8-K 1 bay0300e.txt NOVEMBER 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): November 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 54-2132822 Pooling and Servicing Agreement) (Commission 54-2132823 (State or other File Number) 54-2132824 jurisdiction 54-2132825 of Incorporation) 54-2132826 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 November 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 November 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: 11/25/03 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 November 28, 2003 distribution. EX-99.1

Bayview Financial ~~Acquisition~~Securities ~~Trust~~Company, LLC. Mortgage Pass-Through Certificates Record Date: 910/3031/03 Distribution Date: 1011/28/03 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~~203,~~039~~339.2553 0.00 AIO 07324QDV5 SEN 4.00000% 0.00 ~~254~~381,~~524~~786.4467 0.00 A 07324QDW3 SEN 1.62000% ~~370~~359,~~681~~835,~~000~~172.0082 ~~333~~501,~~612~~970.9007 1016,~~845~~406,~~827~~978.1860 M1 07324QDX1 MEZ 1.87000% 21,866,000.00 2235,~~716~~210.3433 0.00 M2 07324QDY9 MEZ 2.42000% 4,164,000.00 58,~~598~~677.2731 0.00 M3 07324QDZ6 MEZ 3.12000% 7,288,000.00 1219,~~632~~580.5343 0.00 M4 07324QEA0 MEZ 3.62000% 3,123,000.00 69,~~280~~735.7009 0.00 B 07324QEB8 JUN 5.37000% 8,329,000.00 2438,~~848~~514.1868 0.00 F 07324QEC6 SEN 1.88000% 0.00 ~~301~~455,~~797~~987.8512 0.00 P 07324QEF9 SEN 0.00000% 100.00 0.00 0.00 X 07324QED4 SEN 0.00000% 0.00 ~~407~~367,~~145~~108.9441 0.00 R BAY030ER5 SEN 0.00000% 0.00 0.00 0.00 Totals ~~415~~404,~~451~~605,~~100~~272.0082 12,~~508~~021,~~196~~909.4064 1016,~~845~~406,~~827~~978.1860

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses IO 0.00 0.00 ~~139~~203,~~039~~339.2553 0.00 AIO 0.00 0.00 ~~254~~381,~~524~~786.4467 0.00 A 0.00 ~~359~~343,~~835~~428,~~172~~194.8222 1116,~~179~~908,~~440~~948.0867 0.00 M1 0.00 21,866,000.00 2235,~~716~~210.3433 0.00 M2 0.00 4,164,000.00 58,~~598~~677.2731 0.00 M3 0.00 7,288,000.00 1219,~~632~~580.5343 0.00 M4 0.00 3,123,000.00 69,~~280~~735.7009 0.00 B 0.00 8,329,000.00 2438,~~848~~514.1868 0.00 F 0.00 0.00 ~~301~~455,~~797~~987.8512 0.00 P 0.00 100.00 0.00 0.00 X 0.00 0.00 ~~407~~367,~~145~~108.9441 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~404~~388,~~605~~198,~~272~~294.8222 1218,~~354~~428,~~023~~888.5824 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 370,681,000.00 ~~370~~359,~~681~~835,~~000~~172.0082 1,~~321~~243,~~092~~305.8055 915,~~524~~163,~~734~~673.3805 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~~404,~~451~~605,~~100~~272.0082 1,~~321~~243,~~092~~305.8055 915,~~524~~163,~~734~~673.3805 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 1016,~~845~~406,~~827~~978.1860 ~~359~~343,~~835~~428,~~172~~194.8222 0.~~97074081~~92647909 1016,~~845~~406,~~827~~978.1860 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 1016,~~845~~406,~~827~~978.1860 ~~404~~388,~~605~~198,~~272~~294.8222 0.~~97389385~~93440189 1016,~~845~~406,~~827~~978.1860

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~~970.~~00000000~~74080630 3.~~56396147~~35411189 2540.~~69523223~~90760802 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 8,329,000.00 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.

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 2944.~~25919370~~26171992 ~~970~~926.~~74080630~~47908638 0.~~97074081~~92647909 2944.~~25919370~~26171992 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% ~~417~~406,~~117~~679,~~737~~056.9672 ~~139~~203,~~039~~339.2553 0.00 0.00 AIO 0.00 4.00000% 114,536,000.00 ~~254~~381,~~524~~786.4467 0.00 0.00 A 370,681,000.00 1.62000% ~~370~~359,~~681~~835,~~000~~172.0082 ~~333~~501,~~612~~970.9007 0.00 0.00 M1 21,866,000.00 1.87000% 21,866,000.00 2235,~~716~~210.3433 0.00 0.00 M2 4,164,000.00 2.42000% 4,164,000.00 58,~~598~~677.2731 0.00 0.00 M3 7,288,000.00 3.12000% 7,288,000.00 1219,~~632~~580.5343 0.00 0.00 M4 3,123,000.00 3.62000% 3,123,000.00 69,~~280~~735.7009 0.00 0.00 B 8,329,000.00 5.37000% 8,329,000.00 2438,~~848~~514.1868 0.00 0.00 F 0.00 1.88000% ~~288~~281,~~955~~666,~~387~~717.4170 ~~301~~455,~~797~~987.8512 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~~654,~~050~~801.4623 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 ~~139~~203,~~039~~339.2553 0.00 ~~406~~390,~~679~~639,~~056~~186.7253 AIO 0.00 0.00 ~~254~~381,~~524~~786.4467 0.00 114,536,000.00 A 0.00 0.00 ~~333~~501,~~612~~970.9007 0.00 ~~359~~343,~~835~~428,~~172~~194.8222 M1 0.00 0.00 2235,~~716~~210.3433 0.00 21,866,000.00 M2 0.00 0.00 58,~~598~~677.2731 0.00 4,164,000.00 M3 0.00 0.00 1219,~~632~~580.5343 0.00 7,288,000.00 M4 0.00 0.00 69,~~280~~735.7009 0.00 3,123,000.00 B 0.00 0.00 2438,~~848~~514.1868 0.00 8,329,000.00 F 0.00 0.00 ~~301~~455,~~797~~987.8512 0.00 ~~281~~272,~~666~~172,~~717~~670.7016 P 0.00 0.00 0.00 0.00 100.00 X 0.00 0.00 ~~407~~367,~~145~~108.9441 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 12,~~508~~021,~~196~~909.4064 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% ~~1001~~976.~~49220771~~42912128 0.~~33383075~~48821456 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 23.~~22222218~~33333336 0.00000000 0.00000000 A 370,681,000.00 1.62000% ~~1000~~970.~~00000000~~74080630 01.~~90000000~~35418344 0.00000000 0.00000000 M1 21,866,000.00 1.87000% 1000.00000000 1.~~03888869~~61027760 0.00000000 0.00000000 M2 4,164,000.00 2.42000% 1000.00000000 12.~~34444524~~08388809 0.00000000 0.00000000 M3 7,288,000.00 3.12000% 1000.00000000 12.~~73333288~~68666712 0.00000000 0.00000000 M4 3,123,000.00 3.62000% 1000.00000000 23.~~01111111~~11722382 0.00000000 0.00000000 B 8,329,000.00 5.37000% 1000.00000000 24.~~98333293~~62416617 0.00000000 0.00000000 F 0.00 1.88000% ~~1002~~976.~~15548336~~87690877 1.~~04669573~~58145517 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.~~33383075~~48821456 0.00000000 ~~976~~937.~~42912128~~91768063 AIO 0.00000000 0.00000000 23.~~22222218~~33333336 0.00000000 1000.00000000 A 0.00000000 0.00000000 01.~~90000000~~35418344 0.00000000 ~~970~~926.~~74080630~~47908638 M1 0.00000000 0.00000000 1.~~03888869~~61027760 0.00000000 1000.00000000 M2 0.00000000 0.00000000 12.~~34444524~~08388809 0.00000000 1000.00000000 M3 0.00000000 0.00000000 12.~~73333288~~68666712 0.00000000 1000.00000000 M4 0.00000000 0.00000000 23.~~01111111~~11722382 0.00000000 1000.00000000 B 0.00000000 0.00000000 24.~~98333293~~62416617 0.00000000 1000.00000000 F 0.00000000 0.00000000 1.~~04669573~~58145517 0.00000000 ~~976~~943.~~87690877~~94963966 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 1218,~~435~~517,~~643~~555.6520 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 84158,~~481~~919.8829 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1218,~~520~~676,~~125~~474.5349 Withdrawals Reimbursement for Servicer Advances 084,481.0088 Payment of Service Fee ~~166~~163,~~101~~104.9537 Payment of Interest and Principal 1218,~~354~~428,~~023~~888.5824 Total Withdrawals (Pool Distribution Amount) 1218,~~520~~676,~~125~~474.5349 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~158~~155,~~280~~479.4707 Custodian Fee ~~869~~847.1343 Indenture Trustee Fee 1,~~738~~694.1959 Master Servicing Fee 5,~~214~~083.1628 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~166~~163,~~101~~104.9537

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 02 0 0 02 0130,491.0096 0.00 0.00 0130,491.0096 30 Days ~~117~~172 0 0 0 ~~117~~172 816,~~904~~347,~~119~~665.4781 0.00 0.00 0.00 816,~~904~~347,~~119~~665.4781 60 Days 1223 0 0 0 1223 ~~527~~1,~~232~~884,760.9705 0.00 0.00 0.00 ~~527~~1,~~232~~884,760.9705 90 Days 05 0 0 0 05 0261,850.0030 0.00 0.00 0.00 0261,850.0030 120 Days 01 0 0 0 01 0100,156.0024 0.00 0.00 0.00 0100,156.0024 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~~201 02 0 0 ~~129~~203 918,~~431~~594,~~352~~432.4440 0130,491.0096 0.00 0.00 918,~~431~~724,~~352~~924.4436 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.~~000000~~048996% 0.000000% 0.000000% 0.~~000000~~048996% 0.~~000000~~033317% 0.000000% 0.000000% 0.~~000000~~033317% 30 Days 24.~~782402~~213621% 0.000000% 0.000000% 0.000000% 24.~~782402~~213621% 24.~~183791~~173913% 0.000000% 0.000000% 0.000000% 24.~~183791~~173913% 60 Days 0.~~285375~~563449% 0.000000% 0.000000% 0.000000% 0.~~285375~~563449% 0.~~129307~~481220% 0.000000% 0.000000% 0.000000% 0.~~129307~~481220% 90 Days 0.~~000000~~122489% 0.000000% 0.000000% 0.000000% 0.~~000000~~122489% 0.~~000000~~066856% 0.000000% 0.000000% 0.000000% 0.~~000000~~066856% 120 Days 0.~~000000~~024498% 0.000000% 0.000000% 0.000000% 0.~~000000~~024498% 0.~~000000~~025572% 0.000000% 0.000000% 0.000000% 0.~~000000~~025572% 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 34.~~067776~~924057% 0.~~000000~~048996% 0.000000% 0.000000% 34.~~067776~~973052% 24.~~313098~~747561% 0.~~000000~~033317% 0.000000% 0.000000% 24.~~313098~~780879%

Delinquency Status By Groups

~~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~~144 0 0 0 ~~106~~144 613,~~723~~655,~~122~~584.1876 0.00 0.00 0.00 613,~~723~~655,~~122~~584.1876 60 Days 1221 0 0 0 1221 ~~527~~1,~~232~~410,257.9700 0.00 0.00 0.00 ~~527~~1,~~232~~410,257.9700 90 Days 05 0 0 0 05 0261,850.0030 0.00 0.00 0.00 0261,850.0030 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~~170 0 0 0 ~~118~~170 715,~~250~~327,~~355~~692.1506 0.00 0.00 0.00 715,~~250~~327,~~355~~692.1506 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 35.~~667820~~120910% 0.000000% 0.000000% 0.000000% 35.~~667820~~120910% 25.~~684246~~655226% 0.000000% 0.000000% 0.000000% 25.~~684246~~655226% 60 Days 0.~~415225~~746799% 0.000000% 0.000000% 0.000000% 0.~~415225~~746799% 0.~~210501~~584034% 0.000000% 0.000000% 0.000000% 0.~~210501~~584034% 90 Days 0.~~000000~~177809% 0.000000% 0.000000% 0.000000% 0.~~000000~~177809% 0.~~000000~~108441% 0.000000% 0.000000% 0.000000% 0.~~000000~~108441% 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 46.~~083045~~045519% 0.000000% 0.000000% 0.000000% 46.~~083045~~045519% 26.~~894746~~347700% 0.000000% 0.000000% 0.000000% 26.~~894746~~347700% 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 10 0 0 0 10 ~~301,503~~0.0500 0.00 0.00 0.00 ~~301,503~~0.0500 60 Days 01 0 0 0 01 0301,503.0005 0.00 0.00 0.00 0301,503.0005 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 10.~~298701~~000000% 0.000000% 0.000000% 0.000000% 10.~~298701~~000000% 0.~~943699~~000000% 0.000000% 0.000000% 0.000000% 0.~~943699~~000000% 60 Days 01.~~000000~~315789% 0.000000% 0.000000% 0.000000% 01.~~000000~~315789% 0.~~000000~~958735% 0.000000% 0.000000% 0.000000% 0.~~000000~~958735% 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~~315789% 0.000000% 0.000000% 0.000000% 1.~~298701~~315789% 0.~~943699~~958735% 0.000000% 0.000000% 0.000000% 0.~~943699~~958735% 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 02 0 0 02 0130,491.0096 0.00 0.00 0130,491.0096 30 Days 1028 0 0 0 1028 12,~~879~~692,~~494~~081.2405 0.00 0.00 0.00 12,~~879~~692,~~494~~081.2405 60 Days 01 0 0 0 01 0173,000.00 0.00 0.00 0.00 0173,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 01 0 0 0 01 0100,156.0024 0.00 0.00 0.00 0100,156.0024 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 1030 02 0 0 1032 12,~~879~~965,~~494~~237.2429 0130,491.0096 0.00 0.00 13,~~879~~095,~~494~~729.2425 0-29 Days 0.~~000000~~167504% 0.000000% 0.000000% 0.~~000000~~167504% 0.~~000000~~109891% 0.000000% 0.000000% 0.~~000000~~109891% 30 Days 02.~~807754~~345059% 0.000000% 0.000000% 0.000000% 02.~~807754~~345059% 12.~~499736~~267085% 0.000000% 0.000000% 0.000000% 12.~~499736~~267085% 60 Days 0.~~000000~~083752% 0.000000% 0.000000% 0.000000% 0.~~000000~~083752% 0.~~000000~~145689% 0.000000% 0.000000% 0.000000% 0.~~000000~~145689% 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~~083752% 0.000000% 0.000000% 0.000000% 0.~~000000~~083752% 0.~~000000~~084345% 0.000000% 0.000000% 0.000000% 0.~~000000~~084345% 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 02.~~807754~~512563% 0.~~000000~~167504% 0.000000% 0.000000% 02.~~807754~~680067% 12.~~499736~~497118% 0.~~000000~~109891% 0.000000% 0.000000% 12.~~499736~~607009%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 84158,~~481~~919.8829 Class A-IO 415,451,100.00 99.74906399% 388,198,294.22 99.37515426% 0.000000% 0.000000% Class M-1 22,904,100.00 5.49923333% 22,904,100.00 5.86323666% 5.597493% 0.000000% Class M-2 18,740,100.00 4.49946440% 18,740,100.00 4.79729137% 1.065945% 0.000000% Class M-3 11,452,100.00 2.74962867% 11,452,100.00 2.93163113% 1.865660% 0.000000% Class M-4 8,329,100.00 1.99980197% 8,329,100.00 2.13217216% 0.799459% 0.000000% Class B 100.00 0.00002401% 100.00 0.00002560% 2.132147% 0.000000% Class F 100.00 0.00002401% 100.00 0.00002560% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000026% 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

~~Class~~COLLATERAL ~~A-IO~~STATEMENT ~~415,451,100.00~~Collateral ~~99.74906399%~~Description ~~404,605,272.82~~Fixed ~~99.49006868%~~& ~~0.000000%~~Mixed ~~0.000000%~~ARM ~~Class~~Weighted ~~M-1~~Average ~~22,904,100.00~~Gross 5Coupon 7.~~49923333~~509103% ~~22,904,100.00~~Weighted ~~5.63198415%~~Average ~~5.376721%~~Net 0Coupon 7.~~000000~~050327% ~~Class~~Weighted MAverage Pass-2Through ~~18,740,100.00~~Rate 47.~~49946440~~027826% ~~18,740,100.00~~Weighted ~~4.60808092%~~Average ~~1.023903%~~Maturity(Stepdown ~~0.000000%~~Calculation ~~Class~~) ~~M-3~~234 ~~11,452,100.00~~Beginning ~~2.74962867%~~Scheduled 11Collateral Loan Count 4,~~452,100.00~~205 ~~2.81600437%~~Number ~~1.792077%~~Of ~~0.000000%~~Loans ~~Class~~Paid ~~M-4~~In ~~8,329,100.00~~Full ~~1.99980197%~~123 ~~8,329,100.00~~Ending ~~2.04807694%~~Scheduled ~~0.767927%~~Collateral ~~0.000000%~~Loan ~~Class~~Count B4,082 ~~100.00~~Beginning ~~0.00002401%~~Scheduled ~~100.00~~Collateral ~~0.00002459%~~Balance 2406,679,056.~~048052%~~72 ~~0.000000%~~Ending ~~Class~~Scheduled FCollateral ~~100.00~~Balance 0390,639,186.~~00002401%~~53 ~~100.00~~Ending ~~0.00002459%~~Actual ~~0.000000%~~Collateral ~~0.000000%~~Balance ~~Class~~at P31-Oct-2003 0391,662,820.0044 ~~0.00000000%~~Monthly ~~0.00~~P ~~0.00000000%~~&I ~~0.000025%~~Constant 03,788,134.~~000000%~~77 ~~Class~~Special XServicing ~~0.00~~Fee 0.~~00000000% 0.~~00 ~~0.00000000%~~Prepayment ~~0.000000%~~Penalties 0.~~000000%~~00 ~~Class~~Realized ~~R-V~~Loss 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~~390,639,186.53 ~~for~~Scheduled aPrincipal ~~Full~~1,243,305.55 ~~Description~~Unscheduled ofPrincipal ~~Loss Exposure~~14,796,564.64

~~COLLATERAL~~Cap STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.517143% Weighted Average Net Coupon 7.061867% Weighted Average Pass-Through Rate 7.039366% Weighted Average Maturity(Stepdown Calculation ) 359 Beginning Scheduled Collateral Loan Count 3,999 Number Of Loans Paid In Full 55 Ending Scheduled Collateral Loan Count 4,205 Beginning Scheduled Collateral Balance 416,496,239.06 Ending Scheduled Collateral Balance 406,679,056.72 Ending Actual Collateral Balance at 30-Sep-2003 407,736,765.26 Monthly P &I Constant 3,934,037.58 Special Servicing Fee 0.00 ~~Prepayment~~Floor ~~Penalties~~ 0.00 ~~Realized~~Other ~~Loss~~Income ~~Amount 0~~7,299.0078 ~~Cumulative~~Non ~~Realized~~Supp ~~Loss~~Compensating 0Int.00 ~~Ending Scheduled Balance for Premium Loans 406,679,056~~(6.~~72 Scheduled Principal 1,321,092.80 Unscheduled Principal 9,117,588.44~~63)

~~Cap~~Miscellaneous 0Reporting Specified O/C Amount 11,453,646.0057 ~~Floor~~Overcollateralized 0Amount 2,440,892.0031 ~~Other~~Overcollateralized ~~Income~~Deficiency ~~(531~~Amount 9,~~494~~379,762.~~05)~~67 ~~Non~~Base ~~Supp~~Overcollateralization ~~Compensating~~Amount ~~Int~~2,082,481.20 (6Extra Principal Distribution Amount 367,108.~~97)~~41 Excess Cash Amount 734,216.82

~~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 8.126350 5.904824 6.685779 Weighted Average Net Rate 7.659349 5.609476 6.201690 Weighted Average Maturity 223 347 226 Beginning Loan Count 2,890 77 1,238 Loans Paid In Full 78 1 44 Ending Loan Count 2,812 76 1,194 Beginning Scheduled Balance 249,737,215.71 31,929,501.99 125,012,339.02 Ending scheduled Balance 240,741,394.25 31,431,275.91 118,466,516.37 Record Date 10/C31/2003 ~~Amount~~10/31/2003 1110/31/2003 Principal And Interest Constant 2,~~453~~540,~~646~~323.21 175,331.65 1,072,479.91 Scheduled Principal 849,113.13 18,216.57 ~~Overcollateralized~~375,975.85 ~~Amount~~Unscheduled 2Principal 8,~~073~~146,~~783~~708.9033 ~~Overcollateralized~~480,009.51 ~~Deficiency~~6,169,846.80 ~~Amount~~Scheduled 9Interest 1,~~786~~691,~~908~~210.08 157,115.08 696,504.06 Servicing Fees 97,189.57 7,858.61 ~~Base~~50,430.89 ~~Overcollateralization~~Master ~~Amount~~Servicing 2Fees 3,~~082~~121.51 399.13 1,~~481~~562.2064 ~~Extra~~Trustee ~~Principal~~Fee ~~Distribution~~1,040.52 133.04 521.03 FRY Amount ~~407~~0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 520.48 66.55 260.40 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,~~145~~589,338.9400 ~~Excess~~148,657.75 ~~Cash~~643,729.10 Realized Loss Amount ~~814,291~~0.8800 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 7.636850 5.586976 6.179189

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.~~110370~~509103 ~~5.904770 6.729424~~ Weighted Average Net Rate 7.~~647680~~050327 ~~5.609388 6.249161~~ Weighted Average Maturity ~~222~~234 ~~347 227~~ Beginning Loan Count 24,~~926~~205 ~~77 1,257~~ Loans Paid In Full 36123 ~~0 19~~ Ending Loan Count 24,~~890~~082 ~~77 1,238~~ Beginning Scheduled Balance ~~257~~406,~~009~~679,~~345~~056.1672 ~~31,946,042.25 128,162,350.55~~ Ending scheduled Balance ~~249~~390,~~737~~639,~~215~~186.7153 ~~31,929,501.99 125,012,339.02~~ Record Date 0910/3031/2003 ~~09/30/2003 09/30/2003~~ Principal And Interest Constant 23,~~659~~788,~~594~~134.0177 ~~175,332.84 1,099,110.73~~ Scheduled Principal ~~922~~1,~~559.96 18~~243,~~137~~305.8055 ~~380,395.04~~ Unscheduled Principal 614,~~349~~796,~~569~~564.4964 ~~(1,597.54) 2,769,616.49~~ Scheduled Interest 12,~~737~~544,~~034~~829.0522 ~~157,195.04 718,715.69~~ Servicing Fees 99155,~~123~~479.5907 ~~7,863.58 51,293.09~~ Master Servicing Fees 35,~~212~~083.6928 ~~399.35 1,602.12~~ Trustee Fee 1,~~070~~694.9559 ~~133.12 534.12~~ FRY Amount 0.00 ~~0.00 0.00~~ Special Hazard Fee 0.00 ~~0.00 0.00~~ Other Fee ~~535~~847.6843 ~~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 12,~~633~~381,~~091~~724.3485 ~~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~~027826

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

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