8-K 1 gsa05003_10507.txt 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): July 25, 2005 GSAA HOME EQUITY TRUST Asset Backed Certificates, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120274-10 Pooling and Servicing Agreement) (Commission 54-2168112 (State or other File Number) 54-2168113 jurisdiction 54-6654306 of Incorporation) IRS EIN C/O Wells Fargo Bank, N. A. 9062 Old Annapolis Rd. 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 July 25, 2005 a distribution was made to holders of GSAA HOME EQUITY TRUST, Asset Backed Certificates, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-3 Trust, relating to the July 25, 2005 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. GSAA HOME EQUITY TRUST Asset Backed Certificates, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/26/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-3 Trust, relating to the July 25, 2005 distribution. EX-99.1

GS Mortgage Securities Corp Asset Backed Certificates Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 GS Mortgage Securities Corp Asset Backed Certificates Series GSAA Home Equity Trust 2005-3 Contact: CTSLink Customer Service Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 @ www.ctslink.com/cmbs Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution A-1 36242DWR0 SEN 3.~~22000~~44438% ~~179~~168,~~848~~108,~~363~~503.7325 ~~530~~450,~~852~~356.4233 A-2 36242DWS8 SEN 3.~~31000~~53438% 63,889,000.00 ~~193~~175,~~849~~628.8745 A-3 36242DWT6 SEN 3.~~43000~~65438% 66,764,000.00 ~~209~~189,~~917~~763.1402 M-1 36242DWU3 SEN 3.~~54000~~76438% 19,177,000.00 6256,~~229~~147.3740 M-2 36242DWV1 SEN 34.~~79000~~01438% 9,781,000.00 3330,~~980~~539.8217 B-1 36242DWW9 SEN 4.~~34000~~56438% 4,219,000.00 1614,~~784~~977.5976 B-2 36242DWX7 SEN 4.~~39000~~61438% 1,342,000.00 54,~~400~~816.4339 B-3 36242DWY5 SEN 5.~~24000~~46438% 1,918,000.00 98,~~212~~151.7964 Class X 36242DWZ2 SEN 0.00000% 2,301,299.59 ~~613~~685,~~949~~774.9385 Class P 36242DXA6 SEN 0.00000% 0.01 ~~134~~38,~~021~~848.3934 Class R 36242DXB4 SEN 0.00000% 0.00 0.00 Totals ~~349~~337,~~239~~499,~~663~~802.3385 1,~~810~~655,~~198~~003.7535

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 1110,~~739~~193,~~860~~186.4820 0.00 ~~168~~157,~~108~~915,~~503~~317.2505 1210,~~270~~643,~~712~~542.9053 0.00 A-2 0.00 0.00 63,889,000.00 ~~193~~175,~~849~~628.8745 0.00 A-3 0.00 0.00 66,764,000.00 ~~209~~189,~~917~~763.1402 0.00 M-1 0.00 0.00 19,177,000.00 6256,~~229~~147.3740 0.00 M-2 0.00 0.00 9,781,000.00 3330,~~980~~539.8217 0.00 B-1 0.00 0.00 4,219,000.00 1614,~~784~~977.5976 0.00 B-2 0.00 0.00 1,342,000.00 54,~~400~~816.4339 0.00 B-3 0.00 0.00 1,918,000.00 98,~~212~~151.7964 0.00 Class X 0.00 0.00 2,301,299.59 ~~613~~685,~~949~~774.9385 0.00 Class P 0.00 0.00 0.01 ~~134~~38,~~021~~848.3934 0.00 Class R 0.00 0.00 0.00 0.00 0.00 Totals 1110,~~739~~193,~~860~~186.4820 0.00 ~~337~~327,~~499~~306,~~802~~616.8565 1311,~~550~~848,~~059~~189.2355 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 214,158,000.00 ~~179~~168,~~848~~108,~~363~~503.7325 0.00 1110,~~739~~193,~~860~~186.4820 0.00 0.00 A-2 63,889,000.00 63,889,000.00 0.00 0.00 0.00 0.00 A-3 66,764,000.00 66,764,000.00 0.00 0.00 0.00 0.00 M-1 19,177,000.00 19,177,000.00 0.00 0.00 0.00 0.00 M-2 9,781,000.00 9,781,000.00 0.00 0.00 0.00 0.00 B-1 4,219,000.00 4,219,000.00 0.00 0.00 0.00 0.00 B-2 1,342,000.00 1,342,000.00 0.00 0.00 0.00 0.00 B-3 1,918,000.00 1,918,000.00 0.00 0.00 0.00 0.00 Class X 0.00 2,301,299.59 0.00 0.00 0.00 0.00 Class P 0.01 0.01 0.00 0.00 0.00 0.00 Class R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 381,248,000.01 ~~349~~337,~~239~~499,~~663~~802.3385 0.00 1110,~~739~~193,~~860~~186.4820 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 1110,~~739~~193,~~860~~186.4820 ~~168~~157,~~108~~915,~~503~~317.2505 0.~~78497419~~73737762 1110,~~739~~193,~~860~~186.4820 A-2 0.00 63,889,000.00 1.00000000 0.00 A-3 0.00 66,764,000.00 1.00000000 0.00 M-1 0.00 19,177,000.00 1.00000000 0.00 M-2 0.00 9,781,000.00 1.00000000 0.00 B-1 0.00 4,219,000.00 1.00000000 0.00 B-2 0.00 1,342,000.00 1.00000000 0.00 B-3 0.00 1,918,000.00 1.00000000 0.00 Class X 0.00 2,301,299.59 0.00000000 0.00 Class P 0.00 0.01 1.00000000 0.00 Class R 0.00 0.00 0.00000000 0.00 Totals 1110,~~739~~193,~~860~~186.4820 ~~337~~327,~~499~~306,~~802~~616.8565 0.~~88525003~~85851366 1110,~~739~~193,~~860~~186.4820

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 214,158,000.00 ~~839~~784.~~79288063~~97419312 0.00000000 5447.~~81868751~~59656982 0.00000000 A-2 63,889,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 66,764,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 19,177,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 9,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 4,219,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 1,342,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 1,918,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 Class X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 Class R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Class 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 5447.~~81868751~~59656982 ~~784~~737.~~97419312~~37762330 0.~~78497419~~73737762 5447.~~81868751~~59656982 A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 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 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 Class X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 Class 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-1 214,158,000.00 3.~~22000~~44438% ~~179~~168,~~848~~108,~~363~~503.7325 ~~530~~450,~~852~~356.4233 0.00 0.00 A-2 63,889,000.00 3.~~31000~~53438% 63,889,000.00 ~~193~~175,~~849~~628.8745 0.00 0.00 A-3 66,764,000.00 3.~~43000~~65438% 66,764,000.00 ~~209~~189,~~917~~763.1402 0.00 0.00 M-1 19,177,000.00 3.~~54000~~76438% 19,177,000.00 6256,~~229~~147.3740 0.00 0.00 M-2 9,781,000.00 34.~~79000~~01438% 9,781,000.00 3330,~~980~~539.8217 0.00 0.00 B-1 4,219,000.00 4.~~34000~~56438% 4,219,000.00 1614,~~784~~977.5976 0.00 0.00 B-2 1,342,000.00 4.~~39000~~61438% 1,342,000.00 54,~~400~~816.4339 0.00 0.00 B-3 1,918,000.00 5.~~24000~~46438% 1,918,000.00 98,~~212~~151.7964 0.00 0.00 Class X 0.00 0.00000% ~~349~~337,~~239~~499,~~663~~802.3284 0.00 0.00 0.00 Class P 0.01 0.00000% 0.01 0.00 0.00 0.00 Class R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 381,248,000.01 1930,~~062,227~~380.4316 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 ~~530~~450,~~852~~356.4233 0.00 ~~168~~157,~~108~~915,~~503~~317.2505 A-2 0.00 0.00 ~~193~~175,~~849~~628.8745 0.00 63,889,000.00 A-3 0.00 0.00 ~~209~~189,~~917~~763.1402 0.00 66,764,000.00 M-1 0.00 0.00 6256,~~229~~147.3740 0.00 19,177,000.00 M-2 0.00 0.00 3330,~~980~~539.8217 0.00 9,781,000.00 B-1 0.00 0.00 1614,~~784~~977.5976 0.00 4,219,000.00 B-2 0.00 0.00 54,~~400~~816.4339 0.00 1,342,000.00 B-3 0.00 0.00 98,~~212~~151.7964 0.00 1,918,000.00 Class X 0.00 0.00 ~~613~~685,~~949~~774.9385 0.00 ~~337~~327,~~499~~306,~~802~~616.8464 Class P 0.00 0.00 ~~134~~38,~~021~~848.3934 0.00 0.01 Class R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~810~~655,~~198~~003.7535 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-1 214,158,000.00 3.~~22000~~44438% ~~839~~784.~~79288063~~97419312 2.~~47878865~~10291621 0.00000000 0.00000000 A-2 63,889,000.00 3.~~31000~~53438% 1000.00000000 32.~~03416660~~74896226 0.00000000 0.00000000 A-3 66,764,000.00 3.~~43000~~65438% 1000.00000000 32.~~14416662~~84229555 0.00000000 0.00000000 M-1 19,177,000.00 3.~~54000~~76438% 1000.00000000 32.~~24500026~~92785107 0.00000000 0.00000000 M-2 9,781,000.00 34.~~79000~~01438% 1000.00000000 3.~~47416624~~12229527 0.00000000 0.00000000 B-1 4,219,000.00 4.~~34000~~56438% 1000.00000000 3.~~97833373~~55007348 0.00000000 0.00000000 B-2 1,342,000.00 4.~~39000~~61438% 1000.00000000 43.~~02416542~~58896423 0.00000000 0.00000000 B-3 1,918,000.00 5.~~24000~~46438% 1000.00000000 4.~~80333160~~25007299 0.00000000 0.00000000 Class X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Class R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 2.~~47878865~~10291621 0.00000000 ~~784~~737.~~97419312~~37762330 A-2 0.00000000 0.00000000 32.~~03416660~~74896226 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 32.~~14416662~~84229555 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 32.~~24500026~~92785107 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~47416624~~12229527 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~97833373~~55007348 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 43.~~02416542~~58896423 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~80333160~~25007299 0.00000000 1000.00000000 Class X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Class 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 1311,~~527~~916,~~358~~919.3747 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) 0.00 Prepayment Penalties ~~134~~38,~~021~~848.3934 Total Deposits 1311,~~661~~955,~~379~~767.7681 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~111~~107,~~320~~578.5326 Payment of Interest and Principal 1311,~~550~~848,~~059~~189.2355 Total Withdrawals (Pool Distribution Amount) 1311,~~661~~955,~~379~~767.7681 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~109~~105,~~137~~468.5275 Securities Administration Fee 2,~~183~~109.0151 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~111~~107,~~320~~578.5326

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4440 0 0 0 4440 108,~~081~~657,~~888~~588.5419 0.00 0.00 0.00 108,~~081~~657,~~888~~588.5419 60 Days 411 0 0 0 411 ~~776~~1,~~526~~748,166.9466 0.00 0.00 0.00 ~~776~~1,~~526~~748,166.9466 90 Days 1 0 0 0 1 ~~117~~43,~~853~~130.5500 0.00 0.00 0.00 ~~117~~43,~~853~~130.5500 120 Days 1 0 0 0 1 ~~193~~117,~~339~~738.5180 0.00 0.00 0.00 ~~193~~117,~~339~~738.5180 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 2 0 0 0 2 ~~907~~906,~~574~~709.3879 0.00 0.00 0.00 ~~907~~906,~~574~~709.3879 Totals 5255 0 0 0 5255 1211,~~077~~473,~~182~~333.9244 0.00 0.00 0.00 1211,~~077~~473,~~182~~333.9244 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~915838~~721088% 0.000000% 0.000000% 0.000000% 2.~~915838~~721088% 2.~~987228~~645100% 0.000000% 0.000000% 0.000000% 2.~~987228~~645100% 60 Days 0.~~265076~~748299% 0.000000% 0.000000% 0.000000% 0.~~265076~~748299% 0.~~230082~~534107% 0.000000% 0.000000% 0.000000% 0.~~230082~~534107% 90 Days 0.~~066269~~068027% 0.000000% 0.000000% 0.000000% 0.~~066269~~068027% 0.~~034920~~013177% 0.000000% 0.000000% 0.000000% 0.~~034920~~013177% 120 Days 0.~~066269~~068027% 0.000000% 0.000000% 0.000000% 0.~~066269~~068027% 0.~~057286~~035972% 0.000000% 0.000000% 0.000000% 0.~~057286~~035972% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.~~132538~~136054% 0.000000% 0.000000% 0.000000% 0.~~132538~~136054% 0.~~268911~~277022% 0.000000% 0.000000% 0.000000% 0.~~268911~~277022% Totals 3.~~445991~~741497% 0.000000% 0.000000% 0.000000% 3.~~445991~~741497% 3.~~578427~~505378% 0.000000% 0.000000% 0.000000% 3.~~578427~~505378%

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class R 36,437,000.01 9.49993651% 38,738,299.60 11.~~47802140~~83547708% 0.000000% 0.000000% Class M-1 17,260,000.01 4.50006598% 19,561,299.60 5.~~79594401~~97644490% 5.~~682077~~859032% 0.000000% Class M-2 7,479,000.01 1.94994169% 9,780,299.60 2.~~89786824~~98811546% 2.~~898076~~988329% 0.000000% Class B-1 3,260,000.01 0.84995453% 5,561,299.60 1.~~64779344~~69911004% 1.~~250075~~289005% 0.000000% Class B-2 1,918,000.01 0.50006527% 4,219,299.60 1.~~25016357~~28909695% 0.~~397630~~410013% 0.000000% Class B-3 0.01 0.00000000% 2,301,299.60 0.~~68186695~~70310207% 0.~~568297~~585995% 0.000000% Class X 0.01 0.00000000% 0.01 0.00000000% 0.~~681867~~703102% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~142078~~128831% Weighted Average Net Coupon 5.~~767078~~753831% Weighted Average Pass-Through Rate 5.~~759578~~746331% Weighted Average Maturity(Stepdown Calculation) ~~354~~353 Beginning Scheduled Collateral Loan Count 1,~~561~~509 Number Of Loans Paid In Full 5239 Ending Scheduled Collateral Loan Count 1,~~509~~470 Beginning Scheduled Collateral Balance ~~349~~337,~~239~~499,~~663~~802.3284 Ending Scheduled Collateral Balance ~~337~~327,~~499~~306,~~802~~616.8464 Ending Actual Collateral Balance at 3130-~~May~~Jun-2005 ~~337~~327,~~499~~306,~~802~~616.8464 Monthly P&I Constant 2,~~135~~063,~~085~~979.4928 Special Servicing Fee 0.00 Prepayment Penalties ~~134~~38,~~021~~848.3934 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~347~~340,~~537~~246.6748 Unscheduled Principal 119,~~392~~852,~~322~~939.8172 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,301,299.59 Overcollateralized Amount 2,301,299.59 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~613~~685,~~949~~774.9385

Miscellaneous Reporting Excess Cash ~~613~~685,~~949~~774.9385 Overcollateralized Amount 2,301,299.59 Overcollateralized Increase 0.00 Overcollateralized Reduction 0.00 Overcollateralized Target Amount 2,301,299.59 Stepdown DoNO ~~not stepdown~~ Trigger Event ~~Not in trigger~~NO

Realized Loss Report - Collateral Summary

Filing Compare · GSAA Home Equity Trust 2005-3