-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, APBPOoGvr8j1olxtremKE87tMnFD7tEtStoG1iW8awC9bC9JSE+6xARlIYI889Rh 8Z6yEbrZT+2AuIiqyL3P4w== 0001056404-04-004179.txt : 20041203 0001056404-04-004179.hdr.sgml : 20041203 20041203111538 ACCESSION NUMBER: 0001056404-04-004179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041126 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GS Mortgage GSAA Home Eq. Trust 2004-7 CENTRAL INDEX KEY: 0001302040 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-117485-04 FILM NUMBER: 041182364 BUSINESS ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 MAIL ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 8-K 1 gsa04007_nov.txt NOVEMBER 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): November 26, 2004 GSAA HOME EQUITY TRUST Asset Backed Certificates, Series 2004-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-117485-04 54-6636415 Pooling and Servicing Agreement) (Commission 54-6636543 (State or other File Number) 54-6636544 jurisdiction IRS EIN of Incorporation) C/O Wells Fargo Bank, N. A. 9062 Old Annapoils 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 November 26, 2004 a distribution was made to holders of GSAA HOME EQUITY TRUST, Asset Backed Certificates, Series 2004-7 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 2004-7 Trust, relating to the November 26, 2004 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 2004-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-7 Trust, relating to the November 26, 2004 distribution. EX-99.1
GS Mortgage Securities Corp Asset Backed Certificates Record Date: 10/31/2004 Distribution Date: 11/26/2004 GSA Series: 2004-7 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 R 36242DEE9 SEN 0.00000% 0.00 0.00 0.00 AV-1 36242DDA8 SEN 2.11250% 92,286,704.29 173,273.22 8,455,652.72 AF-2 36242DDB6 SEN 4.53400% 65,734,000.00 248,335.30 0.00 AF-3 36242DDC4 SEN 5.24200% 26,718,000.00 116,699.19 0.00 AF-4 36242DDD2 SEN 6.05000% 45,360,000.00 228,662.69 0.00 AF-5 36242DDE0 SEN 5.18700% 27,275,000.00 117,882.11 0.00 M-1 36242DDF7 MEZ 5.61400% 5,598,000.00 26,186.18 0.00 M-2 36242DDG5 MEZ 6.05000% 3,875,000.00 19,534.12 0.00 B-1 36242DDH3 SUB 6.05000% 3,301,000.00 16,640.55 0.00 B-2 36242DEG4 SUB 6.05000% 1,581,000.00 7,969.92 0.00 X 36242DEF6 SEN 0.00000% 1,005,745.89 0.00 0.00 Totals 272,734,450.18 955,183.28 8,455,652.72
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 AV-1 0.00 83,831,051.57 8,628,925.94 0.00 AF-2 0.00 65,734,000.00 248,335.30 0.00 AF-3 0.00 26,718,000.00 116,699.19 0.00 AF-4 0.00 45,360,000.00 228,662.69 0.00 AF-5 0.00 27,275,000.00 117,882.11 0.00 M-1 0.00 5,598,000.00 26,186.18 0.00 M-2 0.00 3,875,000.00 19,534.12 0.00 B-1 0.00 3,301,000.00 16,640.55 0.00 B-2 0.00 1,581,000.00 7,969.92 0.00 X 0.00 1,428,627.53 0.00 0.00 Totals 0.00 264,701,679.10 9,410,836.00 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) R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 AV-1 107,665,000.00 92,286,704.29 0.00 8,455,652.72 0.00 0.00 AF-2 65,734,000.00 65,734,000.00 0.00 0.00 0.00 0.00 AF-3 26,718,000.00 26,718,000.00 0.00 0.00 0.00 0.00 AF-4 45,360,000.00 45,360,000.00 0.00 0.00 0.00 0.00 AF-5 27,275,000.00 27,275,000.00 0.00 0.00 0.00 0.00 M-1 5,598,000.00 5,598,000.00 0.00 0.00 0.00 0.00 M-2 3,875,000.00 3,875,000.00 0.00 0.00 0.00 0.00 B-1 3,301,000.00 3,301,000.00 0.00 0.00 0.00 0.00 B-2 1,581,000.00 1,581,000.00 0.00 0.00 0.00 0.00 X 529.35 1,005,745.89 0.00 0.00 0.00 0.00 Totals 287,107,529.35 272,734,450.18 0.00 8,455,652.72 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 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 AV-1 8,455,652.72 83,831,051.57 0.77862863 8,455,652.72 AF-2 0.00 65,734,000.00 1.00000000 0.00 AF-3 0.00 26,718,000.00 1.00000000 0.00 AF-4 0.00 45,360,000.00 1.00000000 0.00 AF-5 0.00 27,275,000.00 1.00000000 0.00 M-1 0.00 5,598,000.00 1.00000000 0.00 M-2 0.00 3,875,000.00 1.00000000 0.00 B-1 0.00 3,301,000.00 1.00000000 0.00 B-2 0.00 1,581,000.00 1.00000000 0.00 X 0.00 1,428,627.53 2,698.83353169 0.00 Totals 8,455,652.72 264,701,679.10 0.92196007 8,455,652.72
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AV-1 107,665,000.00 857.16532104 0.00000000 78.53668992 0.00000000 AF-2 65,734,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-3 26,718,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-4 45,360,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-5 27,275,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 5,598,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 3,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 3,301,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 1,581,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 529.35 1899963.89912156 0.00000000 0.00000000 0.00000000 The minimum denomination for each class of the principal certificates will be $50,000 except for class A which will have a $5,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV-1 0.00000000 78.53668992 778.62863112 0.77862863 78.53668992 AF-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-5 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 X 0.00000000 0.00000000 2,698,833.53168981 2698.83353169 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 AV-1 107,665,000.00 2.11250% 92,286,704.29 173,293.92 0.00 0.00 AF-2 65,734,000.00 4.53400% 65,734,000.00 248,364.96 0.00 0.00 AF-3 26,718,000.00 5.24200% 26,718,000.00 116,713.13 0.00 0.00 AF-4 45,360,000.00 6.05000% 45,360,000.00 228,690.00 0.00 0.00 AF-5 27,275,000.00 5.18700% 27,275,000.00 117,896.19 0.00 0.00 M-1 5,598,000.00 5.61400% 5,598,000.00 26,189.31 0.00 0.00 M-2 3,875,000.00 6.05000% 3,875,000.00 19,536.46 0.00 0.00 B-1 3,301,000.00 6.05000% 3,301,000.00 16,642.54 0.00 0.00 B-2 1,581,000.00 6.05000% 1,581,000.00 7,970.88 0.00 0.00 X 529.35 0.00000% 1,005,745.89 0.00 0.00 0.00 Totals 287,107,529.35 955,297.39 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 R 0.00 0.00 0.00 0.00 0.00 AV-1 20.70 0.00 173,273.22 0.00 83,831,051.57 AF-2 29.66 0.00 248,335.30 0.00 65,734,000.00 AF-3 13.94 0.00 116,699.19 0.00 26,718,000.00 AF-4 27.31 0.00 228,662.69 0.00 45,360,000.00 AF-5 14.08 0.00 117,882.11 0.00 27,275,000.00 M-1 3.13 0.00 26,186.18 0.00 5,598,000.00 M-2 2.33 0.00 19,534.12 0.00 3,875,000.00 B-1 1.99 0.00 16,640.55 0.00 3,301,000.00 B-2 0.95 0.00 7,969.92 0.00 1,581,000.00 X 0.00 0.00 0.00 0.00 1,428,627.53 Totals 114.09 0.00 955,183.28 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AV-1 107,665,000.00 2.11250% 857.16532104 1.60956597 0.00000000 0.00000000 AF-2 65,734,000.00 4.53400% 1000.00000000 3.77833328 0.00000000 0.00000000 AF-3 26,718,000.00 5.24200% 1000.00000000 4.36833333 0.00000000 0.00000000 AF-4 45,360,000.00 6.05000% 1000.00000000 5.04166667 0.00000000 0.00000000 AF-5 27,275,000.00 5.18700% 1000.00000000 4.32250009 0.00000000 0.00000000 M-1 5,598,000.00 5.61400% 1000.00000000 4.67833333 0.00000000 0.00000000 M-2 3,875,000.00 6.05000% 1000.00000000 5.04166710 0.00000000 0.00000000 B-1 3,301,000.00 6.05000% 1000.00000000 5.04166616 0.00000000 0.00000000 B-2 1,581,000.00 6.05000% 1000.00000000 5.04166983 0.00000000 0.00000000 X 529.35 0.00000% 1899963.89912156 0.00000000 0.00000000 0.00000000 The minimum denomination for each class of the principal certificates will be $50,000 except for class A which will have a $5,000 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AV-1 0.00019226 0.00000000 1.60937371 0.00000000 778.62863112 AF-2 0.00045121 0.00000000 3.77788207 0.00000000 1000.00000000 AF-3 0.00052175 0.00000000 4.36781159 0.00000000 1000.00000000 AF-4 0.00060207 0.00000000 5.04106459 0.00000000 1000.00000000 AF-5 0.00051622 0.00000000 4.32198387 0.00000000 1000.00000000 M-1 0.00055913 0.00000000 4.67777421 0.00000000 1000.00000000 M-2 0.00060129 0.00000000 5.04106323 0.00000000 1000.00000000 B-1 0.00060285 0.00000000 5.04106331 0.00000000 1000.00000000 B-2 0.00060089 0.00000000 5.04106262 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 2698833.53168981 (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 9,433,229.71 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 0.00 Total Deposits 9,433,229.71 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 66,288.27 Payment of Interest and Principal 9,410,836.00 Total Withdrawals (Pool Distribution Amount) 9,477,124.27 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 114.09
SERVICING FEES Gross Servicing Fee 61,742.70 Master Servicing Fee 4,545.57 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 66,288.27
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
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 24 0 0 0 24 6,470,153.30 0.00 0.00 0.00 6,470,153.30 60 Days 2 4 1 0 7 365,690.23 174,112.88 57,817.34 0.00 597,620.45 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 26 4 1 0 31 6,835,843.53 174,112.88 57,817.34 0.00 7,067,773.75 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 1.560468% 0.000000% 0.000000% 0.000000% 1.560468% 2.442162% 0.000000% 0.000000% 0.000000% 2.442162% 60 Days 0.130039% 0.260078% 0.065020% 0.000000% 0.455137% 0.138030% 0.065719% 0.021823% 0.000000% 0.225572% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1.690507% 0.260078% 0.065020% 0.000000% 2.015605% 2.580192% 0.065719% 0.021823% 0.000000% 2.667734%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 6.393320% Weighted Average Net Coupon 6.121659% Weighted Average Pass-Through Rate 6.063828% Weighted Average Maturity(Stepdown Calculation ) 341 Beginning Scheduled Collateral Loan Count 1,575 Number Of Loans Paid In Full 37 Ending Scheduled Collateral Loan Count 1,538 Beginning Scheduled Collateral Balance 272,734,450.18 Ending Scheduled Collateral Balance 264,701,679.10 Ending Actual Collateral Balance at 31-Oct-2004 264,935,460.61 Monthly P &I Constant 1,749,865.85 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 296,800.40 Unscheduled Principal 7,735,970.68
Miscellaneous Reporting Net Monthly Excess Cash Flow 422,881.64 Overcollateralized Amount 1,005,745.89 Specified Overcollateralized Amount 1,435,537.65 Stepdown Not in Stepdown Trigger Event Not in Trigger
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