8-K 1 gsr10_nov03.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Sec. 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 25, 2003 GS MORTGAGE SECURITIES CORP (as Depositor under the Trust Agreement, dated as of October 1, 2003 providing for the issuance of GSR Mortgage Loan Trust 2003-10 Mortgage Pass-Through Certificates, Series 2003-10) GS MORTGAGE SECURITIES CORP (Exact name of registrant as specified in its charter) Delaware 333-100818-18 13-6357101 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation or organization) Identification No.) 85 Broad Street New York, NY 10004 (Address of principal executive offices) Registrant's telephone number, including area code : (212) 902-1000 N/A (Former name or former address, if changed since last report.) Item 5. Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of GSR Mortgage Loan Trust 2003-10 Mortgage Pass-Through Certificates, Series 2003-10 pursuant to the terms of the Trust Agreement, dated as of October 1, 2003 among GS Mortgage Securities Corp., as Depositor, Wells Fargo Home Mortgage, Inc. as servicer and JPMorgan Bank, as Trustee. On November 25, 2003 distributions were made to the Certificateholders. Specific information with respect to the distributions is filed as Exhibit 99.1. Item 7. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) The following exhibit is filed as part of this report: Statement to Certificateholders on November 25, 2003 is filed as Exhibit 99.1 hereto. GS MORTGAGE SECURITIES CORP GSR Mortgage Loan Trust 2003-10 Mortgage Pass-Through Certificates, Series 2003-10 ---------------------------------------------------------------------------- SIGNATURE 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. JPMORGAN CHASE BANK Date: December 1, 2003 By: /s Mark Volosov -------------------------------------------- Mark Volosov Assistant Vice President INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Certificateholder Statement on November 25, 2003 Exhibit 99.1 Monthly Certificateholder Statement on November 25, 2003 GSR MORTGAGE LOAN TRUST 2003-10 STATEMENT TO CERTIFICATEHOLDERS November 25, 2003 ----------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ----------------------------------------------------------------------------------------------------------------------------------- Original Beginning Ending Face Principal Realized Deferred Principal Class Value Balance Principal Interest Total Losses Interest Balance ----------------------------------------------------------------------------------------------------------------------------------- IA1 319,978,000.00 319,978,000.00 1,371,529.82 1,272,118.50 2,643,648.32 0.00 0.00 318,606,470.18 IA2 28,733,000.00 28,733,000.00 463,772.18 42,860.06 506,632.24 0.00 0.00 28,269,227.82 IA3 10,832,000.00 10,832,000.00 0.00 34,481.87 34,481.87 0.00 0.00 10,832,000.00 IA4 50,000,000.00 50,000,000.00 0.00 187,916.67 187,916.67 0.00 0.00 50,000,000.00 IA5 29,735,000.00 29,735,000.00 0.00 118,215.76 118,215.76 0.00 0.00 29,735,000.00 IA6 26,615,000.00 26,615,000.00 0.00 105,811.76 105,811.76 0.00 0.00 26,615,000.00 IA7 42,821,000.00 42,821,000.00 0.00 170,241.04 170,241.04 0.00 0.00 42,821,000.00 IA8 22,789,000.00 22,789,000.00 0.00 90,600.94 90,600.94 0.00 0.00 22,789,000.00 IA10 59,565,000.00 59,565,000.00 698,207.76 236,809.21 935,016.97 0.00 0.00 58,866,792.24 IA11 100,000,000.00 100,000,000.00 428,632.54 397,564.36 826,196.90 0.00 0.00 99,571,367.46 IA12 582,000.00 582,000.00 2,494.64 2,313.82 4,808.46 0.00 0.00 579,505.36 IIA1 198,263,000.00 198,263,000.00 316,199.10 744,398.71 1,060,597.81 0.00 0.00 197,946,800.90 IIA2 5,108,000.00 5,108,000.00 8,146.48 19,178.51 27,324.99 0.00 0.00 5,099,853.52 IIIA1 25,013,000.00 25,013,000.00 32,617.74 103,729.45 136,347.19 0.00 0.00 24,980,382.26 B1 12,733,000.00 12,733,000.00 15,524.65 50,059.17 65,583.82 0.00 0.00 12,717,475.35 B2 3,773,000.00 3,773,000.00 4,600.10 14,833.37 19,433.47 0.00 0.00 3,768,399.90 B3 2,829,000.00 2,829,000.00 3,449.16 11,122.08 14,571.24 0.00 0.00 2,825,550.84 B4 1,415,000.00 1,415,000.00 1,725.19 5,563.00 7,288.19 0.00 0.00 1,413,274.81 B5 943,000.00 943,000.00 1,149.72 3,707.36 4,857.08 0.00 0.00 941,850.28 B6 1,415,208.00 1,415,208.00 1,725.44 5,563.82 7,289.26 0.00 0.00 1,413,482.56 R 100.00 100.00 100.00 0.00 100.00 0.00 0.00 0.00 TOTALS 943,142,308.00 943,142,308.00 3,349,874.52 3,617,089.46 6,966,963.98 0.00 0.00 939,792,433.48 IA9 89,565,000.00 89,565,000.00 0.00 90,819.93 90,819.93 0.00 0.00 89,101,227.82 ----------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------- Factor Information Per $1,000 of Original Face Pass-through Rates --------------------------------------------------------------------------------------------------- --------------------------- Current Beginning Ending Class Pass-thru Class CUSIP Principal Principal Interest Total Principal Rate (%) --------------------------------------------------------------------------------------------------- --------------------------- IA1 36228FXX9 1,000.00000000 4.28632537 3.97564364 8.26196901 995.71367463 IA1 4.770772 % IA2 36228FXY7 1,000.00000000 16.14075036 1.49166672 17.63241708 983.85924964 IA2 1.790000 % IA3 36228FXZ4 1,000.00000000 0.00000000 3.18333364 3.18333364 1,000.00000000 IA3 3.820000 % IA4 36228FYA8 1,000.00000000 0.00000000 3.75833340 3.75833340 1,000.00000000 IA4 4.510000 % IA5 36228FYB6 1,000.00000000 0.00000000 3.97564352 3.97564352 1,000.00000000 IA5 4.770772 % IA6 36228FYC4 1,000.00000000 0.00000000 3.97564381 3.97564381 1,000.00000000 IA6 4.770772 % IA7 36228FYD2 1,000.00000000 0.00000000 3.97564373 3.97564373 1,000.00000000 IA7 4.770772 % IA8 36228FYE0 1,000.00000000 0.00000000 3.97564351 3.97564351 1,000.00000000 IA8 4.770772 % IA10 36228FYG5 1,000.00000000 11.72177890 3.97564358 15.69742248 988.27822110 IA10 4.770772 % IA11 36228FYH3 1,000.00000000 4.28632540 3.97564360 8.26196900 995.71367460 IA11 4.770772 % IA12 36228FYJ9 1,000.00000000 4.28632302 3.97563574 8.26195876 995.71367698 IA12 4.770772 % IIA1 36228FYK6 1,000.00000000 1.59484674 3.75460227 5.34944901 998.40515326 IIA1 4.505523 % IIA2 36228FYL4 1,000.00000000 1.59484730 3.75460258 5.34944988 998.40515270 IIA2 4.505523 % IIIA1 36228FYM2 1,000.00000000 1.30403150 4.14702155 5.45105305 998.69596850 IIIA1 4.976426 % B1 36228FXQ4 1,000.00000000 1.21924527 3.93145135 5.15069662 998.78075473 B1 4.717741 % B2 36228FXR2 1,000.00000000 1.21921548 3.93145243 5.15066790 998.78078452 B2 4.717741 % B3 36228FXS0 1,000.00000000 1.21921527 3.93145281 5.15066808 998.78078473 B3 4.717741 % B4 36228FXU5 1,000.00000000 1.21921555 3.93144876 5.15066431 998.78078445 B4 4.717741 % B5 36228FXV3 1,000.00000000 1.21921527 3.93145281 5.15066808 998.78078473 B5 4.717741 % B6 36228FXW1 1,000.00000000 1.21921301 3.93145036 5.15066337 998.78078699 B6 4.717741 % R 36228FXT8 1,000.00000000 1,000.00000000 0.00000000 1,000.00000000 0.00000000 R 0.000000 % TOTALS 1,000.00000000 3.55182298 3.83514707 7.38697005 996.44817702 IA9 36228FYF7 1,000.00000000 0.00000000 1.01401139 1.01401139 994.82194853 IA9 1.216814 % --------------------------------------------------------------------------------------------------- --------------------------- If there are any questions or comments, please contact the Relationship Manager listed below. -------------------------------------- Belen Bautista JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th Floor, New York, New York 10004 Tel: (212) 623-4497 Fax: (212) 623-5930 --------------------------------------- Aggregate Schedule Principal Balance of Each Pool of Mortgage Loans Pool 1 Mortgage Loans 706,035,634.35 Pool 2 Mortgage Loans 208,148,032.03 Pool 3 Mortgage Loans 25,608,768.23 Available Distribution 7,057,783.90 Aggregate Principal Distribution Amount 3,349,874.12 Principal Prepayment Amount 2,199,983.97 Unscheduled Principal By Group Group 1 2,129,474.29 Group 2 66,573.75 Group 3 3,935.93 Interest Payment Class IA1 Accrued and Paid for Current Month 1,272,118.50 Accrued and Paid from Prior Months 0.00 Class IA2 Accrued and Paid for Current Month 42,860.06 Accrued and Paid from Prior Months 0.00 Class IA3 Accrued and Paid for Current Month 34,481.87 Accrued and Paid from Prior Months 0.00 Class IA4 Accrued and Paid for Current Month 187,916.67 Accrued and Paid from Prior Months 0.00 Class IA5 Accrued and Paid for Current Month 118,215.76 Accrued and Paid from Prior Months 0.00 Class IA6 Accrued and Paid for Current Month 105,811.76 Accrued and Paid from Prior Months 0.00 Class IA7 Accrued and Paid for Current Month 170,241.04 Accrued and Paid from Prior Months 0.00 Class IA8 Accrued and Paid for Current Month 90,600.94 Accrued and Paid from Prior Months 0.00 Class IA9 Accrued and Paid for Current Month 90,819.93 Accrued and Paid from Prior Months 0.00 Class IA10 Accrued and Paid for Current Month 236,809.21 Accrued and Paid from Prior Months 0.00 Class IA11 Accrued and Paid for Current Month 397,564.36 Accrued and Paid from Prior Months 0.00 Class IA12 Accrued and Paid for Current Month 2,313.82 Accrued and Paid from Prior Months 0.00 Class IIA1 Accrued and Paid for Current Month 744,398.71 Accrued and Paid from Prior Months 0.00 Class IIA2 Accrued and Paid for Current Month 19,178.51 Accrued and Paid from Prior Months 0.00 Class IIIA1 Accrued and Paid for Current Month 103,729.45 Accrued and Paid from Prior Months 0.00 Class B1 Accrued and Paid for Current Month 50,059.17 Accrued and Paid from Prior Months 0.00 Class B2 Accrued and Paid for Current Month 14,833.37 Accrued and Paid from Prior Months 0.00 Class B3 Accrued and Paid for Current Month 11,122.08 Accrued and Paid from Prior Months 0.00 Class B4 Accrued and Paid for Current Month 5,563.00 Accrued and Paid from Prior Months 0.00 Class B5 Accrued and Paid for Current Month 3,707.36 Accrued and Paid from Prior Months 0.00 Class B6 Accrued and Paid for Current Month 5,563.82 Accrued and Paid from Prior Months 0.00 Trust Fees Servicer Fee Paid 294,731.98 Trustee Fee Paid 1,964.88 Monthly Advances Current Period Advances 0.00 Current Period Reimbursed Advances 0.00 Aggregate Unreimbursed Advances 0.00 Trustee Advances Current Period Advances 0.00 Current Period Reimbursed Advances 0.00 Aggregate Unreimbursed Advances 0.00 Number of Outstanding Mortgage Loans 1,787 Balance of Outstanding Mortgage Loans 939,792,434.61 Number and Balance of Delinquent Loans Group 1 Principal Period Number Balance Percentage 0-29 days 0 0.00 0.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 0 0.00 0.00 % Group 2 Principal Period Number Balance Percentage 0-29 days 0 0.00 0.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 0 0.00 0.00 % Group 3 Principal Period Number Balance Percentage 0-29 days 0 0.00 0.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+ days 0 0.00 0.00 % Total 0 0.00 0.00 % Group Totals Principal Period Number Balance Percentage 0-29 days 0 0.00 0.00 % 30-59 days 0 0.00 0.00 % 60-89 days 0 0.00 0.00 % 90-119 days 0 0.00 0.00 % 120+days 0 0.00 0.00 % Total 0 0.00 0.00 % Number and Balance of Loans in Bankruptcy Group 1 Principal Number Balance Percentage 0 0.00 0.00% Group 2 Principal Number Balance Percentage 0 0.00 0.00% Group 3 Principal Number Balance Percentage 0 0.00 0.00% Group Totals Principal Number Balance Percentage 0 0.00 0.00% Number and Balance of Loans in Foreclosure Group 1 Principal Number Balance Percentage 0 0.00 0.00% Group 2 Principal Number Balance Percentage 0 0.00 0.00% Group 3 Principal Number Balance Percentage 0 0.00 0.00% Group Totals Principal Number Balance Percentage 0 0.00 0.00% Number and Balance of REO Loans Group 1 Principal Number Balance Percentage 0 0.00 0.00% Group 2 Principal Number Balance Percentage 0 0.00 0.00% Group 3 Principal Number Balance Percentage 0 0.00 0.00% Group Totals Principal Number Balance Percentage 0 0.00 0.00% Aggregate Principal Payment Scheduled Principal 1,149,890.15 Payoffs 1,739,374.37 Prepayments 460,609.60 Liquidation Proceeds 0.00 Condemnation Proceeds 0.00 Insurance Proceeds 0.00 Realized Losses 0.00 Realized Losses Group 1 0.00 Realized Losses Group 2 0.00 Realized Losses Group 3 0.00 Realized Gains 0.00 Aggregate Amount of Mortgage Loans Repurchased 0.00 Aggregate Amount of Shortfall Allocated for Current Period 0.00 Class IA1 0.00 Class IA2 0.00 Class IA3 0.00 Class IA4 0.00 Class IA5 0.00 Class IA6 0.00 Class IA7 0.00 Class IA8 0.00 Class IA9 0.00 Class IA10 0.00 Class IA11 0.00 Class IA12 0.00 Class IIA1 0.00 Class IIA2 0.00 Class IIIA1 0.00 Class B1 0.00 Class B2 0.00 Class B3 0.00 Class B4 0.00 Class B5 0.00 Class B6 0.00 Group I Senior Percentage I 97.5500 % Senior Prepayment Percentage I 100.0000 % Subordinate Percentage I 2.4500 % Subordinate Prepayment Percentage I 0.0000 % Group II Senior Percentage II 97.5499 % Senior Prepayment Percentage II 100.0000 % Subordinate Percentage II 2.4501 % Subordinate Prepayment Percentage II 0.0000 % Group III Senior Percentage III 97.5462 % Senior Prepayment Percentage III 100.0000 % Subordinate Percentage III 2.4538 % Subordinate Prepayment Percentage III 0.0000 % Aggregate Scheduled Principal 1,149,890.15 Unscheduled Principal 2,199,983.97 Beginning Balance 943,142,308.73 Ending Balance 939,792,434.61 Net Wac 4.71773 Weighted Averge Maturity 355.00 Groups Net Wac Group 1 4.77077 Net Wac Group 2 4.50552 Net Wac Group 3 4.97643 Wam Group 1 355.00 Wam Group 2 355.00 Wam Group 3 356.00 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 30, 2003

GS Mortgage Securities Corp. (Exact Name of Registrant as Specified in Charter)

Delaware	333-100818	13-6357101
(State or Other Jurisdiction of Incorporation)	(CommissionFile Number)	(IRS Employer Identification No.)

85 Broad Street New York, NY 10004 (Address of Principal Executive Offices) (Zip Code)

(212) 902-1000 Registrant's telephone number, including area code

Not Applicable (Former name or former address, if changed since last report)

Item 5. Other Events

The Registrant registered issuances of securities on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 by a Registration Statement on Form S-3 (Registration File No. 333-100818) (the “Registration Statement”). The Securities and Exchange Commission declared this Registration Statement effective at 10:30AM on December 2, 2002. Pursuant to this Registration Statement, the Registrant issued and sold $943,142,309 in aggregate principal amount of Mortgage Pass-Through Certificates, Series 2003-10. This transaction closed on October 30, 2003. In connection with this transaction, the Registrant entered into the material agreements attached hereto as exhibits.

Item 7. Financial Statements and Exhibits

A list of the Exhibits filed herewith is attached hereto.

SIGNATURE

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 autho rized.

GS Mortgage Securities Corp.

By: /s/ Samuel Ramos

Name: Samuel Ramos Title: Secretary

Dated: November 14, 2003

EXHIBIT INDEX

Exhibit No. Description

4.5.1 Trust Agreement, dated as of October 1, 2003, between GS Mortgage Securities Corp. and JPMorgan Chase Bank

4.5.2 Standard Terms to Trust Agreement (October 2003 Edition)

4.6 Form of Mortgage Pass-Through Certificates (included as part of Exhibit 4.5.1)

Filing Compare · GS MORTGAGE SEC CORP MORTGAGE PASS THR CERTS SER 2003-10