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Fitch Rates $1.2B AMSI Asset-Backed P-T Ctfs, Series 2005-R6.

NEW YORK -- Ameriquest Mortgage Securities Inc. asset-backed P-T certificates are rated by Fitch Ratings as follows:

--$967.2 million publicly offered classes A-1A, A-1B, and A-2 'AAA';

--$57.00 million class M-1 certificates 'AA+';

--$49.80 million class M-2 certificates 'AA';

--$13.80 million class M-3 certificates 'AA-';

--$18.00 million class M-4 certificates 'A+';

--$16.80 million class M-5 certificates 'A';

--$12.60 million class M-6 certificates 'A-';

--$10.20 million class M-7 certificates 'BBB+';

--$11.40 million class M-8 certificates 'BBB';

--$11.40 million class M-9 certificates 'BBB-';

--$13.20 million class M-10 certificates 'BB+';

--$6.60 million class M-11 certificates 'BB'.

Credit enhancement for the 'AAA' rated class A certificates reflects the 19.40% subordination provided by classes M-1 through M-11, monthly excess interest, and initial overcollateralization (OC) of 1.00%. Credit enhancement for the 'AA+' rated class M-1 certificates reflects the 14.65% subordination provided by classes M-2 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'AA' rated class M-2 certificates reflects the 10.50% subordination provided by classes M-3 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'AA-' rated class M-3 certificates reflects the 9.35% subordination provided by classes M-4 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'A+' rated class M-4 certificates reflects the 7.85% subordination provided by classes M-5 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'A' rated class M-5 certificates reflects the 6.45% subordination provided by classes M-6 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'A-' rated class M-6 certificates reflects 5.40% subordination provided by classes M-7 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'BBB+' rated class M-7 certificates reflects the 4.55% subordination provided by classes M-8 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'BBB' rated class M-8 certificates reflects the 3.60% subordination provided by classes M-9 through M-11, monthly excess interest, and initial OC. Credit enhancement for the 'BBB-' rated class M-9 certificates reflects the 2.65% subordination provided by classes M-10 through M-11, monthly excess interest, and initial OC. Credit enhancement for the non-offered 'BB+' rated class M-10 certificates reflects the 1.55% subordination provided by class M-11, monthly excess interest, and initial OC. Credit enhancement for the non-offered 'BB' class M-11 certificates reflects 1.00% subordination provided by monthly excess interest and initial OC.

In addition, the ratings reflect the integrity of the transaction's legal structure as well as the capabilities of Ameriquest Mortgage Company as master servicer. Deutsche Bank National Trust Company will act as trustee.

As of the cut-off date, the group I mortgage loans have an aggregate principal balance of $824,930,407, and the average balance of the mortgage loans is approximately $154,684. The weighted average loan rate is approximately 8.016%. The weighted average remaining term to maturity is 353 months. The weighted average original loan-to-value (OLTV) ratio is 77.60%. The properties are primarily located in Florida (12.40%), California (11.04%), New York (7.70%), Massachusetts (6.17%), New Jersey (5.63%), and Maryland (5.07%). All other states represent less than 5% of the group I pool balance as of the cut-off date.

As of the cut-off date, the group II mortgage loans have an aggregate principal balance of $375,070,124, and the average balance is approximately $212,384. The weighted average loan rate is approximately 8.008%. The weighted average remaining term to maturity is 354 months. The weighted average OLTV ratio is 79.27%. The properties are primarily located in California (21.88%), Florida (10.66%), New York (8.89%), Massachusetts (6.09%), and New Jersey (6.02%). All other states represent less than 5% of the group II pool balance as of the cut-off date.

The mortgage loans were originated or acquired by Ameriquest Mortgage Company. Ameriquest Mortgage Company is a specialty finance company engaged in the business of originating, purchasing, and selling retail and wholesale subprime mortgage loans.

Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 1, 2005
Words:725
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