10-D/A 1 gsa06he3_10da-200609.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D/A Amendment No. 2 ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from: August 26, 2006 to September 25, 2006 Commission File Number of issuing entity: 333-132809-09 GSAMP Trust 2006-HE3 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-132809 GS Mortgage Securities Corp. (Exact name of depositor as specified in its charter) Goldman Sachs Mortgage Company (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2196893 54-2196894 54-2196895 54-2196896 54-2196899 54-6709448 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code) (410) 884-2000 (Telephone number, including area code) Not Applicable (Former name, former address, if changed since last report) Registered/reporting pursuant to (check one) Title of Section Section Section Name of Exchange Class 12(b) 12(g) 15(d) (If Section 12(b)) A-1 _____ _____ __X___ ____________ A-2A _____ _____ __X___ ____________ A-2B _____ _____ __X___ ____________ A-2C _____ _____ __X___ ____________ A-2D _____ _____ __X___ ____________ M-1 _____ _____ __X___ ____________ M-2 _____ _____ __X___ ____________ M-3 _____ _____ __X___ ____________ M-4 _____ _____ __X___ ____________ M-5 _____ _____ __X___ ____________ M-6 _____ _____ __X___ ____________ M-7 _____ _____ __X___ ____________ M-8 _____ _____ __X___ ____________ M-9 _____ _____ __X___ ____________ R _____ _____ __X___ ____________ RC _____ _____ __X___ ____________ RX _____ _____ __X___ ____________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes __X__ No ____ Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On May 29, 2007, a revision was made to the distribution report relating to the September 25, 2006 distributions to holders of securities issued by GSAMP Trust 2006-HE3. This revision was made because realized losses on certain mortgage loans were not passed through in the month when such loans were liquidated. This caused such loans to be reported as "Paid in Full" instead of as "Liquidations". Due to this error incorrect payments of principal and interest were made on the following classes of certificates: Class A1, Class A2A and Class X. The reporting of the loans as "Liquidations" has been updated on the Prepayment Detail Table and the Certificateholder Distribution Summary in the attached distribution report. See the below table for a breakdown of the payment discrepancies: Class Original Principal Revised Principal Difference ------------------------------------------------------------------------------------------------------------ A1 $10,022,420.28 $10,017,896.41 $4,523.87 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ A2A $30,979,539.72 $30,984,063.59 -$4,523.87 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ X $0.00 $0.00 $0.00 ------------------------------------------------------------------------------------------------------------ Class Original Interest Revised Interest Difference ------------------------------------------------------------------------------------------------------------ A1 $1,362,597.90 $1,362,597.90 $0.00 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ A2A $2,061,931.24 $2,061,931.24 $0.00 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ X $2,815,518.01 $2,730,441.20 $85,076.81 ------------------------------------------------------------------------------------------------------------

The revised distribution report is attached as an Exhibit to this Form 10-D/A. Please see Item 9(b), Exhibit 99.1 for the related information. Part II - OTHER INFORMATION Item 9. Exhibits. (a) The following is a list of documents filed as part of this Report on Form 10-D/A: (99.1) Amended monthly report distributed to holders of the certificates issued by GSAMP Trust 2006-HE3, relating to the September 25, 2006 distribution. (b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above and in the Exhibit Index that immediately follows the signature page hereof. SIGNATURES 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 thereunto duly authorized. GSAMP Trust 2006-HE3 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Kelly Rentz Kelly Rentz, Officer Date: June 15, 2007 EXHIBIT INDEX Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of the certificates issued by GSAMP Trust 2006-HE3, relating to the September 25, 2006 distribution. EX-99.1 GS Mortgage Securities Corp. Mortgage Pass-Through Certificates Distribution Date: 9/25/2006 GS Mortgage Securities Corp. Mortgage Pass-Through Certificates Series 2006-HE3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment Rates

GSAMP Trust 2006-HE3 10-D/A