The Harris Texas Trust Agreement of Ameriquest Mortgage Securities, Inc. is a legal document that governs the creation and operation of a trust formed by Ameriquest Mortgage Securities, Inc. in relation to mortgage-backed securities issued in Texas. This agreement outlines the rights and responsibilities of the parties involved, including the trustee (Harris Texas Trust), the issuer (Ameriquest Mortgage Securities, Inc.), and the investors. The primary purpose of this trust agreement is to provide a mechanism for pooling mortgage loans and transforming them into tradable securities. Through this agreement, Ameriquest Mortgage Securities, Inc. can bundle together a portfolio of mortgages and issue mortgage-backed securities to investors, backed by the cash flows from these mortgage loans. The Harris Texas Trust Agreement of Ameriquest Mortgage Securities, Inc. incorporates various provisions to protect the interests of investors and ensure compliance with applicable laws and regulations. These provisions may include guidelines for loan servicing, reporting requirements, cash flow distribution mechanisms, and the handling of delinquent loans or defaults. Different types of Harris Texas Trust Agreements may exist, depending on the specific mortgage-backed securities issued by Ameriquest Mortgage Securities, Inc. Some examples include: 1. Harris Texas Trust Agreement for Residential Mortgage-Backed Securities: This type of trust agreement would be specific to mortgage-backed securities backed by residential mortgage loans in Texas. 2. Harris Texas Trust Agreement for Commercial Mortgage-Backed Securities: This trust agreement would pertain to mortgage-backed securities backed by commercial mortgage loans in Texas. 3. Harris Texas Trust Agreement for Prime Mortgage-Backed Securities: This type of trust agreement would be applicable to mortgage-backed securities backed by prime mortgage loans (loans extended to borrowers with excellent credit histories). 4. Harris Texas Trust Agreement for Subprime Mortgage-Backed Securities: This trust agreement would govern mortgage-backed securities backed by subprime mortgage loans (loans extended to borrowers with lower creditworthiness). These are just a few examples, and the specific types of Harris Texas Trust Agreements may vary depending on the characteristics of the mortgage-backed securities issued by Ameriquest Mortgage Securities, Inc.