8-K 1 bay0300d.txt OCTOBER 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): October 28, 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 October 28, 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 October 28, 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: 10/30/03 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 October 28, 2003 distribution. EX-99.1

Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2928/03 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 ~~202~~192,~~600~~434.4103 0.00 AIO 073249BE3 SEN 4.00000% 0.00 386,666.67 0.00 A 073249BD5 SEN 1.~~56000~~57000% ~~358~~338,~~806~~430,~~570~~041.1683 ~~497~~428,~~545~~019.1199 2021,~~376~~460,~~528~~804.3347 M1 073249BH6 MEZ 1.~~96000~~97000% 22,134,000.00 3835,~~562~~125.3543 0.00 M2 073249BJ2 MEZ 2.~~71000~~72000% 4,216,000.00 109,~~155~~237.8872 0.00 M3 073249BK9 MEZ 3.~~26000~~27000% 7,378,000.00 2119,~~379~~434.8088 0.00 M4 073249BL7 MEZ 3.~~91000~~92000% 3,162,000.00 109,~~989~~984.7189 0.00 B 073240BF0 JUN 5.~~36000~~37000% 8,432,000.00 4036,~~173~~475.8043 0.00 F 073249BP8 SEN 1.~~89000~~88000% 0.00 ~~434~~370,~~333~~252.5793 0.00 P 073249BR4 SEN 0.00000% 100.00 0.00 0.00 X 073249BQ6 SEN 0.00000% 0.00 43281,~~768~~207.8096 0.00 R 073249BM5 SEN 0.00000% 0.00 0.00 0.00 Totals ~~404~~383,~~128~~752,~~670~~141.1683 1,~~686~~768,~~176~~839.1093 2021,~~376~~460,~~528~~804.3347

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses IO 0.00 0.00 ~~202~~192,~~600~~434.4103 0.00 AIO 0.00 0.00 386,666.67 0.00 A 0.00 ~~338~~316,~~430~~969,~~041~~237.8336 2021,~~874~~888,~~073~~824.4446 0.00 M1 0.00 22,134,000.00 3835,~~562~~125.3543 0.00 M2 0.00 4,216,000.00 109,~~155~~237.8872 0.00 M3 0.00 7,378,000.00 2119,~~379~~434.8088 0.00 M4 0.00 3,162,000.00 109,~~989~~984.7189 0.00 B 0.00 8,432,000.00 4036,~~173~~475.8043 0.00 F 0.00 0.00 ~~434~~370,~~333~~252.5793 0.00 P 0.00 100.00 0.00 0.00 X 0.00 0.00 43281,~~768~~207.8096 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~383~~362,~~752~~291,~~141~~337.8336 2223,~~062~~229,~~704~~644.4340 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 ~~358~~338,~~806~~430,~~570~~041.1683 ~~983~~937,~~482~~321.6804 1920,~~393~~523,~~045~~483.6543 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 ~~404~~383,~~128~~752,~~670~~141.1683 ~~983~~937,~~482~~321.6804 1920,~~393~~523,~~045~~483.6543 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 2021,~~376~~460,~~528~~804.3347 ~~338~~316,~~430~~969,~~041~~237.8336 0.~~90191972~~84472644 2021,~~376~~460,~~528~~804.3347 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 2021,~~376~~460,~~528~~804.3347 ~~383~~362,~~752~~291,~~141~~337.8336 0.~~91248957~~86145986 2021,~~376~~460,~~528~~804.3347

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 ~~956~~901.~~22338696~~91971876 2.~~62099197~~49797070 5154.~~68267623~~69530513 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 5457.~~30366820~~19327583 ~~901~~844.~~91971876~~72644293 0.~~90191972~~84472644 5457.~~30366820~~19327583 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, 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% ~~405~~384,~~200~~868,~~815~~055.4895 ~~202~~192,~~600~~434.4103 0.00 0.00 AIO 0.00 4.00000% 116,000,000.00 386,666.67 0.00 0.00 A 375,233,000.00 1.~~56000~~57000% ~~358~~338,~~806~~430,~~570~~041.1683 ~~497~~428,~~545~~019.1199 0.00 0.00 M1 22,134,000.00 1.~~96000~~97000% 22,134,000.00 3835,~~562~~125.3543 0.00 0.00 M2 4,216,000.00 2.~~71000~~72000% 4,216,000.00 109,~~155~~237.8872 0.00 0.00 M3 7,378,000.00 3.~~26000~~27000% 7,378,000.00 2119,~~379~~434.8088 0.00 0.00 M4 3,162,000.00 3.~~91000~~92000% 3,162,000.00 109,~~989~~984.7189 0.00 0.00 B 8,432,000.00 5.~~36000~~37000% 8,432,000.00 4036,~~173~~475.8043 0.00 0.00 F 0.00 1.~~89000~~88000% ~~258~~244,~~531~~481,~~887~~021.1086 ~~434~~370,~~333~~252.5793 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,~~642~~487,~~407~~631.3097 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 ~~202~~192,~~600~~434.4103 0.00 ~~384~~363,~~868~~688,~~055~~459.9544 AIO 0.00 0.00 386,666.67 0.00 116,000,000.00 A 0.00 0.00 ~~497~~428,~~545~~019.1199 0.00 ~~338~~316,~~430~~969,~~041~~237.8336 M1 0.00 0.00 3835,~~562~~125.3543 0.00 22,134,000.00 M2 0.00 0.00 109,~~155~~237.8872 0.00 4,216,000.00 M3 0.00 0.00 2119,~~379~~434.8088 0.00 7,378,000.00 M4 0.00 0.00 109,~~989~~984.7189 0.00 3,162,000.00 B 0.00 0.00 4036,~~173~~475.8043 0.00 8,432,000.00 F 0.00 0.00 ~~434~~370,~~333~~252.5793 0.00 ~~244~~227,~~481~~901,~~021~~977.8621 P 0.00 0.00 0.00 0.00 100.00 X 0.00 0.00 43281,~~768~~207.8096 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~686~~768,~~176~~839.1093 0.00 (4) Amount Does Not Include Excess Special Hazard, 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% ~~961~~912.~~07741656~~85106742 0.~~48053871~~45642554 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 3.33333336 0.00000000 0.00000000 A 375,233,000.00 1.~~56000~~57000% ~~956~~901.~~22338696~~91971876 1.~~32596309~~14067790 0.00000000 0.00000000 M1 22,134,000.00 1.~~96000~~97000% 1000.00000000 1.~~74222237~~58694452 0.00000000 0.00000000 M2 4,216,000.00 2.~~71000~~72000% 1000.00000000 2.~~40888994~~19111006 0.00000000 0.00000000 M3 7,378,000.00 3.~~26000~~27000% 1000.00000000 2.~~89777718~~63416644 0.00000000 0.00000000 M4 3,162,000.00 3.~~91000~~92000% 1000.00000000 3.~~47555661~~15777672 0.00000000 0.00000000 B 8,432,000.00 5.~~36000~~37000% 1000.00000000 4.~~76444497~~32583373 0.00000000 0.00000000 F 0.00 1.~~89000~~88000% ~~957~~905.~~25329979~~22785230 1.~~60818554~~37091731 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.~~48053871~~45642554 0.00000000 ~~912~~862.~~85106742~~61614409 AIO 0.00000000 0.00000000 3.33333336 0.00000000 1000.00000000 A 0.00000000 0.00000000 1.~~32596309~~14067790 0.00000000 ~~901~~844.~~91971876~~72644293 M1 0.00000000 0.00000000 1.~~74222237~~58694452 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~40888994~~19111006 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~89777718~~63416644 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~47555661~~15777672 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~76444497~~32583373 0.00000000 1000.00000000 F 0.00000000 0.00000000 1.~~60818554~~37091731 0.00000000 ~~905~~843.~~22785230~~84143929 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, 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 2223,~~306~~446,~~232~~400.6925 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 82110,~~978~~399.4044 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2223,~~389~~556,~~211~~799.0969 Withdrawals Reimbursement for Servicer Advances 7082,~~673~~978.6940 Payment of Service Fee ~~255~~244,~~832~~176.9789 Payment of Interest and Principal 2223,~~062~~229,~~704~~644.4340 Total Withdrawals (Pool Distribution Amount) 2223,~~389~~556,~~211~~799.0969 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~182~~174,~~853~~482.4502 Custodian Fee ~~844~~802.5316 Indenture Trustee Fee 1,~~688~~603.3664 RMIC Premium 6562,~~381~~478.6522 Wells Fargo 54,~~064~~810.9885 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~255~~244,~~832~~176.9789

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 3127 0 0 3127 2,~~549~~225,~~176~~651.5813 0.00 0.00 2,~~549~~225,~~176~~651.5813 30 Days 92106 46 0 0 96112 78,~~147~~390,~~204~~158.2576 ~~298~~382,~~759~~985.6074 0.00 0.00 78,~~445~~773,~~963~~144.8550 60 Days 1022 21 30 0 1523 12,~~761~~232,~~883~~043.6268 ~~228~~178,~~398~~252.2726 ~~299,705~~0.8800 0.00 2,~~289~~410,~~987~~295.7794 90 Days 1 02 07 0 110 ~~105~~43,~~975~~185.7442 0228,398.0027 01,440,375.0046 0.00 ~~105~~1,~~975~~711,959.7415 120 Days 10 0 0 0 10 ~~70,645~~0.1800 0.00 0.00 0.00 ~~70,645~~0.1800 150 Days 01 0 0 0 01 070,645.0018 0.00 0.00 0.00 070,645.0018 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~104~~130 3736 37 0 ~~144~~173 910,~~085~~736,~~708~~033.7904 3,~~076~~015,~~334~~287.4540 ~~299~~1,~~705~~440,375.8846 0.00 1215,~~461~~191,~~749~~695.1290 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.~~833782~~753348% 0.000000% 0.000000% 0.~~833782~~753348% 0.~~661013~~610703% 0.000000% 0.000000% 0.~~661013~~610703% 30 Days 2.~~474449~~957589% 0.~~107585~~167411% 0.000000% 0.000000% 23.~~582033~~125000% 12.~~853301~~302201% 0.~~077470~~105089% 0.000000% 0.000000% 12.~~930771~~407290% 60 Days 0.~~268962~~613839% 0.~~053792~~027902% 0.~~080689~~000000% 0.000000% 0.~~403443~~641741% 0.~~456864~~612457% 0.~~059225~~048911% 0.~~077715~~000000% 0.000000% 0.~~593804~~661368% 90 Days 0.~~026896~~027902% 0.~~000000~~055804% 0.~~000000~~195313% 0.000000% 0.~~026896~~279018% 0.~~027480~~011850% 0.~~000000~~062671% 0.~~000000~~395229% 0.000000% 0.~~027480~~469750% 120 Days 0.~~026896~~000000% 0.000000% 0.000000% 0.000000% 0.~~026896~~000000% 0.~~018319~~000000% 0.000000% 0.000000% 0.000000% 0.~~018319~~000000% 150 Days 0.~~000000~~027902% 0.000000% 0.000000% 0.000000% 0.~~000000~~027902% 0.~~000000~~019385% 0.000000% 0.000000% 0.000000% 0.~~000000~~019385% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~797203~~627232% 01.~~995159~~004464% 0.~~080689~~195313% 0.000000% 34.~~873050~~827009% 2.~~355964~~945893% 0.~~797707~~827374% 0.~~077715~~395229% 0.000000% 34.~~231386~~168496%

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 2118 0 0 2118 1,~~521~~293,~~892~~116.6438 0.00 0.00 1,~~521~~293,~~892~~116.6438 30 Days 5380 35 0 0 5685 35,~~489~~607,~~457~~926.4826 ~~236~~320,~~382~~650.2571 0.00 0.00 35,~~725~~928,~~839~~576.7397 60 Days 712 1 30 0 1113 1,~~326~~101,~~418~~869.8635 ~~128~~178,~~729~~252.3026 ~~299,705~~0.8800 0.00 1,~~754~~280,~~854~~121.0461 90 Days 01 01 07 0 09 043,185.0042 0128,729.0030 01,440,375.0046 0.00 01,612,290.0018 120 Days 10 0 0 0 10 ~~70,645~~0.1800 0.00 0.00 0.00 ~~70,645~~0.1800 150 Days 01 0 0 0 01 070,645.0018 0.00 0.00 0.00 070,645.0018 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6194 25 37 0 89126 46,~~886~~823,~~521~~626.5221 1,~~887~~920,~~004~~748.1965 ~~299~~1,~~705~~440,375.8846 0.00 710,~~073~~184,~~231~~750.5932 0-29 Days 0.~~893237~~796813% 0.000000% 0.000000% 0.~~893237~~796813% 0.~~740619~~671325% 0.000000% 0.000000% 0.~~740619~~671325% 30 Days 23.~~254360~~541390% 0.~~127605~~221337% 0.000000% 0.000000% 23.~~381965~~762727% 12.~~698120~~911370% 0.~~115034~~166467% 0.000000% 0.000000% 13.~~813154~~077837% 60 Days 0.~~297746~~531208% 0.~~042535~~044267% 0.~~127605~~000000% 0.000000% 0.~~467886~~575476% 0.~~645493~~572039% 0.~~062645~~092540% 0.~~145850~~000000% 0.000000% 0.~~853988~~664579% 90 Days 0.~~000000~~044267% 0.~~000000~~044267% 0.~~000000~~309872% 0.000000% 0.~~000000~~398406% 0.~~000000~~022420% 0.~~000000~~066830% 0.~~000000~~747775% 0.000000% 0.~~000000~~837025% 120 Days 0.~~042535~~000000% 0.000000% 0.000000% 0.000000% 0.~~042535~~000000% 0.~~034379~~000000% 0.000000% 0.000000% 0.000000% 0.~~034379~~000000% 150 Days 0.~~000000~~044267% 0.000000% 0.000000% 0.000000% 0.~~000000~~044267% 0.~~000000~~036676% 0.000000% 0.000000% 0.000000% 0.~~000000~~036676% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 24.~~594641~~161133% 1.~~063377~~106684% 0.~~127605~~309872% 0.000000% 35.~~785623~~577689% 23.~~377992~~542504% 0.~~918298~~997162% 0.~~145850~~747775% 0.000000% 35.~~442139~~287441% 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 109 0 0 109 1932,~~027,283~~534.9475 0.00 0.00 1932,~~027,283~~534.9475 30 Days 3926 1 0 0 4027 32,~~657~~782,~~746~~232.7750 62,~~377~~335.3503 0.00 0.00 32,~~720~~844,~~124~~567.1253 60 Days 310 10 0 0 410 ~~435~~1,~~464~~130,174.7633 ~~99,668~~0.9700 0.00 0.00 ~~535~~1,~~133~~130,174.7333 90 Days 0 1 0 0 0 1 ~~105,975.74~~ 0.00 99,668.97 0.00 0.00 ~~105~~99,~~975~~668.7497 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 4336 1211 0 0 5547 43,~~199~~912,~~187~~406.2783 1,~~189~~094,~~330~~538.2675 0.00 0.00 5,~~388~~006,~~517~~945.5358 0-29 Days 0.~~791766~~732303% 0.000000% 0.000000% 0.~~791766~~732303% 0.~~729986~~685130% 0.000000% 0.000000% 0.~~729986~~685130% 30 Days 32.~~087886~~115541% 0.~~079177~~081367% 0.000000% 0.000000% 32.~~167063~~196908% 2.~~599189~~044097% 0.~~044325~~045797% 0.000000% 0.000000% 2.~~643514~~089894% 60 Days 0.~~237530~~813670% 0.~~079177~~000000% 0.000000% 0.000000% 0.~~316706~~813670% 0.~~309441~~830335% 0.~~070825~~000000% 0.000000% 0.000000% 0.~~380265~~830335% 90 Days 0.~~079177~~000000% 0.~~000000~~081367% 0.000000% 0.000000% 0.~~079177~~081367% 0.~~075306~~000000% 0.~~000000~~073226% 0.000000% 0.000000% 0.~~075306~~073226% 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 32.~~404592~~929211% 0.~~950119~~895037% 0.000000% 0.000000% 43.~~354711~~824247% 2.~~983936~~874432% 0.~~845136~~804154% 0.000000% 0.000000% 3.~~829072~~678586%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 82110,~~978~~399.4044 Class IO 45,322,100.00 10.74932651% 45,322,100.00 12.46179218% 0.000000% 0.000000% Class M-1 23,188,100.00 5.49966701% 23,188,100.00 6.37581408% 6.085978% 0.000000% Class M-2 18,972,100.00 4.49973186% 18,972,100.00 5.21658015% 1.159234% 0.000000% Class M-3 11,594,100.00 2.74984536% 11,594,100.00 3.18792079% 2.028659% 0.000000% Class M-4 8,432,100.00 1.99989400% 8,432,100.00 2.31849534% 0.869425% 0.000000% Class B 100.00 0.00002372% 100.00 0.00002750% 2.318468% 0.000000% Class F 100.00 0.00002372% 100.00 0.00002750% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000027% 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 Exposure

~~Class~~COLLATERAL IOSTATEMENT ~~45,322,100.00~~Collateral ~~10.74932651%~~Description ~~45,322,100.00~~Fixed ~~11.77600980%~~& ~~0.000000%~~Mixed ~~0.000000%~~ARM ~~Class~~Weighted ~~M-1~~Average ~~23,188,100.00~~Gross 5Coupon 7.~~49966701~~143292% ~~23,188,100.00~~Weighted ~~6.02494794%~~Average ~~5.751062%~~Net 0Coupon 6.~~000000~~599266% ~~Class~~Weighted MAverage Pass-2Through ~~18,972,100.00~~Rate 46.~~49973186~~381961% ~~18,972,100.00~~Weighted ~~4.92950758%~~Average ~~1.095440%~~Maturity(Stepdown ~~0.000000%~~Calculation ~~Class~~) ~~M-3~~254 ~~11,594,100.00~~Beginning ~~2.74984536%~~Scheduled ~~11,594,100.00~~Collateral Loan Count 3~~.01248696%~~,718 ~~1.917021%~~Number ~~0.000000%~~Of ~~Class~~Loans ~~M-4~~Paid ~~8,432,100.00~~In ~~1.99989400%~~Full ~~8,432,100.00~~353 ~~2.19090669%~~Ending ~~0.821580%~~Scheduled ~~0.000000%~~Collateral ~~Class~~Loan BCount ~~100.00~~3,584 ~~0.00002372%~~Beginning ~~100.00~~Scheduled ~~0.00002598%~~Collateral ~~2.190881%~~Balance 0384,868,055.~~000000%~~95 ~~Class~~Ending FScheduled ~~100.00~~Collateral ~~0.00002372%~~Balance ~~100~~363,688,459.0044 ~~0.00002598%~~Ending ~~0.000000%~~Actual ~~0.000000%~~Collateral ~~Class~~Balance Pat ~~0.00~~30-Sep-2003 0364,440,700.~~00000000%~~95 ~~0.00~~Monthly ~~0.00000000%~~P ~~0.000026%~~&I 0Constant 3,228,341.~~000000%~~88 ~~Class~~Special XServicing ~~0.00~~Fee 0.~~00000000% 0.~~00 ~~0.00000000%~~Prepayment ~~0.000000%~~Penalties 0.~~000000%~~00 ~~Class~~Realized RLoss Amount 0.00 ~~0.00000000%~~Cumulative ~~0.00~~Realized ~~0.00000000%~~Loss 0.~~000000%~~00 ~~0.000000%~~Ending ~~Please~~Scheduled ~~Refer~~Balance tofor ~~the~~Premium ~~Prospectus~~Loans ~~Supplement~~363,688,459.44 ~~for~~Scheduled aPrincipal ~~Full~~937,321.04 ~~Description~~Unscheduled ofPrincipal ~~Loss Exposure~~20,242,275.47

~~COLLATERAL~~Cap ~~STATEMENT~~Amount 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 ~~Prepayment~~Floor ~~Penalties 0.00 Realized Loss~~ Amount 0.00 ~~Cumulative~~Other ~~Realized~~Income ~~Loss 0.00 Ending Scheduled Balance for Premium Loans 384~~3,~~868,055~~203.~~95 Scheduled Principal 983,482.68 Unscheduled Principal 19,349,276.85~~80

~~Cap~~Miscellaneous Reporting Specified O/C Amount 012,648,817.0036 ~~Floor~~Overcollateralized Amount ~~(434~~1,~~333~~397,122.~~57)~~08 ~~Other~~Overcollateralized ~~Income~~Deficiency 3Amount 11,~~620~~532,803.3824 Base Overcollateralization Amount 2,108,136.23 Extra Principal Distribution Amount 281,207.96 Excess Cash Amount 562,415.91

~~Miscellaneous~~Group ~~Reporting~~Level ~~Specified~~Collateral OStatement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed ARM Weighted Average Coupon Rate 8.184564 5.975126 5.950403 Weighted Average Net Rate 7.634275 5.549098 5.382387 Weighted Average Maturity 240 348 248 Beginning Loan Count 2,351 104 1,263 Loans Paid In Full 235 20 98 Ending Loan Count 2,259 96 1,229 Beginning Scheduled Balance 205,057,056.31 39,423,965.55 140,387,034.09 Ending scheduled Balance 192,200,832.32 35,701,144.89 135,786,482.23 Record Date 09/C30/2003 ~~Amount~~09/30/2003 09/30/2003 Principal And Interest Constant 1,942,834.89 207,426.28 1,078,080.71 Scheduled Principal 544,249.49 11,123.65 381,947.90 Unscheduled Principal 12,~~648~~311,~~817~~974.3650 ~~Overcollateralized~~3,711,697.01 ~~Amount~~4,218,603.96 Scheduled Interest 1,~~115~~398,~~914~~585.1240 ~~Overcollateralized~~196,302.63 ~~Deficiency~~696,132.81 ~~Amount~~Servicing 11Fees 94,~~576~~033.87 13,~~572~~996.0442 ~~Base~~66,451.73 ~~Overcollateralization~~Master ~~Amount~~Servicing Fees 2,~~108~~563.03 492.84 1,~~136~~754.2398 ~~Extra~~Trustee ~~Principal~~Fee ~~Distribution~~854.38 164.29 584.97 FRY Amount 430.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 427.42 82.13 292.61 Pool Insurance Fee 37,~~768~~392.8081 ~~Excess~~3,751.89 ~~Cash~~21,333.52 ~~Amount~~Spread 87Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~537~~263,313.6189 177,815.06 605,715.00 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 7.392951 5.412395 5.177529

Group Level Collateral Statement Group ~~Group~~Total ~~1 Group 2 Group 3~~ Collateral Description ~~Mixed~~ Fixed ~~Mixed~~& ~~ARM~~ Mixed ARM Weighted Average Coupon Rate 87.~~166348~~143292 ~~5.974546 6.028817~~ Weighted Average Net Rate 76.~~618285~~599266 ~~5.550714 5.461844~~ Weighted Average Maturity ~~239~~254 ~~347 247~~ Beginning Loan Count 23,~~434~~718 ~~113 1,301~~ Loans Paid In Full 83353 ~~9 38~~ Ending Loan Count 23,~~351~~584 ~~104 1,263~~ Beginning Scheduled Balance ~~214~~384,~~863~~868,~~564~~055.4695 ~~43,668,322.64 146,668,928.38~~ Ending scheduled Balance ~~205~~363,~~057~~688,~~056~~459.3144 ~~39,423,965.55 140,387,034.09~~ Record Date 0809/3130/2003 ~~08/31/2003 08/31/2003~~ Principal And Interest Constant 23,~~048,658.10~~ 228,~~794~~341.9188 ~~1,122,520.15~~ Scheduled Principal ~~586~~937,~~449~~321.3204 ~~11,379.57 385,653.79~~ Unscheduled Principal 920,~~220~~242,~~058~~275.8347 ~~4,232,977.52 5,896,240.50~~ Scheduled Interest 12,~~462~~291,~~208~~020.7884 ~~217,415.34 736,866.36~~ Servicing Fees 98174,~~132~~482.2102 ~~15,423.37 69,297.87~~ Master Servicing Fees 24,~~685~~810.6285 ~~545.88 1,833.48~~ Trustee Fee ~~895~~1,603.3364 ~~181.98 611.05~~ FRY Amount 0.00 ~~0.00 0.00~~ Special Hazard Fee 0.00 ~~0.00 0.00~~ Other Fee ~~38,990~~802.7216 ~~4,084.65 22,306.28~~ Pool Insurance Fee 062,478.0022 ~~0.00 0.00~~ Spread Fee 1 0.00 ~~0.00 0.00~~ Spread Fee 2 ~~447~~0.8600 ~~90.99 305.68~~ Spread Fee 3 0.00 ~~0.00 0.00~~ Net Interest 12,~~321~~046,~~057~~843.0495 ~~197,088.47 642,512.20~~ 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 76.~~378024 5.415967 5.256837~~381961

Group Level Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.156423 Weighted Average Net Rate 6.614904 Weighted Average Maturity 253 Beginning Loan Count 3,848 Loans Paid In Full 130 Ending Loan Count 3,718 Beginning Scheduled Balance 405,200,815.48 Ending scheduled Balance 384,868,055.95 Record Date 08/31/2003 Principal And Interest Constant 3,399,973.16 Scheduled Principal 983,482.68 Unscheduled Principal 19,349,276.85 Scheduled Interest 2,416,490.48 Servicing Fees 182,853.45 Master Servicing Fees 5,064.98 Trustee Fee 1,688.36 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 65,381.65 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 844.53 Spread Fee 3 0.00 Net Interest 2,160,657.71 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 6.398776

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