8-K 1 gsp03he2_dec.txt DECEMBER 8K 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): December 26, 2003 GOLDMAN SACHS MORTGAGE SECURITIES CORP. Mortgage Pass-Through Certificates, Series 2003-HE2 Trust (Exact name of registrant as specified in its charter) 54-6553640 New York (governing law of 333-100818-13 54-2123753 Pooling and Servicing Agreement) (Commission 54-2123754 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road 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) ITEM 5. Other Events On December 26, 2003 a distribution was made to holders of GOLDMAN SACHS MORTGAGE SECURITIES CORP., Mortgage Pass-Through Certificates, Series 2003-HE2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-HE2 Trust, relating to the December 26, 2003 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. GOLDMAN SACHS MORTGAGE SECURITIES CORP. Mortgage Pass-Through Certificates, Series 2003-HE2 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-HE2 Trust, relating to the December 26, 2003 distribution. EX-99.1

~~GOLDMAN~~GS ~~SACHS~~Mortgage ~~MORTGAGE~~Securities ~~SECURITIES~~Corp ~~CORP.~~ Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 GSP Series: 2003-HE2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1A 36228FVQ6 SEN 1.~~42000~~41875% 9997,~~669~~835,~~327~~092.7949 ~~125~~119,~~804~~525.8427 ~~673~~2,~~893~~470,643.4725 A-1B 36228FVR4 SEN 1.~~57000~~56875% 9,~~968~~785,~~727~~270.1560 13,~~911~~218.9161 67247,~~401~~108.4880 A-2 36228FVS2 SEN 1.~~44000~~43875% ~~357~~351,~~904~~237,~~256~~953.4349 ~~458~~435,~~117~~156.4599 26,~~441~~435,~~936~~355.0554 A-3A 36228FVT0 SEN 1.~~44000~~43875% 4443,~~181~~328,~~142~~778.0782 5653,~~551~~681.8605 ~~533~~918,~~212~~539.4403 A-3B 36228FWD4 SEN 1.~~31000~~30875% 8583,~~814~~499,~~435~~465.0661 9994,~~926~~102.1416 12,~~448~~494,~~174~~699.2604 A-3C 36228FWE2 SEN 1.~~64000~~63875% 34,179,000.00 4948,~~825~~231.3955 0.00 M-1 36228FVU7 MEZ 1.~~77000~~76875% 36,916,000.00 5856,~~081~~226.1740 0.00 M-2 36228FVV5 MEZ 2.~~32000~~31875% 19,196,000.00 3938,~~586~~328.4268 0.00 M-3 36228FVW3 MEZ 2.~~72000~~71875% 8,490,000.00 2019,~~526~~876.9333 0.00 M-4 36228FVX1 MEZ 4.~~07000~~06875% 14,766,000.00 5351,~~420~~734.1183 0.00 B-1 36228FVY9 SUB 4.~~87000~~86875% 7,383,000.00 3130,~~960~~953.1948 0.00 B-2 36228FVZ6 SUB 5.~~12000~~11875% 7,753,000.00 3534,~~284~~173.7677 0.00 X 36228FWA0 SEN 0.00000% 8,859,682.37 2,~~929~~910,~~251~~337.1811 0.00 P 36228FWB8 SEN 0.00000% 0.00 ~~125~~185,~~429~~031.6649 0.00 R1 GSP03HE2R RES 0.00000% 0.00 0.00 0.00 Totals ~~735~~723,~~080~~229,~~570~~243.8738 4,~~097~~090,~~678~~577.0172 512,~~164~~566,~~617~~345.7066

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1A 0.00 9895,~~995~~364,~~434~~449.3224 ~~799~~2,~~698~~590,168.3152 0.00 A-1B 0.00 9,~~901~~538,~~325~~161.6779 81260,~~313~~327.3941 0.00 A-2 0.00 ~~355~~344,~~462~~802,~~320~~597.3895 26,~~900~~870,~~053~~512.5053 0.00 A-3A 0.00 4342,~~647~~410,~~929~~239.6380 ~~589~~972,~~764~~220.3008 0.00 A-3B 0.00 8481,~~366~~004,~~260~~766.8157 12,~~548~~588,~~100~~801.4020 0.00 A-3C 0.00 34,179,000.00 4948,~~825~~231.3955 0.00 M-1 0.00 36,916,000.00 5856,~~081~~226.1740 0.00 M-2 0.00 19,196,000.00 3938,~~586~~328.4268 0.00 M-3 0.00 8,490,000.00 2019,~~526~~876.9333 0.00 M-4 0.00 14,766,000.00 5351,~~420~~734.1183 0.00 B-1 0.00 7,383,000.00 3130,~~960~~953.1948 0.00 B-2 0.00 7,753,000.00 3534,~~284~~173.7677 0.00 X 0.00 8,859,682.37 2,~~929~~910,~~251~~337.1811 0.00 P 0.00 0.00 ~~125~~185,~~429~~031.6649 0.00 R1 0.00 0.00 0.00 0.00 Totals 0.00 ~~729~~710,~~915~~662,~~953~~897.1872 916,~~262~~656,~~295~~923.7138 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 99,982,000.00 9997,~~669~~835,~~327~~092.7949 0.00 ~~673~~2,~~893~~470,643.4725 0.00 0.00 A-1B 10,000,000.00 9,~~968~~785,~~727~~270.1560 0.00 67247,~~401~~108.4880 0.00 0.00 A-2 359,936,000.00 ~~357~~351,~~904~~237,~~256~~953.4349 0.00 26,~~441~~435,~~936~~355.0554 0.00 0.00 A-3A 44,410,000.00 4443,~~181~~328,~~142~~778.0782 0.00 ~~533~~918,~~212~~539.4403 0.00 0.00 A-3B 86,436,000.00 8583,~~814~~499,~~435~~465.0661 0.00 12,~~448~~494,~~174~~699.2604 0.00 0.00 A-3C 34,179,000.00 34,179,000.00 0.00 0.00 0.00 0.00 M-1 36,916,000.00 36,916,000.00 0.00 0.00 0.00 0.00 M-2 19,196,000.00 19,196,000.00 0.00 0.00 0.00 0.00 M-3 8,490,000.00 8,490,000.00 0.00 0.00 0.00 0.00 M-4 14,766,000.00 14,766,000.00 0.00 0.00 0.00 0.00 B-1 7,383,000.00 7,383,000.00 0.00 0.00 0.00 0.00 B-2 7,753,000.00 7,753,000.00 0.00 0.00 0.00 0.00 X 8,859,~~864~~866.1027 8,859,682.37 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 738,306,~~864~~866.1027 ~~735~~723,~~080~~229,~~570~~243.8738 0.00 512,~~164~~566,~~617~~345.7066 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-1A ~~673~~2,~~893~~470,643.4725 9895,~~995~~364,~~434~~449.3224 0.~~99013257~~95381618 ~~673~~2,~~893~~470,643.4725 A-1B 67247,~~401~~108.4880 9,~~901~~538,~~325~~161.6779 0.~~99013257~~95381618 67247,~~401~~108.4880 A-2 26,~~441~~435,~~936~~355.0554 ~~355~~344,~~462~~802,~~320~~597.3895 0.~~98757090~~95795530 26,~~441~~435,~~936~~355.0554 A-3A ~~533~~918,~~212~~539.4403 4342,~~647~~410,~~929~~239.6380 0.~~98284012~~95497050 ~~533~~918,~~212~~539.4403 A-3B 12,~~448~~494,~~174~~699.2604 8481,~~366~~004,~~260~~766.8157 0.~~97605466~~93716468 12,~~448~~494,~~174~~699.2604 A-3C 0.00 34,179,000.00 1.00000000 0.00 M-1 0.00 36,916,000.00 1.00000000 0.00 M-2 0.00 19,196,000.00 1.00000000 0.00 M-3 0.00 8,490,000.00 1.00000000 0.00 M-4 0.00 14,766,000.00 1.00000000 0.00 B-1 0.00 7,383,000.00 1.00000000 0.00 B-2 0.00 7,753,000.00 1.00000000 0.00 X 0.00 8,859,682.37 0.~~99997949~~99997924 0.00 P 0.00 0.00 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 Totals 512,~~164~~566,~~617~~345.7066 ~~729~~710,~~915~~662,~~953~~897.1872 0.~~98863493~~96255762 512,~~164~~566,~~617~~345.7066

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 99,982,000.00 ~~996~~978.~~87271499~~52705977 0.00000000 624.~~74014793~~71088046 0.00000000 A-1B 10,000,000.00 ~~996~~978.~~87271500~~52706000 0.00000000 624.~~74014800~~71088000 0.00000000 A-2 359,936,000.00 ~~994~~975.~~35526435~~83446360 0.00000000 617.~~78436180~~87916613 0.00000000 A-3A 44,410,000.00 ~~994~~975.~~84670277~~65365503 0.00000000 1220.~~00658500~~68315762 0.00000000 A-3B 86,436,000.00 ~~992~~966.~~80895761~~02648908 0.00000000 1628.~~75429520~~86180573 0.00000000 A-3C 34,179,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 36,916,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 19,196,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 8,490,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 14,766,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 7,383,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 7,753,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 8,859,~~864~~866.1027 999.~~97948840~~97924348 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 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-1A 0.00000000 624.~~74014793~~71088046 ~~990~~953.~~13256706~~81617931 0.~~99013257~~95381618 624.~~74014793~~71088046 A-1B 0.00000000 624.~~74014800~~71088000 ~~990~~953.~~13256700~~81617900 0.~~99013257~~95381618 624.~~74014800~~71088000 A-2 0.00000000 617.~~78436180~~87916613 ~~987~~957.~~57090255~~95529747 0.~~98757090~~95795530 617.~~78436180~~87916613 A-3A 0.00000000 1220.~~00658500~~68315762 ~~982~~954.~~84011777~~97049764 0.~~98284012~~95497050 1220.~~00658500~~68315762 A-3B 0.00000000 1628.~~75429520~~86180573 ~~976~~937.~~05466252~~16468335 0.~~97605466~~93716468 1628.~~75429520~~86180573 A-3C 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 X 0.00000000 0.00000000 999.~~97948840~~97924348 0.~~99997949~~99997924 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 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-1A 99,982,000.00 1.~~42000~~41875% 9997,~~669~~835,~~327~~092.7949 ~~125~~119,~~804~~525.8427 0.00 0.00 A-1B 10,000,000.00 1.~~57000~~56875% 9,~~968~~785,~~727~~270.1560 13,~~911~~218.9161 0.00 0.00 A-2 359,936,000.00 1.~~44000~~43875% ~~357~~351,~~904~~237,~~256~~953.4349 ~~458~~435,~~117~~156.4599 0.00 0.00 A-3A 44,410,000.00 1.~~44000~~43875% 4443,~~181~~328,~~142~~778.0782 5653,~~551~~681.8605 0.00 0.00 A-3B 86,436,000.00 1.~~31000~~30875% 8583,~~814~~499,~~435~~465.0661 9994,~~926~~102.1416 0.00 0.00 A-3C 34,179,000.00 1.~~64000~~63875% 34,179,000.00 4948,~~825~~231.3955 0.00 0.00 M-1 36,916,000.00 1.~~77000~~76875% 36,916,000.00 5856,~~081~~226.1740 0.00 0.00 M-2 19,196,000.00 2.~~32000~~31875% 19,196,000.00 3938,~~586~~328.4268 0.00 0.00 M-3 8,490,000.00 2.~~72000~~71875% 8,490,000.00 2019,~~526~~876.9333 0.00 0.00 M-4 14,766,000.00 4.~~07000~~06875% 14,766,000.00 5351,~~420~~734.1183 0.00 0.00 B-1 7,383,000.00 4.~~87000~~86875% 7,383,000.00 3130,~~960~~953.1948 0.00 0.00 B-2 7,753,000.00 5.~~12000~~11875% 7,753,000.00 3534,~~284~~173.7677 0.00 0.00 X 8,859,~~864~~866.1027 0.00000% 8,859,682.37 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 738,306,~~864~~866.1027 1995,~~042,997~~209.1712 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-1A 0.00 0.00 ~~125~~119,~~804~~525.8427 0.00 9895,~~995~~364,~~434~~449.3224 A-1B 0.00 0.00 13,~~911~~218.9161 0.00 9,~~901~~538,~~325~~161.6779 A-2 0.00 0.00 ~~458~~435,~~117~~156.4599 0.00 ~~355~~344,~~462~~802,~~320~~597.3895 A-3A 0.00 0.00 5653,~~551~~681.8605 0.00 4342,~~647~~410,~~929~~239.6380 A-3B 0.00 0.00 9994,~~926~~102.1416 0.00 8481,~~366~~004,~~260~~766.8157 A-3C 0.00 0.00 4948,~~825~~231.3955 0.00 34,179,000.00 M-1 0.00 0.00 5856,~~081~~226.1740 0.00 36,916,000.00 M-2 0.00 0.00 3938,~~586~~328.4268 0.00 19,196,000.00 M-3 0.00 0.00 2019,~~526~~876.9333 0.00 8,490,000.00 M-4 0.00 0.00 5351,~~420~~734.1183 0.00 14,766,000.00 B-1 0.00 0.00 3130,~~960~~953.1948 0.00 7,383,000.00 B-2 0.00 0.00 3534,~~284~~173.7677 0.00 7,753,000.00 X 0.00 0.00 2,~~929~~910,~~251~~337.1811 0.00 8,859,682.37 P 0.00 0.00 ~~125~~185,~~429~~031.6649 0.00 0.01 R1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,~~097~~090,~~678~~577.0172 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-1A 99,982,000.00 1.~~42000~~41875% ~~996~~978.~~87271499~~52705977 1.~~25827489~~19546788 0.00000000 0.00000000 A-1B 10,000,000.00 1.~~57000~~56875% ~~996~~978.~~87271500~~52706000 1.~~39119100~~32186100 0.00000000 0.00000000 A-2 359,936,000.00 1.~~44000~~43875% ~~994~~975.~~35526435~~83446360 1.~~27277474~~20898435 0.00000000 0.00000000 A-3A 44,410,000.00 1.~~44000~~43875% ~~994~~975.~~84670277~~65365503 1.~~27340374~~20876041 0.00000000 0.00000000 A-3B 86,436,000.00 1.~~31000~~30875% ~~992~~966.~~80895761~~02648908 1.~~15607085~~08869175 0.00000000 0.00000000 A-3C 34,179,000.00 1.~~64000~~63875% 1000.00000000 1.~~45777788~~41114573 0.00000000 0.00000000 M-1 36,916,000.00 1.~~77000~~76875% 1000.00000000 1.~~57333324~~52309026 0.00000000 0.00000000 M-2 19,196,000.00 2.~~32000~~31875% 1000.00000000 21.~~06222234~~99670140 0.00000000 0.00000000 M-3 8,490,000.00 2.~~72000~~71875% 1000.00000000 2.~~41777739~~34114605 0.00000000 0.00000000 M-4 14,766,000.00 4.~~07000~~06875% 1000.00000000 3.~~61777800~~50364554 0.00000000 0.00000000 B-1 7,383,000.00 4.~~87000~~86875% 1000.00000000 4.~~32888934~~19253420 0.00000000 0.00000000 B-2 7,753,000.00 5.~~12000~~11875% 1000.00000000 4.~~55111054~~40781246 0.00000000 0.00000000 X 8,859,~~864~~866.1027 0.00000% 999.~~97948840~~97924348 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 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-1A 0.00000000 0.00000000 1.~~25827489~~19546788 0.00000000 ~~990~~953.~~13256706~~81617931 A-1B 0.00000000 0.00000000 1.~~39119100~~32186100 0.00000000 ~~990~~953.~~13256700~~81617900 A-2 0.00000000 0.00000000 1.~~27277474~~20898435 0.00000000 ~~987~~957.~~57090255~~95529747 A-3A 0.00000000 0.00000000 1.~~27340374~~20876041 0.00000000 ~~982~~954.~~84011777~~97049764 A-3B 0.00000000 0.00000000 1.~~15607085~~08869175 0.00000000 ~~976~~937.~~05466252~~16468335 A-3C 0.00000000 0.00000000 1.~~45777788~~41114573 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~57333324~~52309026 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 21.~~06222234~~99670140 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~41777739~~34114605 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~61777800~~50364554 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.~~32888934~~19253420 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~55111054~~40781246 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~330~~328.~~62032859~~48544451 0.00000000 999.~~97948840~~97924348 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 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 916,~~232~~767,~~160~~059.8168 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0324,954.0032 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~125~~185,~~429~~031.6649 Total Deposits 917,~~357~~277,~~590~~045.4749 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~210~~620,~~617~~122.1011 Payment of Interest and Principal 916,~~136~~656,~~866~~923.0338 Total Withdrawals (Pool Distribution Amount) 917,~~347~~277,~~483~~045.1349 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~208~~205,~~779~~266.4537 Credit Risk Manager Fee 9,944.43 Servicer Fee 403,102.59 Trustee Fee 1,~~837~~808.6572 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~210~~620,~~617~~122.1011

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS 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 37 0 0 37 ~~337~~1,~~895~~107,281.6806 0.00 0.00 ~~337~~1,~~895~~107,281.6806 30 Days 4350 21 0 0 4551 6,~~397~~997,~~607~~358.4281 ~~235~~96,~~594~~875.2543 0.00 0.00 67,~~633~~094,~~201~~234.6724 60 Days 4 01 06 0 411 ~~467~~530,~~755~~465.8658 059,396.0085 0986,450.0056 0.00 ~~467~~1,~~755~~576,312.8699 90 Days 0 02 1018 0 1020 0.00 0235,362.0067 12,~~271~~844,~~979~~121.4439 0.00 13,~~271~~079,~~979~~484.4406 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4754 511 1024 0 6289 67,~~865~~527,~~363~~824.2839 ~~573~~1,~~489~~498,916.9301 13,~~271~~830,~~979~~571.4495 0.00 812,~~710~~857,~~832~~312.6535 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.~~064865~~154867% 0.000000% 0.000000% 0.~~064865~~154867% 0.~~046292~~155810% 0.000000% 0.000000% 0.~~046292~~155810% 30 Days 01.~~929730~~106195% 0.~~043243~~022124% 0.000000% 0.000000% 01.~~972973~~128319% 0.~~876485~~984624% 0.~~032277~~013632% 0.000000% 0.000000% 0.~~908762~~998256% 60 Days 0.~~086486~~088496% 0.~~000000~~022124% 0.~~000000~~132743% 0.000000% 0.~~086486~~243363% 0.~~064084~~074644% 0.~~000000~~008358% 0.~~000000~~138807% 0.000000% 0.~~064084~~221809% 90 Days 0.000000% 0.~~000000~~044248% 0.~~216216~~398230% 0.000000% 0.~~216216~~442478% 0.000000% 0.~~000000~~033119% 0.~~174264~~400207% 0.000000% 0.~~174264~~433326% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~016216~~194690% 0.~~108108~~243363% 0.~~216216~~530973% 0.000000% 1.~~340541~~969027% 01.~~940569~~059268% 0.~~078569~~210918% 0.~~174264~~539014% 0.000000% 1.~~193402~~809200%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~513323~~509231% Weighted Average Net Coupon 7.~~172496~~168648% Weighted Average Pass-Through Rate 6.~~484592~~480310% Weighted Average Maturity(Stepdown Calculation ) ~~352~~350 Beginning Scheduled Collateral Loan Count 4,~~648~~591 Number Of Loans Paid In Full 2371 Ending Scheduled Collateral Loan Count 4,~~625~~520 Beginning Scheduled Collateral Balance ~~735~~723,~~080~~229,~~570~~243.8838 Ending Scheduled Collateral Balance ~~729~~710,~~915~~662,~~953~~897.1872 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~729~~710,~~915~~662,~~953~~897.1872 Monthly P &I Constant 5,~~211~~129,~~719~~361.1504 Special Servicing Fee 0.00 Prepayment Penalties ~~125~~185,~~429~~031.6649 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~729~~710,~~915~~662,~~953~~897.1872 Scheduled Principal ~~609~~603,~~304~~614.2566 Unscheduled Principal 411,~~555~~962,~~313~~731.4500

Miscellaneous Reporting Excess Cash Amount 2,~~929~~910,~~251~~337.1811 Extra Principal Amount 0.00 Overcollateralization Amount 8,859,682.37 Overcollateralization Deficiency Amount 0.00 Overcollateralization Reduction Amount 0.00 Specified Overcollateralization Amount 8,859,682.37 ~~Step~~Overcollateralization ~~Down~~Increase DoAmount ~~Not~~0.00 ~~Stepdown~~ Target Overcollateralization Amount 8,859,682.37 Step Down Do Not Stepdown Trigger Event Not Triggered PMI Income 0.00

Filing Compare · GS MORTGAGE SEC CORP MORT PASS THR CERTS SER 2003-HE2