8-K 1 bay0300d.txt DECEMBER 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): December 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 December 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 December 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 Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/6/04 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 December 29, 2003 distribution. EX-99.1

Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2829/03 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 ~~192~~175,~~434~~266.0322 0.00 AIO 073249BE3 SEN 4.00000% 0.00 386,666.67 0.00 A 073249BD5 SEN 1.~~57000~~56875% ~~338~~303,~~430~~590,~~041~~164.8343 ~~428~~410,~~019~~110.9926 218,~~460~~477,~~804~~244.4763 M1 073249BH6 MEZ 1.~~97000~~96875% 22,134,000.00 3537,~~125~~524.4305 0.00 M2 073249BJ2 MEZ 2.~~72000~~71875% 4,216,000.00 9,~~237~~870.7227 0.00 M3 073249BK9 MEZ 3.~~27000~~26875% 7,378,000.00 1920,~~434~~767.8828 0.00 M4 073249BL7 MEZ 3.~~92000~~91875% 3,162,000.00 910,~~984~~670.8910 0.00 B 073240BF0 JUN 5.~~37000~~36875% 8,432,000.00 3638,~~475~~981.4390 0.00 F 073249BP8 SEN 1.~~88000~~88125% 0.00 ~~370~~354,~~252~~658.9371 0.00 P 073249BR4 SEN 0.00000% 100.00 0.00 0.00 X 073249BQ6 SEN 0.00000% 0.00 ~~281~~645,~~207~~974.9671 0.00 R 073249BM5 SEN 0.00000% 0.00 0.00 0.00 Totals ~~383~~348,~~752~~912,~~141~~264.8343 12,~~768~~090,~~839~~490.9317 218,~~460~~477,~~804~~244.4763

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses IO 0.00 0.00 ~~192~~175,~~434~~266.0322 0.00 AIO 0.00 0.00 386,666.67 0.00 A 0.00 ~~316~~295,~~969~~112,~~237~~919.3681 218,~~888~~887,~~824~~354.4689 0.00 M1 0.00 22,134,000.00 3537,~~125~~524.4305 0.00 M2 0.00 4,216,000.00 9,~~237~~870.7227 0.00 M3 0.00 7,378,000.00 1920,~~434~~767.8828 0.00 M4 0.00 3,162,000.00 910,~~984~~670.8910 0.00 B 0.00 8,432,000.00 3638,~~475~~981.4390 0.00 F 0.00 0.00 ~~370~~354,~~252~~658.9371 0.00 P 0.00 100.00 0.00 0.00 X 0.00 0.00 ~~281~~645,~~207~~974.9671 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~362~~340,~~291~~435,~~337~~019.3681 2310,~~229~~567,~~644~~734.4080 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 ~~338~~303,~~430~~590,~~041~~164.8343 ~~937~~886,~~321~~534.0489 207,~~523~~590,~~483~~709.4374 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 ~~383~~348,~~752~~912,~~141~~264.8343 ~~937~~886,~~321~~534.0489 207,~~523~~590,~~483~~709.4374 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 218,~~460~~477,~~804~~244.4763 ~~316~~295,~~969~~112,~~237~~919.3681 0.~~84472644~~78647912 218,~~460~~477,~~804~~244.4763 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 218,~~460~~477,~~804~~244.4763 ~~362~~340,~~291~~435,~~337~~019.3681 0.~~86145986~~80948970 218,~~460~~477,~~804~~244.4763

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 ~~901~~809.~~91971876~~07106899 2.~~49797070~~36262506 5420.~~69530513~~22932349 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 5722.~~19327583~~59194855 ~~844~~786.~~72644293~~47912047 0.~~84472644~~78647912 5722.~~19327583~~59194855 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% ~~384~~350,~~868~~532,~~055~~437.9587 ~~192~~175,~~434~~266.0322 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.~~57000~~56875% ~~338~~303,~~430~~590,~~041~~164.8343 ~~428~~410,~~019~~110.9926 0.00 0.00 M1 22,134,000.00 1.~~97000~~96875% 22,134,000.00 3537,~~125~~524.4305 0.00 0.00 M2 4,216,000.00 2.~~72000~~71875% 4,216,000.00 9,~~237~~870.7227 0.00 0.00 M3 7,378,000.00 3.~~27000~~26875% 7,378,000.00 1920,~~434~~767.8828 0.00 0.00 M4 3,162,000.00 3.~~92000~~91875% 3,162,000.00 910,~~984~~670.8910 0.00 0.00 B 8,432,000.00 5.~~37000~~36875% 8,432,000.00 3638,~~475~~981.4390 0.00 0.00 F 0.00 1.~~88000~~88125% ~~244~~218,~~481~~929,~~021~~823.8633 ~~370~~354,~~252~~658.9371 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,~~487~~444,~~631~~515.9746 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 ~~192~~175,~~434~~266.0322 0.00 ~~363~~342,~~688~~701,~~459~~197.4486 AIO 0.00 0.00 386,666.67 0.00 116,000,000.00 A 0.00 0.00 ~~428~~410,~~019~~110.9926 0.00 ~~316~~295,~~969~~112,~~237~~919.3681 M1 0.00 0.00 3537,~~125~~524.4305 0.00 22,134,000.00 M2 0.00 0.00 9,~~237~~870.7227 0.00 4,216,000.00 M3 0.00 0.00 1920,~~434~~767.8828 0.00 7,378,000.00 M4 0.00 0.00 910,~~984~~670.8910 0.00 3,162,000.00 B 0.00 0.00 3638,~~475~~981.4390 0.00 8,432,000.00 F 0.00 0.00 ~~370~~354,~~252~~658.9371 0.00 ~~227~~214,~~901~~793,~~977~~100.2108 P 0.00 0.00 0.00 0.00 100.00 X 0.00 0.00 ~~281~~645,~~207~~974.9671 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 12,~~768~~090,~~839~~490.9317 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% ~~912~~831.~~85106742~~41197386 0.~~45642554~~41570599 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 3.33333336 0.00000000 0.00000000 A 375,233,000.00 1.~~57000~~56875% ~~901~~809.~~91971876~~07106899 1.~~14067790~~09294827 0.00000000 0.00000000 M1 22,134,000.00 1.~~97000~~96875% 1000.00000000 1.~~58694452~~69531264 0.00000000 0.00000000 M2 4,216,000.00 2.~~72000~~71875% 1000.00000000 2.~~19111006~~34114564 0.00000000 0.00000000 M3 7,378,000.00 3.~~27000~~26875% 1000.00000000 2.~~63416644~~81475739 0.00000000 0.00000000 M4 3,162,000.00 3.~~92000~~91875% 1000.00000000 3.~~15777672~~37447818 0.00000000 0.00000000 B 8,432,000.00 5.~~37000~~36875% 1000.00000000 4.~~32583373~~62309061 0.00000000 0.00000000 F 0.00 1.~~88000~~88125% ~~905~~810.~~22785230~~62068651 1.~~37091731~~31317736 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.~~45642554~~41570599 0.00000000 ~~862~~812.~~61614409~~83741125 AIO 0.00000000 0.00000000 3.33333336 0.00000000 1000.00000000 A 0.00000000 0.00000000 1.~~14067790~~09294827 0.00000000 ~~844~~786.~~72644293~~47912047 M1 0.00000000 0.00000000 1.~~58694452~~69531264 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~19111006~~34114564 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~63416644~~81475739 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~15777672~~37447818 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~32583373~~62309061 0.00000000 1000.00000000 F 0.00000000 0.00000000 1.~~37091731~~31317736 0.00000000 ~~843~~795.~~84143929~~30384484 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 2310,~~446~~750,~~400~~554.2573 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~110~~147,~~399~~025.4456 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.0001 Prepayment Penalties 0.00 Total Deposits 2310,~~556~~897,~~799~~580.6930 Withdrawals Reimbursement for Servicer Advances 82111,~~978~~164.4092 Payment of Service Fee ~~244~~218,~~176~~680.8958 Payment of Interest and Principal 2310,~~229~~567,~~644~~734.4080 Total Withdrawals (Pool Distribution Amount) 2310,~~556~~897,~~799~~580.6930 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~174~~159,~~482~~456.0215 Custodian Fee ~~802~~730.1628 Indenture Trustee Fee 1,~~603~~460.6467 RMIC Premium 6252,~~478~~651.2282 Wells Fargo 4,~~810~~381.8566 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~244~~218,~~176~~680.8958

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.0001 1,000.0001

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 27 01 0 2728 2,~~225~~095,~~651~~440.1361 092,433.0026 0.00 2,~~225~~187,~~651~~873.1387 30 Days ~~106~~114 62 0 0 ~~112~~116 89,~~390~~581,~~158~~307.7675 ~~382~~273,~~985~~419.7420 0.00 0.00 89,~~773~~854,~~144~~726.5095 60 Days 2241 14 0 0 2345 23,~~232~~817,~~043~~908.6862 ~~178~~196,~~252~~319.2695 0.00 0.00 24,~~410~~014,~~295~~228.9457 90 Days 6 1 212 7 0 1019 43456,~~185~~611.4266 ~~228~~45,~~398~~029.2732 1916,~~440,375~~756.4647 0.00 1,~~711~~418,~~959~~397.1545 120 Days 0 0 08 01 09 0.00 0.00 01,052,234.0078 049,927.0011 01,102,161.0089 150 Days 12 02 05 0 19 7067,~~645~~752.1860 0228,398.0027 01,147,955.0099 0.00 701,~~645~~444,106.1886 180+ Days 01 0 0 0 01 070,645.0018 0.00 0.00 0.00 070,645.0018 Totals ~~130~~164 36 726 01 ~~173~~227 1013,~~736~~994,~~033~~225.0481 32,~~015~~838,~~287~~607.4035 13,~~440~~209,~~375~~380.4650 049,927.0011 1520,~~191~~092,~~695~~140.9077 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.~~753348~~788782% 0.~~000000~~029214% 0.000000% 0.~~753348~~817996% 0.~~610703~~610079% 0.~~000000~~026912% 0.000000% 0.~~610703~~636991% 30 Days 23.~~957589~~330412% 0.~~167411~~058428% 0.000000% 0.000000% 3.~~125000~~388840% 2.~~302201~~789560% 0.~~105089~~079605% 0.000000% 0.000000% 2.~~407290~~869165% 60 Days 01.~~613839~~197780% 0.~~027902~~116857% 0.000000% 0.000000% 01.~~641741~~314636% 01.~~612457~~111569% 0.~~048911~~057158% 0.000000% 0.000000% 01.~~661368~~168727% 90 Days 0.~~027902~~175285% 0.~~055804~~029214% 0.~~195313~~350570% 0.000000% 0.~~279018~~555069% 0.~~011850~~132941% 0.~~062671~~013110% 0.~~395229~~266910% 0.000000% 0.~~469750~~412961% 120 Days 0.000000% 0.000000% 0.~~000000~~233713% 0.~~000000~~029214% 0.~~000000~~262927% 0.000000% 0.000000% 0.~~000000~~306354% 0.~~000000~~014536% 0.~~000000~~320890% 150 Days 0.~~027902~~058428% 0.~~000000~~058428% 0.~~000000~~146071% 0.000000% 0.~~027902~~262927% 0.~~019385~~019726% 0.~~000000~~066497% 0.~~000000~~334223% 0.000000% 0.~~019385~~420446% 180+ Days 0.~~000000~~029214% 0.000000% 0.000000% 0.000000% 0.~~000000~~029214% 0.~~000000~~020568% 0.000000% 0.000000% 0.000000% 0.~~000000~~020568% Totals 34.~~627232~~791119% 1.~~004464~~051709% 0.~~195313~~759568% 0.~~000000~~029214% 46.~~827009~~631610% 24.~~945893~~074364% 0.~~827374~~826449% 0.~~395229~~934399% 0.~~000000~~014536% 45.~~168496~~849748%

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 1817 01 0 18 1,~~293~~104,~~116~~507.3898 092,433.0026 0.00 1,~~293~~196,~~116~~941.3824 30 Days 8088 52 0 0 8590 56,~~607~~324,~~926~~597.2621 ~~320~~273,~~650~~419.7120 0.00 0.00 56,~~928~~598,~~576~~016.9741 60 Days 1231 14 0 0 1335 12,~~101~~042,~~869~~235.3563 ~~178~~196,~~252~~319.2695 0.00 0.00 12,~~280~~238,~~121~~555.6158 90 Days 12 1 79 0 912 4345,~~185~~168.4283 ~~128~~45,~~729~~029.3032 1575,~~440,375~~125.4638 0.00 1665,~~612,290~~323.1853 120 Days 0 0 05 01 06 0.00 0.00 0538,714.0009 049,927.0011 0588,641.0020 150 Days 1 01 05 0 17 7043,~~645~~185.1842 0128,729.0030 01,147,955.0099 0.00 701,~~645~~319,870.1871 180 Days 01 0 0 0 01 070,645.0018 0.00 0.00 0.00 070,645.0018 Totals 94123 25 720 01 ~~126~~169 68,~~823~~525,~~626~~832.2127 1,~~920,~~748,005.6575 12,~~440~~354,~~375~~228.4672 049,927.0011 1012,~~184~~677,~~750~~993.3285 0-29 Days 0.~~796813~~788863% 0.~~000000~~046404% 0.000000% 0.~~796813~~835267% 0.~~671325~~611657% 0.~~000000~~051188% 0.000000% 0.~~671325~~662844% 30 Days 34.~~541390~~083527% 0.~~221337~~092807% 0.000000% 0.000000% 34.~~762727~~176334% 23.~~911370~~502448% 0.~~166467~~151415% 0.000000% 0.000000% 3.~~077837~~653863% 60 Days 01.~~531208~~438515% 0.~~044267~~185615% 0.000000% 0.000000% 01.~~575476~~624130% 01.~~572039~~130953% 0.~~092540~~108718% 0.000000% 0.000000% 01.~~664579~~239672% 90 Days 0.~~044267~~092807% 0.~~044267~~046404% 0.~~309872~~417633% 0.000000% 0.~~398406~~556845% 0.~~022420~~025014% 0.~~066830~~024936% 0.~~747775~~318494% 0.000000% 0.~~837025~~368444% 120 Days 0.000000% 0.000000% 0.~~000000~~232019% 0.~~000000~~046404% 0.~~000000~~278422% 0.000000% 0.000000% 0.~~000000~~298330% 0.~~000000~~027649% 0.~~000000~~325979% 150 Days 0.~~044267~~046404% 0.~~000000~~046404% 0.~~000000~~232019% 0.000000% 0.~~044267~~324826% 0.~~036676~~023915% 0.~~000000~~071288% 0.~~000000~~635717% 0.000000% 0.~~036676~~730921% 180 Days 0.~~000000~~046404% 0.000000% 0.000000% 0.000000% 0.~~000000~~046404% 0.~~000000~~039122% 0.000000% 0.000000% 0.000000% 0.~~000000~~039122% Totals 45.~~161133~~707657% 1.~~106684~~160093% 0.~~309872~~928074% 0.~~000000~~046404% 57.~~577689~~842227% 34.~~542504~~721452% 0.~~997162~~968014% 01.~~747775~~303729% 0.~~000000~~027649% 57.~~287441~~020844% 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 910 0 0 910 ~~932~~990,~~534~~932.7563 0.00 0.00 ~~932~~990,~~534~~932.7563 30 Days 26 10 0 0 2726 23,~~782~~256,~~232~~710.5054 ~~62,335~~0.0300 0.00 0.00 23,~~844~~256,~~567~~710.5354 60 Days 10 0 0 0 10 1,~~130~~775,~~174~~672.3399 0.00 0.00 0.00 1,~~130~~775,~~174~~672.3399 90 Days 4 0 13 0 07 1411,442.83 0.00 99341,~~668~~631.9709 0.00 ~~0.00 99~~753,~~668~~073.9792 120 Days 0 0 03 0 03 0.00 0.00 0513,520.0069 0.00 0513,520.0069 150 Days 01 01 0 0 02 024,567.0018 099,668.0097 0.00 0.00 0124,236.0015 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3641 11 06 0 4758 35,~~912~~468,~~406~~393.8354 1,~~094~~090,~~538~~601.7560 0855,151.0078 0.00 57,~~006~~414,~~945~~146.5892 0-29 Days 0.~~732303~~851064% 0.000000% 0.000000% 0.~~732303~~851064% 0.~~685130~~772730% 0.000000% 0.000000% 0.~~685130~~772730% 30 Days 2.~~115541~~212766% 0.~~081367~~000000% 0.000000% 0.000000% 2.~~196908~~212766% 2.~~044097~~539584% 0.~~045797~~000000% 0.000000% 0.000000% 2.~~089894~~539584% 60 Days 0.~~813670~~851064% 0.000000% 0.000000% 0.000000% 0.~~813670~~851064% 01.~~830335~~384670% 0.000000% 0.000000% 0.000000% 01.~~830335~~384670% 90 Days 0.~~000000~~340426% 0.~~081367~~000000% 0.~~000000~~255319% 0.000000% 0.~~081367~~595745% 0.~~000000~~320843% 0.~~073226~~000000% 0.~~000000~~266404% 0.000000% 0.~~073226~~587247% 120 Days 0.000000% 0.000000% 0.~~000000~~255319% 0.000000% 0.~~000000~~255319% 0.000000% 0.000000% 0.~~000000~~400444% 0.000000% 0.~~000000~~400444% 150 Days 0.~~000000~~085106% 0.~~000000~~085106% 0.000000% 0.000000% 0.~~000000~~170213% 0.~~000000~~019157% 0.~~000000~~077722% 0.000000% 0.000000% 0.~~000000~~096879% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~929211~~489362% 0.~~895037~~936170% 0.~~000000~~510638% 0.000000% 34.~~824247~~936170% 24.~~874432~~264255% 0.~~804154~~850451% 0.~~000000~~666848% 0.000000% 35.~~678586~~781554%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~110~~147,~~399~~025.44 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 Exposure56

~~COLLATERAL~~Class ~~STATEMENT~~IO ~~Collateral~~45,322,100.00 ~~Description~~10.74932651% ~~Fixed~~45,322,100.00 &13.22496107% ~~Mixed~~0.000000% ~~ARM~~0.000000% ~~Weighted~~Class ~~Average~~M-1 ~~Gross~~23,188,100.00 ~~Coupon 7~~5.~~143292~~49966701% ~~Weighted~~23,188,100.00 ~~Average~~6.76627340% ~~Net Coupon~~ 6.~~599266~~458688% ~~Weighted~~0.000000% ~~Average~~Class ~~Pass~~M-~~Through~~2 ~~Rate~~18,972,100.00 64.~~381961~~49973186% ~~Weighted~~18,972,100.00 ~~Average~~5.53604718% ~~Maturity(Stepdown~~1.230226% ~~Calculation~~0.000000% )Class ~~254~~M-3 ~~Beginning~~11,594,100.00 ~~Scheduled~~2.74984536% ~~Collateral~~11,594,100.00 ~~Loan Count~~ 3~~,718~~.38315129% ~~Number~~2.152896% Of0.000000% ~~Loans~~Class ~~Paid~~M-4 In8,432,100.00 ~~Full~~1.99989400% ~~353~~8,432,100.00 ~~Ending~~2.46048162% ~~Scheduled~~0.922670% ~~Collateral~~0.000000% ~~Loan~~Class ~~Count~~B ~~3,584~~100.00 ~~Beginning~~0.00002372% ~~Scheduled~~100.00 ~~Collateral~~0.00002918% ~~Balance~~2.460452% ~~384,868,055~~0.95000000% ~~Ending~~Class ~~Scheduled~~F ~~Collateral~~100.00 ~~Balance~~0.00002372% ~~363,688,459~~100.4400 ~~Ending~~0.00002918% ~~Actual~~0.000000% ~~Collateral~~0.000000% ~~Balance~~Class atP ~~30-Sep-2003~~0.00 ~~364,440,700~~0.9500000000% ~~Monthly~~0.00 P0.00000000% &I0.000029% ~~Constant 3,228,341~~0.88000000% ~~Special~~Class ~~Servicing~~X ~~Fee~~ 0.00 ~~Prepayment~~0.00000000% ~~Penalties~~ 0.00 ~~Realized~~0.00000000% ~~Loss~~0.000000% ~~Amount~~0.000000% Class R 0.00 ~~Cumulative~~0.00000000% ~~Realized~~0.00 ~~Loss~~0.00000000% 0.00000000% ~~Ending~~0.000000% ~~Scheduled~~Please ~~Balance~~Refer ~~for~~to ~~Premium~~the ~~Loans~~Prospectus ~~363,688,459.44~~Supplement ~~Scheduled~~for ~~Principal~~a ~~937,321.04~~Full ~~Unscheduled~~Description ~~Principal~~of ~~20,242,275.47~~Loss Exposure

~~Cap~~COLLATERAL ~~Amount~~STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.098286% Weighted Average Net Coupon 6.552409% Weighted Average Pass-Through Rate 6.349662% Weighted Average Maturity(Stepdown Calculation ) 252 Beginning Scheduled Collateral Loan Count 3,484 Number Of Loans Paid In Full 61 Ending Scheduled Collateral Loan Count 3,423 Beginning Scheduled Collateral Balance 350,532,437.87 Ending Scheduled Collateral Balance 342,701,197.86 Ending Actual Collateral Balance at 30-Nov-2003 343,470,208.27 Monthly P &I Constant 2,960,002.75 Special Servicing Fee 0.00 ~~Floor~~Prepayment ~~Amount~~Penalties 0.00 ~~Other~~Realized ~~Income~~Loss 3Amount (0.01) Cumulative Realized Loss (0.01) Ending Scheduled Balance for Premium Loans 342,~~203~~701,197.8086 Scheduled Principal 886,534.89 Unscheduled Principal 6,944,720.07

~~Miscellaneous~~Cap ~~Reporting Specified O/C~~ Amount ~~12,648,817~~0.3600 ~~Overcollateralized~~Floor Amount ~~1,397,122~~0.0800 ~~Overcollateralized~~Other ~~Deficiency~~Income ~~Amount 11~~881,~~532,803~~692.~~24 Base Overcollateralization Amount 2,108,136.23 Extra Principal Distribution Amount 281,207.96 Excess Cash Amount 562,415.91~~68

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~Specified ~~Statement~~O/C ~~Group~~Amount 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 212,~~351 104 1~~648,~~263~~817.36 ~~Loans~~Overcollateralized ~~Paid~~Amount ~~In Full 235 20 98 Ending Loan Count~~ 2,~~259 96 1~~266,~~229 Beginning Scheduled Balance 205,057,056~~178.3106 ~~39,423,965.55~~Overcollateralized ~~140,387,034.09~~Deficiency ~~Ending~~Amount scheduled Balance 192,200,832.32 35,701,144.89 135,786,482.23 Record Date 09/30/2003 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~~028,~~947~~514.~~90 Unscheduled Principal 12,311,974.50 3,711,697.~~01 ~~4,218,603.96~~Base ~~Scheduled~~Overcollateralization ~~Interest~~Amount ~~1,398,585.40 196,302.63 696,132.81 Servicing Fees 94,033.87 13,996.42 66,451.73 Master Servicing Fees~~ 2,~~563.03 492.84 1~~108,~~754~~136.9823 ~~Trustee~~Extra ~~Fee~~Principal ~~854.38~~Distribution ~~164.29 584.97 FRY~~ Amount ~~0.00 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~~645,~~392~~974.8171 ~~3,751.89~~Excess ~~21,333.52~~Cash ~~Spread~~Amount ~~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~~,~~263~~291,~~313~~949.89 177,815.06 605,715.00 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 5.17752943

Group Level Collateral Statement Group ~~Total~~Group 1 Group 2 Group 3 Collateral Description Mixed Fixed &Mixed ARM Mixed ARM Weighted Average Coupon Rate 78.~~143292~~190356 6.004600 5.862972 Weighted Average Net Rate 67.~~599266~~638120 5.575147 5.295012 Weighted Average Maturity ~~254~~238 346 246 Beginning Loan Count 32,~~718~~190 94 1,200 Loans Paid In Full ~~353~~35 1 25 Ending Loan Count 32,~~584~~155 93 1,175 Beginning Scheduled Balance ~~384~~183,~~868~~923,~~055~~067.9502 35,006,756.31 131,602,614.54 Ending scheduled Balance ~~363~~180,~~688~~143,~~459~~786.4476 34,649,313.32 127,908,097.78 Record Date 0911/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 31,~~228~~763,~~341~~422.8868 184,387.64 1,012,192.43 Scheduled Principal ~~937~~508,~~321~~093.0425 9,219.68 369,221.96 Unscheduled Principal 203,~~242~~271,~~275~~187.4701 348,223.31 3,325,309.75 Scheduled Interest 21,~~291~~255,~~020~~329.8443 175,167.96 642,985.42 Servicing Fees ~~174~~84,~~482~~640.0240 12,528.09 62,287.66 Master Servicing Fees 42,~~810~~299.8505 437.58 1,645.03 Trustee Fee ~~1,603~~766.6435 145.91 548.41 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~802~~383.1618 72.93 274.17 Pool Insurance Fee 6232,~~478~~408.2266 2,281.49 17,961.67 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 21,~~046~~134,~~843~~831.9582 159,701.97 560,268.44 Realized Loss Amount (0.01) 0.00 0.00 Cumulative Realized Loss (0.01) 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 67.~~381961~~404171 5.474440 5.108731

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