8-K 1 gsa05005_10508.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): August 25, 2005 GSAA HOME EQUITY TRUST Asset Backed Certificates, Series 2005-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-117485-14 Pooling and Servicing Agreement) (Commission 54-2173142 (State or other File Number) 54-2173143 jurisdiction 54-6658789 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 August 25, 2005 a distribution was made to holders of GSAA HOME EQUITY TRUST, Asset Backed Certificates, Series 2005-5 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 2005-5 Trust, relating to the August 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 2005-5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/29/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-5 Trust, relating to the August 25, 2005 distribution. EX-99.1

GS Mortgage Securities Corp Asset Backed Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 GS Mortgage Securities Corp Asset Backed Certificates Series GSAA Home Equity Trust 2005-5 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution A-1 36242DR39 SEN 3.~~40438~~55000% ~~348~~315,~~173~~718,~~973~~198.3918 ~~921~~965,~~912~~132.8499 A-2 36242DR47 SEN 3.~~49438~~64000% 91,518,000.00 ~~248~~286,~~732~~858.3009 A-3 36242DR54 SEN 3.~~61438~~76000% 77,000,000.00 ~~216~~249,~~461~~308.2089 A-4 36242DT29 SEN 3.~~58438~~73000% 59,755,000.00 ~~166~~191,~~588~~929.0474 M-1 36242DR62 MEZ 3.~~72438~~87000% 27,234,000.00 7890,~~889~~757.8231 M-2 36242DR70 MEZ 3.~~74438~~89000% 17,807,000.00 5159,~~859~~648.2550 M-3 36242DR88 MEZ 34.~~94438~~09000% 15,712,000.00 4855,~~202~~336.0879 M-4 36242DR96 MEZ 4.~~00438~~15000% 3,491,000.00 1012,~~872~~475.7848 B-1 36242DS20 JUN 4.~~46438~~61000% 3,491,000.00 1213,~~121~~858.7830 B-2 36242DS38 JUN 4.~~56438~~71000% 3,491,000.00 1214,~~393~~158.3191 B-3 36242DS46 JUN 5.~~01438~~16000% 3,491,000.00 1315,~~615~~511.1668 X 36242DS79 SEN 0.00000% 3,142,458.13 1,~~476~~140,~~010~~297.5189 P 36242DS87 SEN 0.00000% 0.01 ~~144~~138,~~207~~694.4990 R-1 36242DS53 SEN 0.00000% 0.00 0.00 R-2 36242DS61 SEN 0.00000% 0.00 0.00 Totals ~~654~~621,~~306~~850,~~431~~656.5332 3,~~401~~233,~~866~~969.5647

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 3221,~~455~~706,~~775~~019.2277 0.00 ~~315~~294,~~718~~012,~~198~~178.1841 3322,~~377~~671,~~688~~152.0676 0.00 A-2 0.00 0.00 91,518,000.00 ~~248~~286,~~732~~858.3009 0.00 A-3 0.00 0.00 77,000,000.00 ~~216~~249,~~461~~308.2089 0.00 A-4 0.00 0.00 59,755,000.00 ~~166~~191,~~588~~929.0474 0.00 M-1 0.00 0.00 27,234,000.00 7890,~~889~~757.8231 0.00 M-2 0.00 0.00 17,807,000.00 5159,~~859~~648.2550 0.00 M-3 0.00 0.00 15,712,000.00 4855,~~202~~336.0879 0.00 M-4 0.00 0.00 3,491,000.00 1012,~~872~~475.7848 0.00 B-1 0.00 0.00 3,491,000.00 1213,~~121~~858.7830 0.00 B-2 0.00 0.00 3,491,000.00 1214,~~393~~158.3191 0.00 B-3 0.00 0.00 3,491,000.00 1315,~~615~~511.1668 0.00 X 0.00 0.00 3,142,458.13 1,~~476~~140,~~010~~297.5189 0.00 P 0.00 0.00 0.01 ~~144~~138,~~207~~694.4990 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 3221,~~455~~706,~~775~~019.2277 0.00 ~~621~~600,~~850~~144,~~656~~636.3255 3524,~~857~~939,~~641~~989.7824 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-1 392,187,000.00 ~~348~~315,~~173~~718,~~973~~198.3918 0.00 3221,~~455~~706,~~775~~019.2277 0.00 0.00 A-2 91,518,000.00 91,518,000.00 0.00 0.00 0.00 0.00 A-3 77,000,000.00 77,000,000.00 0.00 0.00 0.00 0.00 A-4 59,755,000.00 59,755,000.00 0.00 0.00 0.00 0.00 M-1 27,234,000.00 27,234,000.00 0.00 0.00 0.00 0.00 M-2 17,807,000.00 17,807,000.00 0.00 0.00 0.00 0.00 M-3 15,712,000.00 15,712,000.00 0.00 0.00 0.00 0.00 M-4 3,491,000.00 3,491,000.00 0.00 0.00 0.00 0.00 B-1 3,491,000.00 3,491,000.00 0.00 0.00 0.00 0.00 B-2 3,491,000.00 3,491,000.00 0.00 0.00 0.00 0.00 B-3 3,491,000.00 3,491,000.00 0.00 0.00 0.00 0.00 X 3,146,729.98 3,142,458.13 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 R-1 100.00 0.00 0.00 0.00 0.00 0.00 R-2 100.00 0.00 0.00 0.00 0.00 0.00 Totals 698,323,929.99 ~~654~~621,~~306~~850,~~431~~656.5332 0.00 3221,~~455~~706,~~775~~019.2277 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 3221,~~455~~706,~~775~~019.2277 ~~315~~294,~~718~~012,~~198~~178.1841 0.~~80501954~~74967344 3221,~~455~~706,~~775~~019.2277 A-2 0.00 91,518,000.00 1.00000000 0.00 A-3 0.00 77,000,000.00 1.00000000 0.00 A-4 0.00 59,755,000.00 1.00000000 0.00 M-1 0.00 27,234,000.00 1.00000000 0.00 M-2 0.00 17,807,000.00 1.00000000 0.00 M-3 0.00 15,712,000.00 1.00000000 0.00 M-4 0.00 3,491,000.00 1.00000000 0.00 B-1 0.00 3,491,000.00 1.00000000 0.00 B-2 0.00 3,491,000.00 1.00000000 0.00 B-3 0.00 3,491,000.00 1.00000000 0.00 X 0.00 3,142,458.13 0.99864245 0.00 P 0.00 0.01 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 3221,~~455~~706,~~775~~019.2277 ~~621~~600,~~850~~144,~~656~~636.3255 0.~~89049026~~85940723 3221,~~455~~706,~~775~~019.2277

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 392,187,000.00 ~~887~~805.~~77540660~~01953961 0.00000000 8255.~~75586702~~34609707 0.00000000 A-2 91,518,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 77,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 59,755,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 27,234,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 17,807,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,712,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 3,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 3,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 3,146,729.98 998.64244787 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R-1 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 100.00 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 8255.~~75586702~~34609707 ~~805~~749.~~01953961~~67344254 0.~~80501954~~74967344 8255.~~75586702~~34609707 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 A-4 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 M-4 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 998.64244787 0.99864245 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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-1 392,187,000.00 3.~~40438~~55000% ~~348~~315,~~173~~718,~~973~~198.3918 ~~921~~965,~~912~~132.8499 0.00 0.00 A-2 91,518,000.00 3.~~49438~~64000% 91,518,000.00 ~~248~~286,~~732~~858.3009 0.00 0.00 A-3 77,000,000.00 3.~~61438~~76000% 77,000,000.00 ~~216~~249,~~461~~308.2089 0.00 0.00 A-4 59,755,000.00 3.~~58438~~73000% 59,755,000.00 ~~166~~191,~~588~~929.0474 0.00 0.00 M-1 27,234,000.00 3.~~72438~~87000% 27,234,000.00 7890,~~889~~757.8231 0.00 0.00 M-2 17,807,000.00 3.~~74438~~89000% 17,807,000.00 5159,~~859~~648.2550 0.00 0.00 M-3 15,712,000.00 34.~~94438~~09000% 15,712,000.00 4855,~~202~~336.0879 0.00 0.00 M-4 3,491,000.00 4.~~00438~~15000% 3,491,000.00 1012,~~872~~475.7848 0.00 0.00 B-1 3,491,000.00 4.~~46438~~61000% 3,491,000.00 1213,~~121~~858.7830 0.00 0.00 B-2 3,491,000.00 4.~~56438~~71000% 3,491,000.00 1214,~~393~~158.3191 0.00 0.00 B-3 3,491,000.00 5.~~01438~~16000% 3,491,000.00 1315,~~615~~511.1668 0.00 0.00 X 3,146,729.98 0.00000% ~~654~~621,~~306~~850,~~431~~656.5331 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 R-1 100.00 0.00000% 0.00 0.00 0.00 0.00 R-2 100.00 0.00000% 0.00 0.00 0.00 0.00 Totals 698,323,929.99 1,~~781~~954,~~648~~976.5668 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 ~~921~~965,~~912~~132.8499 0.00 ~~315~~294,~~718~~012,~~198~~178.1841 A-2 0.00 0.00 ~~248~~286,~~732~~858.3009 0.00 91,518,000.00 A-3 0.00 0.00 ~~216~~249,~~461~~308.2089 0.00 77,000,000.00 A-4 0.00 0.00 ~~166~~191,~~588~~929.0474 0.00 59,755,000.00 M-1 0.00 0.00 7890,~~889~~757.8231 0.00 27,234,000.00 M-2 0.00 0.00 5159,~~859~~648.2550 0.00 17,807,000.00 M-3 0.00 0.00 4855,~~202~~336.0879 0.00 15,712,000.00 M-4 0.00 0.00 1012,~~872~~475.7848 0.00 3,491,000.00 B-1 0.00 0.00 1213,~~121~~858.7830 0.00 3,491,000.00 B-2 0.00 0.00 1214,~~393~~158.3191 0.00 3,491,000.00 B-3 0.00 0.00 1315,~~615~~511.1668 0.00 3,491,000.00 X 0.00 0.00 1,~~476~~140,~~010~~297.5189 0.00 ~~621~~600,~~850~~144,~~656~~636.3154 P 0.00 0.00 ~~144~~138,~~207~~694.4990 0.00 0.01 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,~~401~~233,~~866~~969.5647 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-1 392,187,000.00 3.~~40438~~55000% ~~887~~805.~~77540660~~01953961 2.~~35069709~~46090000 0.00000000 0.00000000 A-2 91,518,000.00 3.~~49438~~64000% 1000.00000000 23.~~71785113~~13444448 0.00000000 0.00000000 A-3 77,000,000.00 3.~~61438~~76000% 1000.00000000 23.~~81118442~~23777779 0.00000000 0.00000000 A-4 59,755,000.00 3.~~58438~~73000% 1000.00000000 23.~~78785106~~21194444 0.00000000 0.00000000 M-1 27,234,000.00 3.~~72438~~87000% 1000.00000000 23.~~89674010~~33250018 0.00000000 0.00000000 M-2 17,807,000.00 3.~~74438~~89000% 1000.00000000 23.~~91229573~~34972202 0.00000000 0.00000000 M-3 15,712,000.00 34.~~94438~~09000% 1000.00000000 3.~~06785132~~52194437 0.00000000 0.00000000 M-4 3,491,000.00 4.~~00438~~15000% 1000.00000000 3.~~11451733~~57361215 0.00000000 0.00000000 B-1 3,491,000.00 4.~~46438~~61000% 1000.00000000 3.~~47229447~~96972214 0.00000000 0.00000000 B-2 3,491,000.00 4.~~56438~~71000% 1000.00000000 34.~~55007448~~05583214 0.00000000 0.00000000 B-3 3,491,000.00 5.~~01438~~16000% 1000.00000000 34.~~90007448~~44333429 0.00000000 0.00000000 X 3,146,729.98 0.00000% ~~207932~~197618.~~18219823~~05438101 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 100.00 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 2.~~35069709~~46090000 0.00000000 ~~805~~749.~~01953961~~67344254 A-2 0.00000000 0.00000000 23.~~71785113~~13444448 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 23.~~81118442~~23777779 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 23.~~78785106~~21194444 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 23.~~89674010~~33250018 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 23.~~91229573~~34972202 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~06785132~~52194437 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~11451733~~57361215 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~47229447~~96972214 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 34.~~55007448~~05583214 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 34.~~90007448~~44333429 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~469~~362.~~06169877~~37551275 0.00000000 ~~197618~~190720.~~05438101~~09367006 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-4 3.~~58438~~73000% 0.00 0.00 18,910,000.00 18,910,000.00 100.00000000% A-4 3.~~58438~~73000% 0.00 0.00 40,845,000.00 40,845,000.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3524,~~920~~805,~~086~~765.1277 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 ~~144~~138,~~207~~694.4990 Total Deposits 3624,~~064~~944,~~293~~460.6167 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~206~~196,~~651~~401.8317 Payment of Interest and Principal 3524,~~857~~748,~~641~~059.7850 Total Withdrawals (Pool Distribution Amount) 3624,~~064~~944,~~293~~460.6167 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~204~~194,~~470~~328.8733 Securities Administration Fee 2,~~180~~072.9684 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~206~~196,~~651~~401.8317

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 7736 0 0 0 7736 166,~~488~~050,~~868~~151.8917 0.00 0.00 0.00 166,~~488~~050,~~868~~151.8917 60 Days 2813 0 0 0 2813 62,~~428~~795,~~857~~966.1422 0.00 0.00 0.00 62,~~428~~795,~~857~~966.1422 90 Days 8 0 0 0 8 2,~~279~~277,~~172~~058.4671 0.00 0.00 0.00 2,~~279~~277,~~172~~058.4671 120 Days 5 0 0 0 5 523,~~715~~280.2824 0.00 0.00 0.00 523,~~715~~280.2824 150 Days 7 0 0 0 7 1,~~067~~066,~~400~~491.2872 0.00 0.00 0.00 1,~~067~~066,~~400~~491.2872 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~125~~69 0 0 0 ~~125~~69 2612,~~788~~712,~~014~~948.0506 0.00 0.00 0.00 2612,~~788~~712,~~014~~948.0506 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 21.~~611940~~261388% 0.000000% 0.000000% 0.000000% 21.~~611940~~261388% 21.~~651580~~008116% 0.000000% 0.000000% 0.000000% 21.~~651580~~008116% 60 Days 0.~~949796~~455501% 0.000000% 0.000000% 0.000000% 0.~~949796~~455501% 10.~~033827~~465882% 0.000000% 0.000000% 0.000000% 10.~~033827~~465882% 90 Days 0.~~271370~~280308% 0.000000% 0.000000% 0.000000% 0.~~271370~~280308% 0.~~366514~~379418% 0.000000% 0.000000% 0.000000% 0.~~366514~~379418% 120 Days 0.~~169607~~175193% 0.000000% 0.000000% 0.000000% 0.~~169607~~175193% 0.~~084219~~087192% 0.000000% 0.000000% 0.000000% 0.~~084219~~087192% 150 Days 0.~~237449~~245270% 0.000000% 0.000000% 0.000000% 0.~~237449~~245270% 0.~~171649~~177706% 0.000000% 0.000000% 0.000000% 0.~~171649~~177706% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 42.~~240163~~417659% 0.000000% 0.000000% 0.000000% 42.~~240163~~417659% 42.~~307789~~118314% 0.000000% 0.000000% 0.000000% 42.~~307789~~118314%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0203,916.0005

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.~~353556~~352025% Weighted Average Net Coupon 5.~~978556~~977025% Weighted Average Pass-Through Rate 5.~~974556~~973025% Weighted Average Maturity(Stepdown Calculation) ~~353~~352 Beginning Scheduled Collateral Loan Count 32,~~067~~948 Number Of Loans Paid In Full ~~119~~94 Ending Scheduled Collateral Loan Count 2,~~948~~854 Beginning Scheduled Collateral Balance ~~654~~621,~~306~~850,~~431~~656.5331 Ending Scheduled Collateral Balance ~~621~~600,~~850~~144,~~656~~636.3154 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~621~~600,~~850~~144,~~656~~636.3154 Monthly P&I Constant 43,~~075~~886,~~899~~672.7247 Special Servicing Fee 0.00 Prepayment Penalties ~~144~~138,~~207~~694.4990 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~611~~594,~~589~~996.0771 Unscheduled Principal 3121,~~844~~111,~~186~~023.1506 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,142,458.13 Overcollateralized Amount 3,142,458.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,~~476~~140,~~010~~297.5190

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Filing Compare · GS Mortgage Securities Corp., Asset-Backed Certificates, Series 2005-5