8-K 1 gsp04fm1_nov.txt NOVEMBER 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): November 26, 2004 GOLDMAN SACHS MORTGAGE SECURITIES CORP. Mortgage Pass-Through Certificates, Series 2004-FM1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100818-21 54-2142330 Pooling and Servicing Agreement) (Commission 54-2142331 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, 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) 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 (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 8.01 Other Events On November 26, 2004 a distribution was made to holders of GOLDMAN SACHS MORTGAGE SECURITIES CORP., Mortgage Pass-Through Certificates, Series 2004-FM1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FM1 Trust, relating to the November 26, 2004 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. GOLDMAN SACHS MORTGAGE SECURITIES CORP. Mortgage Pass-Through Certificates, Series 2004-FM1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FM1 Trust, relating to the November 26, 2004 distribution. EX-99.1

GS Mortgage Securities Corp Mortgage Pass-Through Certificates Record Date: 710/31/2004 Distribution Date: 811/2526/2004 GSP Series: 2004-FM1 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 36228FZH2 SEN 12.~~81000~~29250% ~~315~~251,~~067~~211,~~730~~008.8793 ~~475~~511,~~227~~912.1723 1921,~~118~~073,~~016~~923.4913 A-2A 36228FZJ8 SEN 12.~~68000~~16250% ~~149~~113,~~974~~717,~~950~~583.5012 ~~209~~218,~~964~~590.9347 1114,~~325~~520,~~337~~497.4281 A-2B 36228FZR0 SEN 12.~~95000~~43250% 45,858,000.00 7499,~~519~~155.2519 0.00 M-1 36228FZK5 MEZ 2.~~10000~~58250% 49,959,000.00 87114,~~428~~683.2566 0.00 M-2 36228FZL3 MEZ 23.~~85000~~33250% 42,273,000.00 ~~100~~125,~~398~~222.3802 0.00 M-3 36228FZM1 MEZ 3.~~05000~~53250% 13,450,000.00 3442,~~185~~233.4200 0.00 B-1 36228FZN9 SUB 3.~~20000~~68250% 11,529,000.00 3037,~~744~~738.0026 0.00 B-2 36228FZP4 SUB 3.~~40000~~88250% 11,529,000.00 3239,~~665~~787.5086 0.00 B-3 36228FZQ2 SUB 5.~~45000~~93250% 11,529,000.00 5260,~~360~~796.8826 0.00 X 36228FZU3 SEN 0.00000% 17,293,429.89 21,~~612~~907,~~771~~675.9439 0.00 P 36228FZS8 SEN 0.00000% 0.00 ~~699~~696,~~420~~536.9224 0.00 UT-R GSP04FM1R RES 0.00000% 0.00 0.00 0.00 Totals ~~668~~568,~~463~~349,~~111~~021.2694 43,~~409~~854,~~686~~330.6458 3035,~~443~~594,~~353~~420.9194

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~295~~230,~~949~~137,~~714~~085.3880 1921,~~593~~585,~~243~~835.6636 0.00 A-2A 0.00 ~~138~~99,~~649~~197,~~613~~085.0831 1114,~~535~~739,~~302~~088.3528 0.00 A-2B 0.00 45,858,000.00 7499,~~519~~155.2519 0.00 M-1 0.00 49,959,000.00 87114,~~428~~683.2566 0.00 M-2 0.00 42,273,000.00 ~~100~~125,~~398~~222.3802 0.00 M-3 0.00 13,450,000.00 3442,~~185~~233.4200 0.00 B-1 0.00 11,529,000.00 3037,~~744~~738.0026 0.00 B-2 0.00 11,529,000.00 3239,~~665~~787.5086 0.00 B-3 0.00 11,529,000.00 5260,~~360~~796.8826 0.00 X 0.00 17,293,429.89 21,~~612~~907,~~771~~675.9439 0.00 P 0.00 0.00 ~~699~~696,~~420~~536.9224 0.00 UT-R 0.00 0.00 0.00 0.00 Totals 0.00 ~~638~~532,~~019~~754,~~757~~601.3500 3439,~~853~~448,~~040~~751.5552 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-1 374,015,000.00 ~~315~~251,~~067~~211,~~730~~008.8793 0.00 1921,~~118~~073,~~016~~923.4913 0.00 0.00 A-2A 191,161,000.00 ~~149~~113,~~974~~717,~~950~~583.5012 0.00 1114,~~325~~520,~~337~~497.4281 0.00 0.00 A-2B 45,858,000.00 45,858,000.00 0.00 0.00 0.00 0.00 M-1 49,959,000.00 49,959,000.00 0.00 0.00 0.00 0.00 M-2 42,273,000.00 42,273,000.00 0.00 0.00 0.00 0.00 M-3 13,450,000.00 13,450,000.00 0.00 0.00 0.00 0.00 B-1 11,529,000.00 11,529,000.00 0.00 0.00 0.00 0.00 B-2 11,529,000.00 11,529,000.00 0.00 0.00 0.00 0.00 B-3 11,529,000.00 11,529,000.00 0.00 0.00 0.00 0.00 X 17,293,884.22 17,293,429.89 0.00 0.00 0.00 0.00 17,293,884.22 17,293,429.89 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 UT-R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 785,890,768.44 ~~685~~585,~~756~~642,~~541~~451.1583 0.00 3035,~~443~~594,~~353~~420.9194 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 1921,~~118~~073,~~016~~923.4913 ~~295~~230,~~949~~137,~~714~~085.3880 0.~~79127766~~61531512 1921,~~118~~073,~~016~~923.4913 A-2A 1114,~~325~~520,~~337~~497.4281 ~~138~~99,~~649~~197,~~613~~085.0831 0.~~72530282~~51891905 1114,~~325~~520,~~337~~497.4281 A-2B 0.00 45,858,000.00 1.00000000 0.00 M-1 0.00 49,959,000.00 1.00000000 0.00 M-2 0.00 42,273,000.00 1.00000000 0.00 M-3 0.00 13,450,000.00 1.00000000 0.00 B-1 0.00 11,529,000.00 1.00000000 0.00 B-2 0.00 11,529,000.00 1.00000000 0.00 B-3 0.00 11,529,000.00 1.00000000 0.00 X 0.00 17,293,429.89 0.99997373 0.00 X 0.00 17,293,429.89 0.99997373 0.00 P 0.00 0.00 0.00000000 0.00 UT-R 0.00 0.00 0.00000000 0.00 UT-R 0.00 0.00 0.00000000 0.00 Totals 3035,~~443~~594,~~353~~420.9194 ~~655~~550,~~313~~048,~~187~~030.2489 0.~~83384767~~69990392 3035,~~443~~594,~~353~~420.9194

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 374,015,000.00 ~~842~~671.~~39330206~~66025141 0.00000000 5156.~~11564106~~34512822 0.00000000 A-2A 191,161,000.00 ~~784~~594.~~54784449~~87857419 0.00000000 5975.~~24502079~~95952004 0.00000000 A-2B 45,858,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 49,959,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 42,273,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 13,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 11,529,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 11,529,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 11,529,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 17,293,884.22 999.97372886 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 UT-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 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 5156.~~11564106~~34512822 ~~791~~615.~~27766100~~31512319 0.~~79127766~~61531512 5156.~~11564106~~34512822 A-2A 0.00000000 5975.~~24502079~~95952004 ~~725~~518.~~30282369~~91905415 0.~~72530282~~51891905 5975.~~24502079~~95952004 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.97372886 0.99997373 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 UT-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 374,015,000.00 12.~~81000~~29250% ~~315~~251,~~067~~211,~~730~~008.8793 ~~475~~511,~~227~~912.1621 0.00 0.00 A-2A 191,161,000.00 12.~~68000~~16250% ~~149~~113,~~974~~717,~~950~~583.5012 ~~209~~218,~~964~~590.9347 0.00 0.00 A-2B 45,858,000.00 12.~~95000~~43250% 45,858,000.00 7499,~~519~~155.2519 0.00 0.00 M-1 49,959,000.00 2.~~10000~~58250% 49,959,000.00 87114,~~428~~683.2566 0.00 0.00 M-2 42,273,000.00 23.~~85000~~33250% 42,273,000.00 ~~100~~125,~~398~~222.3702 0.00 0.00 M-3 13,450,000.00 3.~~05000~~53250% 13,450,000.00 3442,~~185~~233.4200 0.00 0.00 B-1 11,529,000.00 3.~~20000~~68250% 11,529,000.00 3037,~~744~~738.0026 0.00 0.00 B-2 11,529,000.00 3.~~40000~~88250% 11,529,000.00 3239,~~665~~787.5086 0.00 0.00 B-3 11,529,000.00 5.~~45000~~93250% 11,529,000.00 5260,~~360~~796.8826 0.00 0.00 X 17,293,884.22 0.00000% 17,293,429.89 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 UT-R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 768,596,884.22 1,~~097~~250,~~493~~118.7693 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 0.00 0.00 ~~475~~511,~~227~~912.1723 0.00 ~~295~~230,~~949~~137,~~714~~085.3880 A-2A 0.00 0.00 ~~209~~218,~~964~~590.9347 0.00 ~~138~~99,~~649~~197,~~613~~085.0831 A-2B 0.00 0.00 7499,~~519~~155.2519 0.00 45,858,000.00 M-1 0.00 0.00 87114,~~428~~683.2566 0.00 49,959,000.00 M-2 0.00 0.00 ~~100~~125,~~398~~222.3802 0.00 42,273,000.00 M-3 0.00 0.00 3442,~~185~~233.4200 0.00 13,450,000.00 B-1 0.00 0.00 3037,~~744~~738.0026 0.00 11,529,000.00 B-2 0.00 0.00 3239,~~665~~787.5086 0.00 11,529,000.00 B-3 0.00 0.00 5260,~~360~~796.8826 0.00 11,529,000.00 X 0.00 0.00 21,~~612~~907,~~771~~675.9439 0.00 17,293,429.89 P 0.00 0.00 ~~699~~696,~~420~~536.9224 0.00 0.01 UT-R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 43,~~409~~854,~~686~~330.6458 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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-1 374,015,000.00 12.~~81000~~29250% ~~842~~671.~~39330206~~66025141 1.~~27060990~~36869433 0.00000000 0.00000000 A-2A 191,161,000.00 12.~~68000~~16250% ~~784~~594.~~54784449~~87857419 1.~~09836698~~14348884 0.00000000 0.00000000 A-2B 45,858,000.00 12.~~95000~~43250% 1000.00000000 12.~~62500000~~16222229 0.00000000 0.00000000 M-1 49,959,000.00 2.~~10000~~58250% 1000.00000000 12.~~75000000~~29555556 0.00000000 0.00000000 M-2 42,273,000.00 23.~~85000~~33250% 1000.00000000 2.~~37499988~~96222222 0.00000000 0.00000000 M-3 13,450,000.00 3.~~05000~~53250% 1000.00000000 23.~~54166691~~14000000 0.00000000 0.00000000 B-1 11,529,000.00 3.~~20000~~68250% 1000.00000000 23.~~66666667~~27333333 0.00000000 0.00000000 B-2 11,529,000.00 3.~~40000~~88250% 1000.00000000 23.~~83333333~~45111111 0.00000000 0.00000000 B-3 11,529,000.00 5.~~45000~~93250% 1000.00000000 45.~~54166710~~27333333 0.00000000 0.00000000 X 17,293,884.22 0.00000% 999.97372886 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 UT-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 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 0.00000000 0.00000000 1.~~27060992~~36869438 0.00000000 ~~791~~615.~~27766100~~31512319 A-2A 0.00000000 0.00000000 1.~~09836698~~14348884 0.00000000 ~~725~~518.~~30282369~~91905415 A-2B 0.00000000 0.00000000 12.~~62500000~~16222229 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 12.~~75000000~~29555556 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~37500012~~96222222 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~54166691~~14000000 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 23.~~66666667~~27333333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 23.~~83333333~~45111111 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 45.~~54166710~~27333333 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~151~~110.~~08068880~~30924954 0.00000000 999.97372886 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 UT-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,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 3438,~~465~~992,~~628~~105.4790 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(29,861~~0.~~72)~~00 Prepayment Penalties ~~699~~696,~~420~~536.9224 Total Deposits 3539,~~135~~688,~~187~~642.6714 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~282~~239,~~147~~890.1262 Payment of Interest and Principal 3439,~~853~~448,~~040~~751.5552 Total Withdrawals (Pool Distribution Amount) 3539,~~135~~688,~~187~~642.6714 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~278~~236,~~526~~812.2710 Trustee Fee 3,~~620~~078.8552 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~282~~239,~~147~~890.1262

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 1714 41 0 2115 1,~~938~~886,~~125~~875.8958 134,~~034,051~~057.4062 0.00 21,~~972~~920,~~177~~933.2920 30 Days 6478 211 10 0 6789 10,~~231~~416,~~280~~590.9195 81823,~~273~~572.9131 ~~91,110~~0.7600 0.00 1011,~~403~~240,~~665~~163.5826 60 Days 1333 04 119 0 2446 14,~~998~~984,~~877~~375.4511 0113,864.0045 21,~~292~~685,~~305~~681.5226 0.00 46,~~291~~783,~~182~~920.9782 90 Days 127 84 3915 30 6226 ~~728~~944,~~491~~847.3048 ~~659~~464,~~489~~949.1393 62,~~967~~779,~~708~~181.5381 ~~298,779~~0.0300 84,~~654~~188,~~467~~979.9922 120 Days 05 02 010 0 017 0230,099.0018 0211,871.0078 01,938,852.0039 0.00 02,380,823.0035 150 Days 0 02 06 01 09 0.00 0158,956.0060 01,334,913.0083 099,469.0018 01,593,339.0061 180+ Days 01 011 020 06 038 056,941.0097 0981,194.0078 04,485,038.0074 0415,816.0021 05,938,991.0070 Totals 89124 2748 5561 37 ~~174~~240 1216,~~958~~632,~~649~~854.6669 24,~~678~~641,~~888~~285.9343 1012,~~385~~257,~~176~~725.2165 ~~298~~515,~~779~~285.0339 2634,~~321~~047,~~493~~151.8316 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.~~429185~~424371% 0.~~100985~~030312% 0.000000% 0.~~530169~~454683% 0.~~303772~~354173% 0.~~162072~~006393% 0.000000% 0.~~465844~~360566% 30 Days 12.~~615754~~364353% 0.~~050492~~333434% 0.~~025246~~000000% 0.000000% 12.~~691492~~697787% 1.~~603599~~955232% 0.~~012738~~154588% 0.~~014280~~000000% 0.000000% 12.~~630618~~109820% 60 Days 01.~~328200~~000303% 0.~~000000~~121249% 0.~~277708~~272810% 0.000000% 01.~~605908~~394362% 0.~~313294~~935586% 0.~~000000~~021373% 0.~~359284~~316409% 0.000000% 01.~~672578~~273367% 90 Days 0.~~302954~~212186% 0.~~201969~~121249% 0.~~984600~~454683% 0.~~075738~~000000% 10.~~565261~~788118% 0.~~114180~~177351% 0.~~103365~~087273% 10.~~092084~~521663% 0.~~046829~~000000% 10.~~356458~~786287% 120 Days 0.~~000000~~151561% 0.~~000000~~060624% 0.~~000000~~303122% 0.000000% 0.~~000000~~515308% 0.~~000000~~043190% 0.~~000000~~039769% 0.~~000000~~363930% 0.000000% 0.~~000000~~446889% 150 Days 0.000000% 0.~~000000~~060624% 0.~~000000~~181873% 0.~~000000~~030312% 0.~~000000~~272810% 0.000000% 0.~~000000~~029837% 0.~~000000~~250568% 0.~~000000~~018671% 0.~~000000~~299076% 180+ Days 0.~~000000~~030312% 0.~~000000~~333434% 0.~~000000~~606244% 0.~~000000~~181873% 01.~~000000~~151864% 0.~~000000~~010688% 0.~~000000~~184174% 0.~~000000~~841858% 0.~~000000~~078050% 01.~~000000~~114771% Totals 23.~~246907~~758715% 01.~~681646~~454986% 1.~~388538~~849045% 0.~~075738~~212186% 47.~~392830~~274932% 23.~~031073~~122048% 0.~~419876~~871186% 12.~~627720~~300820% 0.~~046829~~096721% 46.~~125498~~390776%

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.~~220637~~174172% Weighted Average Net Coupon 6.~~720637~~674172% Weighted Average Pass-Through Rate 6.~~714137~~667672% Weighted Average Maturity(Stepdown Calculation ) ~~350~~347 Beginning Scheduled Collateral Loan Count 43,~~154~~524 Number Of Loans Paid In Full ~~193~~225 Ending Scheduled Collateral Loan Count 3,~~961~~299 Beginning Scheduled Collateral Balance ~~668~~568,~~463~~349,~~111~~021.2795 Ending Scheduled Collateral Balance ~~638~~532,~~019~~754,~~757~~601.3601 Ending Actual Collateral Balance at 31-~~Jul~~Oct-2004 ~~638~~532,~~019~~754,~~757~~601.3601 Monthly P &I Constant 43,~~650~~942,~~150~~917.7930 Special Servicing Fee 0.00 Prepayment Penalties ~~699~~696,~~420~~536.9224 Realized Loss Amount ~~29,861~~0.7200 Cumulative Realized Loss 59225,~~771~~120.4640 Ending Scheduled Balance for Premium Loans ~~638~~532,~~019~~754,~~757~~601.3601 Scheduled Principal ~~627~~545,~~876~~056.2402 Unscheduled Principal 2935,~~815~~049,~~477~~364.6792

Miscellaneous Reporting Excess Cash Amount 21,~~642~~907,~~633~~851.6687 Extra Principal Amount ~~29,861.72~~0 ~~Specified~~ Overcollateralization Amount 17,293,429.89 Overcollateralization ~~Amount 17,293,429.89 Overcollateralization~~ Deficiency 0.00 Overcollateralization Reduction 0.00 Overcollateralization Increase ~~29,861.72~~0 Senior Enhancement Percentage 2429.~~6955~~5750% Specified Overcollateralization Amount 17,293,429.89 Stepdown Not in Stepdown Trigger Event Not in Trigger Cap Payment 0.00 Dividend Account Balance 0.00 Dividend Deposit 0.00 Dividend Withdrawal 0.00

Filing Compare · GS MORTGAGE SECURITIES CORP MTG PA THR CERT SER 2004-FM1