8-K 1 etr01001.txt JUNE 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): June 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) 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 June 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 June 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: 6/25/03 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 June 25, 2003 distribution.

E*Trade ARM Trust Mortgage Pass-Through Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 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.~~03853~~06028% ~~100~~84,~~707~~813,~~408~~668.3368 ~~580~~494,~~451~~232.8460 159,~~893~~300,~~739~~892.6580 A-2 26924UAB7 SEN 6.~~01551~~00393% 1311,~~741~~950,~~117~~713.5046 6759,~~688~~220.8866 1461,~~790,404~~974.0459 R-1 26924UAF8 RES 7.~~08459~~08265% 0.00 0.00 0.00 R-2 26924UAH4 RES 7.~~08459~~08265% 0.00 0.00 0.00 R-3 26924UAM3 RES 7.~~08459~~08265% 0.00 0.00 0.00 A-3 26924UAG6 MEZ 67.~~98572~~00524% 7,~~835~~268,~~270~~907.9321 4442,~~821~~027.7269 ~~566~~353,~~363~~848.7292 B-1 26924UAC5 SUB 67.~~98572~~00524% 43,~~178~~876,~~785~~726.5070 2322,~~904~~414.7863 ~~302~~188,~~058~~718.8027 B-2 26924UAD3 SUB 67.~~98572~~00524% 2,~~611~~422,~~775~~986.3108 14,~~940~~009.6732 ~~188~~117,~~789~~950.2347 B-3 26924UAE1 SUB 67.~~98572~~00524% 2,~~350~~180,~~542~~636.7845 1312,~~446~~608.3010 ~~169~~106,~~906~~152.3394 B-4 26924UAJ0 SUB 67.~~98572~~00524% 1,~~567~~453,~~065~~791.1865 8,~~964~~405.4160 ~~113~~70,~~273~~770.5428 B-5 26924UAK7 SUB 67.~~98572~~00524% ~~522~~484,~~355~~597.0622 2,~~988~~801.1486 3723,~~757~~590.8509 B-6 26924UAL5 SUB 67.~~98572~~00524% ~~521~~483,~~312~~630.9240 2,~~982~~796.1728 3723,~~682~~543.5203 Totals ~~134~~114,~~035~~935,~~633~~657.5185 ~~760~~658,~~188~~516.9174 1910,~~099~~647,~~975~~441.6839

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 8475,~~813~~512,~~668~~775.6888 169,~~474~~795,~~191~~125.4940 0.00 A-2 0.00 11,~~950~~488,~~713~~738.4687 1521,~~858,092~~195.9225 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 76,~~268~~915,~~907~~058.2128 ~~611~~395,~~185~~876.4461 0.00 B-1 0.00 3,~~876~~688,~~726~~008.7043 ~~325~~211,~~963~~132.5890 0.00 B-2 0.00 2,~~422~~305,~~986~~035.0861 ~~203~~131,~~729~~959.9079 0.00 B-3 0.00 2,~~180~~074,~~636~~483.4551 ~~183~~118,~~352~~761.6304 0.00 B-4 0.00 1,~~453~~383,~~791~~021.6536 ~~122~~79,~~237~~175.9588 0.00 B-5 0.00 ~~484~~461,~~597~~007.2212 4026,~~745~~391.9995 0.00 B-6 0.00 ~~483~~460,~~630~~087.4037 4026,~~664~~339.6931 1,097.48 Totals 0.00 ~~114~~104,~~935~~288,~~657~~216.8543 1911,~~860~~305,~~164~~958.5913 1,097.48 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 ~~100~~84,~~707~~813,~~408~~668.3368 9681,~~736~~738.5707 159,~~797~~219,~~003~~154.0873 0.00 0.00 A-2 39,045,700.00 1311,~~741~~950,~~117~~713.5046 1412,~~608~~841.3126 1449,~~775,795~~133.7333 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 7,~~835~~268,~~270~~907.9321 7,~~567~~047.8028 ~~558~~346,~~795~~801.9265 0.00 0.00 B-1 7,598,300.00 43,~~178~~876,~~785~~726.5070 43,~~036~~758.1352 ~~298~~184,~~022~~959.6674 0.00 0.00 B-2 4,749,000.00 2,~~611~~422,~~775~~986.3108 2,~~522~~349.6211 ~~186~~115,~~266~~601.6136 0.00 0.00 B-3 4,274,000.00 2,~~350~~180,~~542~~636.7845 2,~~270~~114.3015 ~~167~~104,~~636~~038.0379 0.00 0.00 B-4 2,849,400.00 1,~~567~~453,~~065~~791.1865 1,~~513~~409.5746 ~~111~~69,~~759~~360.9782 0.00 0.00 B-5 949,800.00 ~~522~~484,~~355~~597.0622 ~~504~~469.5282 3723,~~253~~120.3227 0.00 0.00 B-6 949,900.71 ~~521~~483,~~312~~630.9240 ~~503~~468.5288 3723,~~179~~074.0015 0.00 0.00 Totals 949,791,400.71 ~~134~~114,~~035~~935,~~633~~657.5185 ~~130~~112,~~263~~196.3455 1810,~~969~~535,~~712~~244.3284 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-1 159,~~893~~300,~~739~~892.6580 8475,~~813~~512,~~668~~775.6888 0.~~09691570~~08628767 159,~~893~~300,~~739~~892.6580 A-2 1461,~~790,404~~974.0459 11,~~950~~488,~~713~~738.4687 0.~~30606990~~29423826 1461,~~790,404~~974.0459 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 ~~566~~353,~~363~~848.7292 76,~~268~~915,~~907~~058.2128 0.~~51020974~~48537284 ~~566~~353,~~363~~848.7292 B-1 ~~302~~188,~~058~~718.8027 3,~~876~~688,~~726~~008.7043 0.~~51020974~~48537284 ~~302~~188,~~058~~718.8027 B-2 ~~188~~117,~~789~~950.2347 2,~~422~~305,~~986~~035.0861 0.~~51020975~~48537284 ~~188~~117,~~789~~950.2347 B-3 ~~169~~106,~~906~~152.3394 2,~~180~~074,~~636~~483.4551 0.~~51020974~~48537284 ~~169~~106,~~906~~152.3394 B-4 ~~113~~70,~~273~~770.5428 1,~~453~~383,~~791~~021.6536 0.~~51020975~~48537284 ~~113~~70,~~273~~770.5428 B-5 3723,~~757~~590.8509 ~~484~~461,~~597~~007.2212 0.~~51020975~~48537284 3723,~~757~~590.8509 B-6 3723,~~682~~543.5203 ~~483~~460,~~630~~087.4037 0.~~50913784~~48435312 3723,~~682~~543.5203 Totals 1910,~~099~~647,~~975~~441.6839 ~~114~~104,~~935~~288,~~657~~216.8543 0.~~12101147~~10980118 1910,~~099~~647,~~975~~441.6839

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 ~~115~~96.~~07731390~~91570199 0.~~11053988~~09340125 1810.~~05107203~~53463276 0.00000000 A-2 39,045,700.00 ~~351~~306.~~92396346~~06989912 0.~~37413364~~32887770 4511.~~47993070~~50276036 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 ~~549~~510.~~96321516~~20974458 0.~~53118924~~49465357 3924.~~22228134~~34225340 0.00000000 B-1 7,598,300.00 ~~549~~510.~~96321546~~20974428 0.~~53118856~~49465275 3924.~~22228130~~34225287 0.00000000 B-2 4,749,000.00 ~~549~~510.~~96321541~~20974521 0.~~53118972~~49465361 3924.~~22228048~~34225311 0.00000000 B-3 4,274,000.00 ~~549~~510.~~96321479~~20974497 0.~~53118858~~49465372 3924.~~22228124~~34225316 0.00000000 B-4 2,849,400.00 ~~549~~510.~~96321331~~20974591 0.~~53118902~~49465151 3924.~~22228188~~34225451 0.00000000 B-5 949,800.00 ~~549~~510.~~96321331~~20974942 0.~~53118551~~49465151 3924.~~22227837~~34225100 0.00000000 B-6 949,900.71 ~~548~~509.~~80780119~~13784452 0.~~53007645~~49360948 3924.~~13988021~~29111775 0.00000000 2) All Senior Classes and Mezzanine Classes are per $1,000 denomination, all Offered Subordinate ~~classes~~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 1810.~~16161191~~62803401 9686.~~91570199~~28766798 0.~~09691570~~08628767 1810.~~16161191~~62803401 A-2 0.00000000 4511.~~85406434~~83163805 ~~306~~294.~~06989912~~23826106 0.~~30606990~~29423826 4511.~~85406434~~83163805 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 3924.~~75347058~~83690627 ~~510~~485.~~20974458~~37283760 0.~~51020974~~48537284 3924.~~75347058~~83690627 B-1 0.00000000 3924.~~75347117~~83690694 ~~510~~485.~~20974428~~37283735 0.~~51020974~~48537284 3924.~~75347117~~83690694 B-2 0.00000000 3924.~~75347020~~83690672 ~~510~~485.~~20974521~~37283849 0.~~51020975~~48537284 3924.~~75347020~~83690672 B-3 0.00000000 3924.~~75346982~~83690688 ~~510~~485.~~20974497~~37283809 0.~~51020974~~48537284 3924.~~75346982~~83690688 B-4 0.00000000 3924.~~75347091~~83690602 ~~510~~485.~~20974591~~37283639 0.~~51020975~~48537284 3924.~~75347091~~83690602 B-5 0.00000000 3924.~~75347442~~83690251 ~~510~~485.~~20974942~~37283639 0.~~51020975~~48537284 3924.~~75347442~~83690251 B-6 0.00000000 3924.~~66995666~~78472724 ~~509~~484.~~13784452~~35311729 0.~~50913784~~48435312 3924.~~66995666~~78472724 (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.~~03853~~06028% ~~100~~84,~~707~~813,~~408~~668.3368 ~~590~~499,~~693~~007.0207 0.00 0.00 A-2 39,045,700.00 6.~~01551~~00393% 1311,~~741~~950,~~117~~713.5046 6859,~~883~~792.1575 0.00 0.00 R-1 50.00 7.~~08459~~08265% 0.00 0.00 0.00 0.00 R-2 50.00 7.~~08459~~08265% 0.00 0.00 0.00 0.00 R-3 50.00 7.~~08459~~08265% 0.00 0.00 0.00 0.00 A-3 14,246,900.00 67.~~98572~~00524% 7,~~835~~268,~~270~~907.9321 4542,~~612~~433.5369 0.00 0.00 B-1 7,598,300.00 67.~~98572~~00524% 43,~~178~~876,~~785~~726.5070 2422,~~326~~631.5416 0.00 0.00 B-2 4,749,000.00 67.~~98572~~00524% 2,~~611~~422,~~775~~986.3108 1514,~~204~~144.2866 0.00 0.00 B-3 4,274,000.00 67.~~98572~~00524% 2,~~350~~180,~~542~~636.7845 1312,~~683~~729.5490 0.00 0.00 B-4 2,849,400.00 67.~~98572~~00524% 1,~~567~~453,~~065~~791.1865 98,~~122~~486.5780 0.00 0.00 B-5 949,800.00 67.~~98572~~00524% ~~522~~484,~~355~~597.0622 32,~~040~~828.8693 0.00 0.00 B-6 949,900.71 67.~~98572~~00524% ~~521~~483,~~312~~630.9240 32,~~034~~823.7929 0.00 0.00 Totals 949,791,400.71 ~~773~~664,~~601~~878.2825 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-1 104,~~241~~774.1847 0.00 ~~580~~494,~~451~~232.8460 0.00 8475,~~813~~512,~~668~~775.6888 A-2 ~~1,194~~572.2709 0.00 6759,~~688~~220.8866 0.00 11,~~950~~488,~~713~~738.4687 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 ~~790~~406.8100 0.00 4442,~~821~~027.7269 0.00 76,~~268~~915,~~907~~058.2128 B-1 ~~421~~216.7653 0.00 2322,~~904~~414.7863 0.00 3,~~876~~688,~~726~~008.7043 B-2 ~~263~~135.6134 0.00 14,~~940~~009.6732 0.00 2,~~422~~305,~~986~~035.0861 B-3 ~~237~~121.2480 0.00 1312,~~446~~608.3010 0.00 2,~~180~~074,~~636~~483.4551 B-4 ~~158~~81.1620 0.00 8,~~964~~405.4160 0.00 1,~~453~~383,~~791~~021.6536 B-5 5227.7207 0.00 2,~~988~~801.1486 0.00 ~~484~~461,~~597~~007.2212 B-6 5227.6201 0.00 2,~~982~~796.1728 0.00 ~~483~~460,~~630~~087.4037 Totals 136,~~412~~361.3751 0.00 ~~760~~658,~~188~~516.9174 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.~~03853~~06028% ~~115~~96.~~07731390~~91570199 0.~~67497880~~57021022 0.00000000 0.00000000 A-2 39,045,700.00 6.~~01551~~00393% ~~351~~306.~~92396346~~06989912 1.~~76416737~~53135300 0.00000000 0.00000000 R-1 50.00 7.~~08459~~08265% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 7.~~08459~~08265% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 7.~~08459~~08265% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 14,246,900.00 67.~~98572~~00524% ~~549~~510.~~96321516~~20974458 32.~~20157578~~97845075 0.00000000 0.00000000 B-1 7,598,300.00 67.~~98572~~00524% ~~549~~510.~~96321546~~20974428 32.~~20157667~~97845044 0.00000000 0.00000000 B-2 4,749,000.00 67.~~98572~~00524% ~~549~~510.~~96321541~~20974521 32.~~20157507~~97845020 0.00000000 0.00000000 B-3 4,274,000.00 67.~~98572~~00524% ~~549~~510.~~96321479~~20974497 32.~~20157698~~97845110 0.00000000 0.00000000 B-4 2,849,400.00 67.~~98572~~00524% ~~549~~510.~~96321331~~20974591 32.~~20157577~~97845160 0.00000000 0.00000000 B-5 949,800.00 67.~~98572~~00524% ~~549~~510.~~96321331~~20974942 32.~~20157928~~97844809 0.00000000 0.00000000 B-6 949,900.71 67.~~98572~~00524% ~~548~~509.~~80780119~~13784452 32.~~19484970~~97219485 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.~~01170249~~00545574 0.00000000 0.~~66327631~~56475448 0.00000000 9686.~~91570199~~28766798 A-2 0.~~03058647~~01465181 0.00000000 1.~~73358091~~51670120 0.00000000 ~~306~~294.~~06989912~~23826106 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.~~05550751~~02849743 0.00000000 32.~~14606827~~94995332 0.00000000 ~~510~~485.~~20974458~~37283760 B-1 0.~~05550715~~02849716 0.00000000 32.~~14606952~~94995328 0.00000000 ~~510~~485.~~20974428~~37283735 B-2 0.~~05550853~~02849863 0.00000000 32.~~14606654~~94995157 0.00000000 ~~510~~485.~~20974521~~37283849 B-3 0.~~05550772~~02849789 0.00000000 32.~~14606926~~94995321 0.00000000 ~~510~~485.~~20974497~~37283809 B-4 0.~~05550642~~02849723 0.00000000 32.~~14606935~~94995438 0.00000000 ~~510~~485.~~20974591~~37283639 B-5 0.~~05550642~~02850074 0.00000000 32.~~14607286~~94994736 0.00000000 ~~510~~485.~~20974942~~37283639 B-6 0.~~05539526~~02843455 0.00000000 32.~~13945444~~94376030 0.00000000 ~~509~~484.~~13784452~~35311729 (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 1911,~~880~~348,~~812~~656.4191 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2217,~~936~~610.8437 Realized ~~Losses~~Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1911,~~903~~366,~~749~~267.2528 Withdrawals Reimbursement for Servicer Advances 022,936.0084 Payment of Service Fee 4337,~~584~~372.6631 Payment of Interest and Principal 1911,~~860~~305,~~164~~958.5913 Total Withdrawals (Pool Distribution Amount) 1911,~~903~~366,~~749~~267.2528 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 136,~~412~~361.3751 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 136,~~412~~361.3751

SERVICING FEES Gross Servicing Fee 2925,~~958~~607.6580 Special Servicing Fee 0.00 Supplemental PMI Insurance Fee 1311,~~626~~764.0151 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4337,~~584~~372.6631

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 21 0 0 0 21 ~~812~~306,~~112~~718.4294 0.00 0.00 0.00 ~~812~~306,~~112~~718.4294 60 Days 20 0 0 0 20 ~~808,627~~0.1400 0.00 0.00 0.00 ~~808,627~~0.1400 90 Days 0 0 12 0 12 0.00 0.00 ~~412~~952,~~381~~086.0039 0.00 ~~412~~952,~~381~~086.0039 120 Days 0 0 01 0 01 0.00 0.00 0412,381.00 0.00 0412,381.00 150 Days 0 0 10 0 10 0.00 0.00 ~~463,585~~0.1300 0.00 ~~463,585~~0.1300 180+ Days 0 1 0 1 1 2 0.00 0.00 486,879.14 ~~0.00~~ 273,250.65 760,129.79 Totals 4 1 20 4 1 86 1306,~~620,739~~718.5694 ~~486,879~~0.1400 ~~875~~1,~~966~~851,346.1353 273,250.65 32,~~256~~431,~~835~~316.4812 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.~~692042~~383142% 0.000000% 0.000000% 0.000000% 0.~~692042~~383142% 0.~~705880~~293818% 0.000000% 0.000000% 0.000000% 0.~~705880~~293818% 60 Days 0.~~692042~~000000% 0.000000% 0.000000% 0.000000% 0.~~692042~~000000% 0.~~702851~~000000% 0.000000% 0.000000% 0.000000% 0.~~702851~~000000% 90 Days 0.000000% 0.000000% 0.~~346021~~766284% 0.000000% 0.~~346021~~766284% 0.000000% 0.000000% 0.~~358438~~912040% 0.000000% 0.~~358438~~912040% 120 Days 0.000000% 0.000000% 0.~~000000~~383142% 0.000000% 0.~~000000~~383142% 0.000000% 0.000000% 0.~~000000~~395035% 0.000000% 0.~~000000~~395035% 150 Days 0.000000% 0.000000% 0.~~346021~~000000% 0.000000% 0.~~346021~~000000% 0.000000% 0.000000% 0.~~402944~~000000% 0.000000% 0.~~402944~~000000% 180+ Days 0.000000% 0.~~346021~~000000% 0.~~000000~~383142% 0.~~346021~~383142% 0.~~692042~~766284% 0.000000% 0.~~423191~~000000% 0.~~000000~~466400% 0.~~237507~~261757% 0.~~660698~~728157% Totals 10.~~384083~~383142% 0.~~346021~~000000% 01.~~692042~~532567% 0.~~346021~~383142% 2.~~768166~~298851% 10.~~408732~~293818% 0.~~423191~~000000% 01.~~761381~~773475% 0.~~237507~~261757% 2.~~830811~~329050%

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 21 0 0 0 21 ~~812~~306,~~112~~718.4294 0.00 0.00 0.00 ~~812~~306,~~112~~718.4294 60 Days 20 0 0 0 20 ~~808,627~~0.1400 0.00 0.00 0.00 ~~808,627~~0.1400 90 Days 0 0 12 0 12 0.00 0.00 ~~412~~952,~~381~~086.0039 0.00 ~~412~~952,~~381~~086.0039 120 Days 0 0 01 0 01 0.00 0.00 0412,381.00 0.00 0412,381.00 150 Days 0 0 10 0 10 0.00 0.00 ~~463,585~~0.1300 0.00 ~~463,585~~0.1300 180 Days 0 1 0 1 1 2 0.00 0.00 486,879.14 ~~0.00~~ 273,250.65 760,129.79 Totals 4 1 20 4 1 86 1306,~~620,739~~718.5694 ~~486,879~~0.1400 ~~875~~1,~~966~~851,346.1353 273,250.65 32,~~256~~431,~~835~~316.4812 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~778210~~434783% 0.000000% 0.000000% 0.000000% 0.~~778210~~434783% 0.~~795089~~333527% 0.000000% 0.000000% 0.000000% 0.~~795089~~333527% 60 Days 0.~~778210~~000000% 0.000000% 0.000000% 0.000000% 0.~~778210~~000000% 0.~~791677~~000000% 0.000000% 0.000000% 0.000000% 0.~~791677~~000000% 90 Days 0.000000% 0.000000% 0.~~389105~~869565% 0.000000% 0.~~389105~~869565% 0.000000% 0.000000% 01.~~403737~~035301% 0.000000% 01.~~403737~~035301% 120 Days 0.000000% 0.000000% 0.~~000000~~434783% 0.000000% 0.~~000000~~434783% 0.000000% 0.000000% 0.~~000000~~448424% 0.000000% 0.~~000000~~448424% 150 Days 0.000000% 0.000000% 0.~~389105~~000000% 0.000000% 0.~~389105~~000000% 0.000000% 0.000000% 0.~~453868~~000000% 0.000000% 0.~~453868~~000000% 180 Days 0.000000% 0.~~389105~~000000% 0.~~000000~~434783% 0.~~389105~~434783% 0.~~778210~~869565% 0.000000% 0.~~476673~~000000% 0.~~000000~~529434% 0.~~267523~~297133% 0.~~744196~~826567% Totals 10.~~556420~~434783% 0.~~389105~~000000% 01.~~778210~~739130% 0.~~389105~~434783% 32.~~112840~~608696% 10.~~586766~~333527% 0.~~476673~~000000% 02.~~857605~~013159% 0.~~267523~~297133% 32.~~188567~~643819% 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 2217,~~936~~610.8437

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 21,370,550.71 2.25002571% 10,~~902~~371,~~368~~643.5040 9.~~48562762~~94517286% 90.~~514372~~054827% 9291.~~213446~~559813% Class R-I 21,370,500.71 2.25002045% 10,~~902~~371,~~368~~643.5040 9.~~48562762~~94517286% 0.000000% 0.000000% Class R-II 21,370,450.71 2.25001518% 10,~~902~~371,~~368~~643.5040 9.~~48562762~~94517286% 0.000000% 0.000000% Class R-III 21,370,400.71 2.25000992% 10,~~902~~371,~~368~~643.5040 9.~~48562762~~94517286% 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.~~316138~~331934% Weighted Average Net Coupon 7.~~047922~~064572% Weighted Average Pass-Through Rate 6.~~925931~~941743% Weighted Average Maturity(Stepdown Calculation ) ~~329~~328 Beginning Scheduled Collateral Loan Count ~~338~~289 Number Of Loans Paid In Full 4928 Ending Scheduled Collateral Loan Count ~~289~~261 Beginning Scheduled Collateral Balance ~~134~~114,~~035~~935,~~633~~657.4982 Ending Scheduled Collateral Balance ~~114~~104,~~935~~288,~~657~~216.8245 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 ~~115~~104,~~049~~390,~~570~~900.2475 Monthly P &I Constant ~~948~~814,~~075~~447.1307 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 1,097.48 Class A Optimal Amount 1810,~~343~~321,~~719~~667.8621 Ending Scheduled Balance for Premium Loans ~~114~~104,~~935~~288,~~657~~216.8245 Scheduled Principal ~~130~~112,~~263~~196.3456 Unscheduled Principal 1810,~~969~~535,~~712~~244.3383

Miscellaneous Reporting Senior Percentage Group I 8483.~~426891~~119627% Senior Prep. Percentage Group I 9291.~~213446~~559813% Subordinate Percentage Group I 1516.~~573109~~880373% Subordinate Prep. Percentage Group I 78.~~786554~~440187% Senior Percentage Group II 9392.~~147075~~658566% Senior Prep. Percentage Group II 96.~~573538~~329283% Subordinate Percentage Group II 67.~~852925~~341434% Subordinate Prep. Percentage Group II 3.~~426462~~670717% 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.~~425738~~447194 6.~~429922~~420059 7.~~316138~~331934 Weighted Average Net Rate 7.~~160121~~181927 6.~~140701~~136127 7.~~047922~~064572 Pass-Through Rate 7.060282 6.003934 6.941743 Weighted Average Maturity ~~329~~328 ~~336~~335 ~~329~~328 Beginning Loan Count ~~301~~257 3732 ~~338~~289 Loans Paid In Full 4427 51 4928 Ending Loan Count ~~257~~230 3231 ~~289~~261 Beginning Scheduled Balance ~~119~~102,~~283~~038,~~568~~077.0703 1412,~~752~~897,~~065~~580.4279 ~~134~~114,~~035~~935,~~633~~657.4982 Ending scheduled Balance ~~102~~91,~~038~~870,~~077~~742.0332 12,~~897~~417,~~580~~474.7913 ~~114~~104,~~935~~288,~~657~~216.8245 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant ~~853~~731,~~346~~585.5569 9482,~~728~~861.5838 ~~948~~814,~~075~~447.1307 Scheduled Principal ~~114~~98,~~580~~337.2887 1513,~~683~~858.0669 ~~130~~112,~~263~~196.3456 Unscheduled Principal 1710,~~130~~068,~~910~~996.7686 1466,~~838,801~~247.5797 1810,~~969~~535,~~712~~244.3383 Scheduled Interest ~~738~~633,~~140~~247.4282 7969,~~045~~002.5269 ~~817~~702,~~185~~250.9451 Servicing Fees 2622,~~403~~556.1510 3,~~555~~051.5070 2925,~~958~~607.6580 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 1210,~~086~~343.9668 1,~~539~~420.0583 1311,~~626~~764.0151 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 ~~699~~600,~~650~~348.3104 7364,~~950~~530.9716 ~~773~~664,~~601~~878.2820 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 1,097.48 0.00 1,097.48 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 7.038525 6.015507 6.925931~~

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