Exhibit 99.1

Bay View Securitization Corporation
Bay View 2002 LJ-1 Owner Trust
For Payment Date: January 25, 2005
For Collection Period: December 2004
For Determination Date: January 18, 2005


A. PRINCIPAL BALANCE RECONCILIATION	A-1	A-2	A-3	A-4	# LOANS	TOTAL	LOAN BALANCE

(A) Original Principal Balance	65,800,000.00	129,000,000.00	171,000,000.00	87,410,907.00	20,885	453,210,907.00	453,210,907.00
(B) Beginning Balance	0.00	0.00	42,548,236.70	87,410,907.00	8,953	129,959,143.70	129,959,143.70
(C) Collections (Regular Payments)	0.00	0.00	2,976,343.74	0.00	N/A	2,976,343.74	2,976,343.74
(D) Withdrawal from Payahead (Principal)	0.00	0.00	1,478.29	0.00	N/A	1,478.29	1,478.29
(E) Collections (Principal Payoffs)	0.00	0.00	2,979,412.40	0.00	280	2,979,412.40	2,979,412.40
(F) Gross Charge Offs (Prior Mo. End Bal)	0.00	0.00	373,174.84	0.00	23	373,174.84	373,174.84
(G) Principal Reductions (Other)(Partial chg-off)	0.00	0.00	13,129.27	0.00	N/A	13,129.27	13,129.27
(H) Repurchases	0.00	0.00	0.00	0.00	0	0.00	0.00

(I) Ending Balance	0.00	0.00	36,204,698.16	87,410,907.00	8,650	123,615,605.16	123,615,605.16

(J) Certificate Factor	0.000000%	0.000000%	21.172338%	100.000000%	41.417285%	27.275514%	27.275514%


Notional Principal Balance: Class I

(K) Beginning			40,186,179.00
(L) Reduction			6,343,538.54
(M) Ending			33,842,640.46


Notional Principal Balance: Companion Component

(N) Beginning		89,772,964.70
(O) Reduction		—
(P) Ending		89,772,964.70

B. CASH FLOW RECONCILIATION	TOTALS

(A) CASH WIRED-PRINCIPAL AND INTEREST COLLECTIONS		7,063,689.03
(B) INTEREST WIRED — COLLECTION ACCOUNT & PAYAHEAD ACCOUNT		14,574.33
(C) WITHDRAWAL FROM PAYAHEAD ACCOUNT		0.00
1) allocable to principal		1,478.29
2) allocable to interest		0.00
(D) ADVANCES		10,213.43
(E) REPURCHASES		0.00
(F) GROSS CHARGE OFF RECOVERIES		133,882.46
(G) SPREAD ACCOUNT WITHDRAWAL		0.00
(H) Policy Draw for “I” Interest		0.00
(I) Policy Draw for “A-1” Interest or Ultimate Principal		0.00
(J) Policy Draw for “A-2” Interest or Ultimate Principal		0.00
(K) Policy Draw for “A-3” Interest or Ultimate Principal		0.00
(L) Policy Draw for “A-4” Interest or Ultimate Principal		0.00

TOTAL COLLECTIONS		7,223,837.54

C. TRUSTEE DISTRIBUTION	TOTAL

(A) TOTAL CASH FLOW		7,223,837.54
(B) DEPOSIT TO PAYAHEAD		0.00
(C) Indenture Trustee Fee		0.00
(D) UNRECOVERED INTEREST ADVANCES		7,521.22
(E) SERVICING FEE (DUE AND UNPAID)		108,299.29
(F) Standby Servicing Fee (not to exceed $50,000)		3,000.00
(G) Owner Trustee Fee (not to exceed $25,000)		0.00
(H) INTEREST TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(I) INTEREST TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(J) INTEREST TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE		103,534.04
(K) INTEREST TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE		262,232.72
(L) Interest to “I” Certificate Holders, including Overdue		83,721.21
(M) PRINCIPAL TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(N) PRINCIPAL TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(O) PRINCIPAL TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE		6,343,538.54
(P) PRINCIPAL TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(Q) Policy Premium and Unreimbursed Draws		41,205.20
(R) Spread Account (up to the Requisite Amount)		0.00
(S) Additional Unpaid Standby Servicing Fee		0.00
(T) Additonal Unpaid Indenture Trustee Fee		0.00
(U) Additional Unpaid Owner Trustee Fee		0.00
(V) Interests Advance Recovery Payments		0.00
(W) EXCESS YIELD		270,785.32

BALANCE		0.00

D. SPREAD ACCOUNT	SPREAD
	ACCOUNT

(A) BEGINNING BALANCE		13,987,599.17
(B) ADDITIONS TO SPREAD AMOUNT		270,785.32
(C) INTEREST EARNED		22,388.45
(D) DRAWS		0.00
(E) REIMBURSEMENT FOR PRIOR DRAWS		N/A
(F) DISTRIBUTION OF FUNDS TO SERVICER		N/A
(G) PRIOR MONTH DISTRIBUTION OF FUNDS TO ISSUER		391,271.96
(H) ENDING BALANCE		13,889,500.98

(I) REQUIRED BALANCE		13,596,327.21
(J) CURRENT MONTH DISTRIBUTION OF FUNDS TO ISSUER		293,173.77

Bay View Securitization Corporation
Bay View 2002 LJ-1 Owner Trust
For Payment Date: January 25, 2005
For Collection Period: December 2004
For Determination Date: January 18, 2005


E. CURRENT RECEIVABLES DELINQUENCY
	NUMBER		BALANCE
# PAYMENT DELINQUENCY
(A) 31-60		81		1,135,487.89
(B) 61-90		14		157,128.26
(C) TOTAL		95		1,292,616.15

(D) 90+ days		17		204,569.55

F. REPOSSESSIONS

(A) COLLECTION PERIOD REPOSSESSIONS (CURRENT PERIOD END BAL)		15		217,624.10
(B) AGGREGATE REPOSSESSIONS		555		10,676,185.94
(C) UNLIQUIDATED REPOSSESSIONS		23		345,396.68

G. PAYAHEAD RECONCILIATION

(A) BEGINNING BALANCE				52,246.92
(B) DEPOSIT				0.00
(C) WITHDRAWAL				1,478.29
(D) ENDING BALANCE				50,768.63


PERFORMANCE TEST
H. DELINQUENCY RATIO (30+)
	DELINQUENT
	MONTH		POOL		DELINQUENCY
MONTH	BALANCE		BALANCE		%
(A) CURRENT		1,292,616.15		123,615,605.16		1.0457	%
(B) 1ST PREVIOUS		1,065,453.15		129,959,143.70		0.8198	%
(C) 2ND PREVIOUS		1,539,640.94		137,180,184.77		1.1223	%
(D) THREE MONTH ROLLING AVERAGE		1,299,236.75		130,251,644.54		0.9960	%

I. CUMULATIVE DEFAULT RATE

MONTH

ORIGINAL POOL

Default Rate %

BALANCE

(A) Defaulted Receivables (Current Period)

295,854.36

(B) Cumulative Defaulted Receivables (Prior Month)

13,438,815.70

13,734,670.06

453,210,907.00

3.03%


	MONTH		ORIGINAL POOL
J. CUMULATIVE NET LOSS RATE	BALANCE		BALANCE		Net Loss Rate %
(A) Collection Period Charge-Off receivables		386,304.11
(B) 50% of Purchase Receivables with scheduled payment delinquent more than 30 days		—
(C) Aggregate Cram Down Losses during period		—
(D) Less: Recoveries (current month)		133,882.46
(E) Prior Period Adjustment		—
(F) Net Losses current period		252,421.65
(G) Prior Period cumulative net losses		8,766,034.40
(H) Cumulative Net Losses (current period)		9,018,456.05		453,210,907.00		1.99	%

(I) Total Defaults		295,854.36
(J) 50% of defaulted Receivables ( not included in Collection Period Charge-Off Receivables)		147,927.18

(K) Cumulative net losses including 50% of defaults		9,166,383.23		453,210,907.00		2.02	%


K. EXTENSION RATE	MONTH BALANCE		POOL BALANCE		Extension Rate %
(A) Principal Balance of Receivables extended during current period (not to exceed 1% of Original Pool Balance)		446,905.37		123,615,605.16		0.36	%


L. LOCKBOX TEST	AMOUNT		NUMBER
(A) Total Payments to Lockbox (Current Month)		3,934,901.98		7,997
(B) Total Payments (Current Month)		7,197,571.49		8,914
(C) Lockbox Payment Percentage				89.71	%

M. FINANCIAL COVENANTS
(A) Monthly BVAC capital (at least $50MM)				50,000
(B) Monthly BVAC cash and working capital borrowing capacity (at least $5MM)				10,045
(C) Monthly BVAC net worth (at least $20MM)				62,768

N. WAC-Weighted Average Coupon				10.3602	%
O. WAM-Weighted Average Maturity				44.96

/s/ Angelica Velisano

APPROVED BY:

/s/ Lisa Staab

Prepared by: Angelica Velisano

Lisa Staab

Senior Accounting Analyst

VP, Controller

Bay View Securitization Corp

Bay View Acceptance Corp

BAY VIEW SECURITIZATION CORP 8-K