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Rating Action:

Moody's Takes Rating Action on Certain GSR Mortgage Loan Trust Jumbo transactions issued in 2006 and 2007

06 Oct 2008
Moody's Takes Rating Action on Certain GSR Mortgage Loan Trust Jumbo transactions issued in 2006 and 2007

New York, October 06, 2008 -- Moody's Investors Service has placed on review for possible downgrade 140 tranches from 5 Jumbo transactions issued by GSR Mortgage Loan Trust in 2006 and 2007.

The collateral backing these transactions consists primarily of first-lien, fixed and adjustable-rate, prime mortgage loans. These reviews are triggered by higher than anticipated rates of delinquency, foreclosure, and REO in the underlying collateral relative to currently available credit enhancement levels. The actions described below are a result of Moody's revised expected losses on the Jumbo sector announced on September 18th, 2008, and are part of an on-going review process.

Moody's final rating actions in coming months will vary based on current ratings, level of credit enhancement, pool-specific historical performance, quarter of origination, collateral characteristics and other qualitative factors. For deals where the weakest senior Aaa tranche was identified as needing to go under review, Moody's has placed on review for possible downgrade all senior Aaa tranches. Moody's analysis during the review period will take into account credit enhancement provided by seniority, time tranching, and other structural features within the Aaa waterfalls.

Complete rating actions are as follows:

Issuer: GSR Mortgage Loan Trust 2006-8F

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-7, Placed on Review for Possible Downgrade, currently Aa1

Cl. 3A-8, Placed on Review for Possible Downgrade, currently Aa1

Cl. 3A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-11, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-3, Placed on Review for Possible Downgrade, currently Aa1

Cl. 4A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-11, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-12, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-13, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-14, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-15, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-16, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-17, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-18, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-19, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-20, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-21, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5A-2, Placed on Review for Possible Downgrade, currently Aaa

Issuer: GSR Mortgage Loan Trust 2006-9F

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5A-4, Placed on Review for Possible Downgrade, currently Aa1

Cl. 6A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 6A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 7A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 8A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 9A-1, Placed on Review for Possible Downgrade, currently Aaa

Issuer: GSR Mortgage Loan Trust 2007-1F

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. 3A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-11, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-12, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-13, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-14, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-15, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-16, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-2, Placed on Review for Possible Downgrade, currently Aaa

Issuer: GSR Mortgage Loan Trust 2007-2F

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-P, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-8, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-8, Placed on Review for Possible Downgrade, currently Aa1

Cl. 3A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-2, Placed on Review for Possible Downgrade, currently Aaa

Issuer: GSR Mortgage Loan Trust 2007-3F

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-8, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3A-8, Placed on Review for Possible Downgrade, currently Aa1

Cl. 4A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4A-2, Placed on Review for Possible Downgrade, currently Aaa

For more information please see www.moodys.com.

New York
Navneet Agarwal
VP - Senior Credit Officer
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Gregory Bessermann
Associate Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
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MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY100,000 to approximately JPY550,000,000.

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