Bayview Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
EXANTAS CAP CORP	COM NEW	30068N105	1,753	439,321	SH		SOLE	N/A	439,321	0	0
FIRST HORIZON CORPORATION	COM	320517105	9,765	765,311	SH		SOLE	N/A	765,311	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	43,810	1,074,835	SH		SOLE	N/A	1,074,835	0	0
GUILD HLDGS CO	CL A	40172N107	15,246	900,000	SH		SOLE	N/A	900,000	0	0
HILLTOP HOLDINGS INC	COM	432748101	28,532	1,037,145	SH		SOLE	N/A	1,037,145	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	96,030	11,000	SH	Put	SOLE	N/A	11,000	0	0
MGIC INVT CORP WIS	COM	552848103	56,699	4,517,811	SH		SOLE	N/A	4,517,811	0	0
ONEMAIN HLDGS INC	COM	68268W103	49,118	1,019,897	SH		SOLE	N/A	1,019,897	0	0
RADIAN GROUP INC	COM	750236101	24,184	1,194,279	SH		SOLE	N/A	1,194,279	0	0
SLM CORP	COM	78442P106	19,089	1,540,696	SH		SOLE	N/A	1,540,696	0	0
SPDR KBW Regional Banking ETF	S&P REGL BKG	78464A698	64,938	12,500	SH	Call	SOLE	N/A	12,500	0	0
SPDR S&P 500 ETF Trust	TR UNIT	78462F103	93,470	2,500	SH	Put	SOLE	N/A	2,500	0	0
SPDR S&P Homebuilders ETF	S&P HOMEBUILD	78464A888	35,737	6,200	SH	Put	SOLE	N/A	6,200	0	0
WEBSTER FINL CORP CONN	COM	947890109	5,507	130,650	SH		SOLE	N/A	130,650	0	0