8-K 1 etr01001.txt JAN 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): January 27, 2003 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 80-0052851 (State or other File Number) 90-0042439 jurisdiction IRS EIN 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 January 27, 2003 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 January 27, 2003 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: 2/3/03 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 January 27, 2003 distribution. EX-99.1

E*Trade ARM Trust Mortgage Pass-Through Certificates Record Date: 1112/3031/02 Distribution Date: 121/2627/0203 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.~~04466~~02719% ~~192~~171,~~708~~047,~~876~~133.4295 1999,~~105,311~~383.0564 2122,~~661~~245,~~742~~077.4613 A-2 26924UAB7 SEN 6.~~02146~~00033% 2219,~~482~~648,~~352~~985.8717 ~~110~~98,~~221~~027.5388 2,~~833~~674,~~367~~925.7052 R-1 26924UAF8 RES 7.~~07535~~07896% 0.00 0.00 0.00 R-2 26924UAH4 RES 7.~~07535~~07896% 0.00 0.00 0.00 R-3 26924UAM3 RES 7.~~07535~~07896% 0.00 0.00 0.00 A-3 26924UAG6 MEZ 6.~~99483~~97761% 109,~~492~~929,~~439~~148.2721 5957,~~755~~604.2909 ~~563~~611,~~291~~293.0675 B-1 26924UAC5 SUB 6.~~99483~~97761% 5,~~595~~295,~~933~~513.2419 3130,~~869~~722.2900 ~~300~~326,~~420~~021.0533 B-2 26924UAD3 SUB 6.~~99483~~97761% 3,~~497~~309,~~504~~739.3130 19,~~918~~201.5750 ~~187~~203,~~765~~766.0001 B-3 26924UAE1 SUB 6.~~99483~~97761% 32,~~147~~978,~~680~~695.2368 17,~~926~~280.2995 ~~168~~183,~~984~~385.5512 B-4 26924UAJ0 SUB 6.~~99483~~97761% 21,~~098~~985,~~502~~843.58 11,~~951~~520.1490 ~~112~~122,~~659~~259.0061 B-5 26924UAK7 SUB 6.~~99483~~97761% ~~699~~661,~~500~~947.86 3,~~983~~840.7230 3740,~~553~~753.0020 B-6 26924UAL5 SUB 6.~~99483~~97761% ~~699~~662,~~574~~017.9698 3,~~984~~840.1471 3740,~~556~~757.9852 Totals ~~241~~215,~~422~~519,~~364~~024.7492 1,~~364~~241,~~921~~421.0297 2526,~~903~~448,~~339~~239.8019

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~171~~148,~~047~~802,~~133~~056.9582 2223,~~767~~244,~~053~~460.5177 0.00 A-2 0.00 1916,~~648~~974,~~985~~059.1765 2,~~943~~772,~~589~~953.2340 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 9,~~929~~317,~~148~~854.2146 ~~623~~668,~~046~~897.3584 0.00 B-1 0.00 54,~~295~~969,~~513~~491.1986 ~~332~~356,~~289~~743.3433 0.00 B-2 0.00 3,~~309~~105,~~739~~973.3029 ~~207~~222,~~683~~967.5751 0.00 B-3 0.00 2,~~978~~795,~~695~~310.6856 ~~186~~200,~~910~~666.8407 0.00 B-4 0.00 1,~~985~~863,~~843~~583.5897 ~~124~~133,~~610~~780.1451 0.00 B-5 0.00 ~~661~~621,~~947~~194.8666 4144,~~536~~593.7250 0.00 B-6 0.00 ~~662~~621,~~017~~260.9846 4144,~~541~~598.1223 0.00 Totals 0.00 ~~215~~189,~~519~~070,~~024~~785.9273 27,~~268~~689,~~260~~661.8216 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 ~~192~~171,~~708~~047,~~876~~133.4295 ~~175~~155,~~930~~891.5533 2122,~~485~~089,~~811~~185.9180 0.00 0.00 A-2 39,045,700.00 2219,~~482~~648,~~352~~985.8717 2320,~~157~~399.7098 2,~~810~~654,~~210~~525.0053 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 14,246,900.00 109,~~492~~929,~~439~~148.2721 9,~~638~~110.7517 ~~553~~602,~~652~~183.3158 0.00 0.00 B-1 7,598,300.00 5,~~595~~295,~~933~~513.2419 54,~~140~~858.6373 ~~295~~321,~~279~~162.4261 0.00 0.00 B-2 4,749,000.00 3,~~497~~309,~~504~~739.3130 3,~~212~~036.9474 ~~184~~200,~~552~~729.0627 0.00 0.00 B-3 4,274,000.00 32,~~147~~978,~~680~~695.2368 2,~~891~~733.5801 ~~166~~180,~~092~~652.9712 0.00 0.00 B-4 2,849,400.00 21,~~098~~985,~~502~~843.58 1,~~927~~822.7605 ~~110~~120,~~731~~437.2456 0.00 0.00 B-5 949,800.00 ~~699~~661,~~500~~947.86 ~~642~~607.5935 3640,~~910~~145.4185 0.00 0.00 B-6 949,900.71 ~~699~~662,~~574~~017.9698 ~~642~~607.6641 3640,~~914~~150.3211 0.00 0.00 Totals 949,791,400.71 ~~241~~215,~~422~~519,~~364~~024.7492 ~~223~~199,~~185~~066.1677 2526,~~680~~249,~~154~~172.6443 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 2122,~~661~~245,~~742~~077.4613 ~~171~~148,~~047~~802,~~133~~056.9582 0.~~19545379~~17003457 2122,~~661~~245,~~742~~077.4613 A-2 2,~~833~~674,~~367~~925.7052 1916,~~648~~974,~~985~~059.1765 0.~~50323045~~43472289 2,~~833~~674,~~367~~925.7052 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 ~~563~~611,~~291~~293.0675 9,~~929~~317,~~148~~854.2146 0.~~69693394~~65402680 ~~563~~611,~~291~~293.0675 B-1 ~~300~~326,~~420~~021.0533 54,~~295~~969,~~513~~491.1986 0.~~69693394~~65402680 ~~300~~326,~~420~~021.0533 B-2 ~~187~~203,~~765~~766.0001 3,~~309~~105,~~739~~973.3029 0.~~69693394~~65402680 ~~187~~203,~~765~~766.0001 B-3 ~~168~~183,~~984~~385.5512 2,~~978~~795,~~695~~310.6856 0.~~69693394~~65402680 ~~168~~183,~~984~~385.5512 B-4 ~~112~~122,~~659~~259.0061 1,~~985~~863,~~843~~583.5897 0.~~69693394~~65402680 ~~112~~122,~~659~~259.0061 B-5 3740,~~553~~753.0020 ~~661~~621,~~947~~194.8666 0.~~69693394~~65402681 3740,~~553~~753.0020 B-6 3740,~~556~~757.9852 ~~662~~621,~~017~~260.9846 0.~~69693387~~65402674 3740,~~556~~757.9852 Totals 2526,~~903~~448,~~339~~239.8019 ~~215~~189,~~519~~070,~~024~~785.9273 0.~~22691196~~19906559 2526,~~903~~448,~~339~~239.8019

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 ~~220~~195.~~20643994~~45379086 0.~~20103402~~17813541 2425.~~55161505~~24108415 0.00000000 A-2 39,045,700.00 ~~575~~503.~~79587176~~23044970 0.~~59309220~~52246419 7167.~~97232986~~98509260 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 ~~736~~696.~~47174262~~93394423 0.~~67655069~~63944928 3842.~~86124771~~26769192 0.00000000 B-1 7,598,300.00 ~~736~~696.~~47174236~~93394443 0.~~67655002~~63944961 3842.~~86124791~~26769277 0.00000000 B-2 4,749,000.00 ~~736~~696.~~47174352~~93394399 0.~~67655085~~63944830 3842.~~86124658~~26769215 0.00000000 B-3 4,274,000.00 ~~736~~696.~~47174310~~93394478 0.~~67655124~~63945016 3842.~~86124708~~26769303 0.00000000 B-4 2,849,400.00 ~~736~~696.~~47174142~~93394399 0.~~67654945~~63945041 3842.~~86124798~~26769144 0.00000000 B-5 949,800.00 ~~736~~696.~~47174142~~93394399 0.~~67655296~~63945041 3842.~~86124447~~26768793 0.00000000 B-6 949,900.71 ~~736~~696.~~47166765~~93387217 0.~~67655492~~63944578 3842.~~86124056~~26769133 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 2425.~~75264907~~41921956 ~~195~~170.~~45379086~~03457130 0.~~19545379~~17003457 2425.~~75264907~~41921956 A-2 0.00000000 7268.~~56542206~~50755704 ~~503~~434.~~23044970~~72289266 0.~~50323045~~43472289 7268.~~56542206~~50755704 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 3942.~~53779840~~90714120 ~~696~~654.~~93394423~~02680302 0.~~69693394~~65402680 3942.~~53779840~~90714120 B-1 0.00000000 3942.~~53779793~~90714107 ~~696~~654.~~93394443~~02680336 0.~~69693394~~65402680 3942.~~53779793~~90714107 B-2 0.00000000 3942.~~53779743~~90714045 ~~696~~654.~~93394399~~02680354 0.~~69693394~~65402680 3942.~~53779743~~90714045 B-3 0.00000000 3942.~~53779832~~90714085 ~~696~~654.~~93394478~~02680393 0.~~69693394~~65402680 3942.~~53779832~~90714085 B-4 0.00000000 3942.~~53779743~~90714185 ~~696~~654.~~93394399~~02680213 0.~~69693394~~65402680 3942.~~53779743~~90714185 B-5 0.00000000 3942.~~53779743~~90713834 ~~696~~654.~~93394399~~02680564 0.~~69693394~~65402681 3942.~~53779743~~90713834 B-6 0.00000000 3942.~~53779548~~90713710 ~~696~~654.~~93387217~~02673507 0.~~69693387~~65402674 3942.~~53779548~~90713710 (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.~~04466~~02719% ~~192~~171,~~708~~047,~~876~~133.4295 1,~~131~~001,~~307~~650.0472 0.00 0.00 A-2 39,045,700.00 6.~~02146~~00033% 2219,~~482~~648,~~352~~985.8717 ~~112~~98,~~813~~250.8525 0.00 0.00 R-1 50.00 7.~~07535~~07896% 0.00 0.00 0.00 0.00 R-2 50.00 7.~~07535~~07896% 0.00 0.00 0.00 0.00 R-3 50.00 7.~~07535~~07896% 0.00 0.00 0.00 0.00 A-3 14,246,900.00 6.~~99483~~97761% 109,~~492~~929,~~439~~148.2721 6157,~~160~~734.6876 0.00 0.00 B-1 7,598,300.00 6.~~99483~~97761% 5,~~595~~295,~~933~~513.2419 3230,~~618~~791.8369 0.00 0.00 B-2 4,749,000.00 6.~~99483~~97761% 3,~~497~~309,~~504~~739.3130 2019,~~387~~245.0406 0.00 0.00 B-3 4,274,000.00 6.~~99483~~97761% 32,~~147~~978,~~680~~695.2368 1817,~~347~~320.9015 0.00 0.00 B-4 2,849,400.00 6.~~99483~~97761% 21,~~098~~985,~~502~~843.58 1211,~~232~~547.2203 0.00 0.00 B-5 949,800.00 6.~~99483~~97761% ~~699~~661,~~500~~947.86 43,~~077~~849.4101 0.00 0.00 B-6 949,900.71 6.~~99483~~97761% ~~699~~662,~~574~~017.9698 43,~~077~~849.8442 0.00 0.00 Totals 949,791,400.71 1,~~397~~244,~~022~~238.8109 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-1 252,~~995~~267.9908 0.00 1999,~~105,311~~383.0564 0.00 ~~171~~148,~~047~~802,~~133~~056.9582 A-2 ~~2,592~~222.3237 0.00 ~~110~~98,~~221~~027.5388 0.00 1916,~~648~~974,~~985~~059.1765 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 ~~1,405~~130.3967 0.00 5957,~~755~~604.2909 0.00 9,~~929~~317,~~148~~854.2146 B-1 ~~749~~69.5469 0.00 3130,~~869~~722.2900 0.00 54,~~295~~969,~~513~~491.1986 B-2 ~~468~~43.4756 0.00 19,~~918~~201.5750 0.00 3,~~309~~105,~~739~~973.3029 B-3 ~~421~~39.6120 0.00 17,~~926~~280.2995 0.00 2,~~978~~795,~~695~~310.6856 B-4 ~~281~~26.0813 0.00 11,~~951~~520.1490 0.00 1,~~985~~863,~~843~~583.5897 B-5 938.6971 0.00 3,~~983~~840.7230 0.00 ~~661~~621,~~947~~194.8666 B-6 938.7071 0.00 3,~~984~~840.1471 0.00 ~~662~~621,~~017~~260.9846 Totals 322,~~101~~816.7912 0.00 1,~~364~~241,~~921~~421.0297 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.~~04466~~02719% ~~220~~195.~~20643994~~45379086 1.~~29273285~~14457592 0.00000000 0.00000000 A-2 39,045,700.00 6.~~02146~~00033% ~~575~~503.~~79587176~~23044970 2.~~88927718~~51628861 0.00000000 0.00000000 R-1 50.00 7.~~07535~~07896% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.~~07535~~07896% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 7.~~07535~~07896% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 6.~~99483~~97761% ~~736~~696.~~47174262~~93394423 4.~~29291144~~05244369 0.00000000 0.00000000 B-1 7,598,300.00 6.~~99483~~97761% ~~736~~696.~~47174236~~93394443 4.~~29291157~~05244463 0.00000000 0.00000000 B-2 4,749,000.00 6.~~99483~~97761% ~~736~~696.~~47174352~~93394399 4.~~29291219~~05244473 0.00000000 0.00000000 B-3 4,274,000.00 6.~~99483~~97761% ~~736~~696.~~47174310~~93394478 4.~~29291062~~05244502 0.00000000 0.00000000 B-4 2,849,400.00 6.~~99483~~97761% ~~736~~696.~~47174142~~93394399 4.~~29291079~~05244262 0.00000000 0.00000000 B-5 949,800.00 6.~~99483~~97761% ~~736~~696.~~47174142~~93394399 4.~~29291430~~05244262 0.00000000 0.00000000 B-6 949,900.71 6.~~99483~~97761% ~~736~~696.~~47166765~~93387217 4.~~29291183~~05244460 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.~~02970535~~00259057 0.00000000 1.~~26302750~~14198535 0.00000000 ~~195~~170.~~45379086~~03457130 A-2 0.~~06639195~~00569512 0.00000000 2.~~82288523~~51059348 0.00000000 ~~503~~434.~~23044970~~72289266 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.~~09864532~~00917182 0.00000000 4.~~19426612~~04327187 0.00000000 ~~696~~654.~~93394423~~02680302 B-1 0.~~09864575~~00917179 0.00000000 4.~~19426582~~04327284 0.00000000 ~~696~~654.~~93394443~~02680336 B-2 0.~~09864603~~00917246 0.00000000 4.~~19426616~~04327227 0.00000000 ~~696~~654.~~93394399~~02680354 B-3 0.~~09864530~~00917174 0.00000000 4.~~19426533~~04327328 0.00000000 ~~696~~654.~~93394478~~02680393 B-4 0.~~09864533~~00917035 0.00000000 4.~~19426546~~04327227 0.00000000 ~~696~~654.~~93394399~~02680213 B-5 0.~~09864182~~00917035 0.00000000 4.~~19427248~~04327227 0.00000000 ~~696~~654.~~93394399~~02680564 B-6 0.~~09864189~~00916938 0.00000000 4.~~19426995~~04327522 0.00000000 ~~696~~654.~~93387217~~02673507 (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 27,~~327~~739,~~921~~243.4639 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1820,~~237~~164.2596 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 27,~~346~~759,~~158~~408.7135 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7769,~~897~~747.8919 Payment of Interest and Principal 27,~~268~~689,~~260~~661.8216 Total Withdrawals (Pool Distribution Amount) 27,~~346~~759,~~158~~408.7135 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 322,~~101~~816.8012 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 322,~~101~~816.8012

SERVICING FEES Gross Servicing Fee 5347,~~646~~869.0433 Special Servicing Fee 0.00 Supplemental PMI Insurance Fee 2421,~~251~~877.8586 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7769,~~897~~747.8919

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 ~~761~~1,~~871~~080,237.2326 0.00 0.00 0.00 ~~761~~1,~~871~~080,237.2326 60 Days 0 0 01 0 01 0.00 0.00 0413,243.0064 0.00 0413,243.0064 90 Days 0 0 10 0 10 0.00 0.00 ~~413,808~~0.2200 0.00 ~~413,808~~0.2200 120 Days 10 0 0 0 10 ~~291,298~~0.5100 0.00 0.00 0.00 ~~291,298~~0.5100 150 Days 0 0 01 0 01 0.00 0.00 0291,298.0051 0.00 0291,298.0051 180+ Days 0 1 1 1 3 0.00 486,879.14 273,211.10 273,250.65 1,033,340.89 Totals 3 1 23 1 78 1,~~053~~080,~~169~~237.7426 486,879.14 ~~687~~977,~~019~~753.3225 273,250.65 2,~~500~~818,~~318~~120.8530 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.~~367647~~626305% 0.000000% 0.000000% 0.000000% 0.~~367647~~626305% 0.~~353206~~570879% 0.000000% 0.000000% 0.000000% 0.~~353206~~570879% 60 Days 0.000000% 0.000000% 0.~~000000~~208768% 0.000000% 0.~~000000~~208768% 0.000000% 0.000000% 0.~~000000~~218389% 0.000000% 0.~~000000~~218389% 90 Days 0.000000% 0.000000% 0.~~183824~~000000% 0.000000% 0.~~183824~~000000% 0.000000% 0.000000% 0.~~191843~~000000% 0.000000% 0.~~191843~~000000% 120 Days 0.~~183824~~000000% 0.000000% 0.000000% 0.000000% 0.~~183824~~000000% 0.~~135047~~000000% 0.000000% 0.000000% 0.000000% 0.~~135047~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~208768% 0.000000% 0.~~000000~~208768% 0.000000% 0.000000% 0.~~000000~~153944% 0.000000% 0.~~000000~~153944% 180+ Days 0.000000% 0.~~183824~~208768% 0.~~183824~~208768% 0.~~183824~~208768% 0.~~551471~~626305% 0.000000% 0.~~225719~~257304% 0.~~126661~~144385% 0.~~126680~~144406% 0.~~479060~~546095% Totals 0.~~551471~~626305% 0.~~183824~~208768% 0.~~367647~~626305% 0.~~183824~~208768% 1.~~286765~~670146% 0.~~488253~~570879% 0.~~225719~~257304% 0.~~318504~~516718% 0.~~126680~~144406% 1.~~159155~~489307%

Delinquency Status By Groups

~~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 ~~761~~1,~~871~~080,237.2326 0.00 0.00 0.00 ~~761~~1,~~871~~080,237.2326 60 Days 0 0 01 0 01 0.00 0.00 0413,243.0064 0.00 0413,243.0064 90 Days 0 0 10 0 10 0.00 0.00 ~~413,808~~0.2200 0.00 ~~413,808~~0.2200 120 Days 10 0 0 0 10 ~~291,298~~0.5100 0.00 0.00 0.00 ~~291,298~~0.5100 150 Days 0 0 01 0 01 0.00 0.00 0291,298.0051 0.00 0291,298.0051 180 Days 0 1 1 1 3 0.00 486,879.14 273,211.10 273,250.65 1,033,340.89 Totals 3 1 23 1 78 1,~~053~~080,~~169~~237.7426 486,879.14 ~~687~~977,~~019~~753.3225 273,250.65 2,~~500~~818,~~318~~120.8530 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~407332~~692841% 0.000000% 0.000000% 0.000000% 0.~~407332~~692841% 0.~~391027~~631288% 0.000000% 0.000000% 0.000000% 0.~~391027~~631288% 60 Days 0.000000% 0.000000% 0.~~000000~~230947% 0.000000% 0.~~000000~~230947% 0.000000% 0.000000% 0.~~000000~~241499% 0.000000% 0.~~000000~~241499% 90 Days 0.000000% 0.000000% 0.~~203666~~000000% 0.000000% 0.~~203666~~000000% 0.000000% 0.000000% 0.~~212385~~000000% 0.000000% 0.~~212385~~000000% 120 Days 0.~~203666~~000000% 0.000000% 0.000000% 0.000000% 0.~~203666~~000000% 0.~~149508~~000000% 0.000000% 0.000000% 0.000000% 0.~~149508~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~230947% 0.000000% 0.~~000000~~230947% 0.000000% 0.000000% 0.~~000000~~170234% 0.000000% 0.~~000000~~170234% 180 Days 0.000000% 0.~~203666~~230947% 0.~~203666~~230947% 0.~~203666~~230947% 0.~~610998~~692841% 0.000000% 0.~~249889~~284531% 0.~~140225~~159664% 0.~~140245~~159687% 0.~~530358~~603882% Totals 0.~~610998~~692841% 0.~~203666~~230947% 0.~~407332~~692841% 0.~~203666~~230947% 1.~~425662~~847575% 0.~~540535~~631288% 0.~~249889~~284531% 0.~~352610~~571396% 0.~~140245~~159687% 1.~~283279~~646902% 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 1820,~~237~~164.2596

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 21,370,550.71 2.25002571% 1413,~~893~~976,~~757~~814.5980 67.~~91064633~~39237146% 9392.~~089354~~607629% 9493.~~267811~~932246% Class R-I 21,370,500.71 2.25002045% 1413,~~893~~976,~~757~~814.5980 67.~~91064633~~39237146% 0.000000% 0.000000% Class R-II 21,370,450.71 2.25001518% 1413,~~893~~976,~~757~~814.5980 67.~~91064633~~39237146% 0.000000% 0.000000% Class R-III 21,370,400.71 2.25000992% 1413,~~893~~976,~~757~~814.5980 67.~~91064633~~39237146% 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.~~331155~~316210% Weighted Average Net Coupon 7.~~064506~~049675% Weighted Average Pass-Through Rate 6.~~943961~~927860% Weighted Average Maturity(Stepdown Calculation ) ~~334~~333 Beginning Scheduled Collateral Loan Count ~~611~~544 Number Of Loans Paid In Full 6765 Ending Scheduled Collateral Loan Count ~~544~~479 Beginning Scheduled Collateral Balance ~~241~~215,~~422~~519,~~364~~024.7393 Ending Scheduled Collateral Balance ~~215~~189,~~519~~070,~~024~~785.9373 Ending Actual Collateral Balance at 3031-~~Nov~~Dec-2002 ~~215~~189,~~701~~223,~~800~~602.7794 Monthly P &I Constant 1,~~696~~513,~~446~~052.1408 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2526,~~739~~019,~~231~~903.0562 Ending Scheduled Balance for Premium Loans ~~215~~189,~~519~~070,~~024~~785.9373 Scheduled Principal ~~223~~199,~~185~~066.1577 Unscheduled Principal 2526,~~680~~249,~~154~~172.6543

Miscellaneous Reporting Senior Percentage Group I 8887.~~535621~~864491% Senior Prep. Percentage Group I 9493.~~267811~~932246% Subordinate Percentage Group I 1112.~~464379~~135509% Subordinate Prep. Percentage Group I 56.~~732189~~067754% Senior Percentage Group II 94.~~623372~~250981% Senior Prep. Percentage Group II 97.~~311686~~125490% Subordinate Percentage Group II 5.~~376628~~749019% Subordinate Prep. Percentage Group II 2.~~688314~~874510% 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.~~427812~~411073 6.~~445685~~430384 7.~~331155~~316210 Weighted Average Net Rate 7.~~164632~~148216 6.~~147251~~129516 7.~~064506~~049675 Weighted Average Maturity ~~334~~333 ~~341~~340 ~~334~~333 Beginning Loan Count ~~551~~491 6053 ~~611~~544 Loans Paid In Full 6058 7 6765 Ending Loan Count ~~491~~433 5346 ~~544~~479 Beginning Scheduled Balance ~~217~~194,~~662~~671,~~534~~512.2027 2320,~~759~~847,~~830~~512.5366 ~~241~~215,~~422~~519,~~364~~024.7393 Ending scheduled Balance ~~194~~170,~~671~~978,~~512~~005.2781 2018,~~847~~092,~~512~~779.6692 ~~215~~189,~~519~~070,~~024~~785.9373 Record Date 1112/3031/2002 1112/3031/2002 1112/3031/2002 Principal And Interest Constant 1,~~544~~379,~~348~~693.9316 ~~152~~133,~~097~~358.2192 1,~~696~~513,~~446~~052.1408 Scheduled Principal ~~198~~177,~~711~~422.6045 2421,~~473~~644.5532 ~~223~~199,~~185~~066.1577 Unscheduled Principal 2223,~~792~~516,~~310~~084.3301 2,~~887~~733,~~844~~088.3242 2526,~~680~~249,~~154~~172.6543 Scheduled Interest 1,~~347~~202,~~297~~270.0771 ~~127~~111,~~623~~714.6660 1,~~474~~313,~~920~~985.7331 Servicing Fees 4742,~~737~~642.0936 5,~~908~~226.9597 5347,~~646~~869.0433 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 2119,~~761~~633.2244 2,~~490~~244.6342 2421,~~251~~877.8586 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 1,~~277~~139,~~798~~994.7691 ~~119~~104,~~224~~243.0821 1,~~397~~244,~~022~~238.8412 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.~~044660~~027191 6.~~021461~~000325 6.~~943961~~927860

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