274.42	7,775,177.11	-	-	610,886,014.88
AV-2		111,636,000.00			109,034,048.73	159,916.60	1,348,482.51	1,508,399.11	-	-	107,685,566.22
M-1		71,500,000.00			71,500,000.00	134,737.78	-	134,737.78	-	-	71,500,000.00
M-2		57,750,000.00			57,750,000.00	162,726.67	-	162,726.67	-	-	57,750,000.00
M-3		30,250,000.00			30,250,000.00	112,126.67	-	112,126.67	-	-	30,250,000.00
M-4		13,750,000.00			13,750,000.00	61,966.67	-	61,966.67	-	-	13,750,000.00
S		-			-	470,000.00	-	470,000.00	-	-	-
CE		27,494,968.92			27,499,944.00	4,333,609.38	-	4,333,609.38	-	-	27,499,944.00
P		100.00			100.00	106,541.66	-	106,541.66	-	-	100.00
R		-			-	-	-	-	-	-	-
Total		1,099,993,068.92			1,089,239,686.37	6,971,773.92	9,206,098.20	16,177,872.12	-	-	1,080,033,588.17
			&nbs p;
	Interest Accrual Detail			&nbs p;	Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
AF-1				A-Act/360	03072SFD2	162,938,000.00	992.673927	2.947414	6.335792	9.283206	986.338135
AV-1	04/25/03	05/26/03		A-Act/360	03072SFL4	6 24,674,000.00	988.853849	1.520637	10.926138	12.446776	977.927711
AV-2	04/25/03	05/26/03		A-Act/360	03072SFE0	111,636,000.00	976.692543	1.432482	12.079280	13.511762	964.613263
M-1	04/25/03	05/26/03		A-Act/360	03072SFG5	71,500,000.00	1,000.000000	1.884444	-	1.884444	1,000.000000
M-2	04/25/03	05/26/03		A-Act/360	03072SFH3	57,750,000.00	1,000.000000	2.817778	-	2.817778	1,000.000000
M-3	04/25/03	05/26/03		A-Act/360	03072SFJ9	30,250,000.00	1,000.000000	3.706667	-	3.706667	1,000.000000
M-4	04/25/03	05/26/03		A-Act/360	03072SFK6	13,750,000.00	1,000.000000	4.506667	-	4.506667	1,000.000000
S				A-30/360	03072SFF7	112,800,000.00	1,000.000000	4.166667	-	4.166667	1,000.000000
CE				A-30/360		27,494,968.92	1,000.180945	157.614631	-	157.614631	1,000.180945
P				A-30/360		100.00	1,000.000000	1,065,416.600000	-	1,065,416.600000	1,000.000000
R				A-30/360		-	-	-	-	-	-
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortg age Pass-Through Certificates
	REMIC III
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	S cheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
AF-1	162,938,000.00		964,035.88		2,039,764.50	186,272.43	2,226,036.93	3,190,072.81	-	-	160,711,963.07
AV-1	624,674,000.00		2,428,276.13		12,628,560.68	1,159,424.44	13,787,985.12	16,216,261.25	-	-	610,886,014.88
AV-2	111,636,000.00		411,962.00		3,626,216.38	324,217.40	3,950,433.78	4,362,395.78	-	-	107,685,566.22
M-1< /FONT>	71,500,000.00		341,906.55		-	-	-	341,906.55	-	-	71,500,000.00
M-2	57,750,000.00		412,589.66		-	-	-	412,589.66	-	-	57,750,000.00
M-3	30,250,000.00	284,180.90		-	-	-	284,180.90	-	-	30,250,000.00
M-4	13,750,000.00		157,016.89		-	-	-	157,016.89	-	-	13,750,000.00
S	-		940,000.00		-	-	-	940,000.00	-	-	-
CE	27,494,968.92		7,864,057.17		-	-	-	7,864,057.17	-	4,975.08	27,499,944.00
P	100.00		196,627.50		-	-	-	196,627.50	-	-	100.00
R	-		-		-	-	-	-	-	-	-
							< /TD>
Total	1,099,993,068.92		14,000,652.68		18,294,541.56	1,669,914.27	19,964,455.83	33,965,108.50	-	4,975.08	1,080,033,588.17
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
		& nbsp;
AF-1	3.56300%	161,744,304.34			480,245.80	-	-	-	480,245.80	480,245.80	-
AV-1	1.73000%	617,711,289.30			949,902.69	-	-	-	949,902.69	949,902.69	-
AV-2	1.65000%	109,034,048.73			159,916.60	-	-	-	159,916.60	159,916.60	-
M-1	2.12000%	71,500,000.00			134,737.78	-	-	-	134,737.78	134,737.78	-
M-2	3.17000%	57,750,000.00			162,726.67	-	-	< FONT FACE="Times New Roman" SIZE=-1> -	162,726.67	162,726.67	-
M-3	4.17000%	30,250,000.00			112,126.67	-	-	-	112,126.67	112,126.67	-
M-4	5.07000%	13,750,000.00			61,966.67	-	-	-	61,966.67	61,966.67	-
S	5.00000%	112,800,000.00			470,000.00	-	-	-	470,000.00	470,000.00	-
CE		27,499,944.00			4,333,609.38	-	-	-	4,3 33,609.38	4,333,609.38	-
P		100.00			106,541.66	-	-	-	106,541.66	106,541.66	-
R		-			-	-	-	-	-	-	-
Total		1,202,039,686.37			6,971,773.92	-	-	-	6,971,773.92	6,971,773.92	-
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				1,348,482.51	1,032,341.27	6,825,275.17	9,206,098.95
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				1,348,482.51	1,032,341.27	6,825,275.17	9,206,098.95
	Interest Collections				815,857.06	1,181,747.84	4,944,514.71	6,942,119.61
	Interest Withdr awals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	106,541.66
	Interest Fees			< /FONT>	(9,817.06)	(14,473.41)	(52,597.62)	(76,888.10)
	TOTAL NET INTEREST				806,040.00	1,167,274.43	4,891,917.09	6,971,773.17
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				2,154,522.51	2,199,615.70	11,717,192.26	16,177,872.12
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received				98,722.59	184,790.60	551,678.57	835,191.76
	Prepayments In Full				1,249,756.02	828,050.83	5,864,003.46	7,941,810.31			< /FONT>
	Curtailments				3.90	19,499.84	47,280.55	66,784.29
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0.00	0.00	362,311.84	362,311.84
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00 < /TD>	0.00	0.00
	Delinquent Principal				(81,042.91)	(153,377.06)	(458,542.41)	(692,962.38)
	Advanced Principal				81,042.91	153,377.06	458,542.41	692,962.38
	TOTAL PRINCIPAL COLLECTED				1,348,482.51	1,032,341.27	6,825,275.17	9,206,098.95
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	TOTAL OTHER ACCOUNTS PRINCIPAL				0.00	0.00	0.00	0.00
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				862,078.61	1,250,153.32	5,206,001.92	7,318,233.85
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				0.00	0.00	2,869.94	2,869.94
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Relief Act Interest Shortfalls				0 .00	0.00	(207.02)	(207.02)
	Prepayment Interest Shortfalls				(1,916.12)	(825.65)	(5,383.15)	(8,124.92)
	Compensating Interest				1,916.12	825.65	5,383.15	8,124.92
	Delinquent Interest				(715,818.76)	(1,035,997.41)	(4,385,717.99)	(6,137,534.16)
	Interest Advanced				669,597.21	967,591.93	4,121,567.86	5,758,757.00
	TOTAL INTEREST COLLECTED				815,857.06	1,181,747.84	4,944,514.71	6,942,119.61
	& nbsp;
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00			&n bsp;
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS					GROU P 3	GROUP 2	GROUP 1	TOTAL
	Prepayment Charges							106,541.66
	Master Servicer Prepayment Charges				0.00	0.00	0.00	0.00
	Capitalized Interest Deposit				0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER ACCOUNTS				0.00	0.00	0.00	106,541.66
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				9,593.80	14,143.22	51,335.68	75,072.70
	Trustee Fee				223.26	330.19	1,261.94	1,815.40
	PMI Fees				0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER FEES				9,817.06	14,473.41	52,597.62	76,888.10
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					GROUP 3	GR OUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Reserve Account		< /FONT>					1,000.00
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOT AL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Overcollateralized Amount							27,499,944.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							0.00
	Overcollateralization Target Amount							27,499,944.00
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							0.00
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3										&nb sp;
	Mortgage Pass-Through Certificates
	C ollateral Report for May 27, 2003 Distribution
											& nbsp;
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				343	1210	5378	6931
	Prior				337	1,202	5,337	6,876
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(3)	(5)	(30)	(38)
	Repurchases	&nbs p;			-	-	(2)	(2)
	Liquidations				-	-	-	-
	Current				334	1,197	5,305	6,836
			< /FONT>
	Principal Balance:
	Original				136,557,596.02	199,310,032.69	764,125,440.21	1,099,993,068.92
	Prior				133,956,847.99	198,116,889.04	757,165,949.34	1,089,239,686.37
	Prefunding				-	-	-	-
	Scheduled Principal				(98,722.59)	(184,790.60)	(551,678.57)	(835,191.76)
	Partial and Full Voluntary Prepayments				(1,249,759.92)	(847,550.67)	(5,911,284.01)	(8,008,594.60)
	Repurchases				-	-	(362,311.84)	(362,311.84)
	Liquidations				-	-	-	-
	Current				132,608,365.48	197,084,547.77	750,340,674.92	1,080,033,588.17
											&nbs p;
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTI ONALLY LEFT BLANK
	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
< /FONT>
	Collateral Report for May 27, 2003 Distribution
	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				7.745807%	7.576709%	8.266778%	8.077067%
	Weighted Average Coupon Prior				7.745807%	7.576709%	8.266778%	8.077067%
	Weighted Average Coupon Current				7.722594%	7.572217%	8.255319%	8.065557%
	Weighted Average Months to Maturity Original				358	342	352	351
	Weighted Average Months to Maturity Prior				358	342	352	351
	Weighted Average Months to Maturity Current				357	341	351	350
	Weighted Avg Remaining Amortization Term Original				357	341	352	351
	Weighted Avg Remaining Amortization Term Prior				357	341	352	351
	Weighted Avg Remaining Amortization Term Current				356	340	351	350
	Weighted Average Seasoning Original				2.00	2.13	2.21	2.17
	Weighted Average Seasoning Prior				2.00	2.13	2.21	2.17
	Weighted Average Seasoning Current				3.00	3.13	3.21	3.17
Note: Original information refers to deal issue.
	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
							© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Coll ateral Report for May 27, 2003 Distribution
											&nbs p;
	Collateral Report
								&n bsp;
ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original				6.240%		5.271%
	Weighted Average Margin Prior				6.240%		5.271%
	Weighted Average Margin Current				6.243%		5.270%
	Weighted Average Max Rate Original				13.746%	0.017%	12.207%
	Weighted Average Max Rate Prior				13.746%	0.017%	12.207%
	Weighted Average Max Rate Current				13.726%	0.017%	12.195%
	Weighted Average Min Rate Original				7.746%	0.017%	7.107%
	Weighted Average Min Rate Prior				7.746%	0.017%	7.107%
	Weighted Average Min Rate Current				7.726%	0.017%	7.096%
	Weighted Average Cap Up Original				1.000%		0.850%
	Weighted Average Cap Up Prior				1.000%		0.850%
	Weighted Average Cap Up Current				1.000%		0.850%
	Weighted Average Cap Down Original				1.000%		0.850%
	Weighted Average Cap Down Prior				1.000%		0.850%
	Weighted Average Cap Down Current				1.000%		0.850%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				9,593.80	14,143.22	51,335.68 < /TD>	75,072.70
	Delinquent Servicing Fees				46,221.55	68,405.48	264,150.13	378,777.16
	TOTAL SERVICING FEES				55,815.35	82,548.70	315,485.81	453,849.86
	Compensating Interest				(1,916.12)	(825.65)	(5,383.15)	(8,124.92)
	Delinquent Servicing Fees			(46,221.55)	(68,405.48)	(264,150.13)	(378,777.16)
	COLLECTED SERVICING FEES				7,677.68	13,317.57	45,952.53	66,947.78
	Aggregate Advances with respect to this Distribution				750,640.12	1,120,968.99	4,580,110.27	6,451,719.38
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
									< FONT SIZE="-1" FACE="Arial">
	Net Prepayment Interest Shortfall				0.00	0.00	0.00	0.00
	Aggregate Relief Act Shortfalls							207.02
				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution								< FONT SIZE="-1" FACE="Arial">
	Delinquency Report - Total
									;
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,073,293.00	490,182.95	-	4,563,475.95
		% Balance			0.38%	0.05%	0.00%	0.42%
		# Loans			27	3	-	30
	& nbsp;	% # Loans			0.39%	0.04%	0.00%	0.44%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		395,239.09	89,955.78	-	-	485,194.87
		% Balance		0.04%	0.01%	0.00%	0.00%	0.04%
		# Loans		4	1	-	-	5
		% # Loans		0.06%	0.01%	0.00%	0.00%	0.07%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		395,239.09	4,163,248.78	490,182.95	-	5,048,670.82
		% Balance		0.04%	0.39%	0.05%	0.00%	0.47%
		# Loans		4	28	3	-	35
		% # Loans		0.06%	0.41%	0.04%	0.00%	0.51%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			3,258,154.96	490,182.95	-	3,748,337.91		< FONT SIZE="-1" FACE="Arial">
		% Balance			0.43%	0.07%	0.00%	0.50%
		# Loans			25	3	-	28
		% # Loans			0.47%	0.06%	0.00%	0.53%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		395,239.09	89,955.78	-	-	485,194.87
		% Balance		0.05%	0.01%	0.00%	0.00%	0.06%
		# Loans		4	1	-	-	5
		% # Loans		0.08%	0.02%	0.00%	0.00%	0.09%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		395,239.09	3,348,110.74	490,182.95	-	4,233,532.78
		% Balance		0.05%	0.45%	0.07%	0.00%	0.56%
		# Loans		4	26	3	-	33
		% # Loans		0.08%	0.49%	0.06%	0.00%	0.62%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%			;
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Bala nce		-	-	-	-	-
		% B alance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: <1 Payment = 0-29 days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
	;							6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			815,1 38.04	-	-	815,138.04
		% Balance			0.61%	0.00%	0.00%	0.61%
		# Loans			2	-	-	2
		% # Loans			0.60%	0.00%	0.00%	0.60%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	815,138.04	-	-	815,138.04
		% Balance		0.00%	0.61%	0.00%	0.00%	0.61%
		# Loans		-	2	-	-	2
		% # Loans		0.00%	0.60%	0.00%	0.00%	0.60%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 14 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	REO Report for May 27, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
							< /FONT>
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group; REO Book Value = 000.00
REO Book Value = 000.00
			< /FONT>
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 15 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Foreclosure Report for May 27, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group							& nbsp;
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
< FONT SIZE="-1" FACE="Times New Roman">Total Current Balance = 000.00				Loan Group 3 = Group 3 Group
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Curren t
	Number of Paid in Full Loans				3	5	30	38
	Number of Repurchased Loans				-	-	2	2
	Total Number of Loans Prepaid in Full				3	5	32	40
	Paid in Full Balance				1,249,756.02	828,050.83	5,864,003.46	7,941,810.31
	Repurchased Loans Balance				-	-	362,311.84	362,311.84
	Curtailments Amount				3.90	19,499.84	47,280.55	66,784.29
	Total Prepayment Amount				1,249,759.92	847,550.67	6,273,595.85	8,370,906.44
	Cumulative
	Number of Paid in Full Loans				9	8	55	72
	Number of Repurchased Loans				-	5	18	23
	Total Number of Loans Prepaid in Full				9	13	73	95
	Paid in Full Balance				3,742,372.46	1,182,884.29	10,173,280.72	15,098,537.47
	Repurchased Loans Balance				-	623,257.11	2,326,021.50	2,949,278.61
	Curtailments Amount				9,546.72	50,037.10	182,166.58	241,750.40
	Total Prepayment Amount				3,751,919.18	1,856,178.50	12,681,468.80	18,289,566.48
&nb sp;
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups ( in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank		& nbsp;
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	&n bsp;
VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL
				&nb sp;
	SMM				0.93%	0.43%	0.83%	0.77%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.38%	0.47%	0.83%	0.84%
	CPR				10.65%	5.02%	9.51%	8.85%
	3 Months Avg CPR
	12 Months Avg CPR			;
	Avg CPR Since Cut-off				15.41%	5.47%	9.56%	9.58%
	PSA				1775.16%	802.50%	1481.66%	1396.54%
	3 Months Avg PSA Approximation										&n bsp;
	12 Months Avg PSA Approximation
< /TD>	Avg PSA Since Cut-off Approximation				3083.15%	1038.97%	1763.83%	1793.97%
			< /TD>
	Group 1		Group 3
	Group 2
											< /FONT>
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 25				© COPYRIGHT 2003 Deutsche Bank	&nbs p;
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
		Group 3
	Group 2
CPR Avg since Cut-Off by Groups	Total CPR Avg since Cut-Off
									& nbsp;
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m )
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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 19 of 25				© COPYRIGHT 2003 Deutsche Bank
						< /TD>
										< FONT SIZE="-1" FACE="Arial">
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 40						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 8 ,369,121.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 8,304,122.15						Loan Group 3 = Group 3 Group
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
38862652 1			200,001.00	199,513.55	May-06-03	10.500%	NY - 63.49%	Paid Off - 360	Sep-30-02
39380431 1			296,000.00	295,062.38	Apr-24-03	8.350%	MA - 80.00%	Paid Off - 360	Oct-03-02
39495866 1			112,500.00	112,244.04	May-05-03	9.950%	CA - 75.00%	Paid Off - 360	Oct-31-02
39834551 1			148,600.00	148,289.21	Apr-16-03	9.500%	MA - 56.08%	Paid Off - 360	Nov-21-02
39877410 1			210,000.00	209,354.83	May-02-03	8.500%	NY - 70.00%	Paid Off - 360	Oct-23-02
40219966 1			162,000.00	161,754.06	Apr-28-03	10.775%	MN - 67.50%	Paid Off - 360	Nov-13-02
40388563 1			220,000.00	219,473.71	Apr-17-03	8.615%	WI - 78.57%	Paid Off - 360	Nov-30-02
40470171 1			325,000.00	324,528.97	May-05-03	10.990%	NY - 74.71%	Paid Off - 360	Nov-26-02
40472375 1			318,750.00	317,794.84	Apr-30-03	7.500%	PA - 85.00%	Paid Off - 360	Nov-27-02
40768525 1			152,000.00	151,700.81	Apr-16-03	9.555%	ME - 60.80%	Paid Off - 360	Nov-27-02
41255845 1			73,000.00	72,959.83	May-07-03	12.200%	NY - 78.50%	Paid Off - 360	Jan-10-03
41505850 1			126,000.00	125,789.87	May-07-03	6.999%	CA - 90.00%	Paid Off - 360	Jan-16-03
41961053 1			234,650.00	234,317.69	May-07-03	7.750%	UT - 95.00%	Paid Off - 360	Jan-15-03
42083402 1			267,500.00	267,057.31	Apr-30-03	6.990%	FL - 76.43%	Paid Off - 360	Jan-15-03
42099994 1			182,750.00	182,548.86	Apr-28-03	8.999%	SC - 85.00%	Paid Off - 360	Jan-15-03
42170084 1			185,500.00	185,379.26	May-07-03	8.150%	MA - 70.00%	Paid Off - 360	Feb-11-03
42230102 1			298,000.00	297,855.03	Apr-14-03	12.750%	WA - 87.65%	Paid Off - 360	Jan-28-03
42262873 1			148,000.00	147,756.17	Apr-16-03	6.990%	MI - 59.92%	Paid Off - 360	Jan-21-03
42312645 1			245,500.00	245,216.47	May-07- 03	8.750%	OH - 92.99%	Paid Off - 360	Jan-27-03
42334599 1			155,000.00	154,757.43	Apr-11-03	7.250%	PA - 77.50%	Paid Off - 360	Jan-15-03
42379552 1			144,000.00	93,774.64	Apr-21-03	7.250%	IL - 90.00%	Paid Off - 360	Jan-31-03
42386474 1			280,500.00	280,299.04	Apr-18-03	11.000%	CA - 86.84%	Paid Off - 360	Jan-31-03
42436881 1			161,500.00	161,377.42	Apr-29-03	10.750%	MD - 85.00%	Paid Off - 360	Jan-28-03
42591677 1			93,000.00	92,839.40	May-06-03	6.750%	MA - 67.88%	Paid Off - 360	Feb-03-03
42780007 1			225,000.00	224,558.56	Apr-17-03	6.090%	CA - 58.44%	Paid Off - 360	Jan-28-03
42939843 1			261,000.00	260,488.90	May-05-03	6.999%	NJ - 88.18%	Paid Off - 240	Feb-07-03
43003086 1			322,700.00	322,389.56	May-08-03	9.625%	NJ - 84.92%	Paid Off - 360	Jan-30-03
43040815 1			64,000.00	63,938.75	May-09-03	9.650%	IA - 83.12%	Paid Off - 360	Jan-31-03
43142470 1			175,500.00	175,367.27	May-05-03	10.750%	MN - 83.57%	Paid Off - 360	Jan-31-03
43222033 1			136,000.00	135,615.60	May-01-03	8.250%	CO - 41.85%	Paid Off - 180	Feb-11-03
38856522 2			127,500.00	126,368.82	Apr-28-03	9.250%	RI - 84.44%	Paid Off - 240	Sep-27-02
38952891 2			175,500.00	174,998.62	May-05-03	9.750%	MN - 88.19%	Paid Off - 360	Sep-23-02
41413352 2			308,000.00	307,192.13	Apr-22-03	6.700%	MN - 94.77%	Paid Off - 360	Dec-20-02
42374314 2			148,500.00	147,559.43	Apr-15-03	6.990%	IL - 90.00%	Paid Off - 180	Jan-29-03
42464867 2			72,000.00	71,931.83	Apr-17-03	9.700%	NM - 90.00%	Paid Off - 360	Jan-31-03
42086371 3			480,000.00	479,573.45	Apr-14-03	9.999%	IL - 75.00%	Paid Off - 360	Jan-24-03
42100529 3			359,000.00	358,827.31	Apr-16-03	12.800%	CA - 87.14%	Paid Off - 360	Jan-30-03
42450726 3			412,000.00	411,355.26	Apr-30-03	7.250%	CA - 82.40%	Paid Off - 360	Jan - -29-03
41802844 1			64,320.00	64,262.84	May-08-03	9.999%	OH - 77.49%	Repur/Subs - 360	Jan-31-03
41939307 1			298,350.00	298,049.00	Apr-24-03	9.399%	NJ - 65.28%	Repur/Subs - 360	Jan-31-03
&nb sp;
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated			-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-
	Cumulative
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
				;
	Group 1		Group 3				3 Months Moving A verage
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	MDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	SDA				0.00%	0.00%	0.00%	0.00 %
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1		Group 3
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
						& nbsp;
				Page 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
											;
	Group 1		Group 3
	< FONT FACE="Times New Roman" SIZE=-1> Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
									&n bsp;
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)))										&n bsp;
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 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003-3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
					;
Total Loan Count = 0						Loan Group 1 = Gro up 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Ameriquest Mortgage Securities Inc. 2003- 3
	Mortgage Pass-Through Certificates
											;
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trigger Event in effect							No
	Stepdown Date has occurred							No
	Balances 60+ days							975,377.82
	Ending Balance							1,080,033,588.17
	Delinquency Percentage							0.09%
	B alance of Mezzanine and C Class							200,749,944.00
	Ending Balance							1,080,033,588.17
	Credit Enhancement Percentage							18.59%
					< /FONT>
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net WAC Rate Carryover Amt: Class A							0.00
	Net WAC Rate Carryover Amt: Class M-1							0.00
	Net WAC Rate Carryover Amt: Class M-2							0.00
	Net WAC Rate Carryover Amt: Class M-3							0.00
	Net WAC Rate Carryover Amt: Class M-4							0.00
	Net WAC Rate Carryover Amt: Class A unpaid							0.00
	Net WAC Rate Carryover Amt: Class M- 1 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-2 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-3 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-4 unpaid							0.00
ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Libor for Current Period							1.320000%
	Current Period loan level losses							0.00
	Current Recoveries or Losses from Prior periods							0.00
	Total Current Losses							0.00
	Class AV-1 Next Pass-Through Rate							1.730000%
	Class AV-2 Next Pass-Through Rate							1.650000%
	Class M-1 Next Pass-Through Rate							2.120000%
	Class M-2 Next Pass-Through Rate							3.170000%
	Class M-3 Next Pass-Through Rate							4.170000%
	Class M-4 Next Pass-Through Rate							5.070000%
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank