Wachovia Asset Securitization Issuance
Asset-Backed Notes, Series 2003-HE3
2004 Annual Statement to Securityholders
Distribution Summary
Original Beginning Current Ending
Certificate Certificate Certificate Realized Total Certificate
Class Cusip Rate Balance Balance Interest Principal Loss Distribution Balance
A 92975TAA2 2.430630% 500,000,000.00 500,000,000.00 7,512,751.93 117,024,698.45 0.00 124,537,450.38 382,975,301.55
Factors per Thousand 1000.00000000 15.02550386 234.04939690 249.07490076 765.95060310
Certificate n/a n/a 0.00 7,015.50 3,683,013.60 0.00 0.00 3,683,013.60 5,052,776.63
Totals 500,000,000.00 500,000,000.00 11,195,765.53 117,024,698.45 0.00 128,220,463.98 382,975,301.55
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Collection Activity
Interest
Interest Collected 19,107,382.80
(Additional Balance Interest) 0.00
(Relief Act Shortfalls) 0.00
Total Interest Collected 19,107,382.80
Principal
Principal Collected 235,622,175.01
Net Liquidation Proceeds 0.00
Substitute Adjustment Amount 0.00
Other Principal Collected 0.00
(Additional Balance Increase) 0.00
(Draw Amounts) (129,060,124.54)
Total Principal Collected 106,562,050.47
Additional Funds
Additional Funds from the Funding Account 22,055,469.05
Draws from the Policy 0.00
Yield Maintenance Payment 0.00
Total Additional Funds Collected 22,055,469.05
Fees
Enhancer Premium 586,332.18
Servicing Fee 2,243,959.29
Trustee Fee 0.00
Total Fees Paid 2,830,291.47
Total Available Collections 128,220,463.98
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Collateral Information
Periodic Information
Beginning Collateral Balance 494,625,693.32
Ending Collateral Balance 388,028,078.18
Liquidation Loss Amounts 38,512.63
Cumulative Liquidation Loss Amounts 38,512.63
Gross WAC 4.869%
WAM 205
Original Information
Collateral Balance 500,007,015.50
Number of Loans 9,940
Delinquent:
30-59 Days 126,122.60
60-89 Days 395,327.94
90-119 Days 0.00
120-149 Days 144,018.55
150-179 Days 0.00
180+ Days 52,776.63
Total 718,245.72
Foreclosure: 155,099.51
REO: 0.00
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Additional Account Activity
Funding Account
Beginning Balance 5,381,322.18
Interest Earnings 0.00
Deposits 16,674,146.87
Withdrawal -22,055,469.05
Interest Earnings to Collection Account 0.00
Ending Balance 0.00
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