Ameriquest MBS Classes Downgraded

Three certificates from two deals issued by Ameriquest Mortgage Securities Inc. have been downgraded by Moody's Investors Service.The downgrades were as follows: series 2002-3, class M-4, from B3 to Caa2; Quest Trust 2004-X3, class M-6, from Ba1 to Ba2; and Quest Trust 2004-X3, class M-7, from Ba2 to B1. The downgrades were prompted by declines in overcollateralization to below-target levels, the rating agency said.