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

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Transcription:

Final Statement Contents Statement Summary: Page 1 Contents 1 2 Distribution Summary 2-3 3 Bond Interest Information 4-5 4 Collection Account Activity 6 5 Collateral Information 7-8 6 Account Information 9 7 Delinquency Information 10-11 8 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: 11/19/2003 12/26/2003 June 2010 7/26/2010 6/25/2010 8/25/2010

Distribution Summary Class A Factors per Thousand Cusip 92975TAA2 Certificate Rate 0.597190% Original Certificate Balance 500,000,00 Beginning Certificate Balance 39,762,432.23 79.52486446 Interest 20,447.71 Certificate n/a 0000% 2,500,00 2,481,462.12 0.04089542 Principal 39,762,432.23 79.52486446 Unpaid Principal Amount Total Distribution 39,782,879.94 79.56575988 2,481,462.12 Ending Certificate Balance 000000 Totals 500,000,00 39,762,432.23 2,501,909.83 39,762,432.23 42,264,342.06

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 17,746,047.88-237,754.77 734,632.24-50 496,377.47 18,242,425.35 * The Rapid Amortization Tranche does not affect the bond distribution. Totals 17,746,047.88-237,754.77 734,632.24-50 496,377.47 18,242,425.35

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 31/360 0.34719% 0.25000% Aaa AAA n/a Certificate n/a Residual - - - - - - 0 * Original Ratings of the Offered Certificates per the Prospectus Supplement dated November 12, 2003

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

Collection Activity Interest Interest Collected (Additional Balance Interest) (Relief Act Shortfalls) Total Interest Collected 118,871.76 118,871.76 Principal Principal Collected Net Liquidation Proceeds Substitute Adjustment Amount Other Principal Collected (Additional Balance Increase) (Draw Amounts) Total Principal Collected 965,725.08 41,210,162.17 42,175,887.25 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

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 42,262,432.23 41,210,162.17 86,544.98 1,349,904.31 3.322% 9.503% 138 96 24.224% - - Original Information Collateral Balance Number of Loans Gross WAC WAM LIBOR 500,007,015.50 9,940 4.118% 234 1.12000% Overcollateralization Information Overcollateralization Target Amount Beginning Overcollateralization Amount Ending Overcollateralization Amount Overcollateralization Increase Overcollateralization Decrease 2,500,00 2,500,00 2,500,00

Collateral Graphs 6.000% GROSS WAC 1,500,000 CUMULATIVE LOSSES 5.500% 1,300,000 5.000% 1,100,000 4.500% 900,000 4.000% 700,000 3.500% 500,000 3.000% 300,000 155 WAM 40% Gross CPR 150 35% 145 140 30% 25% 20% 135 15% 130 10%

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

Delinquency Information Delinquent: # $ % 30-59 Days 60-89 Days 90-119 Days 120-149 Days 150-179 Days 180+ Days 6 341,766.11 0.829% 1 75,219.83 0.183% 0 0% 1 101,884.57 0.247% 1 45,839.93 0.111% 8 323,170.64 0.784% Total 17 887,881.08 2.155% Foreclosure: # $ % 8 266,122.46 0.646% REO: # $ % 0 0% * Foreclosures are included in the delinquency totals

Delinquency Graphs 700,000 30, 60, 90, 120, 150, 180+ DAYS DELINQUENT 700,000 FORECLOSURES and REO's 600,000 600,000 500,000 500,000 400,000 400,000 300,000 300,000 200,000 200,000 100,000 100,000 0 0 30-59 Days 60-89 Days 90-119 Days 120-149 Days 150-179 Days 180+ Days Foreclosures REO

Additional Reporting Items Fees Additional Information Servicing Fee 17,609.35 3 Largest Mortgage Loan Balances Enhancer Premium 4,307.60 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 30,416.95 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 1,724,135.53 0.27% 0 100% Yes Yes Yes No Revolving (Yes / No) Managed Amortization (Yes / No) Rapid Amortization (Yes / No) No No Yes