Exhibit 31
                              ABFC 2005-AQ1 TRUST,
                   ASSET-BACKED CERTIFICATES, SERIES 2005-AQ1

      I, Daniel B. Goodwin, the President of Asset Backed Funding Corporation,
certify that:

1.       I have reviewed this annual report on Form 10-K, and all monthly
         current reports on Form 8-K containing distribution or servicing
         reports filed in respect of periods included in the year covered by
         this annual report of the ABFC 2005-AQ1 Trust formed pursuant to the
         Pooling and Servicing Agreement, dated as of June 1, 2005 (the
         "Agreement"), among Asset Backed Funding Corporation, as depositor,
         Ameriquest Mortgage Company, as servicer (the "Servicer") and Deutsche
         Bank National Trust Company, as trustee (the "Trustee");

2.       Based on my knowledge, the information in these reports, taken as a
         whole, does not contain any untrue statement of a material fact or omit
         to state a material fact necessary to make the statements made, in
         light of the circumstances under which such statements were made, not
         misleading as of the last day of the period covered by this annual
         report;

3.       Based on my knowledge, the distribution or servicing information
         required to be provided to the Trustee by the Servicer under the
         Agreement for inclusion in these reports is included in these reports;

4.       Based on my knowledge and upon the annual compliance statement included
         in the report and required to be delivered to the Trustee in accordance
         with the terms of the Agreement, and except as disclosed in the
         reports, the Servicer has fulfilled its obligations under the
         Agreement; and

5.       The reports disclose all significant deficiencies relating to the
         Servicer's compliance with the minimum servicing standards based upon
         the report provided by an independent public accountant, after
         conducting a review in compliance with the Uniform Single Attestation
         Program for Mortgage Bankers or similar procedure as set forth in the
         Agreement, that is included in these reports.

In giving the certifications above, I have reasonably relied on information
provided to me by the following unaffiliated parties: Ameriquest Mortgage
Company and Deutsche Bank National Trust Company.

Dated:  March 28, 2006


                                      By: /s/ Daniel B. Goodwin
                                         ---------------------------------------
                                         Name:  Daniel B. Goodwin
                                         Title: President