0503_WAHL02

EX-20 2 wahetwo_two-exhibit.htm CERTIFICATEHOLDERS MONTHLY STATEMENT 0503_WAHL02_2A.PDF

Wachovia Asset Securitization Issuance, LLC Series 2002-HE2 Statement to Securityholders Distribution Date: 03/25/05 Distribution Summary Original Beginning Unpaid Ending Certificate Certificate Certificate Principal Total Certificate Class Cusip Rate Balance Balance Interest Principal Amount Distribution Balance A 92975PAA0 3.080000% 1,200,000,000.00 743,271,697.65 1,780,548.64 20,412,986.30 0.00 22,193,534.94 722,858,711.35 Factors per Thousand 619.39308138 1.48379053 17.01082192 18.49461245 602.38225946 Certificate n/a 0.000000% 0.00 15,507,342.78 1,125,862.02 0.00 0.00 1,125,862.02 15,422,769.47 Factors per Thousand Totals 1,200,000,000.00 743,271,697.65 2,906,410.66 20,412,986.30 0.00 23,319,396.96 722,858,711.35 Wachovia Bank, National Association Structured Finance Trust Services Greg Yanok 401 South Tryon Street, 12th Floor Vice President Charlotte, North Carolina 28288-1179 Phone: 704-383-9568 www.firstlinkabs.com - Page 1 - Gregory.Yanok@Wachovia.com Bond Interest Information Type of Accrual Moody's S & P Fitch Class Cusip Certificate Period LIBOR Margin Original Rating* Original Rating* Original Rating A 92975PAA0 Senior/Variable 28/360 2.65000% 0.43000% Aaa AAA n/a Certificate n/a Residual - - - - - - * Original Ratings of the Offered Certificates per the Prospectus Supplement dated September 25, 2002 - Page 2 - Bond Interest Information Current Outstanding Current Current Class Cusip Interest Due Interest Carryforward Interest Carryforward Carryforward Paid A 92975PAA0 1,780,548.64 0.00 0.00 0.00 - Page 3 - Collection Activity Interest Interest Collected 3,318,574.53 (Additional Balance Interest) 0.00 (Relief Act Shortfalls) 0.00 Total Interest Collected 3,318,574.53 Principal Principal Collected 31,903,755.93 Net Liquidation Proceeds 0.00 Substitute Adjustment Amount 0.00 Other Principal Collected 0.00 (Additional Balance Increase) 0.00 (Draw Amounts) (11,490,769.63) Total Principal Collected 20,412,986.30 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 23,731,560.83 - Page 4 - Collateral Information Periodic Information Beginning Collateral Balance 758,779,040.43 Ending Collateral Balance 738,281,480.82 Current Liquidation Loss Amounts 84,573.31 Cumulative Liquidation Loss Amounts 1,153,174.05 Gross WAC 5.430% Net WAC 5.492% WAM 205 AGE 29 Gross CPR 40.278% Net CPR 27.910% Draw Rate 16.733% Original Information Collateral Balance 1,200,000,081.88 Number of Loans 24,231 Gross WAC 4.799% WAM 234 Overcollateralization Information Overcollateralization Target Amount 15,122,605.53 Beginning Overcollateralization Amount 15,507,342.78 Ending Overcollateralization Amount 15,422,769.47 Overcollateralization Increase 0.00 Overcollateralization Decrease 84,573.31 - 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 26 1,651,353.98 0.224% 60-89 Days 7 402,380.22 0.055% 90-119 Days 8 1,039,628.37 0.141% 120-149 Days 7 628,874.16 0.085% 150-179 Days 0 0.00 0.000% 180+ Days 2 122,605.53 0.017% Total 50 3,844,842.26 0.521% Foreclosure: # $ % 10 927,276.60 0.126% REO: # $ % 0 0.00 0.000% * Foreclosures are included in the delinquency totals - Page 7 - Additional Reporting Items Fees Additional Information Servicing Fee 316,157.93 3 Largest Mortgage Loan Balances 0.00 Enhancer Premium 96,005.93 Additional Balances created during the first Indenture Trustee Expenses 0.00 Rapid Amortization Period 0.00 Additional Balance Increase Amount payable Total Fees 412,163.86 to Certificateholders 0.00 Additional Balance Increase Amount payable from Principal Collections 0.00 Cumulative Liquidation Loss Amount % 0.096% Cumulative Subsequent Mortgage Loans 0.00 Deficiency Amount 0.00 Draws from Policy not yet Reimbursed 0.00 Percentage Interest Class A 100.0% Amortization Period Stepdown Cumulative Loss Test Met? (Yes / No) Yes Stepdown Date Active (Yes / No) No Revolving (Yes / No) No Stepdown Delinquency Test Met? (Yes / No) Yes Managed Amortization (Yes / No) Yes Rapid Amortization (Yes / No) No - Page 8 -