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Previous: INTERNATIONAL SPECIALTY PRODUCTS INC /NEW/, 10-K405, 2000-03-30 |
Next: METRO INFORMATION SERVICES INC, 10-K, 2000-03-30 |
<PAGE>
================================================================================
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_________________________
FORM 10-K
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 1999
OR
[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ____________________ to ____________________
Commission file number 333-16233
[CAPTION]
<TABLE>
BAY VIEW SECURITIZATION CORPORATION
(originator of the Bay View 1997-RA-1 and 1999-LG-1 Auto Trusts discussed herein)
(Exact name of registrant as specified in its charter)
<S> <C>
Delaware 93-1225376
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
c/o Bay View Capital Corporation
1840 Gateway Drive 94404
San Mateo, California (Zip Code)
(Address of principal executive offices)
</TABLE>
Registrant's telephone number, including area code: (650) 294-7714
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
requirements for the past 90 days. YES X NO
--- ---
DOCUMENTS INCORPORATED BY REFERENCE : None
1
<PAGE>
Part I
Terms not otherwise defined herein have the meanings set forth in the
Pooling and Servicing Agreement (the "PSA") relating the Bay View 1997-RA-1 and
1999-LG-1 Auto Trusts.
Item 1. Business
- ------------------
Bay View Securitization Corporation, or "BVSC", is a Delaware Corporation
formed for the sole purpose of issuing asset-backed securities through Trusts.
Two Trusts have been originated by BVSC: the Bay View 1997-RA-1 and 1999-LG-1
Auto Trusts, or the "Trusts". The only "business" of the Trusts is the
collection and distribution of payments on the motor vehicle receivables in the
manner described in the Registration Statement on Form S-3 (File No. 333-16233).
Accordingly, there is no relevant information to report in response to Item 101
of Regulation S-K.
Item 2. Properties
- --------------------
BVSC and the Trusts do not have any physical properties. Accordingly, this
item in inapplicable.
Item 3. Legal Proceedings
- ---------------------------
There were no material legal proceedings involving BVSC, the Trusts, or,
any Certificates involving the Trustee which were pending at December 31, 1999,
or as of the date of this report.
Item 4. Submission of Matters to a Vote of Security Holders
- -------------------------------------------------------------
No votes or consents of Certificate-holders were solicited during fiscal
year 1999 for any purpose.
Item 5. Market for the Registrant's Common Equity and Related Stockholder
- ---------------------------------------------------------------------------
Matters
- -------
There is no established public trading market for the Certificates.
As of December 31, 1999, there were 10 registered Certificate-holders of
the Bay View 1997-RA-1 Trust and 27 registered Certificate-holders of the Bay
View 1999-LG-1 Trust. Since the Trusts pay no dividends with respect to the
Certificates, the information required by Item 201 of Regulation S-K regarding
dividends is inapplicable to the Trusts. See Exhibit No. 99.1 for information
with respect to distributions to Certificate-holders.
Item 6. Selected Financial Data
- ----------------------------------
No financial data is required of BVSC, as Registrant, inasmuch as the
Registration Statement on Form S-3 (File No. 333-16233) was filed for and on
behalf of the Trusts and, furthermore, because BVSC is not a guarantor of any of
the payments due from the Trusts to Certificate-holders.
The regular monthly report forms, which the Trustee are required to include
with each monthly distribution of the Trusts' assets to Certificate-holders,
sets forth for the prior calendar month, as well as cumulatively, all of the
relevant financial information required by the PSA to be reported to
Certificate-holders.
The Trusts' Monthly Servicer's Certificate Reports, referred to as the
"Monthly Reports", for the months ended January 31, 1999 through December 31,
1999 are incorporated herein by reference and attached hereto as Exhibit No.
99.1.
2
<PAGE>
The foregoing presents all relevant financial information relating to the
Trusts. Because of the limited business activity of the Trusts, the Selected
Financial Data specified in Item 301 of Regulation S-K would not provide any
meaningful additional information.
Part II
Item 7. Management's Discussion and Analysis of Financial Condition and
- --------------------------------------------------------------------------
Results of Operations
- ---------------------
Because of the limited business activity of the Trusts, the presentation of
Management's Discussion and Analysis of Financial Condition and Results of
Operations, as otherwise required by Item 303 of Regulation S-K, would not be
meaningful. All relevant information is contained in the Monthly Reports (filed
under Current Reports on Form 8-K) as described above.
Item 7a. Quantitative and Qualitative Disclosures About Market Risk
- --------------------------------------------------------------------
Because of the limited business activity of the Trusts, the presentation of
Quantitative and Qualitative Disclosures About Market Risk, as required by Item
305 of Regulation S-K, would not be meaningful. All relevant information is
contained in the Monthly Reports (filed under Current Reports on Form 8-K) as
described above.
Item 8. Financial Statements and Supplementary Data
- -----------------------------------------------------
As discussed above, furnishing the financial information required by Item 8 of
Form 10-K would not add any relevant information to that provided by the
foregoing statements. Because the Certificates are essentially "pass-through"
securities, the Trusts will have "income" only in the limited sense of
collecting payments on the motor vehicle-related receivables. The only material
items of "expense" for the Trusts will be the amounts paid as servicing
compensation and potentially certain payments relating to any credit enhancement
facilities. The Monthly Reports contained in the Current Reports on Form 8-K
provide complete information on the amounts of the "income" and "expenses" of
the Trusts.
Item 9. Changes in and Disagreements with Accountants on Accounting and
- -------------------------------------------------------------------------
Financial Disclosure
- --------------------
None.
3
<PAGE>
Part III
Item 10. Directors and Executive Officers of the Registrant
- -------------------------------------------------------------
Not applicable.
Item 11. Executive Compensation
- ---------------------------------
Not applicable.
Item 12. Security Ownership of Certain Beneficial Owners and Management
- -------------------------------------------------------------------------
As of December 31, 1999, there were 10 registered Certificate-holders of the
Bay View 1997-RA-1 Trust and 27 registered Certificate-holders of the Bay View
1999-LG-1 Trust, all of whom maintained their security positions with the
Depository Trust Company. While some of these Certificate-holders' security
positions in the Trusts exceeded 5% of the outstanding Certificate Balance, such
securities do not constitute voting securities within the meaning of Item 403 of
Regulation S-K.
Item 13. Certain Relationships and Related Transactions
- ---------------------------------------------------------
BVSC received payments from the Trusts in accordance with the terms of the
PSA.
4
<PAGE>
Part IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
- --------------------------------------------------------------------------
(a)(1) and (2):
Incorporated herein and attached hereto as Exhibit No. 99.1 are copies of the
Monthly Reports to the Trusts for the year ended December 31, 1999. A copy of
the Independent Accountants' report is incorporated herein and attached hereto
as Exhibit No. 99.2.
Current Reports on Form 8-K including Monthly Reports for the months ended
September 30, 1999, October 31, 1999 and November 30, 1999 were filed in the
quarter ended December 31, 1999.
(a)(3) Exhibits:
<TABLE>
<CAPTION>
Reference to prior filing
Regulation S-K or exhibit number
Exhibit Number Document attached hereto
----------------------- ------------------------------------------ -------------------------
<C> <S> <C>
3.1 Certificate of Incorporation of Bay View *
Securitization Corporation
3.2 Bylaws of Bay View Securitization *
Corporation
4.1 Form of Pooling and Servicing Agreement **
for Grantor Trusts, including Forms of
Certificate
4.2 Form of Standard Terms and Conditions of **
Bay View Grantor Trusts
4.3 Form of Pooling and Servicing Agreement **
for Trusts other than Grantor Trusts,
including Forms of Certificate
10 Form of Purchase Agreement **
99.1 Monthly Servicer's Certificate Reports 99.1
99.2 Independent Accountants' Report 99.2
</TABLE>
* Filed as an exhibit to the Registrant's Registration Statement on Form S-3
filed with the Securities and Exchange Commission on November 16, 1996
(File No 333-16233).
** Filed as an exhibit to Pre-Effective Amendment No. 1 to The Registrant's
Registration Statement on Form S-3 filed with the Securities and Exchange
Commission on January 3, 1997 (File No. 333-16233).
5
<PAGE>
Signatures
Pursuant to the requirements of Section 13 or 15(d) 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.
BY: BAY VIEW SECURITIZATION CORPORATION
(ORIGINATOR OF THE TRUSTS)
BAY VIEW 1997 RA-1 AND 1999-LG-1 AUTO TRUSTS
Date: March 30, 1999 By: /s/ Scott H. Ray
-----------------------------------
Scott H. Ray
Executive Vice President and
Chief Financial Officer
6
<PAGE>
EXHIBIT 99.1
Bay View Securitization Corporation
For Remittance Date: December 31, 1999
A. PRINCIPAL BALANCE RECONCILIATION
<TABLE>
<CAPTION>
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 38,490,490.46 38,490,490.46 4885
------------------------------------------------------------------
(C) Collections (Regular Payments) 0.00 1,433,014.38 1,433,014.38 N/A
------------------------------------------------------------------
(D) Collections (Principal Payoffs) 0.00 989,501.29 989,501.29 218
------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 0.00 9,966.08 9,966.08 N/A
------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
------------------------------------------------------------------
(H) Gross Charge Offs 0.00 98,909.29 98,909.29 14
------------------------------------------------------------------
(I) Repurchases 0.00 12,324.72 12,324.72 11
------------------------------------------------------------------
(J) Ending Balance 0.00 35,946,774.70 35,946,774.70 4642
------------------------------------------------------------------
Notional Principal Balance:
(K) Beginning 2,135,298.00
---------------
(L) Ending 1,661,349.09
---------------
----------------------------------------------------
(M) Certificate Factor 0.0000000% 68.8029366% 14.1955874%
----------------------------------------------------
<CAPTION>
B. CASH FLOW RECONCILIATION
Total
---------------
<S> <C>
(A) Cash Wired 2,909,596.91
---------------
(B) Interest Wired/Earned 12,794.88
---------------
(C) Withdrawal from Payahead Account 9,966.08
---------------
(D) Advances 0.00
---------------
(E) Repurchases 12,324.72
---------------
(F) Gross Charge-Off Recoveries 20,429.85
---------------
(G) Gross Charge-Off Advances 2,556.60
---------------
(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 2,967,669.04
---------------
<CAPTION>
C. TRUSTEE DISTRIBUTION
Total
---------------
<S> <C>
(A) Total Cash Flow 2,967,669.04
---------------
(B) Unrecovered Interest Advances 2,462.48
---------------
(C) Servicing Fee (Due and Unpaid) 32,075.41
---------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
---------------
(E) Interest to "A-2" Certificate Holders, including Overdue 211,376.94
---------------
(F) Interest to "I" Certificate Holders, including Overdue 5,605.16
---------------
(G) Principal to "A-1" Certificate Holders, including Overdue 0.00
---------------
(H) Principal to "A-2" Certificate Holders, including Overdue 2,543,715.76
---------------
(I) Reinsurance Fee 0.00
---------------
(J) Surety Bond Fee 4,811.31
---------------
(K) First Loss Protection 0.00
------------
(L) Surety Bond Premium 4,811.31
------------
(M) Interest Advance Recovery Payments 17,427.41
---------------
(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: December 31, 1999
<TABLE>
<S> <C>
----------------
(R) Bank Account Interest to Servicer 12,794.88
----------------
(S) Excess Yield 137,399.69
----------------
----------------
BALANCE 0.00
----------------
</TABLE>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
<TABLE>
<CAPTION>
Spread Account Surety Bond
---------------------------------------
<S> <C> <C>
(A) Beginning Balance 3,312,596.21 35,592,156.39
---------------------------------------
(B) Additions to Spread Amount 137,399.69 N/A
---------------------------------------
(C) Interest Earned 15,280.28
---------------------------------------
(D) Draws 0.00 0.00
---------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
---------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 147,283.85 0.00
---------------------------------------
(G) Ending Balance 3,317,992.33 33,030,519.85
---------------------------------------
---------------------------------------
(H) Required Balance 3,165,312.36 33,030,519.85
---------------------------------------
(I) Distribution to "IC" Class 152,679.97
-------------------
</TABLE>
E. CURRENT RECEIVABLES DELINQUENCY
<TABLE>
<CAPTION>
#Payment Delinquency Number Balance
-------------------- ------------------------------------
<S> <C> <C>
(A) 31-60 33 219,225.84
------------------------------------
(B) 61-90 12 115,464.13
------------------------------------
(C) 91+ 5 52,319.15
------------------------------------
(D) Total 50 387,009.12
------------------------------------
</TABLE>
F. EXCESS YIELD
<TABLE>
<CAPTION>
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- ---------------------------------------------------------
<S> <C> <C> <C>
(A) Current 137,399.69 35,946,774.70 4.5868%
---------------------------------------------------------
(B) 1st Previous 133,173.80 38,490,490.46 4.1519%
---------------------------------------------------------
(C) 2nd Previous 227,915.16 41,049,306.32 6.6627%
---------------------------------------------------------
(D) 3rd Previous 137,409.27 43,572,955.44 3.7843%
---------------------------------------------------------
(E) 4th Previous 350,355.04 46,455,455.36 9.0501%
---------------------------------------------------------
(F) 5th Previous 145,948.49 49,663,174.10 3.5265%
---------------------------------------------------------
(G) Six-Month Rolling Excess Yield (*=1.75%) 188,700.25 42,529,692.73 5.3243%
---------------------------------------------------------
</TABLE>
G. DELINQUENCY RATE (31+)
<TABLE>
<CAPTION>
Month Pool
Month Balance Balance %
----- --------------------------------------------------------
<S> <C> <C> <C>
(A) Current 387,009.12 35,946,774.70 1.0766%
--------------------------------------------------------
(B) 1st Previous 444,683.32 38,490,490.46 1.1553%
--------------------------------------------------------
(C) 2nd Previous 442,085.95 41,049,306.32 1.0770%
--------------------------------------------------------
(D) Three-Month Rolling Average (**2%) 424,592.80 38,495,523.83 1.1030%
--------------------------------------------------------
</TABLE>
H. NET LOSS RATE
<TABLE>
<CAPTION>
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- ------------------------------------------------------------------------
<S> <C> <C> <C> <C>
(A) Current 115,853.32 37,373.88 37,218,632.58 2.5303%
------------------------------------------------------------------------
(B) 1st Previous 118,542.99 20,463.66 39,769,898.39 2.9594%
------------------------------------------------------------------------
(C) 2nd Previous 52,529.59 42,033.92 42,311,130.88 0.2977%
------------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate **3% 95,641.97 33,290.49 39,766,553.95 1.8815%
------------------------------------------------------------------------
</TABLE>
* - more than
** - less than
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: December 31, 1999
<TABLE>
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
---------------------------------------
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 14 98,909.29
---------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 1064 7,680,837.85
---------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 20,429.85
---------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 1,096,269.25
---------------------------------------
J. REPOSSESSIONS
---------------------------------------
(A) Collection Period Repossessions 4 47,051.10
----------------------------------------
(B) Aggregate Repossessions 660 7,700,145.04
----------------------------------------
(C) Unliquidated Repossessions 5 60,587.56
----------------------------------------
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 134,213.51
----------------
(B) Deposit 0.00
----------------
(C) Withdrawal 9,966.08
----------------
(D) Ending Balance 124,247.43
----------------
</TABLE>
Approved By: /s/ Michael LaOrange
--------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: November 30, 1999
<TABLE>
<CAPTION>
A. Principal Balance Reconciliation
Number
A-1 A-2 Total of 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 41,049,306.32 41,049,306.32 5141
--------------------------------------------------------------------------
(C) Collections (Regular Payments) 0.00 1,403,612.84 1,403,612.84 N/A
--------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 0.00 996,076.68 996,076.68 228
--------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
--------------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 0.00 19,262.76 19,262.76 N/A
--------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
--------------------------------------------------------------------------
(H) Gross Charge Offs 0.00 111,726.69 111,726.69 11
--------------------------------------------------------------------------
(I) Repurchases 0.00 28,136.89 28,136.89 17
--------------------------------------------------------------------------
(J) Ending Balance 0.00 38,490,490.46 38,490,490.46 4885
--------------------------------------------------------------------------
Notional Principal Balance:
(K) Beginning 2,796,733.30
---------------
(L) Ending 2,135,298.00
-------------------------------------------------
(M) Certificate Factor 0.0000000% 73.6716659% 15.2001154%
-------------------------------------------------
B. Cash Flow Reconciliation
Total
-----------------
(A) Cash Wired 2,929,544.75
-----------------
(B) Interest Wired/Earned 9,559.15
-----------------
(C) Withdrawal from Payahead Account 19,262.76
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 28,136.89
-----------------
(F) Gross Charge-Off Recoveries 13,647.36
-----------------
(G) Gross Charge-Off Advances 7,469.42
-----------------
(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 3,007,620.33
-----------------
C. Trustee Distribution
Total
-----------------
(A) Total Cash Flow 3,007,620.33
-----------------
(B) Unrecovered Interest Advances 7,413.97
-----------------
(C) Servicing Fee (Due and Unpaid) 34,207.76
-----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
-----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 225,429.11
-----------------
(F) Interest to "I" Certificate Holders, including Overdue 7,341.42
-----------------
(G) Principal to "A-1" Certificate Holders, including Overdue 0.00
-----------------
(H) Principal to "A-2" Certificate Holders, including Overdue 2,558,815.86
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 5,131.16
-----------------
(K) First Loss Protection 0.00
-----------------
(L) Surety Bond Premium 5,131.16
-----------------
(M) Interest Advance Recovery Payments 26,548.10
-----------------
(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: November 30, 1999
<TABLE>
<CAPTION>
<S> <C>
(R) Bank Account Interest to Servicer 9,559.15
-----------------
(S) Excess Yield 133,173.80
-----------------
Balance 0.00
-----------------
D. Spread Account and Surety Reconciliation
<S> <C> <C>
Spread Account Surety Bond
(A) Beginning Balance 3,407,420.24 38,168,720.32
------------------------------------
(B) Additions to Spread Amount 133,173.80 N/A
------------------------------------
(C) Interest Earned 14,110.05
------------------------------------
(D) Draws 0.00 0.00
------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 242,107.88 0.00
------------------------------------
(G) Ending Balance 3,312,596.21 35,592,156.39
------------------------------------
(H) Required Balance 3,165,312.36 35,592,156.39
------------------------------------
(I) Distribution to "IC" Class 147,283.85
------------------------------------
E. Current Receivables Delinquency
#Payment Delinquency Number Balance
--------------------
(A) 31-60 30 283,276.64
---------------------------------------------
(B) 61-90 10 85,532.49
---------------------------------------------
(C) 91+ 10 75,874.19
---------------------------------------------
(D) Total 50 444,683.32
---------------------------------------------
F. Excess Yield
Excess Yield Balance Pool Excess Yield
Month Balance (Annualized %)
- -----
<S> <C> <C> <C>
(A) Current 133,173.80 38,490,490.46 4.1519%
--------------------------------------------------------------
(B) 1st Previous 227,915.16 41,049,306.32 6.6627%
--------------------------------------------------------------
(C) 2nd Previous 137,409.27 43,572,955.44 3.7843%
--------------------------------------------------------------
(D) 3rd Previous 350,355.04 46,455,455.36 9.0501%
--------------------------------------------------------------
(E) 4th Previous 145,948.49 49,663,174.10 3.5265%
--------------------------------------------------------------
(F) 5th Previous 223,814.48 52,935,062.57 5.0737%
--------------------------------------------------------------
(G) Six-Month Rolling Excess Yield (>=1.75%) 203,102.71 45,361,074.04 5.3730%
--------------------------------------------------------------
G. Delinquency Rate (31+)
Month Pool
Month Balance Balance %
-----
(A) Current 444,683.32 38,490,490.46 1.1553%
--------------------------------------------------------------
(B) 1st Previous 442,085.95 41,049,306.32 1.0770%
--------------------------------------------------------------
(C) 2nd Previous 360,629.12 43,572,955.44 0.8276%
--------------------------------------------------------------
(D) Three-Month Rolling Average (less than 2%) 415,799.46 41,037,584.07 1.0132%
--------------------------------------------------------------
H. Net Loss Rate
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
- -----
(A) Current 118,542.99 20,463.66 39,769,898.39 2.9594%
-----------------------------------------------------------------------
(B) 1st Previous 52,529.59 42,033.92 42,311,130.88 0.2977%
-----------------------------------------------------------------------
(C) 2nd Previous 173,868.05 80,813.06 45,014,205.40 2.4807%
-----------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate
less than 3% 114,980.21 47,770.21 42,365,078.22 1.9037%
-----------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: November 30, 1999
<TABLE>
<CAPTION>
I. Charge-Off / Recoveries
Number Balance
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 11 111,726.69
---------------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 1050 7,581,928.56
---------------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 13,647.36
---------------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 1,075,839.40
---------------------------------------------
J. Repossessions
(A) Collection Period Repossessions 5 69,238.48
---------------------------------------------
(B) Aggregate Repossessions 656 7,653,093.94
---------------------------------------------
(C) Unliquidated Repossessions 6 77,706.83
---------------------------------------------
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 153,476.27
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 19,262.76
----------------------
(D) Ending Balance 134,213.51
----------------------
</TABLE>
Approved By: /s/ Michael LaOrange
-------------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
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
<PAGE>
Bay View Securitization Corporation
For Remittance Date: September 30, 1999
A. PRINCIPAL BALANCE RECONCILIATION
<TABLE>
<CAPTION>
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 46,455,455.36 46,455,455.36 5677
--------------------------------------------------------------------------
(C) Collections (Regular Payments) 0.00 1,540,880.40 1,540,880.40 N/A
--------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 0.00 1,166,808.73 1,166,808.73 246
--------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
--------------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 0.00 34,263.29 34,263.29 N/A
--------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
--------------------------------------------------------------------------
(H) Gross Charge Offs 0.00 119,831.11 119,831.11 17
--------------------------------------------------------------------------
(I) Repurchases 0.00 20,716.39 20,716.39 16
--------------------------------------------------------------------------
(J) Ending Balance 0.00 43,572,955.44 43,572,955.44 5398
--------------------------------------------------------------------------
Notional Principal Balance:
-----------------
(K) Beginning 4,176,112.92
-----------------
(L) Ending 3,477,114.81
-----------------
-----------------------------------------------------------
(M) Certificate Factor 0.0000000% 83.3996184% 17.2072099%
-----------------------------------------------------------
</TABLE>
B. CASH FLOW RECONCILIATION
<TABLE>
<CAPTION>
<S> <C>
Total
-----------------
(A) Cash Wired 3,298,153.33
-----------------
(B) Interest Wired/Earned 12,417.29
-----------------
(C) Withdrawal from Payahead Account 34,263.29
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 20,716.39
-----------------
(F) Gross Charge-Off Recoveries 26,776.12
-----------------
(G) Gross Charge-Off Advances 518.35
-----------------
(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 3,392,844.77
-----------------
</TABLE>
C. TRUSTEE DISTRIBUTION
<TABLE>
<CAPTION>
Total
<S> <C> <C>
-----------------
(A) Total Cash Flow 3,392,844.77
-----------------
(B) Unrecovered Interest Advances 436.34
-----------------
(C) Servicing Fee (Due and Unpaid) 38,712.88
-----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
-----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 255,117.88
-----------------
(F) Interest to "I" Certificate Holders, including Overdue 10,962.30
-----------------
(G) Principal to "A-1" Certificate Holders, including Overdue 0.00
(H) Principal to "A-2" Certificate Holders, including Overdue 2,882,499.92
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 5,806.93
----------------------------------------
(K) First Loss Protection 0.00
-----------------------
(L) Surety Bond Premium 5,806.93
----------------------------------------
(M) Interest Advance Recovery Payments 49,481.96
-----------------
(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: September 30, 1999
<TABLE>
<S> <C>
(R) Bank Account Interest to Servicer 12,417.29
-----------------
(S) Excess Yield 137,409.27
-----------------
BALANCE 0.00
-----------------
<CAPTION>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
----------------------------------------
<S> <C> <C>
(A) Beginning Balance 3,530,113.99 43,617,107.76
----------------------------------------
(B) Additions to Spread Amount 137,409.27 N/A
----------------------------------------
(C) Interest Earned 14,070.57
----------------------------------------
(D) Draws 0.00 0.00
----------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 364,801.63 0.00
----------------------------------------
(G) Ending Balance 3,316,792.20 40,712,436.13
----------------------------------------
(H) Required Balance 3,165,312.36 40,712,436.13
----------------------------------------
(I) Distribution to "IC" Class 151,479.84
-----------------------
<CAPTION>
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
-------------------- ---------------------------------------------
<S> <C> <C>
(A) 31-60 40 243,487.84
---------------------------------------------
(B) 61-90 8 107,776.18
---------------------------------------------
(C) 91+ 2 9,365.10
---------------------------------------------
(D) Total 50 360,629.12
---------------------------------------------
<CAPTION>
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- --------------------------------------------------------------
<S> <C> <C> <C>
(A) Current 137,409.27 43,572,955.44 3.7843%
--------------------------------------------------------------
(B) 1st Previous 350,355.04 46,455,455.36 9.0501%
--------------------------------------------------------------
(C) 2nd Previous 145,948.49 49,663,174.10 3.5265%
--------------------------------------------------------------
(D) 3rd Previous 223,814.48 52,935,062.57 5.0737%
--------------------------------------------------------------
(E) 4th Previous 98,926.91 56,389,588.22 2.1052%
--------------------------------------------------------------
(F) 5th Previous 80,045.75 59,947,518.62 1.6023%
--------------------------------------------------------------
(G) Six-Month Rolling Excess Yield (greater
than or equal to 1.75%) 172,749.99 51,493,959.05 4.0257%
--------------------------------------------------------------
<CAPTION>
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
----- --------------------------------------------------------------
<S> <C> <C> <C>
(A) Current 360,629.12 43,572,955.44 0.8276%
--------------------------------------------------------------
(B) 1st Previous 412,295.83 46,455,455.36 0.8875%
--------------------------------------------------------------
(C) 2nd Previous 322,512.00 49,663,174.10 0.6494%
--------------------------------------------------------------
(D) Three-Month Rolling Average (less than 2%) 365,145.65 46,563,861.63 0.7842%
--------------------------------------------------------------
<CAPTION>
H. NET LOSS RATE
Liquidation Average
Month Balance Proceeds Balance
----- --------------------------------------------------------------
<S> <C> <C> <C>
(A) Current 173,868.05 80,813.06 45,014,205.40
--------------------------------------------------------------
(B) 1st Previous 88,640.95 88,733.32 48,059,314.73
--------------------------------------------------------------
(C) 2nd Previous 192,985.51 65,908.18 51,299,118.34
--------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate
less than 3% 151,831.50 78,484.85 48,124,212.82
--------------------------------------------------------------
<CAPTION>
Defaulted
Month (Annualized)
----- ------------------------
<S> <C>
(A) Current 2.4807%
------------------------
(B) 1st Previous -0.0023%
------------------------
(C) 2nd Previous 2.9726%
------------------------
(D) Three-Month Rolling Average Net Default Rate
less than 3% 1.8289%
------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: September 30, 1999
<TABLE>
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
------------------------------------
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 17 119,831.11
------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 1031 7,434,498.89
------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 26,776.12
------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 1,036,984.73
------------------------------------
J. REPOSSESSIONS
------------------------------------
(A) Collection Period Repossessions 3 26,843.02
------------------------------------
(B) Aggregate Repossessions 645 7,532,966.06
------------------------------------
(C) Unliquidated Repossessions 4 32,708.70
------------------------------------
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 211,675.30
-------------
(B) Deposit 0.00
-------------
(C) Withdrawal 34,263.29
-------------
(D) Ending Balance 177,412.01
-------------
</TABLE>
Approved By: /s/ Michael LaOrange
--------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: August 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 49,663,174.10 49,663,174.10 5991
---------------------------------------------------------------------------------
(C) Collections (Regular Payments) 0.00 1,723,379.22 1,723,379.22 N/A
---------------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 0.00 1,366,755.29 1,366,755.29 278
---------------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
---------------------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 0.00 17,899.47 17,899.47 N/A
---------------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
---------------------------------------------------------------------------------
(H) Gross Charge Offs 0.00 74,909.42 74,909.42 12
---------------------------------------------------------------------------------
(I) Repurchases 0.00 24,775.34 24,775.34 24
---------------------------------------------------------------------------------
(J) Ending Balance 0.00 46,455,455.36 46,455,455.36 5677
---------------------------------------------------------------------------------
Notional Principal Balance:
-----------------
(K) Beginning 4,893,403.01
-----------------
(L) Ending 4,176,112.92
-----------------
------------------------------------------------------------
(M) Certificate Factor 0.0000000% 88.9167882% 18.3455257%
------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
B. CASH FLOW RECONCILIATION Total
-----------------
<S> <C>
(A) Cash Wired 3,784,247.05
-----------------
(B) Interest Wired/Earned 12,846.94
-----------------
(C) Withdrawal from Payahead Account 17,899.47
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 24,775.34
-----------------
(F) Gross Charge-Off Recoveries 72,106.63
-----------------
(G) Gross Charge-Off Advances 7,993.62
-----------------
(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 3,919,869.05
-----------------
</TABLE>
<TABLE>
<CAPTION>
C. TRUSTEE DISTRIBUTION
Total
-----------------
<S> <C>
(A) Total Cash Flow 3,919,869.05
-----------------
(B) Unrecovered Interest Advances 7,989.11
-----------------
(C) Servicing Fee (Due and Unpaid) 41,385.98
-----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
-----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 272,733.60
-----------------
(F) Interest to "I" Certificate Holders, including Overdue 12,845.18
-----------------
(G) Principal to "A-1" Certificate Holders, including Overdue 0.00
-----------------
(H) Principal to "A-2" Certificate Holders, including Overdue 3,207,718.74
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 6,207.90
----------------------------------
(K) First Loss Protection 0.00
-----------------
(L) Surety Bond Premium 6,207.90
----------------------------------
(M) Interest Advance Recovery Payments 7,786.56
-----------------
(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: August 31, 1999
<TABLE>
<CAPTION>
<S> <C>
-----------------
(R) Bank Account Interest to Servicer 12,846.94
-----------------
(S) Excess Yield 350,355.04
-----------------
-----------------
BALANCE 0.00
-----------------
</TABLE>
<TABLE>
<CAPTION>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
----------------------------------------
<S> <C> <C>
(A) Beginning Balance 3,324,986.76 46,848,057.63
----------------------------------------
(B) Additions to Spread Amount 350,355.04 N/A
----------------------------------------
(C) Interest Earned 14,446.59
----------------------------------------
(D) Draws 0.00 0.00
----------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 159,674.40 0.00
----------------------------------------
(G) Ending Balance 3,530,113.99 43,617,107.76
----------------------------------------
----------------------------------------
(H) Required Balance 3,165,312.36 43,617,107.76
----------------------------------------
(I) Distribution to "IC" Class 364,801.63
-----------------------
</TABLE>
<TABLE>
<CAPTION>
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
---------------------- ------------------------------------------
<S> <C> <C>
(A) 31-60 32 268,688.09
------------------------------------------
(B) 61-90 8 86,894.26
------------------------------------------
(C) 91+ 8 56,713.48
------------------------------------------
(D) Total 48 412,295.83
------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
------- ------------------------------------------------------------
<S> <C> <C> <C>
(A) Current 350,355.04 46,455,455.36 9.0501%
------------------------------------------------------------
(B) 1st Previous 145,948.49 49,663,174.10 3.5265%
------------------------------------------------------------
(C) 2nd Previous 223,814.48 52,935,062.57 5.0737%
------------------------------------------------------------
(D) 3rd Previous 98,926.91 56,389,588.22 2.1052%
------------------------------------------------------------
(E) 4th Previous 80,045.75 59,947,518.62 1.6023%
------------------------------------------------------------
(F) 5th Previous 170,699.83 63,938,978.92 3.2037%
------------------------------------------------------------
(G) Six-Month Rolling Excess Yield (greater
than or equal to 1.75%) 178,298.42 54,888,296.30 3.8981%
------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
------- ------------------------------------------------------------
<S> <C> <C> <C>
(A) Current 412,295.83 46,455,455.36 0.8875%
------------------------------------------------------------
(B) 1st Previous 322,512.00 49,663,174.10 0.6494%
------------------------------------------------------------
(C) 2nd Previous 398,831.53 52,935,062.57 0.7534%
------------------------------------------------------------
(D) Three-Month Rolling Average (less than 2%) 377,879.79 49,684,564.01 0.7606%
------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
H. NET LOSS RATE
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
------- ------------------------------------------------------------------
<S> <C> <C> <C> <C>
(A) Current 88,640.95 88,733.32 48,059,314.73 -0.0023%
------------------------------------------------------------------
(B) 1st Previous 192,985.51 65,908.18 51,299,118.34 2.9726%
------------------------------------------------------------------
(C) 2nd Previous 141,653.36 69,411.23 54,662,325.40 1.5859%
------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate
less than 3% 141,093.27 74,684.24 51,340,252.82 1.5522%
------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: August 31, 1999
<TABLE>
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
<S> <C> <C>
---------------------------------
(A) Collection Period Charge-Off Receivables 12 74,909.42
---------------------------------
(B) Gross Charge-Offs Cumulative Receivables 1014 7,314,667.78
---------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 72,106.63
---------------------------------
(D) Recoveries on Charge-Offs To-Date NA 1,010,208.61
---------------------------------
</TABLE>
<TABLE>
<CAPTION>
J. REPOSSESSIONS
<S> <C> <C>
--------------------------------------
(A) Collection Period Repossessions 7 75,055.54
--------------------------------------
(B) Aggregate Repossessions 642 7,506,123.04
--------------------------------------
(C) Unliquidated Repossessions 9 91,103.39
--------------------------------------
</TABLE>
<TABLE>
<CAPTION>
K. FORCED PLACE INSURANCE
<S> <C> <C>
--------------------------------------
(A) FPI Charge-Offs 0 0.00
--------------------------------------
(B) FPI Canceled/Waived/Removed/ Reversed 0 0.00
--------------------------------------
</TABLE>
<TABLE>
<CAPTION>
L. PAYAHEAD RECONCILIATION
<S> <C>
---------------
(A) Beginning Balance 229,574.77
---------------
(B) Deposit 0.00
---------------
(C) Withdrawal 17,899.47
---------------
(D) Ending Balance 211,675.30
---------------
</TABLE>
Approved By: /s/ Michael LaOrange
--------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
BAY VIEW SECURITIZATION CORPORATION
For Remittance Date: July 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 689,073.57 52,245,989.00 52,935,062.57 6317
------------------------------------------------------------------------
(C) Collections (Regular Payments) 689,073.57 1,103,871.64 1,792,945.21 N/A
------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 0.00 1,253,484.77 1,253,484.77 287
------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
------------------------------------------------------------------------
(F) Withdrawal Withdrawal rom Payahead (Principal) 0.00 14,769.27 14,769.27 N/A
------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
------------------------------------------------------------------------
(H) Gross Charge Offs 0.00 159,649.35 159,649.35 15
------------------------------------------------------------------------
(I) Repurchases 0.00 51,039.87 51,039.87 24
------------------------------------------------------------------------
(J) Ending Balance 0.00 49,663,174.10 49,663,174.10 5991
------------------------------------------------------------------------
Notional Principal Balance: -----------------
(K) Beginning 5,925,289.77
-----------------
(L) Ending 4,893,403.01
-----------------
---------------------------------------------------------
(M) Certificate Factor 0.000000 0% 95.0564341% 19.6122722%
---------------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
-----------------
(A) Cash Wired 3,712,487.95
-----------------
(B) Interest Wired/Earned 14,006.49
-----------------
(C) Withdrawal from Payahead Account 14,769.27
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 51,039.87
-----------------
(F) Gross Charge-Off Recoveries 32,572.02
-----------------
(G) Gross Charge-Off Advances 2,496.36
-----------------
(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 3,827,371.96
-----------------
C. TRUSTEE DISTRIBUTION
Total
-----------------
(A) Total Cash Flow 3,827,371.96
-----------------
(B) Unrecovered Interest Advances 2,379.90
-----------------
(C) Servicing Fee (Due and Unpaid) 44,112.55
-----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 3,611.89
-----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 286,917.56
-----------------
(F) Interest to "I" Certificate Holders, including Overdue 15,553.89
-----------------
(G) Principal to "A-1" Certificate Holders, including Overdue 689,073.57
-----------------
(H) Principal to "A-2" Certificate Holders, including Overdue 2,582,814.90
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 6,616.88
-----------------------------------
(K) First Loss Protection 0.00
-----------------
(L) Surety Bond Premium 6,616.88
-----------------------------------
(M) Interest Advance Recovery Payments 36,335.84
-----------------
(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: July 31, 1999
<TABLE>
<CAPTION>
<S> <C>
---------------------
(R) Bank Account Interest to Servicer 14,006.49
---------------------
(S) Excess Yield 145,948.49
---------------------
---------------------
BALANCE 0.00
---------------------
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
----------------------------------------
(A) Beginning Balance 3,401,442.43 50,145,305.92
----------------------------------------
(B) Additions to Spread Amount 145,948.49 N/A
----------------------------------------
(C) Interest Earned 13,725.91
----------------------------------------
(D) Draws 0.00 0.00
----------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 236,130.07 0.00
----------------------------------------
(G) Ending Balance 3,324,986.76 46,848,057.63
----------------------------------------
----------------------------------------
(H) Required Balance 3,165,312.36 46,848,057.63
----------------------------------------
(I) Distribution to "IC" Class 159,674.40
-----------------
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
-------------------- ---------------------------------------
(A) 31-60 21 153,825.47
---------------------------------------
(B) 61-90 16 144,254.80
---------------------------------------
(C) 91+ 6 24,431.73
---------------------------------------
(D) Total 43 322,512.00
---------------------------------------
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- --------------------------------------------------------------
(A) Current 145,948.49 49,663,174.10 3.5265%
--------------------------------------------------------------
(B) 1st Previous 223,814.48 52,935,062.57 5.0737%
--------------------------------------------------------------
(C) 2nd Previous 98,926.91 56,389,588.22 2.1052%
--------------------------------------------------------------
(D) 3rd Previous 80,045.75 59,947,518.62 1.6023%
--------------------------------------------------------------
(E) 4th Previous 170,699.83 63,938,978.92 3.2037%
--------------------------------------------------------------
(F) 5th Previous 26,313.08 68,163,750.56 0.4632%
--------------------------------------------------------------
(G) Six-Month Rolling Excess Yield
(Greater or equal to 1.75%) 124,291.43 58,506,345.50 2.5493%
--------------------------------------------------------------
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
----- --------------------------------------------------------------
(A) Current 322,512.00 49,663,174.10 0.6494%
--------------------------------------------------------------
(B) 1st Previous 398,831.53 52,935,062.57 0.7534%
--------------------------------------------------------------
(C) 2nd Previous 381,913.11 56,389,588.22 0.6773%
--------------------------------------------------------------
(D) Three-Month Rolling Average (less than 2%) 367,752.21 52,995,941.63 0.6939%
--------------------------------------------------------------
H. NET LOSS RATE
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- ------------------------------------------------------------------------
(A) Current 192,985.51 65,908.18 51,299,118.34 2.9726%
------------------------------------------------------------------------
(B) 1st Previous 141,653.36 69,411.23 54,662,325.40 1.5859%
------------------------------------------------------------------------
(C) 2nd Previous 191,365.11 108,247.03 58,168,553.42 1.7147%
------------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate
less than 3% 175,334.66 81,188.81 54,709,999.05 2.0650%
------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
BAY VIEW SECURITIZATION CORPORATION
For Remittance Date: July 31, 1999
<TABLE>
<CAPTION>
<S> <C> <C>
I. CHARGE-OFF / RECOVERIES
Number Balance
---------------------------------------------
(A) Collection Period Charge-Off Receivables 15 159,649.35
---------------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 1002 7,239,758.36
---------------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 32,572.02
---------------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 938,101.98
---------------------------------------------
J. REPOSSESSIONS
---------------------------------------------
(A) Collection Period Repossessions 4 37,450.65
---------------------------------------------
(B) Aggregate Repossessions 635 7,431,067.50
---------------------------------------------
(C) Unliquidated Repossessions 9 86,673.86
---------------------------------------------
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 244,344.04
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 14,769.27
----------------------
(D) Ending Balance 229,574.77
----------------------
</TABLE>
Approved By: /s/ Michael LaOrange
--------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: June 30, 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 4,143,599.22 52,245,989.00 56,389,588.22 6634
--------------------------------------------------------------------
(C) Collections (Regular Payments) 1,947,854.77 0.00 1,947,854.77 N/A
--------------------------------------------------------------------
(D) Collections (Principal Payoffs) 1,385,190.02 0.00 1,385,190.02 285
--------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
--------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 13,264.49 0.00 13,264.49 N/A
--------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
--------------------------------------------------------------------
(H) Gross Charge Offs 89,523.81 0.00 89,523.81 15
--------------------------------------------------------------------
(I) Repurchases 18,692.56 0.00 18,692.56 17
--------------------------------------------------------------------
(J) Ending Balance 689,073.57 52,245,989.00 52,935,062.57 6317
--------------------------------------------------------------------
Notional Principal Balance:
--------------
(K) Beginning 7,591,418.81
--------------
(L) Ending 5,925,289.77
--------------
(M) Certificate Factor 0.3428585% 100.0000000% 20.9043597%
-------------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
---------------
(A) Cash Wired 4,069,751.88
---------------
(B) Interest Wired/Earned 12,778.97
---------------
(C) Withdrawal from Payahead Account 13,264.49
---------------
(D) Advances 0.00
---------------
(E) Repurchases 18,692.56
---------------
(F) Gross Charge-Off Recoveries 17,281.68
---------------
(G) Gross Charge-Off Advances 3,891.08
---------------
(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 4,135,660.66
---------------
C. TRUSTEE DISTRIBUTION
Total
--------------
(A) Total Cash Flow 4,135,660.66
---------------
(B) Unrecovered Interest Advances 3,860.72
---------------
(C) Servicing Fee (Due and Unpaid) 46,991.32
---------------
(D) Interest to "A-1" Certificate Holders, including Overdue 21,719.37
---------------
(E) Interest to "A-2" Certificate Holders, including Overdue 286,917.56
---------------
(F) Interest to "I" Certificate Holders, including Overdue 19,927.47
---------------
(G) Principal to "A-1" Certificate Holders, including Overdue 3,454,525.65
--------------
(H) Principal to "A-2" Certificate Holders, including Overdue 0.00
---------------
(I) Reinsurance Fee 0.00
---------------
(J) Surety Bond Fee 7,048.70
---------------------------------
(K) First Loss Protection 0.00
------------------
(L) Surety Bond Premium 7,048.70
(M) Interest Advance Recovery Payments 58,076.42
---------------
(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: June 30, 1999
<TABLE>
<S> <C> <C> <C> <C>
----------------
(R) Bank Account Interest to Servicer 12,778.97
----------------
(S) Excess Yield 223,814.48
----------------
BALANCE 0.00
----------------
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
-----------------------------------
(A) Beginning Balance 3,275,543.88 53,625,955.82
-----------------------------------
(B) Additions to Spread Amount 223,814.48 N/A
-----------------------------------
(C) Interest Earned 12,315.59
-----------------------------------
(D) Draws 0.00 0.00
-----------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
-----------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 110,231.52 0.00
-----------------------------------
(G) Ending Balance 3,401,442.43 50,145,305.92
-----------------------------------
(H) Required Balance 3,165,312.36 50,145,305.92
-----------------------------------
(I) Distribution to "IC" Class 236,130.07
------------------
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
-------------------- -------------------------------------------
(A) 31-60 27 247,380.04
-------------------------------------------
(B) 61-90 15 125,778.15
-------------------------------------------
(C) 91+ 3 25,673.34
-------------------------------------------
(D) Total 45 398,831.53
-------------------------------------------
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- -------------------------------------------------------------
(A) Current 223,814.48 52,935,062.57 5.0737%
-------------------------------------------------------------
(B) 1st Previous 98,926.91 56,389,588.22 2.1052%
-------------------------------------------------------------
(C) 2nd Previous 80,045.75 59,947,518.62 1.6023%
-------------------------------------------------------------
(D) 3rd Previous 170,699.83 63,938,978.92 3.2037%
-------------------------------------------------------------
(E) 4th Previous 26,313.08 68,163,750.56 0.4632%
-------------------------------------------------------------
(F) 5th Previous 56,815.80 71,764,929.38 0.9500%
-------------------------------------------------------------
(G) Six-Month Rolling Excess Yield (>=1.75%) 109,435.98 62,189,971.38 2.1116%
-------------------------------------------------------------
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
----- -------------------------------------------------------------
(A) Current 398,831.53 52,935,062.57 0.7534%
-------------------------------------------------------------
(B) 1st Previous 381,913.11 56,389,588.22 0.6773%
-------------------------------------------------------------
(C) 2nd Previous 433,465.30 59,947,518.62 0.7231%
-------------------------------------------------------------
(D) Three-Month Rolling Average (less than 2%) 404,736.65 56,424,056.47 0.7173%
-------------------------------------------------------------
H. NET LOSS RATE
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- ------------------------------------------------------------------------
(A) Current 141,653.36 69,411.23 54,662,325.40 1.5859%
------------------------------------------------------------------------
(B) 1st Previous 191,365.11 108,247.03 58,168,553.42 1.7147%
------------------------------------------------------------------------
(C) 2nd Previous 179,951.32 78,592.57 61,943,248.77 1.9636%
------------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate
less than 3% 170,989.93 85,416.94 58,258,042.53 1.7626%
------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: June 30, 1999
<TABLE>
<S> <C> <C>
I. CHARGE-OFF / RECOVERIES
Number Balance
---------------------------------------------
(A) Collection Period Charge-Off Receivables 15 89,523.81
---------------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 987 7,080,109.01
---------------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 17,281.68
---------------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 905,529.96
---------------------------------------------
J. REPOSSESSIONS
---------------------------------------------
(A) Collection Period Repossessions 12 132,846.60
---------------------------------------------
(B) Aggregate Repossessions 631 7,393,616.85
---------------------------------------------
(C) Unliquidated Repossessions 14 173,585.15
---------------------------------------------
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 257,608.53
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 13,264.49
----------------------
(D) Ending Balance 244,344.04
----------------------
</TABLE>
Approved By: /s/ Richard Kleinman
--------------------
Richard Kleinman
Vice President, CFO
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: May 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 7,701,529.62 52,245,989.00 59,947,518.62 6993
-----------------------------------------------------------------
(C) Collections (Regular Payments) 1,851,452.07 0.00 1,851,452.07 N/A
-----------------------------------------------------------------
(D) Collections (Principal Payoffs) 1,525,725.66 0.00 1,525,725.66 320
-----------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
-----------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 20,939.79 0.00 20,939.79 N/A
-----------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
-----------------------------------------------------------------
(H) Gross Charge Offs 129,919.61 0.00 129,919.61 16
-----------------------------------------------------------------
(I) Repurchases 29,893.27 0.00 29,893.27 23
-----------------------------------------------------------------
(J) Ending Balance 4,143,599.22 52,245,989.00 56,389,588.22 6634
-----------------------------------------------------------------
Notional Principal Balance:
---------------
(K) Beginning 9,309,440.84
---------------
(L) Ending 7,591,418.81
---------------
-------------------------------------------------
(M) Certificate Factor 2.0617076% 100.0000000% 22.2685717%
-------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
---------------
(A) Cash Wired 3,964,322.18
---------------
(B) Interest Wired/Earned 10,556.99
---------------
(C) Withdrawal from Payahead Account 20,939.79
---------------
(D) Advances 3,885.83
---------------
(E) Repurchases 29,893.27
---------------
(F) Gross Charge-Off Recoveries 46,801.53
---------------
(G) Gross Charge-Off Advances 2,238.47
---------------
(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 4,078,638.06
---------------
C. TRUSTEE DISTRIBUTION
Total
---------------
(A) Total Cash Flow 4,078,638.06
---------------
(B) Unrecovered Interest Advances 2,050.36
---------------
(C) Servicing Fee (Due and Unpaid) 49,956.27
---------------
(D) Interest to "A-1" Certificate Holders, including Overdue 40,368.85
---------------
(E) Interest to "A-2" Certificate Holders, including Overdue 286,917.56
---------------
(F) Interest to "I" Certificate Holders, including Overdue 24,437.28
---------------
(G) Principal to "A-1" Certificate Holders, including Overdue 3,557,930.40
---------------
(H) Principal to "A-2" Certificate Holders, including Overdue 0.00
---------------
(I) Reinsurance Fee 0.00
---------------
(J) Surety Bond Fee 7,493.44
---------------
(K) First Loss Protection 0.00
---------------
(L) Surety Bond Premium 7,493.44
---------------
(M) Interest Advance Recovery Payments 0.00
---------------
(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: May 31, 1999
<TABLE>
<S> <C>
----------
(R) Bank Account Interest to Servicer 10,556.99
----------
(S) Excess Yield 98,926.91
----------
----------
BALANCE 0.00
----------
</TABLE>
<TABLE>
<CAPTION>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
---------------------------------
Spread Account Surety Bond
---------------------------------
<S> <C> <C>
(A) Beginning Balance 3,255,452.95 57,212,778.03
---------------------------------
(B) Additions to Spread Amount 98,926.91 N/A
---------------------------------
(C) Interest Earned 11,304.61
---------------------------------
(D) Draws 0.00 0.00
---------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
---------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 90,140.59 0.00
---------------------------------
(G) Ending Balance 3,275,543.88 53,625,955.82
---------------------------------
---------------------------------
(H) Required Balance 3,165,312.36 53,625,955.82
---------------------------------
(I) Distribution to "IC" Class 110,231.52
----------------
</TABLE>
<TABLE>
<CAPTION>
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
-------------------- -----------------------------
<S> <C> <C>
(A) 31-60 36 240,163.01
-----------------------------
(B) 61-90 11 117,833.24
-----------------------------
(C) 91+ 4 23,916.86
-----------------------------
(D) Total 51 381,913.11
-----------------------------
</TABLE>
<TABLE>
<CAPTION>
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- -----------------------------------------------
<S> <C> <C> <C>
(A) Current 98,926.91 56,389,588.22 2.1052%
-----------------------------------------------
(B) 1st Previous 80,045.75 59,947,518.62 1.6023%
-----------------------------------------------
(C) 2nd Previous 170,699.83 63,938,978.92 3.2037%
-----------------------------------------------
(D) 3rd Previous 26,313.08 68,163,750.56 0.4632%
-----------------------------------------------
(E) 4th Previous 56,815.80 71,764,929.38 0.9500%
-----------------------------------------------
(F) 5th Previous 254,395.50 75,891,072.78 4.0225%
-----------------------------------------------
(G) Six-Month Rolling Excess Yield (greater than=1.75%) 114,532.81 66,015,973.08 2.0819%
-----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
----- -----------------------------------------------
<S> <C> <C> <C>
(A) Current 381,913.11 56,389,588.22 0.6773%
-----------------------------------------------
(B) 1st Previous 433,465.30 59,947,518.62 0.7231%
-----------------------------------------------
(C) 2nd Previous 356,175.93 63,938,978.92 0.5571%
-----------------------------------------------
(D) Three-Month Rolling Average (less than 2%) 390,518.11 60,092,028.59 0.6499%
-----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
H. NET LOSS RATE
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- -----------------------------------------------------------
<S> <C> <C> <C> <C>
(A) Current 191,365.11 108,247.03 58,168,553.42 1.7147%
-----------------------------------------------------------
(B) 1st Previous 179,951.32 78,592.57 61,943,248.77 1.9636%
-----------------------------------------------------------
(C) 2nd Previous 230,894.62 113,284.69 66,051,364.74 2.1367%
-----------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate less than 3% 200,737.02 100,041.43 62,054,388.98 1.9472%
-----------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: May 31, 1999
<TABLE>
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
-----------------------------
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 16 129,919.61
-----------------------------
(B) Gross Charge-Offs Cumulative Receivables 972 6,990,585.20
-----------------------------
(C) Collection Period Recoveries on Charge-Offs NA 46,801.53
-----------------------------
(D) Recoveries on Charge-Offs To-Date NA 888,248.28
-----------------------------
J. REPOSSESSIONS
-----------------------------
(A) Collection Period Repossessions 8 104,886.85
-----------------------------
(B) Aggregate Repossessions 619 7,260,770.25
-----------------------------
(C) Unliquidated Repossessions 8 104,886.85
-----------------------------
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 278,548.32
----------
(B) Deposit 0.00
----------
(C) Withdrawal 20,939.79
----------
(D) Ending Balance 257,608.53
----------
</TABLE>
Approved By: /s/ Michael A. Benavides
------------------------
Michael A. Benavides
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: April 30, 1999
A. PRINCIPAL BALANCE RECONCILIATION
<TABLE>
<CAPTION>
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 11,692,989.92 52,245,989.00 63,938,978.92 7364
------------------------------------------------------------------
(C) Collections (Regular Payments) 1,990,578.09 0.00 1,990,578.09 N/A
------------------------------------------------------------------
(D) Collections (Principal Payoffs) 1,806,355.55 0.00 1,806,355.55 342
------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 31,380.29 0.00 31,380.29 N/A
------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
------------------------------------------------------------------
(H) Gross Charge Offs 138,396.14 0.00 138,396.14 16
------------------------------------------------------------------
(I) Repurchases 24,750.23 0.00 24,750.23 13
------------------------------------------------------------------
(J) Ending Balance 7,701,529.62 52,245,989.00 59,947,518.62 6993
------------------------------------------------------------------
Notional Principal Balance:
(K) Beginning 11,078,468.47
-----------------
(L) Ending 9,309,440.84
-----------------
-------------------------------------------------
(M) Certificate Factor 3.8320071% 100.0000000% 23.6736188%
-------------------------------------------------
</TABLE>
B. CASH FLOW RECONCILIATION
<TABLE>
<CAPTION>
Total
<S> <C> <C>
-----------------
(A) Cash Wired 4,495,884.53
-----------------
(B) Interest Wired/Earned 12,384.25
-----------------
(C) Withdrawal from Payahead Account 31,380.29
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 24,750.23
-----------------
(F) Gross Charge-Off Recoveries 37,037.39
-----------------
(G) Gross Charge-Off Advances 4,689.54
-----------------
(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 4,606,126.23
-----------------
</TABLE>
C. TRUSTEE DISTRIBUTION
<TABLE>
<CAPTION>
Total
<S> <C> <C>
-----------------
(A) Total Cash Flow 4,606,126.23
-----------------
(B) Unrecovered Interest Advances 4,597.16
-----------------
(C) Servicing Fee (Due and Unpaid) 53,282.48
-----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 61,290.76
-----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 286,917.56
-----------------
(F) Interest to "I" Certificate Holders, including Overdue 29,080.98
-----------------
(G) Principal to "A-1" Certificate Holders, including Overdue 3,991,460.30
-----------------
(H) Principal to "A-2" Certificate Holders, including Overdue 0.00
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 7,992.37
-----------------
-----------------------
(K) First Loss Protection 0.00
-----------------------
(L) Surety Bond Premium 7,992.37
-----------------------
-----------------
(M) Interest Advance Recovery Payments 79,074.62
-----------------
(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: April 30, 1999
<TABLE>
<S> <C>
-----------------
(R) Bank Account Interest to Servicer 12,384.25
-----------------
(S) Excess Yield 80,045.75
-----------------
-----------------
BALANCE 0.00
-----------------
</TABLE>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
<TABLE>
<CAPTION>
Spread Account Surety Bond
----------------------------------------
<S> <C> <C>
(A) Beginning Balance 3,346,461.55 61,235,262.06
----------------------------------------
(B) Additions to Spread Amount 80,045.75 N/A
----------------------------------------
(C) Interest Earned 10,094.84
----------------------------------------
(D) Draws 0.00 0.00
----------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------------
(F) Distribution of Funds to "IC" Class or Servicer 181,149.19 0.00
----------------------------------------
(G) Ending Balance 3,255,452.95 57,212,778.03
----------------------------------------
----------------------------------------
(H) Required Balance 3,165,312.36 57,212,778.03
----------------------------------------
(I) Distribution to "IC" Class 90,140.59
-----------------------
</TABLE>
E. CURRENT RECEIVABLES DELINQUENCY
<TABLE>
<CAPTION>
#Payment Delinquency Number Balance
--------------------
<S> <C> <C>
---------------------------------------------
(A) 31-60 35 308,459.42
---------------------------------------------
(B) 61-90 12 82,342.67
---------------------------------------------
(C) 91+ 3 42,663.21
---------------------------------------------
(D) Total 50 433,465.30
---------------------------------------------
</TABLE>
F. EXCESS YIELD
<TABLE>
<CAPTION>
Excess Yield Balance Pool Excess Yield
Month Balance (Annualized %)
-----
<S> <C> <C> <C>
--------------------------------------------------------------
(A) Current 80,045.75 59,947,518.62 1.6023%
--------------------------------------------------------------
(B) 1st Previous 170,699.83 63,938,978.92 3.2037%
--------------------------------------------------------------
(C) 2nd Previous 26,313.08 68,163,750.56 0.4632%
--------------------------------------------------------------
(D) 3rd Previous 56,815.80 71,764,929.38 0.9500%
--------------------------------------------------------------
(E) 4th Previous 254,395.50 75,891,072.78 4.0225%
--------------------------------------------------------------
(F) 5th Previous 145,771.11 80,033,853.14 2.1856%
--------------------------------------------------------------
(G) Six-Month Rolling Excess Yield (greater than =1.75%) 122,340.18 69,956,683.90 2.0986%
--------------------------------------------------------------
</TABLE>
G. DELINQUENCY RATE (31+)
<TABLE>
<CAPTION>
Month Pool
Month Balance Balance %
-----
<S> <C> <C> <C>
--------------------------------------------------------------
(A) Current 433,465.30 59,947,518.62 0.7231%
--------------------------------------------------------------
(B) 1st Previous 356,175.93 63,938,978.92 0.5571%
--------------------------------------------------------------
(C) 2nd Previous 576,255.86 68,163,750.56 0.8454%
--------------------------------------------------------------
(D) Three-Month Rolling Average (Less than 2%) 455,299.03 64,016,749.37 0.7112%
--------------------------------------------------------------
</TABLE>
H. NET LOSS RATE
<TABLE>
<CAPTION>
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
-----
<S> <C> <C> <C> <C>
(A) Current 179,951.32 78,592.57 61,943,248.77 1.9636%
----------------------------------------------------------------------------
(B) 1st Previous 230,894.62 113,284.69 66,051,364.74 2.1367%
----------------------------------------------------------------------------
(C) 2nd Previous 202,287.18 54,904.94 69,964,339.97 2.5278%
----------------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default Rate
Less than 3% 204,377.71 82,260.73 65,986,317.83 2.2208%
----------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: April 30, 1999
<TABLE>
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
------------------------------------
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 16 138,396.14
------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 956 6,860,665.59
------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 37,037.39
------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 841,446.75
------------------------------------
J. REPOSSESSIONS
------------------------------------
(A) Collection Period Repossessions 7 90,535.70
------------------------------------
(B) Aggregate Repossessions 611 7,155,883.40
------------------------------------
(C) Unliquidated Repossessions 9 117,571.64
------------------------------------
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 309,928.61
-------------
(B) Deposit 0.00
-------------
(C) Withdrawal 31,380.29
-------------
(D) Ending Balance 278,548.32
-------------
</TABLE>
Approved By: /s/ Michael A. Benavides
------------------------
Michael A. Benavides
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: March 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 15,917,761.56 52,245,989.00 68,163,750.56 7757
---------------------------------------------------------------------------
(C) Collections (Regular Payments) 2,312,774.15 0.00 2,312,774.15 N/A
---------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 1,710,022.65 0.00 1,710,022.65 355
---------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
---------------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 6,693.29 0.00 6,693.29 N/A
---------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
---------------------------------------------------------------------------
(H) Gross Charge Offs 171,542.84 0.00 171,542.84 18
---------------------------------------------------------------------------
(I) Repurchases 23,738.71 0.00 23,738.71 20
---------------------------------------------------------------------------
(J) Ending Balance 11,692,989.92 52,245,989.00 63,938,978.92 7364
---------------------------------------------------------------------------
Notional Principal Balance:
(K) Beginning 13,119,703.27
-----------------
(L) Ending 11,078,468.47
-----------------
(M) Certificate Factor 5.8180158% 100.0000000% 25.2498694%
--------------------------------------------------------------
B. Cash Flow Reconciliation
Total
(A) Cash Wired 4,818,368.96
-----------------
(B) Interest Wired/Earned 11,985.57
-----------------
(C) Withdrawal from Payahead Account 6,693.29
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 23,738.71
-----------------
(F) Gross Charge-Off Recoveries 53,932.91
-----------------
(G) Gross Charge-Off Advances 4,450.70
-----------------
(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 4,919,170.14
-----------------
C. Trustee Distribution
Total
(A) Total Cash Flow 4,919,170.14
-----------------
(B) Unrecovered Interest Advances 4,389.08
-----------------
(C) Servicing Fee (Due and Unpaid) 56,803.13
-----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 83,435.60
-----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 286,917.56
-----------------
(F) Interest to "I" Certificate Holders, including Overdue 34,439.22
-----------------
(G) Principal to "A-1" Certificate Holders, including Overdue 4,224,771.64
(H) Principal to "A-2" Certificate Holders, including Overdue 0.00
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 8,520.47
-----------------
(K) First Loss Protection 0.00
--------------------
(L) Surety Bond Premium 8,520.47
--------------------
(M) Interest Advance Recovery Payments 37,208.05
-----------------
(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>
1
<PAGE>
Bay View Securitization Corporation
For Remittance Date: March 31, 1999
<TABLE>
<CAPTION>
<S> <C> <C> <C>
(R) Bank Account Interest to Servicer 11,985.57
-----------------
(S) Excess Yield 170,699.83
-----------------
Balance 0.00
-----------------
D. Spread Account and Surety Reconciliation
Spread Account Surety Bond
(A) Beginning Balance 3,201,141.17 65,488,032.54
----------------------------------------
(B) Additions to Spread Amount 170,699.83 N/A
----------------------------------------
(C) Interest Earned 10,449.36
----------------------------------------
(D) Draws 0.00 0.00
----------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------------
(F) Distribution of Funds to "IC"
Class or Servicer 35,828.81 0.00
----------------------------------------
(G) Ending Balance 3,346,461.55 61,235,262.06
----------------------------------------
(H) Required Balance 3,165,312.36 61,235,262.06
----------------------------------------
(I) Distribution to "IC" Class 181,149.19
-----------------------
E. Current Receivables Delinquency
#Payment Delinquency Number Balance
--------------------
(A) 31-60 23 159,239.40
---------------------------------------------
(B) 61-90 11 99,857.14
---------------------------------------------
(C) 91+ 7 97,079.39
---------------------------------------------
(D) Total 41 356,175.93
---------------------------------------------
F. Excess Yield
Excess Yield Balance Pool Excess Yield
Month Balance (Annualized %)
-----
(A) Current 170,699.83 63,938,978.92 3.2037%
--------------------------------------------------------------
(B) 1st Previous 26,313.08 68,163,750.56 0.4632%
--------------------------------------------------------------
(C) 2nd Previous 56,815.80 71,764,929.38 0.9500%
--------------------------------------------------------------
(D) 3rd Previous 254,395.50 75,891,072.78 4.0225%
--------------------------------------------------------------
(E) 4th Previous 145,771.11 80,033,853.14 2.1856%
--------------------------------------------------------------
(F) 5th Previous 232,975.37 84,674,433.84 3.3017%
--------------------------------------------------------------
(G) Six-Month Rolling Excess
Yield ((less than or equal to)1.75%) 147,828.45 74,077,836.44 2.3947%
--------------------------------------------------------------
G. Delinquency Rate (31+)
Month Pool
Month Balance Balance %
-----
(A) Current 356,175.93 63,938,978.92 0.5571%
--------------------------------------------------------------
(B) 1st Previous 576,255.86 68,163,750.56 0.8454%
--------------------------------------------------------------
(C) 2nd Previous 613,289.79 71,764,929.38 0.8546%
--------------------------------------------------------------
(D) Three-Month Rolling
Average ((less than)2%) 515,240.53 67,955,886.29 0.7582%
--------------------------------------------------------------
H. Net Loss Rate
Liquidation Proceeds Average Defaulted
Month Balance Balance (Annualized)
-----
(A) Current 230,894.62 113,284.69 66,051,364.74 2.1367%
-----------------------------------------------------------------------------------
(B) 1st Previous 202,287.18 54,904.94 69,964,339.97 2.5278%
-----------------------------------------------------------------------------------
(C) 2nd Previous 202,823.28 91,893.03 73,828,001.08 1.8031%
-----------------------------------------------------------------------------------
(D) Three-Month Rolling Average Net Default
Rate (less than)3% 212,001.69 86,694.22 69,947,901.93 2.1497%
-----------------------------------------------------------------------------------
</TABLE>
2
<PAGE>
Bay View Securitization Corporation
For Remittance Date: March 31, 1999
<TABLE>
<CAPTION>
I. Charge-Off / Recoveries
Number Balance
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 18 171,542.84
---------------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 940 6,722,269.45
---------------------------------------------
(C) Collection Period Recoveries on Charge-Offs NA 53,932.91
---------------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 804,409.36
---------------------------------------------
J. Repossessions
(A) Collection Period Repossessions 9 115,459.93
---------------------------------------------
(B) Aggregate Repossessions 604 7,065,347.70
---------------------------------------------
(C) Unliquidated Repossessions 15 180,252.92
---------------------------------------------
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 316,621.90
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 6,693.29
----------------------
(D) Ending Balance 309,928.61
----------------------
</TABLE>
Approved By: /s/ Michael A. Benavides
------------------------
Michael A. Benavides
Vice President, Controller
Bay View Acceptance Corp
3
<PAGE>
Bay View Securitization Corporation
For Remittance Date: February 28, 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 19,518,940.38 52,245,989.00 71,764,929.38 8124
---------------------------------------------------------------------------
(C) Collections (Regular Payments) 2,119,096.08 0.00 2,119,096.08 N/A
---------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 1,281,170.59 0.00 1,281,170.59 319
---------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
---------------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 9,482.51 0.00 9,482.51 N/A
---------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
---------------------------------------------------------------------------
(H) Gross Charge Offs 159,479.20 0.00 159,479.20 25
---------------------------------------------------------------------------
(I) Repurchases 31,950.44 0.00 31,950.44 23
---------------------------------------------------------------------------
(J) Ending Balance 15,917,761.56 52,245,989.00 68,163,750.56 7757
---------------------------------------------------------------------------
Notional Principal Balance:
(K) Beginning 15,451,771.80
-----------------
(L) Ending 13,119,703.27
-----------------
(M) Certificate Factor 7.9201118% 100.0000000% 26.9182559%
--------------------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
-----------------
(A) Cash Wired 4,106,894.49
-----------------
(B) Interest Wired/Earned 11,249.96
-----------------
(C) Withdrawal from Payahead Account 9,482.51
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 31,950.44
-----------------
(F) Gross Charge-Off Recoveries 12,096.96
-----------------
(G) Gross Charge-Off Advances 12,714.34
-----------------
(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 4,184,388.70
-----------------
C. TRUSTEE DISTRIBUTION
Total
-----------------
(A) Total Cash Flow 4,184,388.70
-----------------
(B) Unrecovered Interest Advances 12,637.06
-----------------
(C) Servicing Fee (Due and Unpaid) 59,804.11
-----------------
(D) Interest to "A-1" Certificate Holders,
including Overdue 102,311.78
-----------------
(E) Interest to "A-2" Certificate Holders,
including Overdue 286,917.56
-----------------
(F) Interest to "I" Certificate Holders,
including Overdue 40,560.90
-----------------
(G) Principal to "A-1" Certificate Holders,
including Overdue 3,601,178.82
-----------------
(H) Principal to "A-2" Certificate Holders,
including Overdue 0.00
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 8,970.62
-----------------
(K) First Loss Protection 0.00
-----------------------
(L) Surety Bond Premium 8,970.62
-----------------------
(M) Interest Advance Recovery Payments 34,444.82
-----------------
(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: February 28, 1999
<TABLE>
<CAPTION>
<S> <C>
(R) Bank Account Interest to Servicer 11,249.96
-----------------
(S) Excess Yield 26,313.08
-----------------
BALANCE 0.00
-----------------
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
----------------------------------------
(A) Beginning Balance 3,232,963.02 69,121,493.86
----------------------------------------
(B) Additions to Spread Amount 26,313.08 N/A
----------------------------------------
(C) Interest Earned 9,515.73
----------------------------------------
(D) Draws 0.00 0.00
----------------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------------
(F) Distribution of Funds to "IC" Class
or Servicer 67,650.66 0.00
----------------------------------------
(G) Ending Balance 3,201,141.17 65,488,032.54
----------------------------------------
(H) Required Balance 3,165,312.36 65,488,032.54
----------------------------------------
(I) Distribution to "IC" Class 35,828.81
-----------------------
E. CURRENT RECEIVABLES DELINQUENCY
# Payment Delinquency Number Balance
--------------------- ---------------------------------------------
(A) 31-60 29 293,318.76
---------------------------------------------
(B) 61-90 18 216,964.29
---------------------------------------------
(C) 91+ 6 65,972.81
---------------------------------------------
(D) Total 53 576,255.86
---------------------------------------------
F. EXCESS YIELD
Excess Yield Balance Pool Excess Yield
Month Balance (Annualized %)
----- --------------------------------------------------------------
(A) Current 26,313.08 68,163,750.56 0.4632%
--------------------------------------------------------------
(B) 1st Previous 56,815.80 71,764,929.38 0.9500%
--------------------------------------------------------------
(C) 2nd Previous 254,395.50 75,891,072.78 4.0225%
--------------------------------------------------------------
(D) 3rd Previous 145,771.11 80,033,853.14 2.1856%
--------------------------------------------------------------
(E) 4th Previous 232,975.37 84,674,433.84 3.3017%
--------------------------------------------------------------
(F) 5th Previous 181,861.21 89,403,377.72 2.4410%
--------------------------------------------------------------
(G) Six-Month Rolling Excess Yield
(greater than or = 1.75%) 149,688.68 78,321,902.90 2.2934%
--------------------------------------------------------------
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
----- --------------------------------------------------------------
(A) Current 576,255.86 68,163,750.56 0.8454%
--------------------------------------------------------------
(B) 1st Previous 613,289.79 71,764,929.38 0.8546%
--------------------------------------------------------------
(C) 2nd Previous 482,266.15 75,891,072.78 0.6355%
--------------------------------------------------------------
(D) Three-Month Rolling Average
(less than 2%) 557,270.60 71,939,917.57 0.7746%
--------------------------------------------------------------
H. NET LOSS RATE
Liquidation Average Excess Yield
Month Balance Proceeds Balance (Annualized %)
----- -------------------------------------------------------------------------------
(A) Current 202,287.18 54,904.94 69,964,339.97 2.5278%
-------------------------------------------------------------------------------
(B) 1st Previous 202,823.28 91,893.03 73,828,001.08 1.8031%
-------------------------------------------------------------------------------
(C) 2nd Previous 306,311.47 128,171.24 77,962,462.96 2.7419%
-------------------------------------------------------------------------------
(D) Three-Month Rolling Average
Net Default Rate (less than 3%) 237,140.64 91,656.40 73,918,268.00 2.3618%
-------------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: February 28, 1999
<TABLE>
<CAPTION>
<S> <C>
I. CHARGE-OFF / RECOVERIES
Number Balance
---------------------------------------------
(A) Collection Period Charge-Off
Receivables 25 159,479.20
---------------------------------------------
(B) Gross Charge-Offs Cumulative
Receivables 922 6,550,726.61
---------------------------------------------
(C) Collection Period Recoveries
on Charge-Offs NA 12,096.96
---------------------------------------------
(D) Recoveries on Charge-Offs
To-Date NA 750,476.45
---------------------------------------------
J. REPOSSESSIONS
(A) Collection Period Repossessions 17 242,834.73
---------------------------------------------
(B) Aggregate Repossessions 595 6,949,887.77
---------------------------------------------
(C) Unliquidated Repossessions 17 242,834.73
---------------------------------------------
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 326,104.41
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 9,482.51
----------------------
(D) Ending Balance 316,621.90
----------------------
</TABLE>
Approved By: /s/ Michael A. Benavides
------------------------
Michael A. Benavides
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
For Remittance Date: January 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 23,645,083.78 52,245,989.00 75,891,072.78 8516
--------------------------------------------------------------------
(C) Collections (Regular Payments) 2,190,998.83 0.00 2,190,998.83 N/A
--------------------------------------------------------------------
(D) Collections (Principal Payoffs) 1,739,027.33 0.00 1,739,027.33 350
--------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00
--------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 39,293.12 0.00 39,293.12 N/A
--------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0
--------------------------------------------------------------------
(H) Gross Charge Offs 137,514.26 0.00 137,514.26 26
--------------------------------------------------------------------
(I) Repurchases 19,309.86 0.00 19,309.86 16
--------------------------------------------------------------------
(J) Ending Balance 19,518,940.38 52,245,989.00 71,764,929.38 8124
--------------------------------------------------------------------
Notional Principal Balance:
(K) Beginning 18,200,792.25
-----------------
(L) Ending 15,451,771.80
-----------------
(M) Certificate Factor 9.7119303% 100.0000000% 28.3403821%
---------------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
-----------------
(A) Cash Wired 4,701,236.54
-----------------
(B) Interest Wired/Earned 13,978.82
-----------------
(C) Withdrawal from Payahead Account 39,293.12
-----------------
(D) Advances 0.00
-----------------
(E) Repurchases 19,309.86
-----------------
(F) Gross Charge-Off Recoveries 26,584.01
-----------------
(G) Gross Charge-Off Advances 11,271.24
-----------------
(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 4,811,673.59
-----------------
C. TRUSTEE DISTRIBUTION
Total
-----------------
(A) Total Cash Flow 4,811,673.59
-----------------
(B) Unrecovered Interest Advances 11,152.28
-----------------
(C) Servicing Fee (Due and Unpaid) 63,242.56
-----------------
(D) Interest to "A-1" Certificate Holders,
including Overdue 123,939.65
-----------------
(E) Interest to "A-2" Certificate Holders,
including Overdue 286,917.56
-----------------
(F) Interest to "I" Certificate Holders,
including Overdue 47,777.08
-----------------
(G) Principal to "A-1" Certificate Holders,
including Overdue 4,126,143.40
-----------------
(H) Principal to "A-2" Certificate Holders,
including Overdue 0.00
-----------------
(I) Reinsurance Fee 0.00
-----------------
(J) Surety Bond Fee 9,486.38
-----------------
(K) First Loss Protection 0.00
---------------
(L) Surety Bond Premium 9,486.38
---------------
(M) Interest Advance Recovery Payments 72,220.06
-----------------
(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: January 31, 1999
<TABLE>
<CAPTION>
<S> <C> <C>
(R) Bank Account Interest to Servicer 13,978.82
----------------
(S) Excess Yield 56,815.80
----------------
BALANCE 0.00
----------------
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
--------------------------------
(A) Beginning Balance 3,431,059.16 73,282,113.67
--------------------------------
(B) Additions to Spread Amount 56,815.80 N/A
--------------------------------
(C) Interest Earned 10,834.86
--------------------------------
(D) Draws 0.00 0.00
--------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
--------------------------------
(F) Distribution of Funds to "IC"
Class or Servicer 265,746.80 0.00
--------------------------------
(G) Ending Balance 3,232,963.02 69,121,493.86
--------------------------------
(H) Required Balance 3,165,312.36 69,121,493.86
--------------------------------
(I) Distribution to "IC" Class 67,650.66
---------------
E. CURRENT RECEIVABLES DELINQUENCY
# Payment Delinquency Number Balance
--------------------- ----------------------------------
(A) 31-60 41 390,402.39
----------------------------------
(B) 61-90 17 125,822.95
----------------------------------
(C) 91+ 11 95,064.45
----------------------------------
(D) Total 69 613,289.79
----------------------------------
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- --------------------------------------------------
(A) Current 56,815.80 71,764,929.38 0.9500%
--------------------------------------------------
(B) 1st Previous 254,395.50 75,891,072.78 4.0225%
--------------------------------------------------
(C) 2nd Previous 145,771.11 80,033,853.14 2.1856%
--------------------------------------------------
(D) 3rd Previous 232,975.37 84,674,433.84 3.3017%
--------------------------------------------------
(E) 4th Previous 181,861.21 89,403,377.72 2.4410%
--------------------------------------------------
(F) 5th Previous 176,842.63 94,550,507.02 2.2444%
--------------------------------------------------
(G) Six-Month Rolling Excess Yield
(less than or equal to 1.75%) 174,776.94 82,719,695.65 2.5355%
--------------------------------------------------
G. DELINQUENCY RATE (31+)
Month Pool
Month Balance Balance %
----- --------------------------------------------------
(A) Current 613,289.79 71,764,929.38 0.8546%
--------------------------------------------------
(B) 1st Previous 482,266.15 75,891,072.78 0.6355%
--------------------------------------------------
(C) 2nd Previous 569,063.63 80,033,853.14 0.7110%
--------------------------------------------------
(D) Three-Month Rolling Average
(greater than 2%) 554,873.19 75,896,618.43 0.7311%
--------------------------------------------------
H. NET LOSS RATE
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- ---------------------------------------------------------------------
(A) Current 202,823.28 91,893.03 73,828,001.08 1.8031%
---------------------------------------------------------------------
(B) 1st Previous 306,311.47 128,171.24 77,962,462.96 2.7419%
---------------------------------------------------------------------
(C) 2nd Previous 245,637.32 98,011.63 82,354,143.49 2.1511%
---------------------------------------------------------------------
(D) Three-Month Rolling Average
Net Default Rate (greater than 3%) 251,590.69 106,025.30 78,048,202.51 2.2381%
---------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
For Remittance Date: January 31, 1999
<TABLE>
<CAPTION>
<S> <C> <C>
I. CHARGE-OFF / RECOVERIES
Number Balance
---------------------------------------------
(A) Collection Period Charge-Off
Receivables 26 137,514.26
---------------------------------------------
(B) Gross Charge-Offs Cumulative
Receivables 897 6,391,247.41
---------------------------------------------
(C) Collection Period Recoveries
on Charge-Offs NA 26,584.01
---------------------------------------------
(D) Recoveries on Charge-Offs To-Date NA 738,379.49
---------------------------------------------
J. REPOSSESSIONS
(A) Collection Period Repossessions 6 62,431.84
---------------------------------------------
(B) Aggregate Repossessions 578 6,707,053.04
---------------------------------------------
(C) Unliquidated Repossessions 11 112,212.32
---------------------------------------------
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 365,397.53
----------------------
(B) Deposit 0.00
----------------------
(C) Withdrawal 39,293.12
----------------------
(D) Ending Balance 326,104.41
----------------------
</TABLE>
Approved By: /s/ Michael A. Benavides
------------------------
Michael A. Benavides
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: December 31, 1999
<TABLE>
<CAPTION>
A. PRINCIPAL BALANCE RECONCILIATION
Number
A-1 A-2 A-3 A-4 Total of
Accounts
<S> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------
(A) Original Principal Balance 42,750,000.00 97,000,000.00 55,000,000.00 52,023,107.00 246,773,107.00 17753
--------------------------------------------------------------------------------------
(B) Beginning Period Principal Balance 42,750,000.00 97,000,000.00 55,000,000.00 52,023,107.00 246,773,107.00 17753
--------------------------------------------------------------------------------------
(C) Collections (Regular Payments) 4,512,605.73 0.00 0.00 0.00 4,512,605.73 N/A
--------------------------------------------------------------------------------------
(D) Collections (Principal Payoffs) 4,116,127.31 0.00 0.00 0.00 4,116,127.31 309
--------------------------------------------------------------------------------------
(E) Collections (Principal Recoveries) 0.00 0.00 0.00 0.00 0.00 N/A
--------------------------------------------------------------------------------------
(F) Withdrawal from Payahead (Principal) 0.00 0.00 0.00 0.00 0.00 N/A
--------------------------------------------------------------------------------------
(G) Principal Reductions (Other) 0.00 0.00 0.00 0.00 0.00 N/A
--------------------------------------------------------------------------------------
(H) Gross Charge Offs 7,855.99 0.00 0.00 0.00 7,855.99 1
--------------------------------------------------------------------------------------
(I) Repurchases 0.00 0.00 0.00 0.00 0.00 0
--------------------------------------------------------------------------------------
(J) Ending Balance 34,113,410.97 97,000,000.00 55,000,000.00 52,023,107.00 238,136,517.97 17443
--------------------------------------------------------------------------------------
Notional Principal Balance:
----------------
(K) Beginning 184,645,581.57
----------------
(L) Ending 176,016,848.30
----------------
-----------------------------------------------------------------------------
(M) Certificate Factor 79.7974526% 100.000000% 100.000000% 100.000000% 96.5001903%
-----------------------------------------------------------------------------
B. CASH FLOW RECONCILIATION
Total
----------------
(A) Cash Wired 11,021,282.87
----------------
(B) Interest Wired/Earned 0.00
----------------
(C) Withdrawal from Payahead Account 0.00
----------------
(D) Advances 336,014.58
----------------
(E) Repurchases 0.00
----------------
(F) Gross Charge-Off Recoveries 0.00
----------------
(G) Gross Charge-Off Advances 2,462.48
----------------
(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
----------------
(L) "A" Surety Bond Draw for "A-3" Principal or Interest 0.00
----------------
(M) "A" Surety Bond Draw for "A-4" Principal or Interest 0.00
----------------
----------------
TOTAL COLLECTIONS 11,359,759.93
----------------
C. TRUSTEE DISTRIBUTION
Total
----------------
(A) Total Cash Flow 11,359,759.93
----------------
(B) Unrecovered Interest Advances 2,462.48
----------------
(C) Servicing Fee (Due and Unpaid) 89,554.76
----------------
(D) Interest to "A-1" Certificate Holders, including Overdue 254,741.55
----------------
(E) Interest to "A-2" Certificate Holders, including Overdue 556,133.33
----------------
(F) Interest to "A-3" Certificate Holders, including Overdue 316,708.33
----------------
(G) Interest to "A-4" Certificate Holders, including Overdue 306,502.81
----------------
(H) Interest to "I" Certificate Holders, including Overdue 230,806.98
----------------
(I) Principal to "A-1" Certificate Holders, including Overdue 8,636,589.03
----------------
(J) Principal to "A-2" Certificate Holders, including Overdue 0.00
----------------
(K) Principal to "A-3" Certificate Holders, including Overdue 0.00
----------------
(L) Principal to "A-4" Certificate Holders, including Overdue 0.00
----------------
(M) Reinsurance Fee 0.00
----------------
(N) Surety Bond Fee 63,578.35
----------------------------
(O) First Loss Protection 15,594.69
-------------
(P) Surety Bond Premium 47,983.66
----------------------------
(Q) Interest Advance Recovery Payments 0.00
----------------
</TABLE>
Page 3
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: December 31, 1999
<TABLE>
----------------
<S> <C> <C> <C>
(R) Unreimbursed Draws on Class "A" Surety Bond for Class "A-1" Interest 0.00
----------------
(S) Unreimbursed Draws on Class "A" Surety Bond for Class "A-2" Interest 0.00
----------------
(T) Unreimbursed Draws on Class "A" Surety Bond for Class "A-3" Interest 0.00
----------------
(U) Unreimbursed Draws on Class "A" Surety Bond for Class "A-4" Interest 0.00
----------------
(V) Unreimbursed Draws on Class "A" Surety Bond for Class "I" Interest 0.00
----------------
(W) Deposit to Payahead 225,830.18
----------------
(X) Bank Account Interest to Servicer 0.00
----------------
(Y) Excess Yield 676,852.13
----------------
----------------
BALANCE 0.00
----------------
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
---------------- ---------------
(A) Beginning Balance 0.00 246,773,107.00
---------------- ---------------
(B) Additions to Spread Amount 676,852.13 N/A
---------------- ---------------
(C) Interest Earned 0.00 N/A
---------------- ---------------
(D) Draws 0.00 0.00
---------------- ---------------
(E) Reimbursement for Prior Draws N/A 0.00
---------------- ---------------
(F) Distribution of Funds to "IC" Class or Servicer N/A 0.00
---------------- ---------------
(G) Prior Month Distribution of Funds to "IC" Class 0.00 N/A
---------------- ---------------
(H) Ending Balance 676,852.13 239,955,644.16
---------------- ---------------
---------------- ----------------
(I) Required Balance 9,253,991.51 239,955,644.16
----------------
(J) Distribution to "IC" Class 0.00
----------------
E. CURRENT RECEIVABLES DELINQUENCY
#Payment Delinquency Number Balance
-------------------- ------------- ----------------
(A) 31-60 78 939,525.21
------------- ----------------
(B) 61-90 1 19,251.94
------------- ----------------
(C) 91+ 0 0.00
------------- ----------------
(D) Total 79 958,777.15
------------- ----------------
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- ------------- ---------------- ----------------
(A) Current 676,852.13 238,136,517.97 3.4107%
------------- ---------------- ----------------
(B) 1st Previous 0.00 0.00 0.0000%
------------- ---------------- ----------------
(C) 2nd Previous 0.00 0.00 0.0000%
------------- ---------------- ----------------
(D) 3rd Previous 0.00 0.00 0.0000%
------------- ---------------- ----------------
(E) Four-Month Rolling Excess Yield 169,213.03 59,534,129.49 3.4107%
------------- ---------------- ----------------
G. DELINQUENCY RATE (30+)
Month Pool
Month Balance Balance %
----- ------------- ---------------- ----------------
(A) Current 958,777.15 238,136,517.97 0.4026%
------------- ---------------- ----------------
(B) 1st Previous 0.00 0.00 0.0000%
------------- ---------------- ----------------
(C) 2nd Previous 0.00 0.00 0.0000%
------------- ---------------- ----------------
(D) 3rd Previous 0.00 0.00 0.0000%
------------- ---------------- ----------------
(E) Four-Month Rolling Average 239,694.29 59,534,129.49 0.4026%
------------- ---------------- ----------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: December 31, 1999
H. NET LOSS RATE
<TABLE>
<CAPTION>
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- ----------- ----------- --------------- ----------
<S> <C> <C> <C> <C>
(A) Current 22,625.72 14,769.73 119,068,259.00 0.0792%
----------- ----------- --------------- ----------
(B) 1st Previous 0.00 0.00 0.00 0.0000%
----------- ----------- --------------- ----------
(C) 2nd Previous 0.00 0.00 0.00 0.0000%
----------- ----------- --------------- ----------
(D) Three-Month Rolling Average 7,541.91 4,923.24 39,689,419.67 0.0792%
----------- ----------- --------------- ----------
I. CHARGE-OFF / RECOVERIES
Number Balance
----------- -----------
(A) Collection Period Charge-Off Receivables 1 7,855.99
----------- -----------
(B) Gross Charge-Offs Cumulative Receivables 1 7,855.99
----------- -----------
(C) Collection Period Recoveries on Charge-Offs NA 0.00
----------- -----------
(D) Recoveries on Charge-Offs To-Date NA 0.00
----------- -----------
J. REPOSSESSIONS
----------- -----------
(A) Collection Period Repossessions 11 174,831.83
----------- -----------
(B) Aggregate Repossessions 11 174,831.83
----------- -----------
(C) Unliquidated Repossessions 11 174,831.83
----------- -----------
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 0.00
-----------
(B) Deposit 225,830.18
-----------
(C) Withdrawal 0.00
-----------
(D) Ending Balance 225,830.18
-----------
</TABLE>
Approved By: /s/ Michael LaOrange
---------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
<PAGE>
EXHIBIT 99.2
Independent Accountants' Report
-------------------------------
The Board of Directors:
Bay View Acceptance Corporation
We have examined management's assertion about Bay View Acceptance Corporation's
(BVAC) compliance with the minimum servicing standards set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers, except for minimum servicing standards I.1 through I.4, III.3, III.4,
and V.2 through V.4, which BVAC has interpreted as being inapplicable to the
servicing obligations set forth in the Bay View 1997 RA-1 Auto Trust Pooling and
Servicing Agreement dated January 29, 1997 and the Bay View LG-1 Auto Trust
Pooling and Servicing agreement dated December 14, 1999, as of and for the year
ended December 31, 1999, included in the accompanying Management Assertion
Report. Management is responsible for BVAC's compliance with those minimum
servicing standards. Our responsibility is to express an opinion on
management's assertion about the Company's compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about BVAC's compliance with the minimum
servicing standards and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on BVAC's compliance with the minimum servicing standards.
In our opinion, management's assertion that BVAC has complied in all material
respects with the aforementioned minimum servicing standards as of and for the
year ended December 31, 1999 is fairly stated, in all material respects.
/s/ KPMG LLP
San Francisco, California
February 9, 2000
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