All information in this Term Sheet , whether regarding assets backing any securities discussed herein or otherwise, will be superseded by the information contained in the final prospectus.
May 8, 2003
Preliminary Structural and Collateral Term Sheet
$576,518,000 (approximate) of Senior Certificates GSR Mortgage Loan Trust 2003-5F GS Mortgage Securities Corp., Depositor Mortgage Pass-Through Certificates, Series 2003-5F
Features of the Transaction				Key Terms
•	Offering consists of two tracks of senior certificates totaling approximately $576,518,000 expected to be rated triple-A by two of the three of: S&P, Fitch or Moody's. The 2 tracks of seniors are expected to be approximately: $ 319,692,000 of 6.00% coupons (Track 1) $ 256,826,000 of 6.00% coupons (Track 2)		Issuer: GSR Mortgage Loan Trust 2003-5F Underwriter: Goldman, Sachs & Co. Originator: 64% originated by Wells Fargo Home Mortgage Inc., and 36% originated by ABN Amro Mortgage Group, Inc. Servicer: Wells Fargo Home Mortgage Inc. and ABN Amro Mortgage Group, Inc. Trustee: JPMorgan Chase Bank Type of Issuance: Public Servicing Advancing: Yes, subject to recoverability. Compensating Interest: Yes, to the extent of the servicing fee for such Distribution Date Legal Investment: The senior certificates are SMMEA eligible at settlement Interest Accrual: Prior calendar month Clean Up Call: 1% of the Cut-off Date principal balance of the loans ERISA Eligible: Underwriter’s exemption may apply to senior certificates, however prospective purchasers should consult their own counsel Tax Treatment: REMIC; senior certificates are regular interests Structure: Senior/Subordinate; shifting interest structure with a five-year prepayment lockout to junior certificates.  Subordinate certificates will be cross-collateralized across the two tracks. Expected Subordination: 2.50% +/- 0.50% Expected Rating Agencies: 2 of the 3 of: S&P, Fitch or Moody’s Minimum Denomination: Senior certificates – $25,000 Delivery: Senior certificates – DTC
•	The overall expected amount of credit support for the senior certificates is 2.50% +/- 0.50% on the securities in the form of subordination of Tracks 1 and 2 with a shifting interest structure and five-year prepayment lockout to junior certificates.
•	Collateral consists primarily of conventional 30 year fixed-rate mortgage loans secured by first liens on one- to four-family residential properties, of which 64% were originated by Wells Fargo Home Mortgage Inc., and 36% were originated by ABN Amro Mortgage Group, Inc.
•	The amount of senior certificates is approximate and may vary by up to 5%.
Time Table
	Expected Settlement:	May 30, 2003
	Cut-off Date:	May 1, 2003
	First Distribution Date:	June 25, 2003
	Distribution Date:	25th of each month or next business day

Preliminary Collateral Information	Total	Track 1	Track 2
Total Outstanding Principal Balance ($):	$591,300,000	$327,889,000	$263,411,000
Number of Mortgage Loans:	1,356	759	598
Average Principal Balance of the Mortgage Loans ($000's):	436	432	441
Weighted Average Annual Mortgage Interest Rate:	6.91%	7.04%	6.76%
Expected Administrative Fees (Includes Servicing and Trustee):	0.25%	0.25%	0.25%
Weighted Average Amortized Term To Maturity:	345	344	346
Weighted Average Seasoning:	12	13	12
Weighted Average Current Loan-To-Value Ratio:	69%	69%	68%
Owner Occupied:	96%	95%	97%
Single Family / Detached PUD's:	92%	92%	93%
Current FICO:	733	730	738
State Concentration > 10%:	CA 43% NY 10%	CA 46% NY 12%	CA 40%
Servicer Percentages: ABN Amro	36%	45%	24%
Wells Fargo	64%	55%	76%

*  The sum of all tracks may not add up to the Totals in the deal due to truncation of balances.

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