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EX-99.1 CHARTER - ACCOUNTANTS REPORT - WACHOVIA ASSET SECURITIZATION INC 2003-HE2 TRUSTex991auditor.htm
EX-31 - SOX CERTIFICATION - WACHOVIA ASSET SECURITIZATION INC 2003-HE2 TRUSTex311wasi2003he2.htm
EX-99.2 BYLAWS - MANAGEMENT ASSERTION - WACHOVIA ASSET SECURITIZATION INC 2003-HE2 TRUSTex992usapmgmtassertion.htm
EX-99.3 VOTING TRUST - SERVICER COMPLIANCE - WACHOVIA ASSET SECURITIZATION INC 2003-HE2 TRUSTex993wasi2003he2ofccert.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
UNITED STATES
FORM 10-K
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
(Exact Name of Registrant)
(State or Other Jurisdiction
Of Incorporation)
Registrant's telephone number, including area code:
WACHOVIA ASSET SECURITIZATION, INC.
Wachovia Asset Securitization Issuance, LLC.
North Carolina
(I.R.S. Employer
Identification No.)
56-1967773
Commission File Number :
333-97457-05
(Address of Principal Executive Offices)
(Zip Code)
28288-5578
(704) 383-4634
Securities registered pursuant to Section 12(b) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
For the fiscal year ended December 31, 2009
or
For the transition period from _____________ to _____________
(Issuing Entity)
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act.
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K ( 229.405
of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
[ Yes]
Asset-Backed Certificates, Series 2003-HE2
Documents incorporated by reference:
None
State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by
reference to the price at which the common equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently completed second fiscal quarter.
Not Applicable.
[X No]
[ Yes]
[X No]
[X Yes]
[ No]
[X]
[ Yes]
[X No]
Large accelerated filer [ ]
Accelerated filer [ ]
Non-accelerated filer [X]
(Exact Name of Sponsor as Specified in its Charter)
Wachovia Bank, National Association
c/o Wachovia Bank, N.A., 301 South College Street
Charlotte, NC
fka Wachovia Asset Securitization, Inc
(Exact Name of Depositor as Specified in its Charter)
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Item 6. Selected Financial Data.
To the best knowledge of the Certificate Administrator, there is no established public trading market for the Bonds. As of
the date hereof, Cede Co., the nominee of the Depository Trust Company ("DTC"), was the only holder of record of the
Bonds. DTC holds the Bonds for the accounts of others.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Item 8. Financial Statements and Supplementary Data.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
Item 9A. Controls and Procedures.
Item 9B. Other Information.
Not Applicable.
PART II
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
None.
PART I
Item 1. Business.
Item 1A. Risk Factors.
Item 1B. Unresolved Staff Comments.
Item 2. Properties.
Item 3. Legal Proceedings.
Item 4. Submission of Matters to a Vote of Security Holders.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Item 10. Directors and Executive Officers and Corporate Governance.
Item 11. Executive Compensation.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Item 13. Certain Relationships and Related Transactions, and Director Independence.
PART III
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the issuing entity has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: /s/ Bridget Nelson
Dated: March 31, 2010
Bridget Nelson
Senior Vice President
Wachovia Bank, National Association
Name:
Title:
As Servicer
senior officer in charge of the servicing function
Item 14. Principal Accounting Fees and Services.
Not Applicable.
a) 1. Not Applicable.
Item 15. Exhibits, Financial Statement Schedules.
2. Not Applicable.
3. Exhibits.
b) See (a) 3 above.
c) Not Applicable.
PART IV
31.1 Sarbanes-Oxley Certification
99.1 Independent Accountant's Report for the year ended December 31, 2009
99.2 Management Assertion as to compliance with minimum servicing standards for the year ended December 31, 2009
99.3 Annual Statement as to Compliance for the year ended December 31, 2009
Exhibit Index
31.1 Sarbanes-Oxley Certification
99.1 Independent Accountant's Report for the year ended December 31, 2009
99.2 Management Assertion as to compliance with minimum servicing standards for the year ended December 31, 2009
99.3 Annual Statement as to Compliance for the year ended December 31, 2009