8-K 1 etr01001.txt SEPTEMBER 8K 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 1934 Date of Report (Date of earliest event reported): September 25, 2002 E TRADE BANK ARM TRUST Mortgage Pass-Through Certificates, Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56240-06 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On September 25, 2002 a distribution was made to holders of E TRADE BANK ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-1 Trust, relating to the September 25, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. E TRADE BANK ARM TRUST Mortgage Pass-Through Certificates, Series 2001-1 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/25/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-1 Trust, relating to the September 25, 2002 distribution. EX-99.1

E*Trade ARM Trust Mortgage Pass-Through Certificates Record Date: 78/31/02 Distribution Date: 89/2625/02 ETR Series: 2001-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 26924UAA9 SEN 7.~~03435~~03751% ~~314~~281,~~354~~515,~~337~~108.6516 1,~~841~~650,~~009~~619.1729 3230,~~839~~213,~~229~~931.4919 A-2 26924UAB7 SEN 6.~~03455~~02286% 2927,~~857~~318,~~864~~192.9766 ~~150~~137,~~008~~082.6709 229,~~539,672~~361.3136 R-1 26924UAF8 RES 7.~~03435~~03751% 0.00 0.00 0.00 R-2 26924UAH4 RES 7.~~03435~~03751% 0.00 0.00 0.00 R-3 26924UAM3 RES 7.~~03435~~03751% 0.00 0.00 0.00 A-3 26924UAG6 MEZ 6.~~98963~~99176% 1312,~~103~~450,~~536~~357.0847 7672,~~252~~526.7207 ~~653~~612,~~178~~182.6196 B-1 26924UAC5 SUB 6.~~98963~~99176% 6,~~988~~640,~~509~~149.6687 4038,~~667~~680.8734 ~~348~~326,~~359~~495.7957 B-2 26924UAD3 SUB 6.~~98963~~99176% 4,~~367~~150,~~876~~148.0229 2524,~~417~~175.7552 ~~217~~204,~~727~~062.7342 B-3 26924UAE1 SUB 6.~~98963~~99176% 3,~~930~~735,~~996~~046.4407 2221,~~875~~757.4446 ~~195~~183,~~950~~651.3788 B-4 26924UAJ0 SUB 6.~~98963~~99176% 2,~~620~~490,~~725~~088.6197 1514,~~250~~505.6532 ~~130~~122,~~636~~437.6445 B-5 26924UAK7 SUB 6.~~98963~~99176% ~~873~~830,~~575~~029.2066 54,~~083~~835.5511 4340,~~545~~812.5548 B-6 26924UAL5 SUB 6.~~98963~~99176% ~~873~~830,~~667~~117.7458 54,~~084~~835.0962 4340,~~550~~816.1681 Totals ~~376~~339,~~971~~959,~~089~~238.3773 21,~~181~~969,~~649~~016.9182 3731,~~011~~773,~~850~~752.6512

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~281~~251,~~515~~301,~~108~~176.1697 3431,~~680~~864,~~238~~550.6648 0.00 A-2 0.00 27,~~318~~288,~~192~~831.6631 2166,~~689,680~~443.9845 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 A-3 0.00 1211,~~450~~838,~~357~~174.4751 ~~729~~684,~~431~~709.3303 0.00 B-1 0.00 6,~~640~~313,~~149~~654.8730 ~~389~~365,~~027~~175.6691 0.00 B-2 0.00 43,~~150~~946,~~148~~085.2987 ~~243~~228,~~145~~237.4894 0.00 B-3 0.00 3,~~735~~551,~~046~~394.0719 ~~218~~205,~~825~~409.8134 0.00 B-4 0.00 2,~~490~~367,~~088~~651.9752 ~~145~~136,~~887~~942.2977 0.00 B-5 0.00 ~~830~~789,~~029~~217.6617 4845,~~629~~647.1059 0.00 B-6 0.00 ~~830~~789,~~117~~300.5878 4845,~~634~~652.2543 0.00 Totals 0.00 ~~339~~308,~~959~~185,~~238~~486.7362 3933,~~193~~742,~~500~~768.5694 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 875,128,250.00 ~~314~~281,~~354~~515,~~337~~108.6516 ~~274~~252,~~661~~208.2113 3229,~~564~~961,~~568~~723.2806 0.00 0.00 A-2 39,045,700.00 2927,~~857~~318,~~864~~192.9766 2927,~~927~~686.2688 21,~~509,745~~674.0448 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 A-3 14,246,900.00 1312,~~103~~450,~~536~~357.0847 11,~~524~~220.3325 ~~641~~600,~~654~~962.2871 0.00 0.00 B-1 7,598,300.00 6,~~988~~640,~~509~~149.6687 65,~~146~~984.2709 ~~342~~320,~~213~~511.5148 0.00 0.00 B-2 4,749,000.00 4,~~367~~150,~~876~~148.0229 3,~~841~~740.4711 ~~213~~200,~~886~~322.2631 0.00 0.00 B-3 4,274,000.00 3,~~930~~735,~~996~~046.4407 3,~~457~~366.2402 ~~192~~180,~~493~~285.1386 0.00 0.00 B-4 2,849,400.00 2,~~620~~490,~~725~~088.6197 2,~~304~~244.8806 ~~128~~120,~~331~~193.7639 0.00 0.00 B-5 949,800.00 ~~873~~830,~~575~~029.2066 ~~768~~748.2902 4240,~~777~~064.2546 0.00 0.00 B-6 949,900.71 ~~873~~830,~~667~~117.7458 ~~768~~748.3810 4240,~~781~~068.7871 0.00 0.00 Totals 949,791,400.71 ~~376~~339,~~971~~959,~~089~~238.3773 ~~333~~307,~~399~~945.3366 3631,~~678~~465,~~451~~806.2946 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 3230,~~839~~213,~~229~~931.4919 ~~281~~251,~~515~~301,~~108~~176.1697 0.~~32168440~~28715926 3230,~~839~~213,~~229~~931.4919 A-2 229,~~539,672~~361.3136 27,~~318~~288,~~192~~831.6631 0.~~69964664~~69889466 229,~~539,672~~361.3136 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 A-3 ~~653~~612,~~178~~182.6196 1211,~~450~~838,~~357~~174.4751 0.~~87389941~~83092985 ~~653~~612,~~178~~182.6196 B-1 ~~348~~326,~~359~~495.7957 6,~~640~~313,~~149~~654.8730 0.~~87389941~~83092985 ~~348~~326,~~359~~495.7957 B-2 ~~217~~204,~~727~~062.7342 43,~~150~~946,~~148~~085.2987 0.~~87389941~~83092985 ~~217~~204,~~727~~062.7342 B-3 ~~195~~183,~~950~~651.3788 3,~~735~~551,~~046~~394.0719 0.~~87389941~~83092985 ~~195~~183,~~950~~651.3788 B-4 ~~130~~122,~~636~~437.6445 2,~~490~~367,~~088~~651.9752 0.~~87389941~~83092985 ~~130~~122,~~636~~437.6445 B-5 4340,~~545~~812.5548 ~~830~~789,~~029~~217.6617 0.~~87389941~~83092985 4340,~~545~~812.5548 B-6 4340,~~550~~816.1681 ~~830~~789,~~117~~300.5878 0.~~87389932~~83092977 4340,~~550~~816.1681 Totals 3731,~~011~~773,~~850~~752.6512 ~~339~~308,~~959~~185,~~238~~486.7362 0.~~35793042~~32447702 3731,~~011~~773,~~850~~752.6512

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 875,128,250.00 ~~359~~321.~~20945033~~68440244 0.~~31385252~~28819562 3734.~~21119536~~23695105 0.00000000 A-2 39,045,700.00 ~~764~~699.~~69022120~~64663612 0.~~76646750~~70908909 640.~~27711733~~04288513 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 ~~919~~873.~~74647678~~89940759 0.~~80890088~~78755729 4542.~~03816830~~18199819 0.00000000 B-1 7,598,300.00 ~~919~~873.~~74647750~~89940776 0.~~80890068~~78755643 4542.~~03816775~~18199860 0.00000000 B-2 4,749,000.00 ~~919~~873.~~74647715~~89940830 0.~~80890082~~78755738 4542.~~03816804~~18199832 0.00000000 B-3 4,274,000.00 ~~919~~873.~~74647637~~89940805 0.~~80890033~~78755732 4542.~~03816799~~18199813 0.00000000 B-4 2,849,400.00 ~~919~~873.~~74647645~~89940689 0.~~80890012~~78755527 4542.~~03816944~~18199972 0.00000000 B-5 949,800.00 ~~919~~873.~~74647294~~89941040 0.~~80889661~~78755527 4542.~~03816593~~18199621 0.00000000 B-6 949,900.71 ~~919~~873.~~74638065~~89931522 0.~~80890560~~78755600 4542.~~03815983~~18199816 0.00000000 2) All Senior Classes and Mezzanine Classes are per $1,000 denomination, all Offered Subordina

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 3734.~~52504789~~52514667 ~~321~~287.~~68440244~~15925577 0.~~32168440~~28715926 3734.~~52504789~~52514667 A-2 0.00000000 650.~~04358508~~75197423 ~~699~~698.~~64663612~~89466215 0.~~69964664~~69889466 650.~~04358508~~75197423 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-3 0.00000000 4542.~~84706919~~96955548 ~~873~~830.~~89940759~~92985211 0.~~87389941~~83092985 4542.~~84706919~~96955548 B-1 0.00000000 4542.~~84706974~~96955503 ~~873~~830.~~89940776~~92985273 0.~~87389941~~83092985 4542.~~84706974~~96955503 B-2 0.00000000 4542.~~84706886~~96955570 ~~873~~830.~~89940830~~92985260 0.~~87389941~~83092985 4542.~~84706886~~96955570 B-3 0.00000000 4542.~~84706832~~96955545 ~~873~~830.~~89940805~~92985260 0.~~87389941~~83092985 4542.~~84706832~~96955545 B-4 0.00000000 4542.~~84706956~~96955499 ~~873~~830.~~89940689~~92985190 0.~~87389941~~83092985 4542.~~84706956~~96955499 B-5 0.00000000 4542.~~84707307~~96955148 ~~873~~830.~~89941040~~92984839 0.~~87389941~~83092985 4542.~~84707307~~96955148 B-6 0.00000000 4542.~~84706543~~96955415 ~~873~~830.~~89931522~~92977160 0.~~87389932~~83092977 4542.~~84706543~~96955415 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 875,128,250.00 7.~~03435~~03751% ~~314~~281,~~354~~515,~~337~~108.6516 1,~~842~~650,~~730~~971.7898 0.00 0.00 A-2 39,045,700.00 6.~~03455~~02286% 2927,~~857~~318,~~864~~192.9766 ~~150~~137,~~148~~111.9538 0.00 0.00 R-1 50.00 7.~~03435~~03751% 0.00 0.00 0.00 0.00 R-2 50.00 7.~~03435~~03751% 0.00 0.00 0.00 0.00 R-3 50.00 7.~~03435~~03751% 0.00 0.00 0.00 0.00 A-3 14,246,900.00 6.~~98963~~99176% 1312,~~103~~450,~~536~~357.0847 7672,~~324~~541.0357 0.00 0.00 B-1 7,598,300.00 6.~~98963~~99176% 6,~~988~~640,~~509~~149.6687 4038,~~705~~688.9060 0.00 0.00 B-2 4,749,000.00 6.~~98963~~99176% 4,~~367~~150,~~876~~148.0229 2524,~~441~~180.5269 0.00 0.00 B-3 4,274,000.00 6.~~98963~~99176% 3,~~930~~735,~~996~~046.4407 2221,~~896~~762.8311 0.00 0.00 B-4 2,849,400.00 6.~~98963~~99176% 2,~~620~~490,~~725~~088.6197 1514,~~264~~508.9142 0.00 0.00 B-5 949,800.00 6.~~98963~~99176% ~~873~~830,~~575~~029.2066 54,~~088~~836.3014 0.00 0.00 B-6 949,900.71 6.~~98963~~99176% ~~873~~830,~~667~~117.7458 54,~~088~~836.8465 0.00 0.00 Totals 949,791,400.71 21,~~183~~969,~~690~~437.0654 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 ~~1,721~~352.6169 0.00 1,~~841~~650,~~009~~619.1729 0.00 ~~281~~251,~~515~~301,~~108~~176.1697 A-2 ~~140~~29.2829 0.00 ~~150~~137,~~008~~082.6709 0.00 27,~~318~~288,~~192~~831.6631 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 A-3 7115.3150 0.00 7672,~~252~~526.7207 0.00 1211,~~450~~838,~~357~~174.4751 B-1 388.0326 0.00 4038,~~667~~680.8734 0.00 6,~~640~~313,~~149~~654.8730 B-2 235.7717 0.00 2524,~~417~~175.7552 0.00 43,~~150~~946,~~148~~085.2987 B-3 214.3965 0.00 2221,~~875~~757.4446 0.00 3,~~735~~551,~~046~~394.0719 B-4 143.2610 0.00 1514,~~250~~505.6532 0.00 2,~~490~~367,~~088~~651.9752 B-5 41.7503 0.00 54,~~083~~835.5511 0.00 ~~830~~789,~~029~~217.6617 B-6 41.7503 0.00 54,~~084~~835.0962 0.00 ~~830~~789,~~117~~300.5878 Totals ~~2,040~~420.1572 0.00 21,~~181~~969,~~649~~016.9182 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 875,128,250.00 7.~~03435~~03751% ~~359~~321.~~20945033~~68440244 21.~~10566940~~88654861 0.00000000 0.00000000 A-2 39,045,700.00 6.~~03455~~02286% ~~764~~699.~~69022120~~64663612 3.~~84546698~~51156158 0.00000000 0.00000000 R-1 50.00 7.~~03435~~03751% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.~~03435~~03751% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 7.~~03435~~03751% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 6.~~98963~~99176% ~~919~~873.~~74647678~~89940759 5.~~35723771~~09174417 0.00000000 0.00000000 B-1 7,598,300.00 6.~~98963~~99176% ~~919~~873.~~74647750~~89940776 5.~~35723780~~09174421 0.00000000 0.00000000 B-2 4,749,000.00 6.~~98963~~99176% ~~919~~873.~~74647715~~89940830 5.~~35723731~~09174352 0.00000000 0.00000000 B-3 4,274,000.00 6.~~98963~~99176% ~~919~~873.~~74647637~~89940805 5.~~35723678~~09174310 0.00000000 0.00000000 B-4 2,849,400.00 6.~~98963~~99176% ~~919~~873.~~74647645~~89940689 5.~~35723661~~09174563 0.00000000 0.00000000 B-5 949,800.00 6.~~98963~~99176% ~~919~~873.~~74647294~~89941040 5.~~35723310~~09174563 0.00000000 0.00000000 B-6 949,900.71 6.~~98963~~99176% ~~919~~873.~~74638065~~89931522 5.~~35723360~~09174269 0.00000000 0.00000000 5) All Senior Classes and Mezzanine Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.~~00196727~~00040302 0.00000000 21.~~10370214~~88614559 0.00000000 ~~321~~287.~~68440244~~15925577 A-2 0.~~00359271~~00075015 0.00000000 3.~~84187427~~51081143 0.00000000 ~~699~~698.~~64663612~~89466215 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-3 0.~~00500530~~00108796 0.00000000 5.~~35223242~~09065621 0.00000000 ~~873~~830.~~89940759~~92985211 B-1 0.~~00500507~~00108709 0.00000000 5.~~35223274~~09065712 0.00000000 ~~873~~830.~~89940776~~92985273 B-2 0.~~00500526~~00108865 0.00000000 5.~~35223205~~09065487 0.00000000 ~~873~~830.~~89940830~~92985260 B-3 0.~~00500468~~00108797 0.00000000 5.~~35223210~~09065512 0.00000000 ~~873~~830.~~89940805~~92985260 B-4 0.~~00500456~~00108795 0.00000000 5.~~35223205~~09065768 0.00000000 ~~873~~830.~~89940689~~92985190 B-5 0.~~00500105~~00108444 0.00000000 5.~~35223205~~09066119 0.00000000 ~~873~~830.~~89941040~~92984839 B-6 0.~~00500052~~00108432 0.00000000 5.~~35223308~~09065837 0.00000000 ~~873~~830.~~89931522~~92977160 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3933,~~288~~827,~~443~~320.8643 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1418,~~989~~557.7329 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3933,~~303~~845,~~433~~877.5972 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~109~~103,~~933~~108.0378 Payment of Interest and Principal 3933,~~193~~742,~~500~~768.5694 Total Withdrawals (Pool Distribution Amount) 3933,~~303~~845,~~433~~877.5972 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 136,~~556~~992.6175 Servicing Fee Support 116,~~516~~572.4603 Non-Supported Prepayment/Curtailment Interest Shortfall ~~2,040~~420.1572

SERVICING FEES Gross Servicing Fee 8375,~~705~~631.9897 Special Servicing Fee 0.00 Supplemental PMI Insurance Fee 3734,~~743~~048.5184 Supported Prepayment/Curtailment Interest Shortfall 116,~~516~~572.4603 Net Servicing Fee ~~109~~103,~~933~~108.0378

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 23 0 0 0 23 ~~601~~1,~~818~~282,945.1106 0.00 0.00 0.00 ~~601~~1,~~818~~282,945.1106 60 Days 1 0 0 0 1 ~~273~~291,~~211~~516.1056 0.00 0.00 0.00 ~~273~~291,~~211~~516.1056 90 Days 1 0 0 1 0 1 ~~469,395.26~~ 0.00 0.00 273,211.10 0.00 ~~469~~273,~~395~~211.2610 120 Days 0 0 10 0 10 0.00 0.00 ~~273,250~~0.6500 0.00 ~~273,250~~0.6500 150 Days 0 0 01 0 01 0.00 0.00 0273,250.0065 0.00 0273,250.0065 180+ Days 0 0 1 0 1 0.00 0.00 486,879.14 0.00 486,879.14 Totals 4 0 23 0 67 1,~~344~~574,~~424~~461.4762 0.00 ~~760~~1,~~129~~033,340.7989 0.00 2,~~104~~607,~~554~~802.2651 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~233372~~386598% 0.000000% 0.000000% 0.000000% 0.~~233372~~386598% 0.~~176893~~415980% 0.000000% 0.000000% 0.000000% 0.~~176893~~415980% 60 Days 0.~~116686~~128866% 0.000000% 0.000000% 0.000000% 0.~~116686~~128866% 0.~~080305~~094521% 0.000000% 0.000000% 0.000000% 0.~~080305~~094521% 90 Days 0.~~116686~~000000% 0.000000% 0.~~000000~~128866% 0.000000% 0.~~116686~~128866% 0.~~137970~~000000% 0.000000% 0.~~000000~~088585% 0.000000% 0.~~137970~~088585% 120 Days 0.000000% 0.000000% 0.~~116686~~000000% 0.000000% 0.~~116686~~000000% 0.000000% 0.000000% 0.~~080317~~000000% 0.000000% 0.~~080317~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~128866% 0.000000% 0.~~000000~~128866% 0.000000% 0.000000% 0.~~000000~~088598% 0.000000% 0.~~000000~~088598% 180+ Days 0.000000% 0.000000% 0.~~116686~~128866% 0.000000% 0.~~116686~~128866% 0.000000% 0.000000% 0.~~143109~~157865% 0.000000% 0.~~143109~~157865% Totals 0.~~466744~~515464% 0.000000% 0.~~233372~~386598% 0.000000% 0.~~700117~~902062% 0.~~395169~~510501% 0.000000% 0.~~223426~~335049% 0.000000% 0.~~618595~~845549%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 23 0 0 0 23 ~~601~~1,~~818~~282,945.1106 0.00 0.00 0.00 ~~601~~1,~~818~~282,945.1106 60 Days 1 0 0 0 1 ~~273~~291,~~211~~516.1056 0.00 0.00 0.00 ~~273~~291,~~211~~516.1056 90 Days 1 0 0 1 0 1 ~~469,395.26~~ 0.00 0.00 273,211.10 0.00 ~~469~~273,~~395~~211.2610 120 Days 0 0 10 0 10 0.00 0.00 ~~273,250~~0.6500 0.00 ~~273,250~~0.6500 150 Days 0 0 01 0 01 0.00 0.00 0273,250.0065 0.00 0273,250.0065 180 Days 0 0 1 0 1 0.00 0.00 486,879.14 0.00 486,879.14 Totals 4 0 23 0 67 1,~~344~~574,~~424~~461.4762 0.00 ~~760~~1,~~129~~033,340.7989 0.00 2,~~104~~607,~~554~~802.2651 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~254130~~424929% 0.000000% 0.000000% 0.000000% 0.~~254130~~424929% 0.~~193219~~458684% 0.000000% 0.000000% 0.000000% 0.~~193219~~458684% 60 Days 0.~~127065~~141643% 0.000000% 0.000000% 0.000000% 0.~~127065~~141643% 0.~~087717~~104224% 0.000000% 0.000000% 0.000000% 0.~~087717~~104224% 90 Days 0.~~127065~~000000% 0.000000% 0.~~000000~~141643% 0.000000% 0.~~127065~~141643% 0.~~150704~~000000% 0.000000% 0.~~000000~~097679% 0.000000% 0.~~150704~~097679% 120 Days 0.000000% 0.000000% 0.~~127065~~000000% 0.000000% 0.~~127065~~000000% 0.000000% 0.000000% 0.~~087730~~000000% 0.000000% 0.~~087730~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~141643% 0.000000% 0.~~000000~~141643% 0.000000% 0.000000% 0.~~000000~~097694% 0.000000% 0.~~000000~~097694% 180 Days 0.000000% 0.000000% 0.~~127065~~141643% 0.000000% 0.~~127065~~141643% 0.000000% 0.000000% 0.~~156317~~174071% 0.000000% 0.~~156317~~174071% Totals 0.~~508259~~566572% 0.000000% 0.~~254130~~424929% 0.000000% 0.~~762389~~991501% 0.~~431640~~562908% 0.000000% 0.~~244047~~369444% 0.000000% 0.~~675687~~932352% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1418,~~989~~557.7329

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 21,370,550.71 2.25002571% 1817,~~675~~757,~~580~~303.4483 5.~~49347637~~76188841% 94.~~506524~~238112% 95.~~473185~~225138% Class R-I 21,370,500.71 2.25002045% 1817,~~675~~757,~~580~~303.4483 5.~~49347637~~76188841% 0.000000% 0.000000% Class R-II 21,370,450.71 2.25001518% 1817,~~675~~757,~~580~~303.4483 5.~~49347637~~76188841% 0.000000% 0.000000% Class R-III 21,370,400.71 2.25000992% 1817,~~675~~757,~~580~~303.4483 5.~~49347637~~76188841% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~337877~~338945% Weighted Average Net Coupon 7.~~071418~~071976% Weighted Average Pass-Through Rate 6.~~951271~~951789% Weighted Average Maturity(Stepdown Calculation ) ~~338~~337 Beginning Scheduled Collateral Loan Count ~~949~~857 Number Of Loans Paid In Full 9281 Ending Scheduled Collateral Loan Count ~~857~~776 Beginning Scheduled Collateral Balance ~~376~~339,~~971~~959,~~089~~238.3873 Ending Scheduled Collateral Balance ~~339~~308,~~959~~185,~~238~~486.7361 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2002 ~~340~~308,~~215~~415,~~192~~268.7481 Monthly P &I Constant 2,~~638~~385,~~958~~068.7221 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3732,~~371~~031,~~781~~375.5491 Ending Scheduled Balance for Premium Loans ~~339~~308,~~959~~185,~~238~~486.7361 Scheduled Principal ~~333~~307,~~399~~945.3566 Unscheduled Principal 3631,~~678~~465,~~451~~806.3046

Miscellaneous Reporting Senior Percentage Group I 90.~~946370~~450275% Senior Prep. Percentage Group I 95.~~473185~~225138% Subordinate Percentage Group I 9.~~053630~~549725% Subordinate Prep. Percentage Group I 4.~~526815~~774862% Senior Percentage Group II 95.~~322315~~113049% Senior Prep. Percentage Group II 97.~~661157~~556525% Subordinate Percentage Group II 4.~~677685~~886951% Subordinate Prep. Percentage Group II 2.~~338843~~443475% Stop - Loss Amount 18,995,828.01 Average Loss Severity 0.00

Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~418275~~421909 6.~~450687~~439924 7.~~337877~~338945 Weighted Average Net Rate 7.~~154092~~157415 6.~~159121~~146141 7.~~071418~~071976 ~~Pass-Through Rate 7.034345 6.034549 6.951271~~ Weighted Average Maturity ~~338~~337 ~~345~~344 ~~338~~337 Beginning Loan Count ~~872~~787 7770 ~~949~~857 Loans Paid In Full 8581 70 9281 Ending Loan Count ~~787~~706 70 ~~857~~776 Beginning Scheduled Balance ~~345~~311,~~648~~237,~~030~~425.22 3128,~~323~~721,~~059~~813.1651 ~~376~~339,~~971~~959,~~089~~238.3873 Ending scheduled Balance ~~311~~279,~~237~~494,~~425~~498.2296 28,~~721~~690,~~813~~987.5165 ~~339~~308,~~959~~185,~~238~~486.7361 Record Date 0708/31/2002 0708/31/2002 0708/31/2002 Principal And Interest Constant 2,~~439~~201,~~183~~820.4919 ~~199~~183,~~775~~248.2302 2,~~638~~385,~~958~~068.7221 Scheduled Principal ~~302~~278,~~003~~836.4922 3129,~~395~~109.8644 ~~333~~307,~~399~~945.3566 Unscheduled Principal 3431,~~108~~464,~~601~~090.5104 21,~~569,849~~716.7942 3631,~~678~~465,~~451~~806.3046 Scheduled Interest 21,~~136~~924,~~760~~979.1976 ~~168~~154,~~379~~138.3758 2,~~305~~079,~~139~~118.5634 Servicing Fees 7668,~~095~~600.3633 7,~~610~~031.6264 8375,~~705~~631.9897 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 3431,~~491~~098.8613 32,~~251~~950.6571 3734,~~743~~048.5184 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 21,~~026~~825,~~172~~281.9730 ~~157~~144,~~517~~156.1023 21,~~183~~969,~~690~~437.0753 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.037513 6.022860 6.951789

Filing Compare · E TRADE BANK ARM TRUST MORTGAGE PASS THR CERT SER 2001-1