8-K 1 bay0300d.txt SEPTEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 29, 2003 BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2003-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104181-01 54-2121782 Pooling and Servicing Agreement) (Commission 54-2121783 (State or other File Number) 54-2121784 jurisdiction 54-2121785 of Incorporation) 54-2121786 IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410)884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On September 29, 2003 a distribution was made to holders of BAYVIEW FINANCIAL SECURITIES COMPANY, LLC., Mortgage Pass-Through Certificates, Series 2003-D Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-D Trust, relating to the September 29, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2003-D Trust By: Wells Fargo Bamk Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-D Trust, relating to the September 29, 2003 distribution. EX-99.1

Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 78/31/03 Distribution Date: 89/2829/03 BAY Series: 2003-D Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution IO 073249BG8 SEN 0.60000% 0.00 ~~196~~202,~~759~~600.3841 0.00 AIO 073249BE3 SEN 4.00000% 0.00 ~~360~~386,~~888~~666.8967 0.00 A 073249BD5 SEN 1.~~55000~~56000% ~~375~~358,~~233~~806,~~000~~570.0016 ~~468~~497,~~520~~545.0911 1620,~~426~~376,~~429~~528.8433 M1 073249BH6 MEZ 1.~~95000~~96000% 22,134,000.00 3438,~~768~~562.8235 0.00 M2 073249BJ2 MEZ 2.~~70000~~71000% 4,216,000.00 910,~~169~~155.8088 0.00 M3 073249BK9 MEZ 3.~~25000~~26000% 7,378,000.00 1921,~~316~~379.0180 0.00 M4 073249BL7 MEZ 3.~~90000~~91000% 3,162,000.00 910,~~933~~989.9571 0.00 B 073240BF0 JUN 5.~~35000~~36000% 8,432,000.00 3640,~~339~~173.5880 0.00 F 073249BP8 SEN 1.~~90000~~89000% 0.00 ~~413~~434,~~367~~333.5157 0.00 P 073249BR4 SEN 0.00000% 100.00 0.00 0.00 X 073249BQ6 SEN 0.00000% 0.00 ~~261~~43,~~987~~768.4880 0.00 R 073249BM5 SEN 0.00000% 0.00 0.00 0.00 Totals ~~420~~404,~~555~~128,~~100~~670.0016 1,~~811~~686,~~051~~176.5110 1620,~~426~~376,~~429~~528.8433

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses IO 0.00 0.00 ~~196~~202,~~759~~600.3841 0.00 AIO 0.00 0.00 ~~360~~386,~~888~~666.8967 0.00 A 0.00 ~~358~~338,~~806~~430,~~570~~041.1683 1620,~~894~~874,~~949~~073.9344 0.00 M1 0.00 22,134,000.00 3438,~~768~~562.8235 0.00 M2 0.00 4,216,000.00 910,~~169~~155.8088 0.00 M3 0.00 7,378,000.00 1921,~~316~~379.0180 0.00 M4 0.00 3,162,000.00 910,~~933~~989.9571 0.00 B 0.00 8,432,000.00 3640,~~339~~173.5880 0.00 F 0.00 0.00 ~~413~~434,~~367~~333.5157 0.00 P 0.00 100.00 0.00 0.00 X 0.00 0.00 ~~261~~43,~~987~~768.4880 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~404~~383,~~128~~752,~~670~~141.1683 1822,~~237~~062,~~481~~704.3543 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) IO 0.00 0.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 A 375,233,000.00 ~~375~~358,~~233~~806,~~000~~570.0016 1983,~~005,791~~482.7668 1519,~~420~~393,~~638~~045.0865 0.00 0.00 M1 22,134,000.00 22,134,000.00 0.00 0.00 0.00 0.00 M2 4,216,000.00 4,216,000.00 0.00 0.00 0.00 0.00 M3 7,378,000.00 7,378,000.00 0.00 0.00 0.00 0.00 M4 3,162,000.00 3,162,000.00 0.00 0.00 0.00 0.00 B 8,432,000.00 8,432,000.00 0.00 0.00 0.00 0.00 F 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 420,555,100.00 ~~420~~404,~~555~~128,~~100~~670.0016 1983,~~005,791~~482.7668 1519,~~420~~393,~~638~~045.0865 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution IO 0.00 0.00 0.00000000 0.00 AIO 0.00 0.00 0.00000000 0.00 A 1620,~~426~~376,~~429~~528.8433 ~~358~~338,~~806~~430,~~570~~041.1683 0.~~95622339~~90191972 1620,~~426~~376,~~429~~528.8433 M1 0.00 22,134,000.00 1.00000000 0.00 M2 0.00 4,216,000.00 1.00000000 0.00 M3 0.00 7,378,000.00 1.00000000 0.00 M4 0.00 3,162,000.00 1.00000000 0.00 B 0.00 8,432,000.00 1.00000000 0.00 F 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1620,~~426~~376,~~429~~528.8433 ~~404~~383,~~128~~752,~~670~~141.1683 0.~~96094108~~91248957 1620,~~426~~376,~~429~~528.8433

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A 375,233,000.00 ~~1000~~956.~~00000000~~22338696 2.~~68044591~~62099197 4151.~~09616713~~68267623 0.00000000 M1 22,134,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 4,216,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,378,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 3,162,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 8,432,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 F 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A 0.00000000 4354.~~77661304~~30366820 ~~956~~901.~~22338696~~91971876 0.~~95622339~~90191972 4354.~~77661304~~30366820 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 F 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall IO 0.00 0.60000% ~~421~~405,~~627~~200,~~245~~815.3248 ~~196~~202,~~759~~600.3841 0.00 0.00 AIO 0.00 4.00000% 116,000,000.00 ~~360~~386,~~888~~666.8967 0.00 0.00 A 375,233,000.00 1.~~55000~~56000% ~~375~~358,~~233~~806,~~000~~570.0016 ~~468~~497,~~520~~545.0911 0.00 0.00 M1 22,134,000.00 1.~~95000~~96000% 22,134,000.00 3438,~~768~~562.8235 0.00 0.00 M2 4,216,000.00 2.~~70000~~71000% 4,216,000.00 910,~~169~~155.8088 0.00 0.00 M3 7,378,000.00 3.~~25000~~26000% 7,378,000.00 1921,~~316~~379.0180 0.00 0.00 M4 3,162,000.00 3.~~90000~~91000% 3,162,000.00 910,~~933~~989.9571 0.00 0.00 B 8,432,000.00 5.~~35000~~36000% 8,432,000.00 3640,~~339~~173.5880 0.00 0.00 F 0.00 1.~~90000~~89000% ~~270~~258,~~076~~531,~~778~~887.1710 ~~413~~434,~~367~~333.5157 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 X 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 420,555,100.00 1,~~549~~642,~~064~~407.0330 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance IO 0.00 0.00 ~~196~~202,~~759~~600.3841 0.00 ~~405~~384,~~200~~868,~~815~~055.4895 AIO 0.00 0.00 ~~360~~386,~~888~~666.8967 0.00 116,000,000.00 A 0.00 0.00 ~~468~~497,~~520~~545.0911 0.00 ~~358~~338,~~806~~430,~~570~~041.1683 M1 0.00 0.00 3438,~~768~~562.8235 0.00 22,134,000.00 M2 0.00 0.00 910,~~169~~155.8088 0.00 4,216,000.00 M3 0.00 0.00 1921,~~316~~379.0180 0.00 7,378,000.00 M4 0.00 0.00 910,~~933~~989.9571 0.00 3,162,000.00 B 0.00 0.00 3640,~~339~~173.5880 0.00 8,432,000.00 F 0.00 0.00 ~~413~~434,~~367~~333.5157 0.00 ~~258~~244,~~531~~481,~~887~~021.1086 P 0.00 0.00 0.00 0.00 100.00 X 0.00 0.00 ~~261~~43,~~987~~768.4880 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~811~~686,~~051~~176.5110 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall IO 0.00 0.60000% ~~1000~~961.~~03851968~~07741656 0.~~46668464~~48053871 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 3.~~11111112~~33333336 0.00000000 0.00000000 A 375,233,000.00 1.~~55000~~56000% ~~1000~~956.~~00000000~~22338696 1.~~24861110~~32596309 0.00000000 0.00000000 M1 22,134,000.00 1.~~95000~~96000% 1000.00000000 1.~~57083311~~74222237 0.00000000 0.00000000 M2 4,216,000.00 2.~~70000~~71000% 1000.00000000 2.~~17500000~~40888994 0.00000000 0.00000000 M3 7,378,000.00 3.~~25000~~26000% 1000.00000000 2.~~61805503~~89777718 0.00000000 0.00000000 M4 3,162,000.00 3.~~90000~~91000% 1000.00000000 3.~~14166667~~47555661 0.00000000 0.00000000 B 8,432,000.00 5.~~35000~~36000% 1000.00000000 4.~~30972249~~76444497 0.00000000 0.00000000 F 0.00 1.~~90000~~89000% ~~1000~~957.~~00000000~~25329979 1.~~53055554~~60818554 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance IO 0.00000000 0.00000000 0.~~46668464~~48053871 0.00000000 ~~961~~912.~~07741656~~85106742 AIO 0.00000000 0.00000000 3.~~11111112~~33333336 0.00000000 1000.00000000 A 0.00000000 0.00000000 1.~~24861110~~32596309 0.00000000 ~~956~~901.~~22338696~~91971876 M1 0.00000000 0.00000000 1.~~57083311~~74222237 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~17500000~~40888994 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~61805503~~89777718 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~14166667~~47555661 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~30972249~~76444497 0.00000000 1000.00000000 F 0.00000000 0.00000000 1.~~53055554~~60818554 0.00000000 ~~957~~905.~~25329979~~22785230 P 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1822,~~429~~306,~~578~~232.0269 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7082,~~673~~978.6940 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1822,~~500~~389,~~251~~211.7109 Withdrawals Reimbursement for Servicer Advances 070,673.0069 Payment of Service Fee ~~262~~255,~~770~~832.3697 Payment of Interest and Principal 1822,~~237~~062,~~481~~704.3543 Total Withdrawals (Pool Distribution Amount) 1822,~~500~~389,~~251~~211.7109 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~189~~182,~~076~~853.6045 Custodian Fee ~~878~~844.5153 Indenture Trustee Fee 1,~~756~~688.6336 RMIC Premium 65,~~788~~381.4765 Wells Fargo 5,~~270~~064.1598 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~262~~255,~~770~~832.3697

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1331 0 0 1331 12,~~328~~549,~~814~~176.3758 0.00 0.00 12,~~328~~549,~~814~~176.3758 30 Days 8892 4 0 0 9296 7,~~968~~147,~~524~~204.3025 298,~~962~~759.5260 0.00 0.00 87,~~267~~445,~~486~~963.8285 60 Days 510 02 03 0 515 ~~493~~1,~~065~~761,883.0662 0228,398.0027 0299,705.0088 0.00 ~~493~~2,~~065~~289,987.0677 90 Days 01 0 0 0 01 0105,975.0074 0.00 0.00 0.00 0105,975.0074 120 Days 01 0 0 0 01 070,645.0018 0.00 0.00 0.00 070,645.0018 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 93104 1737 03 0 ~~110~~144 89,~~461~~085,~~589~~708.3679 13,~~627~~076,~~776~~334.8945 0299,705.0088 0.00 1012,~~089~~461,~~366~~749.2512 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~337838~~833782% 0.000000% 0.000000% 0.~~337838~~833782% 0.~~327314~~661013% 0.000000% 0.000000% 0.~~327314~~661013% 30 Days 2.~~286902~~474449% 0.~~103950~~107585% 0.000000% 0.000000% 2.~~390852~~582033% 1.~~962807~~853301% 0.~~073640~~077470% 0.000000% 0.000000% 21.~~036447~~930771% 60 Days 0.~~129938~~268962% 0.~~000000~~053792% 0.~~000000~~080689% 0.000000% 0.~~129938~~403443% 0.~~121452~~456864% 0.~~000000~~059225% 0.~~000000~~077715% 0.000000% 0.~~121452~~593804% 90 Days 0.~~000000~~026896% 0.000000% 0.000000% 0.000000% 0.~~000000~~026896% 0.~~000000~~027480% 0.000000% 0.000000% 0.000000% 0.~~000000~~027480% 120 Days 0.~~000000~~026896% 0.000000% 0.000000% 0.000000% 0.~~000000~~026896% 0.~~000000~~018319% 0.000000% 0.000000% 0.000000% 0.~~000000~~018319% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~416840~~797203% 0.~~441788~~995159% 0.~~000000~~080689% 0.000000% 23.~~858628~~873050% 2.~~084259~~355964% 0.~~400954~~797707% 0.~~000000~~077715% 0.000000% 23.~~485213~~231386%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 521 0 0 521 ~~435~~1,~~594~~521,892.8364 0.00 0.00 ~~435~~1,~~594~~521,892.8364 30 Days 6853 3 0 0 7156 43,~~944~~489,~~704~~457.9048 236,~~543~~382.2225 0.00 0.00 53,~~181~~725,~~248~~839.1273 60 Days 27 01 03 0 211 ~~114~~1,~~634~~326,418.6686 0128,729.0030 0299,705.0088 0.00 ~~114~~1,~~634~~754,854.6604 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 070,645.0018 0.00 0.00 0.00 070,645.0018 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 7061 825 03 0 7889 54,~~059~~886,~~339~~521.5652 ~~672~~1,~~138~~887,004.0519 0299,705.0088 0.00 57,~~731~~073,~~477~~231.6159 0-29 Days 0.~~205423~~893237% 0.000000% 0.000000% 0.~~205423~~893237% 0.~~202339~~740619% 0.000000% 0.000000% 0.~~202339~~740619% 30 Days 2.~~793755~~254360% 0.~~123254~~127605% 0.000000% 0.000000% 2.~~917009~~381965% 21.~~296869~~698120% 0.~~109877~~115034% 0.000000% 0.000000% 21.~~406746~~813154% 60 Days 0.~~082169~~297746% 0.~~000000~~042535% 0.~~000000~~127605% 0.000000% 0.~~082169~~467886% 0.~~053249~~645493% 0.~~000000~~062645% 0.~~000000~~145850% 0.000000% 0.~~053249~~853988% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.~~000000~~042535% 0.000000% 0.000000% 0.000000% 0.~~000000~~042535% 0.~~000000~~034379% 0.000000% 0.000000% 0.000000% 0.~~000000~~034379% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~875924~~594641% 01.~~328677~~063377% 0.~~000000~~127605% 0.000000% 3.~~204601~~785623% 2.~~350118~~377992% 0.~~312215~~918298% 0.~~000000~~145850% 0.000000% 23.~~662333~~442139% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 810 0 0 810 ~~893~~1,~~219~~027,283.5494 0.00 0.00 ~~893~~1,~~219~~027,283.5494 30 Days 2039 1 0 0 2140 3,~~023~~657,~~819~~746.4077 62,~~419~~377.3035 0.00 0.00 3,~~086~~720,~~238~~124.7012 60 Days 3 01 0 0 34 ~~378~~435,~~430~~464.4076 099,668.0097 0.00 0.00 ~~378~~535,~~430~~133.4073 90 Days 01 0 0 0 01 0105,975.0074 0.00 0.00 0.00 0105,975.0074 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2343 912 0 0 3255 34,~~402~~199,~~249~~187.8027 ~~955~~1,~~638~~189,330.8426 0.00 0.00 45,~~357~~388,~~888~~517.6453 0-29 Days 0.~~614912~~791766% 0.000000% 0.000000% 0.~~614912~~791766% 0.~~607552~~729986% 0.000000% 0.000000% 0.~~607552~~729986% 30 Days 13.~~537279~~087886% 0.~~076864~~079177% 0.000000% 0.000000% 13.~~614143~~167063% 2.~~056748~~599189% 0.~~042456~~044325% 0.000000% 0.000000% 2.~~099204~~643514% 60 Days 0.~~230592~~237530% 0.~~000000~~079177% 0.000000% 0.000000% 0.~~230592~~316706% 0.~~257402~~309441% 0.~~000000~~070825% 0.000000% 0.000000% 0.~~257402~~380265% 90 Days 0.~~000000~~079177% 0.000000% 0.000000% 0.000000% 0.~~000000~~079177% 0.~~000000~~075306% 0.000000% 0.000000% 0.000000% 0.~~000000~~075306% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~767871~~404592% 0.~~691776~~950119% 0.000000% 0.000000% 24.~~459646~~354711% 2.~~314149~~983936% 0.~~650008~~845136% 0.000000% 0.000000% 23.~~964157~~829072%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7082,~~673~~978.69 Class IO 45,322,100.00 10.74932651% 45,322,100.00 11.18509595% 0.000000% 0.000000% Class M-1 23,188,100.00 5.49966701% 23,188,100.00 5.72261928% 5.462477% 0.000000% Class M-2 18,972,100.00 4.49973186% 18,972,100.00 4.68214754% 1.040472% 0.000000% Class M-3 11,594,100.00 2.74984536% 11,594,100.00 2.86132198% 1.820826% 0.000000% Class M-4 8,432,100.00 1.99989400% 8,432,100.00 2.08096817% 0.780354% 0.000000% Class B 100.00 0.00002372% 100.00 0.00002468% 2.080943% 0.000000% Class F 100.00 0.00002372% 100.00 0.00002468% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000025% 0.000000% Class X 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure40

~~COLLATERAL~~Class ~~STATEMENT~~IO ~~Collateral~~45,322,100.00 ~~Description~~10.74932651% ~~Fixed~~45,322,100.00 &11.77600980% ~~Mixed~~0.000000% ~~ARM~~0.000000% ~~Weighted~~Class ~~Average~~M-1 ~~Gross~~23,188,100.00 ~~Coupon 7~~5.~~158544~~49966701% ~~Weighted~~23,188,100.00 ~~Average Net Coupon~~ 6.~~620410~~02494794% ~~Weighted~~5.751062% ~~Average~~0.000000% ~~Pass~~Class M-~~Through~~2 ~~Rate~~18,972,100.00 64.~~408168~~49973186% ~~Weighted Average Maturity(Stepdown Calculation ) 254 Beginning Scheduled Collateral Loan Count 3~~18,~~937~~972,100.00 ~~Number~~4.92950758% Of1.095440% ~~Loans~~0.000000% ~~Paid~~Class ~~In Full 89 Ending Scheduled Collateral Loan Count~~ M-3~~,848~~ ~~Beginning Scheduled Collateral Balance 421~~11,~~627~~594,~~345~~100.3200 ~~Ending~~2.74984536% ~~Scheduled Collateral Balance 405~~11,~~200~~594,~~815~~100.4800 ~~Ending~~3.01248696% ~~Actual~~1.917021% ~~Collateral~~0.000000% ~~Balance~~Class ~~at 31~~M-~~Jul-2003~~4 ~~405~~8,~~975~~432,~~958~~100.9300 ~~Monthly~~1.99989400% ~~P &I Constant 3~~8,~~520~~432,~~989~~100.4400 ~~Special~~2.19090669% ~~Servicing~~0.821580% ~~Fee~~ 0.00000000% ~~Prepayment~~Class ~~Penalties~~B 0100.00 ~~Realized~~0.00002372% ~~Loss~~100.00 ~~Amount~~0.00002598% 2.190881% 0.00000000% ~~Cumulative~~Class ~~Realized~~F ~~Loss~~100.00 0.00002372% 100.00 ~~Ending~~0.00002598% ~~Scheduled~~0.000000% ~~Balance~~0.000000% ~~for~~Class ~~Premium~~P ~~Loans~~0.00 ~~405,200,815~~0.4800000000% ~~Scheduled~~0.00 ~~Principal~~0.00000000% ~~1,005,791~~0.76000026% ~~Unscheduled Principal 15,420,638~~0.08000000% ~~Required~~Class ~~Overcollateralization~~X ~~Amount~~ 0.00 ~~Overcollateralized~~0.00000000% ~~Increase~~0.00 ~~Amount~~0.00000000% ~~261,987~~0.48000000% ~~Overcollateralized~~0.000000% ~~reduction~~Class ~~Amount~~R 0.00 ~~Specified~~0.00000000% ~~O/C~~0.00 ~~Amount 12,648,817~~0.3600000000% ~~Overcollateralized Amount 1,072,145~~0.32000000% ~~Overcollateralized Deficiency Amount 11,576,572~~0.04000000% ~~Base~~Please ~~Overcollateralized~~Refer ~~Amount~~to ~~2,108,136.23~~the ~~Extra~~Prospectus ~~principal~~Supplement ~~distribution~~for ~~Amount~~a ~~0.00~~Full ~~Excess~~Description ~~Cash~~of ~~Amount~~Loss ~~261,987.48~~Exposure

~~Cap~~COLLATERAL ~~Amount~~STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.156423% Weighted Average Net Coupon 6.614904% Weighted Average Pass-Through Rate 6.398776% Weighted Average Maturity(Stepdown Calculation ) 253 Beginning Scheduled Collateral Loan Count 3,848 Number Of Loans Paid In Full 130 Ending Scheduled Collateral Loan Count 3,718 Beginning Scheduled Collateral Balance 405,200,815.48 Ending Scheduled Collateral Balance 384,868,055.95 Ending Actual Collateral Balance at 31-Aug-2003 385,647,241.65 Monthly P &I Constant 3,399,973.16 Special Servicing Fee 0.00 ~~Floor~~Prepayment Penalties 0.00 Realized Loss Amount ~~(444~~0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 384,~~504~~868,055.~~89)~~95 ~~Other~~Scheduled ~~Income~~Principal 4983,~~007~~482.5568 Unscheduled Principal 19,349,276.85

~~Group~~Cap Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed ARM Weighted Average Coupon Rate 8.138755 5.975068 6.066688 Weighted Average Net Rate 7.595238 5.553538 5.501222 Weighted Average Maturity 240 348 248 Beginning Loan Count 2,494 116 1,327 Loans Paid In Full 60 3 26 Ending Loan Count 2,434 113 1,301 Beginning Scheduled Balance 224,200,895.99 45,875,882.18 151,550,467.15 Ending scheduled Balance 214,863,564.46 43,668,322.64 146,668,928.38 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 2,121,596.27 239,996.04 1,159,397.13 Scheduled Principal 600,999.40 11,569.79 393,222.57 Unscheduled Principal 8,736,332.13 2,195,989.75 4,488,316.20 Scheduled Interest 1,520,596.87 228,426.25 766,174.56 Servicing Fees 101,547.57 16,115.05 71,413.98 Master Servicing Fees 2,802.34 573.45 1,894.36 Trustee Fee 934.12 191.14 631.37 FRY Amount 0.00 ~~0.00~~Floor ~~0.00~~Amount ~~Special Hazard Fee 0.00 0.00 0.00 Other Fee 39~~(434,~~358~~333.~~27 4,088.51 22,341.69 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 467.14 95.~~57) ~~315.80~~Other ~~Spread~~Income ~~Fee~~ 3 ~~0.00 0.00 0.00 Net Interest 1~~,~~375,020~~620.03 207,266.92 669,261.63 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.359578 5.421592 5.29931738

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~Specified Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.158544 Weighted Average Net Rate 6.620410 Weighted Average Maturity 254 Beginning Loan Count 3,937 Loans Paid In Full 89 Ending Loan Count 3,848 Beginning Scheduled Balance 421,627,245.32 Ending scheduled Balance 405,200,815.48 Record Date 07O/~~31/2003~~C ~~Principal~~Amount ~~And Interest Constant 3~~12,~~520~~648,~~989~~817.4436 ~~Scheduled~~Overcollateralized ~~Principal~~Amount 1,~~005~~115,~~791~~914.7612 ~~Unscheduled~~Overcollateralized ~~Principal~~Deficiency 15Amount 11,~~420~~576,~~638~~572.0804 ~~Scheduled~~Base ~~Interest~~Overcollateralization Amount 2,~~515~~108,~~197~~136.6823 ~~Servicing~~Extra ~~Fees~~Principal ~~189,076.60~~Distribution ~~Master~~Amount ~~Servicing Fees 5~~43,~~270~~768.1580 ~~Trustee~~Excess ~~Fee~~Cash ~~1,756.63 FRY~~ Amount ~~0.00 Special Hazard Fee 0.00 Other Fee 65~~87,~~788~~537.47 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 878.51 Spread Fee 3 0.00 Net Interest 2,251,548.58 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.40816861

Filing Compare · BAYVIEW FINANCIAL SEC CO LLC MORT PASS THR CERTS SER 2003 D