8-K 1 gsr7_aug04.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): August 25, 2004 GS MORTGAGE SECURITIES CORP (as Depositor under the Trust Agreement, dated as of June 1, 2004 providing for the issuance of GSR Mortgage Loan Trust 2004-7 Mortgage Pass-Through Certificates Series 2004-7) GS MORTGAGE SECURITIES CORP (Exact name of registrant as specified in its charter) Delaware 333-100818-37 13-6357101 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) 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.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.1 Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of GSR Mortgage Loan Trust 2004-7 Mortgage Pass-Through Certificates, Series 2004-7 pursuant to the terms of the Trust Agreement, dated as of June 1, 2004 among GS Mortgage Securities Corp., as Depositor, and JPMorgan Chase Bank, as Trustee and Custodian. On August 25, 2004 distributions were made to the Certificateholders. Specific information with respect to the distributions is filed as Exhibit 99.1. Item 9.1 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 August 25, 2004 is filed as Exhibit 99.1 hereto. GSR Mortgage Loan Trust 2004-7 Mortgage Pass-Through Certificates, Series 2004-7 ---------------------------------------------------------------------------- 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, not in its individual capacity but solely as Trustee and Custodian under the Agreement referred to herein Date: September 1, 2004 By: /s/ Mary Fonti -------------------------------------------- Mary Fonti Vice President EXHIBIT INDEX Exhibit Description 99.1 Monthly Certificateholder Statement on August 25, 2004 Exhibit 99.1 Monthly Certificateholder Statement on August 25, 2004 GSR Mortgage Loan Trust Series 2004-7 Statement To Certificateholders August 25, 2004 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- Original Beginning Ending Face Principal Realized Deferred Principal Class Value Balance Principal Interest Total Losses Interest Balance ---------------------------------------------------------------------------------------------------------------------------------- IA1 125,590,000.00 121,803,231.71 2,889,392.09 353,366.68 3,242,758.77 0.00 0.00 118,913,839.62 IA2 12,560,000.00 12,181,293.02 288,962.22 35,339.48 324,301.70 0.00 0.00 11,892,330.80 IA3 105,000,000.00 101,834,057.88 2,415,687.31 295,433.56 2,711,120.87 0.00 0.00 99,418,370.57 IIA1 99,089,000.00 99,011,282.05 99,037.99 345,782.07 444,820.06 0.00 0.00 98,912,244.06 IIIA1 237,742,000.00 237,259,471.94 220,371.15 778,845.86 999,217.01 0.00 0.00 237,039,100.79 IVA1 96,059,000.00 95,948,333.50 64,515.86 389,608.04 454,123.90 0.00 0.00 95,883,817.64 B1 11,899,000.00 11,892,274.87 6,804.91 39,086.54 45,891.45 0.00 0.00 11,885,469.96 B2 4,899,000.00 4,896,231.16 2,801.68 16,092.53 18,894.21 0.00 0.00 4,893,429.48 B3 2,099,000.00 2,097,813.68 1,200.39 6,894.92 8,095.31 0.00 0.00 2,096,613.29 B4 2,100,000.00 2,098,813.11 1,200.97 6,898.20 8,099.17 0.00 0.00 2,097,612.14 B5 1,749,000.00 1,748,011.49 1,000.23 5,745.22 6,745.45 0.00 0.00 1,747,011.26 B6 1,050,537.00 1,049,943.25 600.79 3,450.87 4,051.66 0.00 0.00 1,049,342.46 R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTALS 699,836,637.00 691,820,757.66 5,991,575.59 2,276,543.97 8,268,119.56 0.00 0.00 685,829,182.07 --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------- 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 (%) --------------------------------------------------------------------------------------------------- --------------------------- IA1 36228F4P8 969.84817032 23.00654582 2.81365300 25.82019882 946.84162449 IA1 3.481353 % IA2 36228F5Q5 969.84817038 23.00654618 2.81365287 25.82019904 946.84162420 IA2 3.481353 % IA3 36228F5R3 969.84817029 23.00654581 2.81365295 25.82019876 946.84162448 IA3 3.481353 % IIA1 36228F4Q6 999.21567530 0.99948521 3.48961106 4.48909627 998.21619009 IIA1 4.190820 % IIIA1 36228F4R4 997.97037099 0.92693403 3.27601290 4.20294693 997.04343696 IIIA1 3.939211 % IVA1 36228F4S2 998.84793200 0.67162744 4.05592438 4.72755182 998.17630456 IVA1 4.872723 % B1 36228F4T0 999.43481553 0.57188923 3.28485923 3.85674847 998.86292630 B1 3.944060 % B2 36228F4U7 999.43481527 0.57188814 3.28486018 3.85674832 998.86292713 B2 3.944060 % B3 36228F4V5 999.43481658 0.57188661 3.28485946 3.85674607 998.86292997 B3 3.944060 % B4 36228F5S1 999.43481429 0.57189048 3.28485714 3.85674762 998.86292381 B4 3.944060 % B5 36228F5T9 999.43481418 0.57188679 3.28485992 3.85674671 998.86292739 B5 3.944060 % B6 36228F5U6 999.43481286 0.57188847 3.28486288 3.85675136 998.86292439 B6 3.944060 % R 36228F4W3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 4.190820 % TOTALS 988.54607073 8.56139172 3.25296483 11.81435656 979.98467901 ------------------------------------------------------------------------------------------------------- ---------------------- 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 Ending Scheduled Principal Balance of Each Pool of Mortgage Loans Pool 1 Mortgage Loans 238,774,223.96 Pool 2 Mortgage Loans 102,396,325.73 Pool 3 Mortgage Loans 245,397,047.72 Pool 4 Mortgage Loans 99,261,584.34 Sec. 4.01(c) Available Distribution Amount 8,268,119.57 Total Principal Distribution Amount 5,991,575.59 Scheduled Principal Amount 396,284.63 Principal Prepayment Amount 5,595,290.96 Sec. 4.01(e) Principal Prepayments Class 1A1 Payoff in Full 2,418,827.35 Partial Prepayments 408,294.64 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 1A1 Prepayments 2,827,121.99 Class 1A2 Payoff in Full 241,901.99 Partial Prepayments 40,832.71 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 1A2 Prepayments 282,734.71 Class 1A3 Payoff in Full 2,022,269.86 Partial Prepayments 341,356.30 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 1A3 Prepayments 2,363,626.15 Class 2A1 Payoff in Full 0.00 Partial Prepayments 36,833.07 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 2A1 Prepayments 36,833.07 Class 3A1 Payoff in Full 0.00 Partial Prepayments 66,535.20 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 3A1 Prepayments 66,535.20 Class 4A1 Payoff in Full 0.00 Partial Prepayments 18,439.84 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 4A1 Prepayments 18,439.84 Class B1 Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class B1 Prepayments 0.00 Class B2 Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class B2 Prepayments 0.00 Class B3 Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class B3 Prepayments 0.00 Class B4 Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class B4 Prepayments 0.00 Class B5 Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class B5 Prepayments 0.00 Class B6 Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class B6 Prepayments 0.00 Class R Payoff in Full 0.00 Partial Prepayments 0.00 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Total Class 1A1 Prepayments 0.00 Sec. 4.01(f) Interest Payment Class 1A1 Accrued and Paid for Current Month 353,366.68 Accrued and Paid from Prior Months 0.00 Class 1A2 Accrued and Paid for Current Month 35,339.48 Accrued and Paid from Prior Months 0.00 Class 1A3 Accrued and Paid for Current Month 295,433.56 Accrued and Paid from Prior Months 0.00 Class 2A1 Accrued and Paid for Current Month 345,782.07 Accrued and Paid from Prior Months 0.00 Class 3A1 Accrued and Paid for Current Month 778,845.86 Accrued and Paid from Prior Months 0.00 Class 4A1 Accrued and Paid for Current Month 389,608.04 Accrued and Paid from Prior Months 0.00 Class B1 Accrued and Paid for Current Month 39,086.54 Accrued and Paid from Prior Months 0.00 Class B2 Accrued and Paid for Current Month 16,092.53 Accrued and Paid from Prior Months 0.00 Class B3 Accrued and Paid for Current Month 6,894.92 Accrued and Paid from Prior Months 0.00 Class B4 Accrued and Paid for Current Month 6,898.20 Accrued and Paid from Prior Months 0.00 Class B5 Accrued and Paid for Current Month 5,745.22 Accrued and Paid from Prior Months 0.00 Class B6 Accrued and Paid for Current Month 3,450.87 Accrued and Paid from Prior Months 0.00 Sec. 4.01(g) Fees Servicer Fee Paid 308,231.49 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) Administrator 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 953 Balance of Outstanding Mortgage Loans 685,829,181.75 Sec. 4.01(l) Number and Balance of Delinquent Loans Group 1 Principal Period Number Balance Percentage 0-29 days 526 238,441,783.78 99.86 % 30-59 days 1 332,440.18 0.14 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 527 238,774,223.96 100.00 % Group 2 Principal Period Number Balance Percentage 0-29 days 252 102,396,325.73 100.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 252 102,396,325.73 100.00 % Group 3 Principal Period Number Balance Percentage 0-29 days 471 245,397,047.72 100.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 471 245,397,047.72 100.00 % Group 4 Principal Period Number Balance Percentage 0-29 days 174 99,261,584.34 100.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 174 99,261,584.34 100.00 % Group Totals Principal Period Number Balance Percentage 0-29 days 1,423 685,496,741.57 99.95 % 30-59 days 1 332,440.18 0.05 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+days 0 0.00 0.00 % Total 1,424 685,829,181.75 100.00 % Sec. 4.01(l) 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 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 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 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 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 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 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 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 Payments Scheduled Principal 396,284.63 Payoffs 4,682,999.20 Prepayments 912,291.76 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 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 Class 1A1 0.00 Class 1A2 0.00 Class 1A3 0.00 Class 2A1 0.00 Class 3A1 0.00 Class 4A1 0.00 Class B1 0.00 Class B2 0.00 Class B3 0.00 Class B4 0.00 Class B5 0.00 Class B6 0.00 Sec. 4.01(s) Group I Senior Percentage 96.499600 % Senior Prepayment Percentage 100.000000 % Subordinate Percentage 3.500400 % Subordinate Prepayment Percentage 0.000000 % Sec. 4.01(s) Group II Senior Percentage 96.598700 % Senior Prepayment Percentage 100.000000 % Subordinate Percentage 3.401300 % Subordinate Prepayment Percentage 0.000000 % Sec. 4.01(s) Group III Senior Percentage 96.595000 % Senior Prepayment Percentage 100.000000 % Subordinate Percentage 3.405000 % Subordinate Prepayment Percentage 0.000000 % Sec. 4.01(s) Group IV Senior Percentage 96.597700 % Senior Prepayment Percentage 100.000000 % Subordinate Percentage 3.402300 % Subordinate Prepayment Percentage 0.000000 % Group Data Beginning Collateral Balance Group 1 244,372,638.72 Beginning Collateral Balance Group 2 102,497,554.01 Beginning Collateral Balance Group 3 245,622,841.57 Beginning Collateral Balance Group 4 99,327,723.04 Beginning Net Wac Group 1 3.48135 Beginning Net Wac Group 2 4.19082 Beginning Net Wac Group 3 3.93921 Beginning Net Wac Group 4 4.87272 Ending Net Wac Group 1 3.47470 Ending Net Wac Group 2 4.19084 Ending Net Wac Group 3 3.93927 Ending Net Wac Group 4 4.87275 Servicer Fee Group 1 112,670.27 Servicer Fee Group 2 21,353.66 Servicer Fee Group 3 153,514.28 Servicer Fee Group 4 20,693.28 WAM Group 1 356.01 WAM Group 2 355.49 WAM Group 3 356.56 WAM Group 4 356.54 Losses Group 1 0.00 Losses Group 2 0.00 Losses Group 3 0.00 Losses Group 4 0.00 Scheduled Principal Group 1 124,931.91 Scheduled Principal Group 2 64,395.21 Scheduled Principal Group 3 159,258.65 Scheduled Principal Group 4 47,698.86

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) June 30, 2004

GS Mortgage Securities Corp.

(Exact Name of Registrant as Specified in its Charter)

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

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 2004-7 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 $694,937,100 aggregate principal amount of Class 1A1, Class 1A2, Class 1A3, Class 2A1, Class 3A1, Class 4A1, Class B1, Class B2 and Class B3 Certificates (the “Publicly Offered Certificates”) on June 30, 2004. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated March 24, 2004, as supplemented by the Prospectus Supplement dated June 23, 2004, 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 June 1, 2004, between GS Mortgage Securities Corp., as depositor, and JP Morgan Chase Bank, as trustee and custodian, which incorporates by reference the Standard Terms to Trust Agreement, June 2004 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 hybrid adjustable-rate, amortizing mortgage loans secured by first liens on one- to four-family residential properties with an aggregate outstanding principal balance of approximately $699,836,637 as of June 1, 2004, 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:

	4.5.1		Trust Agreement, dated as of June 1, 2004, between GS Mortgage Securities Corp. and JP Morgan Chase Bank, as trustee and custodian
	4.5.2		Standard Terms to Trust Agreement (June 2004 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/ Howard Altarescu Name: Howard Altarescu Title: Vice President

Dated: June 30, 2004

EXHIBIT INDEX

Exhibit No.

Description

Trust Agreement, dated as of June 1, 2004, between GS Mortgage Securities Corp. and JPMorgan Chase Bank, as trustee and custodian

Standard Terms to Trust Agreement (June 2004 Edition)

Form of Publicly Offered Certificate

Filing Compare · GS MORTGAGE SECURITIES CORP GSR TRUST 2004-7