UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  FORM 10-K


  (Mark one)

  /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the fiscal year ended December 31, 2007

      OR


  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the transition period from ____________ to ____________



      Commission file number: 333-139817-07

      GSAMP Trust 2007-HE2
      (exact name of issuing entity as specified in its charter)

      GS Mortgage Securities Corp.
      (exact name of the registrant (depositor) as specified in its charter)

      Goldman Sachs Mortgage Company
      (exact name of the sponsor as specified in its charter)



  New York                                54-2199629
  (State or other jurisdiction of         54-2199630
  incorporation or organization           54-2199631
  of issuing entity)                      54-2199632
                                          54-2199633
                                          54-6744154
                                          (I.R.S. Employer
                                          Identification No.
                                          of issuing entity)


   c/o Wells Fargo Bank, N.A.
   9062 Old Annapolis Road
   Columbia, MD                                 21045
  (Address of principal executive               (Zip Code of
  offices of issuing entity)                    issuing entity)


 Telephone number, including area code, for issuing entity: (410) 884-2000




  Securities registered pursuant to Section 12(b) of the Act:

    NONE.



  Securities registered pursuant to Section 12(g) of the Act:

    NONE.



  Indicate by check mark if the registrant is a well-known seasoned issuer, as
  defined in Rule 405 of the Securities Act.

    Yes ___     No  X



  Indicate by check mark if the registrant is not required to file reports
  pursuant to Section 13 or Section 15(d) of the Act.

    Yes ___     No  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 ___



  Indicate by check mark if disclosure of delinquent filers pursuant to Item
  405 of Regulation S-K (Section 229.405 of this chapter) is not contained
  herein, and will not be contained, to the best of registrant's knowledge, in
  definitive proxy or information statements incorporated by reference in Part
  III of this Form 10-K or any amendment to this Form 10-K.

    Not applicable.



  Indicate by check mark whether the registrant is a large accelerated filer,
  an accelerated filer, a non-accelerated filer, or a smaller reporting
  company.  See the definitions of "large accelerated filer", "accelerated
  filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

   Large accelerated filer ___
   Accelerated filer ___
   Non-accelerated filer X (Do not check if a smaller reporting company)
   Smaller reporting company ___

  Indicate by check mark whether the registrant is a shell company (as defined
  in Rule 12b-2 of the Act).

    Yes ___     No  X



  State the aggregate market value of the voting and non-voting common equity
  held by non-affiliates computed by reference to the price at which the
  common equity was last sold, or the average bid and asked price of such
  common equity, as of the last business day of the registrant's most recently
  completed second fiscal quarter.

    Not applicable.



  DOCUMENTS INCORPORATED BY REFERENCE

  See Item 15 (a).



                                     PART I

  Item 1.      Business.

               Not applicable.


  Item 1A.     Risk Factors.

               Not applicable.


  Item 1B.     Unresolved Staff Comments.

               None.


  Item 2.      Properties.

               Not applicable.


  Item 3.      Legal Proceedings.

               Not applicable.


  Item 4.      Submission of Matters to a Vote of Security Holders.

               Not applicable.




                                     PART II

  Item 5.      Market for Registrant's Common Equity, Related Stockholder
               Matters and Issuer Purchases of Equity Securities.

               Not applicable.


  Item 6.      Selected Financial Data.

               Not applicable.


  Item 7.      Management's Discussion and Analysis of Financial Condition and
               Results of Operation.

               Not applicable.


  Item 7A.     Quantitative and Qualitative Disclosures About Market Risk.

               Not applicable.


  Item 8.      Financial Statements and Supplementary Data.

               Not applicable.


  Item 9.      Changes in and Disagreements With Accountants on Accounting and
               Financial Disclosure.

               Not applicable.


  Item 9A.     Controls and Procedures.

               Not applicable.


  Item 9A(T).  Controls and Procedures.

               Not applicable.


  Item 9B.     Other Information.

               None.




                                    PART III

  Item 10.     Directors, Executive Officers and Corporate Governance.

               Not applicable.


  Item 11.     Executive Compensation.

               Not applicable.


  Item 12.     Security Ownership of Certain Beneficial Owners and Management
               and Related Stockholder Matters.

               Not applicable.


  Item 13.     Certain Relationships and Related Transactions, and Director
               Independence.

               Not applicable.


  Item 14.     Principal Accountant Fees and Services.

               Not applicable.




              ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB


Item 1112(b) of Regulation AB, Significant Obligors of Pool Assets (Financial
Information).

No single obligor represents 10% or more of the pool assets held by the issuing
entity.



Item 1114(b)(2) of Regulation AB, Significant Enhancement  Provider Financial
Information.

No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction as
described under Item 1114 (a) of Regulation AB.



Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial
Information).

Goldman Sachs Mitsui Marine Derivative Products, L.P. provides an Interest Rate
Cap derivative instrument and an Interest Rate Swap derivative instrument for
the issuing entity.  No additional disclosure is necessary because the aggregate
significance percentage for the Interest Rate Cap and the Interest Rate Swap is
less than 10%.



Item 1117 of Regulation AB, Legal Proceedings.

Legal Proceedings Regarding NC Capital Corporation

Pursuant to a Form 8-K filed on February 21, 2007 (the "February 21st 8-K") by
New Century Financial Corporation ("NCFC") (Commission File No. 001-32314;
CIK No. 00001287286), the parent of NC Capital Corporation, one of the original
loan sellers, NCFC stated that on February 14, 2007, NCFC was served with the
complaint for a purported securities class action (the "Original Complaint")
filed in the United States District Court for the Central District of California
against NCFC and certain of its officers and directors. NCFC stated that the
complaint alleges that NCFC and the other named defendants violated federal
securities laws by issuing false and misleading statements and failing to
disclose material facts about NCFC, which resulted in artificially inflated
market prices of NCFC's common stock, and that the plaintiff and the purported
class members purchased the registrant's stock at these artificially inflated
market prices between April 7, 2006 and February 7, 2007. NCFC stated that the
complaint seeks money damages in favor of its purported class of purchasers of
NCFC's securities, the costs and expenses of the action and other relief that
may be granted by the court.

In addition, pursuant to the February 21st 8-K, NCFC stated that nine
additional purported class actions were filed in the United States District
Court for the Central District of California between February 8, 2007 and
February 20, 2007. NCFC stated that these complaints present in large degree
the same legal and factual issues as the Original Complaint and allege various
class periods, the longest of which is from April 7, 2006 to February 7, 2007.

Pursuant to a Form 8-K filed by NCFC on March 13, 2007 (the "March 13th 8-K"),
NCFC stated that on February 28, 2007, NCFC received a letter from the United
States Attorney's Office for the Central District of California (the "U.S.
Attorney's Office") indicating that it was conducting a criminal inquiry under
the federal securities laws in connection with trading in NCFC's securities, as
well as accounting errors regarding NCFC's allowance for repurchase losses.
NCFC stated that it has subsequently received a grand jury subpoena requesting
production of certain documents. NCFC stated that it intends to cooperate with
the requests of the U.S. Attorney's Office.

In addition, pursuant to the March 13th 8-K, NCFC stated that on March 12,
2007, it received a letter from the staff of the Pacific Regional Office of the
Securities Exchange Commission stating that the staff was conducting a
preliminary investigation involving NCFC and requesting production of certain
documents. NCFC stated that the staff of the SEC had also previously requested
a meeting with NCFC to discuss the events leading up to NCFC's previous
announcement of the need to restate certain of its historical financial
statements.

Pursuant to a Form 8-K filed by NCFC on March 14, 2007 (the "March 14th 8-K"),
NCFC stated that on March 13, 2007, NCFC and certain of its subsidiaries
received cease and desist orders from regulators in the States of
Massachusetts, New Hampshire, New Jersey and New York (the "March 13 Orders").
NCFC stated that the cease and desist orders contain allegations that certain
of NCFC's subsidiaries have engaged in violations of applicable state law,
including, among others, failure to fund mortgage loans after a mortgage
closing, failure to meet certain financial requirements, including net worth
and available liquidity, and failure to timely notify the state regulators of
defaults and terminations under certain of its financing arrangements. NCFC
stated that the cease and desist orders seek to restrain the subsidiaries from
taking certain actions, including, among others, engaging in further violations
of state law, taking new applications for mortgage loans in the relevant
jurisdiction, and paying dividends or bonuses to officers, directors or
shareholders of the applicable subsidiaries. NCFC stated that the cease and
desist orders also seek to cause the subsidiaries to affirmatively take certain
actions, including the creation of escrow accounts to hold fees relating to
pending mortgage applications, the transfer to other lenders of the outstanding
mortgage applications and unfunded mortgage loans held by the subsidiaries, and
the provision of regular information to the state regulators regarding the
subsidiaries' activities in the applicable state, including the status of all
outstanding mortgage applications and unfunded mortgage loans in that state.
NCFC stated that certain of the cease and desist orders also require one or
more of the subsidiaries to show cause why their license should not be revoked
or why administrative penalties should not be assessed. NCFC stated that the
cease and desist orders generally become permanent if not promptly appealed by
the applicable subsidiaries.

Pursuant to a Form 8-K filed on March 19, 2007 (the "March 19th 8-K"), NCFC
stated that on March 14 and 15, 2007, NCFC received additional cease and desist
orders from the States of Connecticut, Maryland, Rhode Island and Tennessee
(collectively, the "March 14-15 Orders"). NCFC stated that consistent with the
March 13 Orders, the March 14-15 Orders contain allegations that certain of
NCFC's subsidiaries have engaged in violations of applicable state law,
including, among others, failure to fund mortgage loans after closing.
Additionally, pursuant to the March 19th 8-K, NCFC stated that on March 14,
2007, New century Mortgage Corporation ("NCMC") and Home123 Corporation, an
indirect wholly owned subsidiary of NCFC ("Home123"), entered into a Consent
Agreement and Order, dated March 14, 2007, with the Commonwealth of
Pennsylvania Department of Banking, Bureau of Supervision and Enforcement (the
"Consent Agreement"). NCFC stated that consistent with the March 13 Orders, the
March 14-15 Orders and the Consent Agreement seek to restrain NCFC's
subsidiaries from taking certain actions, including, among others, engaging in
alleged violations of state law and taking new applications for mortgage loans
in the relevant jurisdiction. NCFC stated that the March 14-15 Orders and the
Consent Agreement also seek to cause the subsidiaries to affirmatively take
certain actions, including the creation of escrow accounts to hold fees
relating to pending mortgage applications, the transfer to other lenders of the
outstanding mortgage applications and unfunded mortgage loans held by the
subsidiaries, and the provision of regular information to the state regulators
regarding the subsidiaries' activities in the applicable state, including the
status of all outstanding mortgage applications and unfunded mortgage loans in
that state. NCFC stated that certain of the March 14-15 Orders also seek to
revoke the licenses of one or more of NCFC's subsidiaries or assess
administrative penalties. NCFC stated that the March 14-15 Orders generally
become permanent if not promptly appealed by the applicable subsidiaries.

Additionally, pursuant to the March 19th 8-K, NCFC stated that in connection
with a civil action filed against NCFC, NCMC and Home123 (collectively, the
"Defendants") in an Ohio state court (the "Complaint") by the Attorney General
of Ohio and the Ohio Division of Commerce, Division of Financial Institutions
on March 14, 2007, that Ohio state court issued a temporary restraining order,
which was subsequently modified by the court on March 16, 2007, against the
Defendants (as modified, the "TRO"). NCFC stated that the Complaint and the TRO
contain allegations that the Defendants have engaged in violations of
applicable state law, including, among others, failure to fund mortgage loans
after closing. NCFC stated that the TRO restrains the Defendants from taking
certain actions, including, among others, (i) engaging in violations of state
law, (ii) soliciting applicants and taking new applications for mortgage loans
in Ohio and (iii) initiating, prosecuting or enforcing foreclosure actions in
Ohio. NCFC stated that the TRO also requires the Defendants to confer with the
Ohio Attorney General and Division of Commerce by March 22, 2007 regarding the
treatment of Ohio loans that are more than 60 days delinquent and are held for
sale. NCFC stated that the restraints imposed by the TRO could further harm
NCFC's business.

Pursuant to a Form 8-K filed on March 20, 2007 (the "March 20th 8-K"), NCFC
stated that as disclosed above, NCFC has received cease and desist orders from
several states and entered into a consent agreement with one state (the
"Previous Orders and Consent Agreement"). NCFC stated that on March 16, 2007,
NCFC received additional cease and desist orders from the State of California
(the "California Orders") and certain of NCFC's subsidiaries entered into
consent agreements with the State of Florida's Office of Financial Regulation
and the State of Washington's Department of Financial Institutions,
respectively, each dated March 16, 2007 (the "March 16 Agreements" and together
with the California Orders, the "March 16 Orders and Consent Agreements").

Pursuant to the March 20th 8-K, NCFC stated that consistent with the Previous
Orders and Consent Agreement, the March 16 Orders and Consent Agreements
contain allegations that certain of NCFC's subsidiaries have engaged in
violations of state law, including, among others, failure to fund mortgage
loans after closing. NCFC stated that consistent with the Previous Orders and
Consent Agreement, the March 16 Orders and Consent Agreements seek to restrain
NCFC's subsidiaries from taking certain actions, including, among others,
engaging in alleged violations of state law and taking new applications for
mortgage loans in the relevant jurisdiction. NCFC stated that the March 16
Orders and Consent Agreements also seek to cause the subsidiaries to
affirmatively take certain actions, including the creation of escrow accounts
to hold fees relating to pending mortgage applications, the transfer to other
lenders of the outstanding mortgage applications and unfunded mortgage loans
held by the subsidiaries, and the provision of regular information to the state
regulators regarding the subsidiaries' activities in the applicable state,
including the status of all outstanding mortgage applications and unfunded
mortgage loans in that state. NCFC stated that the California Orders become
permanent if not promptly appealed by the applicable subsidiaries.

In addition, NCFC stated that on March 16, 2007, Home123 received a suspension
order (the "Suspension Order") from the State of New York Banking Department.
NCFC stated that the Suspension Order contains allegations similar to those
included in the March 13 Order and further provides that Home123's mortgage
banking license in the State of New York has been suspended for a period not
exceeding 30 days, pending investigation.

Pursuant to a Form 8-K filed on March 22, 2007 (the "March 22nd 8-K"), NCFC
stated that on March 20, 2007, certain of NCFC's subsidiaries entered into a
consent agreement with the State of Maine's Office of Consumer Credit
Regulation (the "March 20 Consent Agreement"). NCFC stated that consistent with
the Previous Orders and Consent Agreements, the March 20 Consent Agreement
contains allegations that certain of NCFC's subsidiaries have engaged in
violations of state law, including, among others, failure to fund mortgage
loans after closing. NCFC stated that consistent with the Previous Orders and
Consent Agreements, the March 20 Consent Agreement seeks to restrain NCFC's
subsidiaries from taking certain actions, including, among others, engaging in
alleged violations of state law and taking new applications for mortgage loans
in the relevant jurisdiction. NCFC stated that the March 20 Consent Agreement
also seeks to cause the subsidiaries to affirmatively take certain actions,
including the creation of escrow accounts to hold fees relating to pending
mortgage applications, the transfer to other lenders of the outstanding
mortgage applications and unfunded mortgage loans held by the subsidiaries, and
the provision of regular information to the state regulators regarding the
subsidiaries' activities in the applicable state, including the status of all
outstanding mortgage applications and unfunded mortgage loans in that state.

Pursuant to a Form 8-K filed on March 28, 2007 (the "March 28th 8-K"), NCFC
stated that on March 27, 2007, NCFC signed consent agreements with the State of
Idaho's Department of Finance, the State of Iowa's Superintendent of Banking,
the State of Michigan's Office of Financial and Insurance Services and the
State of Wyoming's Banking Commissioner (the "Additional Consent Agreements").
NCFC stated that although NCFC has signed the Additional Consent Agreements and
expects to comply with their terms, NCFC has not yet received counterpart
signatures from the respective states and accordingly such Additional Consent
Agreements may not be binding on the respective states. NCFC stated that
consistent with the Previous Orders and Consent Agreements, the Additional
Consent Agreements contain allegations that certain of NCFC's subsidiaries have
engaged in violations of state law, including, among others, failure to fund
mortgage loans after closing. NCFC stated that consistent with the Previous
Orders and Consent Agreements, the Additional Consent Agreements restrain
NCFC's subsidiaries from taking certain actions, including, among others,
engaging in alleged violations of state law and taking new applications for
mortgage loans in the relevant jurisdiction. NCFC stated that The Additional
Consent Agreements also compel the subsidiaries to affirmatively take certain
actions, including the creation of escrow accounts to hold any up front fees
collected in connection with pending mortgage applications, the transfer to
other lenders of the outstanding mortgage applications and unfunded mortgage
loans held by the subsidiaries, and the provision of regular information to the
state regulators regarding the subsidiaries' activities in the applicable
state, including the status of all outstanding mortgage applications and
unfunded mortgage loans in that state.

Pursuant to a Form 8-K filed on March 30, 2007 (the "March 30th 8-K"), NCFC
stated that as disclosed above, on March 14, 2007, the Attorney General of Ohio
and the Ohio Department of Commerce, Division of Financial Institutions
(together, the "State") filed a lawsuit against NCFC and certain of its
subsidiaries (collectively with NCFC, the "Defendants") in Ohio state court
(the "Ohio Complaint"). NCFC stated that the Ohio Complaint alleges that NCFC
has engaged in violations of applicable state law, including, among others,
failure to fund mortgage loans after closing. NCFC stated that on March 14,
2007, the court granted the State's motion to enter a temporary restraining
order, which was subsequently modified by the court on March 16, 2007, against
the Defendants (as modified, the "TRO"). NCFC stated that the TRO restrained
the Defendants from taking certain actions, including, among others, (i)
engaging in violations of state law, (ii) soliciting applicants and taking new
applications for mortgage loans in Ohio and (iii) initiating, prosecuting or
enforcing foreclosure actions in Ohio. NCFC stated that the TRO required the
parties to confer with respect to restrictions regarding foreclosure action and
the sale, transfer or assignment of loans more than 60 days delinquent.

In addition, pursuant to the March 30th 8-K, NCFC stated that on March 26,
2007, the Defendants filed a Motion for Dissolution of Modified Temporary
Restraining Order and Motion for an Emergency Hearing, and Opposition to a
Preliminary Injunction. NCFC stated that on March 28, 2007, the Defendants and
the State reached agreement on a Stipulated Preliminary Injunction effective
for 90 days, which was entered by the court. NCFC stated that the Stipulated
Preliminary Injunction replaces the TRO and provides for a stay of the
litigation for 90 days. NCFC stated that the Stipulated Preliminary Injunction
restrains the Defendants from taking certain actions, including, among others,
engaging in alleged violations of state law and taking new applications for
mortgage loans. NCFC stated that the Stipulated Preliminary Injunction also
compels the Defendants to take certain actions, including the transfer to other
lenders of any outstanding mortgage applications and unfunded mortgage loans,
the placement in escrow of any upfront fees collected in connection with
pending mortgage applications, and the provision of regular information to the
State regarding NCFC's activities in Ohio, including the status of all
outstanding mortgage applications and unfunded mortgage loans. NCFC stated that
the Stipulated Preliminary Injunction also requires the Defendants to submit
certain categories of loans (and related information) as to which it intends to
foreclose to the State for the State to review. NCFC stated that the State may
object for cause to NCFC proceeding with a particular foreclosure and if NCFC
is unable to convince the State to permit it to proceed, the foreclosure will
not proceed for the duration of the Stipulated Preliminary Injunction. NCFC
stated that the Stipulated Preliminary Injunction also provides for the State
to review and object for cause to the Defendants selling, transferring or
assigning certain categories of loans that are more than 60 days delinquent.

In addition, pursuant to the March 30th 8-K, NCFC stated that in the event that
the State or the Defendants believe the other is not acting in good faith, the
Stipulated Preliminary Injunction provides that the complaining party should
notify the other of such concern and if the concern is not resolved, then
either party may notify the other of their intent to file a motion with the
court to terminate the Stipulated Preliminary Injunction and request to
reschedule the previously canceled preliminary injunction hearing. NCFC stated
that the Stipulated Preliminary Injunction provides that in such event neither
party will object to the scheduling of a prompt preliminary injunction hearing
or the termination of the Stipulated Preliminary Injunction at such a
preliminary injunction hearing.

Pursuant to a Form 8-K filed on April 6, 2007 (the "April 6th 8-K"), NCFC
stated that on April 2, 2007, NCFC announced that it and several of its
subsidiaries, including New Century TRS Holdings, Inc., NCMC, NC Capital
Corporation, Home123 Corporation, New Century Credit Corporation, NC Asset
Holding, L.P., NC Residual III Corporation, NC Residual IV Corporation, New
Century R.E.O. Corp., New Century R.E.O. II Corp., New Century R.E.O. III
Corp., New Century Mortgage Ventures, LLC, NC Deltex, LLC and NCoral, L.P.
(collectively, the "Debtors") filed voluntary petitions (the "Bankruptcy
Filings") under chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code") in the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court"). NCFC stated that these bankruptcy cases (the
"Bankruptcy Cases") are being jointly administered in the Bankruptcy Court
under the caption "In re New Century TRS Holdings, Inc., et al., Case No.
07-10416" before the Honorable Kevin J. Carey, United States Bankruptcy Judge.
NCFC stated that the Debtors will continue to operate their business as
"debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in
accordance with the applicable provisions of the Bankruptcy Code and orders of
the Bankruptcy Court.

Pursuant to a Form 8-K filed on April 16, 2007 (the "April 16th 8-K"),
NCFC stated that the Commonwealth of Massachusetts Office of the Attorney
General issued a Civil Investigation Demand to NCFC, which requests certain
documents relating to NCFC's loan origination business practices in connection
with an investigation conducted pursuant to the Attorney General's authority to
enforce consumer protection statutes.

Pursuant to a Form 8-K filed on July 5, 2007 (the "July 5th 8-K"), NCFC stated
that on June 21, 2007 the staff of the Pacific Regional Office of the
Securities Exchange Commission (the "Commission") orally advised NCFC's outside
counsel that the Commission had issued a formal order of investigation with
respect to its investigation of NCFC.

In addition, pursuant to the July 5th 8-K, NCFC stated that on June 29, 2007,
NCFC was served with a complaint for declaratory judgment and other equitable
relief (the "Complaint") that was filed on June 20, 2007, in the United States
Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") against
NCFC, certain of its subsidiaries and certain of its directors. NCFC stated
that the Complaint seeks a declaratory judgment on behalf of a purported class
consisting of beneficiaries (the "Beneficiaries") of the New Century Financial
Corporation Deferred Compensation Plan and the New Century Financial
Corporation Supplemental Executive Retirement/Savings Plan (collectively, the
"Plans") that, among other things, the Beneficiaries are a class, that the
Plans' assets are held in trust for the exclusive benefit of the Beneficiaries,
that the Plans' assets are not the property of NCFC's or any of its
subsidiaries' bankruptcy estates, and that the Plans' assets be distributed to
the Beneficiaries.

In addition, pursuant to a Form 8-K filed on December 14, 2007 (the "December
14th 8-K"), NCFC stated that the Bankruptcy Court entered an order establishing
August 31, 2007, as the last date (the "Claim Bar Date") for all persons and
entities holding or wishing to assert bankruptcy claims against NCFC and
certain of its debtor-in-possession subsidiaries (collectively with NCFC, the
"Debtors") to file a proof of claim form. According to the December 14th 8-K,
NCFC stated that through the Claim Bar Date, the dollar amount of claims filed
against the Debtors exceeded $32 billion. NCFC stated that the Debtors are in
the preliminary stages of their review of these claims and based on their
preliminary review believe that certain of these claims will be subject to
objection as being duplicative, overstated, based upon contingencies that have
not occurred, or because they otherwise do not state a valid claim. NCFC stated
that the foregoing amount does not include claims that were filed without a
specified dollar amount, referred to as unliquidated claims, and claims that
were filed after the claim bar date.


Legal Proceedings Regarding SouthStar Funding, LLC

On April 11, 2007, SouthStar Funding, LLC, one of the original loan sellers,
filed a voluntary petition for bankruptcy protection under Chapter 7 of the
United States Bankruptcy Code in the United States Bankruptcy Court for the
Northern District of Georgia.



Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related
Transactions.

The information regarding this Item has been previously filed in a 424(b)(5)
filed on April 19, 2007 (Commission File No. 333-139817-07).



Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.

The reports on assessment of compliance with the servicing criteria for
asset-backed securities and the related attestation reports on such assessments
of compliance are attached hereto under Item 15 (a).

Assurant, Inc. disclosed the following material noncompliance with the
servicing criteria set forth in Item 1122(d)(4)(xii) of Regulation AB
applicable to Assurant, Inc. during the year ended December 31, 2007. As
required by Item 1122(d)(4)(xii) of Regulation AB, any late payment penalties in
connection with any payment to be made on behalf of an obligor are paid from
the servicer's funds are not charged to the obligor, unless the late payment
was due to the obligor's error or omission. Assurant, Inc. did not have, during
the Reporting Period, sufficient policies and procedures to capture the
information with respect to the Platform Transactions necessary to determine
compliance with 1122(d)(4)(xii).

Avelo Mortgage, L.L.C. assessed its compliance with the Applicable Servicing
Criteria for the year ended December 31, 2007 and has identified the
following instances of non-compliance with the servicing criterion set forth
in Items 1122(d)(2)(vii)(D) and 1122(d)(4)(x)(C) of Regulation AB with
respect to the Platform. Specifically, account reconciling items were not
resolved within 90 calendar days of their original identification, or such
other number of days specified in the transaction agreements, as required by
Item 1122(d)(2)(vii)(D)and Avelo Mortgage, L.L.C. did not return to the
obligor funds held in trust for an obligor within 30 calendar days of full
repayment of the related pool asset, as required by Item 1122(d)(4)(x)(C).

Avelo Mortgage, L.L.C. acknowledges that for a period in 2007, bank accounts
were not reconciled in strict compliance with Reg. AB. To address this
issue, Avelo Mortgage, L.L.C. added additional staff to ensure timely
reconciliations and compliance with Reg AB. As of the date of the audit,
all bank account reconciliations were current. No issues were found or
arose from the delay in reconciling the bank accounts.

Avelo Mortgage, L.L.C. also acknowledges that for a period in 2007, escrow
funds were not returned to the obligor within 30 calendar days of full
repayment in compliance with Reg. AB due to a system issue. A system
enhancement erroneously affected the refund check process. Once the issue
was identified, the system was corrected.

As of the date of the audit, escrow fund refunds have been returned to the
obligor within 30 calendar days and no issues were found or arose from the
delay in returning the funds to the account holders.



Item 1123 of Regulation AB, Servicer Compliance Statement.

The servicer compliance statements are attached hereto under Item 15 (a).



                               Part IV

  Item 15. Exhibits and Financial Statement Schedules.

  (a) Exhibits.

  (1) Not applicable.

  (2) Not applicable.

  (3)

  (4.1) Exhibit 4.1 was filed as part of the Registrant's Current Report on
  Form 8-K filed on May 24, 2007 (Commission File No.:  333-139817-07) and is
  incorporated by reference herein.

  (4.1) Pooling and Servicing Agreement, dated as of March 1, 2007, by and
  among GS Mortgage Securities Corp., as depositor, Avelo Mortgage, L.L.C., as
  servicer, Wells Fargo Bank, N.A., as securities administrator and as master
  servicer, U.S. Bank National Association, as a custodian, Deutsche Bank
  National Trust Company, as a custodian and LaSalle Bank National Association,
   as trustee.

  (31) Rule 13a-14(d)/15d-14(d) Certification.

  (33) Reports on assessment of compliance with servicing criteria for
  asset-backed securities.


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      <c>

    33.1 Assurant, Inc. as Sub-Contractor for Avelo Mortgage, L.L.C.
    33.2 Avelo Mortgage, L.L.C. as Servicer
    33.3 Deutsche Bank National Trust Company as Custodian
    33.4 First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Avelo
    Mortgage, L.L.C.
    33.5 U.S. Bank National Association as Custodian
    33.6 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

    </TABLE>


  (34) Attestation reports on assessment of compliance with servicing criteria
  for asset-backed securities.


    <TABLE>
    
      <c>

    34.1 Assurant, Inc. as Sub-Contractor for Avelo Mortgage, L.L.C.
    34.2 Avelo Mortgage, L.L.C. as Servicer
    34.3 Deutsche Bank National Trust Company as Custodian
    34.4 First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Avelo
    Mortgage, L.L.C.
    34.5 U.S. Bank National Association as Custodian
    34.6 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

    </TABLE>


   (35) Servicer compliance statement.


    <TABLE>
    
       <c>

    35.1 Avelo Mortgage, L.L.C. as Servicer
    35.2 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

    </TABLE>


   (b) See (a) above.

   (c) Not applicable.



                          SIGNATURES


  Pursuant to the requirements of Section 13 or 15(d) 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.


   GS Mortgage Securities Corp.
   (Depositor)


   /s/ Michelle Gill
   Michelle Gill, Vice President
   (senior officer in charge of securitization of the depositor)


    Date:   March 28, 2008



  Exhibit Index

  Exhibit No.


   (4.1) Exhibit 4.1 was filed as part of the Registrant's Current Report on
   Form 8-K filed on May 24, 2007 (Commission File No.:  333-139817-07) and is
   incorporated by reference herein.

   (4.1) Pooling and Servicing Agreement, dated as of March 1, 2007, by and
   among GS Mortgage Securities Corp., as depositor, Avelo Mortgage, L.L.C.,
   as servicer, Wells Fargo Bank, N.A., as securities administrator and as
   master servicer, U.S. Bank National Association, as a custodian, Deutsche
   Bank National Trust Company, as a custodian and LaSalle Bank National
   Association, as trustee.

   (31) Rule 13a-14(d)/15d-14(d) Certification.

   (33) Reports on assessment of compliance with servicing criteria for
   asset-backed securities.


    <TABLE>

    
      <c>
    33.1 Assurant, Inc. as Sub-Contractor for Avelo Mortgage, L.L.C.
    33.2 Avelo Mortgage, L.L.C. as Servicer
    33.3 Deutsche Bank National Trust Company as Custodian
    33.4 First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Avelo
    Mortgage, L.L.C.
    33.5 U.S. Bank National Association as Custodian
    33.6 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

    </TABLE>

   (34) Attestation reports on assessment of compliance with servicing
   criteria for asset-backed securities.


    <TABLE>

    
      <c>
    34.1 Assurant, Inc. as Sub-Contractor for Avelo Mortgage, L.L.C.
    34.2 Avelo Mortgage, L.L.C. as Servicer
    34.3 Deutsche Bank National Trust Company as Custodian
    34.4 First American Real Estate Solutions of Texas, L.P. as Sub-Contractor for Avelo
    Mortgage, L.L.C.
    34.5 U.S. Bank National Association as Custodian
    34.6 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

    </TABLE>

   (35) Servicer compliance statement.


    <TABLE>

    
       <c>
    35.1 Avelo Mortgage, L.L.C. as Servicer
    35.2 Wells Fargo Bank, N.A. as Master Servicer and Securities Administrator

    </TABLE>