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Previous: AMERIQUEST MORTGAGE SECURITIES INC, 8-K, 2000-09-26 |
Next: ENTERPRISE PRODUCTS OPERATING L P, 8-K, 2000-09-26 |
<TABLE>
<CAPTION>
Ameriquest Mortgage Securities INC.
Mortgage Pass-Through Certificates
Record Date: 8/31/00
Distribution Date: 9/15/00
AMQ Series: 2000-1
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A 03072SAA3 SEN 6.93875% 550,716,517.24 3,290,550.31 9,742,776.11
M1 03072SAB1 MEZ 7.18875% 58,119,000.00 359,774.77 0.00
M2 03072SAC9 MEZ 7.56875% 31,700,000.00 206,605.85 0.00
M3 03072SAD7 MEZ 9.06875% 33,462,000.00 261,311.50 0.00
P AMQ00001P SEN 0.00000% 100.00 326,847.28 0.00
CE AMQ0001CE JUN 0.00000% 17,612,400.00 1,521,170.81 0.00
Totals 691,610,017.24 5,966,260.52 9,742,776.11
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A 0.00 540,973,741.13 13,033,326.42 0.00
M1 0.00 58,119,000.00 359,774.77 0.00
M2 0.00 31,700,000.00 206,605.85 0.00
M3 0.00 33,462,000.00 261,311.50 0.00
P 0.00 100.00 326,847.28 0.00
CE 0.00 17,612,400.00 1,521,170.81 0.00
Totals 0.00 681,867,241.13 15,709,036.63 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A 563,569,000.00 550,716,517.24 395,848.19 9,346,927.92 0.00 0.00
M1 58,119,000.00 58,119,000.00 0.00 0.00 0.00 0.00
M2 31,700,000.00 31,700,000.00 0.00 0.00 0.00 0.00
M3 33,462,000.00 33,462,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 17,612,399.87 17,612,400.00 0.00 0.00 0.00 0.00
Totals 704,462,499.87 691,610,017.24 395,848.19 9,346,927.92 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance P ercentage Distribution
<S> <C> <C> <C> <C>
A 9,742,776.11 540,973,741.13 0.95990685 9,742,776.11
M1 0.00 58,119,000.00 1.00000000 0.00
M2 0.00 31,700,000.00 1.00000000 0.00
M3 0.00 33,462,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE 0.00 17,612,400.00 1.00000001 0.00
Totals 9,742,776.11 681,867,241.13 0.96792553 9,742,776.11
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A 563,569,000.00 977.19448238 0.70239525 16.58524142 0.00000000
M1 58,119,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 31,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M3 33,462,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 17,612,399.87 1000.00000738 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 17.28763667 959.90684571 0.95990685 17.28763667
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 1,000.00000738 1.00000001 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 563,569,000.00 6.93875% 550,716,517.24 3,290,550.31 0.00 0.00
M1 58,119,000.00 7.18875% 58,119,000.00 359,774.77 0.00 0.00
M2 31,700,000.00 7.56875% 31,700,000.00 206,605.85 0.00 0.00
M3 33,462,000.00 9.06875% 33,462,000.00 261,311.50 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE 17,612,399.87 0.00000% 17,612,400.00 0.00 0.00 0.00
Totals 704,462,499.87 4,118,242.43 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00 0.00 3,290,550.31 0.00 540,973,741.13
M1 0.00 0.00 359,774.77 0.00 58,119,000.00
M2 0.00 0.00 206,605.85 0.00 31,700,000.00
M3 0.00 0.00 261,311.50 0.00 33,462,000.00
P 0.00 0.00 326,847.28 0.00 100.00
CE 0.00 0.00 1,521,170.81 0.00 17,612,400.00
Totals 0.00 0.00 5,966,260.52 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 563,569,000.00 6.93875% 977.19448238 5.83877096 0.00000000 0.00000000
M1 58,119,000.00 7.18875% 1000.00000000 6.19031246 0.00000000 0.00000000
M2 31,700,000.00 7.56875% 1000.00000000 6.51753470 0.00000000 0.00000000
M3 33,462,000.00 9.06875% 1000.00000000 7.80920148 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE 17,612,399.87 0.00000% 1000.00000738 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000000 0.00000000 5.83877096 0.00000000 959.90684571
M1 0.00000000 0.00000000 6.19031246 0.00000000 1000.00000000
M2 0.00000000 0.00000000 6.51753470 0.00000000 1000.00000000
M3 0.00000000 0.00000000 7.80920148 0.00000000 1000.00000000
P 0.00000000 0.00000000 3268472.80000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 86.36930919 0.00000000 1000.00000738
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
Component Beginning Ending Beginning Ending Ending
Pass-Through Notational Notational Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
VF 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
RI 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
RII 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
RIII 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 15,966,249.07
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 15,966,249.07
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 257,212.44
Payment of Interest and Principal 15,709,036.63
Total Withdrawals (Pool Distribution Amount) 15,966,249.07
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 33,808.12
Servicing Fee Support 33,808.12
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 288,170.71
Trustee Fee - Wells Fargo Bank, N.A. 2,016.52
Verification Fee 833.33
Supported Prepayment/Curtailment Interest Shortfall 33,808.12
Net Servicing Fee 257,212.44
</TABLE>
<TABLE>
<CAPTION> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 136 2 0 0 138
9,689,615.37 107,148.06 0.00 0.00 9,796,763.43
60 Days 64 9 31 0 104
5,706,249.06 534,976.18 2,423,413.75 0.00 8,664,638.99
90 Days 18 4 61 1 84
1,590,334.52 342,900.05 4,208,757.19 71,851.40 6,213,843.16
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 218 15 92 1 326
16,986,198.95 985,024.29 6,632,170.94 71,851.40 24,675,245.58
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.791595% 0.026347% 0.000000% 0.000000% 1.817942%
1.421041% 0.015714% 0.000000% 0.000000% 1.436755%
60 Days 0.843104% 0.118561% 0.408378% 0.000000% 1.370043%
0.836856% 0.078458% 0.355408% 0.000000% 1.270722%
90 Days 0.237123% 0.052694% 0.803583% 0.013173% 1.106574%
0.233232% 0.050288% 0.617240% 0.010537% 0.911298%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.871822% 0.197602% 1.211962% 0.013173% 4.294559%
2.491130% 0.144460% 0.972648% 0.010537% 3.618776%
<FN>
(7) Delinquencies are stratified according to the information the Servicer has
provided. All 90 days include 90+ delinquent loans.
</FN>
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 10.289788%
Weighted Average Net Coupon 9.789788%
Weighted Average Pass-Through Rate 9.786290%
Weighted Average Maturity(Stepdown Calculation ) 345
Beginning Scheduled Collateral Loan Count 7,682
Number Of Loans Paid In Full 91
Ending Scheduled Collateral Loan Count 7,591
Beginning Scheduled Collateral Balance 691,610,017.24
Ending Scheduled Collateral Balance 681,867,241.13
Ending Actual Collateral Balance at 31-Aug-2000 681,867,241.13
Monthly P &I Constant 6,653,129.27
Ending Scheduled Balance for Premium Loans 681,867,241.13
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 17,612,400.00
Overcollateralized Amount 0.00
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 17,612,400.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,195,156.06
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Credit Enhancement Percentage 20.6629%
Extraordinary Expense Fund $0.00
0-29 Day Bankruptcy Loan Count 5
0-29 Day Bankruptcy Balance $741,640.69
</TABLE>
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