8-K 1 gsr5f_june03.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Sec. 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 25, 2003 GS MORTGAGE SECURITIES CORP (as Depositor under the Trust Agreement, dated as of May 1, 2003 providing for the issuance of GSR Mortgage Loan Trust 2003-5F Mortgage Pass-Through Certificates, Series 2003-5F) GS MORTGAGE SECURITIES CORP (Exact name of registrant as specified in its charter) Delaware 333-100818-10 13-6357101 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation or organization) Identification No.) 85 Broad Street New York, NY 10004 (Address of principal executive offices) Registrant's telephone number, including area code : (212) 902-1000 N/A (Former name or former address, if changed since last report.) Item 5. Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of GSR Mortgage Loan Trust 2003-5F Mortgage Pass-Through Certificates, Series 2003-5F pursuant to the terms of the Trust Agreement, dated as of May 1, 2003 among GS Mortgage Securities Corp., as Depositor, Wells Fargo Home Mortgage, Inc. and ABN AMRO Mortgage Inc. as Servicers, and JPMorgan Chase Bank, as Trustee. On June 25, 2003 distributions were made to the Certificateholders. Specific information with respect to the distributions is filed as Exhibit 99.1. No other reportable transactions or matters have occurred during the current reporting period. Item 7. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) The following exhibit is filed as part of this report: Statement to Certificateholders on June 25, 2003 is filed as Exhibit 99.1 hereto. -2- GS MORTGAGE SECURITIES CORP GSR Mortgage Loan Trust 2003-5F Mortgage Pass-Through Certificates, Series 2003-5F ---------------------------------------------------------------------------- SIGNATURE 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. JPMORGAN CHASE BANK Date: June 30, 2003 By: /s/ Andreas Auer -------------------------------------------- Andreas Auer Vice President -3- INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Certificateholder Statement on June 25, 2003 Exhibit 99.1 Monthly Certificateholder Statement on June 25, 2003 GSR MORTGAGE LOAN TRUST 2003-5F STATEMENT TO CERTIFICATEHOLDERS June 25, 2003 ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ----------------------------------------------------------------------------------------------------------------------------------- Original Beginning Ending Face Principal Realized Deferred Principal Class Value Balance Principal Interest Total Losses Interest Balance ----------------------------------------------------------------------------------------------------------------------------------- IA_1 100,000,000.00 100,000,000.00 1,035,350.63 249,980.74 1,285,331.37 0.00 0.00 98,964,649.37 IA_3 168,194,400.00 168,194,400.00 41,422,941.92 344,771.95 41,767,713.87 0.00 0.00 126,771,458.08 IA_4 42,048,600.00 42,048,600.00 10,355,735.48 706,362.05 11,062,097.53 0.00 0.00 31,692,864.52 IIA_1 126,000,000.00 126,000,000.00 1,508,518.99 419,967.64 1,928,486.63 0.00 0.00 124,491,481.01 IIA_3 96,741,600.00 96,741,600.00 23,867,912.55 198,305.00 24,066,217.55 0.00 0.00 72,873,687.45 IIA_4 24,185,400.00 24,185,400.00 5,966,978.14 406,283.41 6,373,261.55 0.00 0.00 18,218,421.86 IIA_P 116,091.00 116,091.00 734.77 0.00 734.77 0.00 0.00 115,356.23 B1 7,740,000.00 7,740,000.00 7,281.51 38,697.02 45,978.53 0.00 0.00 7,732,718.49 B2 3,440,000.00 3,440,000.00 3,236.23 17,198.67 20,434.90 0.00 0.00 3,436,763.77 B3 2,006,000.00 2,006,000.00 1,887.17 10,029.23 11,916.40 0.00 0.00 2,004,112.83 B4 1,146,000.00 1,146,000.00 1,078.11 5,729.56 6,807.67 0.00 0.00 1,144,921.89 B5 860,000.00 860,000.00 809.06 4,299.67 5,108.73 0.00 0.00 859,190.94 B6 862,204.63 862,204.63 811.13 4,310.69 5,121.82 0.00 0.00 861,393.50 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTALS 573,340,295.63 573,340,295.63 84,173,275.69 2,405,935.63 86,579,211.32 0.00 0.00 489,167,019.94 IA_2 50,000,000.00 50,000,000.00 0.00 249,980.74 249,980.74 0.00 0.00 49,482,324.69 IIA_2 42,000,000.00 42,000,000.00 0.00 209,983.82 209,983.82 0.00 0.00 41,497,160.34 A_X 57,568,370.00 57,568,370.00 0.00 311,804.64 311,804.64 0.00 0.00 48,984,979.56 ---------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------- Factor Information Per $1,000 of Original Face Pass-through Rates --------------------------------------------------------------------------------------------------- --------------------------- Current Beginning Ending Class Pass-thru Class cusip Principal Principal Interest Total Principal Rate (%) --------------------------------------------------------------------------------------------------- --------------------------- IA_1 36228FTD8 1,000.00000000 10.35350630 2.49980740 12.85331370 989.64649370 IA_1 3.000000 % IA_3 36228FTF3 1,000.00000000 246.28014916 2.04984203 248.32999119 753.71985084 IA_3 2.460000 % IA_4 36228FTG1 1,000.00000000 246.28014916 16.79870555 263.07885471 753.71985084 IA_4 20.160000 % IIA_1 36228FTH9 1,000.00000000 11.97237294 3.33307651 15.30544944 988.02762706 IIA_1 4.000000 % IIA_3 36228FTK2 1,000.00000000 246.71819104 2.04984205 248.76803309 753.28180896 IIA_3 2.460000 % IIA_4 36228FTL0 1,000.00000000 246.71819114 16.79870542 263.51689656 753.28180886 IIA_4 20.160000 % IIA_P 36228FTM8 1,000.00000000 6.32925894 0.00000000 6.32925894 993.67074106 IIA_P 0.000000 % B1 36228FTP1 1,000.00000000 0.94076357 4.99961499 5.94037855 999.05923643 B1 6.000000 % B2 36228FTQ9 1,000.00000000 0.94076453 4.99961337 5.94037791 999.05923547 B2 6.000000 % B3 36228FTR7 1,000.00000000 0.94076271 4.99961615 5.94037886 999.05923729 B3 6.000000 % B4 36229RJQ3 1,000.00000000 0.94075916 4.99961606 5.94037522 999.05924084 B4 6.000000 % B5 36229RJR1 1,000.00000000 0.94076744 4.99961628 5.94038372 999.05923256 B5 6.000000 % B6 36229RJS9 1,000.00000000 0.94076275 4.99961361 5.94037636 999.05923725 B6 6.000000 % TOTALS 1,000.00000000 146.81207013 4.19634840 151.00841853 853.18792987 IA_2 36228FTE6 1,000.00000000 0.00000000 4.99961480 4.99961480 989.64649380 IA_2 6.000000 % IIA_2 36228FTJ5 1,000.00000000 0.00000000 4.99961476 4.99961476 988.02762714 IIA_2 6.000000 % A_X 36228FTN6 1,000.00000000 0.00000000 5.41624924 5.41624924 850.90092980 A_X 6.500000 % ----------------------------------------------------------------------------------------------------- ---------------------------- If there are any questions or comments, please contact the Relationship Manager listed below. -------------------------------------- Belen Bautista JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th Floor, New York, New York 10004 Tel: (212) 623-4497 Fax: (212) 623-5930 --------------------------------------- Sec. 4.01(b) Aggregate Schedule Principal Balance of Each Pool of Mortgage Loans Pool 1 Mortgage Loans 266,358,243.39 Pool 2 Mortgage Loans 222,808,776.67 Sec. 4.01(c) Available Distribution 87,350,980.57 Aggregate Principal Distribution Amount 84,173,275.69 Principal Prepayment Amount 83,633,883.80 Sec. 4.01(e) Unscheduled Principal By Group Group 1 52,525,239.78 Group 2 31,108,644.02 Sec. 4.01(f) Interest Payment Class IA-1 Accrued and Paid for Current Month 249,980.74 Accrued and Paid from Prior Months 0.00 Class IA-2 Accrued and Paid for Current Month 249,980.74 Accrued and Paid from Prior Months 0.00 Class IA-3 Accrued and Paid for Current Month 344,771.95 Accrued and Paid from Prior Months 0.00 Class IA-4 Accrued and Paid for Current Month 706,362.05 Accrued and Paid from Prior Months 0.00 Class IIA-1 Accrued and Paid for Current Month 419,967.64 Accrued and Paid from Prior Months 0.00 Class IIA-2 Accrued and Paid for Current Month 209,983.82 Accrued and Paid from Prior Months 0.00 Class IIA-3 Accrued and Paid for Current Month 198,305.00 Accrued and Paid from Prior Months 0.00 Class IIA-4 Accrued and Paid for Current Month 406,283.41 Accrued and Paid from Prior Months 0.00 Class A-X Accrued and Paid for Current Month 311,804.64 Accrued and Paid from Prior Months 0.00 Class B1 Accrued and Paid for Current Month 38,697.02 Accrued and Paid from Prior Months 0.00 Class B2 Accrued and Paid for Current Month 17,198.67 Accrued and Paid from Prior Months 0.00 Class B3 Accrued and Paid for Current Month 10,029.23 Accrued and Paid from Prior Months 0.00 Class B4 Accrued and Paid for Current Month 5,729.56 Accrued and Paid from Prior Months 0.00 Class B5 Accrued and Paid for Current Month 4,299.67 Accrued and Paid from Prior Months 0.00 Class B6 Accrued and Paid for Current Month 4,310.69 Accrued and Paid from Prior Months 0.00 Sec. 4.01(g) Trust Fees Servicer Fee Paid 119,445.89 Trustee Fee Paid 1,194.46 Sec. 4.01(h) Monthly Advances Current Period Advances 0.00 Current Period Reimbursed Advances 0.00 Aggregate Unreimbursed Advances 0.00 Sec. 4.01(i) Trustee Advances Current Period Advances 0.00 Current Period Reimbursed Advances 0.00 Aggregate Unreimbursed Advances 0.00 Sec. 4.01(k) Number of Outstanding Mortgage Loans 1,132 Balance of Outstanding Mortgage Loans 489,167,020.06 Sec. 4.01(l) Number and Balance of Delinquent Loans Group 1 Principal Period Number Balance Percentage 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90+days 0 0.00 0.00 % Total 0 0.00 0.00 % Group 2 Principal Period Number Balance Percentage 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90+days 0 0.00 0.00 % Total 0 0.00 0.00 % Group Totals Principal Period Number Balance Percentage 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90+days 0 0.00 0.00 % Total 0 0.00 0.00 % Sec. 4.01(l) Number and Balance of REO Loans Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00% Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Sec. 4.01(l) Number and Balance of Loans in Bankruptcy Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Sec. 4.01(m) Number and Balance of Loans in Foreclosure Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00% Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Sec. 4.01(o) Aggregate Principal Payment Scheduled Principal 539,391.89 Payoffs 83,210,256.29 Prepayments 423,627.51 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Realized Losses Group 1 0.00 Realized Losses Group 2 0.00 Realized Gains 0.00 Sec. 4.01(p) Aggregate Amount of Mortgage Loans Repurchased 0.00 Sec. 4.01(q) Aggregate Amount of Shortfall Allocated for Current Period 244.86 Class IA-1 19.26 Class IA-2 19.26 Class IA-3 26.57 Class IA-4 54.43 Class IIA-1 32.36 Class IIA-2 16.18 Class IIA-3 15.28 Class IIA-4 31.31 Class B1 2.98 Class B2 1.33 Class B3 0.77 Class B4 0.44 Class B5 0.33 Class B6 0.33 Class A-X 24.03 Sec. 4.01(s) Group I Senior Percentage I 97.1998 % Senior Prepayment Percentage I 100.0000 % Subordinate Percentage I 2.8002 % Subordinate Prepayment Percentage I 0.0000 % Sec. 4.01(s) Group II Senior Percentage II 97.1987 % Senior Prepayment Percentage II 100.0000 % Subordinate Percentage II 2.8013 % Subordinate Prepayment Percentage II 0.0000 % Aggregate Scheduled Principal 539,391.89 Unscheduled Principal 83,633,883.80 Beginning Balance 573,340,295.75 Ending Balance 489,167,020.06 Net Wac 6.65144 Weighted Averge Maturity 346.00 Groups Net Wac Group 1 6.77473 Net Wac Group 2 6.49661 Wam Group 1 346.00 Wam Group 2 347.00 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES AND EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

May 30, 2003

GS Mortgage Securities Corp.

(Exact Name of Registrant as Specified in its Charter)

Delaware	333-100818	13-6357101
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
85 Broad Street New York, New York		10004
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 902-1000

None

(Former Name or Former Address, if Changed Since Last Report)

Item 5. Other Events.

The Registrant registered issuances of Mortgage Pass-Through Certificates, Series 2003-5F on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended, by a Registration Statement on Form S-3 (Registration File No. 333-100818) (the “Registration Statement”). Pursuant to the Registration Statement, the Registrant issued $570,472,091 aggregate principal amount of Class IA-1, Class IA-2, Class IA-3, Class IA-4, Class IIA-1, Class IIA-2, Class IIA-3, Class IIA-4, Class IIA-P, Class A-X, Class B1, Class B2 and Class B3 Certificates (the “Publicly Offered Certificates”) on May 30, 2003. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated May 22, 2003, as supplemented by the Prospectus Supplement dated May 27, 2003, to file a copy of the Trust Agreement (as defined below) and other operative agreements executed in connection with the issuance of the Publicly Offered Certificates, a form of which was filed as an exhibit to the Registration Statement.

The Publicly Offered Certificates were issued pursuant to a Trust Agreement (the “Trust Agreement”), attached hereto as Exhibit 4.5.1, dated as of May 1, 2003, between GS Mortgage Securities Corp., as depositor, and JPMorgan Chase Bank, as Trustee, which incorporates by reference the Standard Terms to Trust Agreement, May 2003 Edition (the “Standard Terms”), attached hereto as Exhibit 4.5.2. The “Certificates” consist of the Publicly Offered Certificates and the Class B4, Class B5, Class B6 and Class R Certificates. The Certificates evidence all of the beneficial ownership interest in a trust fund that consists primarily of a pool of certain conventional, fixed rate, residential mortgage loans with an aggregate outstanding principal balance of approximately $573,340,296 as of May 1, 2003, together with certain other assets. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Trust Agreement and the Standard Terms.

Item 7. Financial Statements; Pro Forma Financial Information and Exhibits

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

1.1

Purchase Agreement, dated as of May 27, 2003, among Goldman, Sachs & Co., GS Mortgage Securities Corp. and Goldman Sachs Mortgage Company.

4.5.1

Trust Agreement, dated as of May 1, 2003, between GS Mortgage Securities Corp., as Depositor, and JPMorgan Chase Bank, as Trustee.

4.5.2

Standard Terms to Trust Agreement (May 2003 Edition)

4.6

Form of Publicly Offered Certificate

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GS MORTGAGE SECURITIES CORP.

By: /s/ Marvin J. Kabatznick

Name: Marvin J. Kabatznick

Title: President/CEO

Dated: May 29, 2003

EXHIBIT INDEX

Exhibit No.

Description

Page No.

1.1

Purchase Agreement, dated as of May 27, 2003, among Goldman, Sachs & Co., GS Mortgage Securities Corp. and Goldman Sachs Mortgage Company

4.5.1

Trust Agreement, dated as of May 1, 2003, between GS Mortgage Securities Corp., as Depositor, and JPMorgan Chase Bank, as Trustee.

4.5.2

Standard Terms to Trust Agreement (May 2003 Edition)

4.6

Form of Publicly Offered Certificate

Filing Compare · GS MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-5F