8-K 1 etr01001.txt MARCH 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): March 25, 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 90-0042439 Pooling and Servicing Agreement) (Commission 80-0052851 (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 March 25, 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 March 25, 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: 4/2/03 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 March 25, 2003 distribution.

E*Trade ARM Trust Mortgage Pass-Through Certificates Record Date: 122/3128/0203 Distribution Date: 13/2725/03 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.~~02719~~03004% ~~171~~132,~~047~~567,~~133~~557.9529 ~~999~~768,~~383~~088.6457 2216,~~245~~642,~~077~~136.1364 A-2 26924UAB7 SEN 65.~~00033~~75861% 1914,~~648~~939,~~985~~880.1702 9870,~~027~~905.8862 2319,~~674,925~~336.5250 R-1 26924UAF8 RES 7.~~07896~~08793% 0.00 0.00 0.00 R-2 26924UAH4 RES 7.~~07896~~08793% 0.00 0.00 0.00 R-3 26924UAM3 RES 7.~~07896~~08793% 0.00 0.00 0.00 A-3 26924UAG6 MEZ 6.~~97761~~96943% 98,~~929~~836,~~148~~988.2195 5750,~~604~~759.0952 ~~611~~498,~~293~~206.7573 B-1 26924UAC5 SUB 6.~~97761~~96943% 54,~~295~~713,~~513~~031.1983 3027,~~722~~071.0058 ~~326~~265,~~021~~708.3362 B-2 26924UAD3 SUB 6.~~97761~~96943% 32,~~309~~945,~~739~~683.3066 1916,~~201~~919.5096 ~~203~~166,~~766~~070.0108 B-3 26924UAE1 SUB 6.~~97761~~96943% 2,~~978~~651,~~695~~053.6827 1715,~~280~~227.9561 ~~183~~149,~~385~~459.1257 B-4 26924UAJ0 SUB 6.~~97761~~96943% 1,~~985~~767,~~843~~410.5820 1110,~~520~~151.9098 ~~122~~99,~~259~~642.6105 B-5 26924UAK7 SUB 6.~~97761~~96943% ~~661~~589,~~947~~136.8673 3,~~840~~383.3099 4033,~~753~~214.2002 B-6 26924UAL5 SUB 6.~~97761~~96943% ~~662~~589,~~017~~199.9814 3,~~840~~384.7135 4033,~~757~~217.5253 Totals ~~215~~169,~~519~~599,~~024~~941.9209 1965,~~241,421~~893.9718 2618,~~448~~206,~~239~~991.1974

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~148~~115,~~802~~925,~~056~~420.8265 2317,~~244~~410,~~460~~225.7721 0.00 A-2 0.00 1614,~~974~~620,~~059~~543.6552 2390,~~772,953~~242.4012 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 98,~~317~~338,~~854~~782.4622 ~~668~~548,~~897~~966.8425 0.00 B-1 0.00 4,~~969~~447,~~491~~323.8620 ~~356~~292,~~743~~780.3320 0.00 B-2 0.00 32,~~105~~779,~~973~~613.2958 ~~222~~182,~~967~~990.5104 0.00 B-3 0.00 2,~~795~~501,~~310~~593.5670 ~~200~~164,~~666~~687.0718 0.00 B-4 0.00 1,~~863~~667,~~583~~768.9715 ~~133~~109,~~780~~794.5103 0.00 B-5 0.00 ~~621~~555,~~194~~922.6672 4436,~~593~~598.5001 0.00 B-6 0.00 ~~621~~555,~~260~~981.4661 4436,~~598~~601.2388 0.00 Totals 0.00 ~~189~~151,~~070~~392,~~785~~949.7335 2719,~~689~~172,~~661~~884.1692 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 ~~171~~132,~~047~~567,~~133~~557.9529 ~~155~~123,~~891~~924.3316 2216,~~089~~518,~~185~~212.8048 0.00 0.00 A-2 39,045,700.00 1914,~~648~~939,~~985~~880.1702 2015,~~399~~750.9889 2303,~~654,525~~585.5361 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 98,~~929~~836,~~148~~988.2195 98,~~110~~311.1715 ~~602~~489,~~183~~895.58 0.00 0.00 B-1 7,598,300.00 54,~~295~~713,~~513~~031.1983 4,~~858~~432.7359 ~~321~~261,~~162~~276.6104 0.00 0.00 B-2 4,749,000.00 32,~~309~~945,~~739~~683.3066 32,~~036~~770.7440 ~~200~~163,~~729~~299.2767 0.00 0.00 B-3 4,274,000.00 2,~~978~~651,~~695~~053.6827 2,~~733~~493.0131 ~~180~~146,~~652~~966.1227 0.00 0.00 B-4 2,849,400.00 1,~~985~~767,~~843~~410.5820 1,~~822~~662.0524 ~~120~~97,~~437~~979.5680 0.00 0.00 B-5 949,800.00 ~~661~~589,~~947~~136.8673 ~~607~~554.3508 4032,~~145~~659.8593 0.00 0.00 B-6 949,900.71 ~~662~~589,~~017~~199.9814 ~~607~~554.4114 4032,~~150~~663.1139 0.00 0.00 Totals 949,791,400.71 ~~215~~169,~~519~~599,~~024~~941.9209 ~~199~~160,~~066~~452.7796 2618,~~249~~046,~~172~~538.4377 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 2216,~~245~~642,~~077~~136.1364 ~~148~~115,~~802~~925,~~056~~420.8265 0.~~17003457~~13246678 2216,~~245~~642,~~077~~136.1364 A-2 2319,~~674,925~~336.5250 1614,~~974~~620,~~059~~543.6552 0.~~43472289~~37444696 2319,~~674,925~~336.5250 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 ~~611~~498,~~293~~206.7573 98,~~317~~338,~~854~~782.4622 0.~~65402680~~58530503 ~~611~~498,~~293~~206.7573 B-1 ~~326~~265,~~021~~708.3362 4,~~969~~447,~~491~~323.8620 0.~~65402680~~58530503 ~~326~~265,~~021~~708.3362 B-2 ~~203~~166,~~766~~070.0108 32,~~105~~779,~~973~~613.2958 0.~~65402680~~58530503 ~~203~~166,~~766~~070.0108 B-3 ~~183~~149,~~385~~459.1257 2,~~795~~501,~~310~~593.5670 0.~~65402680~~58530503 ~~183~~149,~~385~~459.1257 B-4 ~~122~~99,~~259~~642.6105 1,~~863~~667,~~583~~768.9715 0.~~65402680~~58530503 ~~122~~99,~~259~~642.6105 B-5 4033,~~753~~214.2002 ~~621~~555,~~194~~922.6672 0.~~65402681~~58530503 4033,~~753~~214.2002 B-6 4033,~~757~~217.5253 ~~621~~555,~~260~~981.4661 0.~~65402674~~58530497 4033,~~757~~217.5253 Totals 2618,~~448~~206,~~239~~991.1974 ~~189~~151,~~070~~392,~~785~~949.7335 0.~~19906559~~15939600 2618,~~448~~206,~~239~~991.1974

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 ~~195~~151.~~45379086~~48357660 0.~~17813541~~14160686 2518.~~24108415~~87519056 0.00000000 A-2 39,045,700.00 ~~503~~382.~~23044970~~62548808 0.~~52246419~~40339628 677.~~98509260~~77513555 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 ~~696~~620.~~93394423~~27451235 0.~~63944928~~58336550 4234.~~26769192~~38611768 0.00000000 B-1 7,598,300.00 ~~696~~620.~~93394443~~27451272 0.~~63944961~~58336602 4234.~~26769277~~38611795 0.00000000 B-2 4,749,000.00 ~~696~~620.~~93394399~~27451253 0.~~63944830~~58336492 4234.~~26769215~~38611708 0.00000000 B-3 4,274,000.00 ~~696~~620.~~93394478~~27451334 0.~~63945016~~58336687 4234.~~26769303~~38611839 0.00000000 B-4 2,849,400.00 ~~696~~620.~~93394399~~27451393 0.~~63945041~~58336492 4234.~~26769144~~38611638 0.00000000 B-5 949,800.00 ~~696~~620.~~93394399~~27451042 0.~~63945041~~58336492 4234.~~26768793~~38611287 0.00000000 B-6 949,900.71 ~~696~~620.~~93387217~~27444953 0.~~63944578~~58336623 4234.~~26769133~~38610968 0.00000000 2) All Senior Classes and Mezzanine Classes are per $1,000 denomination, all Offered ~~Subordina~~Subordinate Classes are $25,000 Denomination.

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 2519.~~41921956~~01679741 ~~170~~132.~~03457130~~46677918 0.~~17003457~~13246678 2519.~~41921956~~01679741 A-2 0.00000000 688.~~50755704~~17853182 ~~434~~374.~~72289266~~44695626 0.~~43472289~~37444696 688.~~50755704~~17853182 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 4234.~~90714120~~96948319 ~~654~~585.~~02680302~~30502916 0.~~65402680~~58530503 4234.~~90714120~~96948319 B-1 0.00000000 4234.~~90714107~~96948265 ~~654~~585.~~02680336~~30502876 0.~~65402680~~58530503 4234.~~90714107~~96948265 B-2 0.00000000 4234.~~90714045~~96948410 ~~654~~585.~~02680354~~30502843 0.~~65402680~~58530503 4234.~~90714045~~96948410 B-3 0.00000000 4234.~~90714085~~96948292 ~~654~~585.~~02680393~~30503042 0.~~65402680~~58530503 4234.~~90714085~~96948292 B-4 0.00000000 4234.~~90714185~~96948480 ~~654~~585.~~02680213~~30502913 0.~~65402680~~58530503 4234.~~90714185~~96948480 B-5 0.00000000 4234.~~90713834~~96948831 ~~654~~585.~~02680564~~30503264 0.~~65402681~~58530503 4234.~~90713834~~96948831 B-6 0.00000000 4234.~~90713710~~96947592 ~~654~~585.~~02673507~~30497361 0.~~65402674~~58530497 4234.~~90713710~~96947592 (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.~~02719~~03004% ~~171~~132,~~047~~567,~~133~~557.9529 1776,~~001,650~~629.7278 0.00 0.00 A-2 39,045,700.00 65.~~00033~~75861% 1914,~~648~~939,~~985~~880.1702 9871,~~250~~694.2510 0.00 0.00 R-1 50.00 7.~~07896~~08793% 0.00 0.00 0.00 0.00 R-2 50.00 7.~~07896~~08793% 0.00 0.00 0.00 0.00 R-3 50.00 7.~~07896~~08793% 0.00 0.00 0.00 0.00 A-3 14,246,900.00 6.~~97761~~96943% 98,~~929~~836,~~148~~988.2195 5751,~~734~~323.7697 0.00 0.00 B-1 7,598,300.00 6.~~97761~~96943% 54,~~295~~713,~~513~~031.1983 3027,~~791~~372.6962 0.00 0.00 B-2 4,749,000.00 6.~~97761~~96943% 32,~~309~~945,~~739~~683.3066 1917,~~245~~108.0611 0.00 0.00 B-3 4,274,000.00 6.~~97761~~96943% 2,~~978~~651,~~695~~053.6827 1715,~~320~~396.1594 0.00 0.00 B-4 2,849,400.00 6.~~97761~~96943% 1,~~985~~767,~~843~~410.5820 1110,~~547~~264.0387 0.00 0.00 B-5 949,800.00 6.~~97761~~96943% ~~661~~589,~~947~~136.8673 3,~~849~~421.0162 0.00 0.00 B-6 949,900.71 6.~~97761~~96943% ~~662~~589,~~017~~199.9814 3,~~849~~421.4298 0.00 0.00 Totals 949,791,400.71 1976,~~244,238~~633.0999 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 28,~~267~~541.0821 0.00 ~~999~~768,~~383~~088.6457 0.00 ~~148~~115,~~802~~925,~~056~~420.8265 A-2 ~~222~~788.3748 0.00 9870,~~027~~905.8862 0.00 1614,~~974~~620,~~059~~543.6552 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 ~~130~~564.6745 0.00 5750,~~604~~759.0952 0.00 98,~~317~~338,~~854~~782.4622 B-1 69301.6904 0.00 3027,~~722~~071.0058 0.00 4,~~969~~447,~~491~~323.8620 B-2 43188.5615 0.00 1916,~~201~~919.5096 0.00 32,~~105~~779,~~973~~613.2958 B-3 39169.2033 0.00 1715,~~280~~227.9561 0.00 2,~~795~~501,~~310~~593.5670 B-4 26112.1389 0.00 1110,~~520~~151.9098 0.00 1,~~863~~667,~~583~~768.9715 B-5 837.7163 0.00 3,~~840~~383.3099 0.00 ~~621~~555,~~194~~922.6672 B-6 837.7163 0.00 3,~~840~~384.7135 0.00 ~~621~~555,~~260~~981.4661 Totals 210,~~816~~740.1281 0.00 1965,~~241,421~~893.9718 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.~~02719~~03004% ~~195~~151.~~45379086~~48357660 10.~~14457592~~88744682 0.00000000 0.00000000 A-2 39,045,700.00 65.~~00033~~75861% ~~503~~382.~~23044970~~62548808 21.~~51628861~~83615866 0.00000000 0.00000000 R-1 50.00 7.~~07896~~08793% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.~~07896~~08793% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 7.~~07896~~08793% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 6.~~97761~~96943% ~~696~~620.~~93394423~~27451235 43.~~05244369~~60246580 0.00000000 0.00000000 B-1 7,598,300.00 6.~~97761~~96943% ~~696~~620.~~93394443~~27451272 43.~~05244463~~60246634 0.00000000 0.00000000 B-2 4,749,000.00 6.~~97761~~96943% ~~696~~620.~~93394399~~27451253 43.~~05244473~~60246578 0.00000000 0.00000000 B-3 4,274,000.00 6.~~97761~~96943% ~~696~~620.~~93394478~~27451334 43.~~05244502~~60246607 0.00000000 0.00000000 B-4 2,849,400.00 6.~~97761~~96943% ~~696~~620.~~93394399~~27451393 43.~~05244262~~60246719 0.00000000 0.00000000 B-5 949,800.00 6.~~97761~~96943% ~~696~~620.~~93394399~~27451042 43.~~05244262~~60246368 0.00000000 0.00000000 B-6 949,900.71 6.~~97761~~96943% ~~696~~620.~~93387217~~27444953 43.~~05244460~~60246072 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.~~00259057~~00975995 0.00000000 10.~~14198535~~87768686 0.00000000 ~~170~~132.~~03457130~~46677918 A-2 0.~~00569512~~02019377 0.00000000 21.~~51059348~~81596488 0.00000000 ~~434~~374.~~72289266~~44695626 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.~~00917182~~03961915 0.00000000 43.~~04327187~~56284665 0.00000000 ~~654~~585.~~02680302~~30502916 B-1 0.~~00917179~~03961939 0.00000000 43.~~04327284~~56284695 0.00000000 ~~654~~585.~~02680336~~30502876 B-2 0.~~00917246~~03961887 0.00000000 43.~~04327227~~56284692 0.00000000 ~~654~~585.~~02680354~~30502843 B-3 0.~~00917174~~03961862 0.00000000 43.~~04327328~~56284745 0.00000000 ~~654~~585.~~02680393~~30503042 B-4 0.~~00917035~~03961887 0.00000000 43.~~04327227~~56284832 0.00000000 ~~654~~585.~~02680213~~30502913 B-5 0.~~00917035~~03961887 0.00000000 43.~~04327227~~56284481 0.00000000 ~~654~~585.~~02680564~~30503264 B-6 0.~~00916938~~03961467 0.00000000 43.~~04327522~~56284606 0.00000000 ~~654~~585.~~02673507~~30497361 (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 2719,~~739~~209,~~243~~712.3942 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2018,~~164~~101.96 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 2719,~~759~~227,~~408~~814.3538 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6954,~~747~~929.1946 Payment of Interest and Principal 2719,~~689~~172,~~661~~884.1692 Total Withdrawals (Pool Distribution Amount) 2719,~~759~~227,~~408~~814.3538 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 210,~~816~~740.1281 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 210,~~816~~740.1281

SERVICING FEES Gross Servicing Fee 4737,~~869~~728.3327 Special Servicing Fee 0.00 Supplemental PMI Insurance Fee 2117,~~877~~201.8619 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6954,~~747~~929.1946

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 30 0 0 0 30 ~~1,080,237~~0.2600 0.00 0.00 0.00 ~~1,080,237~~0.2600 60 Days 01 0 1 0 12 0319,000.00 0.00 ~~413~~412,~~243~~670.6467 0.00 ~~413~~731,~~243~~670.6467 90 Days 0 0 01 0 01 0.00 0.00 0463,585.0013 0.00 0463,585.0013 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~291,298~~0.5100 0.00 ~~291,298~~0.5100 180+ Days 0 1 12 1 34 0.00 486,879.14 ~~273~~564,~~211~~509.1061 273,250.65 1,~~033~~324,~~340~~639.8940 Totals 31 1 34 1 87 1319,~~080,237~~000.2600 486,879.14 ~~977~~1,~~753~~440,765.2541 273,250.65 2,~~818~~519,~~120~~895.3020 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.~~626305~~000000% 0.000000% 0.000000% 0.000000% 0.~~626305~~000000% 0.~~570879~~000000% 0.000000% 0.000000% 0.000000% 0.~~570879~~000000% 60 Days 0.~~000000~~260417% 0.000000% 0.~~208768~~260417% 0.000000% 0.~~208768~~520833% 0.~~000000~~210518% 0.000000% 0.~~218389~~272335% 0.000000% 0.~~218389~~482853% 90 Days 0.000000% 0.000000% 0.~~000000~~260417% 0.000000% 0.~~000000~~260417% 0.000000% 0.000000% 0.~~000000~~305935% 0.000000% 0.~~000000~~305935% 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.~~208768~~000000% 0.000000% 0.~~208768~~000000% 0.000000% 0.000000% 0.~~153944~~000000% 0.000000% 0.~~153944~~000000% 180+ Days 0.000000% 0.~~208768~~260417% 0.~~208768~~520833% 0.~~208768~~260417% 01.~~626305~~041667% 0.000000% 0.~~257304~~321307% 0.~~144385~~372538% 0.~~144406~~180327% 0.~~546095~~874172% Totals 0.~~626305~~260417% 0.~~208768~~260417% 01.~~626305~~041667% 0.~~208768~~260417% 1.~~670146~~822917% 0.~~570879~~210518% 0.~~257304~~321307% 0.~~516718~~950807% 0.~~144406~~180327% 1.~~489307~~662959%

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 30 0 0 0 30 ~~1,080,237~~0.2600 0.00 0.00 0.00 ~~1,080,237~~0.2600 60 Days 01 0 1 0 12 0319,000.00 0.00 ~~413~~412,~~243~~670.6467 0.00 ~~413~~731,~~243~~670.6467 90 Days 0 0 01 0 01 0.00 0.00 0463,585.0013 0.00 0463,585.0013 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~291,298~~0.5100 0.00 ~~291,298~~0.5100 180 Days 0 1 12 1 34 0.00 486,879.14 ~~273~~564,~~211~~509.1061 273,250.65 1,~~033~~324,~~340~~639.8940 Totals 31 1 34 1 87 1319,~~080,237~~000.2600 486,879.14 ~~977~~1,~~753~~440,765.2541 273,250.65 2,~~818~~519,~~120~~895.3020 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~692841~~000000% 0.000000% 0.000000% 0.000000% 0.~~692841~~000000% 0.~~631288~~000000% 0.000000% 0.000000% 0.000000% 0.~~631288~~000000% 60 Days 0.~~000000~~289855% 0.000000% 0.~~230947~~289855% 0.000000% 0.~~230947~~579710% 0.~~000000~~234808% 0.000000% 0.~~241499~~303757% 0.000000% 0.~~241499~~538566% 90 Days 0.000000% 0.000000% 0.~~000000~~289855% 0.000000% 0.~~000000~~289855% 0.000000% 0.000000% 0.~~000000~~341234% 0.000000% 0.~~000000~~341234% 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.~~230947~~000000% 0.000000% 0.~~230947~~000000% 0.000000% 0.000000% 0.~~170234~~000000% 0.000000% 0.~~170234~~000000% 180 Days 0.000000% 0.~~230947~~289855% 0.~~230947~~579710% 0.~~230947~~289855% 01.~~692841~~159420% 0.000000% 0.~~284531~~358380% 0.~~159664~~415522% 0.~~159687~~201133% 0.~~603882~~975036% Totals 0.~~692841~~289855% 0.~~230947~~289855% 01.~~692841~~159420% 0.~~230947~~289855% 12.~~847575~~028986% 0.~~631288~~234808% 0.~~284531~~358380% 01.~~571396~~060514% 0.~~159687~~201133% 1.~~646902~~854836% 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 2018,~~164~~101.96

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 21,370,550.71 2.25002571% 1312,~~976~~508,~~814~~202.8096 78.~~39237146~~26207760% 9291.~~607629~~737922% 93.~~932246~~151580% Class R-I 21,370,500.71 2.25002045% 1312,~~976~~508,~~814~~202.8096 78.~~39237146~~26207760% 0.000000% 0.000000% Class R-II 21,370,450.71 2.25001518% 1312,~~976~~508,~~814~~202.8096 78.~~39237146~~26207760% 0.000000% 0.000000% Class R-III 21,370,400.71 2.25000992% 1312,~~976~~508,~~814~~202.8096 78.~~39237146~~26207760% 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.~~316210~~298801% Weighted Average Net Coupon 7.~~049675~~031855% Weighted Average Pass-Through Rate 6.~~927860~~910149% Weighted Average Maturity(Stepdown Calculation ) ~~333~~331 Beginning Scheduled Collateral Loan Count ~~544~~432 Number Of Loans Paid In Full 6548 Ending Scheduled Collateral Loan Count ~~479~~384 Beginning Scheduled Collateral Balance ~~215~~169,~~519~~599,~~024~~941.9309 Ending Scheduled Collateral Balance ~~189~~151,~~070~~392,~~785~~949.7336 Ending Actual Collateral Balance at 3128-~~Dec~~Feb-~~2002~~2003 ~~189~~151,~~223~~530,~~602~~787.9470 Monthly P &I Constant 1,~~513~~195,~~052~~232.0851 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2617,~~019~~809,~~903~~797.6201 Ending Scheduled Balance for Premium Loans ~~189~~151,~~070~~392,~~785~~949.7336 Scheduled Principal ~~199~~160,~~066~~452.7796 Unscheduled Principal 2618,~~249~~046,~~172~~538.4377

Miscellaneous Reporting Senior Percentage Group I 8786.~~864491~~303160% Senior Prep. Percentage Group I 93.~~932246~~151580% Subordinate Percentage Group I 1213.~~135509~~696840% Subordinate Prep. Percentage Group I 6.~~067754~~848420% Senior Percentage Group II 9493.~~250981~~414531% Senior Prep. Percentage Group II 9796.~~125490~~707265% Subordinate Percentage Group II 56.~~749019~~585469% Subordinate Prep. Percentage Group II 23.~~874510~~292735% 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.~~411073~~415229 6.~~430384~~180556 7.~~316210~~298801 Weighted Average Net Rate 7.~~148216~~151278 65.~~129516~~884847 7.~~049675~~031855 Weighted Average Maturity ~~333~~331 ~~340~~338 ~~333~~331 Beginning Loan Count ~~491~~392 5340 ~~544~~432 Loans Paid In Full 5847 71 6548 Ending Loan Count ~~433~~345 4639 ~~479~~384 Beginning Scheduled Balance ~~194~~153,~~671~~606,~~512~~840.2736 2015,~~847~~993,~~512~~100.6673 ~~215~~169,~~519~~599,~~024~~941.9309 Ending scheduled Balance ~~170~~135,~~978~~730,~~005~~632.8115 1815,~~092~~662,~~779~~317.9221 ~~189~~151,~~070~~392,~~785~~949.7336 Record Date 1202/3128/~~2002~~2003 1202/3128/~~2002~~2003 1202/3128/~~2002~~2003 Principal And Interest Constant 1,~~379~~092,~~693~~783.1627 ~~133~~102,~~358~~449.9224 1,~~513~~195,~~052~~232.0851 Scheduled Principal ~~177~~143,~~422~~591.4568 2116,~~644~~861.3228 ~~199~~160,~~066~~452.7796 Unscheduled Principal 2317,~~516~~732,~~084~~616.0153 2313,~~733,088~~922.4224 2618,~~249~~046,~~172~~538.4377 Scheduled Interest 1949,~~202,270~~191.7159 ~~111~~82,~~714~~371.6088 1,~~313~~031,~~985~~563.3147 Servicing Fees 4233,~~642~~787.3618 53,~~226~~941.9709 4737,~~869~~728.3327 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 1915,~~633~~518.4473 21,~~244~~682.4246 2117,~~877~~201.8619 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 1899,~~139,994~~885.9168 ~~104~~76,~~243~~748.2133 1976,~~244,238~~634.1201 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.~~027191~~030044 65.~~000325~~758608 6.~~927860~~910149

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