Fitch Rates GSAA Home Equity Trust $450.96MM Series 2007-9.

NEW YORK -- Fitch rates GSAA Home Equity Trust's residential mortgage pass-through certificates, series 2007-9, as follows:

--$426,462,302 classes A1A, A1B, A2A, A2B, A3A, A3B, A-PO and A-IO senior certificates 'AAA';

--$10,662,000 class B-1 'AA';

--$5,898,000 class B-2 'A';

--$2,495,000 class B-3 'BBB';

--$2,949,000 class B-4 'BB';

--$2,495,000 class B-5 'B.'

The 'AAA' rating on the senior certificates reflects the 6% subordination provided by the 2.35% class B1, 1.30% class B2, 0.55% class B3, 0.65% privately offered class B4, 0.55% privately offered class B5, 0.60% privately offered class B6. Class B6 is not rated by Fitch. The ratings also reflect the quality of the underlying collateral, the strength of the legal and financial structures, and the master servicing capabilities of Wells Fargo Bank, N.A. (rated 'RMS1' by Fitch).

As of the cut-off date (Sept. 1, 2007), the pool of loans consists of 913 fixed-rate mortgage loans, which have 15-year through 40-year amortization terms. The mortgage pool has an average unpaid principal balance of $496,916 and a weighted average FICO score of 727. The weighted average amortized current loan-to-value (CLTV) ratio is 78.41%. Rate/Term and cash-out refinances represent 18.50 and 36.20%, respectively, of the mortgage loans. The states that represent the largest geographic concentration of mortgaged properties are California (35.70%), New York (14.80%) and Florida (7.90%). All other states comprise fewer than 5% of properties in the pool.

None of the mortgage loans are 'high cost' loans as defined under any local, state, or federal laws. For additional information on Fitch's rating criteria regarding predatory lending legislation, please see the press release issued May 1, 2003 'Fitch Revises Rating Criteria in Wake of Predatory Lending Legislation,' available on the Fitch Ratings web site at www.fitchratings.com.

GS Mortgage Securities Corp. purchased the mortgage loans from each seller and deposited the loans in the trust, which issued the certificates, representing undivided and beneficial ownership in the trust. For federal income tax purposes, the securities administrator will cause multiple real estate mortgage investment conduit (REMIC) elections to be made for the trust. Wells Fargo Bank, N.A. will act as securities administrator and Citibank, N.A. will serve as the trustee.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.