New York, July 01, 2009 -- Moody's Investors Service has downgraded 280 tranches and confirmed 25
tranches from 11 Jumbo transactions issued by GSR.
The collateral backing these transactions consists primarily of first-lien,
fixed and adjustable-rate, Jumbo mortgage loans. The
actions are triggered by the quickly deteriorating performance --
marked by rising delinquencies and loss severities, along with concerns
about the continuing drop in housing prices nationwide and the rising
unemployment levels. The actions listed below reflect Moody's updated
expected losses on the jumbo sector announced in a press release on March
19th, 2009, and are part of Moody's on-going
review process.
Moody's final rating actions are based on current ratings,
level of credit enhancement, collateral performance and updated
pool-level loss expectations relative to current level of credit
enhancement. Moody's took into account credit enhancement
provided by seniority, cross-collateralization, time
tranching, and other structural features within the senior note
waterfalls.
For details regarding Moody's approach to estimating losses on Jumbo
pools originated in 2005, 2006, 2007 and 2008, please
refer to the methodology publication "Prime Jumbo RMBS Loss Projection
Update: March 2009" available on Moodys.com.
Loss estimates are subject to variability and are sensitive to assumptions
used; as a result, realized losses could ultimately turn out
higher or lower than our current expectations. Moody's will
continue to evaluate performance data as it becomes available and will
assess the pattern of potential future defaults and adjust loss expectations
accordingly as necessary.
Complete rating actions are as follows:
GSR Mortgage Loan Trust 2005-3F
Cl. 1A-2, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-3, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-4, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-5, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-6, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-7, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-8, Downgraded to A1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-9, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-10, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-11, Downgraded to A1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-13, Downgraded to A1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-14, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-15, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-16, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-17, Downgraded to A1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-2, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-3, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-4, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-5, Downgraded to Baa1; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. A-P, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to A1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2005-4F
Cl. 1A-1, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-1, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-3, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-4, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-5, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-6, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-7, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-8, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-9, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-10, Downgraded to A2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-11, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-12, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-13, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 5A-1, Downgraded to Aa3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 5A-2, Downgraded to Baa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 6A-1, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. A-P, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to A3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2005-5F
Cl. 1A-1, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 1A-2, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-2, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-3, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-4, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-5, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-6, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-7, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-8, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-9, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-10, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-11, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-12, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-13, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-14, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-15, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-16, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-17, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-18, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A-19, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-1, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-2, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to Aa3; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 3A-4, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-5, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-6, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A-7, Downgraded to Aa3; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-3, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-4, Downgraded to Aa3; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 4A-5, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-6, Downgraded to Aa3; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 4A-7, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 4A-8, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 5A-1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 6A-1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 7A-1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 7A-2, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-2, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-3, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-4, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-5, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-6, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-7, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-8, Confirmed at Aaa; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A-9, Downgraded to Aa3; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 8A-10, Downgraded to Aa3; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to Aa1; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. A-P, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2005-AR3
Cl. 1A1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 2A1, Downgraded to Aa2; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A1, Downgraded to Baa3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 3A2, Downgraded to B1; previously on 3/19/2009 Aaa
Placed Under Review for Possible Downgrade
Cl. 4A1, Downgraded to Ba3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 5A1, Downgraded to Ba3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 6A1, Downgraded to Baa3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 6A2, Downgraded to B1; previously on 3/19/2009 Aa1
Placed Under Review for Possible Downgrade
Cl. 7A1, Downgraded to Ba3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A1, Downgraded to Baa3; previously on 3/19/2009
Aaa Placed Under Review for Possible Downgrade
Cl. 8A2, Downgraded to B1; previously on 3/19/2009 Aa1
Placed Under Review for Possible Downgrade
Cl. X, Downgraded to Aa2; previously on 3/19/2009 Aaa
Placed Under Review for Possible Downgrade
Cl. 1B1, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 1B2, Downgraded to B3; previously on 3/19/2009 A2
Placed Under Review for Possible Downgrade
Cl. 1B3, Downgraded to Ca; previously on 3/19/2009 Baa1
Placed Under Review for Possible Downgrade
Cl. 1B4, Downgraded to Ca; previously on 3/19/2009 Ba1
Placed Under Review for Possible Downgrade
Cl. 2B1, Downgraded to Ca; previously on 3/19/2009 Aa3
Placed Under Review for Possible Downgrade
Cl. 2B2, Downgraded to C; previously on 3/19/2009 A3
Placed Under Review for Possible Downgrade
Cl. 2B3, Downgraded to C; previously on 3/19/2009 Baa3
Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2006-6F
Cl. 1A-1, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to B1; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 2A-2, Downgraded to B1; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 2A-3, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 2A-4, Downgraded to Ba2; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 2A-5, Downgraded to Caa3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 3A-2, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 3A-4, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 3A-5, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. A-P, Downgraded to B3; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to Ba2; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2006-7F
Cl. 1A-1, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-1, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-2, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-3, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-4, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-5, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-6, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-7, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-8, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-9, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-10, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-11, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 2A-12, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-13, Downgraded to Ca; previously on 3/19/2009
Caa2 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to Ba2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-2, Downgraded to Ba2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to Ca; previously on 3/19/2009
Caa3 Placed Under Review for Possible Downgrade
Cl. 3A-4, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 3A-5, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 3A-6, Downgraded to Ba3; previously on 3/19/2009
A2 Placed Under Review for Possible Downgrade
Cl. 3A-7, Downgraded to Ca; previously on 3/19/2009
Caa3 Placed Under Review for Possible Downgrade
Cl. 3A-8, Downgraded to Ca; previously on 3/19/2009
Caa3 Placed Under Review for Possible Downgrade
Cl. 4A-1, Confirmed at B2; previously on 3/19/2009
B2 Placed Under Review for Possible Downgrade
Cl. 4A-2, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 4A-3, Downgraded to B1; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 4A-4, Downgraded to Ca; previously on 3/19/2009
Caa3 Placed Under Review for Possible Downgrade
Cl. 4A-5, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 4A-6, Downgraded to Ca; previously on 3/19/2009
Caa3 Placed Under Review for Possible Downgrade
Cl. 4A-7, Downgraded to B1; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-8, Downgraded to B1; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-9, Downgraded to Ca; previously on 3/19/2009
Caa3 Placed Under Review for Possible Downgrade
Cl. 4A-10, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 4A-11, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 4A-12, Downgraded to B1; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-13, Downgraded to B1; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-14, Downgraded to B1; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 5A-1, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. 5A-2, Confirmed at B3; previously on 3/19/2009
B3 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2006-8F
Cl. 1A-1, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to Baa3; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 3A-2, Downgraded to Baa3; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-4, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-5, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-6, Downgraded to Ba2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 3A-7, Downgraded to Ca; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-8, Downgraded to Ca; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-9, Downgraded to Ba2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 3A-10, Downgraded to Ba2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 3A-11, Downgraded to Ba2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to Ba3; previously on 3/19/2009
Aa3 Placed Under Review for Possible Downgrade
Cl. 4A-3, Downgraded to Ca; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-4, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-7, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-8, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-9, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-10, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-12, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-13, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-14, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-15, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-16, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-17, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-18, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-19, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-20, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-21, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 5A-1, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 5A-2, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2006-9F
Cl. 1A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 4A-3, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 4A-4, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 4A-5, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 5A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 5A-2, Downgraded to B3; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 5A-3, Downgraded to Ba3; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 5A-4, Downgraded to Ca; previously on 3/19/2009
A2 Placed Under Review for Possible Downgrade
Cl. 6A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 6A-2, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 7A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 8A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 9A-1, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to B3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2007-1F
Cl. 1A-1, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-2, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-3, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-4, Downgraded to Baa2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 2A-5, Downgraded to Ca; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 2A-6, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-7, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-8, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-9, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 2A-10, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to Ba3; previously on 3/19/2009
A2 Placed Under Review for Possible Downgrade
Cl. 3A-2, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-4, Downgraded to Baa2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
Cl. 3A-5, Downgraded to Ca; previously on 3/19/2009
Baa1 Placed Under Review for Possible Downgrade
Cl. 3A-6, Downgraded to Ba3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-7, Downgraded to Ba3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-8, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-9, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-10, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 3A-11, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 3A-12, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-13, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-14, Downgraded to B2; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 3A-15, Downgraded to Baa2; previously on
3/19/2009 Aa1 Placed Under Review for Possible Downgrade
Cl. 3A-16, Downgraded to Baa2; previously on
3/19/2009 Aa1 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to B3; previously on 3/19/2009
A3 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to Baa2; previously on 3/19/2009
Aa1 Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2007-2F
Cl. 1A-1, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 1A-2, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 1A-3, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 1A-4, Downgraded to Ba3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 1A-5, Downgraded to Ca; previously on 3/19/2009
Ba3 Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-10, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-2, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-3, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-4, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-5, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-6, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 2A-7, Downgraded to Ba3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 2A-8, Downgraded to Ca; previously on 3/19/2009
Ba3 Placed Under Review for Possible Downgrade
Cl. 2A-9, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-2, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-4, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-5, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-6, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-7, Downgraded to Ba3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
Cl. 3A-8, Downgraded to Ca; previously on 3/19/2009
Ba3 Placed Under Review for Possible Downgrade
Cl. 3A-9, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 3A-10, Downgraded to B2; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. A-P, Downgraded to B3; previously on 3/19/2009
Ba2 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to Ba3; previously on 3/19/2009
A1 Placed Under Review for Possible Downgrade
GSR Mortgage Loan Trust 2007-3F
Cl. 1A-1, Downgraded to B2; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 1A-2, Downgraded to B2; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 1A-3, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 1A-4, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 1A-5, Downgraded to Caa3; previously on 3/19/2009
Ba1 Placed Under Review for Possible Downgrade
Cl. 2A-1, Downgraded to B2; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-2, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-3, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-4, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-5, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-6, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-7, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 2A-8, Downgraded to Caa3; previously on 3/19/2009
Ba1 Placed Under Review for Possible Downgrade
Cl. 2A-9, Downgraded to B1; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 2A-10, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-1, Downgraded to B2; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-2, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-3, Downgraded to B2; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-4, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-5, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-6, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 3A-7, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
Cl. 3A-8, Downgraded to Caa3; previously on 3/19/2009
Ba1 Placed Under Review for Possible Downgrade
Cl. 4A-1, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. 4A-2, Downgraded to B3; previously on 3/19/2009
Baa3 Placed Under Review for Possible Downgrade
Cl. A-X, Downgraded to Ba1; previously on 3/19/2009
Aa2 Placed Under Review for Possible Downgrade
The ratings on the notes were assigned after evaluating factors determined
applicable to the credit profile of the notes, such as:
i) the nature, sufficiency, and quality of historical performance
information available for the asset class as well as for the transaction
sponsor,
ii) collateral analysis,
iii) an analysis of the policies, procedures and alignment of interests
of the key parties to the transaction, most notably the originator
and the servicer,
iv) an analysis of the transaction's allocation of collateral cashflow
and capital structure,
v) an analysis of the transaction's governance and legal structure,
and
vi) a comparison of these attributes against those of other similar transactions.
Other methodologies and factors that may have been considered in the process
of rating this issue can also be found at www.moodys.com
in the Credit Policy & Methodologies directory.
A list of these actions including CUSIP identifiers may be found at:
Excel: http://www.moodys.com/cust/getdocumentByNotesDocId.asp?criteria=PBS_SF171861
A list of updated estimated pool losses is being updated twice weekly
and may be found at:
Excel: http://www.moodys.com/cust/getdocumentByNotesDocId.asp?criteria=PBS_SF161403
For more information please see www.moodys.com.
New York
Debashish Chatterjee
VP - Senior Credit Officer
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
New York
Gerard Mazi
Senior Associate
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Moody's Takes Rating Action on $6.2 Billion of Jumbo RMBS Issued by GSR in 2005, 2006 and 2007