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


[WACHOVIA LOGO]	Wachovia Asset Securitization Inc.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	*Revised 2/28/03*


					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		122,000,000.00		634,984.90		7,065,716.38		0.00		7,700,701.28		114,934,283.62
Factors per								1000.00000000		5.20479426		57.91570803				63.12050230		942.08429197
Thousand
1-A-2	929757AD4		6.7287	%		469,719,720.00		469,719,720.00		2,633,836.03		27,032,114.39		0.00		29,665,950.42		442,687,605.61
Factors per								1000.00000000		5.60725028		57.54945607				63.15670634		942.45054393
Thousand
1-A-LR	929757AR3		0.0000	%		50.00		50.00		0.00		50.00		0.00		50.00		0.00
Factors per								1000.00000000		1000.00000000		1000.00000000				0.00000000
Thousand
1-A-R	929757AQ5		0.0000	%		50.00		50.00		0.00		50.00		0.00		50.00		0.00
Factors per								1000.00000000		1000.00000000		1000.00000000				0.00000000
Thousand
2-A-1	929757AB8		6.2500	%		235,000,000.00		235,000,000.00		1,223,126.44		14,543,550.77		0.00		15,766,677.21		220,456,449.23
Factors per								1000.00000000		5.20479336		61.88745009				67.09224345		938.11254991
Thousand
2-A-2	929757AE2		7.0707	%		1,158,150,741.00		1,158,150,741.00		6,824,138.14		71,413,292.26		0.00		78,237,430.40		1,086,737,448.74
Factors per								1000.00000000		5.89227110		61.66148303				67.55375413		938.33851697
Thousand
3-A-1	929757AC6		6.5000	%		42,458,000.00		42,458,000.00		229,824.19		2,921,762.18		0.00		3,151,586.37		39,536,237.82
Factors per								1000.00000000		5.41297730		68.81535117				74.22832847		931.18464883
Thousand
B-1	929757AF9		6.2553	%		29,413,000.00		29,413,000.00		153,218.73		83,141.85		0.00		236,360.58		29,329,858.15
Factors per								1000.00000000		5.20921803		2.82670418				8.03592221		997.17329582
Thousand
B-2	929757AG7		6.2553	%		14,705,000.00		14,705,000.00		76,601.55		41,566.69		0.00		118,168.24		14,663,433.31
Factors per								1000.00000000		5.20921795		2.82670452				8.03592248		997.17329548
Thousand
B-3	929757AH5		6.2553	%		11,554,000.00		11,554,000.00		60,187.53		32,659.74		0.00		92,847.27		11,521,340.26
Factors per								1000.00000000		5.20923749		2.82670417				8.03594167		997.17329583
Thousand
Totals						2,083,000,561.00		2,083,000,561.00		11,835,917.51		123,133,904.26		0.00		134,969,821.77		1,959,866,656.74


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.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	Revised 2/28/03


					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		6.2553	%		7,353,000.00		7,353,000.00		38,303.38		20,784.76		0.00		59,088.14		7,332,215.24
Factors per Thousand								1000.00000000		5.20921801		2.82670475				8.03592275		997.17329525
B-5	929757AK8		6.2553	%		5,253,000.00		5,253,000.00		27,363.91		14,848.68		0.00		42,212.59		5,238,151.32
Factors per Thousand								1000.00000000		5.20919665		2.82670474				8.03590139		997.17329526
B-6	929757AL6		6.2553	%		5,252,170.00		5,252,170.00		27,359.58		14,722.64		0.00		42,082.22		5,237,447.36
Factors per Thousand								1000.00000000		5.20919544		2.80315374				8.01234918		997.19684626
Totals						17,858,170.00		17,858,170.00		93,026.87		50,356.08		0.00		143,382.95		17,807,813.92
Components:
1-A-2A			6.2500	%		464,475,000.00		464,475,000.00		2,417,495.51		26,900,398.50		0.00		29,317,894.01		437,574,601.50
1-A-2B			—			5,244,720.00		5,244,720.00		0.00		131,715.89		0.00		131,715.89		5,113,004.11
PO
1-A-2C			0.5534	%		468,024,101.08		469,457,325.94		216,340.51		0.00		0.00		216,340.51		439,139,813.92
IO
Totals						469,719,720.00		469,719,720.00		2,633,836.02		27,032,114.39		0.00		29,665,950.41		442,687,605.61
2-A-2A			6.2500	%		1,151,094,000.00		1,151,094,000.00		5,991,205.39		71,238,272.45		0.00		77,229,477.84		1,079,855,727.55
2-A-2B			—			6,445,413.00		6,445,413.00		0.00		151,978.18		0.00		151,978.18		6,293,434.82
PO
2-A-2C			0.7775	%		1,260,174,638.14		1,258,217,059.75		814,615.05		0.00		0.00		814,615.05		1,174,909,685.53
IO
3-A-2A			—			611,328.00		611,328.00		0.00		23,041.63		0.00		23,041.63		588,286.37
PO
3-A-2B			0.7187	%		30,427,958.49		30,606,021.38		18,317.70		0.00		0.00		18,317.70		28,393,243.30
IO
Totals						1,158,150,741.00		1,158,150,741.00		6,824,138.14		71,413,292.26		0.00		78,237,430.40		1,086,737,448.74


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.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	*Revised 2/28/03*

Pool 1

Available Distribution Amount


Scheduled Principal		3,771,645.57
Curtailments		4,426,915.12
Liquidation Principal		26,024,639.89
Principal Adjustments		6,794.86
Foreclosure Principal		0.00

Total Principal		34,229,995.44
Interest		3,385,884.61
(Relief Act Shortfalls)		0.00
(Compensating Interest)		0.00
Periodic Advances		0.00

Total Interest		3,385,884.61

Available Distribution Amount	$	37,615,880.05

Fees


Servicer Fee*		117,526.42
Master Servicer Fee*		10,219.69
Certificate Administrator Fee		3,065.91

Total Fees	$	130,812.02

* Servicer withholds fee before remittance to Trustee

Additional Information


Aggregate Beginning Stated Principal Balance		613,181,313.59
Aggregate Ending Stated Principal Balance		578,951,318.15
Non-PO Pool Stated Principal Balance		607,935,612.90
PO Deferred Amounts		0.00
Realized Losses (Current / Aggregate)	0.00	0.00
Remaining Number of Loans		1,731
Senior Percentage		96.470	%
Senior Percentage — Total		96.479	%
Senior Prepayment Percentage		100.000	%
Subordinate Percentage		3.530	%
Subordinate Percentage — Aggregate		3.521	%
Subordinate Prepayment Percentage		0.000	%
WAC		6.876	%
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		8,116.00


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.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	*Revised 2/28/03*

Pool 2

Available Distribution Amount


Scheduled Principal		1,776,240.82
Curtailments		2,108,736.95
Liquidation Principal		82,108,157.52
Principal Adjustments		2,690.51
Foreclosure Principal		0.00

Total Principal		85,995,825.80
Interest		8,304,680.53
(Relief Act Shortfalls)		0.00
(Compensating Interest)		(8,116.00	)
Periodic Advances		0.00

Total Interest		8,296,564.53

Available Distribution Amount	$	94,292,390.33

Fees


Servicer Fee*		276,583.84
Master Servicer Fee*		24,050.77
Certificate Administrator Fee		7,215.23

Total Fees	$	307,849.84

* Servicer withholds fee before remittance to Trustee

Additional Information


Aggregate Beginning Stated Principal Balance		1,443,046,126.96
Aggregate Ending Stated Principal Balance		1,357,050,301.16
Non-PO Pool Stated Principal Balance		1,436,600,832.33
PO Deferred Amounts		0.00
Realized Losses (Current / Aggregate)	0.00	0.00
Remaining Number of Loans		3,394
Senior Percentage		96.484	%
Senior Percentage — Total		96.479	%
Senior Prepayment Percentage		100.000	%
Subordinate Percentage		3.516	%
Subordinate Percentage — Aggregate		3.521	%
Subordinate Prepayment Percentage		0.000	%
WAC		7.156	%
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


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.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	*Revised 2/28/03*

Pool 3

Available Distribution Amount


Scheduled Principal		389,658.33
Curtailments		521,242.53
Liquidation Principal		2,046,922.59
Principal Adjustments		620.97
Foreclosure Principal		0.00

Total Principal		2,958,444.42
Interest		256,994.22
(Relief Act Shortfalls)		0.00
(Compensating Interest)		0.00
Periodic Advances		0.00

Total Interest		256,994.22

Available Distribution Amount	$	3,215,438.64

Fees


Servicer Fee*		8,554.33
Master Servicer Fee*		743.85
Certificate Administrator Fee		223.16

Total Fees	$	9,521.34

* Servicer withholds fee before remittance to Trustee

Additional Information


Aggregate Beginning Stated Principal Balance		44,631,291.00
Aggregate Ending Stated Principal Balance		41,672,846.58
Non-PO Pool Stated Principal Balance		44,019,909.50
PO Deferred Amounts		0.00
Realized Losses (Current / Aggregate)	0.00	0.00
Remaining Number of Loans		324
Senior Percentage		96.452	%
Senior Percentage — Total		96.479	%
Senior Prepayment Percentage		100.000	%
Subordinate Percentage		3.548	%
Subordinate Percentage — Aggregate		3.521	%
Subordinate Prepayment Percentage		0.000	%
WAC		7.160	%
3-A-1 Unpaid Interest Shortfall paid		0.00
3-A-1 Unpaid Interest Shortfall remaining		0.00


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.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	*Revised 2/28/03*

Delinquency Information

Pool I

Aggregate Ending Balance of Loans

578,951,318.15

Pool II

Aggregate Ending Balance of Loans

1,357,050,301.16

Pool III

Aggregate Ending Balance of Loans

41,672,846.58


Delinquent Information		# Loans		Amount		%

Delinquent 1-30 Days			10		521,530.25		0.0901	%
Delinquent 31-60 Days			26		5,919,478.39		1.0224	%
Delinquent 61-90 Days			5		1,679,643.35		0.2901	%
Delinquent 91+ Days			0		0.00		0.0000	%
Foreclosures			1		87,551.43		0.0151	%
REO			0		0.00		0.0000	%
Bankruptcies*			5		584,353.17		0.1009	%
	Total		42		8,208,203.42		1.5187	%


Delinquent Information		# Loans		Amount		%

Delinquent 1-30 Days			6		98,868.63		0.0073	%
Delinquent 31-60 Days			50		14,477,477.53		1.0668	%
Delinquent 61-90 Days			9		3,399,518.06		0.2505	%
Delinquent 91+ Days			0		0.00		0.0000	%
Foreclosures			0		0.00		0.0000	%
REO			0		0.00		0.0000	%
Bankruptcies*			8		1,556,334.72		0.2688	%
	Total		65		17,975,864.22		1.3246	%


Delinquent Information		# Loans		Amount		%

Delinquent 1-30 Days			1		27,819.12		0.0668	%
Delinquent 31-60 Days			15		639,285.12		1.5341	%
Delinquent 61-90 Days			0		0.00		0.0000	%
Delinquent 91+ Days			0		0.00		0.0000	%
Foreclosures			0		0.00		0.0000	%
REO			0		0.00		0.0000	%
Bankruptcies*			5		338,618.30		0.0585	%
	Total		16		667,104.24		1.6008	%

* 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.	Record Date: 09/30/02
	Mortgage Pass-Through Certificates 2002-1	Previous Distribution: 09/27/02
	Statement to Certificateholder	Distribution Date: 10/25/02
	*Revised 2/28/03*

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