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<PAGE>
==============================================================================
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 15, 1999
BAY VIEW SECURITIZATION CORPORATION
-----------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
<TABLE>
<S> <C> <C>
Delaware 333-16233 93-1225376
------------------------------ ------------------- ----------------------------------
State or other jurisdiction of (Commission File No.) (I.R.S. Employer Identification No.)
incorporation or organization
</TABLE>
c/o Bay View Bank
1840 Gateway Drive
San Mateo, California 94404
-------------------------------------- --------
Address of principal executive offices Zip Code
Registrant's telephone number, including area code: (650) 573-7310
2121 So. El Camino Real, San Mateo, California 94403, (415) 573-7310
--------------------------------------------------------------------------
(Former name, former address, and former fiscal year, if changed since last
report)
<PAGE>
Item 7. Financial Statements, Pro forma Financial Information and Exhibits
Exhibit 99.1 Monthly Servicer's Report dated October 31, 1999
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on behalf of Bay View
Securitization Corporation by the undersigned thereunto duly authorized.
BAY VIEW 1997 RA-1 AUTO TRUST
BY: BAY VIEW SECURITIZATION CORPORATION
ORIGINATOR OF TRUST
Dated: December 9, 1999 By: /s/ David A. Heaberlin
----------------------
David A. Heaberlin
Treasurer and Chief Financial Officer
Page 2
<PAGE>
EXHIBIT 99.1
Bay View Securitization Corporation
For Remittance Date: October 31, 1999
<TABLE>
<CAPTION>
A. PRINCIPAL BALANCE RECONCILIATION
Number of
A-1 A-2 Total Accounts
-----------------------------------------------------------------------
<S> <C> <C> <C> <C>
(A) Original Principal Balance 200,979,000.00 52,245,989.00 253,224,989.00 21106
-----------------------------------------------------------------------
(B) Beginning Period Principal Balance 0.00 43,572,955.44 43,572,955.44 5398
-----------------------------------------------------------------------
(C) Collections (Regular Payments) 0.00 1,478,951.72 1,478,951.72 N/A
-----------------------------------------------------------------------
(D) Collections (Principal Payoffs) 0.00 958,928.40 958,928.40 224
-----------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
-----------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 0.00 23,935.74 23,935.74 N/A
-----------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
-----------------------------------------------------------------------
(H) Gross Charge Offs 0.00 35,702.98 35,702.98 8
-----------------------------------------------------------------------
(I) Repurchases 0.00 26,130.28 26,130.28 25
-----------------------------------------------------------------------
(J) Ending Balance 0.00 41,049,306.32 41,049,306.32 5141
-----------------------------------------------------------------------
Notional Principal Balance:
---------------
(K) Beginning 3,477,114.81
---------------
(L) Ending 2,796,733.30
---------------
---------------------------------------------------------
(M) Certificate Factor 0.0000000% 78.5692971% 16.2106064%
---------------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
---------------
(A) Cash Wired 2,973,259.56
---------------
(B) Interest Wired/Earned 12,597.17
---------------
(C) Withdrawal from Payahead Account 23,935.74
---------------
(D) Advances 0.00
---------------
(E) Repurchases 26,130.28
---------------
(F) Gross Charge-Off Recoveries 25,207.31
---------------
(G) Gross Charge-Off Advances 1534.34
---------------
(H) Spread Account Withdrawal 0.00
---------------
(I) "A" Surety Bond Draw for "I" Interest 0.00
---------------
(J) "A" Surety Bond Draw for "A-1" Principal or Interest 0.00
---------------
(K) "A" Surety Bond Draw for "A-2" Principal or Interest 0.00
---------------
TOTAL COLLECTIONS 3,062,664.40
---------------
C. TRUSTEE DISTRIBUTION
Total
---------------
(A) Total Cash Flow 3,062,664.40
---------------
(B) Unrecovered Interest Advances 1514.78
---------------
(C) Servicing Fee (Due and Unpaid) 36,310.80
---------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
---------------
(E) Interest to "A-2" Certificate Holders, including Overdue 239,288.15
---------------
(F) Interest to "I" Certificate Holders, including Overdue 9,127.43
---------------
(G) Principal to "A-1" Certificate Holders, including Overdue 0.00
---------------
(H) Principal to "A-2" Certificate Holders, including Overdue 2,523,649.12
---------------
(I) Reinsurance Fee 0.00
---------------
(J) Surety Bond Fee 5,446.62
---------------------------------
(K) First Loss Protection 0.00
---------------
(L) Surety Bond Premium 5,446.62
---------------------------------
(M) Interest Advance Recovery Payments 6,815.17
---------------
(N) Unreimbursed Draws on Class "A" Surety Bond for Class "A-1" Interest 0.00
---------------
(O) Unreimbursed Draws on Class "A" Surety Bond for Class "A-2" Interest 0.00
---------------
(P) Unreimbursed Draws on Class "A" Surety Bond for Class "I" Interest 0.00
---------------
(Q) Deposit to Payahead 0.00
---------------
</TABLE>
Page 3
<PAGE>
Bay View Securitization Corporation
For Remittance Date: October 31, 1999
<TABLE>
<S> <C> <C> <C> <C>
-----------------
(R) Bank Account Interest to Servicer 12,597.17
-----------------
(S) Excess Yield 227,915.16
-----------------
-----------------
BALANCE 0.00
-----------------
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
-------------------------------------
(A) Beginning Balance 3,316,792.21 40,712,436.13
-------------------------------------
(B) Additions to Spread Amount 227,915.16 N/A
-------------------------------------
(C) Interest Earned 14,192.71
-------------------------------------
(D) Draws 0.00 0.00
-------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
-------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 151,479.85 0.00
-------------------------------------
(G) Ending Balance 3,407,420.24 38,168,720.32
-------------------------------------
(H) Required Balance 3,165,312.36 38,168,720.32
-------------------------------------
(I) Distribution to "IC" Class 242,107.88
-------------------------------------
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
-------------------- -----------------------------------
(A) 31-60 34 253,118.46
-----------------------------------
(B) 61-90 14 105,075.56
-----------------------------------
(C) 91+ 6 83,891.93
-----------------------------------
(D) Total 54 442,085.95
-----------------------------------
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- -------------------------------------------------------
(A) Current 227,915.16 41,049,306.32 6.6627%
-------------------------------------------------------
(B) 1st Previous 137,409.27 43,572,955.44 3.7843%
-------------------------------------------------------
(C) 2nd Previous 350,355.04 46,455,455.36 9.0501%
-------------------------------------------------------
(D) 3rd Previous 145,948.49 49,663,174.10 3.5265%
-------------------------------------------------------
(E) 4th Previous 223,814.48 52,935,062.57 5.0737%
-------------------------------------------------------
(F) 5th Previous 98,926.91 56,389,588.22 2.1052%
-------------------------------------------------------
(G) Six-Month Rolling Excess Yield (*=1.75%) 197,394.90 48,344,257.00 4.8997%
-------------------------------------------------------
G. DELINQUENCY RATE (31+)
Month Pool
Balance Balance %
------------------------------------------------------
(A) Current 442,085.95 41,049,306.32 1.0770%
------------------------------------------------------
(B) 1st Previous 360,629.12 43,572,955.44 0.8276%
------------------------------------------------------
(C) 2nd Previous 412,295.83 46,455,455.36 0.8875%
------------------------------------------------------
(D) Three-Month Rolling Average (**2%) 405,003.63 43,692,572.37 0.9269%
------------------------------------------------------
H. NET LOSS RATE
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- -----------------------------------------------------------------------
(A) Current 52,529.59 42,033.92 42,311,130.88 0.2977%
-----------------------------------------------------------------------
(B) 1st Previous 173,868.05 80,813.06 45,014,205.40 2.4807%
-----------------------------------------------------------------------
(C) 2nd Previous 88,640.95 88,733.32 48,059,314.73 -0.0023%
-----------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate **3% 105,012.86 70,526.77 45,128,217.00 0.9170%
-----------------------------------------------------------------------
</TABLE>
* = Greater than
** = Less than
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: October 31, 1999
<TABLE>
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
-----------------------------------------
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 8 35,702.98
-----------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 1039 7,470,201.87
-----------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 25,207.31
-----------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 1,062,192.04
-----------------------------------------
J. REPOSSESSIONS
-----------------------------------------
(A) Collection Period Repossessions 6 50,889.40
-----------------------------------------
(B) Aggregate Repossessions 651 7,583,855.46
-----------------------------------------
(C) Unliquidated Repossessions 7 57,781.06
-----------------------------------------
K. FORCED PLACE INSURANCE
-----------------------------------------
(A) FPI Charge-Offs 0 0.00
-----------------------------------------
(B) FPI Canceled/Waived/Removed/ Reversed 0 0.00
-----------------------------------------
L. PAYAHEAD RECONCILIATION
----------------------
(A) Beginning Balance 177,412.01
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 23,935.74
----------------------
(D) Ending Balance 153,476.27
----------------------
</TABLE>
Approved By: /s/ Michael LaOrange
--------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
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