8-K 1 etr01001.txt NOVEMBER 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): November 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 90-0042439 (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 November 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 November 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: 12/3/02 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 November 25, 2002 distribution.

E*Trade ARM Trust Mortgage Pass-Through Certificates Record Date: 910/3031/02 ~~Distribution Date: 10~~11/25/02 Distribution Date: 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.~~03067~~03215% ~~251~~222,~~301~~506,~~176~~216.9738 1,~~466~~301,~~379~~374.3472 2829,~~794~~797,~~960~~339.5997 A-2 26924UAB7 SEN 6.~~02286~~01987% 2724,~~288~~993,~~831~~158.3180 ~~136~~125,~~409~~135.0340 2,~~295~~510,~~672~~805.5193 R-1 26924UAF8 RES 7.~~03067~~07516% 0.00 0.00 0.00 R-2 26924UAH4 RES 7.~~03067~~07516% 0.00 0.00 0.00 R-3 26924UAM3 RES 7.~~03067~~07516% 0.00 0.00 0.00 A-3 26924UAG6 MEZ 6.~~98292~~98356% 11,~~838~~197,~~174~~663.5104 6865,~~608~~039.3731 ~~640~~705,~~511~~223.4777 B-1 26924UAC5 SUB 6.~~98292~~98356% 65,~~313~~972,~~654~~050.3028 3634,~~590~~687.9042 ~~341~~376,~~604~~117.0203 B-2 26924UAD3 SUB 6.~~98292~~98356% 3,~~946~~732,~~085~~580.8755 2221,~~869~~679.6292 ~~213~~235,~~505~~076.3224 B-3 26924UAE1 SUB 6.~~98292~~98356% 3,~~551~~359,~~394~~243.1989 2019,~~582~~511.1847 ~~192~~211,~~150~~563.2967 B-4 26924UAJ0 SUB 6.~~98292~~98356% 2,~~367~~239,~~651~~548.5233 13,~~721~~007.7795 ~~128~~141,~~103~~045.1974 B-5 26924UAK7 SUB 6.~~98292~~98356% ~~789~~746,~~217~~516.1711 4,~~573~~335.9299 4247,~~701~~015.0625 B-6 26924UAL5 SUB 6.~~98292~~98356% ~~789~~746,~~300~~595.7819 4,~~574~~336.4145 4247,~~705~~020.5923 Totals ~~308~~275,~~185~~493,~~486~~572.6257 1,~~774~~589,~~309~~108.5463 3234,~~691~~071,~~914~~207.0483

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~222~~192,~~506~~708,~~216~~876.3842 3031,~~261~~098,~~339~~714.9369 0.00 A-2 0.00 2422,~~993~~482,~~158~~352.8087 2,~~432~~635,~~081~~941.5433 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 1110,~~197~~492,~~663~~439.0427 ~~709~~770,~~119~~263.8408 0.00 B-1 0.00 5,~~972~~595,~~050~~933.2824 ~~378~~410,~~194~~804.9245 0.00 B-2 0.00 3,~~732~~497,~~580~~504.5531 ~~236~~256,~~374~~756.9416 0.00 B-3 0.00 3,~~359~~147,~~243~~680.8923 ~~212~~231,~~732~~075.4714 0.00 B-4 0.00 2,~~239~~098,~~548~~502.3358 ~~141~~154,~~824~~053.9669 0.00 B-5 0.00 ~~746~~699,~~516~~500.1186 4751,~~274~~351.9824 0.00 B-6 0.00 ~~746~~699,~~595~~574.1996 4751,~~280~~356.0068 0.00 Totals 0.00 ~~275~~241,~~493~~422,~~572~~364.5774 3435,~~466~~660,~~223~~316.5846 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 ~~251~~222,~~301~~506,~~176~~216.9738 ~~230~~205,~~159~~207.5485 2829,~~564~~592,~~801~~132.0511 0.00 0.00 A-2 39,045,700.00 2724,~~288~~993,~~831~~158.3180 2725,~~844~~620.1369 2,~~267~~485,~~828~~185.3724 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 11,~~838~~197,~~174~~663.5104 10,~~900~~382.8441 ~~629~~694,~~610~~841.6336 0.00 0.00 B-1 7,598,300.00 65,~~313~~972,~~654~~050.3028 5,~~813~~537.7525 ~~335~~370,~~790~~579.2778 0.00 0.00 B-2 4,749,000.00 3,~~946~~732,~~085~~580.8755 3,~~633~~460.6483 ~~209~~231,~~871~~615.6841 0.00 0.00 B-3 4,274,000.00 3,~~551~~359,~~394~~243.1989 3,~~270~~114.2067 ~~188~~208,~~880~~448.1099 0.00 0.00 B-4 2,849,400.00 2,~~367~~239,~~651~~548.5233 2,~~180~~076.1850 ~~125~~138,~~923~~969.0125 0.00 0.00 B-5 949,800.00 ~~789~~746,~~217~~516.1711 ~~726~~692.7317 4146,~~974~~323.3408 0.00 0.00 B-6 949,900.71 ~~789~~746,~~300~~595.7819 ~~726~~692.8024 4146,~~978~~327.7899 0.00 0.00 Totals 949,791,400.71 ~~308~~275,~~185~~493,~~486~~572.6257 ~~285~~256,~~255~~784.8161 3233,~~406~~814,~~658~~423.2321 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 2829,~~794~~797,~~960~~339.5997 ~~222~~192,~~506~~708,~~216~~876.3842 0.~~25425555~~22020644 2829,~~794~~797,~~960~~339.5997 A-2 2,~~295~~510,~~672~~805.5193 2422,~~993~~482,~~158~~352.8087 0.~~64010016~~57579587 2,~~295~~510,~~672~~805.5193 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 ~~640~~705,~~511~~223.4777 1110,~~197~~492,~~663~~439.0427 0.~~78597190~~73647174 ~~640~~705,~~511~~223.4777 B-1 ~~341~~376,~~604~~117.0203 5,~~972~~595,~~050~~933.2824 0.~~78597190~~73647174 ~~341~~376,~~604~~117.0203 B-2 ~~213~~235,~~505~~076.3224 3,~~732~~497,~~580~~504.5531 0.~~78597190~~73647174 ~~213~~235,~~505~~076.3224 B-3 ~~192~~211,~~150~~563.2967 3,~~359~~147,~~243~~680.8923 0.~~78597190~~73647174 ~~192~~211,~~150~~563.2967 B-4 ~~128~~141,~~103~~045.1974 2,~~239~~098,~~548~~502.3358 0.~~78597190~~73647174 ~~128~~141,~~103~~045.1974 B-5 4247,~~701~~015.0625 ~~746~~699,~~516~~500.1186 0.~~78597190~~73647174 4247,~~701~~015.0625 B-6 4247,~~705~~020.5923 ~~746~~699,~~595~~574.1996 0.~~78597182~~73647167 4247,~~705~~020.5923 Totals 3234,~~691~~071,~~914~~207.0483 ~~275~~241,~~493~~422,~~572~~364.5774 0.~~29005692~~25418462 3234,~~691~~071,~~914~~207.0483

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 ~~287~~254.~~15925577~~25555212 0.~~26300093~~23448889 3233.~~64070272~~81462330 0.00000000 A-2 39,045,700.00 ~~698~~640.~~89466215~~10015956 0.~~71311643~~65617187 5863.~~08138591~~64811593 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 ~~830~~785.~~92985211~~97189845 0.~~76513768~~72874871 4448.~~19281598~~77140711 0.00000000 B-1 7,598,300.00 ~~830~~785.~~92985273~~97189898 0.~~76513825~~72874854 4448.~~19281550~~77140676 0.00000000 B-2 4,749,000.00 ~~830~~785.~~92985260~~97189935 0.~~76513792~~72874921 4448.~~19281533~~77140661 0.00000000 B-3 4,274,000.00 ~~830~~785.~~92985260~~97189752 0.~~76513804~~72874825 4448.~~19281703~~77140618 0.00000000 B-4 2,849,400.00 ~~830~~785.~~92985190~~97189935 0.~~76513652~~72874991 4448.~~19281603~~77140802 0.00000000 B-5 949,800.00 ~~830~~785.~~92984839~~97189935 0.~~76514003~~72875342 4448.~~19281954~~77140451 0.00000000 B-6 949,900.71 ~~830~~785.~~92977160~~97182015 0.~~76513260~~72874985 4448.~~19280832~~77140264 0.00000000 2) All Senior Classes and Mezzanine Classes are per $1,000 denomination, all Offered 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 3234.~~90370365~~04911220 ~~254~~220.~~25555212~~20643994 0.~~25425555~~22020644 3234.~~90370365~~04911220 A-2 0.00000000 5864.~~79450260~~30428780 ~~640~~575.~~10015956~~79587176 0.~~64010016~~57579587 5864.~~79450260~~30428780 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 4449.~~95795366~~50015582 ~~785~~736.~~97189845~~47174262 0.~~78597190~~73647174 4449.~~95795366~~50015582 B-1 0.00000000 4449.~~95795375~~50015530 ~~785~~736.~~97189898~~47174236 0.~~78597190~~73647174 4449.~~95795375~~50015530 B-2 0.00000000 4449.~~95795325~~50015582 ~~785~~736.~~97189935~~47174352 0.~~78597190~~73647174 4449.~~95795325~~50015582 B-3 0.00000000 4449.~~95795274~~50015676 ~~785~~736.~~97189752~~47174310 0.~~78597190~~73647174 4449.~~95795274~~50015676 B-4 0.00000000 4449.~~95795255~~50015442 ~~785~~736.~~97189935~~47174142 0.~~78597190~~73647174 4449.~~95795255~~50015442 B-5 0.00000000 4449.~~95794904~~50015793 ~~785~~736.~~97189935~~47174142 0.~~78597190~~73647174 4449.~~95794904~~50015793 B-6 0.00000000 4449.~~95795145~~50015249 ~~785~~736.~~97182015~~47166765 0.~~78597182~~73647167 4449.~~95795145~~50015249 (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.~~03067~~03215% ~~251~~222,~~301~~506,~~176~~216.9738 1,~~472~~303,~~345~~915.6900 0.00 0.00 A-2 39,045,700.00 6.~~02286~~01987% 2724,~~288~~993,~~831~~158.3180 ~~136~~125,~~964~~379.0566 0.00 0.00 R-1 50.00 7.~~03067~~07516% 0.00 0.00 0.00 0.00 R-2 50.00 7.~~03067~~07516% 0.00 0.00 0.00 0.00 R-3 50.00 7.~~03067~~07516% 0.00 0.00 0.00 0.00 A-3 14,246,900.00 6.~~98292~~98356% 11,~~838~~197,~~174~~663.5104 6865,~~887~~166.5227 0.00 0.00 B-1 7,598,300.00 6.~~98292~~98356% 65,~~313~~972,~~654~~050.3028 3634,~~739~~755.7813 0.00 0.00 B-2 4,749,000.00 6.~~98292~~98356% 3,~~946~~732,~~085~~580.8755 2221,~~962~~722.6724 0.00 0.00 B-3 4,274,000.00 6.~~98292~~98356% 3,~~551~~359,~~394~~243.1989 2019,~~665~~549.9256 0.00 0.00 B-4 2,849,400.00 6.~~98292~~98356% 2,~~367~~239,~~651~~548.5233 13,~~777~~033.6034 0.00 0.00 B-5 949,800.00 6.~~98292~~98356% ~~789~~746,~~217~~516.1711 4,~~592~~344.5345 0.00 0.00 B-6 949,900.71 6.~~98292~~98356% ~~789~~746,~~300~~595.7819 4,~~593~~344.0291 0.00 0.00 Totals 949,791,400.71 1,~~781~~592,~~528~~210.7856 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 52,~~966~~540.3528 0.00 1,~~466~~301,~~379~~374.3472 0.00 ~~222~~192,~~506~~708,~~216~~876.3842 A-2 ~~555~~244.0226 0.00 ~~136~~125,~~409~~135.0340 0.00 2422,~~993~~482,~~158~~352.8087 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 ~~279~~126.1596 0.00 6865,~~608~~039.3731 0.00 1110,~~197~~492,~~663~~439.0427 B-1 ~~148~~67.8871 0.00 3634,~~590~~687.9042 0.00 5,~~972~~595,~~050~~933.2824 B-2 9342.0532 0.00 2221,~~869~~679.6292 0.00 3,~~732~~497,~~580~~504.5531 B-3 8338.7409 0.00 2019,~~582~~511.1847 0.00 3,~~359~~147,~~243~~680.8923 B-4 5525.8339 0.00 13,~~721~~007.7795 0.00 2,~~239~~098,~~548~~502.3358 B-5 188.6146 0.00 4,~~573~~335.9299 0.00 ~~746~~699,~~516~~500.1186 B-6 188.6146 0.00 4,~~574~~336.4145 0.00 ~~746~~699,~~595~~574.1996 Totals 73,~~219~~101.2493 0.00 1,~~774~~589,~~309~~108.5463 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.~~03067~~03215% ~~287~~254.~~15925577~~25555212 1.~~68243419~~48997018 0.00000000 0.00000000 A-2 39,045,700.00 6.~~02286~~01987% ~~698~~640.~~89466215~~10015956 3.~~50778831~~21110033 0.00000000 0.00000000 R-1 50.00 7.~~03067~~07516% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.~~03067~~07516% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 7.~~03067~~07516% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 6.~~98292~~98356% ~~830~~785.~~92985211~~97189845 4.~~83526381~~57406664 0.00000000 0.00000000 B-1 7,598,300.00 6.~~98292~~98356% ~~830~~785.~~92985273~~97189898 4.~~83526315~~57406657 0.00000000 0.00000000 B-2 4,749,000.00 6.~~98292~~98356% ~~830~~785.~~92985260~~97189935 4.~~83526427~~57406612 0.00000000 0.00000000 B-3 4,274,000.00 6.~~98292~~98356% ~~830~~785.~~92985260~~97189752 4.~~83526439~~57406645 0.00000000 0.00000000 B-4 2,849,400.00 6.~~98292~~98356% ~~830~~785.~~92985190~~97189935 4.~~83526356~~57406472 0.00000000 0.00000000 B-5 949,800.00 6.~~98292~~98356% ~~830~~785.~~92984839~~97189935 4.~~83526005~~57406822 0.00000000 0.00000000 B-6 949,900.71 6.~~98292~~98356% ~~830~~785.~~92977160~~97182015 4.~~83526326~~57406754 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.~~00681769~~00290275 0.00000000 1.~~67561651~~48706743 0.00000000 ~~254~~220.~~25555212~~20643994 A-2 0.~~01421463~~00625575 0.00000000 3.~~49357368~~20484458 0.00000000 ~~640~~575.~~10015956~~79587176 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.~~01959374~~00891141 0.00000000 4.~~81567008~~56515523 0.00000000 ~~785~~736.~~97189845~~47174262 B-1 0.~~01959386~~00891120 0.00000000 4.~~81566929~~56515536 0.00000000 ~~785~~736.~~97189898~~47174236 B-2 0.~~01959360~~00891135 0.00000000 4.~~81567067~~56515477 0.00000000 ~~785~~736.~~97189935~~47174352 B-3 0.~~01959289~~00891203 0.00000000 4.~~81567150~~56515442 0.00000000 ~~785~~736.~~97189752~~47174310 B-4 0.~~01959360~~00891065 0.00000000 4.~~81566997~~56515407 0.00000000 ~~785~~736.~~97189935~~47174142 B-5 0.~~01959360~~00890714 0.00000000 4.~~81566646~~56516109 0.00000000 ~~785~~736.~~97189935~~47174142 B-6 0.~~01959152~~00890619 0.00000000 4.~~81567173~~56516134 0.00000000 ~~785~~736.~~97182015~~47166765 (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 3435,~~534~~717,~~712~~976.5977 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1221,~~806~~396.1805 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3435,~~547~~739,~~518~~372.7782 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 8179,~~295~~056.1936 Payment of Interest and Principal 3435,~~466~~660,~~223~~316.5846 Total Withdrawals (Pool Distribution Amount) 3435,~~547~~739,~~518~~372.7782 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 2513,~~728~~353.4789 Servicing Fee Support 1810,~~509~~251.2396 Non-Supported Prepayment/Curtailment Interest Shortfall 73,~~219~~101.2493

SERVICING FEES Gross Servicing Fee 6861,~~712~~504.0019 Special Servicing Fee 0.00 Supplemental PMI Insurance Fee 3127,~~092~~804.4213 Supported Prepayment/Curtailment Interest Shortfall 1810,~~509~~251.2396 Net Servicing Fee 8179,~~295~~056.1936

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 13 0 0 0 13 ~~413~~1,~~808~~185,341.2287 0.00 0.00 0.00 ~~413~~1,~~808~~185,341.2287 60 Days 1 0 0 0 1 ~~291~~413,~~298~~808.5122 0.00 0.00 0.00 ~~291~~413,~~298~~808.5122 90 Days 01 0 0 0 01 0291,298.0051 0.00 0.00 0.00 0291,298.0051 120 Days 0 0 10 0 10 0.00 0.00 ~~273,211~~0.1000 0.00 ~~273,211~~0.1000 150 Days 0 0 01 0 01 0.00 0.00 0273,211.0010 0.00 0273,211.0010 180+ Days 0 1 1 0 1 2 0.00 486,879.14 0.00 273,250.65 ~~0.00~~ 760,129.79 Totals 25 1 21 01 58 ~~705~~1,~~106~~890,448.7360 486,879.14 ~~546~~273,~~461~~211.7510 0273,250.0065 12,~~738~~923,~~447~~789.6249 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.~~143678~~490998% 0.000000% 0.000000% 0.000000% 0.~~143678~~490998% 0.~~150089~~490588% 0.000000% 0.000000% 0.000000% 0.~~150089~~490588% 60 Days 0.~~143678~~163666% 0.000000% 0.000000% 0.000000% 0.~~143678~~163666% 0.~~105654~~171266% 0.000000% 0.000000% 0.000000% 0.~~105654~~171266% 90 Days 0.~~000000~~163666% 0.000000% 0.000000% 0.000000% 0.~~000000~~163666% 0.~~000000~~120562% 0.000000% 0.000000% 0.000000% 0.~~000000~~120562% 120 Days 0.000000% 0.000000% 0.~~143678~~000000% 0.000000% 0.~~143678~~000000% 0.000000% 0.000000% 0.~~099094~~000000% 0.000000% 0.~~099094~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~163666% 0.000000% 0.~~000000~~163666% 0.000000% 0.000000% 0.~~000000~~113076% 0.000000% 0.~~000000~~113076% 180+ Days 0.000000% 0.~~143678~~163666% 0.~~143678~~000000% 0.~~000000~~163666% 0.~~287356~~327332% 0.000000% 0.~~176592~~201509% 0.~~099108~~000000% 0.~~000000~~113093% 0.~~275700~~314601% Totals 0.~~287356~~818331% 0.~~143678~~163666% 0.~~287356~~163666% 0.~~000000~~163666% 01.~~718391~~309329% 0.~~255743~~782416% 0.~~176592~~201509% 0.~~198203~~113076% 0.~~000000~~113093% 01.~~630538~~210094%

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 13 0 0 0 13 ~~413~~1,~~808~~185,341.2287 0.00 0.00 0.00 ~~413~~1,~~808~~185,341.2287 60 Days 1 0 0 0 1 ~~291~~413,~~298~~808.5122 0.00 0.00 0.00 ~~291~~413,~~298~~808.5122 90 Days 01 0 0 0 01 0291,298.0051 0.00 0.00 0.00 0291,298.0051 120 Days 0 0 10 0 10 0.00 0.00 ~~273,211~~0.1000 0.00 ~~273,211~~0.1000 150 Days 0 0 01 0 01 0.00 0.00 0273,211.0010 0.00 0273,211.0010 180 Days 0 1 1 0 1 2 0.00 486,879.14 0.00 273,250.65 ~~0.00~~ 760,129.79 Totals 25 1 21 01 58 ~~705~~1,~~106~~890,448.7360 486,879.14 ~~546~~273,~~461~~211.7510 0273,250.0065 12,~~738~~923,~~447~~789.6249 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~158479~~544465% 0.000000% 0.000000% 0.000000% 0.~~158479~~544465% 0.~~165954~~544137% 0.000000% 0.000000% 0.000000% 0.~~165954~~544137% 60 Days 0.~~158479~~181488% 0.000000% 0.000000% 0.000000% 0.~~158479~~181488% 0.~~116822~~189961% 0.000000% 0.000000% 0.000000% 0.~~116822~~189961% 90 Days 0.~~000000~~181488% 0.000000% 0.000000% 0.000000% 0.~~000000~~181488% 0.~~000000~~133722% 0.000000% 0.000000% 0.000000% 0.~~000000~~133722% 120 Days 0.000000% 0.000000% 0.~~158479~~000000% 0.000000% 0.~~158479~~000000% 0.000000% 0.000000% 0.~~109569~~000000% 0.000000% 0.~~109569~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~181488% 0.000000% 0.~~000000~~181488% 0.000000% 0.000000% 0.~~000000~~125419% 0.000000% 0.~~000000~~125419% 180 Days 0.000000% 0.~~158479~~181488% 0.~~158479~~000000% 0.~~000000~~181488% 0.~~316957~~362976% 0.000000% 0.~~195258~~223504% 0.~~109585~~000000% 0.~~000000~~125437% 0.~~304843~~348941% Totals 0.~~316957~~907441% 0.~~158479~~181488% 0.~~316957~~181488% 0.~~000000~~181488% 01.~~792393~~451906% 0.~~282776~~867820% 0.~~195258~~223504% 0.~~219153~~125419% 0.~~000000~~125437% 01.~~697188~~342180% 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 1221,~~806~~396.1805

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 21,370,550.71 2.25002571% 1615,~~796~~738,~~534~~696.3518 6.~~09688792~~51915418% 93.~~903112~~480846% 94.~~956373~~651900% Class R-I 21,370,500.71 2.25002045% 1615,~~796~~738,~~534~~696.3518 6.~~09688792~~51915418% 0.000000% 0.000000% Class R-II 21,370,450.71 2.25001518% 1615,~~796~~738,~~534~~696.3518 6.~~09688792~~51915418% 0.000000% 0.000000% Class R-III 21,370,400.71 2.25000992% 1615,~~796~~738,~~534~~696.3518 6.~~09688792~~51915418% 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.~~325458~~324391% Weighted Average Net Coupon 7.~~057910~~056490% Weighted Average Pass-Through Rate 6.~~936844~~935380% Weighted Average Maturity(Stepdown Calculation ) ~~336~~335 Beginning Scheduled Collateral Loan Count ~~776~~696 Number Of Loans Paid In Full 8085 Ending Scheduled Collateral Loan Count ~~696~~611 Beginning Scheduled Collateral Balance ~~308~~275,~~185~~493,~~486~~572.6156 Ending Scheduled Collateral Balance ~~275~~241,~~493~~422,~~572~~364.5673 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2002 ~~275~~241,~~708~~616,~~800~~743.0948 Monthly P &I Constant 21,~~166~~938,~~587~~103.8537 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3233,~~699~~737,~~942~~440.8356 Ending Scheduled Balance for Premium Loans ~~275~~241,~~493~~422,~~572~~364.5673 Scheduled Principal ~~285~~256,~~255~~784.8161 Unscheduled Principal 3233,~~406~~814,~~658~~423.2422

Miscellaneous Reporting Senior Percentage Group I 89.~~912745~~303801% Senior Prep. Percentage Group I 94.~~956373~~651900% Subordinate Percentage Group I 10.~~087255~~696199% Subordinate Prep. Percentage Group I 5.~~043627~~348100% Senior Percentage Group II 9594.~~112903~~897224% Senior Prep. Percentage Group II 97.~~556452~~448612% Subordinate Percentage Group II 45.~~887097~~102776% Subordinate Prep. Percentage Group II 2.~~443548~~551388% 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.~~416361~~418105 6.~~439926~~437830 7.~~325458~~324391 Weighted Average Net Rate 7.~~151506~~153181 6.~~146142~~141763 7.~~057910~~056490 Weighted Average Maturity ~~336~~335 ~~343~~342 ~~336~~335 Beginning Loan Count ~~706~~631 7065 ~~776~~696 Loans Paid In Full 7580 5 8085 Ending Loan Count ~~631~~551 6560 ~~696~~611 Beginning Scheduled Balance ~~279~~249,~~494~~156,~~498~~491.9661 2826,~~690~~337,~~987~~080.6595 ~~308~~275,~~185~~493,~~486~~572.6156 Ending scheduled Balance ~~249~~217,~~156~~662,~~491~~534.6120 2623,~~337~~759,~~080~~830.9553 ~~275~~241,~~493~~422,~~572~~364.5673 Record Date 0910/3031/2002 0910/3031/2002 0910/3031/2002 Principal And Interest Constant 1,~~983~~770,~~339~~010.8348 ~~183~~168,~~248~~092.0289 21,~~166~~938,~~587~~103.8537 Scheduled Principal ~~255~~229,~~980~~786.9925 2926,~~274~~998.8236 ~~285~~256,~~255~~784.8161 Unscheduled Principal 3031,~~082~~264,~~026~~171.3616 2,~~324~~550,~~631~~252.8806 3233,~~406~~814,~~658~~423.2422 Scheduled Interest 1,~~727~~540,~~360~~224.0023 ~~153~~141,~~973~~294.2071 1,~~881~~681,~~333~~518.2094 Servicing Fees 6155,~~687~~006.8724 76,~~024~~497.1395 6861,~~712~~504.0019 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 2825,~~144~~128.90 2,~~947~~675.5223 3127,~~092~~804.4213 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,~~637~~460,~~527~~089.2309 ~~144~~132,~~001~~121.5553 1,~~781~~592,~~528~~210.7862 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.~~030667~~032154 6.~~022862~~019871 6.~~936844~~935380

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