UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~SECTION 13 orOR 15(d) ofOF ~~the~~ THE

~~Securities~~SECURITIES ~~Exchange~~EXCHANGE ~~Act~~ACT ofOF 1934

~~July~~Date ~~26,~~of ~~2004~~Report (Date of earliest event reported)

~~Date~~September of1, ~~Report (Date of Earliest Event Reported)~~ 2004

GreenPoint Mortgage Securities LLC ~~(as Sponsor of the GreenPoint Home Equity Loan~~

~~Trust~~(Exact ~~2004-1,~~Name ~~Home~~of ~~Equity~~Registrant ~~Loan~~as ~~Asset-Backed~~Specified ~~Notes,~~in ~~Series~~its ~~2004-1~~Charter)

GREENPOINT MORTGAGE SECURITIES LLC

Delaware

333-108405

20-0326233

(State or Other Jurisdiction

Of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

(Exact Name of Registrant as Specified in Its Charter)

100 Wood Hollow Drive

Novato, California

94945

(Address of Principal Executive Offices)

(Zip Code)

Delaware		333-108405		20-0326233
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

Registrant’s telephone number, including area code: (415) 878-5292

~~100 Wood Hollow Drive, Doorstop 32210, Novato, CA 94945~~ None

(Address of Principal Executive Offices)

(800) 462-2700

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

~~INFORMATION~~Check TOthe BEappropriate ~~INCLUDED~~box INbelow ~~THE~~if ~~REPORT~~the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~Item~~Written 5communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ~~Other~~Soliciting ~~Events~~material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(d) 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))

~~GreenPoint~~Item ~~Mortgage Securities LLC (the “Company”) has previously registered the offer and sale of the GreenPoint Home Equity Loan Trust Asset-Backed Notes, Series 2004-1 (“Series 2004-1 Notes”)~~8.01. Other Events1

The ~~following~~consolidated ~~exhibit~~financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 2003 and December 31, 2002, and for each of the years in the three-year period ended December 31, 2003, included in the Annual Report on Form 10-K of Ambac Financial Group, Inc. (which ~~relates~~was ~~specifically~~filed towith the ~~Series~~Securities and Exchange Commission on March 15, 2004-, Commission File Number 1-10777), ~~Notes~~the isunaudited consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of March 31, 2004 and for the periods ending March 31, 2004 and March 31, 2003 included in the Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended March 31, 2004 (which was filed with the Securities and Exchange Commission on May 10, 2004); the unaudited consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of June 30, 2004 and for the periods ending June 30, 2004 and June 30, 2003 included in the Quarterly Report on Form 10-Q of Ambac Financial Group, Inc. for the period ended June 30, 2004 (which was filed with the Securities and Exchange Commission on August 9, 2004), and the Current Reports on Form 8-K filed with the Securities and Exchange Commission on April 22, 2004, July 22, 2004 and August 20, 2004 as they relate to Ambac Assurance Corporation are hereby incorporated by reference in (i) this Current Report: on Form 8-K; (ii) the registration statement (no. 333-108405) of the Registrant; and (iii) the Prospectus Supplement and Prospectus relating to GreenPoint Home Equity Loan Trust, Series 2004-4.

Item ~~7(c)~~9. ~~Exhibits~~01.

~~10.1~~Financial ~~Monthly~~Statements ~~Payment~~and ~~Date Statement distributed to holders of Series 2004-1 Notes dated July 26, 2004~~Exhibits.

~~SIGNATURE~~ (a)

~~Pursuant~~Not ~~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 thereunto duly authorized~~applicable.

~~Date: August 3, 2004~~ (b)

~~GREENPOINT~~Not ~~MORTGAGE SECURITIES LLC By: /s/ David Petrini David Petrini Treasurer (Principal Accounting Officer)~~applicable.

(c)

Exhibits:

23.

Consent of KPMG LLP, Independent Registered Public Accounting Firm of Ambac Assurance Corporation and Subsidiaries

___________________

Capitalized terms used but not otherwise defined herein shall have the same meaning ascribed to them in the Prospectus.

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.

GREENPOINT MORTGAGE

SECURITIES LLC

By:

/s/ Nathan Hieter

Name:

Nathan Hieter

Title:

Vice President

Dated: September 1, 2004

EXHIBIT INDEX

Exhibit Number			Page Number
Exhibit No.	Description	Page No.
10.1		Monthly Payment Date Statement distributed to holders of Series 2004-1 Notes dated July 26, 2004	5
23	Consent of KPMG LLP, Independent Registered Public Accounting Firm of the Ambac Assurance Corporation and Subsidiaries	6

Exhibit 23 Consent of Experts and Counsel

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors

Ambac Assurance Corporation:

We consent to the incorporation by reference in the registration statement (No. 333-108405) of GreenPoint Mortgage Securities LLC (the “Registrant”), Prospectus and in the Prospectus Supplement of the Registrant (the “Prospectus Supplement”), via the Form 8-K of the Registrant dated September 1, 2004 of our report dated February 27, 2004 on the consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 2003 and 2002, and for each of the years in the three-year period ended December 31, 2003, which report appears in the Annual Report on Form 10-K of Ambac Financial Group, Inc., which was filed with the Securities and Exchange Commission on March 15, 2004, and to the reference to our firm under the heading “Experts” in the Prospectus Supplement. Our report refers to changes, in 2003, in Ambac Assurance Corporation’s methods of accounting for variable interest entities and stock-based compensation.

/s/ KPMG LLP

KPMG LLP

New York, New York

September 1, 2004

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