Wachovia Asset Securit Issuance LLC 2003-he3 TR 8-K Other Events

Wachovia Asset Securitization Issuance, LLC Series 2003-HE3 Statement to Securityholders Distribution Date: 10/25/05 Distribution Summary Original Beginning Unpaid Ending Certificate Certificate Certificate Principal Total Certificate Class Cusip Rate Balance Balance Interest Principal Amount Distribution Balance A 92975TAA2 4.080000% 500,000,000.00 289,599,804.44 951,818.02 9,728,174.15 0.00 10,679,992.17 279,871,630.29 Factors per Thousand 579.19960888 1.90363604 19.45634830 21.35998434 559.74326058 Certificate n/a 0.000000% 0.00 5,126,958.29 263,304.01 0.00 0.00 263,304.01 5,126,958.29 Totals 500,000,000.00 289,599,804.44 1,215,122.03 9,728,174.15 0.00 10,943,296.18 279,871,630.29 - Page 1 - Bond Interest Information Type of Accrual Moody's S & P Fitch Class Cusip Certificate Period LIBOR Margin Original Rating* Original Rating* Original Rating A 92975TAA2 Senior/Variable 29/360 3.83000% 0.25000% Aaa AAA n/a Certificate n/a Residual - - - - - - 0 - Page 2 - Bond Interest Information Current Outstanding Current Current Class Cusip Interest Due Interest Carryforward Interest Carryforward Carryforward Paid A 92975TAA2 951,818.02 0.00 0.00 0.00 - Page 3 - Collection Activity Interest Interest Collected 1,527,059.81 (Additional Balance Interest) 0.00 (Relief Act Shortfalls) 0.00 Total Interest Collected 1,527,059.81 Principal Principal Collected 15,682,869.71 Net Liquidation Proceeds 0.00 Substitute Adjustment Amount 0.00 Other Principal Collected 0.00 (Additional Balance Increase) 0.00 (Draw Amounts) (6,112,457.20) Total Principal Collected 9,570,412.51 Additional Funds Additional Funds from the Funding Account 0.00 Draws from the Policy 0.00 Yield Maintenance Payment 0.00 Total Additional Funds Collected 0.00 Total Available Collections 11,097,472.32 - Page 4 - Collateral Information Periodic Information Beginning Collateral Balance 294,726,762.73 Ending Collateral Balance 285,094,020.72 Current Liquidation Loss Amounts 62,329.50 Cumulative Liquidation Loss Amounts 225,652.34 Gross WAC 6.330% Net WAC 6.580% WAM 196 AGE 38 Gross CPR 48.116% Net CPR 32.708% Draw Rate 22.236% Original Information Collateral Balance 500,007,015.50 Number of Loans 9,940 Gross WAC 4.118% WAM 234 LIBOR 1.12000% Overcollateralization Information Overcollateralization Target Amount 5,222,390.43 Beginning Overcollateralization Amount 5,126,958.29 Ending Overcollateralization Amount 5,222,390.43 Overcollateralization Increase 95,432.14 Overcollateralization Decrease 0.00 - Page 5 - Additional Account Activity Funding Account Beginning Balance 0.00 Interest Earnings 0.00 Deposits 0.00 Withdrawals 0.00 Interest Earnings to Collection Account 0.00 Ending Balance 0.00 - Page 6 - Delinquency Information Delinquent: # $ % 30-59 Days 4 110,920.30 0.039% 60-89 Days 3 408,327.79 0.143% 90-119 Days 0 0.00 0.000% 120-149 Days 2 37,988.89 0.013% 150-179 Days 0 0.00 0.000% 180+ Days 3 222,390.43 0.078% Total 12 779,627.41 0.273% Foreclosure: # $ % 5 260,379.30 0.091% REO: # $ % 0 0.00 0.000% - Page 7 - Additional Reporting Items Fees Additional Information Servicing Fee 122,802.82 # of Loans using a Promotional Rate 0 Enhancer Premium 31,373.31 Promotional Advances 0.00 Indenture Trustee Expenses 0.00 3 Largest Mortgage Loan Balances 4,467,579.49 Paying Agent Expenses 0.00 Additional Balances created during the first Rapid Amortization Period 0.00 Total Fees 154,176.13 Cumulative Liquidation Loss Amount % 0.045% Cumulative Subsequent Mortgage Loans 0.00 Deficiency Amount 0.00 Draws from Policy not yet Reimbursed 0.00 Percentage Interest Class A 100.00% Stepdown Cumulative Loss Test Met? (Yes / No) Yes Stepdown Date Active (Yes / No) No Amortization Period Stepdown Delinquency Test Met? (Yes / No) Yes Revolving (Yes / No) No Managed Amortization (Yes / No) Yes Rapid Amortization (Yes / No) No - Page 8 -