EX-10.36(a)






Exhibit 10.36(a)




FIRST AMENDMENT

TO THE SUMMARY OF TERMS




This FIRST AMENDMENT TO THE SUMMARY OF TERMS (the “Amendment”) is made and entered
into as of July 28, 2005 by and among SPS Holding Corp., a Delaware corporation (“SPS”),
Select Portfolio Servicing, Inc., a Utah corporation (the “Servicer”), Credit Suisse First
Boston (USA), Inc., a Delaware corporation (the “Investor”), DLJ Mortgage Capital, Inc., a
Delaware corporation (“DLJ”), The PMI Group, Inc., a Delaware corporation, and FSA
Portfolio Management Inc., a New York corporation.



WHEREAS, each of the parties hereto has entered into the Summary of Terms, dated January 19,
2005 (the “Summary of Terms”), that grants the Investor an option exercisable on or before
July 31, 2005 to acquire all outstanding shares of capital stock of SPS;



WHEREAS, each of the parties hereto have been working together diligently and in good faith to
negotiate definitive agreements and believe that it is in the best interest of all parties to amend
the Summary of Terms to extend the expiration date of the option granted therein from July 31, 2005
to August 5, 2005;



NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:



1. Amendment of Exercise Date. The Summary of Terms is hereby amended such that the
date “July 31, 2005” included therein is deleted and replaced with “August 5, 2005”. Accordingly,
after giving effect to such amendment, the Exercise Date shall be August 5, 2005.



2. No Other Amendments; Summary of Terms Remains in Effect. Except as expressly
amended by Section 1 of this Amendment, the Summary of Terms shall remain in full force and effect
in the form in which it existed immediately prior to the execution and delivery of this Amendment.
This Amendment shall not amend or otherwise modify, or constitute a waiver of any provision in, the
Flow Servicing Rights Purchase Agreement, dated as of January 28, 2005 (the “Flow Purchase
Agreement”), between DLJ and the Servicer and such agreement shall remain in full force and
effect.



3. Amendments. No amendments, changes or modifications to this Amendment shall be
valid unless the same are in writing and signed by the parties hereto.



4. Counterparts. This Amendment may be executed in multiple counterparts. Each
counterpart shall be an original, but altogether shall constitute one and the same instrument.



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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
and delivered as of the day and year first above written.



SPS HOLDING CORP.



By /s/ Robert J. Holz



Name: Robert J. Holz

Title: EVP and General Counsel



SELECT PORTFOLIO SERVICING, INC.



By /s/ Robert J. Holz



Name: Robert J. Holz

Title: EVP and General Counsel



CREDIT SUISSE FIRST BOSTON (USA), INC.



By /s/ James P. Healy



Name: James P. Healy



Title: Managing Director



DLJ MORTGAGE CAPITAL, INC.



By /s/ Bruce S. Kaiserman



Name: Bruce S. Kaiserman

Title: Vice President



THE PMI GROUP, INC.



By /s/ Arthur P. Slepian



Name: Arthur P. Slepian

Title: Sr. V.P., PMI Capital Corporation



FSA PORTFOLIO MANAGEMENT INC.



By /s/ Bruce E. Stern


Name: Bruce E. Stern


Title: Managing Director and



General Counsel



Signature Page to Amendment No. 1 to the Summary of Terms





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