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Previous: AMERIQUEST MORTGAGE SEC INC FLOAT RATE MO PA TH CE SE 2000-2, 8-K, 2000-07-28 |
Next: DELTA FUND HM EQU LN 2000-2 HM EQU LN ASS BKD CRT SER 2000-2, 8-K, 2000-07-28 |
<TABLE>
<CAPTION>
Ameriquest Mortgage Securities INC.
Mortgage Pass-Through Certificates
Record Date: 06/30/2000
Distribution Date: 07/17/2000
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 6.95000% 524,000,000.00 2,427,866.67 1,323,485.42
M-1 03072SAH8 MEZ 7.30000% 54,037,000.00 262,982.50 0.00
M-2 03072SAJ4 MEZ 7.70000% 29,475,000.00 151,305.00 0.00
M-3 03072SAK1 MEZ 9.05200% 31,112,500.00 187,753.57 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 13,032.13 0.00
CE AMQ0001CE SUB 0.00000% 16,375,400.00 2,284,195.25 0.00
Totals 655,000,000.00 5,327,135.12 1,323,485.42
</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 0.00 522,676,514.58 3,751,352.09 0.00
M-1 0.00 54,037,500.00 262,982.50 0.00
M-2 0.00 29,475,000.00 151,305.00 0.00
M-3 0.00 31,112,500.00 187,753.57 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 13,032.13 0.00
CE 0.00 16,374,900.00 2,284,195.25 0.00
Totals 0.00 653,676,514.58 6,650,620.54 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 524,000,000.00 524,000,000.00 264,763.51 1,058,721.91 0.00 0.00
M-1 54,037,000.00 54,037,000.00 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 16,375,400.00 16,375,400.00 0.00 0.00 0.00 0.00
Totals 655,000,000.00 655,000,000.00 264,763.51 1,058,721.91 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 1,323,485.42 522,676,514.58 0.99747426 1,323,485.42
M-1 0.00 54,037,500.00 1.00000925 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 0.99996947 0.00
Totals 1,323,485.42 653,676,514.58 0.99797941 1,323,485.42
</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 1000.00000000 0.50527387 2.02046166 0.00000000
M-1 54,037,000.00 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 16,375,400.00 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 2.52573553 997.47426447 0.99747426 2.52573553
M-1 0.00000000 0.00000000 1,000.00925292 1.00000925 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 999.96946639 0.99996947 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 6.95000% 524,000,000.00 2,427,866.67 0.00 0.00
M-1 54,037,000.00 7.30000% 54,037,000.00 262,982.50 0.00 0.00
M-2 29,475,000.00 7.70000% 29,475,000.00 151,305.00 0.00 0.00
M-3 31,112,500.00 9.05200% 31,112,500.00 187,753.57 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 16,375,400.00 0.00000% 16,375,400.00 0.00 0.00 0.00
Totals 655,000,000.00 3,029,907.74 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 2,427,866.67 0.00 522,676,514.58
M-1 0.00 0.00 262,982.50 0.00 54,037,500.00
M-2 0.00 0.00 151,305.00 0.00 29,475,000.00
M-3 0.00 0.00 187,753.57 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 13,032.13 0.00 100.00
CE 0.00 0.00 2,284,195.25 0.00 16,374,900.00
Totals 0.00 0.00 5,327,135.12 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 6.95000% 1000.00000000 4.63333334 0.00000000 0.00000000
M-1 54,037,000.00 7.30000% 1000.00000000 4.86671170 0.00000000 0.00000000
M-2 29,475,000.00 7.70000% 1000.00000000 5.13333333 0.00000000 0.00000000
M-3 31,112,500.00 9.05200% 1000.00000000 6.03466677 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 16,375,400.00 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 4.63333334 0.00000000 997.47426447
M-1 0.00000000 0.00000000 4.86671170 0.00000000 1000.00925292
M-2 0.00000000 0.00000000 5.13333333 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 6.03466677 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 130321.30000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 139.48943232 0.00000000 999.96946639
<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>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<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 6,852,033.50
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 9,801.98
Realized Losses 0.00
Total Deposits 6,861,835.48
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 211,214.94
Payment of Interest and Principal 6,650,620.54
Total Withdrawals (Pool Distribution Amount) 6,861,835.48
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 208,471.19
Trustee Fee - Wells Fargo Bank 1,910.42
Verification Fee - Wells Fargo Bank 833.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 211,214.94
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/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
30 Days 7 0 0 0 7
741,956.98 0.00 0.00 0.00 741,956.98
60 Days 3 0 0 0 3
302,938.50 0.00 0.00 0.00 302,938.50
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 10 0 0 0 10
1,044,895.48 0.00 0.00 0.00 1,044,895.48
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
30 Days 0.135922% 0.000000% 0.000000% 0.000000% 0.135922%
0.148688% 0.000000% 0.000000% 0.000000% 0.148688%
60 Days 0.058252% 0.000000% 0.000000% 0.000000% 0.058252%
0.060709% 0.000000% 0.000000% 0.000000% 0.060709%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.194175% 0.000000% 0.000000% 0.000000% 0.194175%
0.209396% 0.000000% 0.000000% 0.000000% 0.209396%
(7)Deliquencies are stratified according to the information the Servicers has
provided. All Bankruptcy and REO loans are reported in the 30 day
deliquency field.
</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 9,801.98
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 9.967067%
Weighted Average Net Coupon 9.467063%
Weighted Average Pass-Through Rate 9.462481%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 5,162
Number Of Loans Paid In Full 12
Ending Scheduled Collateral Loan Count 5,150
Beginning Scheduled Collateral Balance 500,326,976.55
Ending Scheduled Collateral Balance 499,003,491.13
Ending Actual Collateral Balance at 30-Jun-2000 499,003,491.13
Monthly P &I Constant 5,803,111.95
Ending Scheduled Balance for Premium Loans 499,003,491.13
Scheduled Principal 264,763.51
Unscheduled Principal 1,058,721.91
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 2,285,028.58
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Initial Deposit for August First Pay Loan 149,406.58
Interest Coverage Account Transfer Amount 1,220,249.38
Pre-Payment Penalties 13,032.13
Balance of Subsequent Mortgage Loans Adde 0.00
Number of Subsequent Mortgage Loans Added 0
Pre-Funding Account Balance at Determinat 154,673,023.45
Interest Coverage Account Balance at Dete 944,472.15
Credit Enhancement Percentage 20.040493%
</TABLE>
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