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Previous: AMERIQUEST MORTGAGE SEC INC FLOAT RATE MO PA TH CE SE 2000-2, 8-K, 2000-11-28 |
Next: DELTA FUND HM EQU LN 2000-2 HM EQU LN ASS BKD CRT SER 2000-2, 8-K, 2000-11-28 |
<TABLE>
<CAPTION>
Ameriquest Mortgage Securities INC.
Mortgage Pass-Through Certificates
Record Date: 10/31/2000
Distribution Date: 11/15/2000
AMQ Series: 2000-2
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 03072SAG0 SEN 6.92000% 506,080,341.03 2,918,396.63 7,004,929.55
M-1 03072SAH8 MEZ 7.27000% 54,037,500.00 327,377.19 0.00
M-2 03072SAJ4 MEZ 7.67000% 29,475,000.00 188,394.38 0.00
M-3 03072SAK1 MEZ 9.02200% 31,112,500.00 233,914.15 0.00
R-I AMQ0001R1 SEN 0.00000% 0.00 0.00 0.00
R-II AMQ0001R2 SEN 0.00000% 0.00 0.00 0.00
R-III AMQ0001R3 SEN 0.00000% 0.00 0.00 0.00
P AMQ00001P SEN 0.00000% 100.00 147,780.30 0.00
CE AMQ0001CE SUB 0.00000% 16,374,900.00 1,552,772.33 0.00
Totals 637,080,341.03 5,368,634.98 7,004,929.55
</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 0.00 499,075,411.48 9,923,326.18 0.00
M-1 0.00 54,037,500.00 327,377.19 0.00
M-2 0.00 29,475,000.00 188,394.38 0.00
M-3 0.00 31,112,500.00 233,914.15 0.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00
P 0.00 100.00 147,780.30 0.00
CE 0.00 16,374,900.00 1,552,772.33 0.00
Totals 0.00 630,075,411.48 12,373,564.53 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 524,000,000.00 506,080,341.03 340,970.37 6,663,959.18 0.00 0.00
M-1 54,037,500.00 54,037,500.00 0.00 0.00 0.00 0.00
M-2 29,475,000.00 29,475,000.00 0.00 0.00 0.00 0.00
M-3 31,112,500.00 31,112,500.00 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 16,374,900.00 16,374,900.00 0.00 0.00 0.00 0.00
Totals 655,000,000.00 637,080,341.03 340,970.37 6,663,959.18 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 Percentage Distribution
<S> <C> <C> <C> <C>
A 7,004,929.55 499,075,411.48 0.95243399 7,004,929.55
M-1 0.00 54,037,500.00 1.00000000 0.00
M-2 0.00 29,475,000.00 1.00000000 0.00
M-3 0.00 31,112,500.00 1.00000000 0.00
R-I 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
R-III 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE 0.00 16,374,900.00 1.00000000 0.00
Totals 7,004,929.55 630,075,411.48 0.96194719 7,004,929.55
</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 524,000,000.00 965.80217754 0.65070681 12.71747935 0.00000000
M-1 54,037,500.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 29,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 31,112,500.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 16,374,900.00 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
All denominations are Per $1000.
</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 13.36818616 952.43399137 0.95243399 13.36818616
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 1,000.00000000 1.00000000 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 524,000,000.00 6.92000% 506,080,341.03 2,918,396.63 0.00 0.00
M-1 54,037,500.00 7.27000% 54,037,500.00 327,377.19 0.00 0.00
M-2 29,475,000.00 7.67000% 29,475,000.00 188,394.38 0.00 0.00
M-3 31,112,500.00 9.02200% 31,112,500.00 233,914.15 0.00 0.00
R-I 0.00 0.00000% 0.00 0.00 0.00 0.00
R-II 0.00 0.00000% 0.00 0.00 0.00 0.00
R-III 0.00 0.00000% 0.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE 16,374,900.00 0.00000% 16,374,900.00 0.00 0.00 0.00
Totals 655,000,000.00 3,668,082.35 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Payment of 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 2,918,396.63 0.00 499,075,411.48
M-1 0.00 0.00 327,377.19 0.00 54,037,500.00
M-2 0.00 0.00 188,394.38 0.00 29,475,000.00
M-3 0.00 0.00 233,914.15 0.00 31,112,500.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 147,780.30 0.00 100.00
CE 0.00 0.00 1,552,772.33 0.00 16,374,900.00
Totals 0.00 0.00 5,368,634.98 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 524,000,000.00 6.92000% 965.80217754 5.56945922 0.00000000 0.00000000
M-1 54,037,500.00 7.27000% 1000.00000000 6.05833338 0.00000000 0.00000000
M-2 29,475,000.00 7.67000% 1000.00000000 6.39166684 0.00000000 0.00000000
M-3 31,112,500.00 9.02200% 1000.00000000 7.51833347 0.00000000 0.00000000
R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE 16,374,900.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
All denominations are Per $1000.
</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 5.56945922 0.00000000 952.43399137
M-1 0.00000000 0.00000000 6.05833338 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.39166684 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 7.51833347 0.00000000 1000.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1477803.00000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 94.82637024 0.00000000 1000.00000000
<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>
<CAPTION>
Certificate Component Statement
Class Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Balance
<S> <C> <C> <C> <C> <C> <C>
SUB 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 12,341,378.41
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 300,327.76
Realized Losses 0.00
Total Deposits 12,641,706.17
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 268,141.64
Payment of Interest and Principal 12,373,564.53
Total Withdrawals (Pool Distribution Amount) 12,641,706.17
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 265,450.40
Trustee Fee - Wells Fargo Bank 1,857.91
Verification Fee - Wells Fargo Bank 833.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 268,141.64
</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 10 2 0 12
1,145,602.88 101,266.04 0.00 1,246,868.92
30 Days 175 3 0 0 178
15,453,607.42 198,350.56 0.00 0.00 15,651,957.98
60 Days 63 6 19 0 88
4,245,533.89 351,863.47 1,765,654.39 0.00 6,363,051.75
90 Days 14 5 43 0 62
1,550,895.51 399,678.62 3,866,419.39 0.00 5,816,993.52
120 Days 6 2 27 1 36
597,536.92 208,359.55 1,895,759.98 64,682.75 2,766,339.20
150 Days 0 0 2 1 3
0.00 0.00 144,136.42 163,744.34 307,880.76
180+ Days 0 0 1 0 1
0.00 0.00 76,801.85 0.00 76,801.85
Totals 258 26 94 2 380
21,847,573.74 2,303,855.08 7,850,038.07 228,427.09 32,229,893.98
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 0.154823% 0.030965% 0.000000% 0.185787%
0.181820% 0.016072% 0.000000% 0.197892%
30 Days 2.709398% 0.046447% 0.000000% 0.000000% 2.755845%
2.452660% 0.031480% 0.000000% 0.000000% 2.484140%
60 Days 0.975383% 0.092894% 0.294163% 0.000000% 1.362440%
0.673814% 0.055845% 0.280229% 0.000000% 1.009887%
90 Days 0.216752% 0.077411% 0.665738% 0.000000% 0.959901%
0.246144% 0.063433% 0.613644% 0.000000% 0.923222%
120 Days 0.092894% 0.030965% 0.418021% 0.015482% 0.557362%
0.094836% 0.033069% 0.300878% 0.010266% 0.439049%
150 Days 0.000000% 0.000000% 0.030965% 0.015482% 0.046447%
0.000000% 0.000000% 0.022876% 0.025988% 0.048864%
180+ Days 0.000000% 0.000000% 0.015482% 0.000000% 0.015482%
0.000000% 0.000000% 0.012189% 0.000000% 0.012189%
Totals 3.994426% 0.402539% 1.455334% 0.030965% 5.883264%
3.467454% 0.365648% 1.245889% 0.036254% 5.115244%
</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 300,327.76
<FN>
Delinquencies are stratified according to the information the Servicer has
provided. All 90 dyas include 90+ delinquent loans.
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 10.339034%
Weighted Average Net Coupon 9.839034%
Weighted Average Pass-Through Rate 9.835534%
Weighted Average Maturity(Stepdown Calculation ) 345
Beginning Scheduled Collateral Loan Count 6,519
Number Of Loans Paid In Full 60
Ending Scheduled Collateral Loan Count 6,459
Beginning Scheduled Collateral Balance 637,080,341.03
Ending Scheduled Collateral Balance 630,075,411.48
Ending Actual Collateral Balance at 31-Oct-2000 630,075,411.48
Monthly P &I Constant 5,977,746.97
Ending Scheduled Balance for Premium Loans 630,075,411.48
Scheduled Principal 340,970.37
Unscheduled Principal 6,663,959.18
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 16,374,900.00
Overcollateralized Amount 0.00
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 16,374,900.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,553,605.66
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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