<PAGE>
 
                                                                    EXHIBIT 99.1

                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  December 31, 1998


<TABLE>
<CAPTION>
A.  PRINCIPAL BALANCE RECONCILIATION
                                                                                                                NUMBER OF ACCOUNTS
                                                         A-1                    A-2                TOTAL
<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                27,787,864.14          52,245,989.00    80,033,853.14                 8866
                                              -----------------------------------------------------------------------------------
(C)  Collections (Regular Payments)                     2,405,335.71                   0.00     2,405,335.71                  N/A
                                              -----------------------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                    1,457,714.72                   0.00     1,457,714.72                  296
                                              -----------------------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                         0.00                   0.00             0.00
                                              -----------------------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                   7,534.57                   0.00         7,534.57                  N/A
                                              -----------------------------------------------------------------------------------
(G)  Principal Reductions (Other)                               0.00                   0.00             0.00                    0
                                              -----------------------------------------------------------------------------------
(H)  Gross Charge Offs                                    242,046.15                   0.00       242,046.15                   32
                                              -----------------------------------------------------------------------------------
(I)  Repurchases                                           30,149.21                   0.00        30,149.21                   22
                                              -----------------------------------------------------------------------------------
(J)  Ending Balance                                    23,645,083.78          52,245,989.00    75,891,072.78                 8516
                                              -----------------------------------------------------------------------------------
                                            
Notional Principal Balance:             
(K)  Beginning                                                                                 21,747,083.75
                                                                                           -----------------
(L)  Ending                                                                                    18,200,792.25
                                                                                           -----------------
                                            
(M)  Certificate Factor                                   11.7649524%           100.0000000%      29.9698198%
                                              --------------------------------------------------------------
                                            
                                            
B.  CASH FLOW RECONCILIATION                
                                                                                                  TOTAL
(A)  Cash Wired                                                                                 4,812,340.50
                                                                                           -----------------
(B)  Interest Wired/Earned                                                                         15,203.48
                                                                                           -----------------
(C)  Withdrawal from Payahead Account                                                               7,534.57
                                                                                           -----------------
(D)  Advances                                                                                      49,349.95
                                                                                           -----------------
(E)  Repurchases                                                                                   30,149.21
                                                                                           -----------------
(F)  Gross Charge-Off Recoveries                                                                   63,905.92
                                                                                           -----------------
(G)  Gross Charge-Off Advances                                                                      7,158.86
                                                                                           -----------------
(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                                                                  4,985,642.49
                                                                                           -----------------
                                            
                                            
C.  TRUSTEE DISTRIBUTION                    
                                                                                                  TOTAL
(A)  Total Cash Flow                                                                            4,985,642.49
                                                                                           -----------------
(B)  Unrecovered Interest Advances                                                                  6,905.67
                                                                                           -----------------
(C)  Servicing Fee (Due and Unpaid)                                                                66,694.88
                                                                                           -----------------
(D)  Interest to "A-1" Certificate          
     Holders, including Overdue                                                                   145,654.72
                                                                                           -----------------
(E)  Interest to "A-2" Certificate          
     Holders, including Overdue                                                                   286,917.56
                                                                                           -----------------
(F)  Interest to "I" Certificate            
     Holders, including Overdue                                                                    57,086.09
                                                                                           -----------------
                                            
(G)  Principal to "A-1" Certificate         
     Holders, including Overdue                                                                 4,142,780.36
(H)  Principal to "A-2" Certificate         
     Holders, including Overdue                                                                         0.00
                                                                                           -----------------
(I)  Reinsurance Fee                                                                                    0.00
                                                                                           -----------------
(J)  Surety Bond Fee                                                                               10,004.23
                                                                                           -----------------
(K)  First Loss Protection                                                             0.00
                                                                    -----------------------
(L)  Surety Bond Premium                                                          10,004.23
                                                                    -----------------------
(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>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  December 31, 1998


<TABLE>
<CAPTION>
<S>                                                                                               <C> 
    (R)  Bank Account Interest to Servicer                                                        15,203.48
                                                                                          -----------------
    (S)  Excess Yield                                                                            254,395.50
                                                                                          -----------------

             BALANCE                                                                                   0.00
                                                                                          -----------------

D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                           SPREAD ACCOUNT       SURETY BOND
(A)  Beginning Balance                                                        3,323,290.16    77,462,664.10
                                                                   ----------------------------------------
(B)  Additions to Spread Amount                                                 254,395.50              N/A
                                                                   ----------------------------------------
(C)  Interest Earned                                                             11,351.30
                                                                   ----------------------------------------
(D)  Draws                                                                            0.00             0.00
                                                                   ----------------------------------------
(E)  Reimbursement for Prior Draws                                                     N/A             0.00
                                                                   ----------------------------------------
(F)  Distribution of Funds to  "IC" Class
     or Servicer                                                                157,977.80             0.00
                                                                   ----------------------------------------
(G)  Ending Balance                                                           3,431,059.16    73,282,113.67
                                                                   ----------------------------------------

(H)  Required Balance                                                         3,165,312.36    73,282,113.67
                                                                   ----------------------------------------
(I)  Distribution to "IC" Class                                                 265,746.80
                                                                   -----------------------


E.  CURRENT RECEIVABLES DELINQUENCY
      #PAYMENT DELINQUENCY                                  NUMBER                BALANCE
-------------------------------------------------
(A)  31-60                                                       38             262,695.37
                                                 -----------------------------------------
(B)  61-90                                                       21             153,460.41
                                                 -----------------------------------------
(C)  91+                                                          6              66,110.37
                                                 -----------------------------------------
(D)  Total                                                       65             482,266.15
                                                 -----------------------------------------


F.  EXCESS YIELD
                                                      EXCESS YIELD                POOL            EXCESS YIELD
                     MONTH                               BALANCE                BALANCE          (ANNUALIZED %)
-------------------------------------------------
(A)  Current                                             254,395.50          75,891,072.78           4.0225%
                                                 ----------------------------------------------------------
(B)  1st Previous                                        145,771.11          80,033,853.14           2.1856%
                                                 ----------------------------------------------------------
(C)  2nd Previous                                        232,975.37          84,674,433.84           3.3017%
                                                 ----------------------------------------------------------
(D)  3rd Previous                                        181,861.21          89,403,377.72           2.4410%
                                                 ----------------------------------------------------------
(E)  4th Previous                                        176,842.63          94,550,507.02           2.2444%
                                                 ----------------------------------------------------------
(F)  5th Previous                                        175,493.75          99,745,602.06           2.1113%
                                                 ----------------------------------------------------------
(G)  Six-Month Rolling Excess Yield
     (greater than equal to 1.75%)                       194,556.60          87,383,141.09           2.6718%
                                                 ----------------------------------------------------------


G.  DELINQUENCY RATE (31+)
                                                         MONTH                   POOL
                        MONTH                           BALANCE                BALANCE                %
-------------------------------------------------
(A)  Current                                             482,266.15          75,891,072.78           0.6355%
                                                 ----------------------------------------------------------
(B)  1st Previous                                        569,063.63          80,033,853.14           0.7110%
                                                 ----------------------------------------------------------
(C)  2nd Previous                                        524,455.89          84,674,433.84           0.6194%
                                                 ----------------------------------------------------------
(D)  Three-Month Rolling Average 
     (less than 2%)                                      525,261.89          80,199,786.59           0.6549%
                                                 ----------------------------------------------------------


H.  NET LOSS RATE
                                                                               LIQUIDATION     AVERAGE          DEFAULTED
                       MONTH                              BALANCE                PROCEEDS      BALANCE          (ANNUALIZED)
-------------------------------------------------
(A)  Current                                             306,311.47             128,171.24    77,962,462.96               2.7419%
                                                 -------------------------------------------------------------------------------
(B)  1st Previous                                        245,637.32              98,011.63    82,354,143.49               2.1511%
                                                 -------------------------------------------------------------------------------
(C)  2nd Previous                                        249,486.65             108,620.99    87,038,905.78               1.9421%
                                                 -------------------------------------------------------------------------------
(D)  Three-Month Rolling Average Net
     Default Rate less than 3%                           267,145.15             111,601.29    82,451,837.41               2.2638%
                                                 -------------------------------------------------------------------------------

</TABLE> 
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  December 31, 1998
<TABLE> 
<CAPTION> 
<S>                                                                 <C>                   <C> 
I.  CHARGE-OFF / RECOVERIES
                                                                    NUMBER                BALANCE
(A)  Collection Period Charge-Off Receivables                                  32             242,046.15
                                                           ---------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                 871           6,253,733.15
                                                           ---------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                               NA              63,905.92
                                                           ---------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                         NA             711,795.48
                                                           ---------------------------------------------



J. REPOSSESSIONS

(A)  Collection Period Repossessions                                           12             103,374.90
                                                           ---------------------------------------------
(B)  Aggregate Repossessions                                                  572           6,644,621.20
                                                           ---------------------------------------------
(C)  Unliquidated Repossessions                                                16             144,750.23
                                                           ---------------------------------------------


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                                                 372,932.10
                                                           ----------------------
(B)  Deposit                                                                 0.00
                                                           ----------------------
(C)  Withdrawal                                                          7,534.57
                                                           ----------------------
(D)  Ending Balance                                                    365,397.53
                                                           ----------------------

</TABLE>



Approved By:   /s/ Michael A. Benavides
               ------------------------
               Michael A. Benavides
               Vice President, Controller
               Bay View Credit
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  November 30, 1998


<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                  32,428,444.84          52,245,989.00    84,674,433.84                 9282
                                                  ---------------------------------------------------------------------------------
(C)  Collections (Regular Payments)                       2,426,991.85                   0.00     2,426,991.85                  N/A
                                                  ---------------------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                      1,960,421.86                   0.00     1,960,421.86                  367
                                                  ---------------------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                           0.00                   0.00             0.00
                                                  ---------------------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                    44,365.96                   0.00        44,365.96                  N/A
                                                  ---------------------------------------------------------------------------------
(G)  Principal Reductions (Other)                                 0.00                   0.00             0.00                    0
                                                  ---------------------------------------------------------------------------------
(H)  Gross Charge Offs                                      174,714.73                   0.00       174,714.73                   23
                                                  ---------------------------------------------------------------------------------
(I)  Repurchases                                             34,086.30                   0.00        34,086.30                   26
                                                  ---------------------------------------------------------------------------------
(J)  Ending Balance                                      27,787,864.14          52,245,989.00    80,033,853.14                 8866
                                                  --------------------------------------------------------------------------------- 

                                                  
Notional Principal Balance:                   
(K)  Beginning                                                                                   25,396,054.12
                                                                                             -----------------
(L)  Ending                                                                                      21,747,083.75
                                                                                             -----------------
(M)  Certificate Factor                                     13.8262526%           100.0000000%      31.6058275%
                                                  ------------------------------------------------------------
 
B.  CASH FLOW RECONCILIATION
                                                                                                               TOTAL
                                                                                                        ----------------- 
(A)  Cash Wired                                                                                              5,323,658.08
                                                                                                        ----------------- 
(B)  Interest Wired/Earned                                                                                      15,989.72
                                                                                                        -----------------
(C)  Withdrawal from Payahead Account                                                                           44,365.96
                                                                                                        -----------------
(D)  Advances                                                                                                        0.00
                                                                                                        -----------------
(E)  Repurchases                                                                                                34,086.30
                                                                                                        -----------------
(F)  Gross Charge-Off Recoveries                                                                                27,089.04
                                                                                                        -----------------
(G)  Gross Charge-Off Advances                                                                                   9,500.12
                                                                                                        -----------------
(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                                                                               5,454,689.22
                                                                                                        -----------------
 
C.  TRUSTEE DISTRIBUTION
                                                                                                               TOTAL
                                                                                                        ----------------- 
(A)  Total Cash Flow                                                                                         5,454,689.22
                                                                                                        -----------------
(B)  Unrecovered Interest Advances                                                                               9,386.70
                                                                                                        -----------------
(C)  Servicing Fee (Due and Unpaid)                                                                             70,562.03
                                                                                                        -----------------
(D)  Interest to "A-1" Certificate Holders, including Overdue                                                  169,979.10
                                                                                                        -----------------
(E)  Interest to "A-2" Certificate Holders, including Overdue                                                  286,917.56
                                                                                                        -----------------
(F)  Interest to "I" Certificate Holders, including Overdue                                                     66,664.64
                                                                                                        -----------------
(G)  Principal to "A-1" Certificate Holders, including Overdue                                               4,640,580.70
                                                                                                        ----------------- 
(H)  Principal to "A-2" Certificate Holders, including Overdue                                                       0.00
                                                                                                        -----------------
(I)  Reinsurance Fee                                                                                                 0.00
                                                                                                        -----------------
(J)  Surety Bond Fee                                                                                            10,584.30
                                                                                                        -----------------
(K)        First Loss Protection                                                                    0.00
                                                                                 -----------------------
(L)        Surety Bond Premium                                                                 10,584.30
                                                                                 -----------------------
(M)  Interest Advance Recovery Payments                                                                         38,253.36
                                                                                                        -----------------
(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>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  November 30, 1998
<TABLE> 
<CAPTION> 
<S>                                                             <C>                     <C>             <C>  
    (R)  Bank Account Interest to Servicer                                                                      15,989.72
                                                                                                        -----------------
    (S)  Excess Yield                                                                                          145,771.11
                                                                                                        -----------------
 
             BALANCE                                                                                                 0.00
                                                                                                        -----------------
 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                                       SPREAD ACCOUNT       SURETY BOND
                                                                                 ----------------------------------------
(A)  Beginning Balance                                                                      3,600,086.02    81,954,502.30
                                                                                 ----------------------------------------
(B)  Additions to Spread Amount                                                               145,771.11              N/A
                                                                                 ----------------------------------------
(C)  Interest Earned                                                                           12,206.69
                                                                                 ----------------------------------------
(D)  Draws                                                                                          0.00             0.00
                                                                                 ----------------------------------------
(E)  Reimbursement for Prior Draws                                                                   N/A             0.00
                                                                                 ----------------------------------------
(F)  Distribution of Funds to  "IC" Class or Servicer                                         434,773.66             0.00
                                                                                 ----------------------------------------
(G)  Ending Balance                                                                         3,323,290.16    77,462,664.10
                                                                                 ----------------------------------------
 
(H)  Required Balance                                                                       3,165,312.36    77,462,664.10
                                                                                 ----------------------------------------
(I)  Distribution to "IC" Class                                                               157,977.80
                                                                                 -----------------------
 
 
E.  CURRENT RECEIVABLES DELINQUENCY
                   #PAYMENT DELINQUENCY                             NUMBER                BALANCE
                   --------------------                    ---------------------------------------------

(A)  31-60                                                                     38             283,749.66
                                                           ---------------------------------------------
(B)  61-90                                                                     22             206,988.28
                                                           ---------------------------------------------
(C)  91+                                                                       11              78,325.69
                                                           ---------------------------------------------
(D)  Total                                                                     71             569,063.63
                                                           ---------------------------------------------
 
 
F.  EXCESS YIELD
                                                                                             POOL            EXCESS YIELD
                          MONTH                              EXCESS YIELD BALANCE           BALANCE          (ANNUALIZED %)
                          -----                            --------------------------------------------------------------
(A)  Current                                                           145,771.11          80,033,853.14           2.1856%
                                                           --------------------------------------------------------------
(B)  1st Previous                                                      232,975.37          84,674,433.84           3.3017%
                                                           --------------------------------------------------------------
(C)  2nd Previous                                                      181,861.21          89,403,377.72           2.4410%
                                                           --------------------------------------------------------------
(D)  3rd Previous                                                      176,842.63          94,550,507.02           2.2444%
                                                           --------------------------------------------------------------
(E)  4th Previous                                                      175,493.75          99,745,602.06           2.1113%
                                                           --------------------------------------------------------------
(F)  5th Previous                                                       61,129.42         105,557,334.06           0.6949%
                                                           --------------------------------------------------------------
(G)  Six-Month Rolling Excess Yield (greater than or=1.75%)            162,345.58          92,327,517.97           2.1100%
                                                           --------------------------------------------------------------
 
 
G.  DELINQUENCY RATE (31+)
                                                                                                                   
                                                                    MONTH                   POOL                   
                        MONTH                                      BALANCE                BALANCE                % 
                        -----                              --------------------------------------------------------------
(A)  Current                                                           569,063.63          80,033,853.14           0.7110%
                                                           --------------------------------------------------------------
(B)  1st Previous                                                      524,455.89          84,674,433.84           0.6194%
                                                           --------------------------------------------------------------
(C)  2nd Previous                                                      561,875.38          89,403,377.72           0.6285%
                                                           --------------------------------------------------------------
(D)  Three-Month Rolling Average (less than 2%)                        551,798.30          84,703,888.23           0.6514%
                                                           --------------------------------------------------------------
 
 
H.  NET LOSS RATE
                                                                               LIQUIDATION         AVERAGE            DEFAULTED
                      MONTH                             BALANCE                  PROCEEDS          BALANCE          (ANNUALIZED)
                      -----                           ----------------------------------------------------------------------------- 
(A)  Current                                                245,637.32              98,011.63    82,354,143.49               2.1511%
                                                      ----------------------------------------------------------------------------- 
(B)  1st Previous                                           249,486.65             108,620.99    87,038,905.78               1.9421%
                                                      -----------------------------------------------------------------------------
(C)  2nd Previous                                           251,575.92             119,625.31    91,976,942.37               1.7215%
                                                      -----------------------------------------------------------------------------
(D)  Three-Month Rolling Average                                                                                                    
     Net Default Rate less than 3%                          248,899.96             108,752.64    87,123,330.55               1.9303%
                                                      ----------------------------------------------------------------------------- 
</TABLE> 
 

<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  November 30, 1998
 
I.  CHARGE-OFF / RECOVERIES

<TABLE> 
<CAPTION> 

                                                                    NUMBER                BALANCE
                                                           ---------------------------------------------
<S>                                                        <C>                          <C> 
(A)  Collection Period Charge-Off Receivables                                  23             174,714.73
                                                           ---------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                 839           6,011,687.00
                                                           ---------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                               NA              27,089.04
                                                           ---------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                         NA             647,889.56
                                                           ---------------------------------------------
 
 
 
J. REPOSSESSIONS
 
(A)  Collection Period Repossessions                                           17             172,663.76
                                                           ---------------------------------------------
(B)  Aggregate Repossessions                                                  560           6,541,246.30
                                                           ---------------------------------------------
(C)  Unliquidated Repossessions                                                18             186,074.05
                                                           ---------------------------------------------
 
 
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                                                 417,298.06
                                                           ----------------------
(B)  Deposit                                                                 0.00
                                                           ----------------------
(C)  Withdrawal                                                         44,365.96
                                                           ----------------------
(D)  Ending Balance                                                    372,932.10
                                                           ----------------------
 
</TABLE>



Approved By:  /s/ Michael A. Benavides
              ------------------------
              Michael A. Benavides
              Vice President, Controller
              Bay View Credit



<PAGE>
 
                                                                    EXHIBIT 99.1
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  October 31, 1998

<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         37,157,388.72          52,245,989.00    89,403,377.72             9698
                                                   -----------------------------------------------------------------------
    (C)  Collections (Regular Payments)              2,543,044.43                   0.00     2,543,044.43              N/A
                                                   -----------------------------------------------------------------------
    (D)  Collections (Principal Payoffs)             1,974,159.36                   0.00     1,974,159.36              366
                                                   -----------------------------------------------------------------------
    (E)  Collections (Principal Recoveries)                  0.00                   0.00             0.00         
                                                   -----------------------------------------------------------------------
    (F)  Withdrawal from Payahead (Principal)            7,380.25                   0.00         7,380.25              N/A
                                                   -----------------------------------------------------------------------
    (G)  Principal Reductions (Other)                        0.00                   0.00             0.00                0
                                                   -----------------------------------------------------------------------
    (H)  Gross Charge Offs                             181,465.68                   0.00       181,465.68               23
                                                   -----------------------------------------------------------------------
    (I)  Repurchases                                    22,894.16                   0.00        22,894.16               27
                                                   -----------------------------------------------------------------------
    (J)  Ending Balance                             32,428,444.84          52,245,989.00    84,674,433.84             9282
                                                   ----------------------------------------------------------------------- 
 
    Notional Principal Balance:

    (K)  Beginning                                                                          29,145,945.77
                                                                                            -------------
    (L)  Ending                                                                             25,396,054.12
                                                                                            -------------
    (M)  Certificate Factor                            16.1352404%           100.0000000%      33.4384194%
                                                   ----------------------------------------------------------------------- 
 
 
B.  CASH FLOW RECONCILIATION
                                                                                                Total
                                                                                             ------------ 
    (A)  Cash Wired                                                                          5,532,559.78
                                                                                             ------------ 
    (B)  Interest Wired/Earned                                                                  18,548.80
                                                                                             ------------
    (C)  Withdrawal from Payahead Account                                                        7,380.25
                                                                                             ------------
    (D)  Advances                                                                                2,300.18
                                                                                             ------------
    (E)  Repurchases                                                                            22,894.16
                                                                                             ------------
    (F)  Gross Charge-Off Recoveries                                                            40,600.02
                                                                                             ------------
    (G)  Gross Charge-Off Advances                                                               4,267.08
                                                                                             ------------
    (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                                                           5,628,550.27
                                                                                             ------------
 
 
C.  TRUSTEE DISTRIBUTION
                                                                                                Total
                                                                                             ------------      
    (A)  Total Cash Flow                                                                     5,628,550.27
                                                                                             ------------ 
    (B)  Unrecovered Interest Advances                                                           4,211.67
                                                                                             ------------
    (C)  Servicing Fee (Due and Unpaid)                                                         74,502.81
                                                                                             ------------
    (D)  Interest to "A-1" Certificate Holders, including Overdue                              194,766.65
                                                                                             ------------
    (E)  Interest to "A-2" Certificate Holders, including Overdue                              286,917.56
                                                                                             ------------
    (F)  Interest to "I" Certificate Holders, including Overdue                                 76,508.11
                                                                                             ------------
    (G)  Principal to "A-1" Certificate Holders, including Overdue                           4,728,943.88
                                                                                             ------------
    (H)  Principal to "A-2" Certificate Holders, including Overdue                                   0.00
                                                                                             ------------
    (I)  Reinsurance Fee                                                                             0.00
                                                                                             ------------
    (J)  Surety Bond Fee                                                                        11,175.42
                                                                                             ------------ 
    (K)  First Loss Protection                                                      0.00
                                                                            ------------  
    (L)  Surety Bond Premium                                                   11,175.42
                                                                            ------------  
    (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 1
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date: October 31, 1998 

<TABLE> 
<CAPTION> 
<S>                                          <C>                    <C>                <C>                     <C> 
    (R)  Bank Account Interest to Servicer                                                       18,548.80
                                                                                              ------------ 
    (S)  Excess Yield                                                                           232,975.37
                                                                                              ------------ 
         BALANCE                                                                                      0.00
                                                                                              ------------ 

 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                           Spread Account     Surety Bond
                                                                           ------------------------------- 
    (A)  Beginning Balance                                                   3,742,373.08    86,531,801.48
                                                                           -------------------------------
    (B)  Additions to Spread Amount                                            232,975.37              N/A
                                                                           -------------------------------
    (C)  Interest Earned                                                        14,483.99
                                                                           -------------------------------
    (D)  Draws                                                                       0.00             0.00
                                                                           -------------------------------
    (E)  Reimbursement for Prior Draws                                                N/A             0.00
                                                                           -------------------------------
    (F)  Distribution of Funds to "IC" Class or Servicer                       389,746.42             0.00
                                                                           -------------------------------
    (G)  Ending Balance                                                      3,600,086.02    81,954,502.30
                                                                           -------------------------------
    (H)  Required Balance                                                    3,165,312.36    81,954,502.30
                                                                           -------------------------------
    (I)  Distribution to "IC" Class                                            434,773.66
                                                                           -------------------------------
 
 
E.  CURRENT RECEIVABLES DELINQUENCY

           # Payment Delinquency                            Number              Balance
           ----------------------                  -------------------------------------- 
    (A)  31-60                                                  37             329,726.72
                                                   --------------------------------------
    (B)  61-90                                                  17             145,650.26
                                                   --------------------------------------
    (C)  91+                                                     5              49,078.91
                                                   --------------------------------------
    (D)  Total                                                  59             524,455.89
                                                   --------------------------------------
 

F.  EXCESS YIELD
                                                         Excess Yield          Pool          Excess Yield
                     Month                                  Balance           Balance        (Annualized %)
                     -----                               -------------------------------------------------
    (A)  Current                                           232,975.37       84,674,433.84           3.3017%
                                                         -------------------------------------------------
    (B)  1st Previous                                      181,861.21       89,403,377.72           2.4410%
                                                         -------------------------------------------------
    (C)  2nd Previous                                      176,842.63       94,550,507.02           2.2444%
                                                         -------------------------------------------------
    (D)  3rd Previous                                      175,493.75       99,745,602.06           2.1113% 
                                                         -------------------------------------------------
    (E)  4th Previous                                       61,129.42      105,557,334.06           0.6949% 
                                                         -------------------------------------------------
    (F)  5th Previous                                       42,428.84      112,037,334.99           0.4544% 
                                                         -------------------------------------------------
    (G)  Six-Month Rolling Excess Yield 
           (greater than or equal to 1.75%)                145,121.87       97,661,431.62           1.7832%
                                                         -------------------------------------------------
 

 
G.  DELINQUENCY RATE (31+)
                                                            Month              Pool
                      Month                                 Balance           Balance                 %
                                                         ----------------------------------------------------
    (A)  Current                                           524,445.89       84,674,433.84           0.6194%
                                                         ---------------------------------------------------
    (B)  1st Previous                                      561,875.38       89,403,377.72           0.6285%
                                                         ---------------------------------------------------
    (C)  2nd Previous                                      652,948.08       94,550,507.02           0.5848%
                                                         ---------------------------------------------------
    (D)  Three-Month Rolling Average (less than 2%)        546,426.45       89,542,772.86           0.6102%
                                                         ---------------------------------------------------
 
H.  NET LOSS RATE
                                                                          Liquidation        Average                 Defaulted
                      Month                                Balance          Proceeds         Balance                (Annualized)
                                                        -------------------------------------------------------------------------
    (A)  Current                                           249,466.65      108,620.99      87,038,905.78               1.9421%
                                                        ------------------------------------------------------------------------- 
    (B)  1st Previous                                      251,575.92      119,625.31      91,976,942.37               1.7215%
                                                        -------------------------------------------------------------------------
    (C)  2nd Previous                                      380,072.68      213,696.46      97,148,054.54               2.0551%
                                                        -------------------------------------------------------------------------
    (D)  Three-Month Rolling Average Net Default Rate 
           (less than 3%)                                  293,711.75      147,314.25      92,054,634.23               1.9084%
                                                        -------------------------------------------------------------------------
</TABLE> 
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  October 31, 1998

<TABLE> 
<CAPTION> 
<S>                                                             <C>                          <C>                
I.  CHARGE-OFF / RECOVERIES
                                                                            Number                Balance
                                                               ---------------------------------------------
    (A)  Collection Period Charge-Off Receivables                                  23             181,465.66
                                                               ---------------------------------------------
    (B)  Gross Charge-Offs Cumulative Receivables                                 816           5,836,972.27
                                                               ---------------------------------------------
    (C)  Collection Period Recoveries on Charge-Offs                              N/A              40,600.02
                                                               ---------------------------------------------
    (D)  Recoveries on Charge-Offs To-Date                                        N/A             620,800.52
                                                               ---------------------------------------------
 
 
 
J.  REPOSSESSIONS
 
    (A)  Collection Period Repossessions                                           15             156,314.18
                                                               ---------------------------------------------
    (B)  Aggregate Repossessions                                                  543           6,368,582.54
                                                               ---------------------------------------------
    (C)  Unliquidated Repossessions                                                17             182,981.49
                                                               ---------------------------------------------
 
 
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                                                 424,678.31
                                                               ----------------------
    (B)  Deposit                                                                 0.00
                                                               ----------------------
    (C)  Withdrawal                                                          7,380.25
                                                               ----------------------
    (D)  Ending Balance                                                    417,298.06
                                                               ----------------------
 
</TABLE>



Approved By:  /s/ MICHAEL A. BENAVIDES
              ------------------------
              Michael A. Benavides
              Vice President, Controller
              Bay View Credit



<PAGE>
 
                                                                    EXHIBIT 99.1
 
                      BAY VIEW SECURITIZATION CORPORATION
                   For Remittance Date:  September 30, 1998

<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         42,304,518.02          52,245,989.00    94,550,507.02            10142
                                                   -----------------------------------------------------------------------
    (C)  Collections (Regular Payments)              2,660,239.49                   0.00     2,660,239.49              N/A
                                                   -----------------------------------------------------------------------
    (D)  Collections (Principal Payoffs)             2,237,235.88                   0.00     2,237,235.88              396
                                                   -----------------------------------------------------------------------
    (E)  Collections (Principal Recoveries)                  0.00                   0.00             0.00         
                                                   -----------------------------------------------------------------------
    (F)  Withdrawal from Payahead (Principal)           45,683.31                   0.00        45,683.31              N/A
                                                   -----------------------------------------------------------------------
    (G)  Principal Reductions (Other)                        0.00                   0.00             0.00                0
                                                   -----------------------------------------------------------------------
    (H)  Gross Charge Offs                             191,584.07                   0.00       191,584.07               29
                                                   -----------------------------------------------------------------------
    (I)  Repurchases                                    12,386.55                   0.00        12,386.55               19
                                                   -----------------------------------------------------------------------
    (J)  Ending Balance                             37,157,388.72          52,245,989.00    89,403,377.72             9698
                                                   ----------------------------------------------------------------------- 
 
    Notional Principal Balance:

    (K)  Beginning                                                                          32,995,027.60
                                                                                            -------------
    (L)  Ending                                                                             29,145,945.77
                                                                                            -------------
    (M)  Certificate Factor                            18.4881946%           100.0000000%      35.3059064%
                                                   ----------------------------------------------------------------------- 
 
 
B.  CASH FLOW RECONCILIATION
                                                                                                Total
                                                                                             ------------ 
    (A)  Cash Wired                                                                          5,922,422.97
                                                                                             ------------ 
    (B)  Interest Wired/Earned                                                                  16,370.55
                                                                                             ------------
    (C)  Withdrawal from Payahead Account                                                       45,683.31
                                                                                             ------------
    (D)  Advances                                                                                    0.00
                                                                                             ------------
    (E)  Repurchases                                                                            12,386.55
                                                                                             ------------
    (F)  Gross Charge-Off Recoveries                                                            59,633.46
                                                                                             ------------
    (G)  Gross Charge-Off Advances                                                               9,820.75
                                                                                             ------------
    (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                                                           6,066,317.59
                                                                                             ------------
 
 
C.  TRUSTEE DISTRIBUTION
                                                                                                Total
                                                                                             ------------      
    (A)  Total Cash Flow                                                                     6,066,317.59
                                                                                             ------------ 
    (B)  Unrecovered Interest Advances                                                           9,591.47
                                                                                             ------------
    (C)  Servicing Fee (Due and Unpaid)                                                         78,792.09
                                                                                             ------------
    (D)  Interest to "A-1" Certificate Holders, including Overdue                              221,746.18
                                                                                             ------------
    (E)  Interest to "A-2" Certificate Holders, including Overdue                              286,917.56
                                                                                             ------------
    (F)  Interest to "I" Certificate Holders, including Overdue                                 86,611.95
                                                                                             ------------
    (G)  Principal to "A-1" Certificate Holders, including Overdue                           5,147,129.30
                                                                                             ------------
    (H)  Principal to "A-2" Certificate Holders, including Overdue                                   0.00
                                                                                             ------------
    (I)  Reinsurance Fee                                                                             0.00
                                                                                             ------------
    (J)  Surety Bond Fee                                                                        11,818.81
                                                                                             ------------ 
    (K)  First Loss Protection                                                      0.00
                                                                            ------------  
    (L)  Surety Bond Premium                                                   11,818.81
                                                                            ------------  
    (M)  Interest Advance Recovery Payments                                                     25,478.47
                                                                                             ------------ 
    (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>
 
                      BAY VIEW SECURITIZATION CORPORATION
                   For Remittance Date:  September 30, 1998 

<TABLE> 
<CAPTION> 
<S>                                          <C>                    <C>                <C>                     <C> 
    (R)  Bank Account Interest to Servicer                                                       16,370.55
                                                                                              ------------ 
    (S)  Excess Yield                                                                            81,861.21
                                                                                              ------------ 
         BALANCE                                                                                      0.00
                                                                                              ------------ 

 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                           Spread Account     Surety Bond
                                                                           ------------------------------- 
    (A)  Beginning Balance                                                   3,681,028.60    91,777,569.12
                                                                           -------------------------------
    (B)  Additions to Spread Amount                                            181,861.21              N/A
                                                                           -------------------------------
    (C)  Interest Earned                                                        14,867.86
                                                                           -------------------------------
    (D)  Draws                                                                       0.00             0.00
                                                                           -------------------------------
    (E)  Reimbursement for Prior Draws                                                N/A             0.00
                                                                           -------------------------------
    (F)  Distribution of Funds to "IC" Class or Servicer                       135,384.59             0.00
                                                                           -------------------------------
    (G)  Ending Balance                                                      3,742,373.08    86,531,801.48
                                                                           -------------------------------
    (H)  Required Balance                                                    3,352,626.66    86,531,801.48
                                                                           -------------------------------
    (I)  Distribution to "IC" Class                                            389,746.42
                                                                           -------------------------------
 
 
E.  CURRENT RECEIVABLES DELINQUENCY

           # Payment Delinquency                            Number              Balance
           ----------------------                  -------------------------------------- 
    (A)  31-60                                                  47             385,494.46
                                                   --------------------------------------
    (B)  61-90                                                  13             103,687.04
                                                   --------------------------------------
    (C)  91+                                                     6              72,693.88
                                                   --------------------------------------
    (D)  Total                                                  66             561,875.38
                                                   --------------------------------------
 

F.  EXCESS YIELD
                                                         Excess Yield          Pool          Excess Yield
                     Month                                  Balance           Balance        (Annualized %)
                     -----                               -------------------------------------------------
    (A)  Current                                           181,861.21       89,403,377.72           2.4410%
                                                         -------------------------------------------------
    (B)  1st Previous                                      176,842.63       94,550,507.02           2.2444%
                                                         -------------------------------------------------
    (C)  2nd Previous                                      175,493.75       99,745,602.06           2.1113%
                                                         -------------------------------------------------
    (D)  3rd Previous                                       61,129.42      105,557,334.06           0.6949%
                                                         -------------------------------------------------
    (E)  4th Previous                                       42,428.84      112,037,334.99           0.4544%
                                                         -------------------------------------------------
    (F)  5th Previous                                      210,199.22      118,039,767.11           2.1369%
                                                         -------------------------------------------------
    (G)  Six-Month Rolling Excess Yield 
           (greater than or equal to 1.75%)                141,325.85      103,222,320.49           1.6430%
                                                         -------------------------------------------------
 

 
G.  DELINQUENCY RATE (31+)
                                                            Month              Pool
                      Month                                 Balance           Balance                 %
                                                         ----------------------------------------------------
    (A)  Current                                           561,875.38       89,403,377.72           0.6285%
                                                         ---------------------------------------------------
    (B)  1st Previous                                      552,948.08       94,550,507.02           0.5848%
                                                         ---------------------------------------------------
    (C)  2nd Previous                                      809,107.22       99,745,602.06           0.8112%
                                                         ---------------------------------------------------
    (D)  Three-Month Rolling Average (less than 2%)        641,310.23       94,566,495.60           0.6782%
                                                         ---------------------------------------------------
 
H.  NET LOSS RATE
                                                                          Liquidation        Average                 Defaulted
                      Month                                Balance          Proceeds         Balance                (Annualized)
                                                        -------------------------------------------------------------------------
    (A)  Current                                           251,575.92      119,625.31      91,976,942.37               1.7215%
                                                        ------------------------------------------------------------------------- 
    (B)  1st Previous                                      380,072.68      213,696.46      97,148,054.54               2.0551%
                                                        -------------------------------------------------------------------------
    (C)  2nd Previous                                      401,726.99      212,593.57     102,651,468.06               2.2110%
                                                        -------------------------------------------------------------------------
    (D)  Three-Month Rolling Average Net Default Rate 
           less than 3%                                    344,458.53      181,971.78      97,258,821.66               2.0048%
                                                        -------------------------------------------------------------------------
</TABLE> 
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                   For Remittance Date:  September 30, 1998

<TABLE> 
<CAPTION> 
<S>                                                             <C>                          <C>                
I.  CHARGE-OFF / RECOVERIES
                                                                            Number                Balance
                                                               ---------------------------------------------
    (A)  Collection Period Charge-Off Receivables                                  29             191,584.07
                                                               ---------------------------------------------
    (B)  Gross Charge-Offs Cumulative Receivables                                 793           5,655,506.59
                                                               ---------------------------------------------
    (C)  Collection Period Recoveries on Charge-Offs                               NA              59,633.46
                                                               ---------------------------------------------
    (D)  Recoveries on Charge-Offs To-Date                                         NA             580,200.50
                                                               ---------------------------------------------
 
 
 
J.  REPOSSESSIONS
 
    (A)  Collection Period Repossessions                                           15             163,543.03
                                                               ---------------------------------------------
    (B)  Aggregate Repossessions                                                  528           6,212,268.36
                                                               ---------------------------------------------
    (C)  Unliquidated Repossessions                                                16             173,505.43
                                                               ---------------------------------------------
 
 
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                                                 470,361.62
                                                               ----------------------
    (B)  Deposit                                                                 0.00
                                                               ----------------------
    (C)  Withdrawal                                                         45,683.31
                                                               ----------------------
    (D)  Ending Balance                                                    424,678.31
                                                               ----------------------
 
</TABLE>



Approved By:  /s/ MICHAEL A. BENAVIDES
              ------------------------
              Michael A. Benavides
              Vice President, Controller
              Bay View Credit



<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                     For Remittance Date:  August 31, 1998

<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                    47,499,613.06          52,245,989.00    99,745,602.06      10585
                                                       -----------------------------------------------------------------------
    (C)  Collections (Regular Payments)                         2,819,542.75                   0.00     2,819,542.75        N/A
                                                        -----------------------------------------------------------------------
    (D)  Collections (Principal Payoffs)                        2,065,121.78                   0.00     2,065,121.78        382
                                                        -----------------------------------------------------------------------
    (E)  Collections (Principal Recoveries)                             0.00                   0.00             0.00      
                                                        -----------------------------------------------------------------------
    (F)  Withdrawal from Payahead (Principal)                      29,271.59                   0.00        29,271.59        N/A
                                                        -----------------------------------------------------------------------
    (G)  Principal Reductions (Other)                                   0.00                   0.00             0.00          0
                                                        -----------------------------------------------------------------------
    (H)  Gross Charge Offs                                        224,371.88                   0.00       224,371.88         38
                                                        -----------------------------------------------------------------------
    (I)  Repurchases                                               56,787.04                   0.00        56,787.04         23
                                                        -----------------------------------------------------------------------
    (J)  Ending Balance                                        42,304,518.02          52,245,989.00    94,550,507.02      10142
                                                        -----------------------------------------------------------------------
                                                        
    Notional Principal Balance:                     
    (K)  Beginning                                                                                     36,941,594.60
                                                                                                   -----------------
    (L)  Ending                                                                                        32,995,027.60
                                                                                                   -----------------
                                                        
    (M)  Certificate Factor                                       21.0492231%           100.0000000%      37.3385373%
                                                        ------------------------------------------------------------
                                                        
B.  CASH FLOW RECONCILIATION                        
                                                                                                          TOTAL
                                                                                                   ----------------- 
    (A)  Cash Wired                                                                                     6,010,631.17
                                                                                                   -----------------
    (B)  Interest Wired/Earned                                                                             21,798.38
                                                                                                   -----------------
    (C)  Withdrawal from Payahead Account                                                                  29,271.59
                                                                                                   -----------------
    (D)  Advances                                                                                               0.00
                                                                                                   -----------------
    (E)  Repurchases                                                                                       56,787.04
                                                                                                   -----------------
    (F)  Gross Charge-Off Recoveries                                                                       57,995.66
                                                                                                   -----------------
    (G)  Gross Charge-Off Advances                                                                         11,292.84
                                                                                                   -----------------
    (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                                                                      6,187,776.68
                                                                                                   -----------------
                                                        
                                                        
C.  TRUSTEE DISTRIBUTION                            
                                                                                                          TOTAL
                                                                                                   -----------------       
    (A)  Total Cash Flow                                                                                6,187,776.68
                                                                                                   ----------------- 
    (B)  Unrecovered Interest Advances                                                                     11,186.35
                                                                                                    -----------------
    (C)  Servicing Fee (Due and Unpaid)                                                                    83,121.34
                                                                                                   -----------------
    (D)  Interest to "A-1" Certificate Holders,         
         including Overdue                                                                                248,977.14
                                                                                                   -----------------
    (E)  Interest to "A-2" Certificate Holders,         
         including Overdue                                                                                286,917.56
                                                                                                   -----------------
    (F)  Interest to "I" Certificate Holders,           
         including Overdue                                                                                 96,971.69
                                                                                                   -----------------
                                                        
    (G)  Principal to "A-1" Certificate Holders,        
         including Overdue                                                                              5,195,095.04
                                                                                                   ----------------- 
    (H)  Principal to "A-2" Certificate Holders,        
         including Overdue                                                                                      0.00
                                                                                                   ----------------- 
    (I)  Reinsurance Fee                                                                                        0.00
                                                                                                   -----------------
    (J)  Surety Bond Fee                                                                                   12,887.42
                                                                                                   -----------------
    (K)        First Loss Protection                                                         419.22
                                                                            -----------------------
    (L)        Surety Bond Premium                                                        12,468.20
                                                                            -----------------------
    (M)  Interest Advance Recovery Payments                                                                53,979.14
                                                                                                   -----------------
    (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>
 
                      BAY VIEW SECURITIZATION CORPORATION
                     For Remittance Date:  August 31, 1998


<TABLE> 
<CAPTION> 

                                                                                                            NUMBER OF 
                                                          A-1                        A-2           TOTAL     ACCOUNTS 
                                                    ----------------------------------------------------------------- 
<S>                                                          <C>                    <C>               <C>
                                                    
     (R)  Bank Account Interest to Servicer                                                          21,798.38
                                                                                             -----------------
     (S)  Excess Yield                                                                              176,842.63
                                                                                             -----------------
                                                    
                BALANCE                                                                                   0.00
                                                                                             -----------------
                                                    
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION        
                                                                               SPREAD ACCOUNT       SURETY BOND
                                                                       ---------------------------------------- 
    (A)  Beginning Balance                                                        3,488,925.62    97,209,146.03
                                                                       ---------------------------------------- 
    (B)  Additions to Spread Amount                                                 176,842.63              N/A
                                                                       ----------------------------------------
    (C)  Interest Earned                                                             15,260.35
                                                                       ----------------------------------------
    (D)  Draws                                                                            0.00             0.00
                                                                       ----------------------------------------
    (E)  Reimbursement for Prior Draws                                                     N/A             0.00
                                                                       ----------------------------------------
    (F)  Distribution of Funds to "IC" Class or    
         Servicer                                                                         0.00             0.00
                                                                       ----------------------------------------
    (G)  Ending Balance                                                           3,681,028.60    91,777,569.12
                                                                       ----------------------------------------
                                                    
    (H)  Required Balance                                                         3,545,644.01    91,777,569.12
                                                                       ----------------------------------------
    (I)  Distribution to "IC" Class                                                 135,384.59
                                                                       -----------------------
                                                    
                                                    
E.  CURRENT RECEIVABLES DELINQUENCY                 
           # PAYMENT DELINQUENCY                                 NUMBER             BALANCE
           ---------------------                    ------------------------------------------
    (A)  31-60                                                       39             313,511.12
                                                    ------------------------------------------
    (B)  61-90                                                       14             126,124.66
                                                    ------------------------------------------
    (C)  91+                                                         11             113,312.30
                                                    ------------------------------------------
    (D)  Total                                                       64             552,948.08
                                                    ------------------------------------------
                                                    
                                                    
F.  EXCESS YIELD                                    
                                                           EXCESS YIELD              POOL          EXCESS YIELD
                           MONTH                             BALANCE                BALANCE       (ANNUALIZED %)
                           -----                    ----------------------------------------------------------- 
    (A)  Current                                             176,842.63          94,550,507.02           2.2444%
                                                    ----------------------------------------------------------- 
    (B)  1st Previous                                        175,493.75          99,745,602.06           2.1113%
                                                    -----------------------------------------------------------
    (C)  2nd Previous                                         61,129.42         105,557,334.06           0.6949%
                                                    -----------------------------------------------------------
    (D)  3rd Previous                                         42,428.84         112,037,334.99           0.4544%
                                                    -----------------------------------------------------------
    (E)  4th Previous                                        210,199.22         118,039,767.11           2.1369%
                                                    -----------------------------------------------------------
    (F)  5th Previous                                        128,018.13         124,630,130.46           1.2326%
                                                    -----------------------------------------------------------
    (G)  Six-Month Rolling Excess Yield 
         (greater than symbol=1.75%)                         132,352.00         109,093,445.95           1.4558%
                                                    -----------------------------------------------------------
                                                    
                                                    
G.  DELINQUENCY RATE (31+)                          
                                                    
                                                              MONTH                   POOL                  
                           MONTH                             BALANCE                BALANCE                %    
                           -----                    ----------------------------------------------------------- 
    (A)  Current                                             552,948.08          94,550,507.02           0.5848%
                                                    ----------------------------------------------------------- 
    (B)  1st Previous                                        809,107.22          99,745,602.06           0.8112%
                                                    -----------------------------------------------------------
    (C)  2nd Previous                                        883,546.02         105,557,334.06           0.8370%
                                                    -----------------------------------------------------------
    (D)  Three-Month Rolling Average 
         (less than symbol 2%)                               748,533.77          99,951,147.71           0.7489%
                                                    -----------------------------------------------------------
                                                    
                                                    
H.  NET LOSS RATE                                   
                                                                                 LIQUIDATION        AVERAGE        DEFAULTED
                           MONTH                             BALANCE              PROCEEDS          BALANCE       (ANNUALIZED)
                           -----                    ------------------------------------------------------------------------  
    (A)  Current                                             380,072.68             213,696.46    97,148,054.54       2.0551%
                                                    ------------------------------------------------------------------------  
    (B)  1st Previous                                        401,726.99             212,593.57   102,651,468.06       2.2110%
                                                    ------------------------------------------------------------------------
    (C)  2nd Previous                                        611,639.68             258,355.87   108,797,334.53       3.8966%
                                                    ------------------------------------------------------------------------
    (D)  Three-Month Rolling Average Net                                                                              
         Default Rate (less than symbol)3%                   464,479.78             228,215.30   102,865,619.04       2.7562%
                                                    ------------------------------------------------------------------------

</TABLE> 
  

<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                     For Remittance Date:  August 31, 1998
 
<TABLE> 
<CAPTION> 

I.  CHARGE-OFF / RECOVERIES
<S>                                                                   <C>                       <C> 
                                                                                 NUMBER             BALANCE
                                                               --------------------------------------------- 
    (A)  Collection Period Charge-Off Receivables                                  38             224,371.88
                                                               --------------------------------------------- 
    (B)  Gross Charge-Offs Cumulative Receivables                                 764           5,463,922.52
                                                               ---------------------------------------------
    (C)  Collection Period Recoveries on Charge-Offs                               NA              57,995.66
                                                               ---------------------------------------------
    (D)  Recoveries on Charge-Offs To-Date                                         NA             520,567.04
                                                               ---------------------------------------------
    
    
    
J.  REPOSSESSIONS
    
    (A)  Collection Period Repossessions                                           14             144,551.94
                                                               ---------------------------------------------
    (B)  Aggregate Repossessions                                                  513           6,048,725.33
                                                               ---------------------------------------------
    (C)  Unliquidated Repossessions                                                18             204,104.66
                                                               ---------------------------------------------
     
     
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                                                 499,633.21
                                                               ----------------------
    (B)  Deposit                                                                 0.00
                                                               ----------------------
    (C)  Withdrawal                                                         29,271.59
                                                               ----------------------
    (D)  Ending Balance                                                    470,361.62
                                                               ----------------------
  
</TABLE> 



Approved By:           /s/ Michael A. Benavides
                       ------------------------
                       Michael A. Benavides
                       Vice President, Controller
                       Bay View Credit



<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  JULY 31, 1998




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                 53,311,345.06      52,245,989.00    105,557,334.06       11064
                                                           -----------------------------------------------------------------
    (C)  Collections (Regular Payments)                      3,013,506.79               0.00      3,013,506.79         N/A
                                                           -----------------------------------------------------------------
    (D)  Collections (Principal Payoffs)                     2,439,483.50               0.00      2,439,483.50         430
                                                           -----------------------------------------------------------------
    (E)  Collections (Principal Recoveries)                          0.00               0.00              0.00    
                                                           -----------------------------------------------------------------
    (F)  Withdrawal from Payahead (Principal)                   50,397.59               0.00         50,397.59         N/A
                                                           -----------------------------------------------------------------
    (G)  Principal Reductions (Other)                                0.00               0.00              0.00           0
                                                           -----------------------------------------------------------------
    (H)  Gross Charge Offs                                     271,312.23               0.00        271,312.23          31
                                                           -----------------------------------------------------------------
    (I)  Repurchases                                            37,031.89               0.00         37,031.89          18
                                                           -----------------------------------------------------------------
    (J)  Ending Balance                                     47,499,613.06      52,245,989.00     99,745,602.06       10585
                                                           -----------------------------------------------------------------
                                                                            
    Notional Principal Balance:                                             
    (K)  Beginning                                                                               40,983,967.50
                                                                                                 -------------
    (L)  Ending                                                                                  36,941,594.60
                                                                                                 -------------
                                                                            
    (M)  Certificate Factor                                    23.6341175%       100.0000000%       39.3901101%
                                                           -----------------------------------------------------------------
 
B.  CASH FLOW RECONCILIATION
                                                                                                     TOTAL
                                                                                                 -------------
    (A)  Cash Wired                                                                               6,639,832.90
                                                                                                 -------------
    (B)  Interest Wired/Earned                                                                       23,645.77
                                                                                                 -------------
    (C)  Withdrawal from Payahead Account                                                            50,397.59
                                                                                                 -------------
    (D)  Advances                                                                                         0.00
                                                                                                 -------------
    (E)  Repurchases                                                                                 37,031.89
                                                                                                 -------------
    (F)  Gross Charge-Off Recoveries                                                                 82,178.81
                                                                                                 -------------
    (G)  Gross Charge-Off Advances                                                                    6,421.24
                                                                                                 -------------
    (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                                                                    6,839,508.20
                                                                                                 -------------
                                                                                               
                                                                                               
C.  TRUSTEE DISTRIBUTION                                                                       
                                                                                                    TOTAL
                                                                                                 -------------
    (A)  Total Cash Flow                                                                          6,839,508.20
                                                                                                 -------------
    (B)  Unrecovered Interest Advances                                                                5,953.19
                                                                                                 -------------
    (C)  Servicing Fee (Due and Unpaid)                                                              87,964.45
                                                                                                  -------------
    (D)  Interest to "A-1" Certificate Holders, including Overdue                                   279,440.30
                                                                                                 -------------
    (E)  Interest to "A-2" Certificate Holders, including Overdue                                   286,917.56
                                                                                                 -------------
    (F)  Interest to "I" Certificate Holders, including Overdue                                     107,582.91
                                                                                                 -------------
    (G)  Principal to "A-1" Certificate Holders, including Overdue                                5,811,732.00
                                                                                                 -------------
    (H)  Principal to "A-2" Certificate Holders, including Overdue                                        0.00
                                                                                                 -------------
    (I)  Reinsurance Fee                                                                                  0.00
                                                                                                 -------------
    (J)  Surety Bond Fee                                                                             14,294.73
                                                                                                 -------------
    (K)  First Loss Protection                                                      1,100.06
                                                                                    --------
    (L)        Surety Bond Premium                                                 13,194.67
                                                                                   ---------------------------
    (M)  Interest Advance Recovery Payments                                                          46,483.54
                                                                                                 -------------
    (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>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  July 31, 1998
<TABLE> 
<CAPTION> 
<S>                                                                                              <C> 
                                                                                                 ---------------
    (R)  Bank Account Interest to Servicer                                                             23,645.77
                                                                                                 ---------------
    (S)  Excess Yield                                                                                 175,493.75
                                                                                                 ---------------

             BALANCE                                                                                        0.00
                                                                                                 ---------------
                                                         
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION             
                                                                                Spread Account      Surety Bond
                                                                             -----------------------------------
    (A)  Beginning Balance                                                        3,298,361.25    103,146,466.40
                                                                             -----------------------------------
    (B)  Additions to Spread Amount                                                 175,493.75               N/A
                                                                             -----------------------------------
    (C)  Interest Earned                                                             15,070.62
                                                                             -----------------------------------
    (D)  Draws                                                                            0.00              0.00
                                                                             -----------------------------------
    (E)  Reimbursement for Prior Draws                                                     N/A              0.00
                                                                             -----------------------------------
    (F)  Distribution of Funds to "IC" Class or Servicer                                  0.00              0.00
                                                                             -----------------------------------
    (G)  Ending Balance                                                           3,488,925.62     97,209,146.03
                                                                             -----------------------------------
                                                         
    (H)  Required Balance                                                         3,740,460.08     97,209,146.03
                                                                             -----------------------------------
    (I)  Distribution to "IC" Class                                                       0.00
                                                                             -----------------
                                                         
                                                         
E.  CURRENT RECEIVABLES DELINQUENCY                      
           #Payment Delinquency                                   Number             Balance
                                                             ---------------------------------        
    (A)  31-60                                                      49              433,760.01
                                                             ---------------------------------
    (B)  61-90                                                      25              275,702.80
                                                             ---------------------------------
    (C)  91+                                                        12               99,644.41
                                                             ---------------------------------
    (D)  Total                                                      86              809,107.22
                                                             ---------------------------------
                                                         
                                                         
F.  EXCESS YIELD                                         
                                                          Excess Yield              Pool             Excess Yield
                             Month                           Balance               Balance           (Annualized %)
                             -----                       --------------------------------------------------------- 
    (A)  Current                                            175,493.75           99,745,602.06            2.1113%
                                                         ---------------------------------------------------------
    (B)  1st Previous                                        61,129.42          105,557,334.06            0.6949%
                                                         ---------------------------------------------------------
    (C)  2nd Previous                                        42,428.84          112,037,334.99            0.4544%
                                                         ---------------------------------------------------------
    (D)  3rd Previous                                       210,199.22          118,039,767.11            2.1369%
                                                         ---------------------------------------------------------
    (E)  4th Previous                                       128,018.13          124,630,130.46            1.2326%
                                                         ---------------------------------------------------------
    (F)  5th Previous                                       195,671.17          131,946,266.49            1.7796%
                                                         ---------------------------------------------------------
    (G)  Six-Month Rolling Excess Yield (>=1.75%)           135,490.09          115,326,072.53            1.4098%
                                                         ---------------------------------------------------------
                                                         
G.  DELINQUENCY RATE (31+)                               
                                                         
                                                             Month                   Pool          
                      Month                                 Balance                 Balance                 % 
                      -----                              ---------------------------------------------------------
    (A)  Current                                            809,107.22           99,745,602.06            0.8112%
                                                         ---------------------------------------------------------
    (B)  1st Previous                                       883,546.02          105,557,334.06            0.8370%
                                                         ---------------------------------------------------------
    (C)  2nd Previous                                     1,281,746.83          112,037,334.99            1.1440%
                                                         ---------------------------------------------------------
    (D)  Three-Month Rolling Average (less than 2%)         991,466.69          105,780,090.37            0.9373%
                                                         ---------------------------------------------------------
                                                         
H.  NET LOSS RATE                                        
                                                                                   Liquidation        Average          Defaulted
                      Month                                 Balance                  Proceeds         Balance         (Annualized)
                      -----                              ------------------------------------------------------------------------
    (A)  Current                                            401,726.99              212,593.57     102,651,468.06       2.2110%
                                                         ------------------------------------------------------------------------
    (B)  1st Previous                                       611,639.68              258,355.87     108,797,334.53       3.8966%
                                                         ------------------------------------------------------------------------
    (C)  2nd Previous                                       372,172.09              177,478.21     115,038,551.05       2.0309%
                                                         ------------------------------------------------------------------------
    (D)  Three-Month Rolling Average Net Default Rate 
          less than 3%                                      461,846.25              216,142.55     108,829,117.88       2.7092%
                                                         ------------------------------------------------------------------------
</TABLE> 

<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  July 31, 1998
<TABLE> 
<CAPTION> 
<S>                                                       <C>                             <C>   
I.  CHARGE-OFF / RECOVERIES
                                                                     NUMBER                 BALANCE
                                                           -----------------------------------------------
    (A)  Collection Period Charge-Off Receivables                               31              271,312.23
                                                           -----------------------------------------------
    (B)  Gross Charge-Offs Cumulative Receivables                              726            5,239,550.64
                                                           -----------------------------------------------
    (C)  Collection Period Recoveries on Charge-Offs                            NA               82,178.81
                                                           -----------------------------------------------
    (D)  Recoveries on Charge-Offs To-Date                                      NA              462,571.10
                                                           -----------------------------------------------
  
J. REPOSSESSIONS
                                                           ----------------------------------------------- 
   (A)  Collection Period Repossessions                                         25              300,961.92
                                                           -----------------------------------------------
   (B)  Aggregate Repossessions                                                499            5,904,173.39
                                                           -----------------------------------------------
   (C)  Unliquidated Repossessions                                              27              327,778.10
                                                           -----------------------------------------------
 
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                                              550,030.80
                                                           -----------------------
    (B)  Deposit                                                              0.00
                                                           -----------------------
    (C)  Withdrawal                                                      50,397.59
                                                           -----------------------
    (D)  Ending Balance                                                 499,633.21
                                                           -----------------------
</TABLE>



Approved By:    /s/ Michael A. Benavides
                ------------------------
                Michael A. Benavides
                Vice President, Controller
                Bay View Credit

<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      FOR REMITTANCE DATE:  JUNE 30, 1998


<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               59,791,345.99          52,245,989.00   112,037,334.99                11607
                                                    ----------------------------------------------------------------------------
(C)  Collections (Regular Payments)                    3,208,850.24                   0.00     3,208,850.24                  N/A
                                                    ----------------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                   2,798,806.61                   0.00     2,798,806.61                  472
                                                    ----------------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                        0.00                   0.00             0.00
                                                    ----------------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                 58,951.06                   0.00        58,951.06                  N/A
                                                    ----------------------------------------------------------------------------
(G)  Principal Reductions (Other)                              0.00                   0.00             0.00                    0
                                                    ----------------------------------------------------------------------------
(H)  Gross Charge Offs                                   378,623.80                   0.00       378,623.80                   51
                                                    ----------------------------------------------------------------------------
(I)  Repurchases                                          34,769.22                   0.00        34,769.22                   20
                                                    ----------------------------------------------------------------------------
(J)  Ending Balance                                   53,311,345.06          52,245,989.00   105,557,334.06                11064
                                                    ----------------------------------------------------------------------------
                                                    
Notional Principal Balance:                     
(K)  Beginning                                                                                45,120,492.38
                                                                                          -----------------
(L)  Ending                                                                                   40,983,967.50
                                                                                          -----------------
                                                    
(M)  Certificate Factor                                  26.5258286%           100.0000000%      41.6851964%
                                                    -------------------------------------------------------
                                                    
B.  CASH FLOW RECONCILIATION                        
                                                                                                 TOTAL
                                                                                          -----------------
(A)  Cash Wired                                                                                7,280,596.87
                                                                                          -----------------
(B)  Interest Wired/Earned                                                                        22,887.90
                                                                                          -----------------
(C)  Withdrawal from Payahead Account                                                             58,951.06
                                                                                          -----------------
(D)  Advances                                                                                          0.00
                                                                                          -----------------
(E)  Repurchases                                                                                  34,769.22
                                                                                          -----------------
(F)  Gross Charge-Off Recoveries                                                                  25,339.99
                                                                                          -----------------
(G)  Gross Charge-Off Advances                                                                    30,446.58
                                                                                          -----------------
(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                                                                 7,452,991.62
                                                                                          -----------------
 
 
C.  TRUSTEE DISTRIBUTION
                                                                                                  TOTAL
                                                                                          -----------------
(A)  Total Cash Flow                                                                           7,452,991.62
                                                                                          -----------------
(B)  Unrecovered Interest Advances                                                                29,988.40
                                                                                          -----------------
(C)  Servicing Fee (Due and Unpaid)                                                               93,364.45
                                                                                          -----------------
(D)  Interest to "A-1" Certificate Holders, including Overdue                                    313,406.31
                                                                                          -----------------
(E)  Interest to "A-2" Certificate Holders, including Overdue                                    286,917.56
                                                                                          -----------------
(F)  Interest to "I" Certificate Holders, including Overdue                                      118,441.29
                                                                                          -----------------
(G)  Principal to "A-1" Certificate Holders, including Overdue                                 6,480,000.93
                                                                                          ----------------- 
(H)  Principal to "A-2" Certificate Holders, including Overdue                                         0.00
                                                                                          ----------------- 
(I)  Reinsurance Fee                                                                                   0.00
                                                                                          -----------------
(J)  Surety Bond Fee                                                                              15,145.55
                                                                                          -----------------
(K)  First Loss Protection                                                      1,140.88
                                                                 -----------------------
(L)  Surety Bond Premium                                                       14,004.67
                                                                 -----------------------
(M)  Interest Advance Recovery Payments                                                           31,709.82
                                                                                          -----------------
(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>
 
<TABLE> 
<CAPTION> 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  June 30, 1998
 
<S>                                                                                                <C> 
(R)  Bank Account Interest to Servicer                                                                      22,887.90
                                                                                                    -----------------
(S)  Excess Yield                                                                                           61,129.42
                                                                                                    -----------------
 
             BALANCE                                                                                             0.00
                                                                                                    -----------------
 
<CAPTION> 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                                       SPREAD ACCOUNT       SURETY BOND
                                                                                 -----------------------------------------
<S>                                                                              <C>                    <C> 
(A)  Beginning Balance                                                                      3,222,997.26   109,731,718.26
                                                                                 ----------------------------------------
(B)  Additions to Spread Amount                                                                61,129.42              N/A
                                                                                 ----------------------------------------
(C)  Interest Earned                                                                           14,234.57
                                                                                 ----------------------------------------
(D)  Draws                                                                                          0.00             0.00
                                                                                 ----------------------------------------
(E)  Reimbursement for Prior Draws                                                                   N/A             0.00
                                                                                 ----------------------------------------
(F)  Distribution of Funds to  "IC" Class or Servicer                                               0.00             0.00
                                                                                 ----------------------------------------
(G)  Ending Balance                                                                         3,298,361.25   103,146,466.40
                                                                                 ----------------------------------------
 
(H)  Required Balance                                                                       3,958,400.03   103,146,466.40
                                                                                 ----------------------------------------
(I)  Distribution to "IC" Class                                                                     0.00
                                                                                 -----------------------
 
<CAPTION>  
E.  CURRENT RECEIVABLES DELINQUENCY
         #PAYMENT DELINQUENCY                                                NUMBER            BALANCE
         --------------------                              ---------------------------------------------
<S>                                                                     <C>             <C> 
(A)  31-60                                                                     46             467,471.38
                                                           ---------------------------------------------
(B)  61-90                                                                     28             283,783.78
                                                           ---------------------------------------------
(C)  91+                                                                       10             127,290.86
                                                           ---------------------------------------------
(D)  Total                                                                     84             883,546.02
                                                           ---------------------------------------------
 
<CAPTION>  
F.  EXCESS YIELD
                                                                  EXCESS YIELD               POOL               EXCESS YIELD
        MONTH                                                        BALANCE              BALANCE               (ANNUALIZED %)
        -----                                              ------------------------------------------------------------------
<S>                                                        <C>                          <C>                     <C> 
(A)  Current                                                            61,129.42         105,557,334.06           0.6949%
                                                           --------------------------------------------------------------
(B)  1st Previous                                                       42,428.84         112,037,334.99           0.4544%
                                                           --------------------------------------------------------------
(C)  2nd Previous                                                      210,199.22         118,039,767.11           2.1369%
                                                           --------------------------------------------------------------
(D)  3rd Previous                                                      128,018.13         124,630,130.46           1.2326%
                                                           --------------------------------------------------------------
(E)  4th Previous                                                      195,671.17         131,946,266.49           1.7796%
                                                           --------------------------------------------------------------
(F)  5th Previous                                                      235,613.31         138,584,290.24           2.0402%
                                                           --------------------------------------------------------------
(G)  Six-Month Rolling Excess Yield (>=1.75%)                          145,510.02         121,799,187.23           1.4336%
                                                           --------------------------------------------------------------
 
<CAPTION>  
G.  DELINQUENCY RATE (31+)
                                                                    MONTH                   POOL
        MONTH                                                      BALANCE                BALANCE                %
        -----                                              --------------------------------------------------------------
<S>                                                        <C>                          <C>                     <C> 
(A)  Current                                                           883,546.02         105,557,334.06           0.8370%
                                                           --------------------------------------------------------------
(B)  1st Previous                                                    1,281,746.83         112,037,334.99           1.1440%
                                                           --------------------------------------------------------------
(C)  2nd Previous                                                    1,218,770.40         118,039,767.11           1.0325%
                                                           --------------------------------------------------------------
(D)  Three-Month Rolling Average (less than 2%)                      1,128,021.08         111,878,145.39           1.0083%
                                                           --------------------------------------------------------------
 
<CAPTION>  
H.  NET LOSS RATE
                                                                                 LIQUIDATION     AVERAGE               DEFAULTED
        MONTH                                          BALANCE                    PROCEEDS       BALANCE             (ANNUALIZED)
        -----                                  -----------------------------------------------------------------------------------
<S>                                            <C>                              <C>            <C>                 <C> 
(A)  Current                                               611,639.68             258,355.87   108,797,334.53               3.8966%
                                               -----------------------------------------------------------------------------------
(B)  1st Previous                                          372,172.09             177,478.21   115,038,551.05               2.0309%
                                               -----------------------------------------------------------------------------------
(C)  2nd Previous                                          422,798.01             196,487.95   121,334,948.79               2.2382%
                                               -----------------------------------------------------------------------------------
(D)  Three-Month Rolling Average Net           
     Default Rate less than 3%                             468,869.93             210,774.01   115,056,944.79               2.6918%
                                               -----------------------------------------------------------------------------------

</TABLE> 

<PAGE>
 
<TABLE> 
<CAPTION> 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  June 30, 1998
 
I.  CHARGE-OFF / RECOVERIES
                                                                    NUMBER                BALANCE
                                                           ---------------------------------------------
<S>                                                        <C>                          <C> 
(A)  Collection Period Charge-Off Receivables                                  51             378,623.80
                                                           ---------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                 695           4,968,238.41
                                                           ---------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                               NA              25,339.99
                                                           ---------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                         NA             380,392.57
                                                           ---------------------------------------------
<CAPTION>  
 
J. REPOSSESSIONS
<S>                                                       <C>                           <C>  
(A)  Collection Period Repossessions                                           17             213,446.11
                                                           ---------------------------------------------
(B)  Aggregate Repossessions                                                  474           5,603,211.47
                                                           ---------------------------------------------
(C)  Unliquidated Repossessions                                                20             265,424.14
                                                           ---------------------------------------------
<CAPTION>  
 
K.  FORCED PLACE INSURANCE
<S>                                                        <C>                            <C>  
(A)  FPI Charge-Offs                                                            0                   0.00
                                                           ---------------------------------------------
(B)  FPI Canceled/Waived/Removed/ Reversed                                      0                   0.00
                                                           ---------------------------------------------
<CAPTION> 
 
L.  PAYAHEAD RECONCILIATION
<S>                                                       <C>  
(A)  Beginning Balance                                                 608,981.86
                                                           ----------------------
(B)  Deposit                                                                 0.00
                                                           ----------------------
(C)  Withdrawal                                                         58,951.06
                                                           ----------------------
(D)  Ending Balance                                                    550,030.80
                                                           ----------------------
</TABLE>



Approved By:    /s/ Michael A. Benavides
                ------------------------
                Michael A. Benavides
                Vice President, Controller
                Bay View Credit


<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      FOR REMITTANCE DATE:  MAY 31, 1998


<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                   65,793,778.11          52,245,989.00   118,039,767.11           12104
                                                 ------------------------------------------------------------------------------
(C)  Collections (Regular Payments)                        3,158,697.03                   0.00     3,158,697.03             N/A
                                                 ------------------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                       2,508,424.84                   0.00     2,508,424.84             443
                                                 ------------------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                            0.00                   0.00             0.00      
                                                 ------------------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                     60,628.70                   0.00        60,628.70             N/A
                                                 ------------------------------------------------------------------------------
(G)  Principal Reductions (Other)                                  0.00                   0.00             0.00               0
                                                 ------------------------------------------------------------------------------
(H)  Gross Charge Offs                                       232,280.20                   0.00       232,280.20              35
                                                 ------------------------------------------------------------------------------
(I)  Repurchases                                              42,401.35                   0.00        42,401.35              19
                                                 ------------------------------------------------------------------------------
(J)  Ending Balance                                       59,791,345.99          52,245,989.00   112,037,334.99           11607
                                                 ------------------------------------------------------------------------------
                                                                                                                     
    Notional Principal Balance:                                                                                      
(K)  Beginning                                                                                    49,349,540.34      
                                                                                              -----------------      
(L)  Ending                                                                                       45,120,492.38      
                                                                                              -----------------      
                                                                                                                     
(M)  Certificate Factor                                      29.7500465%           100.0000000%      44.2441859%     
                                                 --------------------------------------------------------------      
                                                                                                                     
                                                                                                                     
B.  CASH FLOW RECONCILIATION                                                                                         
                                                                                                     TOTAL           
(A)  Cash Wired                                                                                    6,856,726.21      
                                                                                              -----------------      
(B)  Interest Wired/Earned                                                                            26,275.92      
                                                                                              -----------------      
(C)  Withdrawal from Payahead Account                                                                 60,628.70      
                                                                                              -----------------      
(D)  Advances                                                                                              0.00      
                                                                                              -----------------      
(E)  Repurchases                                                                                      42,401.35      
                                                                                              -----------------      
(F)  Gross Charge-Off Recoveries                                                                      37,586.32      
                                                                                              -----------------      
(G)  Gross Charge-Off Advances                                                                        15,535.76      
                                                                                              -----------------      
(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                                                                     7,039,154.26      
                                                                                              -----------------      
                                                                                                                     
                                                                                                                     
C.  TRUSTEE DISTRIBUTION                                                                                             
                                                                                                     TOTAL           
(A)  Total Cash Flow                                                                               7,039,154.26      
                                                                                              -----------------      
(B)  Unrecovered Interest Advances                                                                    15,201.04      
                                                                                              -----------------      
(C)  Servicing Fee (Due and Unpaid)                                                                   98,366.47      
                                                                                              -----------------      
(D)  Interest to "A-1" Certificate Holders,                                                                          
     including Overdue                                                                               344,869.05      
                                                                                              -----------------      
(E)  Interest to "A-2" Certificate Holders,                                                                          
     including Overdue                                                                               286,917.56      
                                                                                              -----------------      
(F)  Interest to "I" Certificate Holders,                                                                            
     including Overdue                                                                               129,542.54      
                                                                                              -----------------      
                                                                                                                     
(G)  Principal to "A-1" Certificate Holders,                                                                         
     including Overdue                                                                             6,002,432.12      
                                                                                              -----------------      
(H)  Principal to "A-2" Certificate Holders,                                                                         
     including Overdue                                                                                     0.00       
                                                                                              -----------------      
(I)  Reinsurance Fee                                                                                       0.00      
                                                                                              -----------------      
(J)  Surety Bond Fee                                                                                  15,895.85      
                                                                                              -----------------      
(K)        First Loss Protection                                                      1,140.88                       
                                                                       -----------------------                       
(L)        Surety Bond Premium                                                       14,754.97                       
                                                                       -----------------------                       
(M)  Interest Advance Recovery Payments                                                               77,224.87      
                                                                                              -----------------      
(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>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  May 31, 1998
 
<TABLE> 
<CAPTION> 
<S>                                                    <C>           <C>                  <C> 
    (R)  Bank Account Interest to Servicer                                                          26,275.92
                                                                                            -----------------
    (S)  Excess Yield                                                                               42,428.84
                                                                                            -----------------
                                               
             BALANCE                                                                                     0.00
                                                                                            -----------------
                                               
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION   
                                                                           SPREAD ACCOUNT       SURETY BOND
                                                                     ----------------------------------------
(A)  Beginning Balance                                                          3,741,964.54   115,436,215.65
                                                                     ----------------------------------------
(B)  Additions to Spread Amount                                                    42,428.84              N/A
                                                                     ----------------------------------------
(C)  Interest Earned                                                               15,256.06
                                                                     ----------------------------------------
(D)  Draws                                                                              0.00             0.00
                                                                     ----------------------------------------
(E)  Reimbursement for Prior Draws                                                       N/A             0.00
                                                                     ----------------------------------------
(F)  Distribution of Funds to  "IC" Class or   
     Servicer                                                                     576,652.18             0.00
                                                                     ----------------------------------------
(G)  Ending Balance                                                             3,222,997.26   109,731,718.26
                                                                     ----------------------------------------
                                               
(H)  Required Balance                                                           4,201,400.06   109,731,718.26
                                                                     ----------------------------------------
(I)  Distribution to "IC" Class                                                         0.00
                                                                     -----------------------
                                               
                                               
E.  CURRENT RECEIVABLES DELINQUENCY            
                #PAYMENT DELINQUENCY                        NUMBER                BALANCE
                --------------------           
(A)  31-60                                                         74             718,115.06
                                               ---------------------------------------------
(B)  61-90                                                         26             283,379.31
                                               ---------------------------------------------
(C)  91+                                                           21             280,252.46
                                               ---------------------------------------------
(D)  Total                                                        121           1,281,746.83
                                               ---------------------------------------------
                                               
                                               
F.  EXCESS YIELD                               
                                                 EXCESS YIELD BALANCE           POOL            EXCESS YIELD
                       MONTH                                                  BALANCE          (ANNUALIZED %)
                       -----                         
(A)  Current                                                42,428.84         112,037,334.99           0.4544%
                                               --------------------------------------------------------------
(B)  1st Previous                                          210,199.22         118,039,767.11           2.1369%
                                               --------------------------------------------------------------
(C)  2nd Previous                                          128,018.13         124,630,130.46           1.2326%
                                               --------------------------------------------------------------
(D)  3rd Previous                                          195,671.17         131,946,266.49           1.7796%
                                               --------------------------------------------------------------
(E)  4th Previous                                          235,613.31         138,584,290.24           2.0402%
                                               --------------------------------------------------------------
(F)  5th Previous                                          184,914.80         145,113,932.12           1.5291%
                                               --------------------------------------------------------------
(G)  Six-Month Rolling Excess Yield            
     (>=1.75%)                                             166,140.91         128,391,953.57           1.5528%
                                               --------------------------------------------------------------
                                               
                                               
G.  DELINQUENCY RATE (31+)                     
                                                        MONTH                   POOL
                                                       BALANCE                BALANCE                %
                       MONTH                   
                       -----                   
(A)  Current                                             1,281,746.83         112,037,334.99           1.1440%
                                               --------------------------------------------------------------
(B)  1st Previous                                        1,218,770.40         118,039,767.11           1.0325%
                                               --------------------------------------------------------------
(C)  2nd Previous                                          462,380.88         124,630,130.46           0.3710%
                                               --------------------------------------------------------------
(D)  Three-Month Rolling Average 
     ([Lesser Than Sign]2%)                                987,632.70         118,235,744.19           0.8353%
                                               --------------------------------------------------------------
                                               
                                               
H.  NET LOSS RATE                              
                                                                        LIQUIDATION PROCEEDS      AVERAGE            DEFAULTED
                       MONTH                           BALANCE                                    BALANCE          (ANNUALIZED)
                       -----                   
(A)  Current                                               372,172.09             177,478.21   115,038,551.05        2.0309%
                                               ----------------------------------------------------------------------------
(B)  1st Previous                                          422,798.01             196,487.95   121,334,948.79        2.2382%
                                               ----------------------------------------------------------------------------
(C)  2nd Previous                                          702,583.07             259,668.43   128,288,198.48        4.1430%
                                               ----------------------------------------------------------------------------
(D)  Three-Month Rolling Average Net                                                                          
     Default Rate [Lesser Than Sign]3%                     499,184.39             211,211.53   121,553,899.44        2.8429%
                                               ----------------------------------------------------------------------------
</TABLE> 
 

<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                      For Remittance Date:  May 31, 1998

<TABLE> 
<CAPTION> 
 
I.  CHARGE-OFF / RECOVERIES
                                                                    NUMBER                BALANCE
                                                           ---------------------------------------------
<S>                                                        <C>                         <C> 
(A)  Collection Period Charge-Off Receivables                                  35             232,280.20
                                                           ---------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                 644           4,589,614.61
                                                           ---------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                               NA              37,586.32
                                                           ---------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                         NA             355,052.58
                                                           ---------------------------------------------
 
 
 
J. REPOSSESSIONS
 
(A)  Collection Period Repossessions                                           24             271,039.44
                                                           ---------------------------------------------
(B)  Aggregate Repossessions                                                  457           5,389,765.36
                                                           ---------------------------------------------
(C)  Unliquidated Repossessions                                                31             365,405.94
                                                           ---------------------------------------------
 
 
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                                                 669,610.56
                                                           ----------------------
(B)  Deposit                                                                 0.00
                                                           ----------------------
(C)  Withdrawal                                                         60,628.70
                                                           ----------------------
(D)  Ending Balance                                                    608,981.86
                                                           ----------------------
 
</TABLE>



Approved By:           /s/ Michael A. Benavides
                       ------------------------
                       Michael A. Benavides
                       Vice President, Controller             
                       Bay View Credit




<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    FOR REMITTANCE DATE:  APRIL 30, 1998


<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                       72,384,141.46   52,245,989.00   124,630,130.46               12628
                                                           ---------------------------------------------------------------------
(C)  Collections (Regular Payments)                            3,526,994.30            0.00     3,526,994.30                 N/A
                                                           ---------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                           2,759,021.80            0.00     2,759,021.80                 459
                                                           ---------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                                0.00            0.00             0.00
                                                           ---------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                              0.00            0.00             0.00                 N/A
                                                           ---------------------------------------------------------------------
(G)  Principal Reductions (Other)                                      0.00            0.00             0.00                   0
                                                           ---------------------------------------------------------------------
(H)  Gross Charge Offs                                           263,357.17            0.00       263,357.17                  35
                                                           ---------------------------------------------------------------------
(I)  Repurchases                                                  40,990.08            0.00        40,990.08                  30
                                                           ---------------------------------------------------------------------
(J)  Ending Balance                                           65,793,778.11   52,245,989.00   118,039,767.11               12104
                                                           ---------------------------------------------------------------------
 
    Notional Principal Balance:
(K)  Beginning                                                                                 54,362,424.89
                                                                                           -----------------
(L)  Ending                                                                                    49,349,540.34
                                                                                           -----------------
 
(M)  Certificate Factor                                          32.7366432%    100.0000000%      46.6145808%
                                                           -------------------------------------------------
 
 
B.  CASH FLOW RECONCILIATION
                                                                                                  TOTAL
(A)  Cash Wired                                                                                 7,897,707.19
                                                                                           -----------------
(B)  Interest Wired/Earned                                                                         29,250.56
                                                                                           -----------------
(C)  Withdrawal from Payahead Account                                                                   0.00
                                                                                           -----------------
(D)  Advances                                                                                           0.00
                                                                                           -----------------
(E)  Repurchases                                                                                   40,990.08
                                                                                           -----------------
(F)  Gross Charge-Off Recoveries                                                                   37,047.11
                                                                                           -----------------
(G)  Gross Charge-Off Advances                                                                     33,551.38
                                                                                           -----------------
(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                                                                  8,038,546.32
                                                                                           -----------------
 
 
C.  TRUSTEE DISTRIBUTION
                                                                                                  TOTAL
(A)  Total Cash Flow                                                                            8,038,546.32
                                                                                           -----------------
(B)  Unrecovered Interest Advances                                                                 30,721.71
                                                                                           -----------------
(C)  Servicing Fee (Due and Unpaid)                                                               103,858.44
                                                                                           -----------------
(D)  Interest to "A-1" Certificate Holders, including Overdue                                     379,413.54
                                                                                           -----------------
(E)  Interest to "A-2" Certificate Holders, including Overdue                                     286,917.56
                                                                                           -----------------
(F)  Interest to "I" Certificate Holders, including Overdue                                       142,701.37
                                                                                           -----------------
 
(G)  Principal to "A-1" Certificate Holders, including Overdue                                  6,590,363.35
(H)  Principal to "A-2" Certificate Holders, including Overdue                                          0.00
                                                                                           -----------------
(I)  Reinsurance Fee                                                                                    0.00
                                                                                           -----------------
(J)  Surety Bond Fee                                                                               17,507.41
                                                                                           -----------------
(K)        First Loss Protection                                                   1,928.65
                                                                           ----------------
(L)        Surety Bond Premium                                                    15,578.77
                                                                           ----------------
(M)  Interest Advance Recovery Payments                                                            57,350.45
                                                                                           -----------------
(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                                                                          190,262.71
                                                                                           -----------------
</TABLE>
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                     FOR REMITTANCE DATE:  APRIL 30, 1998
<TABLE> 
<CAPTION> 
 
<S>                                                          <C>                    <C>                   <C>               <C>
    (R)  Bank Account Interest to Servicer                                                                     29,250.56
                                                                                                        ----------------
    (S)  Excess Yield                                                                                         210,199.22
                                                                                                        ----------------
 
             BALANCE                                                                                                0.00
                                                                                                        ----------------
 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                                       SPREAD ACCOUNT      SURETY BOND
(A)  Beginning Balance                                                                      3,516,442.37  122,209.427.11
                                                                                 ---------------------------------------
(B)  Additions to Spread Amount                                                               210,199.22             N/A
                                                                                 ---------------------------------------
(C)  Interest Earned                                                                           15,322.95
                                                                                 ---------------------------------------
(D)  Draws                                                                                          0.00            0.00
                                                                                 ---------------------------------------
(E)  Reimbursement for Prior Draws                                                                   N/A            0.00
                                                                                 ---------------------------------------
(F)  Distribution of Funds to Servicer                                                              0.00            0.00
                                                                                 ---------------------------------------
(G)  Ending Balance                                                                         3,741,964.54  115,436,215.65
                                                                                 ---------------------------------------
 
(H)  Required Balance                                                                       3,165,312.36  115,436,215.65
                                                                                 ---------------------------------------
(I)  Distribution to "IC" Class                                                               576,652.18
                                                                                 -----------------------
 
 
E.  CURRENT RECEIVABLES DELINQUENCY
#PAYMENT DELINQUENCY                                                NUMBER                BALANCE
-----------------------------------------------------------
(A)  31-60                                                                     74             692,753.01
                                                           ---------------------------------------------
(B)  61-90                                                                     37             457,011.44
                                                           ---------------------------------------------
(C)  91+                                                                       13              69,005.95
                                                           ---------------------------------------------
(D)  Total                                                                    124           1,218,770.40
                                                           ---------------------------------------------
 
 
F.  EXCESS YIELD
                                                             EXCESS YIELD BALANCE           POOL           EXCESS YIELD
MONTH                                                                                     BALANCE         (ANNUALIZED %)
-----------------------------------------------------------
(A)  Current                                                           210,199.22         118,039,767.11          2.1369%
                                                           -------------------------------------------------------------
(B)  1st Previous                                                      128,018.13         124,630,130.46          1.2326%
                                                           -------------------------------------------------------------
(C)  2nd Previous                                                      195,671.17         131,946,266.49          1.7796%
                                                           -------------------------------------------------------------
(D)  3rd Previous                                                      235,613.31         138,584,290.24          2.0402%
                                                           -------------------------------------------------------------
(E)  4th Previous                                                      184,914.80         145,113,932.12          1.5291%
                                                           -------------------------------------------------------------
(F)  5th Previous                                                      236,132.00         151,956,095.91          1.8647%
                                                           -------------------------------------------------------------
(G)  Six-Month Rolling Excess Yield (>=1.75%)                          198,424.77         135,045,080.39          1.7632%
                                                           -------------------------------------------------------------
 
 
G.  DELINQUENCY RATE (31+)
                                                                    MONTH                   POOL
-----------------------------------------------------------        BALANCE                BALANCE               %
MONTH
-----------------------------------------------------------
(A)  Current                                                           1,218,770.40       118,039,767.11          1.0325%
                                                           -------------------------------------------------------------
(B)  1st Previous                                                      462,380.88         124,630,130.46          0.3710%
                                                           -------------------------------------------------------------
(C)  2nd Previous                                                      800,412,05         131,946,266.49          0.6066%
                                                           -------------------------------------------------------------
(D)  Three-Month Rolling Average (2%)                                  827,187.78         124,872,054.69          0.6624%
                                                           -------------------------------------------------------------
 

H.  NET LOSS RATE
                                                                                    LIQUIDATION  AVERAGE            DEFAULTED
MONTH                                                              BALANCE          PROCEEDS     BALANCE          (ANNUALIZED)
-----------------------------------------------------------
(A)  Current                                                           442,798.01  196,487.95  121,334,948.79       2.2382%
                                                           ------------------------------------------------------------------------
(B)  1st Previous                                                      702,583.07  259,668.43  128,288,198.48       4.1430%
                                                           ------------------------------------------------------------------------
(C)  2nd Previous                                                      353,490.61   64,959.46  135,265,278.37       2.5597%
                                                           ------------------------------------------------------------------------
(D)  Three-Month Rolling Average Net Default Rate 3%                   492,957.23  173,705.28  128,296,141.88       2.9861%
                                                           ------------------------------------------------------------------------


</TABLE>
<PAGE>
 
<TABLE>
<CAPTION>
                                   Bay View Securitization Corporation
                                 For Remittance Date:  April 30, 1998
 
I.  CHARGE-OFF / RECOVERIES
                                                                    NUMBER                 BALANCE
<S>                                                          <C>                    <C>
(A)  Collection Period Charge-Off Receivables                                   35              263,357.17
                                                           -----------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                  609            4,357,334.41
                                                           -----------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                                NA               37,047.11
                                                           -----------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                          NA              317,466.28
                                                           -----------------------------------------------
 
 
 
J. REPOSSESSIONS
 
(A)  Collection Period Repossessions                                            29              365,613.57
                                                           -----------------------------------------------
(B)  Aggregate Repossessions                                                   433            5,118,725.92
                                                           -----------------------------------------------
(C)  Unliquidated Repossessions                                                 30              371,011.43
                                                           -----------------------------------------------
 
 
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                                                  479,347.85
                                                           -----------------------
(B)  Deposit                                                            190,262.71
                                                           -----------------------
(C)  Withdrawal                                                               0.00
                                                           -----------------------
(D)  Ending Balance                                                     669,610.56
                                                           -----------------------
 
</TABLE>



Approved By:           /s/ Michael A. Benavides
                       ------------------------
                       Michael A. Benavides
                       Vice President, Controller
                       Bay View Credit
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    FOR REMITTANCE DATE:  MARCH 31, 1998


<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                       79,700,277.49   52,245,989.00   131,946,266.49               13235
                                                           ---------------------------------------------------------------------
(C)  Collections (Regular Payments)                            3,677,692.57            0.00     3,677,692.57                 N/A
                                                           ---------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                           3,098,527.58            0.00     3,098,527.58                 504
                                                           ---------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                                0.00            0.00             0.00
                                                           ---------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                         75,709.62            0.00        75,709.62                 N/A
                                                           ---------------------------------------------------------------------
(G)  Principal Reductions (Other)                                      0.00            0.00             0.00                   0
                                                           ---------------------------------------------------------------------
(H)  Gross Charge Offs                                           436,800.98            0.00       436,800.98                  82
                                                           ---------------------------------------------------------------------
(I)  Repurchases                                                  27,405.28            0.00        27,405.28                  21
                                                           ---------------------------------------------------------------------
(J)  Ending Balance                                           72,384,141.46   52,245,989.00   124,630,130.46               12628
                                                           ---------------------------------------------------------------------
 
    Notional Principal Balance:
(K)  Beginning                                                                                 60,779,142.13
                                                                                           -----------------
(L)  Ending                                                                                    54,362,424.89
                                                                                           -----------------
 
(M)  Certificate Factor                                          36.0157735%    100.0000000%      49.2171531%
                                                           -------------------------------------------------
 
 
B.  CASH FLOW RECONCILIATION
                                                                                                  TOTAL
(A)  Cash Wired                                                                                 8,381,032.96
                                                                                           -----------------
(B)  Interest Wired/Earned                                                                         30,036.87
                                                                                           -----------------
(C)  Withdrawal from Payahead Account                                                              75,709.62
                                                                                           -----------------
(D)  Advances                                                                                           0.00
                                                                                           -----------------
(E)  Repurchases                                                                                   27,405.28
                                                                                           -----------------
(F)  Gross Charge-Off Recoveries                                                                   28,446.32
                                                                                           -----------------
(G)  Gross Charge-Off Advances                                                                     28,290.51
                                                                                           -----------------
(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                                                                  8,570,921.56
                                                                                           -----------------
 
 
C.  TRUSTEE DISTRIBUTION
                                                                                                  TOTAL
(A)  Total Cash Flow                                                                            8,570,921.56
                                                                                           -----------------
(B)  Unrecovered Interest Advances                                                                 27,975.19
                                                                                           -----------------
(C)  Servicing Fee (Due and Unpaid)                                                               109,955.22
                                                                                           -----------------
(D)  Interest to "A-1" Certificate Holders, including Overdue                                     417,762.29
                                                                                           -----------------
(E)  Interest to "A-2" Certificate Holders, including Overdue                                     286,917.56
                                                                                           -----------------
(F)  Interest to "I" Certificate Holders, including Overdue                                       159,545.25
                                                                                           -----------------
 
(G)  Principal to "A-1" Certificate Holders, including Overdue                                  7,316,136.03
(H)  Principal to "A-2" Certificate Holders, including Overdue                                          0.00
                                                                                           -----------------
(I)  Reinsurance Fee                                                                                    0.00
                                                                                           -----------------
(J)  Surety Bond Fee                                                                               19,116.53
                                                                                           -----------------
(K)        First Loss Protection                                                   2,623.22
                                                                           ----------------
(L)        Surety Bond Premium                                                    16,493.28
                                                                           ----------------
(M)  Interest Advance Recovery Payments                                                            79,291.58
                                                                                           -----------------
(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                                                                           -3,833.06
                                                                                           -----------------
</TABLE>
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    FOR REMITTANCE DATE:  MARCH 31, 1998
<TABLE> 
<CAPTION> 
 
<S>                                                          <C>                    <C>                   <C>               <C>
    (R)  Bank Account Interest to Servicer                                                                     30,036.87
                                                                                                        ----------------
    (S)  Excess Yield                                                                                         128,018.13
                                                                                                        ----------------
 
             BALANCE                                                                                                0.00
                                                                                                        ----------------
 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                                       SPREAD ACCOUNT      SURETY BOND
(A)  Beginning Balance                                                                      3,374,053.20  129,813,400.83
                                                                                 ---------------------------------------
(B)  Additions to Spread Amount                                                               128,018.13             N/A
                                                                                 ---------------------------------------
(C)  Interest Earned                                                                           14,371.04
                                                                                 ---------------------------------------
(D)  Draws                                                                                          0.00            0.00
                                                                                 ---------------------------------------
(E)  Reimbursement for Prior Draws                                                                   N/A            0.00
                                                                                 ---------------------------------------
(F)  Distribution of Funds to Servicer                                                              0.00            0.00
                                                                                 ---------------------------------------
(G)  Ending Balance                                                                         3,516,442.37  122,209,427.11
                                                                                 ---------------------------------------
 
(H)  Required Balance                                                                       4,673,629.89  122,209,427.11
                                                                                 ---------------------------------------
(I)  Distribution to "IC" Class                                                                     0.00
                                                                                 -----------------------
 
 
E.  CURRENT RECEIVABLES DELINQUENCY
#PAYMENT DELINQUENCY                                                NUMBER                BALANCE
-----------------------------------------------------------
(A)  31-60                                                                     40             249,770.01
                                                           ---------------------------------------------
(B)  61-90                                                                     29             212,610,87
                                                           ---------------------------------------------
(C)  91+                                                                        0                   0.00
                                                           ---------------------------------------------
(D)  Total                                                                     69             462,380.88
                                                           ---------------------------------------------
 
 
F.  EXCESS YIELD
                                                             EXCESS YIELD BALANCE           POOL           EXCESS YIELD
MONTH                                                                                     BALANCE         (ANNUALIZED %)
-----------------------------------------------------------
(A)  Current                                                           128,018.13         124,630,130.46          1.2326%
                                                           -------------------------------------------------------------
(B)  1st Previous                                                      195,671.17         131,946,266.49          1.7796%
                                                           -------------------------------------------------------------
(C)  2nd Previous                                                      235,613.31         138,584,290.24          2.0402%
                                                           -------------------------------------------------------------
(D)  3rd Previous                                                      184,914.80         145,113,932.12          1.5291%
                                                           -------------------------------------------------------------
(E)  4th Previous                                                      236,132.00         151,956,095.91          1.8647%
                                                           -------------------------------------------------------------
(F)  5th Previous                                                     (182,279.53)        158,864,356.65         -1.3769%
                                                           -------------------------------------------------------------
(G)  Six-Month Rolling Excess Yield (>=1.75%)                          133,011.65         141,849,178.65          1.1252%
                                                           -------------------------------------------------------------
 
 
G.  DELINQUENCY RATE (31+)
                                                                    MONTH                   POOL
-----------------------------------------------------------        BALANCE                BALANCE               %
MONTH
-----------------------------------------------------------
(A)  Current                                                           462,380.88         124,630,130.46          0.3710%
                                                           -------------------------------------------------------------
(B)  1st Previous                                                      800,412.05         131,946,266.49          0.6066%
                                                           -------------------------------------------------------------
(C)  2nd Previous                                                      771,406.96         138,584,290.24          0.5566%
                                                           -------------------------------------------------------------
(D)  Three-Month Rolling Average (2%)                                  678,066.63         131,720,229.06          0.5148%
                                                           -------------------------------------------------------------
 

H.  NET LOSS RATE
                                                                                    LIQUIDATION  AVERAGE            DEFAULTED
MONTH                                                              BALANCE          PROCEEDS     BALANCE          (ANNUALIZED)
-----------------------------------------------------------
(A)  Current                                                           702,583.07  259,668.43  128,288,198.48       4.1430%
                                                           ------------------------------------------------------------------------
(B)  1st Previous                                                      353,490.61   64,959.46  135,265,278.37       2.5597%
                                                           ------------------------------------------------------------------------
(C)  2nd Previous                                                      285,843.84   77,686.89  141,849,111.18       1.7609%
                                                           ------------------------------------------------------------------------
(D)  Three-Month Rolling Average Net Default Rate 3%                   447,305.84  134,104.93  135,134,196.01       2.7812%
                                                           ------------------------------------------------------------------------


</TABLE>
<PAGE>
 
<TABLE>
<CAPTION>
                                   Bay View Securitization Corporation
                                 For Remittance Date:  March 31, 1998
 
I.  CHARGE-OFF / RECOVERIES
                                                                    NUMBER                 BALANCE
<S>                                                          <C>                    <C>
(A)  Collection Period Charge-Off Receivables                                   82              440,235.16
                                                           -----------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                  574            4,093,977.24
                                                           -----------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                                NA               31,880.50
                                                           -----------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                          NA              280,419.15
                                                           -----------------------------------------------
 
 
 
J. REPOSSESSIONS
 
(A)  Collection Period Repossessions                                            17              217,742.30
                                                           -----------------------------------------------
(B)  Aggregate Repossessions                                                   404            4,753,112.35
                                                           -----------------------------------------------
(C)  Unliquidated Repossessions                                                 19              245,387.07
                                                           -----------------------------------------------
 
 
K.  FORCED PLACE INSURANCE
 
(A)  FPI Charge-Offs                                                             0                    0.00
                                                           -----------------------------------------------
(B)  FPI Canceled/Waived/Removed/ Reversed                                      89              310,488.23
                                                           -----------------------------------------------
 
 
L.  PAYAHEAD RECONCILIATION
 
(A)  Beginning Balance                                                  555,057.47
                                                           -----------------------
(B)  Deposit                                                                  0.00
                                                           -----------------------
(C)  Withdrawal                                                          79,542.68
                                                           -----------------------
(D)  Ending Balance                                                     479,347.85
                                                           -----------------------
 
</TABLE>



Approved By:           /s/ Michael A. Benavides
                       ------------------------
                       Michael A. Benavides
                       Vice President, Controller
                       Bay View Credit
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    FOR REMITTANCE DATE:  FEBRUARY 28, 1998


<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                       86,338,301.24   52,245,989.00   138,584,290.24               13720
                                                           ---------------------------------------------------------------------
(C)  Collections (Regular Payments)                            3,611,528.04            0.00     3,611,528.04                 N/A
                                                           ---------------------------------------------------------------------
(D)  Collections (Principal Payoffs)                           2,741,941.49            0.00     2,741,941.49                 431
                                                           ---------------------------------------------------------------------
(E)  Collections (Principal Recoveries)                                0.00            0.00             0.00
                                                           ---------------------------------------------------------------------
(F)  Withdrawal from Payahead (Principal)                              0.00            0.00             0.00                 N/A
                                                           ---------------------------------------------------------------------
(G)  Principal Reductions (Other)                                      0.00            0.00             0.00                   0
                                                           ---------------------------------------------------------------------
(H)  Gross Charge Offs                                           270,237.30            0.00       270,237.30                  41
                                                           ---------------------------------------------------------------------
(I)  Repurchases                                                  14,316.92            0.00        14,316.92                  13
                                                           ---------------------------------------------------------------------
(J)  Ending Balance                                           79,700,277.49   52,245,989.00   131,946,266.49               13235
                                                           ---------------------------------------------------------------------
 
    Notional Principal Balance:
(K)  Beginning                                                                                 67,613,579.58
                                                                                           -----------------
(L)  Ending                                                                                    60,779,142.13
                                                                                           -----------------
 
(M)  Certificate Factor                                          39.6560225%    100.0000000%      52.1063371%
                                                           -------------------------------------------------
 
 
B.  CASH FLOW RECONCILIATION
                                                                                                  TOTAL
(A)  Cash Wired                                                                                 7,857,991.96
                                                                                           -----------------
(B)  Interest Wired/Earned                                                                         27,957.12
                                                                                           -----------------
(C)  Withdrawal from Payahead Account                                                                   0.00
                                                                                           -----------------
(D)  Advances                                                                                           0.00
                                                                                           -----------------
(E)  Repurchases                                                                                   14,316.92
                                                                                           -----------------
(F)  Gross Charge-Off Recoveries                                                                   26,644.26
                                                                                           -----------------
(G)  Gross Charge-Off Advances                                                                     25,864.41
                                                                                           -----------------
(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                                                                  7,952,774.67
                                                                                           -----------------
 
 
C.  TRUSTEE DISTRIBUTION
                                                                                                  TOTAL
(A)  Total Cash Flow                                                                            7,952,774.67
                                                                                           -----------------
(B)  Unrecovered Interest Advances                                                                 25,693.04
                                                                                           -----------------
(C)  Servicing Fee (Due and Unpaid)                                                               115,486.91
                                                                                           -----------------
(D)  Interest to "A-1" Certificate Holders, including Overdue                                     452,556.60
                                                                                           -----------------
(E)  Interest to "A-2" Certificate Holders, including Overdue                                     286,917.56
                                                                                           -----------------
(F)  Interest to "I" Certificate Holders, including Overdue                                       177,485.65
                                                                                           -----------------
 
(G)  Principal to "A-1" Certificate Holders, including Overdue                                  6,638,023.75
(H)  Principal to "A-2" Certificate Holders, including Overdue                                          0.00
                                                                                           -----------------
(I)  Reinsurance Fee                                                                                    0.00
                                                                                           -----------------
(J)  Surety Bond Fee                                                                               20,290.83
                                                                                           -----------------
(K)        First Loss Protection                                                   2,967.79
                                                                           ----------------
(L)        Surety Bond Premium                                                    17,323.04
                                                                           ----------------
(M)  Interest Advance Recovery Payments                                                             8,859.00
                                                                                           -----------------
(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                                                                            3,833.06
                                                                                           -----------------
</TABLE>
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    FOR REMITTANCE DATE:  FEBRUARY 28, 1998
<TABLE> 
<CAPTION> 
 
<S>                                                          <C>                    <C>                   <C>               <C>
    (R)  Bank Account Interest to Servicer                                                                     27,957.12
                                                                                                        ----------------
    (S)  Excess Yield                                                                                         195,671.17
                                                                                                        ----------------
 
             BALANCE                                                                                                0.00
                                                                                                        ----------------
 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                                                       SPREAD ACCOUNT      SURETY BOND
(A)  Beginning Balance                                                                      3,416,239.84  136,509,616.85
                                                                                 ---------------------------------------
(B)  Additions to Spread Amount                                                               195,671.17             N/A
                                                                                 ---------------------------------------
(C)  Interest Earned                                                                           13,069.66
                                                                                 ---------------------------------------
(D)  Draws                                                                                          0.00            0.00
                                                                                 ---------------------------------------
(E)  Reimbursement for Prior Draws                                                                   N/A            0.00
                                                                                 ---------------------------------------
(F)  Distribution of Funds to Servicer                                                        250,927.47            0.00
                                                                                 ---------------------------------------
(G)  Ending Balance                                                                         3,374,053.20  129,813,400.83
                                                                                 ---------------------------------------
 
(H)  Required Balance                                                                       4,947,984.99  129,813,400.83
                                                                                 ---------------------------------------
(I)  Distribution to "IC" Class                                                                     0.00
                                                                                 -----------------------
 
 
E.  CURRENT RECEIVABLES DELINQUENCY
#PAYMENT DELINQUENCY                                                NUMBER                BALANCE
-----------------------------------------------------------
(A)  31-60                                                                     51             490,106.64
                                                           ---------------------------------------------
(B)  61-90                                                                     40             310,305.41
                                                           ---------------------------------------------
(C)  91+                                                                        0                   0.00
                                                           ---------------------------------------------
(D)  Total                                                                     91             800,412.05
                                                           ---------------------------------------------
 
 
F.  EXCESS YIELD
                                                             EXCESS YIELD BALANCE           POOL           EXCESS YIELD
MONTH                                                                                     BALANCE         (ANNUALIZED %)
-----------------------------------------------------------
(A)  Current                                                           195,671.17         131,946,266.49          1.7796%
                                                           -------------------------------------------------------------
(B)  1st Previous                                                      235,613.31         138,584,290.24          2.0402%
                                                           -------------------------------------------------------------
(C)  2nd Previous                                                      184,914.80         145,113,932.12          1.5291%
                                                           -------------------------------------------------------------
(D)  3rd Previous                                                      236,132.00         151,956,095.91          1.8647%
                                                           -------------------------------------------------------------
(E)  4th Previous                                                     (182,279.53)        158,864,356.65         -1.3769%
                                                           -------------------------------------------------------------
(F)  5th Previous                                                      445,969.94         167,185,438.37          3.2010%
                                                           -------------------------------------------------------------
(G)  Six-Month Rolling Excess Yield (>=1.75%)                          186,003.61         148,941,729.96          1.4986%
                                                           -------------------------------------------------------------
 
 
G.  DELINQUENCY RATE (31+)
                                                                    MONTH                   POOL
-----------------------------------------------------------        BALANCE                BALANCE               %
MONTH
-----------------------------------------------------------
(A)  Current                                                           800,412.05         131,946,266.49          0.6066%
                                                           -------------------------------------------------------------
(B)  1st Previous                                                      771,406.96         138,584,290.24          0.5566%
                                                           -------------------------------------------------------------
(C)  2nd Previous                                                      765,091.48         145,113.932.12          0.5272%
                                                           -------------------------------------------------------------
(D)  Three-Month Rolling Average (2%)                                  778,970.16         138,548,162.95          0.5622%
                                                           -------------------------------------------------------------
 

H.  NET LOSS RATE
                                                                                    LIQUIDATION  AVERAGE            DEFAULTED
MONTH                                                              BALANCE          PROCEEDS     BALANCE          (ANNUALIZED)
-----------------------------------------------------------
(A)  Current                                                           353,490.61   64,959.46  135,265,278.37       2.5597%
                                                           ------------------------------------------------------------------------
(B)  1st Previous                                                      285,843.84   77,686.89  141,849,111.18       1.7609%
                                                           ------------------------------------------------------------------------
(C)  2nd Previous                                                      311,838.80  100,601.30  148,535,014.02       1.7066%
                                                           ------------------------------------------------------------------------
(D)  Three-Month Rolling Average Net Default Rate 3%                   317,057.75   81,082.55  141,883,134.52       1.9958%
                                                           ------------------------------------------------------------------------


</TABLE>
<PAGE>
 
<TABLE>
<CAPTION>
                                   Bay View Securitization Corporation
                                 For Remittance Date:  February 28, 1998
 
I.  CHARGE-OFF / RECOVERIES
                                                                    NUMBER                 BALANCE
<S>                                                          <C>                    <C>
(A)  Collection Period Charge-Off Receivables                                   41              272,152.78
                                                           -----------------------------------------------
(B)  Gross Charge-Offs Cumulative Receivables                                  492            3,653,742.08
                                                           -----------------------------------------------
(C)  Collection Period Recoveries on Charge-Offs                                NA               28,559.74
                                                           -----------------------------------------------
(D)  Recoveries on Charge-Offs To-Date                                          NA              248,538.65
                                                           -----------------------------------------------
 
 
 
J. REPOSSESSIONS
 
(A)  Collection Period Repossessions                                            19              221,340.52
                                                           -----------------------------------------------
(B)  Aggregate Repossessions                                                   387            4,535,370.05
                                                           -----------------------------------------------
(C)  Unliquidated Repossessions                                                 57              447,319.26
                                                           -----------------------------------------------
 
 
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                                                  555,057.47
                                                           -----------------------
(B)  Deposit                                                              3,833.06
                                                           -----------------------
(C)  Withdrawal                                                               0.00
                                                           -----------------------
(D)  Ending Balance                                                     558,890.53
                                                           -----------------------
 
</TABLE>



Approved By:           /s/ Michael A. Benavides
                       ------------------------
                       Michael A. Benavides
                       Vice President, Controller
                       Bay View Credit
<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                     For Remittance Date:  January 31, 1998
<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      92,867,943.12           52,245,989.00    145,113,932.12              14194         
    (C) Collections (Regular Payments)           3,705,210.32                    0.00      3,705,210.32                N/A   
    (D) Collections (Principal Payoffs)          2,526,889.16                    0.00      2,526,889.16                419   
    (E) Collections (Principal Recoveries)               0.00                    0.00              0.00                    
    (F) Withdrawal from Payahead (Principal)        40,713.40                    0.00         40,713.40                N/A        
    (G) Principal Reductions (Other)                     0.00                    0.00              0.00                  0   
    (H) Gross Charge Offs                          239,064.41                    0.00        239,064.41                 35 
    (I) Repurchases                                 17,764.59                    0.00         17,764.59                 20 
    (J) Ending Balance                          86,338,301.24           52,245,989.00    138,584,290.24              13720  
 
    Notional Principal Balance:               
    (K) Beginning                                                                         74,670,602.11 
    (L) Ending                                                                            67,613,579.58 
                                                                                                        
    (M) Certificate Factor                         42.9588670%            100.0000000%       54.7277308% 

<CAPTION>  
B.  CASH FLOW RECONCILIATION
                                                                                              Total
                                                                                           ------------
<S>                                                                                        <C> 
    (A) Cash Wired                                                                         7,813,150.52             
    (B) Interest Wired/Earned                                                                 31,622.70             
    (C) Withdrawal from Payahead Account                                                      40,713.40             
    (D) Advances                                                                                   0.00             
    (E) Repurchases                                                                           17,764.59             
    (F) Gross Charge-Off Recoveries                                                           27,931.49             
    (G) Gross Charge-Off Advances                                                             17,666.49             
    (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                                                                  7,948,849.19 

<CAPTION> 
C.  TRUSTEE DISTRIBUTION
                                                                                               Total
                                                                                           ------------
<S>                                                                                        <C> 
    (A) Total Cash Flow                                                                    7,948,849.19     
    (B) Unrecovered Interest Advances                                                         16,223.99     
    (C) Servicing Fee (Due and Unpaid)                                                       120,928.28     
    (D) Interest to "A-1" Certificate Holders, including Overdue                             486,782.80             
    (E) Interest to "A-2" Certificate Holders, including Overdue                             286,917.56             
    (F) Interest to "I" Certificate Holders, including Overdue                               196,010.33      
    (G) Principal to "A-1" Certificate Holders, including Overdue                          6,529,641.88             
    (H) Principal to "A-2" Certificate Holders, including Overdue                                  0.00             
    (I) Reinsurance Fee                                                                            0.00     
    (J) Surety Bond Fee                                                                       21,600.55      
    (K)       First Loss Protection                                          3,461.31                       
    (L)       Surety Bond Premium                                           18,139.24                        
    (M) Interest Advance Recovery Payments                                                    23,507.80      
    (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>
 


                               BAY VIEW SECURITIZATION CORPORATION      
                              For Remittance Date:  January 31, 1998 

<TABLE> 

<S>                                                                               <C> 
    (R) Bank Account Interest to Servicer                                            31,622.70               
    (S) Excess Yield                                                                235,613.31
 
        BALANCE                                                                           0.00
 
<CAPTION> 
D.  SPREAD ACCOUNT AND SURETY RECONCILIATION
                                                               Spread Account    Surety Bond
                                                               --------------   -------------
<S>                                                             <C>             <C> 
    (A) Beginning Balance                                       3,364,988.41    143,099,924.11     
    (B) Additions to Spread Amount                                235,613.31               N/A               
    (C) Interest Earned                                            15,314.17                       
    (D) Draws                                                           0.00              0.00     
    (E) Reimbursement for Prior Draws                                    N/A              0.00              
    (F) Distribution of Funds to Servicer                         199,676.05              0.00                 
    (G) Ending Balance                                          3,416,239.84    136,509,616.85     
 
    (H) Required Balance                                        3,165,312.36    136,509,616.85
    (I) Distribution to "IC" Class                                250,927.47

<CAPTION> 
E.  CURRENT RECEIVABLES DELINQUENCY
              #Payment Delinquency              Number             Balance
              --------------------              ------            ----------
<S>                                             <C>               <C> 
    (A) 31-60                                     58              420,157.82      
    (B) 61-90                                     43              351,249.14      
    (C) 91+                                        0                    0.00      
    (D) Total                                    101              771,406.96      

<CAPTION> 
F.  EXCESS YIELD
                                        Excess Yield              Pool                Excess Yield
                   Month                   Balance               Balance              (Annualized %)
                   -----                ------------          --------------          -------------
<S>                                     <C>                   <C>                     <C> 
    (A) Current                           235,613.31          138,584,290.24            2.0402%        
    (B) 1st Previous                      184,914.80          145,113,932.12            1.5291%        
    (C) 2nd Previous                      236,132.00          151,956,095.91            1.8647%        
    (D) 3rd Previous                     (182,279.53)         158,864,356.65           -1.3769%        
    (E) 4th Previous                      445,969.94          167,185,438.37            3.2010%        
    (F) 5th Previous                      588,174.45          175,522,760.36            4.0212%        
    (G) Six-Month Rolling Excess          
        Yield (greater or equal 
        to 1.75%)                         251,420.83          156,204,478.94            1.9315% 

<CAPTION> 
G.  DELINQUENCY RATE (31+)
                                            Month                 Pool
                   Month                   Balance               Balance                  %
                   -----                  ----------          --------------            -------
<S>                                       <C>                 <C>                       <C> 
    (A) Current                           771,406.96          138,584,290.24            0.5566%      
    (B) 1st Previous                      765,091.48          145,113.932.12            0.5272%      
    (C) 2nd Previous                      658,050.21          151,956.095.91            0.4331%      
    (D) Three-Month Rolling Average 
        (less than 2%)                    731,516.22          145,218,106.09            0.5037%       

<CAPTION> 
H.  NET LOSS RATE
                                                                  Liquidation       Average           Defaulted 
                   Month                   Balance                  Proceeds        Balance          (Annualized) 
                   -----                  ----------              -----------   --------------       ------------
<S>                                       <C>                     <C>           <C>                    <C> 
    (A) Current                           285,843.84               77,686.89    141,849,111.18         1.7609%   
    (B) 1st Previous                      311,838.80              100,601.30    148,535,014.02         1.7066%   
    (C) 2nd Previous                      473,465.62              109,244.10    155,410,226.28         2.8123%   
    (D) Three-Month Rolling Average Net   
        Default Rate less than 3%         357,049.42               95,844.10    148,598,117.16         2.1094% 
</TABLE> 

<PAGE>
 
                      BAY VIEW SECURITIZATION CORPORATION
                    For Remittance Date:  January 31, 1998

<TABLE> 
<CAPTION> 


I.  CHARGE-OFF / RECOVERIES
                                                               Number            Balance  
                                                               ------          -----------  
<S>                                                            <C>                <C> 
    (A) Collection Period Charge-Off Receivables                 35              240,041.41            
    (B) Gross Charge-Offs Cumulative Receivables                451            3,381,589.30            
    (C) Collection Period Recoveries on Charge-Offs              NA               28,908.49 
    (D) Recoveries on Charge-Offs To-Date                        NA              219,978.91  
                        
  
J.  REPOSSESSIONS
 
    (A) Collection Period Repossessions                          20              230,628.14                     
    (B) Aggregate Repossessions                                 368            4,314,029.53                     
    (C) Unliquidated Repossessions                               68              540,231.80                      
 
 
K.  FORCED PLACE INSURANCE
 
    (A) FPI Charge-Offs                                           0                    0.00 
    (B) FPI Canceled/Waived/Removed/Reversed                     41              120,211.94   
 
  
L.  PAYAHEAD RECONCILIATION
 
    (A) Beginning Balance                                595,770.87
    (B) Deposit                                                0.00  
    (C) Withdrawal                                        40,713.40  
    (D) Ending Balance                                   555,057.47   
 </TABLE>



 Approved By:  /s/ Michael A. Benavides
               ------------------------
               Michael A. Benavides
               Vice President, Controller
               California Thrift & Loan