UNITED STATES 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 1934Washington, as amended Date of Report: June 2, 2003 (date of earliest event reported) WACHOVIA ASSET SECURITIZATION, INCD. (ExactC. name of Registrant as Specified in Charter)20549

NorthFORM Carolina 3338-97457 56-1967773K

(StateCURRENT REPORT Pursuant to Section 13 or Other15 Jurisdiction(d) of Incorporation)the (CommissionFileSecurities Number)Exchange (IRSAct EmployerIdentificationof Number)1934

~~One~~ ~~Wachovia~~Date ~~Center 301~~of ~~South~~Report ~~College Street Charlotte, North Carolina 28288~~ (~~Address~~Date of ~~Principal~~earliest ~~Executive~~event ~~Offices~~reported) ~~(Zip~~: June ~~Code)~~25, 2003

~~Registrant's~~ WACHOVIA ~~telephone~~ASSET ~~number~~SECURITIZATION, ~~including~~INC. (Exact ~~area~~name ~~code:~~of ~~(704)~~registrant ~~374-2702~~ as specified in its charter)

~~Not~~DELAWARE ~~Applicable (Former~~333-97457 ~~Name or Former Address, if Changed Since Last Report)~~56-1967773

~~Items~~(State 1or ~~through~~Other 4,Jurisdiction ~~Item~~of ~~6, Item~~Incorporation) 8(CommissionFile ~~and~~Number) ~~Item~~(IRS 9EmployerIdentification ~~are not included because they are not applicable.~~ Number)

~~Item~~ One ~~5. Other~~Wachovia ~~Events.~~Center 301 South College Street Charlotte, North Carolina 28288 (Address of Principal Executive Offices) (Zip Code)

~~Filing~~ Registrant's oftelephone ~~Computational~~number, ~~Materials~~including area code: (704) 374-2702

In ~~connection~~ Not ~~with the proposed offering of the Wachovia Asset Securitization, Inc.~~Applicable ~~Asset-Backed Notes, Series 2003-HE2~~ (~~the~~Former ~~“Notes”),~~Name ~~Wachovia Securities,~~or asFormer ~~underwriter (the “Underwriter”)~~Address, ~~have~~if ~~prepared~~Changed ~~certain materials~~Since ~~(the~~Last ~~“Computational Materials”~~Report) for distribution to potential investors. Although Wachovia Asset Securitization, Inc. (the “Company”) provided the Underwriter with certain information regarding the characteristics of the mortgage loans (the “Mortgage Loans”) in the related portfolio, the Company did not participate in the preparation of the Computational Materials.

~~For~~ ~~purposes~~Items of1 ~~this~~through ~~Form 8-K~~4, ~~“Computational~~Item ~~Materials”~~6 ~~shall mean computer generated tables~~ and~~/or~~ ~~charts~~Item ~~displaying,~~8 ~~with~~are ~~respect~~not toincluded ~~the~~because ~~Notes, any~~they of the following: yield; average life; duration, expected maturity; interest rate sensitivity; loss sensitivity; cash flow characteristics; background information regarding the Mortgage Loans; the proposed structure; decrement tables; or similar information (tabular or otherwise) of a statistical, mathematical, tabular or computational nature. The Computational Materials listed as Exhibits 99.1 and 99.2 hereto are ~~filed~~not ~~herewith~~applicable.

2 Item 5. Other Events.

The ~~Item~~financial 7. statements of Financial ~~Statements~~Guaranty Insurance Company (“FGIC”) as of December 31, ~~Pro~~2002 ~~Forma~~and ~~Financial~~2001, ~~Information~~and for each of the years in the three-year period ended December 31, 2002, that are included in this Form 8-K have been audited by KPMG LLP. The consent of KPMG LLP to the inclusion of their audit report on such financial statements in this Form 8-K and ~~Exhibits~~their being named as “Experts” in the Prospectus Supplement relating to the Wachovia Asset Securitization, Inc. Asset-Backed Notes, Series 2003-HE2, is attached hereto as Exhibit 23.1.

~~(a)~~ The financial ~~Not~~statements ~~applicable~~of FGIC as of December 31, 2002 and 2001, and for each of the years in the three-year period ended December 31, 2002 are attached hereto as Exhibit 99.1. The unaudited financial statements of FGIC as of March 31, 2003 and for the three-month periods ended March 31, 2003 and 2002 are attached hereto as Exhibit 99.2.

~~(b)~~ Item ~~Not~~7. Financial ~~applicable~~Statements, Pro Forma Financial Information and Exhibits.

(ca) Not ~~Exhibits: 99~~applicable.1 (b) Not ~~Computational Materials~~applicable. ~~99.2 Computational Materials.~~ (c) Exhibits:

323.1 Consent of KPMG LLP.

~~SIGNATURES~~ 99.1 Financial Statements of FGIC as of December 31, 2002 and 2001 and for each of the years in the three-year period ended December 31, 2002.

~~Pursuant~~99.2 toUnaudited ~~the~~Financial ~~requirements~~Statements of ~~the~~FGIC ~~Securities~~as ~~Exchange Act~~ of ~~1934~~March 31, ~~the~~2003 ~~registrant~~and ~~has~~for the ~~duly~~three-month ~~caused~~periods ~~this~~ended ~~report~~March to31, be2003 ~~signed~~and ~~on its behalf by the undersigned hereunto duly authorized~~2002.

~~WACHOVIA ASSET SECURITIZATION, INC.~~ SIGNATURES

~~By:~~ Pursuant to ~~/s/Robert~~the ~~Perret~~requirements ~~Name:~~of ~~Robert~~the ~~Perret~~Securities ~~Title:~~Exchange ~~Vice~~Act ~~President~~of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~Date:~~WACHOVIA ~~June~~ASSET 2SECURITIZATION, ~~2003~~INC.

~~EXHIBIT~~By: ~~INDEX~~/s/Robert Perret Name: Robert Perret Title: Vice President

~~Exhibit~~ Dated: June ~~No.~~25, ~~Description of Exhibit~~2002

99 Exhibit 23.~~199.2~~1 CONSENT ~~Computational~~OF ~~Materials.Computational~~INDEPENDENT ~~Materials.~~AUDITORS

The Board of Directors
Financial Guaranty Insurance Company:

We consent to the use of our report dated February 14, 2003 on the financial statements of Financial Guaranty Insurance Company as of December 31, 2002 and 2001, and for each of the years in the three-year period ended December 31, 2002, included in the Form 8-K of Wachovia Asset Securitization, Inc. (the “Registrant”) which Form 8-K is incorporated by reference in the registration statement (No. 333-97457) and to the reference to our firm under the heading “Experts” in the Prospectus Supplement of the Registrant.

/s/KPMG LLP

New York, New York
June 25, 2003

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