Sixteen tranches from four issues of Ameriquest Mortgage Securities Inc. Quest Trust scratch-and-dent transactions have been downgraded by Moody's Investors Service.The downgrades resulted from "a significant slowdown of prepayment speeds and the rapid pace of losses resulting from a higher-than-anticipated delinquency pipeline build-up and higher severities of losses upon liquidation of small-balance mortgage collateral," Moody's said. The collateral consists primarily of first-lien scratch-and-dent mortgage loans. The rating agency can be found online at http://www.moodys.com.

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