8-K 1 bay0300d.txt AUGUST 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): August 28, 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 August 28, 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 August 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-D Trust By: Wells Fargo Bamk Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/5/03 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 August 28, 2003 distribution.

~~_________________________________________________~~Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/28/03 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% 0.00 196,759.38 0.00 AIO 073249BE3 SEN 4.00000% 0.00 360,888.89 0.00 A 073249BD5 SEN 1.55000% 375,233,000.00 468,520.09 16,426,429.84 M1 073249BH6 MEZ 1.95000% 22,134,000.00 34,768.82 0.00 M2 073249BJ2 MEZ 2.70000% 4,216,000.00 9,169.80 0.00 M3 073249BK9 MEZ 3.25000% 7,378,000.00 19,316.01 0.00 M4 073249BL7 MEZ 3.90000% 3,162,000.00 9,933.95 0.00 B 073240BF0 JUN 5.35000% 8,432,000.00 36,339.58 0.00 F 073249BP8 SEN 1.90000% 0.00 413,367.51 0.00 P 073249BR4 SEN 0.00000% 100.00 0.00 0.00 X 073249BQ6 SEN 0.00000% 0.00 261,987.48 0.00 R 073249BM5 SEN 0.00000% 0.00 0.00 0.00 Totals 420,555,100.00 1,811,051.51 16,426,429.84

~~UNITED~~Certificateholder ~~STATES~~Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses IO 0.00 0.00 196,759.38 0.00 AIO 0.00 0.00 360,888.89 0.00 A 0.00 358,806,570.16 16,894,949.93 0.00 M1 0.00 22,134,000.00 34,768.82 0.00 M2 0.00 4,216,000.00 9,169.80 0.00 M3 0.00 7,378,000.00 19,316.01 0.00 M4 0.00 3,162,000.00 9,933.95 0.00 B 0.00 8,432,000.00 36,339.58 0.00 F 0.00 0.00 413,367.51 0.00 P 0.00 100.00 0.00 0.00 X 0.00 0.00 261,987.48 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 404,128,670.16 18,237,481.35 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~SECURITIES~~Principal ~~AND~~Distribution ~~EXCHANGE~~Statement ~~COMMISSION~~Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) IO 0.00 0.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 A 375,233,000.00 375,233,000.00 1,005,791.76 15,420,638.08 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 420,555,100.00 420,555,100.00 1,005,791.76 15,420,638.08 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~Washington~~Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution IO 0.00 0.00 0.00000000 0.00 AIO 0.00 0.00 0.00000000 0.00 A 16,426,429.84 D358,806,570.C16 0. ~~20549~~95622339 16,426,429.84 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 16,426,429.84 404,128,670.16 0.96094108 16,426,429.84

~~FORM~~Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A 375,233,000.00 1000.00000000 2.68044591 41.09616713 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-K,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.

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A 0.00000000 43.77661304 956.22338696 0.95622339 43.77661304 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, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~PURSUANT~~Interest TODistribution ~~SECTION~~Statement 13Beginning ORPayment ~~15(d)~~of OFOriginal ~~THE~~Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall IO 0.00 0.60000% 421,627,245.32 196,759.38 0.00 0.00 AIO 0.00 4.00000% 116,000,000.00 360,888.89 0.00 0.00 A 375,233,000.00 1.55000% 375,233,000.00 468,520.09 0.00 0.00 M1 22,134,000.00 1.95000% 22,134,000.00 34,768.82 0.00 0.00 M2 4,216,000.00 2.70000% 4,216,000.00 9,169.80 0.00 0.00 M3 7,378,000.00 3.25000% 7,378,000.00 19,316.01 0.00 0.00 M4 3,162,000.00 3.90000% 3,162,000.00 9,933.95 0.00 0.00 B 8,432,000.00 5.35000% 8,432,000.00 36,339.58 0.00 0.00 F 0.00 1.90000% 270,076,778.17 413,367.51 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 1,549,064.03 0.00 0.00

~~SECURITIES~~Interest ~~EXCHANGE~~Distribution ~~ACT~~Statement OF(continued) ~~1934~~Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance IO 0.00 0.00 196,759.38 0.00 405,200,815.48 AIO 0.00 0.00 360,888.89 0.00 116,000,000.00 A 0.00 0.00 468,520.09 0.00 358,806,570.16 M1 0.00 0.00 34,768.82 0.00 22,134,000.00 M2 0.00 0.00 9,169.80 0.00 4,216,000.00 M3 0.00 0.00 19,316.01 0.00 7,378,000.00 M4 0.00 0.00 9,933.95 0.00 3,162,000.00 B 0.00 0.00 36,339.58 0.00 8,432,000.00 F 0.00 0.00 413,367.51 0.00 258,531,887.10 P 0.00 0.00 0.00 0.00 100.00 X 0.00 0.00 261,987.48 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,811,051.51 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~Date~~Interest Distribution Factors Statement Beginning Payment of ~~Report~~Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (~~Date~~5) ofAmount ~~earliest~~Rate ~~event~~Balance ~~reported~~Interest Shortfall Shortfall IO 0.00 0.60000% 1000.03851968 0.46668464 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 3.11111112 0.00000000 0.00000000 A 375,233,000.00 1.55000% 1000.00000000 1.24861110 0.00000000 0.00000000 M1 22,134,000.00 1.95000% 1000.00000000 1.57083311 0.00000000 0.00000000 M2 4,216,000.00 2.70000% 1000.00000000 2.17500000 0.00000000 0.00000000 M3 7,378,000.00 3.25000% 1000.00000000 2.61805503 0.00000000 0.00000000 M4 3,162,000.00 3.90000% 1000.00000000 3.14166667 0.00000000 0.00000000 B 8,432,000.00 5.35000% 1000.00000000 4.30972249 0.00000000 0.00000000 F 0.00 1.90000% 1000.00000000 1.53055554 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.

~~July~~Interest 30Distribution 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 0.46668464 0.00000000 961.07741656 AIO 0.00000000 0.00000000 3.11111112 0.00000000 1000.00000000 A 0.00000000 0.00000000 1.24861110 0.00000000 956.22338696 M1 0.00000000 0.00000000 1.57083311 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.17500000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.61805503 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.14166667 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.30972249 0.00000000 1000.00000000 F 0.00000000 0.00000000 1.53055554 0.00000000 957.25329979 P 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~2003~~Bankrupcy,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 18,429,578.02 ~~LLC~~ Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 70,673.69 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,500,251.71 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 262,770.36 Payment of Interest and Principal 18,237,481.35 Total Withdrawals (Pool Distribution Amount) 18,500,251.71 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~~OTHER ~~Ponce~~ACCOUNTS deBeginning ~~Leon~~Current ~~Boulevard,~~Current ~~4th~~Ending ~~Floor~~Account ~~Coral~~Type ~~Gables,~~Balance ~~Florida~~Withdrawals ~~33146~~Deposits ~~(Zip~~Balance ~~Code)~~Reserve ~~(Address~~Fund of1,000.00 ~~Principal~~0.00 ~~Executive~~0.00 ~~Offices)~~1,000.00

~~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 13 0 0 13 1,328,814.37 ~~including~~0.00 ~~area~~0.00 ~~code: (305)~~1,328,814.37 ~~341~~30 Days 88 4 0 0 92 7,968,524.30 298,962.52 0.00 0.00 8,267,486.82 60 Days 5 0 0 0 5 493,065.06 0.00 0.00 0.00 493,065.06 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 93 17 0 0 110 8,461,589.36 1,627,776.89 0.00 0.00 10,089,366.25 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 0.337838% 0.000000% 0.000000% 0.337838% 0.327314% 0.000000% 0.000000% 0.327314% 30 Days 2.286902% 0.103950% 0.000000% 0.000000% 2.390852% 1.962807% 0.073640% 0.000000% 0.000000% 2.036447% 60 Days 0.129938% 0.000000% 0.000000% 0.000000% 0.129938% 0.121452% 0.000000% 0.000000% 0.000000% 0.121452% 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 2.416840% 0.441788% 0.000000% 0.000000% 2.858628% 2.084259% 0.400954% 0.000000% 0.000000% 2.485213%

Delinquency Status By Groups

~~None~~ 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 5 0 0 5 435,594.83 0.00 0.00 435,594.83 30 Days 68 3 0 0 71 4,944,704.90 236,543.22 0.00 0.00 5,181,248.12 60 Days 2 0 0 0 2 114,634.66 0.00 0.00 0.00 114,634.66 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 70 8 0 0 78 5,059,339.56 672,138.05 0.00 0.00 5,731,477.61 0-29 Days 0.205423% 0.000000% 0.000000% 0.205423% 0.202339% 0.000000% 0.000000% 0.202339% 30 Days 2.793755% 0.123254% 0.000000% 0.000000% 2.917009% 2.296869% 0.109877% 0.000000% 0.000000% 2.406746% 60 Days 0.082169% 0.000000% 0.000000% 0.000000% 0.082169% 0.053249% 0.000000% 0.000000% 0.000000% 0.053249% 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 2.875924% 0.328677% 0.000000% 0.000000% 3.204601% 2.350118% 0.312215% 0.000000% 0.000000% 2.662333% 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 8 0 0 8 893,219.54 0.00 0.00 893,219.54 30 Days 20 1 0 0 21 3,023,819.40 62,419.30 0.00 0.00 3,086,238.70 60 Days 3 0 0 0 3 378,430.40 0.00 0.00 0.00 378,430.40 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 23 9 0 0 32 3,402,249.80 955,638.84 0.00 0.00 4,357,888.64 0-29 Days 0.614912% 0.000000% 0.000000% 0.614912% 0.607552% 0.000000% 0.000000% 0.607552% 30 Days 1.537279% 0.076864% 0.000000% 0.000000% 1.614143% 2.056748% 0.042456% 0.000000% 0.000000% 2.099204% 60 Days 0.230592% 0.000000% 0.000000% 0.000000% 0.230592% 0.257402% 0.000000% 0.000000% 0.000000% 0.257402% 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 1.767871% 0.691776% 0.000000% 0.000000% 2.459646% 2.314149% 0.650008% 0.000000% 0.000000% 2.964157%

~~(Former~~OTHER ~~Name~~INFORMATION orCurrent ~~Former~~Period ~~Address~~Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 70,673.69 ifClass ~~Changed~~IO ~~Since~~45,322,100.00 ~~Last~~10.74932651% ~~Report)~~45,322,100.00 11.18509595% 0.000000% 0.000000% Class M-1 23,188,100.00 5.49966701% 23,188,100.00 5.72261928% 5.462477% 0.000000% Class M-2 18,972,100.00 4.49973186% 18,972,100.00 4.68214754% 1.040472% 0.000000% Class M-3 11,594,100.00 2.74984536% 11,594,100.00 2.86132198% 1.820826% 0.000000% Class M-4 8,432,100.00 1.99989400% 8,432,100.00 2.08096817% 0.780354% 0.000000% Class B 100.00 0.00002372% 100.00 0.00002468% 2.080943% 0.000000% Class F 100.00 0.00002372% 100.00 0.00002468% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000025% 0.000000% Class X 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R 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

~~Item~~COLLATERAL 5STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7. ~~Other~~158544% ~~Events~~Weighted Average Net Coupon 6.620410% Weighted Average Pass-Through Rate 6.408168% Weighted Average Maturity(Stepdown Calculation ) 254 Beginning Scheduled Collateral Loan Count 3,937 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count 3,848 Beginning Scheduled Collateral Balance 421,627,345.32 Ending Scheduled Collateral Balance 405,200,815.48 Ending Actual Collateral Balance at 31-Jul-2003 405,975,958.93 Monthly P &I Constant 3,520,989.44 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 405,200,815.48 Scheduled Principal 1,005,791.76 Unscheduled Principal 15,420,638.08 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 261,987.48 Overcollateralized reduction Amount 0.00 Specified O/C Amount 12,648,817.36 Overcollateralized Amount 1,072,145.32 Overcollateralized Deficiency Amount 11,576,572.04 Base Overcollateralized Amount 2,108,136.23 Extra principal distribution Amount 0.00 Excess Cash Amount 261,987.48

~~The~~Cap ~~Registrant~~Amount ~~registered~~0.00 ~~issuances~~Floor ofAmount ~~Mortgage Pass-Through Certificates, on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended~~ (~~the “Act”)~~444, ~~by a Registration Statement on Form S-3 (Registration File No~~504. ~~333-104181~~89) ~~(the~~Other ~~“Registration~~Income ~~Statement”). Pursuant to the Registration Statement, the Registrant issued $420,555,000 in aggregate principal amount of Class IO, Class A-IO, Class A, Class M-1, Class M-2, Class M-3, Class M-~~4 ~~and Class B~~, ~~Bayview Financial Mortgage Pass-Through Certificates, Series 2003-D on July 30, 2003~~007. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated July 25, 2003, as supplemented by the Prospectus Supplement dated July 25, 2003 (the “Prospectus Supplement”), 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.55

~~The~~Group ~~Certificates~~Level ~~were~~Collateral ~~issued~~Statement ~~pursuant~~Group toGroup a1 ~~Pooling~~Group ~~and~~2 ~~Servicing~~Group ~~Agreement~~3 ~~(the~~Collateral ~~“Pooling~~Description ~~and~~Mixed ~~Servicing~~Fixed ~~Agreement”),~~Mixed ~~attached~~ARM ~~hereto~~Mixed asARM ~~Exhibit~~Weighted 4Average Coupon Rate 8.1,138755 ~~dated~~5.975068 as6.066688 ofWeighted ~~July~~Average 1Net Rate 7.595238 5.553538 5.501222 Weighted Average Maturity 240 348 248 Beginning Loan Count 2,494 ~~2003~~116 1,327 ~~among~~Loans ~~Bayview~~Paid ~~Financial~~In ~~Securities~~Full ~~Company~~60 3 26 Ending Loan Count 2,434 ~~LLC~~113 1,301 asBeginning ~~depositor~~Scheduled Balance 224,200,895.99 ~~Wachovia~~45,875,882.18 ~~Bank~~151,550,467.15 ~~National~~Ending ~~Association~~scheduled Balance 214,863,564.46 as43,668,322.64 ~~trustee~~146,668,928.38 ~~and~~Record ~~Wells~~Date ~~Fargo~~07/31/2003 ~~Bank~~07/31/2003 ~~Minnesota~~07/31/2003 Principal And Interest Constant 2,121,596.27 ~~National~~239,996.04 ~~Association~~1,159,397.13 asScheduled ~~master~~Principal ~~servicer~~600,999. ~~The~~40 ~~“Certificates”~~11,569.79 ~~consist~~393,222.57 ofUnscheduled ~~the~~Principal ~~following~~8,736,332.13 ~~classes: Class~~2,195,989.75 IO4,488,316.20 ~~Class~~Scheduled ~~A-IO~~Interest 1,520,596.87 ~~Class~~228,426.25 A766,174.56 ~~Class~~Servicing ~~M-1~~Fees 101,547.57 ~~Class~~16,115.05 M-71,413.98 Master Servicing Fees 2,802.34 ~~Class~~573.45 ~~M-3~~1,894.36 ~~Class~~Trustee M-Fee 934.12 191.14 631.37 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 39,358.27 4,088.51 ~~Class B~~22,341.69 ~~Class~~Pool FInsurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 467.14 95.57 315.80 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,375,020.03 ~~Class~~207,266.92 X669,261.63 ~~Class~~Realized PLoss ~~and~~Amount ~~Class~~0.00 R0.00 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 7.359578 5.421592 5.299317

~~The~~Group ~~Certificates~~Level ~~evidence~~Collateral ~~all~~Statement ofGroup ~~the~~Total ~~beneficial~~Collateral ~~ownership~~Description ~~interest~~Fixed in& aMixed ~~trust~~ARM ~~fund~~Weighted ~~(the~~Average ~~“Trust~~Coupon ~~Fund”),~~Rate ~~the~~7.158544 ~~assets~~Weighted ofAverage ~~which~~Net ~~consist~~Rate ~~primarily~~6.620410 ofWeighted aAverage ~~pool~~Maturity of254 ~~certain~~Beginning ~~first~~Loan ~~lien~~Count 3,937 ~~fixed~~Loans ~~and~~Paid ~~adjustable~~In ~~rate,~~Full ~~fully~~89 ~~amortizing~~Ending ~~and~~Loan ~~balloon~~Count ~~loans~~3,848 ~~secured~~Beginning ~~by single-family~~Scheduled ~~residential~~Balance 421,627,245.32 ~~multifamily~~Ending scheduled Balance 405,200,815.48 ~~commercial~~Record ~~and~~Date ~~mixed~~07/31/2003 ~~use~~Principal ~~properties~~And ~~(the~~Interest ~~“Mortgage~~Constant ~~Loans”)~~3,520,989.44 ~~with~~Scheduled anPrincipal ~~aggregate~~1,005,791.76 ~~outstanding~~Unscheduled ~~principal~~Principal ~~balance~~15,420,638.08 ofScheduled ~~approximately~~Interest ~~$421~~2,~~627~~515,~~245~~197.68 asServicing ofFees ~~July~~189,076.60 Master Servicing Fees 5,270.15 Trustee Fee 1,756.63 ~~2003~~FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 65,788.47 ~~together~~Pool ~~with~~Insurance ~~certain~~Fee ~~other~~0.00 ~~assets~~Spread Fee 1 0. ~~Capitalized~~00 ~~terms~~Spread ~~used~~Fee ~~herein~~2 ~~and~~878.51 ~~not~~Spread ~~otherwise~~Fee ~~defined~~3 ~~shall~~0.00 ~~have~~Net ~~the~~Interest ~~meanings~~2,251,548.58 ~~assigned~~Realized toLoss ~~them~~Amount in0.00 ~~the~~Cumulative ~~Pooling~~Realized ~~and~~Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing ~~Agreement~~Fee 0.00 Pass-Through Rate 6.408168

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

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

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

4.1

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

99.1

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

SIGNATURES

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

BAYVIEW FINANCIAL SECURITIES COMPANY, LLC

By: /s/ Stuart Waldman

Name: Stuart Waldman

Title: VP

Dated: July 30, 2003

EXHIBIT INDEX

Exhibit No.

Description

4.1

99.1

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

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