DBRS Places Four Classes Under Review with Negative Implications from Four Ameriquest Mortgage Securities Inc. Transactions: 2004-R7, 2004-R8, 2004-R9 & 2004-R11

DBRS has today placed four classes Under Review with Negative Implications from four Ameriquest Mortgage Trust Securities Inc. transactions.

-- $12,000,000 Asset-Backed Pass-Through Certificates, Series 2004-R7, Class M-11 currently rated BBB (low)
-- $15,000,000 Asset-Backed Pass-Through Certificates, Series 2004-R8, Class M-10 currently rated BB (high)
-- $7,000,000 Asset-Backed Pass-Through Certificates, Series 2004-R9, Class M-9 currently rated BB (high)
-- $14,250,000 Asset-Backed Pass-Through Certificates, Series 2004-R11, Class M-10 currently rated BB (high)

The above ratings were placed Under Review with Negative Implications as a result of the increased 90+ day delinquency pipeline relative to the available level of credit enhancement. The mortgage loans consist primarily of adjustable-rate and fixed-rate mortgage loans that are secured by first liens on residential properties.

Note:
All figures in US dollars unless otherwise noted.

DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.

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