8-K 1 gsp04fm1_dec.txt DECEMBER 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): December 27, 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 December 27, 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 December 27, 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1

GS Mortgage Securities Corp Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~GSP~~GS Mortgage Securities Corp Mortgage Pass-Through Certificates 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 2.~~29250~~54063% ~~251~~230,~~211~~137,~~008~~085.9380 ~~511~~503,~~912~~485.2381 2119,~~073~~678,~~923~~023.1364 A-2A 36228FZJ8 SEN 2.~~16250~~41063% ~~113~~99,~~717~~197,~~583~~085.1231 ~~218~~205,~~590~~915.4732 1415,~~520~~683,~~497~~389.8155 A-2B 36228FZR0 SEN 2.~~43250~~68063% 45,858,000.00 99105,~~155~~854.1995 0.00 M-1 36228FZK5 MEZ 2.~~58250~~83063% 49,959,000.00 ~~114~~121,~~683~~774.6641 0.00 M-2 36228FZL3 MEZ 3.~~33250~~58063% 42,273,000.00 ~~125~~130,~~222~~341.0220 0.00 M-3 36228FZM1 MEZ 3.~~53250~~78063% 13,450,000.00 4243,~~233~~787.0005 0.00 B-1 36228FZN9 SUB 3.~~68250~~93063% 11,529,000.00 3739,~~738~~022.2631 0.00 B-2 36228FZP4 SUB 34.~~88250~~13063% 11,529,000.00 3941,~~787~~007.86 0.00 B-3 36228FZQ2 SUB 56.~~93250~~18063% 11,529,000.00 6061,~~796~~359.2675 0.00 X 36228FZU3 SEN 0.00000% 17,293,429.89 1,~~907~~611,~~675~~952.3983 0.00 P 36228FZS8 SEN 0.00000% 0.00 ~~696~~732,~~536~~559.2491 0.00 UT-R GSP04FM1R ~~RES~~SEN 0.00000% 0.00 0.00 0.00 Totals ~~568~~532,~~349~~754,~~021~~601.9400 3,~~854~~597,~~330~~061.5840 35,~~594~~361,~~420~~413.9419

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~230~~210,~~137~~459,~~085~~062.8016 2120,~~585~~181,~~835~~509.3645 0.00 A-2A 0.00 9983,~~197~~513,~~085~~695.3177 1415,~~739~~889,~~088~~304.2887 0.00 A-2B 0.00 45,858,000.00 99105,~~155~~854.1995 0.00 M-1 0.00 49,959,000.00 ~~114~~121,~~683~~774.6641 0.00 M-2 0.00 42,273,000.00 ~~125~~130,~~222~~341.0220 0.00 M-3 0.00 13,450,000.00 4243,~~233~~787.0005 0.00 B-1 0.00 11,529,000.00 3739,~~738~~022.2631 0.00 B-2 0.00 11,529,000.00 3941,~~787~~007.86 0.00 B-3 0.00 11,529,000.00 6061,~~796~~359.2675 0.00 X 0.00 17,293,429.89 1,~~907~~611,~~675~~952.3983 0.00 P 0.00 0.00 ~~696~~732,~~536~~559.2491 0.00 UT-R 0.00 0.00 0.00 0.00 Totals 0.00 ~~532~~497,~~754~~393,~~601~~187.0082 3938,~~448~~958,~~751~~474.5259 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 ~~251~~230,~~211~~137,~~008~~085.9380 0.00 2119,~~073~~678,~~923~~023.1364 0.00 0.00 A-2A 191,161,000.00 ~~113~~99,~~717~~197,~~583~~085.1231 0.00 1415,~~520~~683,~~497~~389.8155 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~~768,~~890~~596,~~768~~884.4422 ~~585~~532,~~642~~754,~~451~~601.8300 0.00 35,~~594~~361,~~420~~413.9419 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 2119,~~073~~678,~~923~~023.1364 ~~230~~210,~~137~~459,~~085~~062.8016 0.~~61531512~~56270220 2119,~~073~~678,~~923~~023.1364 A-2A 1415,~~520~~683,~~497~~389.8155 9983,~~197~~513,~~085~~695.3177 0.~~51891905~~43687622 1415,~~520~~683,~~497~~389.8155 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 35,~~594~~361,~~420~~413.9419 ~~550~~497,~~048~~393,~~030~~187.8982 0.~~69990392~~64714442 35,~~594~~361,~~420~~413.9419

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 ~~671~~615.~~66025141~~31512319 0.00000000 5652.~~34512822~~61292633 0.00000000 A-2A 191,161,000.00 ~~594~~518.~~87857419~~91905415 0.00000000 7582.~~95952004~~04283065 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 5652.~~34512822~~61292633 ~~615~~562.~~31512319~~70219686 0.~~61531512~~56270220 5652.~~34512822~~61292633 A-2A 0.00000000 7582.~~95952004~~04283065 ~~518~~436.~~91905415~~87622355 0.~~51891905~~43687622 7582.~~95952004~~04283065 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 2.~~29250~~54063% ~~251~~230,~~211~~137,~~008~~085.9380 ~~511~~503,~~912~~485.2180 0.00 0.00 A-2A 191,161,000.00 2.~~16250~~41063% ~~113~~99,~~717~~197,~~583~~085.1231 ~~218~~205,~~590~~915.4732 0.00 0.00 A-2B 45,858,000.00 2.~~43250~~68063% 45,858,000.00 99105,~~155~~854.1995 0.00 0.00 M-1 49,959,000.00 2.~~58250~~83063% 49,959,000.00 ~~114~~121,~~683~~774.6641 0.00 0.00 M-2 42,273,000.00 3.~~33250~~58063% 42,273,000.00 ~~125~~130,~~222~~341.0220 0.00 0.00 M-3 13,450,000.00 3.~~53250~~78063% 13,450,000.00 4243,~~233~~787.0005 0.00 0.00 B-1 11,529,000.00 3.~~68250~~93063% 11,529,000.00 3739,~~738~~022.2631 0.00 0.00 B-2 11,529,000.00 34.~~88250~~13063% 11,529,000.00 3941,~~787~~007.86 0.00 0.00 B-3 11,529,000.00 56.~~93250~~18063% 11,529,000.00 6061,~~796~~359.2675 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,~~250~~252,~~118~~548.9365 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 ~~511~~503,~~912~~485.2381 0.00 ~~230~~210,~~137~~459,~~085~~062.8016 A-2A 0.00 0.00 ~~218~~205,~~590~~915.4732 0.00 9983,~~197~~513,~~085~~695.3177 A-2B 0.00 0.00 99105,~~155~~854.1995 0.00 45,858,000.00 M-1 0.00 0.00 ~~114~~121,~~683~~774.6641 0.00 49,959,000.00 M-2 0.00 0.00 ~~125~~130,~~222~~341.0220 0.00 42,273,000.00 M-3 0.00 0.00 4243,~~233~~787.0005 0.00 13,450,000.00 B-1 0.00 0.00 3739,~~738~~022.2631 0.00 11,529,000.00 B-2 0.00 0.00 3941,~~787~~007.86 0.00 11,529,000.00 B-3 0.00 0.00 6061,~~796~~359.2675 0.00 11,529,000.00 X 0.00 0.00 1,~~907~~611,~~675~~952.3983 0.00 17,293,429.89 P 0.00 0.00 ~~696~~732,~~536~~559.2491 0.00 0.01 UT-R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,~~854~~597,~~330~~061.5840 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 2.~~29250~~54063% ~~671~~615.~~66025141~~31512319 1.~~36869433~~34616473 0.00000000 0.00000000 A-2A 191,161,000.00 2.~~16250~~41063% ~~594~~518.~~87857419~~91905415 1.~~14348884~~07718269 0.00000000 0.00000000 A-2B 45,858,000.00 2.~~43250~~68063% 1000.00000000 2.~~16222229~~30832025 0.00000000 0.00000000 M-1 49,959,000.00 2.~~58250~~83063% 1000.00000000 2.~~29555556~~43748694 0.00000000 0.00000000 M-2 42,273,000.00 3.~~33250~~58063% 1000.00000000 23.~~96222222~~08332032 0.00000000 0.00000000 M-3 13,450,000.00 3.~~53250~~78063% 1000.00000000 3.~~14000000~~25554275 0.00000000 0.00000000 B-1 11,529,000.00 3.~~68250~~93063% 1000.00000000 3.~~27333333~~38470899 0.00000000 0.00000000 B-2 11,529,000.00 34.~~88250~~13063% 1000.00000000 3.~~45111111~~55693122 0.00000000 0.00000000 B-3 11,529,000.00 56.~~93250~~18063% 1000.00000000 5.~~27333333~~32220921 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.~~36869438~~34616475 0.00000000 ~~615~~562.~~31512319~~70219686 A-2A 0.00000000 0.00000000 1.~~14348884~~07718269 0.00000000 ~~518~~436.~~91905415~~87622355 A-2B 0.00000000 0.00000000 2.~~16222229~~30832025 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~29555556~~43748694 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 23.~~96222222~~08332032 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~14000000~~25554275 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~27333333~~38470899 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~45111111~~55693122 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 5.~~27333333~~32220921 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~110~~93.~~30924954~~20941493 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 3839,~~992~~272,~~105~~593.9017 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) 0(89,251.0078) Prepayment Penalties ~~696,536~~0.2400 Total Deposits 39,~~688~~183,~~642~~341.1439 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~239~~224,~~890~~866.6280 Payment of Interest and Principal 3938,~~448~~958,~~751~~474.5259 Total Withdrawals (Pool Distribution Amount) 39,~~688~~183,~~642~~341.1439 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~236~~221,~~812~~981.1003 Trustee Fee 32,~~078~~885.5277 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~239~~224,~~890~~866.6280

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 1427 1 0 1528 13,~~886~~060,~~875~~961.5818 34144,~~057~~283.6284 0.00 13,~~920~~205,~~933~~245.2002 30 Days 7872 112 01 0 8975 10,~~416~~741,~~590~~112.9580 ~~823~~75,~~572~~716.3186 0307,428.0009 0.00 11,~~240~~124,~~163~~257.2675 60 Days 3326 4 95 0 4635 43,~~984~~542,~~375~~830.1118 ~~113~~251,~~864~~097.4570 1609,~~685,681~~950.2613 0.00 64,~~783~~403,~~920~~878.8201 90 Days 715 46 15 0 2636 ~~944~~2,~~847~~360,356.4881 ~~464~~639,~~949~~454.9300 2,~~779~~053,~~181~~386.8158 0.00 45,~~188~~053,~~979~~197.2239 120 Days 53 2 10 0 1715 ~~230~~570,~~099~~131.1866 ~~211~~95,~~871~~606.7891 1,~~938~~698,~~852~~679.3924 0.00 2,~~380~~364,~~823~~417.3581 150 Days 04 2 ~~6 1~~ 9 0 15 252,706.0057 ~~158~~63,~~956~~543.6032 1,~~334~~960,~~913~~455.8350 ~~99,469~~0.1800 12,~~593~~276,~~339~~705.6139 180+ Days 12 1113 2019 67 3841 5684,~~941~~057.9751 ~~981~~1,~~194~~276,328.7839 4,~~485~~672,~~038~~056.7448 ~~415~~881,~~816~~603.2191 56,~~938~~914,~~991~~046.7029 Totals ~~124~~122 4856 6160 7 ~~240~~245 1617,~~632~~551,~~854~~195.6953 45,~~641~~462,~~285~~708.4336 1211,~~257~~446,~~725~~239.6586 ~~515~~881,~~285~~603.3991 3435,~~047~~341,~~151~~747.1666 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.~~424371~~875203% 0.~~030312~~032415% 0.000000% 0.~~454683~~907618% 0.~~354173~~615401% 0.~~006393~~029008% 0.000000% 0.~~360566~~644409% 30 Days 2.~~364353~~333874% 0.~~333434~~064830% 0.~~000000~~032415% 0.000000% 2.~~697787~~431118% 12.~~955232~~159481% 0.~~154588~~015223% 0.~~000000~~061808% 0.000000% 2.~~109820~~236512% 60 Days 10.~~000303~~842788% 0.~~121249~~129660% 0.~~272810~~162075% 0.000000% 1.~~394362~~134522% 0.~~935586~~712280% 0.~~021373~~050483% 0.~~316409~~122629% 0.000000% 10.~~273367~~885392% 90 Days 0.~~212186~~486224% 0.~~121249~~194489% 0.~~454683~~486224% 0.000000% 01.~~788118~~166937% 0.~~177351~~474545% 0.~~087273~~128561% 0.~~521663~~412830% 0.000000% 01.~~786287~~015936% 120 Days 0.~~151561~~097245% 0.~~060624~~064830% 0.~~303122~~324149% 0.000000% 0.~~515308~~486224% 0.~~043190~~114624% 0.~~039769~~019222% 0.~~363930~~341516% 0.000000% 0.~~446889~~475362% 150 Days 0.~~000000~~129660% 0.~~060624~~064830% 0.~~181873~~291734% 0.~~030312~~000000% 0.~~272810~~486224% 0.~~000000~~050806% 0.~~029837~~012775% 0.~~250568~~394146% 0.~~018671~~000000% 0.~~299076~~457727% 180+ Days 0.~~030312~~064830% 0.~~333434~~421394% 0.~~606244~~615883% 0.~~181873~~226904% 1.~~151864~~329011% 0.~~010688~~016900% 0.~~184174~~256604% 0.~~841858~~939308% 0.~~078050~~177245% 1.~~114771~~390056% Totals 3.~~758715~~954619% 1.~~454986~~815235% 1.~~849045~~944895% 0.~~212186~~226904% 7.~~274932~~941653% 3.~~122048~~528636% 01.~~871186~~098268% 2.~~300820~~301246% 0.~~096721~~177245% 67.~~390776~~105394%

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.~~174172~~160061% Weighted Average Net Coupon 6.~~674172~~660061% Weighted Average Pass-Through Rate 6.~~667672~~653561% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 3,~~524~~299 Number Of Loans Paid In Full ~~225~~214 Ending Scheduled Collateral Loan Count 3,~~299~~085 Beginning Scheduled Collateral Balance ~~568~~532,~~349~~754,~~021~~601.9501 Ending Scheduled Collateral Balance ~~532~~497,~~754~~393,~~601~~187.0182 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~532~~497,~~754~~393,~~601~~187.0182 Monthly P &I Constant 3,~~942~~690,~~917~~847.3070 Special Servicing Fee 0.00 Prepayment Penalties ~~696,536~~0.2400 Realized Loss Amount 089,251.0078 Cumulative Realized Loss ~~225~~314,~~120~~372.4018 Ending Scheduled Balance for Premium Loans ~~532~~497,~~754~~393,~~601~~187.0182 Scheduled Principal ~~545~~512,~~056~~051.0248 Unscheduled Principal 3534,~~049~~849,~~364~~361.9271

Miscellaneous Reporting Excess Cash Amount 1,~~907~~701,~~851~~204.8761 Extra Principal Amount 089,251.78 Overcollateralization Amount 17,293,429.89 Overcollateralization Deficiency 0.00 Overcollateralization Reduction 0.00 Overcollateralization Increase 089,251.78 Senior Enhancement Percentage 2931.~~5750~~6776% 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