8-K 1 gsa05003_10506.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): June 27, 2005 GSAA HOME EQUITY TRUST Asset Backed Certificates, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120274-10 Pooling and Servicing Agreement) (Commission 54-2168112 (State or other File Number) 54-2168113 jurisdiction 54-6654306 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 June 27, 2005 a distribution was made to holders of GSAA HOME EQUITY TRUST, Asset Backed Certificates, Series 2005-3 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 2005-3 Trust, relating to the June 27, 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 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 6/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-3 Trust, relating to the June 27, 2005 distribution. EX-99.1

GS Mortgage Securities Corp Asset Backed Certificates Record Date: 45/2931/2005 Distribution Date: 56/2527/2005 GS Mortgage Securities Corp Asset Backed Certificates Series GSAA Home Equity Trust 2005-3 Contact: CTSLink Customer Service Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 @ www.ctslink.com/cmbs Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest ~~Principal~~ Class CUSIP Description Rate Balance Distribution ~~Distribution~~ A-1 36242DWR0 SEN 3.~~15000~~22000% ~~193~~179,~~222~~848,~~577~~363.7573 ~~507~~530,~~209~~852.2742 ~~13,374,214.02~~ A-2 36242DWS8 SEN 3.~~24000~~31000% 63,889,000.00 ~~172~~193,~~500~~849.3087 ~~0.00~~ A-3 36242DWT6 SEN 3.~~36000~~43000% 66,764,000.00 ~~186~~209,~~939~~917.2014 ~~0.00~~ M-1 36242DWU3 SEN 3.~~47000~~54000% 19,177,000.00 5562,~~453~~229.4937 ~~0.00~~ M-2 36242DWV1 SEN 3.~~72000~~79000% 9,781,000.00 3033,~~321~~980.1082 ~~0.00~~ B-1 36242DWW9 SEN 4.~~27000~~34000% 4,219,000.00 1516,~~012~~784.6159 ~~0.00~~ B-2 36242DWX7 SEN 4.~~32000~~39000% 1,342,000.00 45,~~831~~400.2043 ~~0.00~~ B-3 36242DWY5 SEN 5.~~17000~~24000% 1,918,000.00 89,~~263~~212.3879 ~~0.00~~ Class X 36242DWZ2 SEN 0.00000% 2,301,299.59 ~~713~~613,~~799~~949.5793 ~~0.00~~ Class P 36242DXA6 SEN 0.00000% 0.01 49134,~~191~~021.8639 ~~0.00~~ Class R 36242DXB4 SEN 0.00000% 0.00 0.00 ~~0.00~~ Totals ~~362~~349,~~613~~239,~~877~~663.3533 1,~~743~~810,~~521~~198.~~98 13,374,214.02~~75

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 11,739,860.48 0.00 ~~179~~168,~~848~~108,~~363~~503.7325 1312,~~881~~270,~~423~~712.2990 0.00 A-2 0.00 0.00 63,889,000.00 ~~172~~193,~~500~~849.3087 0.00 A-3 0.00 0.00 66,764,000.00 ~~186~~209,~~939~~917.2014 0.00 M-1 0.00 0.00 19,177,000.00 5562,~~453~~229.4937 0.00 M-2 0.00 0.00 9,781,000.00 3033,~~321~~980.1082 0.00 B-1 0.00 0.00 4,219,000.00 1516,~~012~~784.6159 0.00 B-2 0.00 0.00 1,342,000.00 45,~~831~~400.2043 0.00 B-3 0.00 0.00 1,918,000.00 89,~~263~~212.3879 0.00 Class X 0.00 0.00 2,301,299.59 ~~713~~613,~~799~~949.5793 0.00 Class P 0.00 0.00 0.01 49134,~~191~~021.8639 0.00 Class R 0.00 0.00 0.00 0.00 0.00 Totals 11,739,860.48 0.00 ~~349~~337,~~239~~499,~~663~~802.3385 1513,~~117~~550,~~736~~059.0023 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-1 214,158,000.00 ~~193~~179,~~222~~848,~~577~~363.7573 0.00 1311,~~374~~739,~~214~~860.0248 0.00 0.00 A-2 63,889,000.00 63,889,000.00 0.00 0.00 0.00 0.00 A-3 66,764,000.00 66,764,000.00 0.00 0.00 0.00 0.00 M-1 19,177,000.00 19,177,000.00 0.00 0.00 0.00 0.00 M-2 9,781,000.00 9,781,000.00 0.00 0.00 0.00 0.00 B-1 4,219,000.00 4,219,000.00 0.00 0.00 0.00 0.00 B-2 1,342,000.00 1,342,000.00 0.00 0.00 0.00 0.00 B-3 1,918,000.00 1,918,000.00 0.00 0.00 0.00 0.00 Class X 0.00 2,301,299.59 0.00 0.00 0.00 0.00 Class P 0.01 0.01 0.00 0.00 0.00 0.00 Class R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 381,248,000.01 ~~362~~349,~~613~~239,~~877~~663.3533 0.00 1311,~~374~~739,~~214~~860.0248 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 1311,~~374~~739,~~214~~860.0248 ~~179~~168,~~848~~108,~~363~~503.7325 0.~~83979288~~78497419 1311,~~374~~739,~~214~~860.0248 A-2 0.00 63,889,000.00 1.00000000 0.00 A-3 0.00 66,764,000.00 1.00000000 0.00 M-1 0.00 19,177,000.00 1.00000000 0.00 M-2 0.00 9,781,000.00 1.00000000 0.00 B-1 0.00 4,219,000.00 1.00000000 0.00 B-2 0.00 1,342,000.00 1.00000000 0.00 B-3 0.00 1,918,000.00 1.00000000 0.00 Class X 0.00 2,301,299.59 0.00000000 0.00 Class P 0.00 0.01 1.00000000 0.00 Class R 0.00 0.00 0.00000000 0.00 Totals 1311,~~374~~739,~~214~~860.0248 ~~349~~337,~~239~~499,~~663~~802.3385 0.~~91604327~~88525003 1311,~~374~~739,~~214~~860.0248

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 214,158,000.00 ~~902~~839.~~24309972~~79288063 0.00000000 6254.~~45021909~~81868751 0.00000000 A-2 63,889,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 66,764,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 19,177,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 9,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 4,219,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 1,342,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 1,918,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 Class X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 Class R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Class 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 6254.~~45021909~~81868751 ~~839~~784.~~79288063~~97419312 0.~~83979288~~78497419 6254.~~45021909~~81868751 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 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 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 Class X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 Class R 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-1 214,158,000.00 3.~~15000~~22000% ~~193~~179,~~222~~848,~~577~~363.7573 ~~507~~530,~~209~~852.2742 0.00 0.00 A-2 63,889,000.00 3.~~24000~~31000% 63,889,000.00 ~~172~~193,~~500~~849.3087 0.00 0.00 A-3 66,764,000.00 3.~~36000~~43000% 66,764,000.00 ~~186~~209,~~939~~917.2014 0.00 0.00 M-1 19,177,000.00 3.~~47000~~54000% 19,177,000.00 5562,~~453~~229.4937 0.00 0.00 M-2 9,781,000.00 3.~~72000~~79000% 9,781,000.00 3033,~~321~~980.1082 0.00 0.00 B-1 4,219,000.00 4.~~27000~~34000% 4,219,000.00 1516,~~012~~784.6159 0.00 0.00 B-2 1,342,000.00 4.~~32000~~39000% 1,342,000.00 45,~~831~~400.2043 0.00 0.00 B-3 1,918,000.00 5.~~17000~~24000% 1,918,000.00 89,~~263~~212.3879 0.00 0.00 Class X 0.00 0.00000% ~~362~~349,~~613~~239,~~877~~663.3432 0.00 0.00 0.00 Class P 0.01 0.00000% 0.01 0.00 0.00 0.00 Class R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 381,248,000.01 ~~980~~1,~~530~~062,227.5543 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 ~~507~~530,~~209~~852.2742 0.00 ~~179~~168,~~848~~108,~~363~~503.7325 A-2 0.00 0.00 ~~172~~193,~~500~~849.3087 0.00 63,889,000.00 A-3 0.00 0.00 ~~186~~209,~~939~~917.2014 0.00 66,764,000.00 M-1 0.00 0.00 5562,~~453~~229.4937 0.00 19,177,000.00 M-2 0.00 0.00 3033,~~321~~980.1082 0.00 9,781,000.00 B-1 0.00 0.00 1516,~~012~~784.6159 0.00 4,219,000.00 B-2 0.00 0.00 45,~~831~~400.2043 0.00 1,342,000.00 B-3 0.00 0.00 89,~~263~~212.3879 0.00 1,918,000.00 Class X 0.00 0.00 ~~713~~613,~~799~~949.5793 0.00 ~~349~~337,~~239~~499,~~663~~802.3284 Class P 0.00 0.00 49134,~~191~~021.8639 0.00 0.01 Class R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~743~~810,~~521~~198.9875 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-1 214,158,000.00 3.~~15000~~22000% ~~902~~839.~~24309972~~79288063 2.~~36838815~~47878865 0.00000000 0.00000000 A-2 63,889,000.00 3.~~24000~~31000% 1000.00000000 23.~~70000000~~03416660 0.00000000 0.00000000 A-3 66,764,000.00 3.~~36000~~43000% 1000.00000000 23.~~80000000~~14416662 0.00000000 0.00000000 M-1 19,177,000.00 3.~~47000~~54000% 1000.00000000 23.~~89166658~~24500026 0.00000000 0.00000000 M-2 9,781,000.00 3.~~72000~~79000% 1000.00000000 3.~~10000000~~47416624 0.00000000 0.00000000 B-1 4,219,000.00 4.~~27000~~34000% 1000.00000000 3.~~55833373~~97833373 0.00000000 0.00000000 B-2 1,342,000.00 4.~~32000~~39000% 1000.00000000 34.~~60000000~~02416542 0.00000000 0.00000000 B-3 1,918,000.00 5.~~17000~~24000% 1000.00000000 4.~~30833160~~80333160 0.00000000 0.00000000 Class X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 Class R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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.~~36838815~~47878865 0.00000000 ~~839~~784.~~79288063~~97419312 A-2 0.00000000 0.00000000 23.~~70000000~~03416660 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 23.~~80000000~~14416662 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 23.~~89166658~~24500026 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~10000000~~47416624 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~55833373~~97833373 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 34.~~60000000~~02416542 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~30833160~~80333160 0.00000000 1000.00000000 Class X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Class P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Class R 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 1513,~~280~~527,~~093~~358.1137 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 0134,021.0039 Total Deposits 1513,~~280~~661,~~093~~379.1176 Withdrawals Reimbursement for Servicer Advances ~~46,773~~0.9900 Payment of Service Fee ~~115~~111,~~583~~320.1253 Payment of Interest and Principal 1513,~~117~~550,~~736~~059.0023 Total Withdrawals (Pool Distribution Amount) 1513,~~280~~661,~~093~~379.1176 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~113~~109,~~316~~137.6552 Securities Administration Fee 2,~~266~~183.4701 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~115~~111,~~583~~320.1253

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2344 0 0 0 2344 510,~~273~~081,~~829~~888.7654 0.00 0.00 0.00 510,~~273~~081,~~829~~888.7654 60 Days 104 0 0 0 104 2776,~~331,242~~526.7294 0.00 0.00 0.00 2776,~~331,242~~526.7294 90 Days 1 0 0 0 1 ~~193~~117,~~527~~853.9455 0.00 0.00 0.00 ~~193~~117,~~527~~853.9455 120 Days 1 0 0 0 1 ~~286~~193,~~056~~339.9751 0.00 0.00 0.00 ~~286~~193,~~056~~339.9751 150 Days 20 0 0 0 20 ~~908,434~~0.3300 0.00 0.00 0.00 ~~908,434~~0.3300 180+ Days 02 0 0 0 02 0907,574.0038 0.00 0.00 0.00 0907,574.0038 Totals 3752 0 0 0 3752 812,~~993~~077,~~091~~182.7292 0.00 0.00 0.00 812,~~993~~077,~~091~~182.7292 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 12.~~473414~~915838% 0.000000% 0.000000% 0.000000% 12.~~473414~~915838% 12.~~510089~~987228% 0.000000% 0.000000% 0.000000% 12.~~510089~~987228% 60 Days 0.~~640615~~265076% 0.000000% 0.000000% 0.000000% 0.~~640615~~265076% 0.~~667519~~230082% 0.000000% 0.000000% 0.000000% 0.~~667519~~230082% 90 Days 0.~~064061~~066269% 0.000000% 0.000000% 0.000000% 0.~~064061~~066269% 0.~~055414~~034920% 0.000000% 0.000000% 0.000000% 0.~~055414~~034920% 120 Days 0.~~064061~~066269% 0.000000% 0.000000% 0.000000% 0.~~064061~~066269% 0.~~081909~~057286% 0.000000% 0.000000% 0.000000% 0.~~081909~~057286% 150 Days 0.~~128123~~000000% 0.000000% 0.000000% 0.000000% 0.~~128123~~000000% 0.~~260118~~000000% 0.000000% 0.000000% 0.000000% 0.~~260118~~000000% 180+ Days 0.~~000000~~132538% 0.000000% 0.000000% 0.000000% 0.~~000000~~132538% 0.~~000000~~268911% 0.000000% 0.000000% 0.000000% 0.~~000000~~268911% Totals 23.~~370275~~445991% 0.000000% 0.000000% 0.000000% 23.~~370275~~445991% 23.~~575049~~578427% 0.000000% 0.000000% 0.000000% 23.~~575049~~578427%

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class R 36,437,000.01 9.49993651% 38,738,299.60 11.~~09218215~~47802140% 0.000000% 0.000000% Class M-1 17,260,000.01 4.50006598% 19,561,299.60 5.~~60111054~~79594401% 5.~~491072~~682077% 0.000000% Class M-2 7,479,000.01 1.94994169% 9,780,299.60 2.~~80045500~~89786824% 2.~~800656~~898076% 0.000000% Class B-1 3,260,000.01 0.84995453% 5,561,299.60 1.~~59240206~~64779344% 1.~~208053~~250075% 0.000000% Class B-2 1,918,000.01 0.50006527% 4,219,299.60 1.~~20813872~~25016357% 0.~~384263~~397630% 0.000000% Class B-3 0.01 0.00000000% 2,301,299.60 0.~~65894566~~68186695% 0.~~549193~~568297% 0.000000% Class X 0.01 0.00000000% 0.01 0.00000000% 0.~~658946~~681867% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~152346~~142078% Weighted Average Net Coupon 5.~~777346~~767078% Weighted Average Pass-Through Rate 5.~~769846~~759578% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count 1,~~606~~561 Number Of Loans Paid In Full 4552 Ending Scheduled Collateral Loan Count 1,~~561~~509 Beginning Scheduled Collateral Balance ~~362~~349,~~613~~239,~~877~~663.3432 Ending Scheduled Collateral Balance ~~349~~337,~~239~~499,~~663~~802.3284 Ending Actual Collateral Balance at 2931-~~Apr~~May-2005 ~~349~~337,~~239~~499,~~663~~802.3284 Monthly P &I Constant 2,~~215~~135,~~425~~085.3249 Special Servicing Fee 0.00 Prepayment Penalties 0134,021.0039 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~356~~347,~~320~~537.2367 Unscheduled Principal 1311,~~017~~392,~~893~~322.7981 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,301,299.59 Overcollateralized Amount 2,301,299.59 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~713~~613,~~799~~949.5793

Miscellaneous Reporting Excess Cash ~~713~~613,~~799~~949.5793 Overcollateralized Amount 2,301,299.59 Overcollateralized Increase 0.00 Overcollateralized Reduction 0.00 Overcollateralized Target Amount 2,301,299.59 Stepdown Do ~~Not~~not ~~Stepdown~~stepdown Trigger Event Not Inin ~~Trigger~~trigger

Filing Compare · GSAA Home Equity Trust 2005-3