8-K 1 etr01001.txt DECEMBER 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): December 26, 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 December 26, 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 December 26, 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: 1/7/03 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 December 26, 2002 distribution. EX-99.1

E*Trade ARM Trust Mortgage Pass-Through Certificates Record Date: ~~10/31/02~~ 11/2530/02 Distribution Date: 12/26/02 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.~~03215~~04466% ~~222~~192,~~506~~708,~~216~~876.3842 1,~~301~~105,~~374~~311.7205 2921,~~797~~661,~~339~~742.9746 A-2 26924UAB7 SEN 6.~~01987~~02146% 2422,~~993~~482,~~158~~352.8087 ~~125~~110,~~135~~221.4053 2,~~510~~833,~~805~~367.9370 R-1 26924UAF8 RES 7.~~07516~~07535% 0.00 0.00 0.00 R-2 26924UAH4 RES 7.~~07516~~07535% 0.00 0.00 0.00 R-3 26924UAM3 RES 7.~~07516~~07535% 0.00 0.00 0.00 A-3 26924UAG6 MEZ 6.~~98356~~99483% 1110,~~197~~492,~~663~~439.0427 6559,~~039~~755.3129 ~~705~~563,~~223~~291.7706 B-1 26924UAC5 SUB 6.~~98356~~99483% 5,~~972~~595,~~050~~933.2824 3431,~~687~~869.4229 ~~376~~300,~~117~~420.0305 B-2 26924UAD3 SUB 6.~~98356~~99483% 3,~~732~~497,~~580~~504.5531 2119,~~679~~918.9257 ~~235~~187,~~076~~765.2400 B-3 26924UAE1 SUB 6.~~98356~~99483% 3,~~359~~147,~~243~~680.8923 1917,~~511~~926.4729 ~~211~~168,~~563~~984.6755 B-4 26924UAJ0 SUB 6.~~98356~~99483% 2,~~239~~098,~~548~~502.3358 1311,~~007~~951.9514 ~~141~~112,~~045~~659.7400 B-5 26924UAK7 SUB 6.~~98356~~99483% ~~746~~699,~~516~~500.1186 43,~~335~~983.9972 4737,~~015~~553.2500 B-6 26924UAL5 SUB 6.~~98356~~99483% ~~746~~699,~~595~~574.1996 43,~~336~~984.4514 4737,~~020~~556.2398 Totals ~~275~~241,~~493~~422,~~572~~364.5774 1,~~589~~364,~~108~~921.6302 3425,~~071~~903,~~207~~339.8380

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~192~~171,~~708~~047,~~876~~133.4295 3122,~~098~~767,~~714~~053.6951 0.00 A-2 0.00 2219,~~482~~648,~~352~~985.8717 2,~~635~~943,~~941~~589.3323 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 0.00 109,~~492~~929,~~439~~148.2721 ~~770~~623,~~263~~046.0835 0.00 B-1 0.00 5,~~595~~295,~~933~~513.2419 ~~410~~332,~~804~~289.4534 0.00 B-2 0.00 3,~~497~~309,~~504~~739.3130 ~~256~~207,~~756~~683.1657 0.00 B-3 0.00 32,~~147~~978,~~680~~695.2368 ~~231~~186,~~075~~910.1484 0.00 B-4 0.00 21,~~098~~985,~~502~~843.58 ~~154~~124,~~053~~610.6914 0.00 B-5 0.00 ~~699~~661,~~500~~947.86 5141,~~351~~536.2472 0.00 B-6 0.00 ~~699~~662,~~574~~017.9698 5141,~~356~~541.6812 0.00 Totals 0.00 ~~241~~215,~~422~~519,~~364~~024.7492 3527,~~660~~268,~~316~~260.4682 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 ~~222~~192,~~506~~708,~~216~~876.3842 ~~205~~175,~~207~~930.8555 2921,~~592~~485,~~132~~811.1191 0.00 0.00 A-2 39,045,700.00 2422,~~993~~482,~~158~~352.8087 2523,~~620~~157.6970 2,~~485~~810,~~185~~210.2400 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 1110,~~197~~492,~~663~~439.0427 109,~~382~~638.4175 ~~694~~553,~~841~~652.3631 0.00 0.00 B-1 7,598,300.00 5,~~972~~595,~~050~~933.2824 5,~~537~~140.2563 ~~370~~295,~~579~~279.7842 0.00 0.00 B-2 4,749,000.00 3,~~732~~497,~~580~~504.5531 3,~~460~~212.8394 ~~231~~184,~~615~~552.4106 0.00 0.00 B-3 4,274,000.00 3,~~359~~147,~~243~~680.8923 32,~~114~~891.6758 ~~208~~166,~~448~~092.9997 0.00 0.00 B-4 2,849,400.00 2,~~239~~098,~~548~~502.3358 21,~~076~~927.5076 ~~138~~110,~~969~~731.2524 0.00 0.00 B-5 949,800.00 ~~746~~699,~~516~~500.1186 ~~692~~642.1759 4636,~~323~~910.0841 0.00 0.00 B-6 949,900.71 ~~746~~699,~~595~~574.1996 ~~692~~642.2466 4636,~~327~~914.9932 0.00 0.00 Totals 949,791,400.71 ~~275~~241,~~493~~422,~~572~~364.5774 ~~256~~223,~~784~~185.6116 3325,~~814~~680,~~423~~154.2164 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 2921,~~797~~661,~~339~~742.9746 ~~192~~171,~~708~~047,~~876~~133.4295 0.~~22020644~~19545379 2921,~~797~~661,~~339~~742.9746 A-2 2,~~510~~833,~~805~~367.9370 2219,~~482~~648,~~352~~985.8717 0.~~57579587~~50323045 2,~~510~~833,~~805~~367.9370 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 ~~705~~563,~~223~~291.7706 109,~~492~~929,~~439~~148.2721 0.~~73647174~~69693394 ~~705~~563,~~223~~291.7706 B-1 ~~376~~300,~~117~~420.0305 5,~~595~~295,~~933~~513.2419 0.~~73647174~~69693394 ~~376~~300,~~117~~420.0305 B-2 ~~235~~187,~~076~~765.2400 3,~~497~~309,~~504~~739.3130 0.~~73647174~~69693394 ~~235~~187,~~076~~765.2400 B-3 ~~211~~168,~~563~~984.6755 32,~~147~~978,~~680~~695.2368 0.~~73647174~~69693394 ~~211~~168,~~563~~984.6755 B-4 ~~141~~112,~~045~~659.7400 21,~~098~~985,~~502~~843.58 0.~~73647174~~69693394 ~~141~~112,~~045~~659.7400 B-5 4737,~~015~~553.2500 ~~699~~661,~~500~~947.86 0.~~73647174~~69693394 4737,~~015~~553.2500 B-6 4737,~~020~~556.2398 ~~699~~662,~~574~~017.9698 0.~~73647167~~69693387 4737,~~020~~556.2398 Totals 3425,~~071~~903,~~207~~339.8380 ~~241~~215,~~422~~519,~~364~~024.7492 0.~~25418462~~22691196 3425,~~071~~903,~~207~~339.8380

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 ~~254~~220.~~25555212~~20643994 0.~~23448889~~20103402 3324.~~81462330~~55161505 0.00000000 A-2 39,045,700.00 ~~640~~575.~~10015956~~79587176 0.~~65617187~~59309220 6371.~~64811593~~97232986 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 ~~785~~736.~~97189845~~47174262 0.~~72874871~~67655069 4838.~~77140711~~86124771 0.00000000 B-1 7,598,300.00 ~~785~~736.~~97189898~~47174236 0.~~72874854~~67655002 4838.~~77140676~~86124791 0.00000000 B-2 4,749,000.00 ~~785~~736.~~97189935~~47174352 0.~~72874921~~67655085 4838.~~77140661~~86124658 0.00000000 B-3 4,274,000.00 ~~785~~736.~~97189752~~47174310 0.~~72874825~~67655124 4838.~~77140618~~86124708 0.00000000 B-4 2,849,400.00 ~~785~~736.~~97189935~~47174142 0.~~72874991~~67654945 4838.~~77140802~~86124798 0.00000000 B-5 949,800.00 ~~785~~736.~~97189935~~47174142 0.~~72875342~~67655296 4838.~~77140451~~86124447 0.00000000 B-6 949,900.71 ~~785~~736.~~97182015~~47166765 0.~~72874985~~67655492 4838.~~77140264~~86124056 0.00000000 2) All Senior Classes and Mezzanine Classes are per $1,000 denomination, all Offered ~~Subordinate Classes are $25,000 denomination.~~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 3424.~~04911220~~75264907 ~~220~~195.~~20643994~~45379086 0.~~22020644~~19545379 3424.~~04911220~~75264907 A-2 0.00000000 6472.~~30428780~~56542206 ~~575~~503.~~79587176~~23044970 0.~~57579587~~50323045 6472.~~30428780~~56542206 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 4939.~~50015582~~53779840 ~~736~~696.~~47174262~~93394423 0.~~73647174~~69693394 4939.~~50015582~~53779840 B-1 0.00000000 4939.~~50015530~~53779793 ~~736~~696.~~47174236~~93394443 0.~~73647174~~69693394 4939.~~50015530~~53779793 B-2 0.00000000 4939.~~50015582~~53779743 ~~736~~696.~~47174352~~93394399 0.~~73647174~~69693394 4939.~~50015582~~53779743 B-3 0.00000000 4939.~~50015676~~53779832 ~~736~~696.~~47174310~~93394478 0.~~73647174~~69693394 4939.~~50015676~~53779832 B-4 0.00000000 4939.~~50015442~~53779743 ~~736~~696.~~47174142~~93394399 0.~~73647174~~69693394 4939.~~50015442~~53779743 B-5 0.00000000 4939.~~50015793~~53779743 ~~736~~696.~~47174142~~93394399 0.~~73647174~~69693394 4939.~~50015793~~53779743 B-6 0.00000000 4939.~~50015249~~53779548 ~~736~~696.~~47166765~~93387217 0.~~73647167~~69693387 4939.~~50015249~~53779548 (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.~~03215~~04466% ~~222~~192,~~506~~708,~~216~~876.3842 1,~~303~~131,~~915~~307.0004 0.00 0.00 A-2 39,045,700.00 6.~~01987~~02146% 2422,~~993~~482,~~158~~352.8087 ~~125~~112,~~379~~813.6685 0.00 0.00 R-1 50.00 7.~~07516~~07535% 0.00 0.00 0.00 0.00 R-2 50.00 7.~~07516~~07535% 0.00 0.00 0.00 0.00 R-3 50.00 7.~~07516~~07535% 0.00 0.00 0.00 0.00 A-3 14,246,900.00 6.~~98356~~99483% 1110,~~197~~492,~~663~~439.0427 6561,~~166~~160.2768 0.00 0.00 B-1 7,598,300.00 6.~~98356~~99483% 5,~~972~~595,~~050~~933.2824 3432,~~755~~618.1383 0.00 0.00 B-2 4,749,000.00 6.~~98356~~99483% 3,~~732~~497,~~580~~504.5531 2120,~~722~~387.2404 0.00 0.00 B-3 4,274,000.00 6.~~98356~~99483% 3,~~359~~147,~~243~~680.8923 1918,~~549~~347.5690 0.00 0.00 B-4 2,849,400.00 6.~~98356~~99483% 2,~~239~~098,~~548~~502.3358 1312,~~033~~232.3422 0.00 0.00 B-5 949,800.00 6.~~98356~~99483% ~~746~~699,~~516~~500.1186 4,~~344~~077.4541 0.00 0.00 B-6 949,900.71 6.~~98356~~99483% ~~746~~699,~~595~~574.1996 4,~~344~~077.9184 0.00 0.00 Totals 949,791,400.71 1,~~592~~397,~~210~~022.5681 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-1 225,~~540~~995.2899 0.00 1,~~301~~105,~~374~~311.7205 0.00 ~~192~~171,~~708~~047,~~876~~133.4295 A-2 ~~244~~2,592.2632 0.00 ~~125~~110,~~135~~221.4053 0.00 2219,~~482~~648,~~352~~985.8717 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 ~~126~~1,405.9639 0.00 6559,~~039~~755.3129 0.00 109,~~492~~929,~~439~~148.2721 B-1 67749.7154 0.00 3431,~~687~~869.4229 0.00 5,~~595~~295,~~933~~513.2419 B-2 42468.3247 0.00 2119,~~679~~918.9257 0.00 3,~~497~~309,~~504~~739.3130 B-3 38421.0961 0.00 1917,~~511~~926.4729 0.00 32,~~147~~978,~~680~~695.2368 B-4 25281.3908 0.00 1311,~~007~~951.9514 0.00 21,~~098~~985,~~502~~843.58 B-5 893.4669 0.00 43,~~335~~983.9972 0.00 ~~699~~661,~~500~~947.86 B-6 893.4670 0.00 43,~~336~~984.4514 0.00 ~~699~~662,~~574~~017.9698 Totals 332,101.9379 0.00 1,~~589~~364,~~108~~921.6302 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.~~03215~~04466% ~~254~~220.~~25555212~~20643994 1.~~48997018~~29273285 0.00000000 0.00000000 A-2 39,045,700.00 6.~~01987~~02146% ~~640~~575.~~10015956~~79587176 32.~~21110033~~88927718 0.00000000 0.00000000 R-1 50.00 7.~~07516~~07535% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.~~07516~~07535% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 7.~~07516~~07535% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 6.~~98356~~99483% ~~785~~736.~~97189845~~47174262 4.~~57406664~~29291144 0.00000000 0.00000000 B-1 7,598,300.00 6.~~98356~~99483% ~~785~~736.~~97189898~~47174236 4.~~57406657~~29291157 0.00000000 0.00000000 B-2 4,749,000.00 6.~~98356~~99483% ~~785~~736.~~97189935~~47174352 4.~~57406612~~29291219 0.00000000 0.00000000 B-3 4,274,000.00 6.~~98356~~99483% ~~785~~736.~~97189752~~47174310 4.~~57406645~~29291062 0.00000000 0.00000000 B-4 2,849,400.00 6.~~98356~~99483% ~~785~~736.~~97189935~~47174142 4.~~57406472~~29291079 0.00000000 0.00000000 B-5 949,800.00 6.~~98356~~99483% ~~785~~736.~~97189935~~47174142 4.~~57406822~~29291430 0.00000000 0.00000000 B-6 949,900.71 6.~~98356~~99483% ~~785~~736.~~97182015~~47166765 4.~~57406754~~29291183 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.~~00290275~~02970535 0.00000000 1.~~48706743~~26302750 0.00000000 ~~220~~195.~~20643994~~45379086 A-2 0.~~00625575~~06639195 0.00000000 32.~~20484458~~82288523 0.00000000 ~~575~~503.~~79587176~~23044970 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.~~00891141~~09864532 0.00000000 4.~~56515523~~19426612 0.00000000 ~~736~~696.~~47174262~~93394423 B-1 0.~~00891120~~09864575 0.00000000 4.~~56515536~~19426582 0.00000000 ~~736~~696.~~47174236~~93394443 B-2 0.~~00891135~~09864603 0.00000000 4.~~56515477~~19426616 0.00000000 ~~736~~696.~~47174352~~93394399 B-3 0.~~00891203~~09864530 0.00000000 4.~~56515442~~19426533 0.00000000 ~~736~~696.~~47174310~~93394478 B-4 0.~~00891065~~09864533 0.00000000 4.~~56515407~~19426546 0.00000000 ~~736~~696.~~47174142~~93394399 B-5 0.~~00890714~~09864182 0.00000000 4.~~56516109~~19427248 0.00000000 ~~736~~696.~~47174142~~93394399 B-6 0.~~00890619~~09864189 0.00000000 4.~~56516134~~19426995 0.00000000 ~~736~~696.~~47166765~~93387217 (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 3527,~~717~~327,~~976~~921.7746 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2118,~~396~~237.0525 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 3527,~~739~~346,~~372~~158.8271 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7977,~~056~~897.3689 Payment of Interest and Principal 3527,~~660~~268,~~316~~260.4682 Total Withdrawals (Pool Distribution Amount) 3527,~~739~~346,~~372~~158.8271 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1332,~~353~~101.8980 Servicing Fee Support ~~10,251~~0.9600 Non-Supported Prepayment/Curtailment Interest Shortfall 332,101.9380

SERVICING FEES Gross Servicing Fee 6153,~~504~~646.1904 Special Servicing Fee 0.00 Supplemental PMI Insurance Fee 2724,~~804~~251.1385 Supported Prepayment/Curtailment Interest Shortfall ~~10,251~~0.9600 Net Servicing Fee 7977,~~056~~897.3689

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 32 0 0 0 32 1761,~~185,341~~871.8723 0.00 0.00 0.00 1761,~~185,341~~871.8723 60 Days 10 0 0 0 10 ~~413,808~~0.2200 0.00 0.00 0.00 ~~413,808~~0.2200 90 Days 1 0 0 1 0 1 ~~291,298.51~~ 0.00 0.00 413,808.22 0.00 ~~291~~413,~~298~~808.5122 120 Days 01 0 0 0 01 0291,298.0051 0.00 0.00 0.00 0291,298.0051 150 Days 0 0 10 0 10 0.00 0.00 ~~273,211~~0.1000 0.00 ~~273,211~~0.1000 180+ Days 0 1 01 1 23 0.00 486,879.14 0273,211.0010 273,250.65 ~~760~~1,~~129~~033,340.7989 Totals 53 1 12 1 87 1,~~890~~053,~~448~~169.6074 486,879.14 ~~273~~687,~~211~~019.1032 273,250.65 2,~~923~~500,~~789~~318.4985 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.~~490998~~367647% 0.000000% 0.000000% 0.000000% 0.~~490998~~367647% 0.~~490588~~353206% 0.000000% 0.000000% 0.000000% 0.~~490588~~353206% 60 Days 0.~~163666~~000000% 0.000000% 0.000000% 0.000000% 0.~~163666~~000000% 0.~~171266~~000000% 0.000000% 0.000000% 0.000000% 0.~~171266~~000000% 90 Days 0.~~163666~~000000% 0.000000% 0.~~000000~~183824% 0.000000% 0.~~163666~~183824% 0.~~120562~~000000% 0.000000% 0.~~000000~~191843% 0.000000% 0.~~120562~~191843% 120 Days 0.~~000000~~183824% 0.000000% 0.000000% 0.000000% 0.~~000000~~183824% 0.~~000000~~135047% 0.000000% 0.000000% 0.000000% 0.~~000000~~135047% 150 Days 0.000000% 0.000000% 0.~~163666~~000000% 0.000000% 0.~~163666~~000000% 0.000000% 0.000000% 0.~~113076~~000000% 0.000000% 0.~~113076~~000000% 180+ Days 0.000000% 0.~~163666~~183824% 0.~~000000~~183824% 0.~~163666~~183824% 0.~~327332~~551471% 0.000000% 0.~~201509~~225719% 0.~~000000~~126661% 0.~~113093~~126680% 0.~~314601~~479060% Totals 0.~~818331~~551471% 0.~~163666~~183824% 0.~~163666~~367647% 0.~~163666~~183824% 1.~~309329~~286765% 0.~~782416~~488253% 0.~~201509~~225719% 0.~~113076~~318504% 0.~~113093~~126680% 1.~~210094~~159155%

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 32 0 0 0 32 1761,~~185,341~~871.8723 0.00 0.00 0.00 1761,~~185,341~~871.8723 60 Days 10 0 0 0 10 ~~413,808~~0.2200 0.00 0.00 0.00 ~~413,808~~0.2200 90 Days 1 0 0 1 0 1 ~~291,298.51~~ 0.00 0.00 413,808.22 0.00 ~~291~~413,~~298~~808.5122 120 Days 01 0 0 0 01 0291,298.0051 0.00 0.00 0.00 0291,298.0051 150 Days 0 0 10 0 10 0.00 0.00 ~~273,211~~0.1000 0.00 ~~273,211~~0.1000 180 Days 0 1 01 1 23 0.00 486,879.14 0273,211.0010 273,250.65 ~~760~~1,~~129~~033,340.7989 Totals 53 1 12 1 87 1,~~890~~053,~~448~~169.6074 486,879.14 ~~273~~687,~~211~~019.1032 273,250.65 2,~~923~~500,~~789~~318.4985 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~544465~~407332% 0.000000% 0.000000% 0.000000% 0.~~544465~~407332% 0.~~544137~~391027% 0.000000% 0.000000% 0.000000% 0.~~544137~~391027% 60 Days 0.~~181488~~000000% 0.000000% 0.000000% 0.000000% 0.~~181488~~000000% 0.~~189961~~000000% 0.000000% 0.000000% 0.000000% 0.~~189961~~000000% 90 Days 0.~~181488~~000000% 0.000000% 0.~~000000~~203666% 0.000000% 0.~~181488~~203666% 0.~~133722~~000000% 0.000000% 0.~~000000~~212385% 0.000000% 0.~~133722~~212385% 120 Days 0.~~000000~~203666% 0.000000% 0.000000% 0.000000% 0.~~000000~~203666% 0.~~000000~~149508% 0.000000% 0.000000% 0.000000% 0.~~000000~~149508% 150 Days 0.000000% 0.000000% 0.~~181488~~000000% 0.000000% 0.~~181488~~000000% 0.000000% 0.000000% 0.~~125419~~000000% 0.000000% 0.~~125419~~000000% 180 Days 0.000000% 0.~~181488~~203666% 0.~~000000~~203666% 0.~~181488~~203666% 0.~~362976~~610998% 0.000000% 0.~~223504~~249889% 0.~~000000~~140225% 0.~~125437~~140245% 0.~~348941~~530358% Totals 0.~~907441~~610998% 0.~~181488~~203666% 0.~~181488~~407332% 0.~~181488~~203666% 1.~~451906~~425662% 0.~~867820~~540535% 0.~~223504~~249889% 0.~~125419~~352610% 0.~~125437~~140245% 1.~~342180~~283279% 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 2118,~~396~~237.0525

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 21,370,550.71 2.25002571% 1514,~~738~~893,~~696~~757.1859 6.~~51915418~~91064633% 93.~~480846~~089354% 94.~~651900~~267811% Class R-I 21,370,500.71 2.25002045% 1514,~~738~~893,~~696~~757.1859 6.~~51915418~~91064633% 0.000000% 0.000000% Class R-II 21,370,450.71 2.25001518% 1514,~~738~~893,~~696~~757.1859 6.~~51915418~~91064633% 0.000000% 0.000000% Class R-III 21,370,400.71 2.25000992% 1514,~~738~~893,~~696~~757.1859 6.~~51915418~~91064633% 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.~~324391~~331155% Weighted Average Net Coupon 7.~~056490~~064506% Weighted Average Pass-Through Rate 6.~~935380~~943961% Weighted Average Maturity(Stepdown Calculation ) ~~335~~334 Beginning Scheduled Collateral Loan Count ~~696~~611 Number Of Loans Paid In Full 8567 Ending Scheduled Collateral Loan Count ~~611~~544 Beginning Scheduled Collateral Balance ~~275~~241,~~493~~422,~~572~~364.5673 Ending Scheduled Collateral Balance ~~241~~215,~~422~~519,~~364~~024.7393 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~241~~215,~~616~~701,~~743~~800.4877 Monthly P &I Constant 1,~~938~~696,~~103~~446.3714 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3325,~~737~~739,~~440~~231.5605 Ending Scheduled Balance for Premium Loans ~~241~~215,~~422~~519,~~364~~024.7393 Scheduled Principal ~~256~~223,~~784~~185.6115 Unscheduled Principal 3325,~~814~~680,~~423~~154.2265

Miscellaneous Reporting Senior Percentage Group I 8988.~~303801~~535621% Senior Prep. Percentage Group I 94.~~651900~~267811% Subordinate Percentage Group I 1011.~~696199~~464379% Subordinate Prep. Percentage Group I 5.~~348100~~732189% Senior Percentage Group II 94.~~897224~~623372% Senior Prep. Percentage Group II 97.~~448612~~311686% Subordinate Percentage Group II 5.~~102776~~376628% Subordinate Prep. Percentage Group II 2.~~551388~~688314% 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.~~418105~~427812 6.~~437830~~445685 7.~~324391~~331155 Weighted Average Net Rate 7.~~153181~~164632 6.~~141763~~147251 7.~~056490~~064506 Weighted Average Maturity ~~335~~334 ~~342~~341 ~~335~~334 Beginning Loan Count ~~631~~551 6560 ~~696~~611 Loans Paid In Full 8060 57 8567 Ending Loan Count ~~551~~491 6053 ~~611~~544 Beginning Scheduled Balance ~~249~~217,~~156~~662,~~491~~534.6120 2623,~~337~~759,~~080~~830.9553 ~~275~~241,~~493~~422,~~572~~364.5673 Ending scheduled Balance ~~217~~194,~~662~~671,~~534~~512.2027 2320,~~759~~847,~~830~~512.5366 ~~241~~215,~~422~~519,~~364~~024.7393 Record Date 1011/3130/2002 1011/3130/2002 1011/3130/2002 Principal And Interest Constant 1,~~770~~544,~~010~~348.4893 ~~168~~152,~~092~~097.8921 1,~~938~~696,~~103~~446.3714 Scheduled Principal ~~229~~198,~~786~~711.2560 2624,~~998~~473.3655 ~~256~~223,~~784~~185.6115 Unscheduled Principal 3122,~~264~~792,~~171~~310.1633 2,~~550~~887,~~252~~844.0632 3325,~~814~~680,~~423~~154.2265 Scheduled Interest 1,~~540~~347,~~224~~297.2307 ~~141~~127,~~294~~623.7166 1,~~681~~474,~~518~~920.9473 Servicing Fees 5547,~~006~~737.2409 65,~~497~~908.95 6153,~~504~~646.1904 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 2521,~~128~~761.9022 2,~~675~~490.2363 2724,~~804~~251.1385 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,~~460~~277,~~089~~798.0976 ~~132~~119,~~121~~224.5308 1,~~592~~397,~~210~~022.6284 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.~~032154~~044660 6.~~019871~~021461 6.~~935380~~943961

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