GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

External Parties

Table of Contents

Page

Seller

1. Certificate Payment Report

Goldman Sachs Mortgage Securities

2. Collection Account Report

3. Credit Enhancement Report

Servicer(s)

4. Collateral Report

Ocwen Loan Servicing LLC

5. Delinquency Report

6. REO Report

Underwriter(s)

7. Foreclosure Report

Goldman Sachs & Co.

8. Prepayment Report

9. Prepayment Detail Report

Cap Provider

10. Realized Loss Report

Goldman Sachs Mortgage Securities

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

August 01, 2006

Cindy Lai

Close Date:

August 18, 2006

Administrator

First Distribution Date:

September 25, 2006

(714) 247-6251

Cindy.lai@db.com

Address:

Distribution Date:

September 25, 2006

1761 E St. Andrew Place, Santa Ana, CA 92705

Record Date:

August 31, 2006

Factor Information:

(800) 735-7777

September 22, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

September 13, 2006

https://www.tss.db.com/invr

Revised Statement

Page 1 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution

Certificate Payment Report
Current Period Distribution - REMIC II
			Prior						Current
			Prior

	Class	Original	Principal			Total	Realized	Deferred	Principal

Class	Type	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	SR	164,416,000.00	164,416,000.00	940,642.20	8,185,122.93	9,125,765.13	0.00	0.00	156,230,877.07
A-1	SR	164,416,000.00	164,416,000.00	940,642.20	8,185,122.93	9,125,765.13	0.00	0.00	156,230,877.07
A-2	SR	67,155,000.00	67,155,000.00	390,517.52	0.00	390,517.52	0.00	0.00	67,155,000.00
M-1	SUB	27,789,000.00	27,789,000.00	166,610.49	0.00	166,610.49	0.00	0.00	27,789,000.00
M-2	SUB	8,601,000.00	8,601,000.00	51,840.14	0.00	51,840.14	0.00	0.00	8,601,000.00
M-3	SUB	15,879,000.00	15,879,000.00	99,393.72	0.00	99,393.72	0.00	0.00	15,879,000.00
M-4	SUB	7,609,000.00	7,609,000.00	48,190.33	0.00	48,190.33	0.00	0.00	7,609,000.00
M-5	SUB	8,436,000.00	8,436,000.00	52,640.64	0.00	52,640.64	0.00	0.00	8,436,000.00
M-6	SUB	7,278,000.00	7,278,000.00	45,487.50	0.00	45,487.50	0.00	0.00	7,278,000.00
M-7	SUB	4,962,000.00	4,962,000.00	41,010.93	0.00	41,010.93	0.00	0.00	4,962,000.00
B-1	NOF/SUB	6,451,000.00	6,451,000.00	37,630.83	0.00	37,630.83	0.00	0.00	6,451,000.00
B-2	NOF/SUB	5,624,000.00	5,624,000.00	32,806.67	0.00	32,806.67	0.00	0.00	5,624,000.00
X	NOF	6,616,621.93	6,616,621.93	0.00	0.00	0.00	0.00	911,890.12	7,528,512.05
X-1	NOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P	NOF	0.00	0.00	37,566.13	0.00	37,566.13	0.00	0.00	0.00
R	RES	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		330,816,621.93	330,816,621.93	1,944,337.10	8,185,122.93	10,129,460.03	0.00	911,890.12	323,543,389.12
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face Value
					Orig. Principal	Prior				Current
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	08/18/06	09/24/06	A-Act/360	36244WAA7	164,416,000.00	1,000.000000	5.721111	49.783007	55.504118	950.216993
A-1	08/18/06	09/24/06	A-Act/360	36244WAA7	164,416,000.00	1,000.000000	5.721111	49.783007	55.504118	950.216993
A-2	08/18/06	09/24/06	F-Act/360	36244WAB5	67,155,000.00	1,000.000000	5.815167	0.000000	5.815167	1,000.000000
M-1	08/18/06	09/24/06	A-Act/360	36244WAC3	27,789,000.00	1,000.000000	5.995555	0.000000	5.995555	1,000.000000
M-2	08/18/06	09/24/06	A-Act/360	36244WAD1	8,601,000.00	1,000.000000	6.027222	0.000000	6.027222	1,000.000000
M-3	08/18/06	09/24/06	A-Act/360	36244WAE9	15,879,000.00	1,000.000000	6.259445	0.000000	6.259445	1,000.000000
M-4	08/18/06	09/24/06	A-Act/360	36244WAF6	7,609,000.00	1,000.000000	6.333333	0.000000	6.333333	1,000.000000
M-5	08/01/06	08/30/06	F-30/360	36244WAG4	8,436,000.00	1,000.000000	6.240000	0.000000	6.240000	1,000.000000
M-6	08/01/06	08/30/06	F-30/360	36244WAH2	7,278,000.00	1,000.000000	6.250000	0.000000	6.250000	1,000.000000
M-7	08/18/06	09/24/06	A-Act/360	36244WAJ8	4,962,000.00	1,000.000000	8.265000	0.000000	8.265000	1,000.000000
B-1	08/01/06	08/30/06	F-30/360	36244WAK5	6,451,000.00	1,000.000000	5.833333	0.000000	5.833333	1,000.000000
B-2	08/01/06	08/30/06	F-30/360	36244WAL3	5,624,000.00	1,000.000000	5.833334	0.000000	5.833334	1,000.000000
X		36244WAM1	6,616,621.93	1,000.000000	0.000000	0.000000	0.000000	1,137.818078
X-1		36244WAN9	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
P		36244WAP4	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R	08/01/06	08/30/06	A-30/360	36244WAQ2	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 2 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution


Distribution to Date - REMIC II
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	164,416,000.00	940,642.20	8,026,788.53	158,334.40	8,185,122.93	9,125,765.13	0.00	0.00	156,230,877.07
A-2	67,155,000.00	390,517.52	0.00	0.00	0.00	390,517.52	0.00	0.00	67,155,000.00
M-1	27,789,000.00	166,610.49	0.00	0.00	0.00	166,610.49	0.00	0.00	27,789,000.00
M-2	8,601,000.00	51,840.14	0.00	0.00	0.00	51,840.14	0.00	0.00	8,601,000.00
M-3	15,879,000.00	99,393.72	0.00	0.00	0.00	99,393.72	0.00	0.00	15,879,000.00
M-4	7,609,000.00	48,190.33	0.00	0.00	0.00	48,190.33	0.00	0.00	7,609,000.00
M-5	8,436,000.00	52,640.64	0.00	0.00	0.00	52,640.64	0.00	0.00	8,436,000.00
M-6	7,278,000.00	45,487.50	0.00	0.00	0.00	45,487.50	0.00	0.00	7,278,000.00
M-7	4,962,000.00	41,010.93	0.00	0.00	0.00	41,010.93	0.00	0.00	4,962,000.00
B-1	6,451,000.00	37,630.83	0.00	0.00	0.00	37,630.83	0.00	0.00	6,451,000.00
B-2	5,624,000.00	32,806.67	0.00	0.00	0.00	32,806.67	0.00	0.00	5,624,000.00
X	6,616,621.93	0.00	0.00	0.00	0.00	0.00	0.00	911,890.12	7,528,512.05
X-1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P	0.00	37,566.13	0.00	0.00	0.00	37,566.13	0.00	0.00	0.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	330,816,621.93	1,944,337.10	8,026,788.53	158,334.40	8,185,122.93	10,129,460.03	0.00	911,890.12	323,543,389.12


Interest Detail - REMIC II
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or

	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid

Class	Rate	Balance	Interest	Interest SF	Interest	Adjustment	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	5.42000%	164,416,000.00	940,642.20	0.00	0.00	0.00	940,642.20	940,642.20	0.00
A-2	5.65800%	67,155,000.00	390,517.52	0.00	0.00	0.00	390,517.52	390,517.52	0.00
M-1	5.68000%	27,789,000.00	166,610.49	0.00	0.00	0.00	166,610.49	166,610.49	0.00
M-2	5.71000%	8,601,000.00	51,840.14	0.00	0.00	0.00	51,840.14	51,840.14	0.00
M-3	5.93000%	15,879,000.00	99,393.72	0.00	0.00	0.00	99,393.72	99,393.72	0.00
M-4	6.00000%	7,609,000.00	48,190.33	0.00	0.00	0.00	48,190.33	48,190.33	0.00
M-5	7.48800%	8,436,000.00	52,640.64	0.00	0.00	0.00	52,640.64	52,640.64	0.00
M-6	7.50000%	7,278,000.00	45,487.50	0.00	0.00	0.00	45,487.50	45,487.50	0.00
M-7	7.83000%	4,962,000.00	41,010.93	0.00	0.00	0.00	41,010.93	41,010.93	0.00
B-1	7.00000%	6,451,000.00	37,630.83	0.00	0.00	0.00	37,630.83	37,630.83	0.00
B-2	7.00000%	5,624,000.00	32,806.67	0.00	0.00	0.00	32,806.67	32,806.67	0.00
X	165.38169%	6,616,621.93	0.00	0.00	0.00	0.00	0.00	911,890.12	0.00
X-1	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	37,566.13	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		330,816,621.93	1,906,770.97	0.00	0.00	0.00	1,906,770.97	2,856,227.22	0.00



Page 3 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

7,273,232.81

Principal Withdrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

7,273,232.81

Interest Collections

2,835,543.93

Interest Withdrawals

-0.00

Interest Other Accounts

37,566.13

Interest Fees

-16,882.84

TOTAL NET INTEREST

2,856,227.22

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

10,129,460.03

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

140,694.64

Prepayments In Full

6,967,968.41

Curtailments

164,569.76

Liquidations

0.00

Insurance Principal

0.00

Repurchased Principal Amounts

0.00

Other Principal

0.00

Principal Realized Loss

-0.00

Delinquent Principal

-123,041.05

Advanced Principal

123,041.05

TOTAL PRINCIPAL COLLECTED

7,273,232.81

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

Total

TOTAL OTHER ACCOUNTS PRINCIPAL

0.00

Page 4 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

2,955,194.07

Liquidation Interest

0.00

Repurchased Interest

0.00

Insurance Interest

0.00

Other Interest

0.00

Relief Act Interest Shortfalls

-0.00

Prepayment Interest Shortfalls

-512.06

Compensating Interest

512.06

Delinquent Interest

-2,615,881.86

Interest Loss

-0.00

Interest Advanced

2,496,231.70

TOTAL INTEREST COLLECTED

2,835,543.93

INTEREST - WITHDRAWALS

Total

Legal Expenses

0.00

Nonrecoverable Advances

0.00

Servicer Expenses

0.00

TOTAL INTEREST WITHDRAWALS

0.00

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

37,566.13

Cap Payment

0.00

TOTAL INTEREST OTHER ACCOUNTS

37,566.13

INTEREST FEES

Total

Current Servicing Fees

14,677.40

Current Trustee Fees

2,205.44

TOTAL INTEREST OTHER FEES

16,882.84

Page 5 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Account

Beginning Account Balance

0.00

Account Deposit

0.00

Account Payment Due

0.00

Account Withdrawal

0.00

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Total

Overcollateralization Amount

7,528,512.05

Specified Overcollateralized Amount

20,345,222.25

Overcollateralization Deficiency Amount

12,816,710.20

Overcollateralization Release Amount

0.00

Total Monthly Excess Spread

911,890.12

Page 6 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

5,205

Prior

5,205

Prefunding

Scheduled Paid Offs

-1

Full Voluntary Prepayments

-117

Repurchases

-0

Liquidations

-0

Current

5,087

Principal Balance:

Original

330,816,621.93

Prior

330,816,621.93

Prefunding

0.00

Scheduled Principal

-140,694.64

Partial Prepayments

-164,569.76

Full Voluntary Prepayments

-6,967,968.41

Repurchases

-0.00

Liquidations

-0.00

Current

323,543,389.12

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							10.71963%
Weighted Average Coupon Prior							10.71963%
Weighted Average Coupon Current							10.71963%
Weighted Average Months to Maturity Original							301
Weighted Average Months to Maturity Prior							301
Weighted Average Months to Maturity Current							301
Weighted Avg Remaining Amortization Term Original							348
Weighted Avg Remaining Amortization Term Prior							348
Weighted Avg Remaining Amortization Term Current							348
Weighted Average Seasoning Original							6.25
Weighted Average Seasoning Prior							6.25
Weighted Average Seasoning Current							6.25

Page 8 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

							Total
Weighted Average Margin Original							8.49900%
Weighted Average Margin Prior							8.49900%
Weighted Average Margin Current							8.49900%
Weighted Average Max Rate Original							16.49900%
Weighted Average Max Rate Prior							16.49900%
Weighted Average Max Rate Current							16.49900%
Weighted Average Min Rate Original							9.49900%
Weighted Average Min Rate Prior							9.49900%
Weighted Average Min Rate Current							9.49900%
Weighted Average Cap Up Original							1.50000%
Weighted Average Cap Up Prior							1.50000%
Weighted Average Cap Up Current							1.50000%
Weighted Average Cap Down Original							1.50000%
Weighted Average Cap Down Prior							1.50000%
Weighted Average Cap Down Current							1.50000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

							Total




Current Servicing Fees							14,677.40
Delinquent Servicing Fees							119,650.15
TOTAL SERVICING FEES							137,840.27


Compensating Interest							-512.06
Delinquent Servicing Fees							-119,650.15
COLLECTED SERVICING FEES							17,678.06


Total Advanced Interest							2,496,231.70
Total Advanced Principal							123,041.05
Aggregate Advances with respect to this Distribution							2,619,272.76





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
							Total
Prepayment Interest Shortfall (PPIS)							512.06
Compensating Interest							(512.06)
Net Prepayment Interest Shortfall (PPIS)							0.00


Ending Pool Stated Principal Balance							323,543,389.12






Page 9 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution

Delinquency Report


TOTAL	0-30 Days	31-60 Days	61-90 Days	91-120 Days	121-150	151-180	181+ Days	TOTAL
	0-30 Days	31-60 Days	61-90 Days	91-120 Days	121-150	151-180	181+ Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		16,705,463.34	8,090,660.85	1,285,042.71	47,922.24	0.00	0.00	26,129,089.14
		5.1633%	2.5006%	0.3972%	0.0148%	0.0000%	0.0000%	8.0759%
		232	104	12	1	0	0	349
		4.5606%	2.0444%	0.2359%	0.0197%	0.0000%	0.0000%	6.8606%
FORECLOSURE Balance % Balance # Loans % # Loans
	23,282.07	177,017.91	22,939.90	0.00	0.00	0.00	0.00	223,239.88
	0.0072%	0.0547%	0.0071%	0.0000%	0.0000%	0.0000%	0.0000%	0.0690%
	1	1	1	0	0	0	0	3
	0.0197%	0.0197%	0.0197%	0.0000%	0.0000%	0.0000%	0.0000%	0.0590%
BANKRUPTCY Balance % Balance # Loans % # Loans
	185,780.43	0.00	44,664.89	0.00	0.00	0.00	0.00	230,445.32
	0.0574%	0.0000%	0.0138%	0.0000%	0.0000%	0.0000%	0.0000%	0.0712%
	4	0	2	0	0	0	0	6
	0.0786%	0.0000%	0.0393%	0.0000%	0.0000%	0.0000%	0.0000%	0.1179%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
	0	0	0	0	0	0	0	0
	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
TOTAL Balance % Balance # Loans % # Loans
	209,062.50	16,882,481.25	8,158,265.64	1,285,042.71	47,922.24	0.00	0.00	26,582,774.34
	0.0646%	5.2180%	2.5215%	0.3972%	0.0148%	0.0000%	0.0000%	8.2161%
	5	233	107	12	1	0	0	358
	0.0983%	4.5803%	2.1034%	0.2359%	0.0197%	0.0000%	0.0000%	7.0375%

Page 10 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 11 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Foreclosure Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 12 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

117

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

117

Curtailments Amount

164,569.76

Paid in Full Balance

6,967,968.41

Repurchased Loans Balance

0.00

Total Prepayment Amount

7,132,538.17

Cumulative

Number of Paid in Full Loans

117

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

117

Paid in Full Balance

6,967,968.41

Repurchased Loans Balance

0.00

Curtailments Amount

164,569.76

Total Prepayment Amount

7,132,538.17

Page 13 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	2.16%
3 Months Avg SMM	2.16%
12 Months Avg SMM	2.16%
Avg SMM Since Cut-off	2.16%



CPR	23.02%
3 Months Avg CPR	23.02%
12 Months Avg CPR	23.02%
Avg CPR Since Cut-off	23.02%



PSA	1,841.14%
3 Months Avg PSA Approximation	1,841.15%
12 Months Avg PSA Approximation	1,841.15%
Avg PSA Since Cut-off Approximation	1,841.15%

Page 14 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): 1 - [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 15 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

SPACE INTENTIONALLY LEFT BLANK

TOTAL

Page 16 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES

Total

Current

Subsequent Recoveries

0.00

Number of Loans Liquidated

Collateral Principal Realized Loss/(Gain) Amount

0.00

Collateral Interest Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Cumulative Subsequent Recoveries

0.00

Page 17 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution


DEFAULT SPEEDS

								Total




MDR								0.00%
3 Months Avg MDR								0.00%
12 Months Avg MDR								0.00%
Avg MDR Since Cut-off								0.00%


CDR								0.00%
3 Months Avg CDR								0.00%
12 Months Avg CDR								0.00%
Avg CDR Since Cut-off								0.00%


SDA								0.00%
3 Months Avg SDA Approximation								0.00%
12 Months Avg SDA Approximation								0.00%
Avg SDA Since Cut-off Approximation								0.00%


Loss Severity Approximation for Current Period								0.00%
3 Months Avg Loss Severity Approximation								0.00%
12 Months Avg Loss Severity Approximation								0.00%
Avg Loss Severity Approximation Since Cut-off								0.00%

Page 18 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY

Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR)^12)

SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)

Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month: Weighted Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.

Dates correspond to distribution dates.

Page 19 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 20 of 23

GSAMP Trust 2006-S5

Mortgage Backed Floating Rate Notes

September 25, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Has the Stepdown Date Occurred?

Does the Trigger Event Exist?

(A Trigger Event Exists if either (i) or (ii) are true)

(i) The quotient of ( (A) > (B) )

. (A) 60+ Day Delinquency % (1) / (2)

3.052855%

. (1) 60+ Day Rolling Delinquency Balance

9,877,311.00

. (2) Stated Principal Balance

323,543,389.12

. (B) 11.71% of Senior Enhancement %

3.513022%

(ii) The quotient of ( (A) > (B))

(Into effect after August 2008)

. (A) Trigger Event Loss % (1) / (2)

0.000000%

. (1) Aggregate Cumulative Realized Loss

0.00

. (2) Cutoff Date Pool Principal Balance

330,816,621.93

. (B) Applicable Loss %

100.000000%

Servicer Event of Default

Has Servicer Cumulative Loss Trigger Occurred?

Has Servicer Delinquency Trigger Occurred?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Net Monthly Excess Cashflow

0.00

Net Monthly Excess Cashflow Alloc to Losses

0.00

Net Monthly Excess Cashflow Alloc to Unpaid Int

0.00

Basis Risk CarryForward Amount Paid

0.00

Basis Risk CarryForward Amount Unpaid

0.00

LIBOR For Current Period

5.33000%

LIBOR Rate Determination Date

08/16/2006

LIBOR For Next Period

5.33000%

Next LIBOR Rate Determination Date

09/21/2006

Page 21 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	Basis Risk CarryFwd Unpaid	Interest CarryFwd Due	Basis Risk CarryFwd Paid	Interest CarryFwd Paid
CLASS

	REMIC-1	5.4200%	$0.00	$0.00	$0.00	$0.00
		5.4200%	$0.00	$0.00	$0.00	$0.00
	R-1	5.6580%	$0.00	$0.00	$0.00	$0.00
		5.6580%	$0.00	$0.00	$0.00	$0.00
	M-1	5.6800%	$0.00	$0.00	$0.00	$0.00
		5.6800%	$0.00	$0.00	$0.00	$0.00
	M-2	5.7100%	$0.00	$0.00	$0.00	$0.00
		5.7100%	$0.00	$0.00	$0.00	$0.00
	M-3	5.9300%	$0.00	$0.00	$0.00	$0.00
		5.9300%	$0.00	$0.00	$0.00	$0.00
	M-4	6.0000%	$0.00	$0.00	$0.00	$0.00
		6.0000%	$0.00	$0.00	$0.00	$0.00
	M-5	7.4880%	$0.00	$0.00	$0.00	$0.00
		7.4880%	$0.00	$0.00	$0.00	$0.00
	M-6	7.5000%	$0.00	$0.00	$0.00	$0.00
		7.5000%	$0.00	$0.00	$0.00	$0.00
	M-7	7.8300%	$0.00	$0.00	$0.00	$0.00
		7.8300%	$0.00	$0.00	$0.00	$0.00
	B-1	7.0000%	$0.00	$0.00	$0.00	$0.00
		7.0000%	$0.00	$0.00	$0.00	$0.00
	B-2	7.0000%	$0.00	$0.00	$0.00	$0.00
		7.0000%	$0.00	$0.00	$0.00	$0.00
	X	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00
	X-1	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00
	P	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00
	R	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00




Page 22 of 23

GSAMP Trust 2006-S5



Mortgage Backed Floating Rate Notes
Mortgage Backed Floating Rate Notes
September 25, 2006 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
							Total
Current Scheduled Payments							3,095,888.72
Current Scheduled Payments 1 Month Prior							0.00
Current Scheduled Payments 2 Month Prior							0.00
Current Scheduled Payments 3 Month Prior							0.00
Current Scheduled Payments 4 Month Prior							0.00
Current Scheduled Payments 5 Month Prior							0.00
Current Scheduled Payments 6 Month Prior							0.00
Current Scheduled Payments 7 Month Prior							0.00
Current Scheduled Payments 8 Month Prior							0.00
Current Scheduled Payments 9 Month Prior							0.00
Current Scheduled Payments 10 Month Prior							0.00
Current Scheduled Payments 11 Month Prior							0.00

Delinquent 60+ Scheduled Payments							13,793.54
Delinq. 60+ Sched. Pmnts, 1 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 2 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 3 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 4 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 5 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior							0.00





Page 23 of 23

GSAMP Trust 2006-S5 10-D/A