Wachovia Asset Securitization Issuance, LLC Series 2003-HE3 Final Statement

Transcription

1 Final Statement Contents Statement Summary: Page 1 Contents 1 2 Distribution Summary Bond Interest Information Collection Account Activity 6 5 Collateral Information Account Information 9 7 Delinquency Information Additional Reporting 12 Deal Information: Seller: Wachovia Bank, National Association Closing Date: Depositor: First Payment Date: Servicer: Wachovia Bank, National Association Collateral Collection Period: Owner Trustee: Wilmingron Trust Association Indenture Trustee: US Bank, National Association Distribution Date: Paying Agent: US Bank, National Association Last Distribution Date: Enhancer: MBIA Insurance Corporation Next Distribution Date: 11/19/ /26/2003 June /26/2010 6/25/2010 8/25/2010

2 Distribution Summary Class A Factors per Thousand Cusip 92975TAA2 Certificate Rate % Original Certificate Balance 500,000,00 Beginning Certificate Balance 39,762, Interest 20, Certificate n/a 0000% 2,500,00 2,481, Principal 39,762, Unpaid Principal Amount Total Distribution 39,782, ,481, Ending Certificate Balance Totals 500,000,00 39,762, ,501, ,762, ,264,342.06

3 Statement to Securityholders Distribution Date: 07/26/10 Excluded Balance Rapid Amortization Original Beginning Total Ending Tranche Cusip Rate Balance Balance Payments Draws Losses Distribution Balance Excluded* n/a n/a 17,746, , , , ,242, * The Rapid Amortization Tranche does not affect the bond distribution. Totals 17,746, , , , ,242,425.35

4 Bond Interest Information Class Cusip Type of Certificate Accrual Period LIBOR Margin Moody's Original Rating* S & P Original Rating* Fitch Original Rating A 92975TAA2 Senior/Variable 31/ % % Aaa AAA n/a Certificate n/a Residual * Original Ratings of the Offered Certificates per the Prospectus Supplement dated November 12, 2003

5 Bond Interest Information Class Current Outstanding Current Cusip Interest Due Interest Carryforward Interest Carryforward Current Carryforward Paid A 92975TAA2 20,447.71

6 Collection Activity Interest Interest Collected (Additional Balance Interest) (Relief Act Shortfalls) Total Interest Collected 118, , Principal Principal Collected Net Liquidation Proceeds Substitute Adjustment Amount Other Principal Collected (Additional Balance Increase) (Draw Amounts) Total Principal Collected 965, ,210, ,175, Additional Funds Additional Funds from the Funding Account Draws from the Policy Yield Maintenance Payment Total Additional Funds Collected Total Available Collections 42,294,759.01

7 Collateral Information Periodic Information Beginning Collateral Balance Ending Collateral Balance Current Liquidation Loss Amounts Cumulative Liquidation Loss Amounts Gross WAC Net WAC WAM AGE Gross CPR Net CPR Draw Rate 42,262, ,210, , ,349, % 9.503% % - - Original Information Collateral Balance Number of Loans Gross WAC WAM LIBOR 500,007, , % % Overcollateralization Information Overcollateralization Target Amount Beginning Overcollateralization Amount Ending Overcollateralization Amount Overcollateralization Increase Overcollateralization Decrease 2,500,00 2,500,00 2,500,00

8 Collateral Graphs 6.000% GROSS WAC 1,500,000 CUMULATIVE LOSSES 5.500% 1,300, % 1,100, % 900, % 700, % 500, % 300, WAM 40% Gross CPR % % 25% 20% % %

9 Additional Account Activity Beginning Balance Interest Earnings Deposits Withdrawals Funding Account Interest Earnings to Collection Account Ending Balance

10 Delinquency Information Delinquent: # $ % Days Days Days Days Days 180+ Days 6 341, % 1 75, % 0 0% 1 101, % 1 45, % 8 323, % Total , % Foreclosure: # $ % 8 266, % REO: # $ % 0 0% * Foreclosures are included in the delinquency totals

11 Delinquency Graphs 700,000 30, 60, 90, 120, 150, 180+ DAYS DELINQUENT 700,000 FORECLOSURES and REO's 600, , , , , , , , , , , , Days Days Days Days Days 180+ Days Foreclosures REO

12 Additional Reporting Items Fees Additional Information Servicing Fee 17, Largest Mortgage Loan Balances Enhancer Premium 4, Additional Balances created during the first Indenture Trustee Expenses 1,00 Rapid Amortization Period Owner Trustee Fee 1,50 Cumulative Liquidation Loss Amount % Servicer Legal Fees 6,00 Cumulative Subsequent Mortgage Loans Paying Agent Expenses Deficiency Amount Draws from Policy not yet Reimbursed Total Fees 30, Percentage Interest Class A Stepdown Cumulative Loss Test Met? (Yes / No) Stepdown Date Active (Yes / No) Stepdown Delinquency Test Met? (Yes / No) Servicer Termination Trigger Active (Yes/No) Amortization Period 1,724, % 0 100% Yes Yes Yes No Revolving (Yes / No) Managed Amortization (Yes / No) Rapid Amortization (Yes / No) No No Yes