ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

                                                                    Exhibit 99.7

                                                                  EXECUTION COPY


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                         GSAA HOME EQUITY TRUST 2006-19

                            ASSET-BACKED CERTIFICATES

                                 SERIES 2006-19



                ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

                                      among

                         GOLDMAN SACHS MORTGAGE COMPANY,
                                   as Assignor

                          GS MORTGAGE SECURITIES CORP.,
                                   as Assignee

                                       and

                        GREENPOINT MORTGAGE FUNDING, INC.
                                   as Servicer

                                   Dated as of

                                November 24, 2006

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                ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

            ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (this "Assignment
Agreement") made this 24th day of November, 2006, among GreenPoint Mortgage
Funding, Inc., ("GreenPoint" or the "Servicer"), GS Mortgage Securities Corp.,
as assignee (the "Assignee") and Goldman Sachs Mortgage Company, as assignor
(the "Assignor").

            WHEREAS, the Assignor and the Servicer have entered into (i) the
Servicing Agreement, dated as of November 1, 2005 (the "Servicing Agreement"),
and (ii) the Amended and Restated Master Mortgage Loan Purchase Agreement, dated
as of November 1, 2005 (the "Sale Agreement"), pursuant to which the Servicer
sold to the Assignor certain mortgage loans listed on the mortgage loan schedule
attached as an exhibit to the Servicing Agreement;

            WHEREAS, the Assignee has agreed on certain terms and conditions to
purchase from the Assignor certain of the mortgage loans (the "Mortgage Loans"),
which are subject to the provisions of the Servicing Agreement and Sale
Agreement and are listed on the mortgage loan schedule attached as Exhibit 1
hereto (the "Mortgage Loan Schedule"); and

            WHEREAS, pursuant to a Master Servicing and Trust Agreement, dated
as of November 1, 2006 (the "Trust Agreement"), among GS Mortgage Securities
Corp., as depositor, U.S. Bank National Association, as trustee (the "Trustee")
and as a custodian, Deutsche Bank National Trust Company, as a custodian, The
Bank of New York, as a custodian, and Wells Fargo Bank, National Association, as
master servicer (in such capacity, the "Master Servicer") and securities
administrator, the Assignee will transfer the Mortgage Loans to the Trustee,
together with the Assignee's rights under the Servicing Agreement, to the extent
relating to the Mortgage Loans (other than the rights of the Assignor (and if
applicable its affiliates, officers, directors and agents) to indemnification
thereunder).

            NOW THEREFORE, in consideration of the mutual promises contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:

            1. Assignment and Assumption.

            (a) The Assignor hereby assigns to the Assignee, as of the date
hereof, all of its right, title and interest in and to the Mortgage Loans, the
Servicing Agreement and the Sale Agreement, to the extent relating to the
Mortgage Loans (other than the rights of the Assignor (and if applicable its
affiliates, officers, directors and agents) to indemnification thereunder), and
the Assignee hereby assumes all of the Assignor's obligations under the
Servicing Agreement and the Sale Agreement, to the extent relating to the
Mortgage Loans, from and after the date hereof, and the Servicer hereby
acknowledges such assignment and assumption and hereby agrees to the release of
the Assignor from any obligations under the Servicing Agreement and the Sale
Agreement from and after the date hereof, to the extent relating to the Mortgage
Loans.

            (b) The Assignor represents and warrants to the Assignee that the
Assignor has not taken any action which would serve to impair or encumber the
Assignor's ownership

                              GreenPoint Step 1 AAR

<PAGE>

interest in the Mortgage Loans since the respective dates of the Servicing
Agreement and the Sale Agreement.

            (c) The Servicer and the Assignor shall have the right to amend,
modify or terminate the Servicing Agreement without the joinder of the Assignee
with respect to mortgage loans not conveyed to the Assignee hereunder; provided,
however, that such amendment, modification or termination shall not affect or be
binding on the Assignee.

            2. Modification of the Sale Agreement. Only in so far as it relates
to the Mortgage Loans, the Servicer and the Assignor hereby amend the Sale
Agreement as follows:

            (a) The definition of "Repurchase Price" in Article I of the shall
be amended by deleting the definition in its entirety and replacing it with the
following:

            Repurchase Price: With respect to any Mortgage Loan, a price equal
to (i) the Stated Principal Balance of the Mortgage Loan as of the date of
repurchase plus (ii) interest on such Stated Principal Balance at the Mortgage
Loan Remittance Rate from the last date through which interest has been paid and
distributed to the Purchaser to the last day of the month in which the
repurchase occurs, less amounts received or advanced in respect of such
repurchased Mortgage Loan which such amounts are being held in the Custodial
Account for distribution in the month of repurchase plus (iii) with respect to
any Mortgage Loan included in a Securitization Transaction, damages incurred by
the Purchaser or its assignee including the trust in any securitization in
connection with any violation by such Mortgage Loan of any predatory or abusive
lending law.

            (b) The definition of "Remittance Date" in Article I of the shall be
amended by deleting the definition in its entirety and replacing it with the
following:

            "With respect to each Mortgage Loan: the eighteenth (18th) day of
any month, beginning with the eighteenth (18th) day of the month next following
the month in which the related Cut-off Date occurs, or if such eighteenth (18th)
day is not a Business Day, the immediately preceding Business Day."

            (c) a new section, Section 8, will be added immediately following
Subsection 7.04 which shall read as follows:

            "SECTION 8. Third Party Beneficiary.

            Wells Fargo Bank, National Association, as master servicer and
securities administrator under the Master Servicing and Trust Agreement, dated
as of November 1, 2006, among GS Mortgage Securities Corp., U.S. Bank National
Association, Deutsche Bank National Trust Company, The Bank of New York and
Wells Fargo Bank, National Association shall be considered a third party
beneficiary to this Agreement entitled to all of the rights and benefits
accruing to it as if it were a direct party to this Agreement."

            3. Modification of the Servicing Agreement. Only in so far as it
relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the
Servicing Agreement as follows:


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<PAGE>

            (a) a new section, Section 11, will be added immediately following
Subsection 10.07 which shall read as follows:

            "SECTION 11. Third Party Beneficiary.

            Wells Fargo Bank, National Association, as master servicer and
securities administrator under the Master Servicing and Trust Agreement, dated
as of November 1, 2006, among GS Mortgage Securities Corp., Deutsche Bank
National Trust Company, U.S. Bank National Association, The Bank of New York and
Wells Fargo Bank, National Association shall be considered a third party
beneficiary to this Agreement entitled to all of the rights and benefits
accruing to it as if it were a direct party to this Agreement."

            (b) the definition of "Business Day" in Section 1 shall be amended
by deleting the definition in its entirety and replacing it with the following:

            "Business Day: Any day other than (i) a Saturday or Sunday, or (ii)
a day on which banking or savings and loan institutions in the States of
California, Maryland, Minnesota or New York are authorized or obligated by law
or executive order to be closed."

            (c) The second paragraph of Section 3.13(c) shall be deleted in its
entirety and replaced with:

            "The Servicer shall use its best efforts to dispose of the REO
Property as soon as possible and shall sell such REO Property in any event
within three years after title has been taken to such REO Property, not later
than the end of the third taxable year after the year of its acquisition unless
(i) (A) a REMIC election has not been made with respect to the arrangement under
which the Mortgage Loans and the REO Property are held, and (ii) the Servicer
determines, and gives an appropriate notice to the Owner to such effect, that a
longer period is necessary for the orderly liquidation of such REO Property. If
a period longer than three years is permitted under the foregoing sentence and
is necessary to sell any REO Property, (i) the Servicer shall report monthly to
the Owner as to the progress being made in selling such REO Property, (ii) the
Servicer shall obtain an extension from the Internal Revenue Service and (iii)
if, with the written consent of the Owner, a purchase money mortgage is taken in
connection with such sale, such purchase money mortgage shall name the Servicer
as mortgagee, and such purchase money mortgage shall not be held pursuant to
this Agreement, but instead a separate participation agreement among the
Servicer and Owner shall be entered into with respect to such purchase money
mortgage."

            (d) Section 4.1(b) shall be amended by deleting it in its entirety
and replacing it with the following:

            With respect to any remittance to the Owner made by the Servicer
after the date such remittance was due, the Servicer shall pay to the Owner
interest on such late remittance at an annual rate equal to Prime plus two
percent (2.0%), but in no event greater than the maximum amount permitted by
applicable law. Such interest shall be deposited in the Custodial Account by the
Servicer on the date such late remittance is made and shall cover the period
commencing with the day immediately following the Remittance Date and ending
with the Business Day on which such late remittance is made, both inclusive.
Such interest shall be remitted along with


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<PAGE>

such late remittance. The payment by the Servicer of any such interest shall not
be deemed an extension of time for payment or a waiver of any Event of Default
by the Servicer.

            (e) Section 5.4(a) shall be amended by replacing the words "March
15" with the words "February 28 (provided that if, February 28 is not a Business
Day the immediately preceding Business Day).";

            (f) Section 5.4(b) shall be amended by replacing the words "March
15" with the words "February 28 (provided that if, February 28 is not a Business
Day the immediately preceding Business Day).";

            (g) Section 5.5 shall be amended by replacing the words "March 15"
with the words "February 28 (provided that if, February 28 is not a Business Day
the immediately preceding Business Day)";

            (h) Section 6.1 shall be amended by deleting the first paragraph of
Section 6.1 and replacing it with the following:

            "Subject to Section 6.3, the Servicer agrees to indemnify and hold
harmless the Owner or Master Servicer, as applicable, against any and all Losses
that the Owner or Master Servicer may sustain in any way related to the failure
of such Servicer to service the Mortgage Loans in compliance with the terms of
this Agreement; provided, however, the Servicer shall not be liable hereunder
(a) to the extent such Losses directly result from the Custodian's negligent
action, negligent failure to act, bad faith, willful misconduct or breach under
the Custodial Agreement, dated as of April 1, 2004, among the Owner and the
Custodian, (b) with respect to any action or inaction in accordance with the
direction or consent of the Owner or (c) resulting from the Owner's failure to
respond to a request by the Servicer for direction or consent in accordance with
Section 3.1(c) hereof. The Servicer shall immediately notify the Owner and the
Master Servicer, if a claim is made by a third party with respect to this
Agreement or the Mortgage Loans. The Servicer shall assume (with the written
notification to the Owner or Master Servicer, as applicable) the defense of any
such claim and pay all reasonable expenses in connection therewith, including
counsel fees, and promptly pay, discharge and satisfy any judgment or decree
which may be entered against the Servicer, the Owner or the Master Servicer,
subject to limitation pursuant to this Section 6.1, in respect of such claim.
The Servicer shall follow any written instructions received from the Owner or
the Master Servicer, as applicable, in connection with any such claim and the
Owner or the Master Servicer, as applicable, shall promptly reimburse the
Servicer for all amounts reasonably advanced by it pursuant to the preceding
sentence, except when the claim (a) is related to the Servicer's obligations to
indemnify the Owner or Master Servicer pursuant hereto, (b) results from the
failure of the Servicer to service the Mortgage Loans in compliance with the
terms of this Agreement or (c) results from the Servicer's willful misconduct,
bad faith or negligence in performing its duties under this Agreement."

            (i) Section 7.1 shall be amended as follows:

            (i) Subsection (ii) of Section 7.1 shall be deleted in its entirety
and replaced with the following:


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<PAGE>

            "failure by the Servicer duly to observe or perform in any material
respect any of the covenants or agreements on the part of the Servicer set forth
in this Agreement (other than those listed in subsection (i) and subsection (x)
of this Section 7.1) which continues unremedied for a period of 30 days after
the date on which written notice of such failure, requiring the same to be
remedied, shall have been given to the Servicer by the Owner or by the
Custodian; or"; and

            (ii) A new subsection (x) shall be added immediately following
subsection (ix) which shall be as follows:

            "failure by the Servicer duly to observe or perform in any material
respect any of the covenants or agreements on the part of the Servicer set forth
in Section 5.4 of this Agreement which continues unremedied for a period of
fifteen (15) days after the date on which written notice of such failure,
requiring the same to be remedied shall have been given to the Servicer."

            (iii) The words "thirty (30) Business Days" in the third sentence of
Section 7.1 shall be deleted and replaced with the words "thirty calendar days"

            (j) Section 8.2(a) shall be amended by deleting the words "30 days'"
from the first sentence of the first paragraph thereof.

            (k) Section 9.1(b) shall be deleted in its entirety and replaced
with the following:

            "The Servicer shall deliver to the successor (i) the funds in the
Custodial Account and the Escrow Account to which the Owner is entitled pursuant
to the terms of this Agreement, (ii) all other funds to which the Owner is
entitled pursuant to the terms of this Agreement net of any unreimbursed
Advances and (iii) all other amounts which may thereafter be received with
respect to the Mortgage Loans and to which the Servicer is not entitled pursuant
to the terms of this Agreement within two Business Days of receiving notice of
the appointment of such successor servicer. The Servicer shall deliver all
Collateral Files and Servicing Files and related documents and statements held
by it hereunder within thirty calendar days of receiving notice of the
appointment of a successor servicer. The Servicer shall account for all funds
and shall execute and deliver such instruments and do such other things as may
reasonably be required to more fully and definitively vest in the successor all
such rights, powers, duties, responsibilities, obligations and liabilities of
the Servicer."

            (l) Exhibit E shall be deleted in its entirety and be replaced with
a new "Exhibit E" which shall be as set forth in Exhibit 4 attached to this
Assignment Agreement.

            4. Accuracy of the Servicing Agreement and the Sale Agreement. The
Servicer and the Assignor represent and warrant to the Assignee that (i)
attached hereto as Exhibit 2 is a true, accurate and complete copy of the
Servicing Agreement, (ii) attached hereto as Exhibit 3 is a true, accurate and
complete copy of the Sale Agreement, (iii) each of the Servicing Agreement and
the Sale Agreement is in full force and effect as of the date hereof, (iv)
except as provided in Section 2 above, each of the Servicing Agreement and the
Sale Agreement has not been amended or modified in any respect and (v) no notice
of termination has been given to the Servicer under the Servicing Agreement or
the Sale Agreement. The Servicer, in its capacity as seller and/or servicer
under each of the Servicing Agreement and the Sale


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<PAGE>

Agreement, further represents and warrants that the representations and
warranties contained in Section 2.1 of the Servicing Agreement are true and
correct as of the Closing Date (as such term is defined in the Servicing
Agreement) and the representations and warranties regarding the Mortgage Loans
contained in Section 3.02 of the Sale Agreement were true and correct as of the
Closing Date (as such term is defined in the Sale Agreement).

            5. Recognition of Assignee. From and after the date hereof, the
Servicer shall note the transfer of the Mortgage Loans to the Assignee in its
books and records, shall recognize the Assignee as the owner of the Mortgage
Loans and, notwithstanding anything herein to the contrary, shall service all of
the Mortgage Loans for the benefit of the Assignee pursuant to the Servicing
Agreement the terms of which are incorporated herein by reference. It is the
intention of the Assignor, Servicer and Assignee that the Servicing Agreement
shall be binding upon and inure to the benefit of the Servicer and the Assignee
and their successors and assigns.

            6. Representations and Warranties of the Assignee. The Assignee
hereby represents and warrants to the Assignor as follows:

            (a) Decision to Purchase. The Assignee represents and warrants that
it is a sophisticated investor able to evaluate the risks and merits of the
transactions contemplated hereby, and that it has not relied in connection
therewith upon any statements or representations of the Assignor or the Servicer
other than those contained in the Servicing Agreement, the Sale Agreement or
this Assignment Agreement.

            (b) Authority. The Assignee hereto represents and warrants that it
is duly and legally authorized to enter into this Assignment Agreement and to
perform its obligations hereunder and under the Servicing Agreement and the Sale
Agreement.

            (c) Enforceability. The Assignee hereto represents and warrants that
this Assignment Agreement has been duly authorized, executed and delivered by it
and (assuming due authorization, execution and delivery thereof by each of the
other parties hereto) constitutes its legal, valid and binding obligation,
enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization or other similar laws
affecting the enforcement of creditors' rights generally and by general
equitable principles (regardless of whether such enforcement is considered in a
proceeding in equity or at law).

            7. Representations and Warranties of the Assignor. The Assignor
hereby represents and warrants to the Assignee as follows:

            (a) Organization. The Assignor has been duly organized and is
validly existing as a limited partnership in good standing under the laws of the
State of New York with full power and authority (corporate and other) to enter
into and perform its obligations under the Servicing Agreement, the Sale
Agreement and this Assignment Agreement.

            (b) Enforceability. This Assignment Agreement has been duly executed
and delivered by the Assignor, and, assuming due authorization, execution and
delivery by each of the other parties hereto, constitutes a legal, valid, and
binding agreement of the Assignor, enforceable against it in accordance with its
terms, subject to bankruptcy, insolvency,


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reorganization, moratorium, or other similar laws affecting creditors' rights
generally and to general principles of equity regardless of whether enforcement
is sought in a proceeding in equity or at law.

            (c) No Consent. The execution, delivery and performance by the
Assignor of this Assignment Agreement and the consummation of the transactions
contemplated hereby do not require the consent or approval of, the giving of
notice to, the registration with, or the taking of any other action in respect
of, any state, federal or other governmental authority or agency, except such as
has been obtained, given, effected or taken prior to the date hereof.

            (d) Authorization; No Breach. The execution and delivery of this
Assignment Agreement have been duly authorized by all necessary corporate action
on the part of the Assignor; neither the execution and delivery by the Assignor
of this Assignment Agreement, nor the consummation by the Assignor of the
transactions herein contemplated, nor compliance by the Assignor with the
provisions hereof, will conflict with or result in a breach of, or constitute a
default under, any of the provisions of the governing documents of the Assignor
or any law, governmental rule or regulation or any material judgment, decree or
order binding on the Assignor or any of its properties, or any of the provisions
of any material indenture, mortgage, deed of trust, contract or other instrument
to which the Assignor is a party or by which it is bound.

            (e) Actions; Proceedings. There are no actions, suits or proceedings
pending or, to the knowledge of the Assignor, threatened, before or by any
court, administrative agency, arbitrator or governmental body (A) with respect
to any of the transactions contemplated by this Assignment Agreement or (B) with
respect to any other matter that in the judgment of the Assignor will be
determined adversely to the Assignor and will, if determined adversely to the
Assignor, materially adversely affect its ability to perform its obligations
under this Assignment Agreement.

            8. Additional Representations and Warranties of the Assignor With
Respect to the Mortgage Loans. The Assignor hereby represents and warrants to
the Assignee as follows:

            (a) Prior Assignments; Pledges. Except for the sale to the Assignee,
the Assignor has not assigned or pledged any Mortgage Note or the related
Mortgage or any interest or participation therein.

            (b) Releases. The Assignor has not satisfied, canceled or
subordinated in whole or in part, or rescinded any Mortgage, and the Assignor
has not released the related Mortgaged Property from the lien of any Mortgage,
in whole or in part, nor has the Assignor executed an instrument that would
effect any such release, cancellation, subordination, or rescission. The
Assignor has not released any Mortgagor, in whole or in part, except in
connection with an assumption agreement or other agreement approved by the
related federal insurer, to the extent such approval was required.

            (c) Compliance with Applicable Laws. With respect to each Mortgage
Loan, any and all requirements of any federal, state or local law including,
without limitation, usury, truth-in-lending, real estate settlement procedures,
consumer credit protection, equal credit


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opportunity, predatory and abusive lending or disclosure laws applicable to such
Mortgage Loan, including without limitation, any provisions relating to
prepayment charges, have been complied with.

            (d) High Cost. No Mortgage Loan is categorized as "High Cost"
pursuant to the then-current Standard & Poor's Glossary for File Format for
LEVELS(R) Version 5.7, Appendix E, as revised from time to time and in effect as
of the Original Purchase Date. Furthermore, none of the Mortgage Loans sold by
the Seller are classified as (a) a "high cost mortgage" loan under the Home
Ownership and Equity Protection Act of 1994 or (b) a "high cost home,"
"covered," "high-cost," "high-risk home," or "predatory" loan under any other
applicable state, federal or local law.

            (e) Georgia Fair Lending Act. No Mortgage Loan is secured by a
property in the state of Georgia and originated between October 1, 2002 and
March 7, 2003.

            (f) Credit Reporting. The Assignor will cause to be fully furnished,
in accordance with the Fair Credit Reporting Act and its implementing
regulations, accurate and complete information (i.e., favorable and unfavorable)
on Mortgagor credit files to Equifax, Experian and Trans Union Credit
Info