Wachovia Asset Securitization Issuance 8K Other events | SEC 12 Mar 03


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder *Revised 2/28/03*		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02


					Original	Beginning			Current		Ending
			Certificate		Certificate	Certificate			Realized	Total	Certificate
Class		Cusip	Rate		Balance	Balance	Interest	Principal	Loss	Distribution	Balance

1-A-1		929757AA0	6.2500	%	122,000,000.00	103,577,980.84	536,538.66	10,014,005.73	0.00	10,550,544.39	93,563,975.11
Factors per						848.99984295	4.39785787	82.08201418		86.47987205	766.91782877
Thousand
1-A-2		929757AD4	6.6622	%	469,719,720.00	399,313,958.77	2,216,926.17	38,241,395.13	0.00	40,458,321.30	361,072,563.64
Factors per						850.11112322	4.71967873	81.41322048		86.13289921	768.69790274
Thousand
1-A-LR		929757AR3	0.0000	%	50.00	0.00	0.00	0.00	0.00	0.00	0.00
Factors per						0.00000000		0.00000000		0.00000000	0.00000000
Thousand
1-A-R		929757AQ5	0.0000	%	50.00	0.00	0.00	0.00	0.00	0.00	0.00
Factors per						0.00000000		0.00000000		0.00000000	0.00000000
Thousand
2-A-1		929757AB8	6.2500	%	235,000,000.00	200,797,353.60	1,040,142.35	15,763,479.90	0.00	16,803,622.25	185,033,873.70
Factors per						854.45682383	4.42613766	67.07863787		71.50477553	787.37818596
Thousand
2-A-2		929757AE2	7.0076	%	1,158,150,741.00	990,095,658.46	5,781,810.56	77,268,275.07	0.00	83,050,085.63	912,827,383.39
Factors per						854.89360185	4.99227808	66.71694136		71.70921944	788.17666049
Thousand
3-A-1		929757AC6	6.5000	%	42,458,000.00	35,370,163.54	190,547.10	1,847,605.93	0.00	2,038,153.03	33,522,557.61
Factors per						833.06240379	4.48789627	43.51608484		48.00398111	789.54631895
Thousand
B-1		929757AF9	6.2552	%	29,413,000.00	29,244,869.18	151,618.48	85,468.22	0.00	237,086.70	29,159,400.96
Factors per						994.28379220	5.15481182	2.90579744		8.06060925	991.37799476
Thousand
B-2		929757AG7	6.2552	%	14,705,000.00	14,620,943.16	75,798.70	42,729.75	0.00	118,528.45	14,578,213.41
Factors per						994.28379191	5.15462088	2.90579735		8.06041823	991.37799456
Thousand
B-3		929757AH5	6.2552	%	11,554,000.00	11,487,954.93	59,556.09	33,573.58	0.00	93,129.67	11,454,381.35
Factors per						994.28379176	5.15458629	2.90579713		8.06038342	991.37799463
Thousand
	Totals				2,083,000,561.00	1,784,508,882.48	10,052,938.11	143,296,533.31	0.00	153,349,471.42	1,641,212,349.17


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder Revised 2/28/03		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02


						Original		Beginning						Current				Ending
			Certificate			Certificate		Certificate						Realized		Total		Certificate
Class		Cusip	Rate			Balance		Balance		Interest		Principal		Loss		Distribution		Balance

*Non-offered:*
B-4		929757AJ1		6.2552	%		7,353,000.00		7,310,968.72		37,904.71		21,366.33		0.00		59,271.04		7,289,602.39
Factors per									994.28379165		5.15499932		2.90579763				8.06079695		991.37799402
Thousand
B-5		929757AK8		6.2552	%		5,253,000.00		5,222,972.76		27,076.07		15,264.15		0.00		42,340.22		5,207,708.61
Factors per									994.28379212		5.15440129		2.90579669				8.06019798		991.37799543
Thousand
B-6		929757AL6		6.2552	%		5,252,170.00		5,222,266.06		27,072.39		15,262.10		0.00		42,334.49		5,207,003.96
Factors per									994.30636480		5.15451518		2.90586558				8.06038076		991.40049922
Thousand
	*Totals*						17,858,170.00		17,756,207.54		92,053.17		51,892.58		0.00		143,945.75		17,704,314.96
*Components:*
	1-A-2A			6.2500	%		464,475,000.00		394,339,202.06		2,042,695.00		38,125,043.53		0.00		40,167,738.53		356,214,158.53
	1-A-2B			—			5,244,720.00		4,974,756.71		0.00		116,351.60		0.00		116,351.60		4,858,405.11
PO
	1-A-2C			0.5372	%		468,024,101.08		391,291,896.64		174,231.17		0.00		0.00		174,231.17		349,602,815.58
IO
	*Totals*						469,719,720.00		399,313,958.77		2,216,926.17		38,241,395.13		0.00		40,458,321.30		361,072,563.64
	2-A-2A			6.2500	%		1,151,094,000.00		983,560,123.17		5,094,893.45		77,213,817.60		0.00		82,308,711.05		906,346,305.57
	2-A-2B			—			6,445,413.00		6,014,045.34		0.00		25,715.64		0.00		25,715.64		5,988,329.70
PO
	2-A-2C			0.7632	%		1,260,174,638.14		1,062,215,551.84		671,930.85		0.00		0.00		671,930.85		972,219,698.35
IO
	3-A-2A			—			611,328.00		521,489.95		0.00		28,741.83		0.00		28,741.83		492,748.12
PO
	3-A-2B			0.7187	%		30,427,958.49		25,161,678.77		14,986.26		0.00		0.00		14,986.26		23,902,924.39
IO
	*Totals*						1,158,150,741.00		990,095,658.46		5,781,810.56		77,268,275.07		0.00		83,050,085.63		912,827,383.39


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder Revised 2/28/03		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02

Pool 1

Available Distribution Amount


Scheduled Principal		3,381,802.72
Curtailments		1,181,330.47
Liquidation Principal		43,822,908.15
Principal Adjustments		6,196.21
Foreclosure Principal		0.00

Total Principal		48,392,237.55
Interest		2,881,503.60
(Relief Act Shortfalls)		0.00
(Compensating Interest)		(15,762.95	)
Periodic Advances		0.00

Total Interest		2,865,740.65

Available Distribution Amount	$	51,257,978.20

Fees


Servicer Fee*		100,449.83
Master Servicer Fee*		8,734.77
Certificate Administrator Fee		2,621.29

Total Fees	$	111,805.89

Additional Information


Aggregate Beginning Stated Principal Balance		524,086,053.64
Aggregate Ending Stated Principal Balance		475,693,816.09
Non-PO Pool Stated Principal Balance		519,110,316.25
PO Deferred Amounts		0.00
Realized Losses (Current / Aggregate)	0.00	0.00
Remaining Number of Loans		1,460
Senior Percentage		95.917	%
Senior Percentage — Total		95.917	%
Senior Prepayment Percentage		100.000	%
Subordinate Percentage		4.083	%
Subordinate Percentage — Aggregate		4.083	%
Subordinate Prepayment Percentage		0.000	%
WAC		6.848	%
1-A-1 Unpaid Interest Shortfall paid		0.00
1-A-1 Unpaid Interest Shortfall remaining		0.00
1-A-2A Unpaid Interest Shortfall paid		0.00
1-A-2A Unpaid Interest Shortfall remaining		0.00
1-A-2C Unpaid Interest Shortfall paid		0.00
1-A-2C Unpaid Interest Shortfall remaining		0.00
Bond Interest Reduction from Section 5.02c		55,387.34

•

Servicer withholds fee before remittance to Trustee


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder Revised 2/28/03		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02

Pool 2

Available Distribution Amount


Scheduled Principal		1,550,598.66
Curtailments		367,776.09
Liquidation Principal		91,146,245.96
Principal Adjustments		1,330.36
Foreclosure Principal		0.00

Total Principal		93,065,951.07
Interest		7,112,733.75
(Relief Act Shortfalls)		0.00
(Compensating Interest)		(39,624.39	)
Periodic Advances		0.00

Total Interest		7,073,109.36

Available Distribution Amount	$	100,139,060.43

Fees


Servicer Fee*		237,811.01
Master Servicer Fee*		20,679.22
Certificate Administrator Fee		6,204.63

Total Fees	$	264,694.86

Additional Information


Aggregate Beginning Stated Principal Balance		1,240,753,116.78
Aggregate Ending Stated Principal Balance		1,147,687,165.71
Non-PO Pool Stated Principal Balance		1,234,739,071.44
PO Deferred Amounts		0.00
Realized Losses (Current / Aggregate)	0.00	0.00
Remaining Number of Loans		2,900
Senior Percentage		95.920	%
Senior Percentage — Total		95.917	%
Senior Prepayment Percentage		100.000	%
Subordinate Percentage		4.080	%
Subordinate Percentage — Aggregate		4.083	%
Subordinate Prepayment Percentage		0.000	%
WAC		7.129	%
2-A-1 Unpaid Interest Shortfall paid		0.00
2-A-1 Unpaid Interest Shortfall remaining		0.00
2-A-2A Unpaid Interest Shortfall paid		0.00
2-A-2A Unpaid Interest Shortfall remaining		0.00
2-A-2C Unpaid Interest Shortfall paid		0.00
2-A-2C Unpaid Interest Shortfall remaining		0.00
3-A-2B Unpaid Interest Shortfall paid		0.00
3-A-2B Unpaid Interest Shortfall remaining		0.00

•

Servicer withholds fee before remittance to Trustee


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder *Revised 2/28/03*		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02

Pool 3

Available Distribution Amount


Scheduled Principal		338,737.29
Curtailments		82,284.12
Liquidation Principal		1,468,741.62
Principal Adjustments		474.24
Foreclosure Principal		0.00

Total Principal		1,890,237.27
Interest		215,155.18
(Relief Act Shortfalls)		0.00
(Compensating Interest)		0.00
Periodic Advances		0.00

Total Interest		215,155.18

Available Distribution Amount	$	2,105,392.45

Fees


Servicer Fee*		7,173.30
Master Servicer Fee*		623.77
Certificate Administrator Fee		187.98

Total Fees	$	7,985.05

Additional Information


Aggregate Beginning Stated Principal Balance		37,425,919.60
Aggregate Ending Stated Principal Balance		35,535,682.33
Non-PO Pool Stated Principal Balance		36,904,376.15
PO Deferred Amounts		0.00
Realized Losses (Current / Aggregate)	0.00	0.00
Remaining Number of Loans		288
Senior Percentage		95.843	%
Senior Percentage — Total		95.917	%
Senior Prepayment Percentage		100.000	%
Subordinate Percentage		4.157	%
Subordinate Percentage — Aggregate		4.083	%
Subordinate Prepayment Percentage		0.000	%
WAC		7.149	%
3-A-1 Unpaid Interest Shortfall paid		0.00
3-A-1 Unpaid Interest Shortfall remaining		0.00

•

Servicer withholds fee before remittance to Trustee


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder Revised 2/28/03		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02

Delinquency Information

Pool I

Aggregate Ending Balance of Loans

475,693,816.09


Delinquent Information		# Loans		Amount		%

Delinquent 1-30 Days			6		96,652.44		0.0203	%
Delinquent 31-60 Days			21		3,366,109.82		0.7076	%
Delinquent 61-90 Days			2		523,206.60		0.1100	%
Delinquent 91+ Days			2		391,394.26		0.0823	%
Foreclosures			0		0.00		0.0000	%
REO			0		0.00		0.0000	%
Bankruptcies*			4		581,755.05		0.1223	%

	Total		31		4,377,363.12		1.0425	%

Pool II

Aggregate Ending Balance of Loans

1,147,687,165.71


Delinquent Information		# Loans		Amount		%

Delinquent 1-30 Days			6		125,743.78		0.0110	%
Delinquent 31-60 Days			49		16,390,199.28		1.4281	%
Delinquent 61-90 Days			14		5,317,236.78		0.4633	%
Delinquent 91+ Days			1		388,741.36		0.0339	%
Foreclosures			0		0.00		0.0000	%
REO			0		0.00		0.0000	%
Bankruptcies*			5		1,319,820.72		0.2775	%

	Total		70		22,221,921.20		1.9362	%

Pool III

Aggregate Ending Balance of Loans

35,535,682.33


Delinquent Information		# Loans		Amount		%

Delinquent 1-30 Days			2		54,417.10		0.1531	%
Delinquent 31-60 Days			18		833,209.96		2.3447	%
Delinquent 61-90 Days			1		28,558.79		0.0804	%
Delinquent 91+ Days			1		129,424.57		0.3642	%
Foreclosures			0		0.00		0.0000	%
REO			0		0.00		0.0000	%
Bankruptcies*			4		327,954.53		0.0689	%

	Total		22		1,045,610.42		2.9424	%

•

Bankruptcies are included in the delinquency totals


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039


[WACHOVIA LOGO]		Wachovia Asset Securitization Inc. Mortgage Pass-Through Certificates 2002-1 Statement to Certificateholder Revised 2/28/03		Record Date: 11/30/02 Previous Distribution: 11/25/02 Distribution Date: 12/26/02

REO Properties added

Pool 1


Loan #		Principal Balance

None

Pool 2


Loan #		Principal Balance

None

Pool 3


Loan #		Principal Balance

None


Wachovia Bank, National Association Structured Finance Trust Services 401 South Tryon Street, 12th Floor Charlotte, North Carolina 28288-1179		Rob Ashbaugh Vice President Phone: 704-383-9568 Fax: 704-383-6039

Wachovia Asset Securitization Issuance Inactive 8-KOther events