8-K 1 aq050511.htm 8K5 


                                       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):  November 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
     November 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:  Dec 06, 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 November 25, 2005.
                       
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
External Parties Table of Contents
Page
Seller
1. Certificate Payment Report 2
Ameriquest Mtg Sec Inc
2. Collection Account Report 6
3. Credit Enhancement Report 8
4. Collateral Report 9
Certificate Insurer(s) 5. Delinquency Report 12
6. REO Report 15
7. Foreclosure Report 16
8. Prepayment Report 17
9. Prepayment Detail Report 20
10. Realized Loss Report 28
11. Realized Loss Detail Report 31
Servicer(s)
12. Triggers and Adj. Cert. Report 32
Ameriquest Mortgage Corp
13. Additional Certificate Report 33
Underwriter(s)
BNP Paribas
RBS Greenwich Capital
Deutsche Bank Securities
Banc of America Securities LLC
Total Number of Pages 33
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
Address:
1761 East St. Andrew Place, Santa Ana, CA 92705
Distribution Date: November 25, 2005
Factor Information: (800) 735-7777
Record Date: October 31, 2005
Main Phone Number: (714) 247-6000
November 23, 2005
https://www.tss.db.com/invr
Page 1 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC-III
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Cur Face Value Balance Interest Principal Distribution Loss Interest Balance
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
A-1A FLT,STEP $ 861,978,000.00 784,788,295.35 2,883,933.49 37,033,762.35 39,917,695.84 0.00 0.00 747,754,533.00
A-1B FLT,STEP $ 215,495,000.00 196,197,529.05 729,432.44 9,258,462.06 9,987,894.50 0.00 0.00 186,939,066.99
A-2A FLT,STEP $ 66,082,000.00 47,831,366.57 169,592.09 10,183,094.33 10,352,686.42 0.00 0.00 37,648,272.24
A-2B FLT,STEP $ 79,667,000.00 79,667,000.00 292,759.63 0.00 292,759.63 0.00 0.00 79,667,000.00
A-2C FLT,STEP $ 19,528,000.00 19,528,000.00 73,947.38 0.00 73,947.38 0.00 0.00 19,528,000.00
M-1 FLT,STEP $ 48,000,000.00 48,000,000.00 184,656.67 0.00 184,656.67 0.00 0.00 48,000,000.00
M-2 MEZ,STEP,FL $ 43,500,000.00 43,500,000.00 168,468.85 0.00 168,468.85 0.00 0.00 43,500,000.00
M-3 MEZ,STEP,FL $ 29,250,000.00 29,250,000.00 114,036.41 0.00 114,036.41 0.00 0.00 29,250,000.00
M-4 MEZ,STEP,FL $ 24,000,000.00 24,000,000.00 96,461.67 0.00 96,461.67 0.00 0.00 24,000,000.00
M-5 MEZ,STEP,FL $ 23,250,000.00 23,250,000.00 93,847.66 0.00 93,847.66 0.00 0.00 23,250,000.00
M-6 MEZ,STEP,FL $ 18,750,000.00 18,750,000.00 76,490.89 0.00 76,490.89 0.00 0.00 18,750,000.00
M-7 MEZ,STEP,FL $ 15,000,000.00 15,000,000.00 67,909.38 0.00 67,909.38 0.00 0.00 15,000,000.00
M-8 MEZ,STEP,FL $ 14,250,000.00 14,250,000.00 66,109.11 0.00 66,109.11 0.00 0.00 14,250,000.00
M-9 MEZ,STEP,FL $ 8,250,000.00 8,250,000.00 41,115.36 0.00 41,115.36 0.00 0.00 8,250,000.00
M-10 MEZ,STEP,FL $ 8,250,000.00 8,250,000.00 49,995.57 0.00 49,995.57 0.00 0.00 8,250,000.00
M-11 MEZ,STEP,FL $ 11,250,000.00 11,250,000.00 68,175.78 0.00 68,175.78 0.00 0.00 11,250,000.00
CE SUB $ 13,500,202.10 13,500,002.72 3,419,945.86 0.00 3,419,945.86 0.00 0.00 13,500,002.72
P SUB $ 100.00 100.00 846,696.07 0.00 846,696.07 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 1,385,262,293.69 9,443,574.31 56,475,318.74 65,918,893.05 0.00 0.00 1,328,786,974.95
Page 2 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
(1) (1) (2) (3) (4)=(2)+(3) (5)
A-1A 10/25/05 11/24/05 A-Act/360 03072SD51 861,978,000.00 910.450493 3.345716 42.963698 46.309414 867.486795
A-1B 10/25/05 11/24/05 A-Act/360 03072SD69 215,495,000.00 910.450493 3.384916 42.963698 46.348614 867.486795
A-2A 10/25/05 11/24/05 A-Act/360 03072SD77 66,082,000.00 723.818386 2.566389 154.097853 156.664242 569.720533
A-2B 10/25/05 11/24/05 A-Act/360 03072SD85 79,667,000.00 1,000.000000 3.674792 0.000000 3.674792 1,000.000000
A-2C 10/25/05 11/24/05 A-Act/360 03072SD93 19,528,000.00 1,000.000000 3.786736 0.000000 3.786736 1,000.000000
M-1 10/25/05 11/24/05 A-Act/360 03072SE27 48,000,000.00 1,000.000000 3.847014 0.000000 3.847014 1,000.000000
M-2 10/25/05 11/24/05 A-Act/360 03072SE35 43,500,000.00 1,000.000000 3.872847 0.000000 3.872847 1,000.000000
M-3 10/25/05 11/24/05 A-Act/360 03072SE43 29,250,000.00 1,000.000000 3.898681 0.000000 3.898681 1,000.000000
M-4 10/25/05 11/24/05 A-Act/360 03072SE50 24,000,000.00 1,000.000000 4.019236 0.000000 4.019236 1,000.000000
M-5 10/25/05 11/24/05 A-Act/360 03072SE68 23,250,000.00 1,000.000000 4.036458 0.000000 4.036458 1,000.000000
M-6 10/25/05 11/24/05 A-Act/360 03072SE76 18,750,000.00 1,000.000000 4.079514 0.000000 4.079514 1,000.000000
M-7 10/25/05 11/24/05 A-Act/360 03072SE84 15,000,000.00 1,000.000000 4.527292 0.000000 4.527292 1,000.000000
M-8 10/25/05 11/24/05 A-Act/360 03072SE92 14,250,000.00 1,000.000000 4.639236 0.000000 4.639236 1,000.000000
M-9 10/25/05 11/24/05 A-Act/360 03072SF26 8,250,000.00 1,000.000000 4.983680 0.000000 4.983680 1,000.000000
M-10 10/25/05 11/24/05 A-Act/360 03072SF34 8,250,000.00 1,000.000000 6.060069 0.000000 6.060069 1,000.000000
M-11 10/25/05 11/24/05 A-Act/360 03072SF42 11,250,000.00 1,000.000000 6.060069 0.000000 6.060069 1,000.000000
CE 10/01/05 10/30/05 F-30/360 1,513,500,504.20 8.919721 2.259627 0.000000 2.259627 8.919721
P 10/01/05 10/30/05 F-30/360 03072SF59 100.00 1,000.000000 8,466,960.700000 0.000000 8,466,960.700000 1,000.000000
R 10/01/05 10/30/05 F-30/360 03072SF67 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
Page 3 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 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 13,769,585.25 110,906,846.70 3,316,620.30 114,223,467.00 127,993,052.25 0.00 0.00 747,754,533.00
A-1B 215,495,000.00 3,486,849.61 27,726,776.01 829,157.00 28,555,933.01 32,042,782.62 0.00 0.00 186,939,066.99
A-2A 66,082,000.00 918,969.25 27,550,033.65 883,694.11 28,433,727.76 29,352,697.01 0.00 0.00 37,648,272.24
A-2B 79,667,000.00 1,322,765.42 0.00 0.00 0.00 1,322,765.42 0.00 0.00 79,667,000.00
A-2C 19,528,000.00 335,096.41 0.00 0.00 0.00 335,096.41 0.00 0.00 19,528,000.00
M-1 48,000,000.00 838,043.34 0.00 0.00 0.00 838,043.34 0.00 0.00 48,000,000.00
M-2 43,500,000.00 765,059.27 0.00 0.00 0.00 765,059.27 0.00 0.00 43,500,000.00
M-3 29,250,000.00 518,190.17 0.00 0.00 0.00 518,190.17 0.00 0.00 29,250,000.00
M-4 24,000,000.00 439,555.01 0.00 0.00 0.00 439,555.01 0.00 0.00 24,000,000.00
M-5 23,250,000.00 427,808.08 0.00 0.00 0.00 427,808.08 0.00 0.00 23,250,000.00
M-6 18,750,000.00 349,016.94 0.00 0.00 0.00 349,016.94 0.00 0.00 18,750,000.00
M-7 15,000,000.00 312,580.21 0.00 0.00 0.00 312,580.21 0.00 0.00 15,000,000.00
M-8 14,250,000.00 304,875.78 0.00 0.00 0.00 304,875.78 0.00 0.00 14,250,000.00
M-9 8,250,000.00 190,623.69 0.00 0.00 0.00 190,623.69 0.00 0.00 8,250,000.00
M-10 8,250,000.00 234,738.28 0.00 0.00 0.00 234,738.28 0.00 0.00 8,250,000.00
M-11 11,250,000.00 320,097.66 0.00 0.00 0.00 320,097.66 0.00 0.00 11,250,000.00
CE 13,500,202.10 19,286,704.42 183.35 16.03 199.38 19,286,903.80 0.00 0.00 13,500,002.72
P 100.00 2,186,833.15 0.00 0.00 0.00 2,186,833.15 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 46,007,391.94 166,183,839.71 5,029,487.44 171,213,327.15 217,220,719.09 0.00 0.00 1,328,786,974.95
Page 4 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Interest Detail - REMIC-III
Pass Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustment Interest Interest Interest
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
A-1A 4.26750% 784,788,295.35 2,883,933.49 0.00 0.00 0.00 2,883,933.49 2,883,933.49 0.00
A-1B 4.31750% 196,197,529.05 729,432.44 0.00 0.00 0.00 729,432.44 729,432.44 0.00
A-2A 4.11750% 47,831,366.57 169,592.09 0.00 0.00 0.00 169,592.09 169,592.09 0.00
A-2B 4.26750% 79,667,000.00 292,759.63 0.00 0.00 0.00 292,759.63 292,759.63 0.00
A-2C 4.39750% 19,528,000.00 73,947.38 0.00 0.00 0.00 73,947.38 73,947.38 0.00
M-1 4.46750% 48,000,000.00 184,656.67 0.00 0.00 0.00 184,656.67 184,656.67 0.00
M-2 4.49750% 43,500,000.00 168,468.85 0.00 0.00 0.00 168,468.85 168,468.85 0.00
M-3 4.52750% 29,250,000.00 114,036.41 0.00 0.00 0.00 114,036.41 114,036.41 0.00
M-4 4.66750% 24,000,000.00 96,461.67 0.00 0.00 0.00 96,461.67 96,461.67 0.00
M-5 4.68750% 23,250,000.00 93,847.66 0.00 0.00 0.00 93,847.66 93,847.66 0.00
M-6 4.73750% 18,750,000.00 76,490.89 0.00 0.00 0.00 76,490.89 76,490.89 0.00
M-7 5.25750% 15,000,000.00 67,909.38 0.00 0.00 0.00 67,909.38 67,909.38 0.00
M-8 5.38750% 14,250,000.00 66,109.11 0.00 0.00 0.00 66,109.11 66,109.11 0.00
M-9 5.78750% 8,250,000.00 41,115.36 0.00 0.00 0.00 41,115.36 41,115.36 0.00
M-10 7.03750% 8,250,000.00 49,995.57 0.00 0.00 0.00 49,995.57 49,995.57 0.00
M-11 7.03750% 11,250,000.00 68,175.78 0.00 0.00 0.00 68,175.78 68,175.78 0.00
CE 303.99513% 13,500,002.72 0.00 0.00 0.00 0.00 0.00 3,419,945.86 0.00
P 0.00000% 100.00 0.00 0.00 0.00 0.00 0.00 846,696.07 0.00
R 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 1,385,262,293.69 5,176,932.38 0.00 0.00 0.00 5,176,932.38 9,443,574.31 0.00
Page 5 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Collection Account Report
SUMMARY
Group 2 Group 1 Total
Principal Collections 10,172,814.03 46,245,490.31 56,418,304.34
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 10,172,814.03 46,245,490.31 56,418,304.34
Interest Collections 1,056,054.72 7,724,729.30 8,780,784.02
Interest Withdrawals -0.00 -0.00 -0.00
Interest Fees -41,871.49 -9,503.90 -126,891.38
Interest Other Accounts 0.00 0.00 846,696.07
TOTAL NET INTEREST 1,014,183.24 7,715,225.40 9,500,588.71
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 11,186,997.27 53,960,715.71 65,918,893.05
PRINCIPAL - COLLECTIONS
Group 2 Group 1 Total
Scheduled Principal Received 113,868.33 851,239.81 965,108.14
Curtailments 13,491.17 148,663.16 #######
Prepayments In Full 10,045,454.53 45,149,752.08 55,195,206.61
Repurchased/Substitutions 0.00 0.00 0.00
Liquidations 0.00 152,849.66 152,849.66
Insurance Principal 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00
Delinquent Principal -85,468.35 -668,259.23 -753,727.58
Realized Losses -0.00 -57,014.40 -57,014.40
Advanced Principal 85,468.35 668,259.23 753,727.58
TOTAL PRINCIPAL COLLECTED 10,172,814.03 46,245,490.31 56,418,304.34
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 6 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
INTEREST - COLLECTIONS
Group 2 Group 1 Total
Scheduled Interest 1,113,205.63 8,118,776.59 9,231,982.22
Repurchased/Substitution Interest 0.00 0.00 0.00
Liquidation Interest 0.00 968.05 968.05
Insurance Interest 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00
Prepayment Interest Shortfalls -10,244.62 -67,192.80 -77,437.42
Delinquent Interest -850,548.72 -6,444,728.89 -7,295,277.61
Compensating Interest 10,244.63 67,192.80 77,437.43
Civil Relief Act Shortfalls -0.00 -248.88 -248.88
Interest Advanced 793,397.81 6,049,962.42 6,843,360.23
TOTAL INTEREST COLLECTED 1,056,054.72 7,724,729.30 8,780,784.02
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
Group 2 Group 1 Total
Prepayment Charges 846,696.07
Net WAC Investment Income
TOTAL INTEREST OTHER ACCOUNTS 0.00 0.00 846,696.07
INTEREST - FEES
Group 2 Group 1 Total
Current Servicing Fees 75,516.01 49,759.24 125,275.25
Trustee Fees 211.44 1,404.69 1,616.14
SWAP (INFLOW) / OUTFLOW 0.00
TOTAL INTEREST FEES 41,871.49 9,503.90 126,891.38
Page 7 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
Group 2 Group 1 Total
Net WAC Reserve Account Balance
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
Group 2 Group 1 Total
Overcollateralized Amount 13,500,002.72
Overcollateralization Reduction Amount 0.00
Overcollateralization Deficiency Amount 57,014.40
Overcollateralization Target Amount 13,500,002.72
Page 8 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Collateral Report
COLLATERAL
Group 2 Group 1 Total
Loan Count:
Original 468 8,900 9,368
Prior 427 8,361 8,788
Prefunding 0 0 0
Scheduled Paid Offs -0 -0 -0
Full Voluntary Prepayments -23 -267 -290
Repurchases -0 -0 -0
Liquidations -0 -1 -1
Current 404 8,093 8,497
Principal Balance:
Original 199,489,111.90 1,300,511,190.20 1,500,000,302.10
Prior 181,238,423.11 1,204,023,870.58 1,385,262,293.69
Prefunding 0.00 0.00 0.00
Scheduled Principal -113,868.33 -851,239.81 -965,108.14
Partial Prepayments -13,491.17 -148,663.16 -162,154.33
Full Voluntary Prepayments -10,045,454.53 -45,149,752.08 -55,195,206.61
Repurchases -0.00 -0.00 -0.00
Liquidations -0.00 -152,849.66 -152,849.66
Current 171,065,609.08 1,157,721,365.87 1,328,786,974.95
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 9 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Coupon Original 7.46360% 8.12134% 8.03387%
Weighted Average Coupon Prior 7.39168% 8.10227% 8.00938%
Weighted Average Coupon Current 7.37066% 8.09261% 7.99815%
Weighted Average Months to Maturity Original 356 351 352
Weighted Average Months to Maturity Prior 352 348 348
Weighted Average Months to Maturity Current 351 347 347
Weighted Avg Remaining Amortization Term Original 356 351 352
Weighted Avg Remaining Amortization Term Prior 352 348 348
Weighted Avg Remaining Amortization Term Current 351 347 347
Weighted Average Seasoning Original 1.78 1.86 1.85
Weighted Average Seasoning Prior 4.78 4.85 4.84
Weighted Average Seasoning Current 5.78 5.85 5.84
Page 10 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
ARM CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Margin Original 5.77391% 5.92637% 5.90785%
Weighted Average Margin Prior 5.77518% 5.92570% 5.90804%
Weighted Average Margin Current 5.77274% 5.92467% 5.90690%
Weighted Average Max Rate Original 13.74253% 14.30095% 14.23313%
Weighted Average Max Rate Prior 13.66718% 14.28516% 14.21262%
Weighted Average Max Rate Current 13.64593% 14.27683% 14.20303%
Weighted Average Min Rate Original 7.74253% 8.30095% 8.23313%
Weighted Average Min Rate Prior 7.66718% 8.28516% 8.21262%
Weighted Average Min Rate Current 7.64593% 8.27683% 8.20303%
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 75,516.01 49,759.24 125,275.25
Delinquent Servicing Fees 57,150.90 394,766.47 451,917.37
TOTAL SERVICING FEES 75,516.01 501,676.63 577,192.64
Total Servicing Fees 75,516.01 501,676.63 577,192.64
Compensating Interest -10,244.63 -67,192.80 -77,437.43
Delinquent Servicing Fees -57,150.90 -394,766.47 -451,917.37
COLLECTED SERVICING FEES 8,120.48 39,717.37 47,837.84
Total Advanced Interest 793,397.81 6,049,962.42 6,843,360.23
Total Advanced Principal 85,468.35 668,259.23 753,727.58
Aggregate Advances with respect to this Distribution 878,866.16 6,718,221.65 7,597,087.81
ADDITIONAL COLLATERAL INFORMATION
Group 2 Group 1 Total
Prepayment Interest Shortfall (PPIS) 10,244.62 67,192.80 77,437.42
Compensating Interest -10,244.63 -67,192.80 -77,437.43
Net Prepayment Interest Shortfall (PPIS) 0.00 0.00 0.00
Ending Pool Stated Principal Balance 171,065,609.08 1,157,721,365.87 1,328,786,974.95
Weighted Average Net Mortgage Rate 6.715021% 7.689689% 8.230214%
Page 11 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Delinquency Report
TOTAL
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 22,720,806.77 8,356,931.46 3,756,924.34 34,834,662.57
% Balance 1.71% 0.63% 0.28% 2.62%
# Loans 169 60 24 253
% # Loans 1.99% 0.71% 0.28% 2.98%
FORECLOSURE Balance 0.00 0.00 136,828.56 4,736,346.71 4,873,175.27
% Balance 0.00% 0.00% 0.01% 0.36% 0.37%
# Loans 0 0 2 37 39
% # Loans 0.00% 0.00% 0.02% 0.44% 0.46%
BANKRUPTCY Balance 2,053,464.47 946,301.65 176,663.89 729,726.03 3,906,156.04
% Balance 0.15% 0.07% 0.01% 0.05% 0.29%
# Loans 19 8 2 3 32
% # Loans 0.22% 0.09% 0.02% 0.04% 0.38%
REO Balance 0.00 0.00 0.00 450,952.93 450,952.93
% Balance 0.00% 0.00% 0.00% 0.03% 0.03%
# Loans 0 0 0 6 6
% # Loans 0.00% 0.00% 0.00% 0.07% 0.07%
TOTAL Balance 2,053,464.47 23,667,108.42 8,670,423.91 9,673,950.01 44,064,946.81
% Balance 0.15% 1.78% 0.65% 0.73% 3.32%
# Loans 19 177 64 70 330
% # Loans 0.22% 2.08% 0.75% 0.82% 3.88%
Page 12 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
GROUP 1
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 21,326,079.05 6,950,706.41 3,231,288.97 31,508,074.43
% Balance 1.84% 0.60% 0.28% 2.72%
# Loans 166 57 23 246
% # Loans 2.05% 0.70% 0.28% 3.04%
FORECLOSURE Balance 0.00 0.00 136,828.56 4,736,346.71 4,873,175.27
% Balance 0.00% 0.00% 0.01% 0.41% 0.42%
# Loans 0 0 2 37 39
% # Loans 0.00% 0.00% 0.02% 0.46% 0.48%
BANKRUPTCY Balance 2,053,464.47 946,301.65 176,663.89 729,726.03 3,906,156.04
% Balance 0.18% 0.08% 0.02% 0.06% 0.34%
# Loans 19 8 2 3 32
% # Loans 0.23% 0.10% 0.02% 0.04% 0.40%
REO Balance 0.00 0.00 0.00 450,952.93 450,952.93
% Balance 0.00% 0.00% 0.00% 0.04% 0.04%
# Loans 0 0 0 6 6
% # Loans 0.00% 0.00% 0.00% 0.07% 0.07%
TOTAL Balance 2,053,464.47 22,272,380.70 7,264,198.86 9,148,314.64 40,738,358.67
% Balance 0.18% 1.92% 0.63% 0.79% 3.52%
# Loans 19 174 61 69 323
% # Loans 0.23% 2.15% 0.75% 0.85% 3.99%
Page 13 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
GROUP 2
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 1,394,727.72 1,406,225.05 525,635.37 3,326,588.14
% Balance 0.82% 0.82% 0.31% 1.94%
# Loans 3 3 1 7
% # Loans 0.74% 0.74% 0.25% 1.73%
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 1,394,727.72 1,406,225.05 525,635.37 3,326,588.14
% Balance 0.00% 0.82% 0.82% 0.31% 1.94%
# Loans 0 3 3 1 7
% # Loans 0.00% 0.74% 0.74% 0.25% 1.73%
Page 14 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 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
114414964 1
99,000.00 98,711.15 01-May-2005 9.650% TN - 90.00% 360 01-Jun-2005
115507709 1 71,000.00 70,755.44 01-May-2005 8.850% TN - 83.53% 360 01-Jun-2005
116092461 1 63,750.00 63,565.91 01-May-2005 9.700% MI - 75.00% 360 01-Jun-2005
116824285 1 81,000.00 80,778.10 01-May-2005 9.950% MI - 90.00% 360 01-Jun-2005
117122705 1 67,500.00 67,311.14 01-May-2005 9.850% AL - 90.00% 360 01-Jun-2005
117135202 1 70,000.00 69,831.19 01-May-2005 10.550% MI - 70.00% 360 01-Jun-2005
TOTAL 452,250.00 450,952.93
Page 15 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 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
109037408 1
123,177.00 122,415.08 01-May-2005 7.500% OR - 72.46% 360 01-Apr-2005
109643403 1 124,500.00 124,297.08 01-Jun-2005 12.350% TX - 75.00% 360 01-Jun-2005
111156105 1 61,000.00 60,861.04 01-May-2005 11.550% NY - 64.21% 360 01-May-2005
111161824 1 140,800.00 140,095.85 01-May-2005 7.950% GA - 84.72% 360 01-May-2005
111239109 1 148,721.00 148,223.26 01-Jun-2005 9.750% NY - 86.51% 360 01-May-2005
111885406 1 108,000.00 107,710.31 01-May-2005 10.050% OR - 80.00% 360 01-Jun-2005
112325709 1 73,800.00 73,593.51 01-May-2005 9.850% AL - 90.00% 360 01-Jun-2005
113760904 1 185,000.00 184,454.59 01-May-2005 9.600% NJ - 61.67% 360 01-Jun-2005
114410707 1 76,804.00 76,576.92 01-Jul-2005 9.600% IA - 87.28% 360 01-Jun-2005
114448806 1 116,550.00 115,974.01 01-May-2005 7.050% PA - 90.00% 360 01-Jun-2005
114650708 1 106,800.00 106,547.93 ####### 10.650% WI - 79.11% 360 01-Jun-2005
115012346 1 68,400.00 68,271.38 01-May-2005 11.700% OK - 90.00% 360 01-Jun-2005
115257388 1 213,000.00 212,497.23 01-Jun-2005 10.650% NY - 66.56% 360 01-Jun-2005
115296600 1 73,500.00 73,338.71 01-Jun-2005 10.990% NC - 75.00% 360 01-Jun-2005
115302762 1 132,000.00 131,308.44 01-May-2005 6.750% OK - 82.50% 360 01-Jun-2005
115474306 1 97,200.00 96,952.76 01-Jun-2005 10.300% GA - 90.00% 360 01-Jun-2005
115536625 1 69,000.00 68,848.57 01-Jun-2005 10.990% GA - 59.48% 360 01-Jun-2005
115733669 1 60,000.00 59,842.43 01-May-2005 10.150% IL - 70.59% 360 01-Jun-2005
115918849 1 112,500.00 112,143.25 01-Jun-2005 9.250% TN - 89.29% 360 01-Jun-2005
116171364 1 118,400.00 118,036.04 01-May-2005 9.400% NJ - 80.00% 360 01-Jun-2005
116456864 1 180,300.00 179,531.73 01-May-2005 7.800% NY - 72.12% 360 01-Jun-2005
116527763 1 97,500.00 97,206.47 01-Jun-2005 9.500% CA - 17.73% 360 01-Jun-2005
116546383 1 85,500.00 85,267.73 01-May-2005 9.990% LA - 74.35% 360 01-Jun-2005
116547282 1 60,000.00 59,868.32 01-May-2005 10.990% TX - 79.26% 360 01-Jun-2005
116585209 1 292,000.00 291,022.86 01-Jun-2005 8.990% TX - 80.00% 360 01-Jun-2005
116753922 1 90,500.00 90,158.25 01-Jun-2005 8.400% FL - 72.40% 360 01-Jun-2005
117069229 1 245,000.00 243,995.02 01-Jun-2005 7.990% IL - 85.37% 360 01-Jun-2005
117101782 1 217,499.00 216,794.80 01-Jun-2005 9.150% NY - 75.00% 360 01-Jun-2005
117127225 1 60,350.00 60,251.64 01-Jul-2005 11.500% IA - 85.00% 360 01-Jul-2005
117181701 1 60,000.00 59,883.41 01-Jun-2005 11.550% MN - 64.52% 360 01-Jun-2005
117335364 1 156,750.00 156,297.43 01-May-2005 9.700% MN - 82.50% 360 01-Jun-2005
117771964 1 152,915.00 152,430.06 01-Jun-2005 9.250% FL - 85.00% 360 01-Jun-2005
117858704 1 84,000.00 83,793.04 01-May-2005 10.450% NJ - 62.22% 360 01-Jun-2005
117996306 1 183,000.00 182,263.14 01-Jun-2005 7.150% RI - 87.14% 360 01-Jul-2005
118014281 1 87,750.00 87,529.17 01-May-2005 10.350% LA - 75.00% 360 01-Jun-2005
118034305 1 75,000.00 74,817.18 01-Jun-2005 10.500% WI - 75.00% 360 01-Jun-2005
119048726 1 133,000.00 132,546.89 01-Jun-2005 7.990% FL - 79.50% 360 01-Jul-2005
119087161 1 126,000.00 125,716.01 01-Jun-2005 9.990% FL - 75.00% 360 01-Jul-2005
119451227 1 292,500.00 291,813.73 01-Jun-2005 9.800% CA - 75.00% 360 01-Jul-2005
TOTAL 4,888,716.00 4,873,175.27
Page 16 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
Group 2 Group 1 Total
Current
Number of Paid in Full Loans 23 267 290
Number of Repurchased Loans 0 0 0
Total Number of Loans Prepaid in Full 23 267 290
Curtailments Amount 13,491.17 148,663.16 162,154.33
Paid in Full Balance 10,045,454.53 45,149,752.08 55,195,206.61
Repurchased Loans Balance 0.00 0.00 0.00
Total Prepayment Amount 10,058,945.70 45,298,415.24 55,357,360.94
Cumulative
Number of Paid in Full Loans 64 795 859
Number of Repurchased Loans 0 11 11
Total Number of Loans Prepaid in Full 64 806 870
Paid in Full Balance 27,766,420.04 135,587,155.66 163,353,575.70
Repurchased Loans Balance 0.00 1,942,990.41 1,942,990.41
Curtailments Amount 52,574.19 681,849.75 734,423.94
Total Prepayment Amount 27,818,994.23 138,211,995.82 166,030,990.05
Page 17 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
Group 2 Group 1 Total
SMM 5.55% 3.78% 4.01%
3 Months Avg SMM 3.98% 3.02% 3.14%
12 Months Avg SMM 2.97% 2.23% 2.33%
Avg SMM Since Cut-off 2.97% 2.23% 2.33%
CPR 49.62% 37.00% 38.81%
3 Months Avg CPR 38.54% 30.76% 31.83%
12 Months Avg CPR 30.32% 23.72% 24.62%
Avg CPR Since Cut-off 30.32% 23.72% 24.62%
PSA 4,290.14% 3,163.07% 3,321.88%
3 Months Avg PSA Approximation 4,031.26% 3,171.67% 3,287.84%
12 Months Avg PSA Approximation 4,012.86% 3,078.74% 3,203.44%
Avg PSA Since Cut-off Approximation 4,012.86% 3,078.74% 3,203.44%
Page 18 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 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/(0.002*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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
Page 19 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
105454029 1 126,089.00 125,568.15 31-Oct-2005 9.400% NC - 90.00% Paid Off - 360 01-Mar-2005
106628126 1 83,000.00 82,434.89 02-Nov-2005 6.950% CA - 26.18% Paid Off - 360 01-Mar-2005
106945868 1 150,850.00 149,716.64 10-Nov-2005 6.400% CT - 83.38% Paid Off - 360 01-Mar-2005
108895244 1 170,000.00 169,432.44 21-Oct-2005 9.900% CO - 85.00% Paid Off - 360 01-Apr-2005
109133843 1 270,000.00 268,263.36 14-Oct-2005 6.500% RI - 67.05% Paid Off - 360 01-Apr-2005
109630087 1 152,405.00 151,861.98 12-Oct-2005 9.450% AZ - 85.00% Paid Off - 360 01-Apr-2005
109674861 2 376,800.00 375,471.39 28-Oct-2005 9.500% MD - 82.33% Paid Off - 360 01-Apr-2005
109708826 1 269,000.00 266,334.78 02-Nov-2005 6.550% WI - 86.77% Paid Off - 360 01-Apr-2005
109978783 1 106,223.00 105,867.52 28-Oct-2005 9.750% SD - 84.78% Paid Off - 360 01-Apr-2005
110092848 1 94,500.00 94,028.68 10-Nov-2005 7.800% FL - 70.00% Paid Off - 360 01-Apr-2005
110797727 1 134,300.00 133,309.68 12-Oct-2005 10.700% GA - 85.00% Paid Off - 240 01-May-2005
110813706 1 125,000.00 123,346.73 31-Oct-2005 5.950% ME - 55.56% Paid Off - 240 01-May-2005
111108221 1 105,000.00 104,486.65 25-Oct-2005 7.900% CA - 68.16% Paid Off - 360 01-Apr-2005
111898227 1 213,900.00 212,607.75 18-Oct-2005 8.050% CA - 74.92% Paid Off - 360 01-May-2005
112143102 1 203,116.00 202,333.36 14-Oct-2005 8.300% FL - 72.54% Paid Off - 360 01-May-2005
112168406 2 551,500.00 548,438.50 28-Oct-2005 6.450% FL - 64.65% Paid Off - 360 01-May-2005
112235742 1 255,750.00 254,471.16 10-Nov-2005 6.990% NJ - 84.85% Paid Off - 360 01-May-2005
112343140 1 150,000.00 149,410.16 21-Oct-2005 8.200% MD - 75.00% Paid Off - 360 01-May-2005
112422423 1 110,880.00 110,469.71 31-Oct-2005 8.500% AZ - 90.00% Paid Off - 360 01-May-2005
112445226 1 144,500.00 144,302.62 19-Oct-2005 12.300% AZ - 85.00% Paid Off - 360 01-Jun-2005
112742564 1 224,250.00 223,194.78 11-Oct-2005 7.300% VT - 87.94% Paid Off - 360 01-May-2005
112804141 1 213,500.00 210,914.14 13-Oct-2005 6.700% FL - 61.00% Paid Off - 240 01-May-2005
113305205 1 60,000.00 59,837.05 12-Oct-2005 9.100% NJ - 18.18% Paid Off - 360 01-Jun-2005
113443766 1 105,600.00 105,354.80 02-Nov-2005 9.850% WI - 60.00% Paid Off - 360 01-Jun-2005
113630263 1 156,300.00 155,534.65 24-Oct-2005 6.600% NY - 69.96% Paid Off - 360 01-Jun-2005
113752422 1 212,000.00 211,361.83 24-Oct-2005 8.600% MD - 73.10% Paid Off - 360 01-Jun-2005
113808364 1 67,500.00 67,063.99 03-Nov-2005 9.100% KS - 56.25% Paid Off - 360 01-May-2005
113905004 1 322,400.00 321,036.76 12-Oct-2005 6.900% CA - 79.84% Paid Off - 360 01-Jun-2005
114000029 1 240,000.00 239,299.41 26-Oct-2005 8.750% NY - 57.14% Paid Off - 360 01-Jun-2005
114049505 1 140,250.00 138,659.14 20-Oct-2005 7.250% CA - 85.00% Paid Off - 240 01-May-2005
114080047 2 280,000.00 279,038.39 20-Oct-2005 7.950% PA - 79.80% Paid Off - 360 01-Jun-2005
114304868 1 249,999.00 249,284.80 03-Nov-2005 9.750% CA - 73.15% Paid Off - 360 01-May-2005
114369283 1 225,000.00 224,085.08 27-Oct-2005 7.100% MD - 83.33% Paid Off - 360 01-Jun-2005
114375868 1 114,000.00 113,424.88 02-Nov-2005 6.990% CA - 82.43% Paid Off - 360 01-May-2005
114456262 1 149,500.00 148,406.28 14-Oct-2005 7.400% PA - 68.58% Paid Off - 360 01-Jun-2005
114646045 2 389,000.00 387,305.17 03-Nov-2005 6.750% CA - 81.04% Paid Off - 360 01-Jun-2005
114708423 1 154,000.00 153,531.67 17-Oct-2005 8.550% NJ - 71.72% Paid Off - 360 01-Jun-2005
Page 20 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
114729940 1 61,262.00 61,147.09 01-Nov-2005 10.850% IN - 74.71% Paid Off - 360 01-Jun-2005
114769169 1 252,000.00 251,357.01 13-Oct-2005 9.400% MI - 89.89% Paid Off - 360 01-Jun-2005
114791080 1 176,800.00 176,380.79 12-Oct-2005 9.750% GA - 85.00% Paid Off - 360 01-Jun-2005
114791726 1 285,000.00 283,923.12 09-Nov-2005 7.750% NJ - 81.43% Paid Off - 360 01-Jun-2005
114904345 1 157,500.00 156,936.97 04-Nov-2005 7.750% CA - 55.65% Paid Off - 360 01-Jun-2005
114910581 1 288,000.00 285,767.04 25-Oct-2005 7.650% CA - 90.00% Paid Off - 360 01-Jun-2005
114942303 1 184,000.00 183,159.23 17-Oct-2005 6.500% FL - 85.58% Paid Off - 360 01-Jun-2005
114949860 1 90,400.00 90,029.98 07-Nov-2005 7.100% NJ - 80.00% Paid Off - 360 01-Jun-2005
114959661 1 127,000.00 126,493.62 25-Oct-2005 7.200% IL - 32.49% Paid Off - 360 01-Jun-2005
115023723 2 369,500.00 368,329.59 28-Oct-2005 8.350% CA - 50.97% Paid Off - 360 01-Jun-2005
115025389 1 168,750.00 168,231.51 11-Oct-2005 8.500% CA - 75.00% Paid Off - 360 01-Jun-2005
115042541 1 84,000.00 83,739.26 03-Nov-2005 8.450% FL - 62.22% Paid Off - 360 01-Jun-2005
115082646 2 465,000.00 463,135.98 10-Nov-2005 7.990% CA - 75.00% Paid Off - 360 01-Jun-2005
115112625 1 105,500.00 105,248.97 02-Nov-2005 9.750% NJ - 81.15% Paid Off - 360 01-Jun-2005
115115867 1 216,338.00 215,579.96 19-Oct-2005 7.850% MD - 85.00% Paid Off - 360 01-Jun-2005
115136640 1 97,750.00 97,550.17 25-Oct-2005 10.550% WA - 85.00% Paid Off - 360 01-Jun-2005
115146920 1 225,800.00 224,748.18 07-Nov-2005 6.400% MA - 69.33% Paid Off - 360 01-Jun-2005
115155244 1 349,000.00 347,566.94 03-Nov-2005 7.050% FL - 87.25% Paid Off - 360 01-Jun-2005
115191504 1 107,000.00 106,628.78 17-Oct-2005 7.900% FL - 53.50% Paid Off - 360 01-Jun-2005
115232845 1 256,500.00 256,168.54 02-Nov-2005 12.550% CA - 90.00% Paid Off - 360 01-Jun-2005
115246241 1 252,000.00 251,177.08 31-Oct-2005 8.200% NH - 80.00% Paid Off - 360 01-Jun-2005
115252561 1 306,000.00 304,906.07 31-Oct-2005 7.750% NY - 85.00% Paid Off - 360 01-Jun-2005
115357345 1 201,326.00 200,640.10 01-Nov-2005 7.990% MN - 69.42% Paid Off - 360 01-Jun-2005
115359002 1 84,500.00 84,346.20 09-Nov-2005 10.990% WI - 64.50% Paid Off - 360 01-Jun-2005
115386641 2 440,000.00 438,427.05 27-Oct-2005 7.750% CA - 73.33% Paid Off - 360 01-Jun-2005
115392680 1 247,000.00 246,005.53 10-Nov-2005 7.700% CA - 77.09% Paid Off - 360 01-Jun-2005
115481384 1 184,825.00 184,386.75 24-Oct-2005 9.750% FL - 66.72% Paid Off - 360 01-Jun-2005
115485583 1 60,000.00 59,839.15 18-Oct-2005 11.350% NJ - 25.00% Paid Off - 360 01-Jun-2005
115495749 1 210,800.00 210,081.83 04-Nov-2005 7.990% AZ - 85.00% Paid Off - 360 01-Jun-2005
115511123 1 209,250.00 208,284.60 17-Oct-2005 6.450% CA - 77.50% Paid Off - 360 01-Jun-2005
115513962 1 97,750.00 97,375.32 01-Nov-2005 7.400% MN - 85.00% Paid Off - 360 01-Jun-2005
115525685 1 123,750.00 123,349.94 12-Oct-2005 8.250% FL - 75.00% Paid Off - 360 01-Jun-2005
115533564 1 167,000.00 ####### 09-Nov-2005 7.250% FL - 89.16% Paid Off - 360 01-Jun-2005
115534844 1 218,136.00 217,529.95 09-Nov-2005 8.990% NJ - 75.00% Paid Off - 360 01-Jun-2005
115536021 1 149,051.00 148,739.75 18-Oct-2005 10.350% IL - 74.53% Paid Off - 360 01-Jun-2005
115586265 1 137,422.00 136,905.62 04-Nov-2005 7.500% MD - 60.37% Paid Off - 360 01-Jun-2005
115596389 1 121,500.00 121,226.12 03-Nov-2005 9.990% MN - 90.00% Paid Off - 360 01-Jun-2005
115606147 1 150,000.00 149,469.09 18-Oct-2005 7.800% CA - 28.85% Paid Off - 360 01-Jun-2005
Page 21 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
115610842 1 292,000.00 291,046.47 11-Oct-2005 8.200% CA - 80.00% Paid Off - 360 01-Jun-2005
115619207 1 61,017.00 60,823.71 11-Oct-2005 8.350% OK - 39.87% Paid Off - 360 01-Jun-2005
115656027 1 75,000.00 74,685.91 12-Oct-2005 6.950% FL - 75.00% Paid Off - 360 01-Jun-2005
115686040 1 139,000.00 138,406.65 11-Oct-2005 10.250% IL - 74.73% Paid Off - 360 01-Jun-2005
115707101 1 140,000.00 139,294.03 19-Oct-2005 5.990% CA - 68.27% Paid Off - 360 01-Jun-2005
115722621 1 298,500.00 297,411.35 18-Oct-2005 7.650% CA - 75.00% Paid Off - 360 01-Jun-2005
115728941 1 259,000.00 258,045.95 18-Oct-2005 7.600% CA - 64.75% Paid Off - 360 01-Jun-2005
115739427 2 361,250.00 359,851.66 24-Oct-2005 7.350% CA - 85.00% Paid Off - 360 01-Jun-2005
115743767 2 485,000.00 482,888.46 03-Nov-2005 6.750% CA - 61.78% Paid Off - 360 01-Jun-2005
115781163 1 143,000.00 142,557.98 28-Oct-2005 8.500% MD - 81.11% Paid Off - 360 01-Jun-2005
115785081 1 143,000.00 142,342.79 11-Oct-2005 6.470% MA - 58.61% Paid Off - 360 01-Jun-2005
115883068 1 238,500.00 237,759.73 27-Oct-2005 8.450% MD - 89.33% Paid Off - 360 01-Jun-2005
115939266 1 125,500.00 125,129.86 12-Oct-2005 8.700% NV - 71.71% Paid Off - 360 01-Jun-2005
115944183 1 216,750.00 216,225.18 09-Nov-2005 9.650% FL - 85.00% Paid Off - 360 01-Jun-2005
115948168 1 168,000.00 167,371.80 26-Oct-2005 9.450% MD - 84.85% Paid Off - 360 01-Jun-2005
115951527 1 89,250.00 89,119.45 02-Nov-2005 11.990% WY - 85.00% Paid Off - 360 01-Jun-2005
115961906 2 520,000.00 517,947.08 02-Nov-2005 7.250% IL - 74.82% Paid Off - 360 01-Jun-2005
115985343 1 109,800.00 109,516.90 09-Nov-2005 9.350% GA - 90.00% Paid Off - 360 01-Jun-2005
115996068 1 80,000.00 77,913.17 01-Nov-2005 9.100% PA - 49.35% Paid Off - 120 01-Jun-2005
116005927 1 117,000.00 116,707.66 13-Oct-2005 9.500% MD - 75.00% Paid Off - 360 01-Jun-2005
116006065 1 164,000.00 163,585.21 17-Oct-2005 9.450% IL - 68.91% Paid Off - 360 01-Jun-2005
116009267 1 180,000.00 179,252.14 09-Nov-2005 6.990% NH - 62.22% Paid Off - 360 01-Jun-2005
116010745 1 178,000.00 177,260.43 11-Oct-2005 6.990% FL - 80.47% Paid Off - 360 01-Jun-2005
116020884 1 247,500.00 246,812.36 25-Oct-2005 8.990% MD - 75.00% Paid Off - 360 01-Jun-2005
116051863 1 307,500.00 306,763.20 24-Oct-2005 9.700% CA - 75.00% Paid Off - 360 01-Jun-2005
116053869 1 150,539.00 150,120.77 25-Oct-2005 8.990% NJ - 59.06% Paid Off - 360 01-Jun-2005
116057209 2 599,000.00 596,959.31 19-Oct-2005 7.990% CA - 76.80% Paid Off - 360 01-Jun-2005
116072380 1 145,000.00 144,613.39 18-Oct-2005 9.450% NY - 79.80% Paid Off - 360 01-Jun-2005
116077306 1 325,000.00 324,314.14 01-Nov-2005 10.300% NY - 58.56% Paid Off - 360 01-Jun-2005
116092008 1 112,500.00 112,246.43 10-Nov-2005 9.990% NJ - 37.50% Paid Off - 360 01-Jun-2005
116103243 1 195,360.00 194,596.26 28-Oct-2005 7.300% MD - 80.00% Paid Off - 360 01-Jun-2005
116109463 1 107,000.00 106,123.77 26-Oct-2005 8.400% ME - 82.31% Paid Off - 240 01-Jun-2005
116116948 1 147,750.00 147,262.63 20-Oct-2005 8.150% AZ - 75.00% Paid Off - 360 01-Jun-2005
116156449 1 290,500.00 289,773.79 18-Oct-2005 9.500% MD - 70.00% Paid Off - 360 01-Jun-2005
116177148 1 122,500.00 122,177.52 28-Oct-2005 9.250% MD - 77.04% Paid Off - 360 01-Jun-2005
116185646 1 253,000.00 252,261.46 17-Oct-2005 8.750% FL - 56.22% Paid Off - 360 01-Jun-2005
116189127 1 312,000.00 310,895.74 08-Nov-2005 7.800% NJ - 71.72% Paid Off - 360 01-Jun-2005
116213802 1 125,000.00 123,931.22 11-Oct-2005 8.050% ME - 61.88% Paid Off - 240 01-Jun-2005
Page 22 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
116233586 1 87,000.00 86,799.89 31-Oct-2005 9.900% WI - 72.50% Paid Off - 360 01-Jun-2005
116296260 1 97,000.00 96,635.50 08-Nov-2005 7.500% FL - 63.19% Paid Off - 360 01-Jun-2005
116312166 1 337,500.00 337,001.27 04-Nov-2005 10.900% NY - 75.00% Paid Off - 360 01-Jul-2005
116321704 1 150,000.00 149,463.78 26-Oct-2005 7.750% MD - 58.45% Paid Off - 360 01-Jun-2005
116332644 1 229,500.00 228,944.29 02-Nov-2005 9.650% MD - 85.00% Paid Off - 360 01-Jun-2005
116334400 1 180,000.00 179,343.02 03-Nov-2005 7.650% CA - 78.26% Paid Off - 360 01-Jun-2005
116347683 1 120,750.00 119,267.49 03-Nov-2005 9.990% IL - 75.00% Paid Off - 180 01-Jun-2005
116353665 1 320,000.00 319,130.95 25-Oct-2005 9.100% NY - 80.00% Paid Off - 360 01-Jun-2005
116407123 1 76,500.00 76,327.57 24-Oct-2005 9.990% IL - 18.85% Paid Off - 360 01-Jun-2005
116414665 1 201,000.00 200,392.43 31-Oct-2005 10.700% NY - 53.60% Paid Off - 360 01-Jun-2005
116474602 1 214,000.00 213,265.03 08-Nov-2005 7.950% NJ - 77.82% Paid Off - 360 01-Jun-2005
116483520 1 320,000.00 319,139.94 01-Nov-2005 9.150% IL - 69.57% Paid Off - 360 01-Jun-2005
116483967 1 113,748.00 113,304.66 13-Oct-2005 7.350% NY - 90.00% Paid Off - 360 01-Jun-2005
116496647 1 128,937.00 128,507.36 13-Oct-2005 8.100% MD - 65.55% Paid Off - 360 01-Jun-2005
116608506 1 247,000.00 245,882.21 20-Oct-2005 6.550% NJ - 82.33% Paid Off - 360 01-Jun-2005
116616988 2 431,000.00 429,474.54 21-Oct-2005 7.800% CA - 72.32% Paid Off - 360 01-Jun-2005
116634528 1 273,000.00 271,865.74 12-Oct-2005 6.990% CA - 57.84% Paid Off - 360 01-Jun-2005
116698820 1 112,000.00 111,626.79 02-Nov-2005 8.100% MD - 84.01% Paid Off - 360 01-Jun-2005
116757824 1 164,877.00 164,380.68 12-Oct-2005 8.600% NJ - 49.00% Paid Off - 360 01-Jun-2005
116768326 1 323,000.00 322,175.87 26-Oct-2005 9.400% FL - 85.00% Paid Off - 360 01-Jun-2005
116783341 1 97,300.00 96,955.77 02-Nov-2005 8.100% CA - 56.57% Paid Off - 360 01-Jun-2005
116816224 1 96,000.00 95,805.89 12-Oct-2005 10.500% FL - 80.00% Paid Off - 360 01-Jun-2005
116820028 1 143,000.00 140,742.55 02-Nov-2005 7.500% NY - 16.22% Paid Off - 180 01-Jun-2005
116828062 1 144,000.00 143,553.04 19-Oct-2005 8.450% CT - 75.00% Paid Off - 360 01-Jun-2005
116841347 1 357,500.00 356,829.47 01-Nov-2005 10.850% IL - 65.00% Paid Off - 360 01-Jun-2005
116856840 1 181,500.00 180,739.99 14-Oct-2005 6.950% CA - 83.26% Paid Off - 360 01-Jun-2005
116903386 1 82,640.00 82,639.99 17-Oct-2005 6.350% OR - 80.00% Paid Off - 360 01-Jun-2005
116918640 1 130,000.00 129,444.92 12-Oct-2005 6.850% FL - 89.66% Paid Off - 360 01-Jun-2005
116918723 1 203,000.00 199,383.25 17-Oct-2005 6.500% CA - 40.49% Paid Off - 240 01-Jun-2005
116935628 1 224,361.00 223,685.65 01-Nov-2005 8.600% MD - 89.03% Paid Off - 360 01-Jun-2005
116940545 1 257,250.00 256,565.75 03-Nov-2005 9.200% FL - 89.95% Paid Off - 360 01-Jun-2005
116991308 1 183,750.00 183,156.00 12-Oct-2005 8.250% FL - 75.00% Paid Off - 360 01-Jun-2005
117008904 1 63,000.00 62,864.15 31-Oct-2005 10.200% FL - 60.00% Paid Off - 360 01-Jun-2005
117028423 2 400,000.00 399,244.37 14-Oct-2005 9.750% CA - 68.97% Paid Off - 360 01-Jul-2005
117029926 1 212,000.00 211,171.22 24-Oct-2005 7.300% MD - 83.14% Paid Off - 360 01-Jun-2005
117034660 1 83,400.00 83,208.42 08-Nov-2005 9.900% IL - 79.43% Paid Off - 360 01-Jun-2005
117045203 1 105,000.00 104,748.42 01-Nov-2005 9.700% MD - 75.00% Paid Off - 360 01-Jun-2005
117120089 1 60,000.00 59,900.07 26-Oct-2005 11.400% TN - 64.52% Paid Off - 360 01-Jun-2005
Page 23 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
117135988 1 358,750.00 357,765.63 21-Oct-2005 9.050% NY - 87.50% Paid Off - 360 01-Jun-2005
117145367 1 179,748.00 179,178.63 09-Nov-2005 8.350% GA - 79.00% Paid Off - 360 01-Jun-2005
117156141 2 363,440.00 362,265.16 07-Nov-2005 8.250% FL - 80.00% Paid Off - 360 01-Jun-2005
117159061 1 232,000.00 231,420.27 20-Oct-2005 9.500% MD - 82.86% Paid Off - 360 01-Jun-2005
117161208 1 65,450.00 65,088.53 24-Oct-2005 11.500% SC - 85.00% Paid Off - 360 01-Jun-2005
117214627 1 82,500.00 82,295.99 31-Oct-2005 9.550% NJ - 22.92% Paid Off - 360 01-Jun-2005
117214924 1 178,000.00 177,469.63 02-Nov-2005 8.650% MD - 78.76% Paid Off - 360 01-Jun-2005
117259341 1 219,000.00 218,400.30 10-Nov-2005 7.950% NJ - 73.00% Paid Off - 360 01-Jul-2005
117277269 1 72,505.00 72,020.11 31-Oct-2005 9.600% KS - 50.35% Paid Off - 360 01-Jun-2005
117278523 1 179,900.00 179,311.90 13-Oct-2005 8.900% NJ - 90.00% Paid Off - 360 01-Jun-2005
117286484 1 127,500.00 127,245.43 31-Oct-2005 10.600% IL - 75.00% Paid Off - 360 01-Jun-2005
117311423 1 236,250.00 235,689.82 01-Nov-2005 9.750% MN - 75.00% Paid Off - 360 01-Jun-2005
117313007 1 90,500.00 90,294.25 08-Nov-2005 9.950% NJ - 53.24% Paid Off - 360 01-Jun-2005
117316521 1 143,000.00 142,365.24 10-Nov-2005 6.650% DE - 86.67% Paid Off - 360 01-Jun-2005
117338525 1 87,096.00 86,899.47 20-Oct-2005 9.990% MD - 58.06% Paid Off - 360 01-Jun-2005
117347906 1 74,160.00 73,795.47 18-Oct-2005 8.050% FL - 90.00% Paid Off - 360 01-Jun-2005
117412684 1 207,000.00 206,424.93 20-Oct-2005 8.990% WI - 90.00% Paid Off - 360 01-Jun-2005
117413807 1 67,000.00 66,857.09 02-Nov-2005 10.250% MD - 39.88% Paid Off - 360 01-Jun-2005
117418764 1 202,400.00 201,676.45 01-Nov-2005 7.750% MD - 80.00% Paid Off - 360 01-Jun-2005
117421065 1 160,000.00 159,355.71 25-Oct-2005 7.150% MD - 79.87% Paid Off - 360 01-Jun-2005
117422261 1 76,402.00 76,302.90 11-Oct-2005 11.500% AR - 84.89% Paid Off - 360 01-Jul-2005
117429324 1 118,125.00 118,120.21 01-Nov-2005 6.990% AL - 87.50% Paid Off - 360 01-Jul-2005
117442988 1 72,000.00 71,903.48 31-Oct-2005 11.350% TX - 75.00% Paid Off - 360 01-Jul-2005
117445221 1 185,000.00 184,297.94 14-Oct-2005 7.450% MD - 65.71% Paid Off - 360 01-Jun-2005
117447300 1 81,600.00 81,478.20 12-Oct-2005 11.900% NJ - 85.00% Paid Off - 360 01-Jun-2005
117522482 1 248,000.00 247,086.48 09-Nov-2005 7.600% NJ - 55.11% Paid Off - 360 01-Jun-2005
117532069 1 60,000.00 59,862.14 10-Nov-2005 9.900% WI - 52.17% Paid Off - 360 01-Jun-2005
117533109 1 176,000.00 175,683.96 28-Oct-2005 9.990% NJ - 80.00% Paid Off - 360 01-Jul-2005
117537704 1 181,500.00 181,046.46 19-Oct-2005 9.500% MD - 79.26% Paid Off - 360 01-Jun-2005
117599985 1 193,500.00 193,087.27 17-Oct-2005 10.250% AZ - 90.00% Paid Off - 360 01-Jun-2005
117603746 1 92,886.00 92,603.52 12-Oct-2005 8.550% CA - 46.44% Paid Off - 360 01-Jun-2005
117621748 1 149,250.00 148,880.92 17-Oct-2005 9.550% FL - 75.00% Paid Off - 360 01-Jun-2005
117663583 1 229,500.00 229,195.78 14-Oct-2005 11.400% CA - 85.00% Paid Off - 360 01-Jul-2005
117670620 1 75,000.00 74,806.64 20-Oct-2005 9.350% NC - 75.00% Paid Off - 360 01-Jun-2005
117699827 1 100,000.00 99,581.27 04-Nov-2005 6.950% MD - 75.63% Paid Off - 360 01-Jun-2005
117726422 1 173,000.00 172,567.73 12-Oct-2005 9.500% FL - 82.38% Paid Off - 360 01-Jun-2005
117732628 1 112,000.00 111,837.40 09-Nov-2005 11.050% IN - 84.85% Paid Off - 360 01-Jul-2005
117741900 1 66,000.00 65,858.88 01-Nov-2005 11.990% PA - 54.10% Paid Off - 360 01-Jun-2005
Page 24 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
117765263 1 89,200.00 89,200.00 31-Oct-2005 7.350% KS - 68.09% Paid Off - 360 01-Jul-2005
117790469 1 284,335.00 283,298.04 26-Oct-2005 7.650% CA - 72.91% Paid Off - 360 01-Jun-2005
117793083 1 310,250.00 309,605.21 07-Nov-2005 10.550% SC - 85.00% Paid Off - 360 01-Jul-2005
117795021 1 216,000.00 215,369.47 26-Oct-2005 8.750% CA - 90.00% Paid Off - 360 01-Jun-2005
117803486 1 157,500.00 156,401.98 21-Oct-2005 8.500% AZ - 75.00% Paid Off - 360 01-Jun-2005
117821801 2 409,000.00 407,692.77 02-Nov-2005 8.150% CA - 89.89% Paid Off - 360 01-Jul-2005
117827063 1 155,000.00 154,219.18 12-Oct-2005 5.990% MA - 54.39% Paid Off - 360 01-Jun-2005
117827568 1 83,000.00 82,717.22 08-Nov-2005 7.990% RI - 59.29% Paid Off - 360 01-Jun-2005
117828061 1 163,500.00 162,781.23 09-Nov-2005 6.700% MA - 31.44% Paid Off - 360 01-Jun-2005
117869941 2 218,000.00 218,000.00 28-Oct-2005 6.900% CA - 80.00% Paid Off - 360 01-Jul-2005
117870527 1 97,800.00 97,387.46 18-Oct-2005 7.990% KS - 87.32% Paid Off - 360 01-Jun-2005
117875005 1 255,000.00 254,291.54 07-Nov-2005 8.990% CA - 85.00% Paid Off - 360 01-Jun-2005
117878645 1 75,128.00 74,975.23 26-Oct-2005 9.400% LA - 85.00% Paid Off - 360 01-Jul-2005
117932020 1 166,000.00 165,479.47 11-Oct-2005 8.400% CA - 54.43% Paid Off - 360 01-Jun-2005
117935882 1 315,500.00 314,653.28 08-Nov-2005 8.050% AL - 78.88% Paid Off - 360 01-Jul-2005
117948620 1 96,800.00 96,479.17 28-Oct-2005 6.990% TX - 80.00% Paid Off - 360 01-Jul-2005
118000702 2 425,000.00 425,000.00 10-Nov-2005 6.800% CT - 74.42% Paid Off - 360 01-Jul-2005
118002120 1 100,000.00 99,728.35 25-Oct-2005 7.990% NY - 79.37% Paid Off - 360 01-Jul-2005
118012061 1 197,000.00 196,394.77 09-Nov-2005 8.500% MD - 84.55% Paid Off - 360 01-Jun-2005
118016849 1 121,500.00 121,290.98 18-Oct-2005 11.250% MI - 75.00% Paid Off - 360 01-Jun-2005
118031681 1 139,500.00 139,047.54 26-Oct-2005 7.100% IL - 90.00% Paid Off - 360 01-Jul-2005
118055987 1 175,000.00 174,398.97 24-Oct-2005 7.950% CA - 64.82% Paid Off - 360 01-Jun-2005
118074020 1 163,500.00 163,074.35 31-Oct-2005 8.200% DC - 63.00% Paid Off - 360 01-Jul-2005
118119460 1 181,400.00 180,655.12 31-Oct-2005 7.050% CA - 82.46% Paid Off - 360 01-Jun-2005
118125426 1 189,000.00 188,273.43 26-Oct-2005 7.400% MD - 90.00% Paid Off - 360 01-Jun-2005
118127083 1 88,000.00 87,729.62 31-Oct-2005 8.500% FL - 85.19% Paid Off - 360 01-Jun-2005
118160589 1 106,920.00 106,647.17 24-Oct-2005 9.400% AZ - 90.00% Paid Off - 360 01-Jun-2005
118227883 1 143,634.00 143,309.96 18-Oct-2005 8.900% FL - 84.99% Paid Off - 360 01-Jul-2005
118258383 1 158,789.00 158,392.07 17-Oct-2005 8.400% FL - 84.78% Paid Off - 360 01-Jul-2005
118258722 1 190,890.00 190,547.08 18-Oct-2005 11.050% FL - 90.00% Paid Off - 360 01-Jun-2005
118260124 1 215,000.00 214,090.86 20-Oct-2005 6.900% CA - 86.00% Paid Off - 360 01-Jun-2005
118263524 1 93,500.00 93,169.08 25-Oct-2005 7.800% MD - 84.93% Paid Off - 360 01-Jun-2005
118278761 1 131,400.00 131,006.25 28-Oct-2005 7.500% MI - 90.00% Paid Off - 360 01-Jul-2005
118280569 1 119,700.00 119,700.00 27-Oct-2005 7.300% MD - 90.00% Paid Off - 360 01-Jul-2005
118311521 2 457,000.00 455,575.16 25-Oct-2005 7.300% CA - 86.23% Paid Off - 360 01-Jul-2005
118324920 1 190,000.00 189,398.15 10-Nov-2005 8.350% AZ - 74.51% Paid Off - 360 01-Jun-2005
118339100 1 112,500.00 112,128.90 12-Oct-2005 8.150% MO - 90.00% Paid Off - 360 01-Jun-2005
118356161 1 132,000.00 131,737.19 01-Nov-2005 9.500% MD - 82.50% Paid Off - 360 01-Jul-2005
Page 25 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
118364926 1 107,321.00 106,648.74 04-Nov-2005 8.990% MD - 70.14% Paid Off - 360 01-Jul-2005
118385780 1 198,000.00 197,489.73 01-Nov-2005 8.250% WA - 89.59% Paid Off - 360 01-Jul-2005
118415306 1 184,259.00 183,860.21 03-Nov-2005 9.100% NY - 70.00% Paid Off - 360 01-Jul-2005
118480086 1 223,465.00 222,996.18 12-Oct-2005 9.250% CA - 85.00% Paid Off - 360 01-Jul-2005
118484203 1 180,000.00 179,350.77 25-Oct-2005 6.600% CA - 80.00% Paid Off - 360 01-Jul-2005
118504547 1 395,000.00 395,000.00 31-Oct-2005 5.990% MA - 75.24% Paid Off - 360 01-Jul-2005
118509967 1 168,500.00 167,773.48 20-Oct-2005 6.800% FL - 71.86% Paid Off - 360 01-Jun-2005
118541440 1 216,200.00 215,416.29 11-Oct-2005 8.700% IL - 82.21% Paid Off - 360 01-Jul-2005
118552645 1 157,500.00 157,058.81 12-Oct-2005 8.950% AZ - 90.00% Paid Off - 360 01-Jun-2005
118598663 1 168,800.00 168,462.28 27-Oct-2005 10.550% IL - 89.98% Paid Off - 360 01-Jun-2005
118629526 1 172,000.00 171,924.53 24-Oct-2005 7.500% CO - 89.58% Paid Off - 360 01-Jul-2005
118635747 1 239,000.00 238,311.82 17-Oct-2005 7.700% FL - 74.69% Paid Off - 360 01-Jul-2005
118652767 1 231,880.00 231,418.30 14-Oct-2005 9.500% FL - 85.00% Paid Off - 360 01-Jul-2005
118661727 1 120,000.00 119,623.90 07-Nov-2005 8.950% FL - 60.00% Paid Off - 360 01-Jun-2005
118694926 1 250,000.00 249,430.17 31-Oct-2005 8.850% NJ - 74.63% Paid Off - 360 01-Jul-2005
118700285 1 130,850.00 130,325.72 27-Oct-2005 8.450% MD - 74.77% Paid Off - 360 01-Jul-2005
118725969 1 200,000.00 199,494.95 19-Oct-2005 8.350% NJ - 46.92% Paid Off - 360 01-Jul-2005
118764463 1 357,000.00 356,425.03 04-Nov-2005 10.500% IL - 85.00% Paid Off - 360 01-Jul-2005
118767748 1 313,500.00 312,606.29 13-Oct-2005 7.750% CA - 68.90% Paid Off - 360 01-Jul-2005
118770882 1 271,000.00 271,000.00 31-Oct-2005 6.850% HI - 75.14% Paid Off - 360 01-Jul-2005
118786821 1 123,000.00 122,862.09 19-Oct-2005 6.850% CA - 37.25% Paid Off - 360 01-Jul-2005
118807668 1 119,000.00 118,714.44 08-Nov-2005 8.600% FL - 76.92% Paid Off - 360 01-Jul-2005
118889344 1 69,000.00 68,878.96 08-Nov-2005 10.100% MI - 59.95% Paid Off - 360 01-Jul-2005
118890789 1 162,000.00 161,573.22 26-Oct-2005 8.400% FL - 52.86% Paid Off - 360 01-Jul-2005
118937945 2 413,350.00 413,349.99 03-Nov-2005 7.100% CA - 87.50% Paid Off - 360 01-Jul-2005
118965862 1 123,500.00 123,240.91 31-Oct-2005 9.250% MD - 88.57% Paid Off - 360 01-Jul-2005
118968627 1 215,000.00 214,316.27 28-Oct-2005 7.200% CA - 43.23% Paid Off - 360 01-Jul-2005
119019727 1 135,750.00 135,449.42 27-Oct-2005 8.990% MD - 75.00% Paid Off - 360 01-Jul-2005
119022226 1 241,086.00 240,513.40 07-Nov-2005 8.650% FL - 78.84% Paid Off - 360 01-Jul-2005
119028645 2 665,550.00 665,550.00 14-Oct-2005 7.990% WA - 85.00% Paid Off - 360 01-Jul-2005
119043941 1 328,125.00 327,141.76 14-Oct-2005 7.500% CA - 87.50% Paid Off - 360 01-Jul-2005
119061026 1 151,259.00 150,832.12 31-Oct-2005 7.800% GA - 84.50% Paid Off - 360 01-Jul-2005
119099604 1 158,431.00 158,003.09 10-Nov-2005 8.200% NJ - 79.96% Paid Off - 360 01-Jul-2005
119109742 1 127,500.00 127,114.11 04-Nov-2005 7.450% CA - 64.92% Paid Off - 360 01-Jul-2005
119115285 1 342,000.00 340,959.91 26-Oct-2005 7.600% MI - 90.00% Paid Off - 360 01-Jul-2005
119146082 1 113,850.00 113,645.55 17-Oct-2005 9.990% MN - 75.95% Paid Off - 360 01-Jul-2005
119161222 1 193,726.00 193,091.29 07-Nov-2005 7.150% WA - 75.97% Paid Off - 360 01-Jul-2005
119167203 1 155,000.00 154,575.55 02-Nov-2005 7.950% NJ - 73.81% Paid Off - 360 01-Jul-2005
Page 26 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
119187086 1 263,550.00 263,550.00 19-Oct-2005 7.300% NH - 65.89% Paid Off - 360 01-Jul-2005
119190601 1 108,000.00 107,595.04 19-Oct-2005 8.750% FL - 90.00% Paid Off - 360 01-Jul-2005
119199206 1 96,000.00 95,799.93 04-Nov-2005 9.300% PA - 75.00% Paid Off - 360 01-Jul-2005
119213445 1 201,600.00 201,198.58 01-Nov-2005 9.500% MD - 90.00% Paid Off - 360 01-Jul-2005
119251965 2 403,200.00 402,050.60 20-Oct-2005 7.750% CA - 80.00% Paid Off - 360 01-Jul-2005
119267201 1 211,000.00 210,315.66 21-Oct-2005 7.100% CA - 41.68% Paid Off - 360 01-Jul-2005
119268464 2 654,500.00 652,459.36 01-Nov-2005 7.300% MD - 85.00% Paid Off - 360 01-Jul-2005
119312528 1 94,500.00 94,227.90 21-Oct-2005 7.700% IN - 90.00% Paid Off - 360 01-Jul-2005
119338721 1 106,000.00 105,758.39 04-Nov-2005 8.850% MD - 89.83% Paid Off - 360 01-Jul-2005
119456929 1 101,700.00 101,513.86 25-Oct-2005 9.900% WI - 90.00% Paid Off - 360 01-Jul-2005
119498806 1 157,500.00 157,216.16 20-Oct-2005 9.990% FL - 75.00% Paid Off - 360 01-Jul-2005
119502524 1 ####### 75,480.78 31-Oct-2005 11.400% GA - 81.27% Paid Off - 360 01-Jul-2005
119616720 1 179,000.00 179,000.00 31-Oct-2005 5.990% CA - 68.17% Paid Off - 360 01-Jul-2005
119631588 1 153,000.00 152,576.77 27-Oct-2005 7.900% MD - 69.01% Paid Off - 360 01-Jul-2005
119709046 1 127,000.00 126,579.09 18-Oct-2005 6.990% CA - 68.28% Paid Off - 360 01-Jul-2005
119750024 1 138,250.00 137,943.87 26-Oct-2005 8.990% FL - 84.99% Paid Off - 360 01-Jul-2005
119778348 1 107,497.00 107,105.10 17-Oct-2005 6.500% MD - 71.93% Paid Off - 360 01-Jul-2005
119789287 1 95,000.00 94,862.33 14-Oct-2005 10.990% AL - 84.82% Paid Off - 360 01-Jul-2005
119860641 1 189,900.00 189,330.96 10-Nov-2005 7.500% AZ - 90.00% Paid Off - 360 01-Jul-2005
119869600 1 119,000.00 118,653.90 24-Oct-2005 7.650% KS - 74.86% Paid Off - 360 01-Jul-2005
119938306 1 370,340.00 370,279.11 10-Nov-2005 6.650% HI - 69.51% Paid Off - 360 01-Jul-2005
119978625 1 60,000.00 59,914.15 12-Oct-2005 11.050% NY - 31.09% Paid Off - 360 01-Jul-2005
119997484 1 266,640.00 265,887.46 01-Nov-2005 7.800% MD - 71.10% Paid Off - 360 01-Jul-2005
120054283 1 243,000.00 242,404.88 21-Oct-2005 8.500% AZ - 90.00% Paid Off - 360 01-Jul-2005
120434584 2 397,000.00 397,000.00 07-Nov-2005 6.450% CA - 78.51% Paid Off - 360 01-Jul-2005
TOTAL 55,377,119.00 55,195,206.61
Page 27 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
Group 2 Group 1 Total
Current
Number of Loans Liquidated 0 1 1
Collateral Principal Realized Loss/(Gain) Amount 0.00 57,014.40 57,014.40
Collateral Interest Realized Loss/(Gain) Amount 0.00 0.00 0.00
Net Liquidation Proceeds 0.00 95,835.26 95,835.26
Cumulative
Number of Loans Liquidated 0 1 1
Collateral Realized Loss/(Gain) Amount 0.00 57,014.40 57,014.40
Net Liquidation Proceeds 0.00 95,835.26 95,835.26
Page 28 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
DEFAULT SPEEDS
Group 2 Group 1 Total
MDR 0.00% 0.01% 0.01%
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% 0.15% 0.13%
3 Months Avg CDR 0.00% 0.05% 0.04%
12 Months Avg CDR 0.00% 0.03% 0.03%
Avg CDR Since Cut-off 0.00% 0.03% 0.03%
SDA 0.00% 1.30% 1.13%
3 Months Avg SDA Approximation 0.00% 0.52% 0.46%
12 Months Avg SDA Approximation 0.00% 0.40% 0.34%
Avg SDA Since Cut-off Approximation 0.00% 0.40% 0.34%
Loss Severity Approximation for Current Period 0.00% 37.30% 37.30%
3 Months Avg Loss Severity Approximation 0.00% 12.43% 12.43%
12 Months Avg Loss Severity Approximation 0.00% 7.46% 7.46%
Avg Loss Severity Approximation Since Cut-off 0.00% 7.46% 7.46%
Page 29 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
Page 30 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Realized Loss Detail Report
Loan Number Current State & Prior Realized Cumulative
& Loan Note LTV at Original Principal Loss/(Gain) Realized Realized
Loan Group Status Rate Origination Term Balance Revision Loss/(Gain) Loss/(Gain)
117806323 1
7.600% TN - 86.12% 360 152,849.66 57,014.40 0.00
TOTAL 152,849.66 57,014.40 0.00
Page 31 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
Group 2 Group 1 Total
Stepdown Date Occurred? (0=No,1=Yes) No
Distribution Date July 2008
Credit Enhancement Percentage (For Stepdown Date) 19.3598%
Applicable Percentage 34.3000%
Trigger Event In Effect? (0=No,1=Yes) Yes
60+ days Delinquency Balance 21,344,140.04
Ending Pool Balance 171,065,609.08 1,157,721,365.87 1,328,786,974.95
Delinquency Percentage 1.6063%
Prior Balance of Mezzanine and C Class 257,250,002.72
Prior Pool Balance 181,238,423.11 1,204,023,870.58 1,385,262,293.69
Prior Credit Enhancement Percentage 18.5705%
Applicable % of Prior Credit Enhancement Percentage 42.0000%
Cumulative Realized Loss 0.00 57,014.40 57,014.40
Realized Loss Percentage 0.0000%
Applicable % (On and After Stepdown Date) 0.0000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
Group 2 Group 1 Total
Current LIBOR Rate 4.037500%
Next LIBOR Rate 0.000000%
Page 32 of 33
Ameriquest Mortgage Securities, Inc. 2005-R5
Mortgage Pass-Through Certificates
2005-R5
November 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
Next Pass Through Rate NET WAC Shortfall CarryOver NET WAC Shortfall Paid
CLASS
A-1A 0.230% $0.00 $0.00
A-1B 0.280% $0.00 $0.00
A-2A 0.080% $0.00 $0.00
A-2B 0.230% $0.00 $0.00
A-2C 0.360% $0.00 $0.00
M-1 0.430% $0.00 $0.00
M-2 0.460% $0.00 $0.00
M-3 0.490% $0.00 $0.00
M-4 0.630% $0.00 $0.00
M-5 0.650% $0.00 $0.00
M-6 0.700% $0.00 $0.00
M-7 1.220% $0.00 $0.00
M-8 1.350% $0.00 $0.00
M-9 1.750% $0.00 $0.00
M-10 3.000% $0.00 $0.00
M-11 3.000% $0.00 $0.00
CE 0.000% $0.00 $0.00
P 0.000% $0.00 $0.00
R 0.000% $0.00 $0.00
SWAP-IO 0.000% $0.00 $0.00
R-III 0.000% $0.00 $0.00
Page 33 of 33