GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Goldman Sachs & Co.

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Long Beach Mortgage Corp.

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Goldman, Sachs & Co.

7. Foreclosure Report

8. Prepayment Report

9. Prepayment Detail Report

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

January 01, 2006

Hang Luu

Close Date:

January 27, 2006

Administrator

First Distribution Date:

February 27, 2006

(714) 247-6000

hang-thai.luu@db.com

Address:

Distribution Date:

May 25, 2006

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

April 28, 2006

Factor Information:

(800) 735-7777

May 24, 2006

Main Phone Number:

(714) 247-6000

https://www.tss.db.com/invr

Page 1 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution

Certificate Payment Report
Current Period Distribution -
				Prior						Current
	Class		Original	Principal			Total	Realized	Deferred	Principal

Class	Type	Cur	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance

				(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-1	FLT/STEP	$	273,339,000.00	249,415,924.54	1,059,737.49	8,315,306.28	9,375,043.77	0.00	0.00	241,100,618.26

A-2A	FLT/STEP	$	53,999,000.00	48,091,377.34	202,330.81	2,053,402.03	2,255,732.84	0.00	0.00	46,037,975.31
A-2B	FLT/STEP	$	13,500,000.00	13,500,000.00	57,922.26	0.00	57,922.26	0.00	0.00	13,500,000.00
M-1	FLT/STEP	$	47,546,000.00	47,546,000.00	214,694.21	0.00	214,694.21	0.00	0.00	47,546,000.00
M-2	FLT/STEP	$	41,087,000.00	41,087,000.00	192,717.76	0.00	192,717.76	0.00	0.00	41,087,000.00
M-3	FLT/STEP	$	12,662,000.00	12,662,000.00	60,234.87	0.00	60,234.87	0.00	0.00	12,662,000.00
M-4	FIX/STEP	$	13,695,000.00	13,695,000.00	68,465.22	0.00	68,465.22	0.00	0.00	13,695,000.00
M-5	FIX/STEP	$	12,146,000.00	12,146,000.00	63,251.39	0.00	63,251.39	0.00	0.00	12,146,000.00
M-6	FIX/STEP	$	9,561,000.00	9,561,000.00	55,764.54	0.00	55,764.54	0.00	0.00	9,561,000.00
B-1	SUB	$	9,819,000.00	9,819,000.00	64,632.52	0.00	64,632.52	0.00	0.00	9,819,000.00
B-2	SUB	$	8,786,000.00	8,786,000.00	57,832.91	0.00	57,832.91	0.00	0.00	8,786,000.00
X	EXE	$	20,672,864.78	27,137,272.26	0.00	0.00	0.00	0.00	1,912,988.88	29,050,261.14
X-1	EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P	EXE	$	0.00	0.00	120,755.84	0.00	120,755.84	0.00	0.00	0.00
R	RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total			516,812,864.78	493,446,574.14	2,218,339.82	10,368,708.31	12,587,048.13	0.00	1,912,988.88	484,990,854.71





Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
						Orig. Principal	Prior				Current

	Period		Period			(with Notional)	Principal			Total	Principal
Class	Starting		Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance

						(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	04/25/06		05/24/06	A-Act/360	3623412J7	273,339,000.00	912.478368	3.877008	30.421222	34.298230	882.057146

A-2A	04/25/06		05/24/06	A-Act/360	3623413A5	53,999,000.00	890.597554	3.746936	38.026668	41.773604	852.570887
A-2B	04/25/06		05/24/06	A-Act/360	3623413B3	13,500,000.00	1,000.000000	4.290538	0.000000	4.290538	1,000.000000
M-1	04/25/06		05/24/06	A-Act/360	3623412K4	47,546,000.00	1,000.000000	4.515505	0.000000	4.515505	1,000.000000
M-2	04/25/06		05/24/06	A-Act/360	3623412L2	41,087,000.00	1,000.000000	4.690480	0.000000	4.690480	1,000.000000
M-3	04/25/06		05/24/06	A-Act/360	3623412M0	12,662,000.00	1,000.000000	4.757137	0.000000	4.757137	1,000.000000
M-4	04/01/06		04/30/06	F-30/360	3623412N8	13,695,000.00	1,000.000000	4.999286	0.000000	4.999286	1,000.000000
M-5	04/01/06		04/30/06	F-30/360	3623412P3	12,146,000.00	1,000.000000	5.207590	0.000000	5.207590	1,000.000000
M-6	04/01/06		04/30/06	F-30/360	3623412Q1	9,561,000.00	1,000.000000	5.832501	0.000000	5.832501	1,000.000000
B-1	04/01/06		04/30/06	F-30/360	3623412R9	9,819,000.00	1,000.000000	6.582393	0.000000	6.582393	1,000.000000
B-2	04/01/06		04/30/06	F-30/360	3623412S7	8,786,000.00	1,000.000000	6.582394	0.000000	6.582394	1,000.000000
X	04/01/06		04/30/06	F-30/360	3623412T5	20,672,864.78	1,312.700129	0.000000	0.000000	0.000000	1,405.236354
X-1	04/01/06		04/30/06	F-30/360	3623412U2	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
P	04/01/06		04/30/06	F-30/360	3623412V0	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R	04/01/06		04/30/06	F-30/360	362412W8	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 2 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution


Distribution to Date -
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
	(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	273,339,000.00	4,179,237.74	31,259,757.19	978,624.55	32,238,381.74	36,417,619.48	0.00	0.00	241,100,618.26
A-2A	53,999,000.00	808,395.21	7,719,360.76	241,663.93	7,961,024.69	8,769,419.90	0.00	0.00	46,037,975.31
A-2B	13,500,000.00	217,440.04	0.00	0.00	0.00	217,440.04	0.00	0.00	13,500,000.00
M-1	47,546,000.00	807,879.82	0.00	0.00	0.00	807,879.82	0.00	0.00	47,546,000.00
M-2	41,087,000.00	726,408.87	0.00	0.00	0.00	726,408.87	0.00	0.00	41,087,000.00
M-3	12,662,000.00	227,181.06	0.00	0.00	0.00	227,181.06	0.00	0.00	12,662,000.00
M-4	13,695,000.00	273,859.93	0.00	0.00	0.00	273,859.93	0.00	0.00	13,695,000.00
M-5	12,146,000.00	253,004.66	0.00	0.00	0.00	253,004.66	0.00	0.00	12,146,000.00
M-6	9,561,000.00	223,057.38	0.00	0.00	0.00	223,057.38	0.00	0.00	9,561,000.00
B-1	9,819,000.00	258,529.18	0.00	0.00	0.00	258,529.18	0.00	0.00	9,819,000.00
B-2	8,786,000.00	231,330.83	0.00	0.00	0.00	231,330.83	0.00	0.00	8,786,000.00
X	20,672,864.78	0.00	(8,109,774.24)	(267,622.12)	0.00	0.00	0.00	8,377,396.36	29,050,261.14
X-1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P	0.00	338,935.03	0.00	0.00	0.00	338,935.03	0.00	0.00	0.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	516,812,864.78	8,545,259.75	30,869,343.71	952,666.36	40,199,406.43	48,744,666.18	0.00	8,377,396.36	484,990,854.71


Interest Detail -
	Pass	Prior Principal		Non-	Prior	Unscheduled		Paid or	Current


	Through	(with Notional)	Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid

Class	Rate	Balance	Interest	Interest SF	Interest	Adjustment	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	5.09938%	249,415,924.54	1,059,888.81	151.32	0.00	0.00	1,059,737.49	1,059,737.49	0.00
A-2A	5.04938%	48,091,377.34	202,359.70	28.89	0.00	0.00	202,330.81	202,330.81	0.00
A-2B	5.14938%	13,500,000.00	57,930.53	8.27	0.00	0.00	57,922.26	57,922.26	0.00
M-1	5.41938%	47,546,000.00	214,724.87	30.66	0.00	0.00	214,694.21	214,694.21	0.00
M-2	5.62938%	41,087,000.00	192,745.28	27.52	0.00	0.00	192,717.76	192,717.76	0.00
M-3	5.70938%	12,662,000.00	60,243.47	8.60	0.00	0.00	60,234.87	60,234.87	0.00
M-4	6.00000%	13,695,000.00	68,475.00	9.78	0.00	0.00	68,465.22	68,465.22	0.00
M-5	6.25000%	12,146,000.00	63,260.42	9.03	0.00	0.00	63,251.39	63,251.39	0.00
M-6	7.00000%	9,561,000.00	55,772.50	7.96	0.00	0.00	55,764.54	55,764.54	0.00
B-1	7.90000%	9,819,000.00	64,641.75	9.23	0.00	0.00	64,632.52	64,632.52	0.00
B-2	7.90000%	8,786,000.00	57,841.17	8.26	0.00	0.00	57,832.91	57,832.91	0.00
X	0.00000%	27,137,272.26	0.00	0.00	0.00	0.00	0.00	1,912,988.88	0.00
X-1	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	120,755.84	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		493,446,574.14	2,097,883.50	299.52	0.00	0.00	2,097,583.98	4,131,328.70	0.00



Page 3 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

8,421,436.50

Principal Withrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

8,421,436.50

Interest Collections

4,074,998.36

Interest Withdrawals

-1,936.45

Interest Other Accounts

120,755.84

Interest Fees

-28,206.14

TOTAL NET INTEREST

4,165,611.61

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

12,587,048.11

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

235,588.20

Prepayments In Full

8,138,093.57

Curtailments

47,754.73

Liquidations

34,282.93

Insurance Principal

0.00

Repurchased Principal Amounts

0.00

Other Principal

0.00

Principal Realized Loss

-34,282.93

Delinquent Principal

-206,962.17

Advanced Principal

206,962.17

TOTAL PRINCIPAL COLLECTED

8,421,436.50

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

Total

TOTAL OTHER ACCOUNTS PRINCIPAL

0.00

Page 4 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

4,254,439.10

Liquidation Interest

311.40

Repurchased Interest

0.00

Insurance Interest

0.00

Other Interest

0.00

Relief Act Interest Shortfalls

-299.52

Prepayment Interest Shortfalls

-33,224.73

Compensating Interest

33,224.73

Delinquent Interest

-3,722,971.48

Interest Loss

-1,936.45

Interest Advanced

3,543,518.86

TOTAL INTEREST COLLECTED

4,074,998.36

INTEREST - WITHDRAWALS

Total

Nonrecoverable Advances

0.00

Servicer Expenses

0.00

TOTAL INTEREST WITHDRAWALS

1,936.45

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

120,755.84

TOTAL INTEREST OTHER ACCOUNTS

120,755.84

INTEREST - FEES

Total

Current Servicing Fees

26,150.11

Current Trustee Fees

2,056.03

TOTAL INTEREST OTHER FEES

28,206.14

Page 5 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Account

Beginning Account Balance

0.00

Account Deposit

0.00

Account Payment Due

0.00

Account Withdrawal

0.00

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Total

Overcollateralization Amount

29,050,261.14

Specified Overcollateralized Amount

40,828,216.32

Overcollateralization Deficiency Amount

11,777,955.18

Overcollateralization Release Amount

0.00

Total Monthly Excess Spread

1,947,271.81

Page 6 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

9,077

Prior

8,746

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-131

Repurchases

-0

Liquidations

-1

Current

8,614

Principal Balance:

Original

516,812,864.78

Prior

493,446,574.14

Prefunding

0.00

Scheduled Principal

-235,588.20

Partial Prepayments

-47,754.73

Full Voluntary Prepayments

-8,138,093.57

Repurchases

-0.00

Liquidations

-34,282.93

Current

484,990,854.71

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates
Asset Backed Certificates
May 25, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

														Total
Weighted Average Coupon Original														10.35166%
Weighted Average Coupon Prior														10.35204%
Weighted Average Coupon Current														10.34702%
Weighted Average Months to Maturity Original														350
Weighted Average Months to Maturity Prior														348
Weighted Average Months to Maturity Current														347
Weighted Avg Remaining Amortization Term Original														351
Weighted Avg Remaining Amortization Term Prior														348
Weighted Avg Remaining Amortization Term Current														347
Weighted Average Seasoning Original														5.73
Weighted Average Seasoning Prior														7.72
Weighted Average Seasoning Current														8.72

Page 8 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates
Asset Backed Certificates
May 25, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

				Total
	Weighted Average Margin Original			0.00000%
	Weighted Average Margin Prior			0.00000%
	Weighted Average Margin Current			0.00000%
	Weighted Average Max Rate Original			0.00000%
	Weighted Average Max Rate Prior			0.00000%
	Weighted Average Max Rate Current			0.00000%
	Weighted Average Min Rate Original			0.00000%
	Weighted Average Min Rate Prior			0.00000%
	Weighted Average Min Rate Current			0.00000%
	Weighted Average Cap Up Original			0.00000%
	Weighted Average Cap Up Prior			0.00000%
	Weighted Average Cap Up Current			0.00000%
	Weighted Average Cap Down Original			0.00000%
	Weighted Average Cap Down Prior			0.00000%
	Weighted Average Cap Down Current			0.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

				Total




Current Servicing Fees			26,150.11
Delinquent Servicing Fees			179,452.62
TOTAL SERVICING FEES			205,602.76


Compensating Interest			-33,224.73
Delinquent Servicing Fees			-179,452.62
COLLECTED SERVICING FEES			(7,074.59)


Total Advanced Interest			3,543,518.86
Total Advanced Principal			206,962.17
Aggregate Advances with respect to this Distribution			3,750,481.03






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
					Total
		Net Prepayment Interest Shortfall			0.00

		Current LIBOR Rate			4.959380%

		Next LIBOR Rate			5.08%

		Subsequent Recoveries for Charge Off Loan(s)			0.00
		Charge Off Loan(s)			0.00




Page 9 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution

Delinquency Report


TOTAL	0-30	31-60	61-90	91-120	121-150	151-180	181+	TOTAL

DELINQUENT Balance % Balance # Loans % # Loans
		9,086,201.41	3,780,266.76	2,284,955.64	350,691.23	70,873.14	0.00	15,572,988.18
		1.87%	0.78%	0.47%	0.07%	0.01%	0.00%	3.21%
		150	57	32	8	1	0	248
		1.74%	0.66%	0.37%	0.09%	0.01%	0.00%	2.88%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	71,968.14	594,055.50	1,299,675.65	2,418,207.34	919,068.60	0.00	5,302,975.23
	0.00%	0.01%	0.12%	0.27%	0.50%	0.19%	0.00%	1.09%
	0	1	8	15	24	12	0	60
	0.00%	0.01%	0.09%	0.17%	0.28%	0.14%	0.00%	0.70%
BANKRUPTCY Balance % Balance # Loans % # Loans
	312,724.81	0.00	54,194.47	45,843.51	55,784.74	0.00	0.00	468,547.53
	0.06%	0.00%	0.01%	0.01%	0.01%	0.00%	0.00%	0.10%
	7	0	2	1	2	0	0	12
	0.08%	0.00%	0.02%	0.01%	0.02%	0.00%	0.00%	0.14%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	61,473.22	0.00	0.00	61,473.22
	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.01%
	0	0	0	0	2	0	0	2
	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.02%
TOTAL Balance % Balance # Loans % # Loans
	312,724.81	9,158,169.55	4,428,516.73	3,630,474.80	2,886,156.53	989,941.74	0.00	21,405,984.16
	0.06%	1.89%	0.91%	0.75%	0.60%	0.20%	0.00%	4.41%
	7	151	67	48	36	13	0	322
	0.08%	1.75%	0.78%	0.56%	0.42%	0.15%	0.00%	3.74%

Page 10 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Became REO Property this Period:

6536581 1

19,822.00

19,774.47

01-Nov-2005

11.950%

NC - 100.00%

360

01-Oct-2005

6539348 1

41,799.00

41,698.75

01-Nov-2005

11.950%

NC - 100.00%

360

01-Oct-2005

TOTAL

61,621.00

61,473.22

Page 11 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution

Foreclosure Report
Loan Number		Original		Stated		Current	State &		First

&		Principal		Principal	Paid to	Note	LTV at	Original	Payment
Loan Group		Balance		Balance	Date	Rate	Origination	Term	Date


Became Foreclosure Property this Period:
6377774 1		72,440.00		71,968.14	01-Feb-2006	10.750%	IL - 100.00%	360	01-Mar-2005
6490613 1		152,600.00		151,957.36	01-Nov-2005	10.900%	IL - 100.00%	360	01-Aug-2005
6501514 1		136,978.00		136,457.85	01-Dec-2005	10.900%	CA - 100.00%	360	01-Aug-2005
6502986 1		147,380.00		146,778.49	01-Nov-2005	11.450%	IL - 100.00%	360	01-Sep-2005
6508518 1		43,494.00		43,287.83	01-Nov-2005	9.850%	WA - 100.00%	360	01-Aug-2005
6513055 1		26,000.00		25,921.38	01-Jan-2006	11.450%	IL - 100.00%	360	01-Sep-2005
6516508 1		84,000.00		83,643.12	01-Jan-2006	9.850%	CA - 100.00%	360	01-Sep-2005
6519135 1		48,000.00		47,795.66	01-Oct-2005	9.850%	IL - 100.00%	360	01-Sep-2005
6521323 1		50,000.00		49,683.91	01-Nov-2005	11.450%	IL - 100.00%	360	01-Oct-2005
6527123 1		139,600.00		139,074.96	01-Nov-2005	9.850%	IL - 100.00%	360	01-Oct-2005
6529250 1		107,000.00		106,545.37	01-Jan-2006	9.850%	IL - 100.00%	360	01-Sep-2005
6532526 1		53,000.00		52,819.63	01-Jan-2006	10.900%	IL - 100.00%	360	01-Sep-2005
6535689 1		27,000.00		26,918.73	01-Jan-2006	10.900%	WI - 100.00%	360	01-Oct-2005
6538419 1		155,000.00		154,417.07	01-Nov-2005	9.850%	GA - 100.00%	360	01-Oct-2005
6541773 1		181,000.00		180,516.16	01-Dec-2005	11.450%	CA - 100.00%	360	01-Oct-2005
6544249 1		78,000.00		76,318.01	01-Jan-2006	8.850%	WA - 100.00%	360	01-Oct-2005
6548255 1		94,000.00		93,774.68	01-Dec-2005	11.950%	CA - 100.00%	360	01-Oct-2005
6552892 1		71,800.00		71,597.34	01-Dec-2005	11.200%	AZ - 100.00%	360	01-Oct-2005
6554875 1		29,100.00		29,012.39	01-Dec-2005	10.900%	WI - 100.00%	360	01-Oct-2005
6556693 1		140,000.00		139,473.43	01-Jan-2006	9.850%	NY - 100.00%	360	01-Oct-2005


TOTAL	1,836,392.00		1,827,961.51

Became Foreclosure Property in a Prior Period:
6387088 1		83,000.00		82,415.83	01-Jan-2006	10.000%	IL - 100.00%	360	01-Mar-2005
6473040 1		31,000.00		30,869.69	01-Nov-2005	10.900%	IL - 100.00%	360	01-Jul-2005
6484525 1		69,990.00		69,753.87	01-Nov-2005	11.450%	CA - 100.00%	360	01-Aug-2005
6502533 1		55,265.00		55,030.18	01-Dec-2005	9.850%	FL - 100.00%	360	01-Sep-2005
6509415 1		136,000.00		135,422.13	01-Nov-2005	9.850%	IL - 100.00%	360	01-Sep-2005
6509898 1		72,000.00		71,694.09	01-Oct-2005	9.850%	NJ - 100.00%	360	01-Sep-2005
6510446 1		17,000.00		16,923.48	01-Oct-2005	10.100%	CO - 100.00%	360	01-Aug-2005
6511824 1		159,800.00		159,188.87	01-Dec-2005	10.350%	CA - 100.00%	360	01-Sep-2005
6513063 1		142,000.00		141,516.90	01-Nov-2005	10.900%	AZ - 100.00%	360	01-Sep-2005
6513067 1		170,000.00		169,314.69	01-Oct-2005	10.100%	CO - 100.00%	360	01-Sep-2005
6514488 1		39,000.00		38,882.13	01-Oct-2005	11.450%	UT - 100.00%	360	01-Sep-2005
6514533 1		88,500.00		88,143.24	01-Dec-2005	10.100%	WA - 100.00%	360	01-Sep-2005
6515638 1		35,000.00		34,880.19	01-Dec-2005	10.900%	IL - 100.00%	360	01-Sep-2005
6515685 1		163,000.00		162,270.38	01-Nov-2005	9.600%	NV - 99.90%	360	01-Sep-2005
6516927 1		78,000.00		77,707.92	01-Oct-2005	10.450%	NJ - 100.00%	360	01-Sep-2005
6518541 1		190,000.00		189,285.42	01-Nov-2005	9.850%	GA - 98.94%	360	01-Oct-2005
6518551 1		170,000.00		169,239.04	01-Nov-2005	9.600%	NV - 100.00%	360	01-Sep-2005
6522249 1		24,800.00		24,720.83	01-Nov-2005	11.200%	FL - 100.00%	360	01-Sep-2005
6522699 1		79,000.00		78,761.28	01-Oct-2005	11.450%	CA - 100.00%	360	01-Sep-2005
6522864 1		113,000.00		112,519.89	01-Nov-2005	9.850%	CA - 100.00%	360	01-Sep-2005



Page 12 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution

Loan Number		Original		Stated		Current	State &		First
&		Principal		Principal	Paid to	Note	LTV at	Original	Payment
Loan Group		Balance		Balance	Date	Rate	Origination	Term	Date

6523097 1
		79,800.00		79,460.92	01-Oct-2005	9.850%	MI - 100.00%	360	01-Sep-2005

6524880 1		38,600.00		37,740.89	01-Dec-2005	10.100%	TN - 100.00%	180	01-Sep-2005
6525791 1		39,800.00		39,654.56	01-Oct-2005	11.450%	CA - 100.00%	360	01-Sep-2005
6526708 1		120,400.00		120,078.18	01-Oct-2005	11.450%	CA - 100.00%	360	01-Oct-2005
6529373 1		111,000.00		110,528.39	01-Dec-2005	9.850%	CA - 100.00%	360	01-Sep-2005
6529824 1		85,600.00		85,278.00	01-Oct-2005	9.850%	CA - 100.00%	360	01-Oct-2005
6530657 1		58,400.00		58,151.82	01-Nov-2005	9.850%	IL - 100.00%	360	01-Sep-2005
6531948 1		90,000.00		89,727.97	01-Nov-2005	11.450%	CA - 100.00%	360	01-Sep-2005
6534688 1		57,600.00		57,383.38	01-Nov-2005	9.850%	IL - 99.86%	360	01-Oct-2005
6539795 1		93,800.00		93,517.69	01-Oct-2005	10.900%	IL - 100.00%	360	01-Oct-2005
6541050 1		62,800.00		62,632.13	01-Nov-2005	11.450%	CA - 100.00%	360	01-Oct-2005
6542702 1		75,000.00		74,751.44	01-Nov-2005	10.450%	MI - 100.00%	360	01-Oct-2005
6544730 1		115,200.00		114,892.02	01-Dec-2005	11.450%	CA - 100.00%	360	01-Oct-2005
6545574 1		33,556.00		33,466.24	01-Dec-2005	11.450%	GA - 100.00%	360	01-Oct-2005
6548369 1		67,000.00		66,810.90	01-Nov-2005	11.200%	CA - 100.00%	360	01-Oct-2005
6551081 1		28,400.00		28,331.95	01-Nov-2005	11.950%	ID - 100.00%	360	01-Oct-2005
6556943 1		130,600.00		130,108.86	01-Nov-2005	9.850%	CA - 100.00%	360	01-Oct-2005
6557306 1		33,250.00		33,126.24	01-Dec-2005	9.900%	IL - 100.00%	360	01-Oct-2005
6560814 1		121,800.00		121,320.97	01-Dec-2005	9.850%	CA - 100.00%	360	01-Oct-2005
6563139 1		130,000.00		129,511.12	01-Nov-2005	9.850%	CA - 100.00%	360	01-Oct-2005


TOTAL	3,488,961.00		3,475,013.72


TOTAL	5,325,353.00		5,302,975.23



Page 13 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

131

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

131

Curtailments Amount

47,754.73

Paid in Full Balance

8,138,093.57

Repurchased Loans Balance

0.00

Total Prepayment Amount

8,185,848.30

Cumulative

Number of Paid in Full Loans

462

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

462

Paid in Full Balance

30,487,716.95

Repurchased Loans Balance

0.00

Curtailments Amount

347,343.83

Total Prepayment Amount

30,835,060.78

Page 14 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates
Asset Backed Certificates
May 25, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	1.67%
3 Months Avg SMM	1.70%
12 Months Avg SMM	1.53%
Avg SMM Since Cut-off	1.53%



CPR	18.26%
3 Months Avg CPR	18.59%
12 Months Avg CPR	16.89%
Avg CPR Since Cut-off	16.89%



PSA	1,047.41%
3 Months Avg PSA Approximation	1,203.23%
12 Months Avg PSA Approximation	1,168.83%
Avg PSA Since Cut-off Approximation	1,168.83%

Page 15 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 16 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &		Type Prepayment		First

&	Loan	Principal	Prepayment	Prepayment		Note	LTV at		&		Payment
Loan Group	Status	Balance	Amount	Date		Rate	Origination		Original Term		Date

6241398 1		97,000.00	93,677.99	28-Apr-2006		9.750%		CA - 94.92%		Paid Off - 240		01-Jun-2004

6449026 1		44,000.00	43,796.78	07-Apr-2006		10.450%		IL - 100.00%		Paid Off - 360		01-Jun-2005
6457265 1		89,980.00	89,659.60	19-Apr-2006		11.200%		NJ - 100.00%		Paid Off - 360		01-Jun-2005
6457629 1		47,600.00	47,353.27	19-Apr-2006		9.900%		CA - 100.00%		Paid Off - 360		01-Jun-2005
6471151 1		54,529.00	54,355.69	06-Apr-2006		11.450%		MO - 100.00%		Paid Off - 360		01-Jul-2005
6472384 1		33,000.00	32,888.59	10-Apr-2006		11.450%		IL - 100.00%		Paid Off - 360		01-Jul-2005
6473641 1		22,000.00	21,917.35	25-Apr-2006		10.950%		KS - 100.00%		Paid Off - 360		01-Jul-2005
6480743 1		89,000.00	88,641.16	26-Apr-2006		10.100%		CA - 100.00%		Paid Off - 360		01-Aug-2005
6483621 1		45,780.00	45,598.52	11-Apr-2006		10.200%		MD - 100.00%		Paid Off - 360		01-Aug-2005
6496828 1		51,400.00	51,225.11	27-Apr-2006		10.900%		IL - 100.00%		Paid Off - 360		01-Aug-2005
6498464 1		116,000.00	115,507.20	21-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Aug-2005
6501355 1		83,600.00	83,285.54	27-Apr-2006		9.850%		NJ - 100.00%		Paid Off - 360		01-Sep-2005
6502132 1		39,630.00	39,470.20	19-Apr-2006		10.100%		AK - 100.00%		Paid Off - 360		01-Aug-2005
6502593 1		54,000.00	53,836.82	24-Apr-2006		11.450%		FL - 100.00%		Paid Off - 360		01-Aug-2005
6503101 1		57,600.00	57,383.38	27-Apr-2006		9.850%		MA - 100.00%		Paid Off - 360		01-Sep-2005
6503279 1		41,580.00	41,423.58	28-Apr-2006		9.850%		AK - 100.00%		Paid Off - 360		01-Sep-2005
6503570 1		57,190.00	56,946.85	20-Apr-2006		9.900%		WA - 99.99%		Paid Off - 360		01-Aug-2005
6503915 1		52,000.00	51,842.87	28-Apr-2006		11.450%		CA - 100.00%		Paid Off - 360		01-Aug-2005
6504751 1		22,000.00	21,745.81	26-Apr-2006		10.450%		PA - 100.00%		Paid Off - 360		01-Sep-2005
6505367 1		101,000.00	100,592.85	25-Apr-2006		10.100%		NJ - 100.00%		Paid Off - 360		01-Aug-2005
6506389 1		74,000.00	73,652.46	21-Apr-2006		9.850%		NJ - 100.00%		Paid Off - 360		01-Aug-2005
6506481 1		76,600.00	76,274.54	13-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Aug-2005
6506582 1		70,109.00	69,760.99	04-Apr-2006		9.100%		IL - 100.00%		Paid Off - 360		01-Aug-2005
6506587 1		100,000.00	99,579.51	12-Apr-2006		9.900%		CA - 100.00%		Paid Off - 360		01-Aug-2005
6507924 1		44,678.00	44,536.11	20-Apr-2006		10.650%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6508429 1		52,530.00	52,331.51	03-Apr-2006		9.900%		IL - 100.00%		Paid Off - 360		01-Sep-2005
6509192 1		90,000.00	89,731.95	13-Apr-2006		10.950%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6510173 1		38,000.00	37,856.71	21-Apr-2006		10.900%		FL - 100.00%		Paid Off - 360		01-Sep-2005
6510251 1		103,000.00	102,539.64	12-Apr-2006		9.900%		MD - 100.00%		Paid Off - 360		01-Aug-2005
6510329 1		31,238.00	31,084.67	03-Apr-2006		9.100%		WA - 100.00%		Paid Off - 360		01-Sep-2005
6510805 1		60,500.00	60,274.82	28-Apr-2006		9.900%		CA - 91.98%		Paid Off - 360		01-Sep-2005
6511811 1		63,000.00	62,831.54	03-Apr-2006		11.450%		CA - 95.00%		Paid Off - 360		01-Sep-2005
6513275 1		122,400.00	121,963.21	05-Apr-2006		10.100%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6515059 1		37,000.00	36,858.94	21-Apr-2006		11.450%		AZ - 100.00%		Paid Off - 360		01-Sep-2005
6515271 1		82,000.00	81,646.52	04-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6515474 1		47,800.00	47,641.62	11-Apr-2006		10.450%		IL - 100.00%		Paid Off - 360		01-Sep-2005
6515536 1		125,000.00	124,421.68	27-Apr-2006		8.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6515915 1		32,600.00	32,483.58	03-Apr-2006		10.100%		IL - 100.00%		Paid Off - 360		01-Sep-2005
6515997 1		58,800.00	58,605.18	18-Apr-2006		10.450%		WA - 99.98%		Paid Off - 360		01-Sep-2005
6516012 1		64,000.00	63,819.41	07-Apr-2006		11.200%		CA - 100.00%		Paid Off - 360		01-Sep-2005


Page 17 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &		Type Prepayment		First

&	Loan	Principal	Prepayment	Prepayment		Note	LTV at		&		Payment
Loan Group	Status	Balance	Amount	Date		Rate	Origination		Original Term		Date

6516043 1		63,000.00	62,775.14	25-Apr-2006		10.100%		CA - 100.00%		Paid Off - 360		01-Sep-2005

6516667 1		88,400.00	88,133.87	27-Apr-2006		10.900%		NJ - 100.00%		Paid Off - 360		01-Sep-2005
6516869 1		44,000.00	43,875.82	26-Apr-2006		11.200%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6516940 1		54,000.00	53,823.08	04-Apr-2006		11.450%		FL - 100.00%		Paid Off - 360		01-Sep-2005
6517583 1		91,500.00	91,173.51	12-Apr-2006		10.100%		AZ - 95.00%		Paid Off - 360		01-Sep-2005
6518034 1		58,400.00	58,129.75	03-Apr-2006		8.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6518471 1		61,000.00	60,772.96	18-Apr-2006		9.900%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6518554 1		57,400.00	57,184.10	21-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6519848 1		100,000.00	99,623.92	19-Apr-2006		9.850%		NY - 100.00%		Paid Off - 360		01-Sep-2005
6520460 1		51,000.00	50,856.08	27-Apr-2006		11.200%		FL - 100.00%		Paid Off - 360		01-Sep-2005
6520855 1		28,800.00	28,697.17	05-Apr-2006		10.100%		MA - 100.00%		Paid Off - 360		01-Sep-2005
6521151 1		90,800.00	90,458.53	11-Apr-2006		9.850%		VA - 100.00%		Paid Off - 360		01-Sep-2005
6521394 1		81,000.00	80,753.55	24-Apr-2006		10.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6521801 1		34,000.00	33,844.44	14-Apr-2006		9.850%		WA - 100.00%		Paid Off - 360		01-Oct-2005
6522130 1		44,000.00	43,875.24	26-Apr-2006		11.200%		CA - 92.94%		Paid Off - 360		01-Sep-2005
6522663 1		29,200.00	29,117.61	20-Apr-2006		11.200%		WA - 100.00%		Paid Off - 360		01-Sep-2005
6522715 1		59,160.00	58,899.97	04-Apr-2006		9.100%		WA - 100.00%		Paid Off - 360		01-Sep-2005
6523020 1		46,000.00	45,849.21	11-Apr-2006		9.850%		NJ - 100.00%		Paid Off - 360		01-Oct-2005
6523132 1		55,400.00	55,241.96	10-Apr-2006		11.150%		MD - 100.00%		Paid Off - 360		01-Sep-2005
6523157 1		77,200.00	76,909.62	04-Apr-2006		9.850%		MA - 100.00%		Paid Off - 360		01-Sep-2005
6523266 1		60,000.00	59,830.71	05-Apr-2006		11.200%		MD - 100.00%		Paid Off - 360		01-Sep-2005
6523977 1		173,000.00	172,479.24	03-Apr-2006		10.900%		FL - 100.00%		Paid Off - 360		01-Sep-2005
6524096 1		34,875.00	34,769.95	17-Apr-2006		10.900%		NJ - 95.00%		Paid Off - 360		01-Sep-2005
6524190 1		23,400.00	23,323.27	03-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6524594 1		115,000.00	114,623.10	19-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6524678 1		15,200.00	15,144.04	05-Apr-2006		10.450%		MD - 100.00%		Paid Off - 360		01-Oct-2005
6524779 1		118,000.00	117,548.58	07-Apr-2006		10.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6524814 1		150,000.00	149,508.39	27-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6524826 1		45,000.00	44,839.41	06-Apr-2006		10.100%		NC - 100.00%		Paid Off - 360		01-Sep-2005
6525072 1		82,000.00	81,785.00	04-Apr-2006		10.900%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6526272 1		93,000.00	92,695.17	25-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6526428 1		87,800.00	87,469.77	20-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6526946 1		31,320.00	31,013.35	24-Apr-2006		10.100%		GA - 100.00%		Paid Off - 360		01-Sep-2005
6526976 1		52,980.00	52,820.35	11-Apr-2006		10.900%		MD - 100.00%		Paid Off - 360		01-Sep-2005
6527250 1		80,000.00	79,803.36	03-Apr-2006		11.200%		CA - 88.88%		Paid Off - 360		01-Oct-2005
6527677 1		60,000.00	59,819.37	25-Apr-2006		10.900%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6527842 1		41,000.00	40,845.80	25-Apr-2006		9.850%		FL - 100.00%		Paid Off - 360		01-Sep-2005
6528076 1		49,000.00	48,830.78	11-Apr-2006		9.600%		FL - 100.00%		Paid Off - 360		01-Oct-2005
6528877 1		37,000.00	36,877.36	19-Apr-2006		10.450%		WA - 100.00%		Paid Off - 360		01-Sep-2005
6529403 1		28,000.00	27,713.32	17-Apr-2006		9.850%		FL - 100.00%		Paid Off - 360		01-Sep-2005
6529964 1		56,000.00	55,816.45	05-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6530078 1		64,000.00	63,790.22	07-Apr-2006		9.850%		NY - 100.00%		Paid Off - 360		01-Oct-2005


Page 18 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates

May 25, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &		Type Prepayment		First

&	Loan	Principal	Prepayment	Prepayment		Note	LTV at		&		Payment
Loan Group	Status	Balance	Amount	Date		Rate	Origination		Original Term		Date

6530504 1		75,000.00	74,717.87	25-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005

6530660 1		60,800.00	60,571.33	14-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6530950 1		57,946.00	57,691.26	28-Apr-2006		9.100%		IL - 100.00%		Paid Off - 360		01-Sep-2005
6533127 1		99,800.00	99,428.52	11-Apr-2006		9.900%		OR - 100.00%		Paid Off - 360		01-Sep-2005
6534030 1		133,000.00	132,518.24	28-Apr-2006		10.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6535069 1		80,400.00	80,183.24	03-Apr-2006		11.450%		NV - 100.00%		Paid Off - 360		01-Sep-2005
6535160 1		17,000.00	16,960.44	03-Apr-2006		11.450%		CA - 85.15%		Paid Off - 360		01-Oct-2005
6536133 1		87,000.00	86,672.75	26-Apr-2006		9.850%		CA - 100.00%		Paid Off - 360		01-Sep-2005
6537195 1		13,980.00	13,934.98	25-Apr-2006		10.900%		PA - 100.00%		Paid Off - 360		01-Oct-2005
6537517 1		58,000.00	57,824.60	26-Apr-2006		10.450%		PA - 100.00%		Paid Off - 360		01-Oct-2005
6537548 1		25,400.00	25,088.07	13-Apr-2006		11.950%		IL - 100.00%		Paid Off - 360		01-Oct-2005
6538777 1		35,500.00	35,383.60	03-Apr-2006		9.850%		GA - 100.00%		Paid Off - 360		01-Oct-2005
6539413 1		56,000.00	55,825.86	28-Apr-2006		10.100%		IL - 100.00%		Paid Off - 360		01-Oct-2005
6539544 1		75,000.00	74,766.81	21-Apr-2006		10.100%		MD - 100.00%		Paid Off - 360		01-Oct-2005
6539688 1		56,830.00	45,440.44	13-Apr-2006		11.450%		CA - 99.99%		Paid Off - 360		01-Oct-2005
6540168 1		23,400.00	23,305.57	13-Apr-2006		8.850%		FL - 100.00%		Paid Off - 360		01-Oct-2005
6540172 1		43,600.00	43,485.65	04-Apr-2006		10.900%		MD - 100.00%		Paid Off - 360		01-Oct-2005
6540510 1		11,200.00	11,165.26	07-Apr-2006		10.900%		GA - 100.00%		Paid Off - 360		01-Oct-2005
6541409 1		38,580.00	38,490.16	21-Apr-2006		11.450%		IL - 100.00%		Paid Off - 360		01-Oct-2005
6541437 1		66,000.00	65,826.92	03-Apr-2006		10.900%		WV - 100.00%		Paid Off - 360		01-Oct-2005
6541637 1		33,900.00	33,801.07	04-Apr-2006		10.400%		OR - 100.00%		Paid Off - 360		01-Oct-2005
6541833 1		24,000.00	23,874.66	10-Apr-2006		8.850%		IL - 100.00%		Paid Off - 360		01-Aug-2005
6542493 1		21,800.00	21,734.44	25-Apr-2006		10.900%		MI - 100.00%		Paid Off - 360		01-Oct-2005
6542518 1		15,500.00	15,449.74	10-Apr-2006		9.900%		NC - 100.00%		Paid Off - 360		01-Oct-2005
6542934 1		200,000.00	199,351.38	24-Apr-2006		9.900%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6543525 1		21,000.00	20,939.31	18-Apr-2006		10.450%		WI - 100.00%		Paid Off - 360		01-Oct-2005
6543616 1		31,000.00	30,898.40	03-Apr-2006		9.850%		IL - 98.45%		Paid Off - 360		01-Oct-2005
6543829 1		31,200.00	31,127.32	17-Apr-2006		11.450%		OR - 100.00%		Paid Off - 360		01-Oct-2005
6544162 1		46,000.00	45,908.33	07-Apr-2006		12.200%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6544517 1		71,000.00	70,813.79	11-Apr-2006		10.900%		VA - 100.00%		Paid Off - 360		01-Oct-2005
6545267 1		23,000.00	22,816.79	25-Apr-2006		9.100%		PA - 100.00%		Paid Off - 360		01-Oct-2005
6545542 1		57,800.00	57,654.83	24-Apr-2006		11.100%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6545754 1		22,000.00	21,942.64	17-Apr-2006		11.450%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6546038 1		110,000.00	109,708.50	07-Apr-2006		10.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6548439 1		39,800.00	39,663.07	07-Apr-2006		9.850%		CO - 100.00%		Paid Off - 360		01-Oct-2005
6549129 1		87,000.00	86,769.45	28-Apr-2006		10.850%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6549485 1		94,900.00	94,604.94	11-Apr-2006		10.100%		NY - 99.89%		Paid Off - 360		01-Oct-2005
6550846 1		74,000.00	73,783.49	26-Apr-2006		11.450%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6551177 1		73,000.00	72,830.08	04-Apr-2006		11.450%		CA - 100.00%		Paid Off - 360		01-Oct-2005
6551887 1		16,400.00	16,361.77	14-Apr-2006		11.450%		PA - 100.00%		Paid Off - 360		01-Oct-2005
6552513 1		38,000.00	37,854.38	27-Apr-2006		9.100%		MD - 100.00%		Paid Off - 360		01-Oct-2005
6552520 1		27,000.00	26,928.28	19-Apr-2006		10.900%		IL - 100.00%		Paid Off - 360		01-Oct-2005


Page 19 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

6553816 1

40,180.00

40,074.61

21-Apr-2006

10.900%

MD - 100.00%

Paid Off - 360

01-Oct-2005

6556768 1

89,000.00

88,812.15

04-Apr-2006

11.900%

CA - 100.00%

Paid Off - 360

01-Oct-2005

6557460 1

35,000.00

34,908.20

06-Apr-2006

10.900%

IL - 90.00%

Paid Off - 360

01-Oct-2005

6558058 1

129,000.00

128,676.04

28-Apr-2006

11.100%

CA - 100.00%

Paid Off - 360

01-Oct-2005

6559032 1

98,000.00

97,771.89

27-Apr-2006

11.450%

CA - 100.00%

Paid Off - 360

01-Oct-2005

6559824 1

120,000.00

119,606.75

17-Apr-2006

9.850%

CA - 100.00%

Paid Off - 360

01-Oct-2005

6564316 1

114,000.00

113,759.43

19-Apr-2006

11.900%

CA - 100.00%

Paid Off - 360

01-Oct-2005

TOTAL

8,180,895.00

8,138,093.57

Page 20 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES

Total

Current

Number of Loans Liquidated

Collateral Principal Realized Loss/(Gain) Amount

34,282.93

Collateral Interest Realized Loss/(Gain) Amount

1,936.45

Net Liquidation Proceeds

(1,936.45)

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

36,219.38

Net Liquidation Proceeds

0.00

Page 21 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates
Asset Backed Certificates
May 25, 2006 Distribution


DEFAULT SPEEDS

															Total



MDR															0.01%
3 Months Avg MDR															0.00%
12 Months Avg MDR															0.00%
Avg MDR Since Cut-off															0.00%


CDR															0.08%
3 Months Avg CDR															0.03%
12 Months Avg CDR															0.02%
Avg CDR Since Cut-off															0.02%


SDA															0.48%
3 Months Avg SDA Approximation															0.18%
12 Months Avg SDA Approximation															0.14%
Avg SDA Since Cut-off Approximation															0.14%


Loss Severity Approximation for Current Period															100.00%
3 Months Avg Loss Severity Approximation															33.33%
12 Months Avg Loss Severity Approximation															25.00%
Avg Loss Severity Approximation Since Cut-off															25.00%

Page 22 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY

Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR)^12)

SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)

Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.

Dates correspond to distribution dates.

Page 23 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

6495227 1

10.900%

GA - 100.00%

360

34,282.93

36,219.38

TOTAL

34,282.93

36,219.38

Page 24 of 27

GSAMP Trust 2006-S1

Asset Backed Certificates

May 25, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Stepdown Date has occurred (0 = No, 1=Yes)

Trigger Event in effect - a) or b) (0=No , 1=Yes)

a) Does a Delinquency Trigger Event Exists

b) Does a Loss Trigger Event Exists (0=No,1=Yes)

Balances 60+ days includes Bankruptcy and Foreclosure

8,752,992.07

Ending Balance

484,990,854.71

Senior Enhancement Percentage

38.0115%

Cumulative Loss Percentage

0.0070%

Delinquency Percentage

1.8048%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Net Monthly Excess Cashflow

0.00

Net Monthly Excess Cashflow Alloc to Losses

0.00

Net Monthly Excess Cashflow Alloc to Unpaid Int

0.00

Basis Risk CarryForward Amount Paid

0.00

Basis Risk CarryForward Amount Unpaid

0.00

Libor Rate Determination Date

04/21/2006

Page 25 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates
Asset Backed Certificates
May 25, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	Interest CarryFwd Due	Interest CarryFwd Paid	Basis Risk CarryFwd Unpaid	Basis Risk CarryFwd Paid
CLASS

	A-1	5.2213%	$0.00	$0.00	$0.00	$0.00
		5.2213%	$0.00	$0.00	$0.00	$0.00
	A-2A	5.1713%	$0.00	$0.00	$0.00	$0.00
		5.1713%	$0.00	$0.00	$0.00	$0.00
	A-2B	5.2713%	$0.00	$0.00	$0.00	$0.00
		5.2713%	$0.00	$0.00	$0.00	$0.00
	M-1	5.5413%	$0.00	$0.00	$0.00	$0.00
		5.5413%	$0.00	$0.00	$0.00	$0.00
	M-2	5.7513%	$0.00	$0.00	$0.00	$0.00
		5.7513%	$0.00	$0.00	$0.00	$0.00
	M-3	5.8313%	$0.00	$0.00	$0.00	$0.00
		5.8313%	$0.00	$0.00	$0.00	$0.00
	M-4	6.0000%	$0.00	$0.00	$0.00	$0.00
		6.0000%	$0.00	$0.00	$0.00	$0.00
	M-5	6.2500%	$0.00	$0.00	$0.00	$0.00
		6.2500%	$0.00	$0.00	$0.00	$0.00
	M-6	7.0000%	$0.00	$0.00	$0.00	$0.00
		7.0000%	$0.00	$0.00	$0.00	$0.00
	B-1	7.9000%	$0.00	$0.00	$0.00	$0.00
		7.9000%	$0.00	$0.00	$0.00	$0.00
	B-2	7.9000%	$0.00	$0.00	$0.00	$0.00
		7.9000%	$0.00	$0.00	$0.00	$0.00
	X	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00
	X-1	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00
	P	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00
	R	0.0000%	$0.00	$0.00	$0.00	$0.00
		0.0000%	$0.00	$0.00	$0.00	$0.00




Page 26 of 27

GSAMP Trust 2006-S1



Asset Backed Certificates
Asset Backed Certificates
May 25, 2006 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current Scheduled Payments														4,490,027.30
Current Scheduled Payments 1 Month Prior														4,586,609.71
Current Scheduled Payments 2 Month Prior														4,650,605.77
Current Scheduled Payments 3 Month Prior														4,698,749.29
Current Scheduled Payments 4 Month Prior														0.00
Current Scheduled Payments 5 Month Prior														0.00
Current Scheduled Payments 6 Month Prior														0.00
Current Scheduled Payments 7 Month Prior														0.00
Current Scheduled Payments 8 Month Prior														0.00
Current Scheduled Payments 9 Month Prior														0.00
Current Scheduled Payments 10 Month Prior														0.00
Current Scheduled Payments 11 Month Prior														0.00

Delinquent 60+ Scheduled Payments														0.00
Delinq. 60+ Sched. Pmnts, 1 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 2 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 3 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 4 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 5 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior														0.00





Page 27 of 27

GSAMP Trust 2006-S1 10-D