8-K 1 bay0300e_oct.txt OCTOBER 8K 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-E Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104181-02 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) 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- (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-E 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-E 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-E Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/10/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-E Trust, relating to the October 28, 2003 distribution. EX-99.1

~~_________________________________________________~~Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 9/30/03 Distribution Date: 10/28/03 BAY Series: 2003-E 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 07324QDU7 SEN 0.60000% 0.00 139,039.25 0.00 AIO 07324QDV5 SEN 4.00000% 0.00 254,524.44 0.00 A 07324QDW3 SEN 1.62000% 370,681,000.00 333,612.90 10,845,827.18 M1 07324QDX1 MEZ 1.87000% 21,866,000.00 22,716.34 0.00 M2 07324QDY9 MEZ 2.42000% 4,164,000.00 5,598.27 0.00 M3 07324QDZ6 MEZ 3.12000% 7,288,000.00 12,632.53 0.00 M4 07324QEA0 MEZ 3.62000% 3,123,000.00 6,280.70 0.00 B 07324QEB8 JUN 5.37000% 8,329,000.00 24,848.18 0.00 F 07324QEC6 SEN 1.88000% 0.00 301,797.85 0.00 P 07324QEF9 SEN 0.00000% 100.00 0.00 0.00 X 07324QED4 SEN 0.00000% 0.00 407,145.94 0.00 R BAY030ER5 SEN 0.00000% 0.00 0.00 0.00 Totals 415,451,100.00 1,508,196.40 10,845,827.18

~~UNITED~~Certificateholder ~~STATES~~Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses IO 0.00 0.00 139,039.25 0.00 AIO 0.00 0.00 254,524.44 0.00 A 0.00 359,835,172.82 11,179,440.08 0.00 M1 0.00 21,866,000.00 22,716.34 0.00 M2 0.00 4,164,000.00 5,598.27 0.00 M3 0.00 7,288,000.00 12,632.53 0.00 M4 0.00 3,123,000.00 6,280.70 0.00 B 0.00 8,329,000.00 24,848.18 0.00 F 0.00 0.00 301,797.85 0.00 P 0.00 100.00 0.00 0.00 X 0.00 0.00 407,145.94 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 404,605,272.82 12,354,023.58 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~SECURITIES~~Principal ~~AND~~Distribution ~~EXCHANGE~~Statement ~~COMMISSION~~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 370,681,000.00 370,681,000.00 1,321,092.80 9,524,734.38 0.00 0.00 M1 21,866,000.00 21,866,000.00 0.00 0.00 0.00 0.00 M2 4,164,000.00 4,164,000.00 0.00 0.00 0.00 0.00 M3 7,288,000.00 7,288,000.00 0.00 0.00 0.00 0.00 M4 3,123,000.00 3,123,000.00 0.00 0.00 0.00 0.00 B 8,329,000.00 8,329,000.00 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 415,451,100.00 415,451,100.00 1,321,092.80 9,524,734.38 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.

~~Washington~~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 10,845,827.18 D359,835,172.C82 0. ~~20549~~97074081 10,845,827.18 M1 0.00 21,866,000.00 1.00000000 0.00 M2 0.00 4,164,000.00 1.00000000 0.00 M3 0.00 7,288,000.00 1.00000000 0.00 M4 0.00 3,123,000.00 1.00000000 0.00 B 0.00 8,329,000.00 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 10,845,827.18 404,605,272.82 0.97389385 10,845,827.18

~~FORM~~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 370,681,000.00 1000.00000000 3.56396147 25.69523223 0.00000000 M1 21,866,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 4,164,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,288,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 3,123,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 8-K,329,000.00 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.

~~CURRENT~~Principal ~~REPORT~~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 29.25919370 970.74080630 0.97074081 29.25919370 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.

~~PURSUANT~~Interest TODistribution ~~SECTION~~Statement 13Beginning ORPayment ~~15(d)~~of OFOriginal ~~THE~~Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall IO 0.00 0.60000% 417,117,737.96 139,039.25 0.00 0.00 AIO 0.00 4.00000% 114,536,000.00 254,524.44 0.00 0.00 A 370,681,000.00 1.62000% 370,681,000.00 333,612.90 0.00 0.00 M1 21,866,000.00 1.87000% 21,866,000.00 22,716.34 0.00 0.00 M2 4,164,000.00 2.42000% 4,164,000.00 5,598.27 0.00 0.00 M3 7,288,000.00 3.12000% 7,288,000.00 12,632.53 0.00 0.00 M4 3,123,000.00 3.62000% 3,123,000.00 6,280.70 0.00 0.00 B 8,329,000.00 5.37000% 8,329,000.00 24,848.18 0.00 0.00 F 0.00 1.88000% 288,955,387.41 301,797.85 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 415,451,100.00 1,101,050.46 0.00 0.00

~~SECURITIES~~Interest ~~EXCHANGE~~Distribution ~~ACT~~Statement OF(continued) ~~1934~~Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance IO 0.00 0.00 139,039.25 0.00 406,679,056.72 AIO 0.00 0.00 254,524.44 0.00 114,536,000.00 A 0.00 0.00 333,612.90 0.00 359,835,172.82 M1 0.00 0.00 22,716.34 0.00 21,866,000.00 M2 0.00 0.00 5,598.27 0.00 4,164,000.00 M3 0.00 0.00 12,632.53 0.00 7,288,000.00 M4 0.00 0.00 6,280.70 0.00 3,123,000.00 B 0.00 0.00 24,848.18 0.00 8,329,000.00 F 0.00 0.00 301,797.85 0.00 281,666,717.70 P 0.00 0.00 0.00 0.00 100.00 X 0.00 0.00 407,145.94 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,508,196.40 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.

~~Date~~Interest Distribution Factors Statement Beginning Payment of ~~Report~~Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (~~Date~~5) ofAmount ~~earliest~~Rate ~~event~~Balance ~~reported~~Interest Shortfall Shortfall IO 0.00 0.60000% 1001.49220771 0.33383075 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 2.22222218 0.00000000 0.00000000 A 370,681,000.00 1.62000% 1000.00000000 0.90000000 0.00000000 0.00000000 M1 21,866,000.00 1.87000% 1000.00000000 1.03888869 0.00000000 0.00000000 M2 4,164,000.00 2.42000% 1000.00000000 1.34444524 0.00000000 0.00000000 M3 7,288,000.00 3.12000% 1000.00000000 1.73333288 0.00000000 0.00000000 M4 3,123,000.00 3.62000% 1000.00000000 2.01111111 0.00000000 0.00000000 B 8,329,000.00 5.37000% 1000.00000000 2.98333293 0.00000000 0.00000000 F 0.00 1.88000% 1002.15548336 1.04669573 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.

~~October~~Interest 8Distribution 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 0.33383075 0.00000000 976.42912128 AIO 0.00000000 0.00000000 2.22222218 0.00000000 1000.00000000 A 0.00000000 0.00000000 0.90000000 0.00000000 970.74080630 M1 0.00000000 0.00000000 1.03888869 0.00000000 1000.00000000 M2 0.00000000 0.00000000 1.34444524 0.00000000 1000.00000000 M3 0.00000000 0.00000000 1.73333288 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.01111111 0.00000000 1000.00000000 B 0.00000000 0.00000000 2.98333293 0.00000000 1000.00000000 F 0.00000000 0.00000000 1.04669573 0.00000000 976.87690877 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, ~~2003~~Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~Bayview~~CERTIFICATEHOLDER ~~Financial~~ACCOUNT ~~Securities~~STATEMENT ~~Company~~CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 12,435,643.65 ~~LLC~~ Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 84,481.88 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,520,125.53 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 166,101.95 Payment of Interest and Principal 12,354,023.58 Total Withdrawals (Pool Distribution Amount) 12,520,125.53 Ending Balance 0.00

~~(Exact~~PREPAYMENT/CURTAILMENT ~~Name~~INTEREST ofSHORTFALL ~~Registrant~~Total asPrepayment/Curtailment ~~Specified~~Interest inShortfall ~~its~~0.00 ~~Charter)~~Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

Delaware	333-104181	56-2336517
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4425 Ponce de Leon Boulevard, 4th Floor Coral Gables, Florida		33146
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s~~LOAN ~~telephone~~STATUS ~~number~~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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 117 0 0 0 117 8,904,119.47 ~~including~~0.00 ~~area~~0.00 ~~code: (305)~~0.00 ~~341~~8,904,119.47 60 Days 12 0 0 0 12 527,232.97 0.00 0.00 0.00 527,232.97 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 129 0 0 0 129 9,431,352.44 0.00 0.00 0.00 9,431,352.44 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-~~5632~~29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.782402% 0.000000% 0.000000% 0.000000% 2.782402% 2.183791% 0.000000% 0.000000% 0.000000% 2.183791% 60 Days 0.285375% 0.000000% 0.000000% 0.000000% 0.285375% 0.129307% 0.000000% 0.000000% 0.000000% 0.129307% 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 3.067776% 0.000000% 0.000000% 0.000000% 3.067776% 2.313098% 0.000000% 0.000000% 0.000000% 2.313098%

~~None~~ 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 106 0 0 0 106 6,723,122.18 0.00 0.00 0.00 6,723,122.18 60 Days 12 0 0 0 12 527,232.97 0.00 0.00 0.00 527,232.97 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 118 0 0 0 118 7,250,355.15 0.00 0.00 0.00 7,250,355.15 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.667820% 0.000000% 0.000000% 0.000000% 3.667820% 2.684246% 0.000000% 0.000000% 0.000000% 2.684246% 60 Days 0.415225% 0.000000% 0.000000% 0.000000% 0.415225% 0.210501% 0.000000% 0.000000% 0.000000% 0.210501% 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 4.083045% 0.000000% 0.000000% 0.000000% 4.083045% 2.894746% 0.000000% 0.000000% 0.000000% 2.894746% 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 1 0 0 0 1 301,503.05 0.00 0.00 0.00 301,503.05 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 1 0 0 0 1 301,503.05 0.00 0.00 0.00 301,503.05 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.298701% 0.000000% 0.000000% 0.000000% 1.298701% 0.943699% 0.000000% 0.000000% 0.000000% 0.943699% 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 1.298701% 0.000000% 0.000000% 0.000000% 1.298701% 0.943699% 0.000000% 0.000000% 0.000000% 0.943699% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 1,879,494.24 0.00 0.00 0.00 1,879,494.24 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 10 0 0 0 10 1,879,494.24 0.00 0.00 0.00 1,879,494.24 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.807754% 0.000000% 0.000000% 0.000000% 0.807754% 1.499736% 0.000000% 0.000000% 0.000000% 1.499736% 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 0.807754% 0.000000% 0.000000% 0.000000% 0.807754% 1.499736% 0.000000% 0.000000% 0.000000% 1.499736%

~~(Former~~OTHER ~~Name~~INFORMATION orCurrent ~~Former~~Period ~~Address,~~Class ifA ~~Changed~~Insufficient ~~Since~~Funds ~~Last~~0.00 ~~Report)~~Principal Balance of Contaminated Properties 0.00 Periodic Advance 84,481.88

~~Item~~Class A-IO 415,451,100.00 99.74906399% 404,605,272.82 99.49006868% 0.000000% 0.000000% Class M-1 22,904,100.00 5. ~~Other~~49923333% ~~Events~~22,904,100.00 5.63198415% 5.376721% 0.000000% Class M-2 18,740,100.00 4.49946440% 18,740,100.00 4.60808092% 1.023903% 0.000000% Class M-3 11,452,100.00 2.74962867% 11,452,100.00 2.81600437% 1.792077% 0.000000% Class M-4 8,329,100.00 1.99980197% 8,329,100.00 2.04807694% 0.767927% 0.000000% Class B 100.00 0.00002401% 100.00 0.00002459% 2.048052% 0.000000% Class F 100.00 0.00002401% 100.00 0.00002459% 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-V 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

~~The~~COLLATERAL ~~Registrant~~STATEMENT ~~registered~~Collateral ~~issuances~~Description ofFixed ~~Mortgage~~& ~~Pass-Through~~Mixed ~~Certificates,~~ARM onWeighted aAverage ~~delayed~~Gross orCoupon ~~continuous~~7.517143% ~~basis~~Weighted ~~pursuant~~Average toNet ~~Rule~~Coupon ~~415~~7.061867% ~~under~~Weighted ~~the~~Average ~~Securities~~Pass-Through ~~Act~~Rate of7.039366% ~~1933,~~Weighted asAverage ~~amended~~ Maturity(~~the~~Stepdown ~~“Act”~~Calculation ), by359 aBeginning ~~Registration~~Scheduled ~~Statement~~Collateral onLoan ~~Form~~Count S-3,999 ~~(Registration~~Number ~~File~~Of ~~No.~~Loans ~~333-104181)~~Paid ~~(the~~In ~~“Registration~~Full ~~Statement”). Pursuant~~55 toEnding ~~the~~Scheduled ~~Registration~~Collateral ~~Statement,~~Loan ~~the~~Count ~~Registrant issued $415~~4,~~451,000~~205 inBeginning ~~aggregate~~Scheduled ~~principal~~Collateral ~~amount~~Balance ~~of Class IO~~416, ~~Class A-IO~~496,239.06 ~~Class~~Ending A,Scheduled ~~Class~~Collateral ~~M-1,~~Balance ~~Class M-2~~406, ~~Class M-3~~679,056.72 ~~Class~~Ending ~~M-4~~Actual ~~and~~Collateral ~~Class~~Balance B,at ~~Bayview Financial Mortgage Pass~~30-~~Through Certificates, Series 2003~~Sep-~~E on October 8,~~ 2003~~. This~~ ~~Current Report on Form 8-K is being filed to satisfy an undertaking~~407, ~~contained in the definitive Prospectus dated July 25~~736,765.26 ~~2003,~~Monthly asP ~~supplemented~~&I byConstant ~~the Prospectus Supplement dated October~~ 3, ~~2003 (the “Prospectus Supplement”)~~934,037.58 toSpecial ~~file~~Servicing aFee ~~copy~~0.00 ofPrepayment ~~the~~Penalties ~~Pooling~~0.00 ~~and~~Realized ~~Servicing~~Loss ~~Agreement~~Amount ~~(as~~0.00 ~~defined~~Cumulative ~~below)~~Realized ~~and~~Loss ~~other~~0.00 ~~operative~~Ending ~~agreements~~Scheduled ~~executed~~Balance infor ~~connection~~Premium ~~with~~Loans ~~the~~406,679,056.72 ~~issuance~~Scheduled ofPrincipal ~~the Certificates~~1,321,092.80 aUnscheduled ~~form~~Principal ~~of which was filed as an exhibit to the Registration Statement~~9,117,588.44

~~The~~Cap ~~Certificates~~0.00 ~~were~~Floor ~~issued~~0.00 ~~pursuant~~Other toIncome ~~a Pooling and Servicing Agreement~~ (~~the “Pooling and Servicing Agreement”)~~531, ~~attached hereto as Exhibit 4~~494.1,05) ~~dated~~Non asSupp ofCompensating September 1, 2003, among Bayview Financial Securities Company, LLC, as depositor, Wachovia Bank, National Association, as trustee, and Wells Fargo Bank Minnesota, National Association, as master servicerInt. ~~The~~ ~~“Certificates” consist of the following classes: Class IO, Class A-IO, Class A, Class M-1, Class M-2, Class M-3, Class M-4, Class B, Class F, Class X, Class P and Class R~~(6.97)

~~The~~Miscellaneous ~~Certificates~~Reporting ~~evidence~~Specified ~~all~~O/C ofAmount ~~the beneficial ownership interest in a trust fund (the “Trust Fund”)~~11, ~~the assets of which consist primarily of a pool of certain first lien~~453,646.57 ~~fixed~~Overcollateralized ~~and~~Amount ~~adjustable rate~~2, ~~fully amortizing and balloon loans secured by single-family residential~~073,783.90 ~~multifamily,~~Overcollateralized ~~commercial~~Deficiency ~~and~~Amount ~~mixed use properties (the “Mortgage Loans”) with an aggregate outstanding principal balance of approximately $416~~9,~~496~~786,~~240~~908.61 asBase ofOvercollateralization ~~September~~Amount 12, ~~2003~~082,481.20 ~~together~~Extra ~~with~~Principal ~~certain~~Distribution ~~other~~Amount ~~assets~~407,145. ~~Capitalized~~94 ~~terms~~Excess ~~used~~Cash ~~herein~~Amount ~~and not otherwise defined shall have the meanings assigned to them in the Pooling and Servicing Agreement~~814,291.88

~~_______________~~Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed ARM Weighted Average Coupon Rate 8.110370 5.904770 6.729424 Weighted Average Net Rate 7.647680 5.609388 6.249161 Weighted Average Maturity 222 347 227 Beginning Loan Count 2,926 77 1,257 Loans Paid In Full 36 0 19 Ending Loan Count 2,890 77 1,238 Beginning Scheduled Balance 257,009,345.16 31,946,042.25 128,162,350.55 Ending scheduled Balance 249,737,215.71 31,929,501.99 125,012,339.02 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal And Interest Constant 2,659,594.01 175,332.84 1,099,110.73 Scheduled Principal 922,559.96 18,137.80 380,395.04 Unscheduled Principal 6,349,569.49 (1,597.54) 2,769,616.49 Scheduled Interest 1,737,034.05 157,195.04 718,715.69 Servicing Fees 99,123.59 7,863.58 51,293.09 Master Servicing Fees 3,212.69 399.35 1,602.12 Trustee Fee 1,070.95 133.12 534.12 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 535.68 66.59 266.86 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 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 1,633,091.34 148,732.51 665,019.54 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.625178 5.586885 6.226660

Group Level Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.517143 Weighted Average Net Rate 7.061867 Weighted Average Maturity 359 Beginning Loan Count 4,260 Loans Paid In Full 55 Ending Loan Count 4,205 Beginning Scheduled Balance 417,117,737.96 Ending scheduled Balance 406,679,056.72 Record Date 09/30/2003 Principal And Interest Constant 3,934,037.58 Scheduled Principal 1,321,092.80 Unscheduled Principal 9,117,588.44 Scheduled Interest 2,612,944.78 Servicing Fees 158,280.26 Master Servicing Fees 5,214.16 Trustee Fee 1,738.19 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 869.13 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,446,843.39 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.039366

Capitalized terms used but not otherwise defined herein shall have the same meanings ascribed to them in the Prospectus.

Item 7. Financial Statements; Pro Forma Financial Information and Exhibits.

(a)

Not applicable.

(b)

Not Applicable.

(c)

Exhibits:

4.1

Pooling and Servicing Agreement, dated as of September 1, 2003, among Bayview Financial Securities Company, LLC, as Depositor, Wachovia Bank, National Association, as Trustee, and Wells Fargo Bank Minnesota, National Association, as Master Servicer.

99.1

Servicing Agreement, dated as of September 1, 2003, between M&T Mortgage Corporation, as Servicer and Wachovia Bank, National Association, as Trustee.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BAYVIEW FINANCIAL SECURITIES COMPANY, LLC

By: /s/ Stuart Waldman

Name: Stuart Waldman

Title: Vice President

Dated: October 8, 2003

EXHIBIT INDEX

Exhibit No.

Description

4.1

99.1

Servicing Agreement, dated as of September 1, 2003, between M&T Mortgage Corporation, as Servicer and Wachovia Bank, National Association, as Trustee.

Filing Compare · BAYVIEW FINANCIAL CORP MORTGAGE PASS THR CERTS SER 2003-E