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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): July 21, 2000
AMERIQUEST MORTGAGE SECURITIES INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF JUNE 1, 2000, PROVIDING FOR THE ISSUANCE
OF FLOATING RATE MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2000-2)
Ameriquest Mortgage Securities Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-94443 33-0885129
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
1100 Town & Country Road, Suite 1100
Orange, California 92868
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (714) 541-9960
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Item 2. Acquisition or Disposition of Assets
On June 23, 2000 (the "Closing Date"), a single series of certificates,
entitled Ameriquest Mortgage Securities Inc., Floating Rate Mortgage Pass
Through Certificates, Series 2000-2 (the "Certificates"), were issued pursuant
to the Pooling and Servicing Agreement, dated as of June 1, 2000 (the
"Agreement") among Ameriquest Mortgage Securities Inc. (the "Depositor"),
Ameriquest Mortgage Company (the "Master Servicer") and Norwest Bank Minnesota,
National Association (the "Trustee"). On July 14, 2000 following the closing of
the initial issuance of the Certificates, the Trustee purchased from the
Depositor certain Subsequent Mortgage Loans, as defined in the Agreement, with
an aggregate principal balance equal to approximately $154,671,590.09 with funds
on deposit in the pre-funding account (the "Pre-Funding Account") established
pursuant to the Agreement at a purchase price equal to the principal balance
thereof, which Subsequent Mortgage Loans were conveyed to the Trust
Administrator pursuant to a Subsequent Transfer Instrument, dated July 14, 2000,
between the Depositor and the Trustee (the "Instrument"). Attached to the
Instrument is the Mortgage Loan Schedule listing the Subsequent Mortgage Loans
that are the subject of such Instrument.
Item 5. Other Events
Description of the Mortgage Pool
The Certificates, issued pursuant to the Agreement, evidence in the
aggregate the entire beneficial ownership interest in a trust fund (the "Trust
Fund"), consisting primarily of a segregated pool (the "Mortgage Pool") of
conventional, one- to four- family, first lien adjustable-rate mortgage loans
having original terms to maturity of not greater than 30 years (the "Mortgage
Loans"). As of the Closing Date, the Trust Fund primarily consisted of (i) the
Mortgage Pool, which consisted of Mortgage Loans having an aggregate principal
balance of approximately $500,326,976.55 as of June 1, 2000 and (ii) the
Pre-Funding Account, which contained approximately $154,673,023.45.
As more fully described above, on July 14, 2000, the Depositor
purchased the Subsequent Mortgage Loans with the funds on deposit in the
Pre-Funding Account. The tables attached as an exhibit hereto describe certain
characteristics of the Mortgage Pool as of July, 2000, the end of the "Funding
Period" (as defined in the Agreement).
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Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
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4.2 Subsequent Transfer Instrument, dated as of July 14, 2000
between Ameriquest Mortgage Securities Inc. as seller, and
Norwest Bank Minnesota, National Association, as trustee.
99.1 Characteristics of the Mortgage Pool as of July 1, 2000,
relating to Ameriquest Mortgage Securities Inc., Floating Rate
Mortgage Pass-Through Certificates, Series 2000-2.
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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 thereunto duly authorized.
Dated: July 21, 2000
AMERIQUEST MORTGAGE SECURITIES INC.
By: /s/John P. Grazer
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Name: John P. Grazer
Title: CFO
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EXHIBIT INDEX
Exhibit No. Description Page
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4.2 Subsequent Transfer Instrument
99.1 Characteristics of the Mortgage Pool as of
July 1, 2000, relating to Ameriquest Mortgage
Securities Inc., Floating Rate Mortgage Pass-
Through Certificates, Series 2000-2
