Wachovia Asset Securit Issuance LLC 2003-he3 TR Inactive
Filed: 9 Feb 04, 12:00am
Monthly Statements to the Securityholders
Pursuant to Section 4.01 of the Sale and Servicing Agreement
Wachovia Asset Securitization Inc
2003-HE3
| Monthly Period Payment Date | November 19, 2003 to November 30, 2003 December 26, 2003 |
| Aggregate Amount Collected for the Collection Period | ||||
| Interest | $ | 1,296,576.32 | ||
| Principal Collections | $ | 19,929,597.38 | ||
| Substition Amounts | $ | — |
| Application of Collected Amounts |
| Applied in the following order of priority: | Factor per 1000 | |||||||||
| (i) | Enhancer Premium | $ | 54,166.67 | |||||||
| (ii) | A-1 Noteholder’s Interest | $ | 704,027.78 | 1.4080555556 | ||||||
| (iii) | Principal Collections to Funding Account | $ | 5,381,322.18 | |||||||
| (iv) | Excess Spread (during Revolving) | $ | — | |||||||
| (v) | Excess Spread (during AP) | $ | 538,381.88 | |||||||
| (vi) | Additional Balance Increase from Excess Spread (during MAP) | $ | — | |||||||
| (vii) | A-1 Noteholder’s Principal Distribution | $ | — | 0.0000000 | ||||||
| (viii) | Enhancer for Prior Draws | $ | — | |||||||
| (ix) | Liquidation Loss Amount | $ | — | |||||||
| (x) | Enhancer | $ | — | |||||||
| (xi) | Interest Shortfalls | $ | — | |||||||
| (xii) | Indenture Trustee | $ | — | |||||||
| (xiii) | Certificates | $ | 538,381.88 | |||||||
| Balances | ||||||||||||
| Factor | ||||||||||||
| Beginning A-1 Note Balance | $ | 500,000,000.00 | 1.0000000000 | |||||||||
| Ending A-1 Note Balance | $ | 500,000,000.00 | 1.0000000000 | |||||||||
| Change | $ | — | 0.0000000000 | |||||||||
| Beginning Excluded Amount | $ | — | ||||||||||
| Ending Excluded Amount | $ | — | ||||||||||
| Change | $ | — | ||||||||||
| Beginning Pool Balance | $ | 500,007,015.50 | 1.0000000000 | |||||||||
| Ending Pool Balance | $ | 494,625,693.32 | 0.9892375066 | |||||||||
| Change | $ | 5,381,322.18 | 0.0107624934 | |||||||||
| Beginning Principal Balance | $ | 500,007,015.50 | 1.0000000000 | |||||||||
| Ending Principal Balance | $ | 494,625,693.32 | 0.9892375066 | |||||||||
| Change | $ | 5,381,322.18 | 0.0107624934 | |||||||||
| Additional Draws | $ | 14,548,275.20 | ||||||||||
| Additional Balance Increase (Draws minus Payments) | $ | — | ||||||||||
| Beginning Funding Account Balance | $ | — | ||||||||||
| Deposit To (Withdrawal From) Account | $ | 5,381,322.18 | ||||||||||
| Ending Funding Account Balance | $ | 5,381,322.18 | ||||||||||
| Delinquencies | ||||||||||||||||
# | $ | |||||||||||||||
| Two statement cycle dates: | — | $ | — | |||||||||||||
| Three statement cycle dates: | — | $ | — | |||||||||||||
| Four statement cycle dates: | — | $ | — | |||||||||||||
| Five statement cycle dates: | — | $ | — | |||||||||||||
| Six statement cycle dates: | — | $ | — | |||||||||||||
| Seven + statement cycle dates: | — | $ | — | |||||||||||||
| Foreclosures | — | $ | — | |||||||||||||
| REO | — | $ | — | |||||||||||||
| Liquidation Loss Amount | — | $ | — | |||||||||||||
| Wachovia Bank, National Bank | ||||||||||||||||
| as Administrator | ||||||||||||||||
| Additional Information | UPB of 3 Largest Loans | |||||||||||
| Net WAC Rate | 3.46 | % | $ | 700,847.88 | ||||||||
| Overcollateralization Target | $ | 250,000.00 | $ | 715,816.98 | ||||||||
| Overcollateralization Amount | $ | 7,015.50 | $ | 818,686.31 | ||||||||
| Funding Account Ending Balance | $ | 5,381,322.18 | ||||||||||
| Gross CPR (1 mo. Annualized) | 38.621 | % | ||||||||||
| Net CPR (1 mo. Annualized) | 12.177 | % | ||||||||||
| Draw Rate (1 mo. Annualized) | 29.836 | % | ||||||||||
| WAM | 217.26 | |||||||||||
| AGE | 19.23 | |||||||||||
Allocation of Collected Funds
| Interest Collections | Principal Collections | |||||||||
| Total Collected | $ | (1,504,912.58 | ) | Total Collected | $ | (19,929,597.38 | ) | |||
| Servicing Fee | $ | 208,336.26 | A-1 Principal | $ | — | |||||
| Enhancer Premium | $ | 54,166.67 | Add’l Balance Increase | $ | — | |||||
| Additional Balance Interest | $ | — | Net Draws | $ | 14,548,275.20 | |||||
| A-1 Interest | $ | 704,027.78 | Funding Account | $ | 5,381,322.18 | |||||
| Excess Interest | $ | 538,381.88 | Net | $ | — | |||||
Net | $ | — | Previous Funding | $ | — | |||||
| Excess Interest | $ | (538,381.88 | ) | |||||||
| Certificateholder | $ | 538,381.88 | ||||||||
| Difference | $ | 0.00 |