SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 12, 2003
WACHOVIA ASSET SECURITIZATION ISSUANCE, LLC
(Exact name of registrant as specified in its charter)
DELAWARE 333-109298 56-1967773
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(State or other (Commission file number) (I.R.S. employer
jurisdiction of identification no.)
incorporation)
One Wachovia Center
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301 South College Street, Suite D
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Charlotte, North Carolina 28288
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(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (704) 374-4868
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Wachovia Asset Securitization, Inc.
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(Former Name or Former Address, if Changed Since Last Report)
Items 1 through 4, Item 6 and Item 8 are not included because they are not
applicable.
Item 5. Other Events.
The consolidated financial statements of MBIA Insurance Corporation, a
wholly owned subsidiary of MBIA Inc. and its subsidiaries as of
December 31, 2002 and December 31, 2001, and for each of the years in
the period ended December 31, 2002, prepared in accordance with
generally accepted accounting principles, included in the Annual
Report on form 10-K of MBIA Inc. for the year ended December 31, 2002,
and the consolidated financial statements of MBIA Insurance
Corporation and its subsidiaries as of June 30, 2003, and for the nine
month period ended June 30, 2003 and June 30, 2002 included in the
Quarterly Report on Form 10-Q of MBIA Inc. for the period ended June
30, 2003 are hereby incorporated by reference in (i) this Current
Report on Form 8-K; (ii) the prospectus, and (iii) the prospectus
supplement for Wachovia Asset Securitization Issuance, LLC
Asset-Backed Notes, Series 2003-HE3, and shall be deemed to be part
hereof and thereof.
In connection with the issuance of the Notes, the Company is filing
herewith the consent of PricewaterhouseCoopers LLP ("PWC") to the use
of their name and the incorporation by reference of their report in
the Prospectus relating to the issuance of the Notes. The consent of
PWC is attached hereto as Exhibit 23.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits
23.1 Consent of PWC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WACHOVIA ASSET SECURITIZATION
ISSUANCE, LLC
By: /s/ Robert Perret
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Name: Robert Perret
Title: Vice President
Dated: November 12, 2003
Exhibit 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Prospectus Supplement
of Wachovia Asset Securitization Issuance LLC, relating to Asset-Backed Notes,
Series 2003-HE3, comprising part of the Registration Statement (No. 333-109298)
of Wachovia Asset Securitization Issuance, LLC, of our reports, dated January
31, 2003, each of which is included or incorporated by reference in MBIA Inc.'s
Annual Report on Form 10-K for the year ended December 31, 2002, relating to our
audits of: the consolidated financial statements of MBIA Inc. and Subsidiaries
as of December 31, 2002 and 2001 and for each of the three years in the period
ended December 31, 2002; the consolidated financial statement schedules of MBIA
Inc. and Subsidiaries as of December 31, 2002 and 2001 and for each of the three
years in the period ended December 31, 2002; and, the consolidated financial
statements of MBIA Insurance Corporation and Subsidiaries as of December 31,
2002 and 2001 and for each of the three years in the period ended December 31,
2002. We also consent to the reference to our firm under the caption "Experts"
in the Prospectus Supplement.
/s/ PricewaterhouseCoopers LLP
November 11, 2003