Exhibit 10.1

FIRST AMENDMENT TO

ISDA MASTER AGREEMENT

This First Amendment (the “Amendment”) to the ISDA Master Agreement dated as of
June 12, 2007 (the “Master Agreement”) is made as of the 6th day of April 2009
(the “Effective Date,” by and between GMAC BANK, a Utah state bank, with its
principal office at 6985 Union Park Center, Suite 435, Midvale, Utah 84047
(“Party B”), and GMAC MORTGAGE, LLC, a Delaware limited liability company with
offices at 1100 Virginia Drive, Fort Washington, Pennsylvania 19044 (“Party A”).

Explanatory Statement

 

A. Party A and Party B are parties to the Master Agreement, as supplemented by
certain Schedules.

 

B. Party A and Party B wish to amend the Schedule dated as of July 1, 2008 to
the Master Agreement.

 

C. Party A and Party B intend that this Amendment comply with requirements of
Sections 23A and 23B of the Federal Reserve Act (12 USC §221 et. seq.) and with
implementing federal regulations.

 

D. All capitalized terms not defined herein shall have the meanings ascribed to
them in the Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and promises expressed
herein, the parties hereto, intending to be legally bound, hereby agree as
follows.

1. Amendments to the Schedule. Party A and Party B hereby agree that the
Schedule dated as of July 1, 2008 (the “Schedule”) shall be amended, effective
as of the Effective Date, as follows:

Subsection 6(a)(xvi) of the Schedule shall be amended to read in its entirety as
follows:

“Subject Transaction” means a legally binding commitment by Party B to purchase
for its “Held for Sale” (HFS) portfolio, any loan from certain loan products and
programs, as mutually agreed to by Party A and Party B, for which “Pipeline
Risk” is managed by the ResCap Capital Markets Group.

2. Agreement Remains in Effect. Except as otherwise specifically set forth in
Section 1 above, the Agreement and the Schedule shall remain in full force and
effect without modification or amendment.

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IN WITNESS WHEREOF, the parties have executed this Amendment in two counterparts
by their duly authorized representatives the day first above written.

 

WITNESS/ATTEST:     Purchaser:     GMAC Mortgage, LLC     By:    /s/ James N.
Young        

James N. Young

CFO

WITNESS/ATTEST:     Seller:     GMAC Bank, a Utah state bank /s/ Linda Heigh    
By:   /s/ Al Celini        

Al Celini

Senior Vice President

 

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