8-K 1 bay0400d_dec.txt DECEMBER 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): December 28, 2004 BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2004-D Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104181-06 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 28, 2004 a distribution was made to holders of BAYVIEW FINANCIAL SECURITIES COMPANY, LLC., Mortgage Pass-Through Certificates, Series 2004-D Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-D Trust, relating to the December 28, 2004 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 2004-D Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/3/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-D Trust, relating to the December 28, 2004 distribution. EX-99.1

~~________________________________________________~~Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/28/2004 Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Series 2004-D Contact: Customer Service - CTSLink Wells Fargo Bank, 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 A-IO 07325NAA0 SEN 3.50000% 0.00 381,458.33 0.00 A 07325NAB8 SEN 2.78750% 470,050,000.00 509,547.26 16,786,176.71 M-1 07325NAC6 MEZ 3.02750% 26,267,000.00 30,925.74 0.00 M-2 07325NAD4 MEZ 3.06750% 8,293,000.00 9,892.86 0.00 M-3 07325NAE2 MEZ 3.44750% 13,824,000.00 18,533.76 0.00 M-4 07325NAF9 MEZ 3.64750% 9,677,000.00 13,726.56 0.00 B1 07325NAG7 JUN 4.29750% 12,442,000.00 20,793.69 0.00 B2 07325NAH5 JUN 5.89750% 8,295,000.00 19,024.35 0.00 F 07325NAJ1 SEN 1.60250% 0.00 158,456.97 0.00 P 07325NAM4 SEN 0.00000% 100.00 6,309.96 0.00 X 07325NAK8 SEN 0.00000% 0.00 0.00 0.00 R 07325NAL6 RES 0.00000% 0.00 0.00 0.00 Totals 548,848,100.00 1,168,669.48 16,786,176.71

~~UNITED~~Certificateholder ~~STATES~~Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 381,458.33 0.00 A 0.00 453,263,823.29 17,295,723.97 0.00 M-1 0.00 26,267,000.00 30,925.74 0.00 M-2 0.00 8,293,000.00 9,892.86 0.00 M-3 0.00 13,824,000.00 18,533.76 0.00 M-4 0.00 9,677,000.00 13,726.56 0.00 B1 0.00 12,442,000.00 20,793.69 0.00 B2 0.00 8,295,000.00 19,024.35 0.00 F 0.00 0.00 158,456.97 0.00 P 0.00 100.00 6,309.96 0.00 X 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 532,061,923.29 17,954,846.19 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) A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A 470,050,000.00 470,050,000.00 1,000,454.51 15,785,722.20 0.00 0.00 M-1 26,267,000.00 26,267,000.00 0.00 0.00 0.00 0.00 M-2 8,293,000.00 8,293,000.00 0.00 0.00 0.00 0.00 M-3 13,824,000.00 13,824,000.00 0.00 0.00 0.00 0.00 M-4 9,677,000.00 9,677,000.00 0.00 0.00 0.00 0.00 B1 12,442,000.00 12,442,000.00 0.00 0.00 0.00 0.00 B2 8,295,000.00 8,295,000.00 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 548,848,100.00 548,848,100.00 1,000,454.51 15,785,722.20 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 A-IO 0.00 0.00 0.00000000 0.00 A 16,786,176.71 D453,263,823.C29 0. ~~20549~~96428853 16,786,176.71 M-1 0.00 26,267,000.00 1.00000000 0.00 M-2 0.00 8,293,000.00 1.00000000 0.00 M-3 0.00 13,824,000.00 1.00000000 0.00 M-4 0.00 9,677,000.00 1.00000000 0.00 B1 0.00 12,442,000.00 1.00000000 0.00 B2 0.00 8,295,000.00 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 16,786,176.71 532,061,923.29 0.96941562 16,786,176.71

~~FORM~~Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A 470,050,000.00 1000.00000000 2.12840019 33.58307031 0.00000000 M-1 26,267,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 8,293,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-K3 13,824,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 9,677,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 12,442,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 8,295,000.00 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 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A 0.00000000 35.71147050 964.28852950 0.96428853 35.71147050 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 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 Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-IO 0.00 3.50000% 280,255,097.00 381,458.33 0.00 0.00 A 470,050,000.00 2.78750% 470,050,000.00 509,547.26 0.00 0.00 M-1 26,267,000.00 3.02750% 26,267,000.00 30,925.74 0.00 0.00 M-2 8,293,000.00 3.06750% 8,293,000.00 9,892.86 0.00 0.00 M-3 13,824,000.00 OR3.44750% ~~15(d)~~13,824,000.00 OF18,533.76 ~~THE~~0.00 0.00 M-4 9,677,000.00 3.64750% 9,677,000.00 13,726.56 0.00 0.00 B1 12,442,000.00 4.29750% 12,442,000.00 20,793.69 0.00 0.00 B2 8,295,000.00 5.89750% 8,295,000.00 19,024.35 0.00 0.00 F 0.00 1.60250% 254,265,698.04 158,456.97 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 548,848,100.00 1,162,359.52 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 A-IO 0.00 0.00 381,458.33 0.00 266,100,244.00 A 0.00 0.00 509,547.26 0.00 453,263,823.29 M-1 0.00 0.00 30,925.74 0.00 26,267,000.00 M-2 0.00 0.00 9,892.86 0.00 8,293,000.00 M-3 0.00 0.00 18,533.76 0.00 13,824,000.00 M-4 0.00 0.00 13,726.56 0.00 9,677,000.00 B1 0.00 0.00 20,793.69 0.00 12,442,000.00 B2 0.00 0.00 19,024.35 0.00 8,295,000.00 F 0.00 0.00 158,456.97 0.00 249,842,298.23 P 0.00 0.00 6,309.96 0.00 100.00 X 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,168,669.48 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 A-IO 0.00 3.50000% 1000.00000000 1.36111112 0.00000000 0.00000000 A 470,050,000.00 2.78750% 1000.00000000 1.08402778 0.00000000 0.00000000 M-1 26,267,000.00 3.02750% 1000.00000000 1.17736095 0.00000000 0.00000000 M-2 8,293,000.00 3.06750% 1000.00000000 1.19291692 0.00000000 0.00000000 M-3 13,824,000.00 3.44750% 1000.00000000 1.34069444 0.00000000 0.00000000 M-4 9,677,000.00 3.64750% 1000.00000000 1.41847267 0.00000000 0.00000000 B1 12,442,000.00 4.29750% 1000.00000000 1.67124980 0.00000000 0.00000000 B2 8,295,000.00 5.89750% 1000.00000000 2.29347197 0.00000000 0.00000000 F 0.00 1.60250% 1000.00000000 0.62319444 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.

~~December~~Interest 14Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-IO 0.00000000 0.00000000 1.36111112 0.00000000 949.49296854 A 0.00000000 0.00000000 1.08402778 0.00000000 964.28852950 M-1 0.00000000 0.00000000 1.17736095 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 1.19291692 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 1.34069444 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 1.41847267 0.00000000 1000.00000000 B1 0.00000000 0.00000000 1.67124980 0.00000000 1000.00000000 B2 0.00000000 0.00000000 2.29347197 0.00000000 1000.00000000 F 0.00000000 0.00000000 0.62319444 0.00000000 982.60323809 P 0.00000000 0.00000000 63099.60000000 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, ~~2004~~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 17,994,607.40 ~~LLC~~ Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 281,224.41 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 6,309.96 Total Deposits 18,282,141.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 327,295.58 Payment of Interest and Principal 17,954,846.19 Total Withdrawals (Pool Distribution Amount) 18,282,141.77 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 259 0 0 0 259 32,924,563.06 ~~including~~0.00 ~~area~~0.00 ~~code: (305)~~0.00 ~~341~~32,924,563.06 60 Days 38 0 0 0 38 2,419,785.07 0.00 0.00 0.00 2,419,785.07 90 Days 2 0 1 0 3 261,573.94 0.00 22,333.34 0.00 283,907.28 120 Days 1 0 0 0 1 70,587.18 0.00 0.00 0.00 70,587.18 150 Days 1 0 0 0 1 35,330.66 0.00 0.00 0.00 35,330.66 180+ Days 8 0 0 0 8 554,237.29 0.00 0.00 0.00 554,237.29 Totals 309 0 1 0 310 36,266,077.20 0.00 22,333.34 0.00 36,288,410.54 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 5.100433% 0.000000% 0.000000% 0.000000% 5.100433% 6.107813% 0.000000% 0.000000% 0.000000% 6.107813% 60 Days 0.748326% 0.000000% 0.000000% 0.000000% 0.748326% 0.448893% 0.000000% 0.000000% 0.000000% 0.448893% 90 Days 0.039386% 0.000000% 0.019693% 0.000000% 0.059078% 0.048524% 0.000000% 0.004143% 0.000000% 0.052667% 120 Days 0.019693% 0.000000% 0.000000% 0.000000% 0.019693% 0.013095% 0.000000% 0.000000% 0.000000% 0.013095% 150 Days 0.019693% 0.000000% 0.000000% 0.000000% 0.019693% 0.006554% 0.000000% 0.000000% 0.000000% 0.006554% 180+ Days 0.157542% 0.000000% 0.000000% 0.000000% 0.157542% 0.102816% 0.000000% 0.000000% 0.000000% 0.102816% Totals 6.085073% 0.000000% 0.019693% 0.000000% 6.104766% 6.727695% 0.000000% 0.004143% 0.000000% 6.731838%

~~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 168 0 0 0 168 10,696,996.66 0.00 0.00 0.00 10,696,996.66 60 Days 31 0 0 0 31 1,867,766.69 0.00 0.00 0.00 1,867,766.69 90 Days 2 0 1 0 3 261,573.94 0.00 22,333.34 0.00 283,907.28 120 Days 1 0 0 0 1 70,587.18 0.00 0.00 0.00 70,587.18 150 Days 1 0 0 0 1 35,330.66 0.00 0.00 0.00 35,330.66 180 Days 8 0 0 0 8 554,237.29 0.00 0.00 0.00 554,237.29 Totals 211 0 1 0 212 13,486,492.42 0.00 22,333.34 0.00 13,508,825.76 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.004468% 0.000000% 0.000000% 0.000000% 5.004468% 4.273622% 0.000000% 0.000000% 0.000000% 4.273622% 60 Days 0.923444% 0.000000% 0.000000% 0.000000% 0.923444% 0.746203% 0.000000% 0.000000% 0.000000% 0.746203% 90 Days 0.059577% 0.000000% 0.029789% 0.000000% 0.089366% 0.104503% 0.000000% 0.008923% 0.000000% 0.113426% 120 Days 0.029789% 0.000000% 0.000000% 0.000000% 0.029789% 0.028201% 0.000000% 0.000000% 0.000000% 0.028201% 150 Days 0.029789% 0.000000% 0.000000% 0.000000% 0.029789% 0.014115% 0.000000% 0.000000% 0.000000% 0.014115% 180 Days 0.238308% 0.000000% 0.000000% 0.000000% 0.238308% 0.221427% 0.000000% 0.000000% 0.000000% 0.221427% Totals 6.285374% 0.000000% 0.029789% 0.000000% 6.315162% 5.388071% 0.000000% 0.008923% 0.000000% 5.396993% 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 91 0 0 0 91 22,227,566.40 0.00 0.00 0.00 22,227,566.40 60 Days 7 0 0 0 7 552,018.38 0.00 0.00 0.00 552,018.38 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 98 0 0 0 98 22,779,584.78 0.00 0.00 0.00 22,779,584.78 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.287623% 0.000000% 0.000000% 0.000000% 5.287623% 7.697759% 0.000000% 0.000000% 0.000000% 7.697759% 60 Days 0.406740% 0.000000% 0.000000% 0.000000% 0.406740% 0.191173% 0.000000% 0.000000% 0.000000% 0.191173% 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 5.694364% 0.000000% 0.000000% 0.000000% 5.694364% 7.888932% 0.000000% 0.000000% 0.000000% 7.888932%

~~(Former~~OTHER ~~Name~~INFORMATION orCurrent ~~Former~~Period ~~Address~~Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 281,224.41 ifClass ~~Changed~~R ~~Since~~78,798,100.00 ~~Last~~14.24629365% ~~Report)~~78,798,100.00 14.64006933% 0.000000% 0.000000% Class F 78,798,100.00 14.24629365% 78,798,100.00 14.64006933% 0.000000% 0.000000% Class M-1 52,531,100.00 9.49735433% 52,531,100.00 9.75986662% 4.880203% 0.000000% Class M-2 44,238,100.00 7.99802232% 44,238,100.00 8.21909222% 1.540774% 0.000000% Class M-3 30,414,100.00 5.49871380% 30,414,100.00 5.65070138% 2.568391% 0.000000% Class M-4 20,737,100.00 3.74916167% 20,737,100.00 3.85279063% 1.797911% 0.000000% Class B-1 8,295,100.00 1.49971167% 8,295,100.00 1.54116456% 2.311626% 0.000000% Class B-2 100.00 0.00001808% 100.00 0.00001858% 1.541146% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000019% 0.000000% Class X 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

~~Check~~COLLATERAL ~~the~~STATEMENT ~~appropriate~~Collateral ~~box~~Description ~~below~~Mixed ifFixed ~~the~~& ~~Form~~Arm 8Weighted Average Gross Coupon 7.373273% Weighted Average Net Coupon 6.686340% Weighted Average Pass-KThrough ~~filing~~Rate is6.663840% ~~intended~~Weighted toAverage ~~simultaneously~~Maturity(Stepdown ~~satisfy~~Calculation ~~the~~) ~~filing~~279 ~~obligation~~Beginning ofScheduled ~~the~~Collateral ~~registrant~~Loan ~~under~~Count ~~any~~5,161 ofNumber ~~the~~Of ~~following~~Loans ~~provisions:~~Paid In Full 83 Ending Scheduled Collateral Loan Count 5,078 Beginning Scheduled Collateral Balance 553,112,984.75 Ending Scheduled Collateral Balance 538,235,839.19 Ending Actual Collateral Balance at 30-Nov-2004 539,056,535.47 Monthly P &I Constant 4,398,752.68 Special Servicing Fee 0.00 Prepayment Penalties 6,309.96 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,000,208.47 Unscheduled Principal 13,876,937.09

~~[ ]~~Other ~~Written~~Income ~~communications~~1,145.73 ~~pursuant~~Non toSupp ~~Rule~~Compensating ~~425~~Interest ~~under the Securities Act~~ (~~17 CFR 230~~1,003.~~425~~44)

~~[ ]~~Miscellaneous ~~Soliciting~~Reporting ~~material~~Base ~~pursuant~~Overcollateralization toAmount ~~Rule~~2,765,564.92 ~~14a-12~~Excess ~~under~~Cash ~~the~~Amount ~~Exchange~~1,909,031.41 ~~Act~~Extra ~~(17~~Principal ~~CFR~~Distribution ~~240~~Amount 1,909,031.~~14a-12)~~41 Overcollateralized Amount 6,173,915.90 Overcollaterized Deficiency Amount 6,797,274.95 Specified Overcollateralization Amount 11,062,259.70

~~[ ]~~Group ~~Pre-commencement~~Level ~~communications~~Collateral ~~pursuant~~Statement toGroup ~~Rule~~Group ~~14d-~~1 Group 2~~(b)~~ ~~under~~Total ~~the~~Collateral ~~Exchange~~Description ~~Act~~Fixed ~~(17~~15/30 ~~CFR~~& ~~240~~ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~14d-~~054252 6.793882 7.373273 Weighted Average Net Rate 7.520003 5.977041 6.686340 Weighted Average Maturity 249 306 279 Beginning Loan Count 3,404 1,757 5,161 Loans Paid In Full 47 36 83 Ending Loan Count 3,357 1,721 5,078 Beginning Scheduled Balance 254,265,698.04 298,847,286.71 553,112,984.75 Ending scheduled Balance 249,842,298.23 288,393,540.96 538,235,839.19 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 2~~(b))~~,352,899.45 2,045,853.23 4,398,752.68 Scheduled Principal 646,299.54 353,908.93 1,000,208.47 Unscheduled Principal 3,777,100.27 10,099,836.82 13,876,937.09 Scheduled Interest 1,706,599.91 1,691,944.30 3,398,544.21 Servicing Fees 113,200.88 203,425.53 316,626.41 Master Servicing Fees 3,178.32 3,735.59 6,913.91 Trustee Fee 1,059.44 1,245.20 2,304.64 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 529.72 622.60 1,152.32 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 1,588,631.55 1,482,915.38 3,071,546.93 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 7.497503 5.954541 6.663840

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.(1)

The Registrant registered issuances of Mortgage Pass-Through Certificates, on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Act”), by a Registration Statement on Form S-3 (Registration File No. 333-104181) (the “Registration Statement”). Pursuant to the Registration Statement, the Registrant issued $548,484,000 in aggregate principal amount of Class A-IO, Class A, Class M-1, Class M-2, Class M-3, Class M-4, Class B-1 and Class B-2 Bayview Financial Mortgage Pass-Through Certificates, Series 2004-D on December 14, 2004. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated August 6, 2004, as supplemented by the Prospectus Supplement dated November 19, 2004 (collectively, the “Prospectus”), to file a copy of the Pooling and Servicing Agreement (as defined below) and other operative agreements executed in connection with the issuance of the Certificates, a form of which was filed as an exhibit to the Registration Statement.

The Certificates were issued pursuant to a Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), attached hereto as Exhibit 4.1, dated as of November 1, 2004 among Bayview Financial Securities Company, LLC, as depositor, Wachovia Bank, National Association, as trustee, and Wells Fargo Bank, N.A., as master servicer. The “Certificates” consist of the following classes: Class A-IO, Class A, Class M-1, Class M-2, Class M-3, Class M-4, Class B-1 and Class B-2, Class F, Class X, Class P and Class R.

The Certificates evidence all of the beneficial ownership interest in a trust fund (the “Trust Fund”), the assets of which consist primarily of a pool of certain first lien, fixed and adjustable rate, fully amortizing and balloon loans secured by single-family residential, multifamily, commercial and mixed use properties (the “Mortgage Loans”) with an aggregate outstanding principal balance of approximately $553,169,223 as of November 1, 2004, together with certain other assets. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Pooling and Servicing Agreement.

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

Item 9.01. Financial Statements and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

4.1

Pooling and Servicing Agreement, dated as of November 1, 2004, among Bayview Financial Securities Company, LLC, as Depositor, Wachovia Bank, National Association, as Trustee, and Wells Fargo Bank, N.A., as Master Servicer.

99.1

Servicing Agreement, dated as of November 1, 2004, 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: December 27, 2004

EXHIBIT INDEX

Exhibit No.

Description

4.1

99.1

Servicing Agreement, dated as of November 1, 2004, between M&T Mortgage Corporation, as Servicer and Wachovia Bank, National Association, as Trustee.

Exhibit 4.1

Exhibit 99.1

Filing Compare · Bayview Financial Securties Company, LLC Mortgage Pass-Through Certificates, Series2004-D