Document:

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                                                               EXHIBIT 10.21(D)

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PERSONAL AND CONFIDENTIAL                                            [RBMG LOGO]

INCENTIVE STOCK OPTION AGREEMENT UNDER THE
RESOURCE BANCSHARES MORTGAGE GROUP, INC.
OMNIBUS STOCK AWARD PLAN

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                          OPTIONEE                                        AGREEMENT DATE                 SHARES GRANTED
----------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>                       <C>                <C>                 <C>
          John H. Doe                                                      June 1, 2001                       250
          Apt. A
          123 Main Street
          Anytown, USA  12345                                    -----------------------------------------------------------
                                                                   PLAN NAME         VESTING CODE         OPTION PRICE
                                                                 -----------------------------------------------------------
                                                                  Omnibus Plan          21AGN                $X.XX
----------------------------------------------------------------------------------------------------------------------------
       COUNTRY            COMPANY       SOCIAL SECURITY NO.
----------------------------------------------------------------------------------------------------------------------------
        USA                RBMG            ###-##-####
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

This Incentive Stock Option Agreement is entered into as of the Agreement Date
shown above, between Resource Bancshares Mortgage Group, Inc., a Delaware
corporation ("RBMG"), and the Optionee shown above.

1.   Award of Option. Effective on the Agreement Date, and subject to the terms
and conditions set forth in this document and in the Resource Bancshares
Mortgage Group, Inc. Amended and Restated Omnibus Stock Award Plan, as amended
from time to time (the "Plan"), RBMG has awarded to the Optionee the Option to
purchase from RBMG, at the per share Option Price shown above, shares of RBMG
Common Stock in the amount shown above as Shares Granted. RBMG intends the
Option Price to be at least 100% of the Fair Market Value of the shares of
Common Stock subject to the Option as of the Agreement Date. It is intended that
this Option qualify to the extent possible as an Incentive Stock Option (an
"ISO") under Section 422 of the Internal Revenue Code of 1986, as amended. RBMG
shall have no liability if this Option shall not qualify as an ISO, but this
Option shall continue in full force and effect as a nonqualified stock option
notwithstanding such failure to so qualify.

2.   (a) Exercise of Option. During the period beginning with the first date
after the Agreement Date that the Fair Market Value per share of Common Stock
equals or exceeds $21.00 and ending at the close of RBMG's business ten years
from the date of this Option Agreement (the "Option Period"), the Option shall
be exercisable, in whole or in part, at any time and from time to time during,
but not after the Option Period. The number of shares of Common Stock subject to
this Option and the per share exercise price under each outstanding Option may
be adjusted as provided in Section 4.1(e) of the Plan. Sections 4.1(e), 4.1(f),
and 4.1(g) of the Plan are incorporated in this Option Agreement by reference as
if the text were fully included in this document.

     (b) Notwithstanding Section 2 (a), the Option shall terminate and may not
be exercised if the Optionee ceases to be employed by RBMG, except: (1) that, if
such Optionee's employment terminates for any reason other than conduct that in
the judgment of the Committee involves dishonesty or action by the Optionee that
is detrimental to the best interest of RBMG, then the Optionee may at any time
within three months after this termination of employment exercise this Option
but only to the extent the Option was exercisable on the date of termination of
employment; (2) that, if such Optionee's employment terminates on account of
total and permanent disability, then the Optionee may at any time within one
year after termination of employment exercise the Option with respect to all
Option Shares; and (3) that, if such Optionee dies while in the employ of RBMG,
or within the three or twelve month period following termination of employment
as described in clause (1) or (2) above, then this Option may be exercised at
any time within twelve months following the Optionee's death by the person(s) to
whom the rights under the Option shall pass by will or by the laws of descent
and distribution with respect to all Option Shares.

     (c) No less than 100 shares of Common Stock may be purchased at any one
exercise of the Option granted unless the number of shares purchased at such
time is the total remainder of shares subject to this Option.

     (d) Upon exercise of the Option, the Option Price shall be payable in
United States dollars in cash or check. The Option shall be deemed to be
exercised on the date that RBMG receives full payment of the exercise price for
the number of shares for which the Option is being exercised (the "Exercise
Date").

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     (e)  During the lifetime of the Optionee, the Option shall be exercisable
only by the Optionee and is not assignable or transferable and no person shall
acquire any rights therein. The Option may be transferred by will or the laws of
descent and distribution.

3.   Compliance with the Securities Act; No Registration Rights. Anything in
this Option Agreement to the contrary notwithstanding, if, at any time specified
herein for the issuance of Option Shares, any law, regulation or requirement of
any governmental authority having jurisdiction in the premises shall require
RBMG or the Optionee, in the judgment of RBMG, to take any action in connection
with the shares then to be issued, then the issuance of such shares shall be
deferred until such action shall have been taken. Nothing in this Option
Agreement shall be construed to obligate RBMG at any time to file or maintain
the effectiveness of a registration statement under the Securities Act of 1933,
as amended, or under the securities laws of any state or other jurisdiction, or
to take or cause to be taken any action that may be necessary in order to
provide an exemption from the registration requirements of the Securities Act of
1933, as amended, under Rule 144 or any other exemption with respect to the
Option Shares or otherwise for resale or other transfer by the Optionee (or by
the executor or administrator of the Optionee's estate or a person who acquired
the Option or any Option Shares or other rights by bequest or inheritance or by
reason of the death of the Optionee) as a result of the exercise of the Option
evidenced by this Option Agreement.

4.   Resolution of Disputes. Any dispute or disagreement that arises under, or
as a result of, or pursuant to, this Option Agreement shall be determined by the
Committee in its absolute and uncontrolled discretion, and any such
determination or other determination by the Committee under or pursuant to this
Option Agreement, and any interpretation by the Committee of the terms of this
Option Agreement, shall be conclusive as to all persons affected thereby.

5.   Miscellaneous.

     (a)  Binding on Successors and Representatives. The parties understand that
this Option Agreement shall be binding not only upon themselves, but also upon
their heirs, executors, administrators, personal representatives, successors and
assigns (including any transferee of a party hereto); and the parties agree, for
themselves and their successors, assigns and representatives, to execute any
instrument that may be necessary or desirable legally to effect such
understanding.

     (b)  Entire Agreement; Relationship to Plan. The Optionee acknowledges that
a copy of the Plan has been available on the RBMG intranet ("iris"). Requests
for paper copies of the Plan or communications with respect to the Plan may be
made in writing to RBMG's plan administrator, MAVRICC Management Systems, P.O.
Box 7090, Troy, MI 48007. This Option Agreement, together with the Plan,
constitutes the entire agreement of the parties with respect to the Option and
supersedes any previous agreement, whether written or oral, with respect
thereto. This Option Agreement has been entered into in compliance with the
terms of the Plan; to the extent that any interpretive conflict may arise
between the terms of this Option Agreement and the terms of the Plan, the terms
of the Plan shall control.

     (c)  Amendment. Neither this Option Agreement nor any of the terms and
conditions herein set forth may be altered or amended orally, and any such
alteration or amendment shall be effective only when reduced to writing and
signed by each of the parties or their respective successors or assigns.

     (d)  Definitions and Construction of Terms. Capitalized terms used in this
Option Agreement but not defined herein are used herein as defined in the Plan.
Any reference herein to the singular or plural shall be construed as plural or
singular whenever the context requires.

     (e)  Governing Law; Submission to Jurisdiction. This Option Agreement shall
be governed by and construed in accordance with the laws of the State of South
Carolina. The parties hereby consent to the exclusive jurisdiction and venue of
the Court of Common Pleas in Richland County, South Carolina for purposes of
adjudicating any issue arising hereunder.

     (f)  Severability. The invalidity or unenforceability of any particular
provision of this Option Agreement shall not affect the other provisions hereof,
and this Agreement shall be construed in all respects as if such invalid or
unenforceable provision was omitted.

IN WITNESS WHEREOF, a duly authorized agent of RBMG has executed this Option
Agreement to be effective as of the Agreement Date stated above and the Optionee
shall have assented to, entered into and accepted this Option Agreement if the
Optionee does not notify RBMG in writing (at the address contained in Section
5(b) of this Option Agreement) within 30 days of receipt of this Option
Agreement of the Optionee's refusal to enter into this Option Agreement.

RESOURCE BANCSHARES MORTGAGE GROUP, INC.

By:  /s/ Douglas K. Freeman
   --------------------------------------
     Douglas K. Freeman, Chairman and CEO

                                       3<PAGE>   1

                                                                  EXHIBIT 10.108

                               THIRD AMENDMENT TO
                      AMENDED AND RESTATED CREDIT AGREEMENT
                              (WAREHOUSE FACILITY)

         THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
(WAREHOUSE FACILITY), dated as of June 22, 2001 (this "Amendment"), is entered
into among the Lenders party hereto, BANKERS TRUST COMPANY, a New York banking
corporation, as administrative agent for the Lenders (the "Administrative
Agent"), DORAL FINANCIAL CORPORATION, a corporation organized under the laws of
the Commonwealth of Puerto Rico ("DFC"), and DORAL MORTGAGE CORPORATION, a
corporation organized under the laws of the Commonwealth of Puerto Rico and a
wholly-owned subsidiary of DFC (together with DFC, each a "Borrower" and
collectively, the "Borrowers"), with reference to the Amended and Restated
Credit Agreement (Warehouse Facility), dated as of June 25, 1999, as amended by
the First Amendment to Amended and Restated Credit Agreement (Warehouse
Facility), dated as of November 30, 1999, among the Borrowers, the
Administrative Agent and the lenders party thereto and the Second Amendment to
Amended and Restated Credit Agreement (Warehouse Facility), dated as of June 23,
2000 (the "Second Amendment"), among the Borrowers, the Administrative Agent and
the Lenders party thereto (as amended, supplemented or otherwise modified from
time to time, the "Credit Agreement"). All capitalized terms used but not
otherwise defined herein shall have the meanings given such terms in the Credit
Agreement.

         The Lenders, the Administrative Agent and the Borrowers wish to amend
the Credit Agreement as set forth herein.

         ACCORDINGLY, the parties hereto agree as follows:

         Section 1.        Amendments to Credit Agreement.

         (a)      The following new definitions shall be added to Section 1.1 of
the Credit Agreement in appropriate alphabetical order:

         "'Leverage' shall mean the quotient obtained by dividing (a) Total
Borrower Liabilities by (b) Tangible Book Net Worth."

         "'Senior Unsecured Indebtedness' shall mean the amount of all unsecured
Indebtedness of DFC and its consolidated Subsidiaries, other than unsecured
Indebtedness of DFC and its consolidated Subsidiaries which is contractually
subordinate to the Obligations and the Servicing Obligations on terms acceptable
to the Administrative Agent."

         (b)      The definition of "Maturity Date" set forth in Section 1.1 of
the Credit Agreement shall be amended by replacing "June 22, 2001" with "June
21, 2002".

         (c)      The second proviso in the first sentence of Section 2.1(b) of
the Credit Agreement and the second sentence of Section 2.8(b) of the Credit
Agreement shall be deleted in their entirety.

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         (d)      Section 4.14 of the Credit Agreement shall be amended by
replacing "4,000,000,000" with "6,000,000,000".

         (e)      The text of Section 5.3(a) of the Credit Agreement shall be
deleted in its entirety and replaced with "[Intentionally Omitted]", and Exhibit
S to the Credit Agreement shall be deleted in its entirety.

         (f)      Section 5.3(b) of the Credit Agreement shall be amended by
replacing "$200,000,000" with "$260,000,000".

         (g)      Section 5.3(c) of the Credit Agreement shall be amended by
replacing "4,000,000,000" with "6,000,000,000."

         (h)      Section 5.3 of the Credit Agreement shall be amended by adding
the following new clauses (d), (e), (f), (g) and (h) immediately following
clause (c) thereof:

                  "(d)     'Maximum Leverage'. Permit Leverage to be greater
than 10.0."

                  "(e)     'Senior Unsecured Indebtedness Ratio'. Permit the
ratio of the Senior Unsecured Indebtedness to Tangible Book Net Worth to be
greater than 2.00:1.00."

                  "(f)     'DFC Tangible Book Net Worth'. Permit Tangible Book
Net Worth of DFC and its consolidated Subsidiaries (including, without
limitation, its Non-Mortgage Banking Subsidiaries) at any time to be less than
$450,000.000."

                  "(g)     'DFC Maximum Leverage'. Permit Leverage of DFC and
its consolidated Subsidiaries (including, without limitation, its Non-Mortgage
Banking Subsidiaries) to be greater than 12.0."

                  "(h)     'DFC Senior Unsecured Indebtedness Ratio'. Permit the
ratio of the Senior Unsecured Indebtedness of DFC and its consolidated
Subsidiaries (including, without limitation, its Non-Mortgage Banking
Subsidiaries) to Tangible Book Net Worth of DFC and its consolidated
Subsidiaries (including, without limitation, its Non-Mortgage Banking
Subsidiaries) to be greater than 1.25:1.00."

         (i)      The last unlettered paragraph of Section 5.3 of this Credit
Agreement shall be amended to read in its entirety as follows:

         "The determination of compliance with the covenants set forth in
clauses (b), (c), (d) and (e) of this Section 5.3 shall be based upon the
quarterly financial statements delivered to the Administrative Agent as
contemplated in Section 5.1(a)(ii) for the mortgage banking operations of DFC
and its consolidated Subsidiaries (which for greater certainty shall include the
financial results of DMC, SANA Mortgage Bankers, and Centro Hipotecario de
Puerto Rico, Inc., and shall exclude the financial results of the Non-Mortgage
Banking Subsidiaries). The determination of compliance with the covenants set
forth in clauses (f), (g) and (h) of this Section 5.3 shall be based upon the
quarterly financial statements delivered to the Administrative Agent as
contemplated in Section 5.1(a)(ii) for all of the operations of DFC and its
consolidated

                                      -2-
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Subsidiaries (which for greater certainty shall include the financial results of
all of such consolidated Subsidiaries, including, without limitation, the
financial results of the Non-Mortgage Banking Subsidiaries) and as used in such
covenants (and for the purpose of making any such determination of compliance
with such covenants) the following defined terms as used in such covenants shall
be amended as follows: (i) clause (b) of the definition of "Tangible Book Net
Worth" shall be amended by deleting subclause (i) thereof; and (ii) the
definition of "Total Borrower Liabilities" shall be amended by deleting the
parenthetical words "(other than its Non-Mortgage Banking Subsidiaries)"
therefrom."

         (j)      Section 1(v) of the Second Amendment shall be amended to read
in its entirety as follows:

                  "(v)     The following Lenders and their affiliates shall have
the titles set forth below for purposes of the credit facilities contemplated by
the Credit Agreement:

          Deutsche Banc Alex. Brown Inc.       Arranger, Syndication Agent and
                                               Documentation Agent

          Bankers Trust Company                Administrative Agent

          First Union National Bank            Managing Agent

          Bank of America N.A.                 Managing Agent

The acceptance of each such appointment by the related appointee shall be
evidenced by the execution and delivery of this Amendment by such appointee.
Each such appointment shall be subject to, and in its capacity as appointee each
such appointee shall be entitled to the benefit of all of the protections
afforded to an agent under, Section 7 of the Credit Agreement (other than
Section 7.9 of the Credit Agreement which shall apply only to the Administrative
Agent)."

         Section 2. Representation and Warranties. The Borrowers represent and
warrant that, on and as of the date hereof and after giving effect to this
Amendment, all of the representations and warranties made by them in the Credit
Agreement and the other Loan Documents are true and correct as if made on and as
of the date hereof and no Potential Default or Event of Default has occurred and
is continuing.

         Section 3. Effectiveness. This Amendment shall become effective as of
the date hereof upon delivery to the Administrative Agent of (i) counterparts of
this Amendment, duly executed and delivered by the parties hereto, and (ii)
certified copies of the resolutions of the Board of Directors of each of the
Borrowers evidencing the authorization of such Borrower to enter into this
Amendment.

                                      -3-
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         Section 4. Counterparts. This Amendment may be executed in any number
of counterparts, all of which taken together shall constitute one agreement, and
any party hereto may execute this Amendment by signing any such counterpart.

         Section 5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

         Section 6. Miscellaneous. Except as expressly amended hereby, none of
the terms, covenants and conditions contained in the Credit Agreement, the other
Loan Documents or the Intercreditor Agreement shall be amended or waived, and
all such terms, covenants and conditions shall continue to be, and shall remain,
in full force and effect in accordance with their respective terms. Nothing
contained herein shall operate as a waiver of any right, power or remedy of the
Administrative Agent or the Lenders under the Credit Agreement, any other Loan
Document or the Intercreditor Agreement, or constitute a waiver of any provision
of the Credit Agreement, any other Loan Document or the Intercreditor Agreement.

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

                                        DORAL FINANCIAL CORPORATION,
                                            as a Borrower

                                        By:      /s/ Mario S. Levis
                                            ------------------------------------
                                            Name:   Mario S. Levis
                                            Title:  Executive Vice President
                                            and Treasurer

                                        DORAL MORTGAGE CORPORATION,
                                            as a Borrower

                                        By:      /s/ Mario S. Levis
                                            ------------------------------------
                                            Name:   Mario S. Levis
                                            Title:  Executive Vice President

                                    -4-
<PAGE>   5

         Facility 1 Commitment:                     BANKERS TRUST COMPANY,
         $41,000,000                                as Administrative Agent
         Facility 2 Commitment:                     and as a Lender
         $1,000,000

                                            By:        /s/  Kevin M. McCann
                                                    ----------------------------
                                                    Name:   Kevin M. McCann
                                                    Title:  Managing Director

        Facility 1 Commitment:                      FIRST UNION NATIONAL BANK,
        $38,000,000                                 as Managing Agent and as a
        Facility 2 Commitment:                      Lender
        $1,000,000

                                            By:       /s/ Anthony J. Alfieri
                                                    ----------------------------
                                                    Name:  Anthony J. Alfieri
                                                    Title: Vice President

         Facility 1 Commitment:                     BANK OF AMERICA, N.A.
         $38,000,000                                as Managing Agent and as a
         Facility 2 Commitment:                     Lender
         $1,000,000

                                            By:         /s/ Agnes McAlpine
                                                    ----------------------------
                                                    Name:   Agnes McAlpine
                                                    Title:  Principal

         Facility 1 Commitment:                      FLEET NATIONAL BANK
         $32,000,000                                 (formerly BANKBOSTON,
         Facility 2 Commitment:                      N.A.), as a Lender
         $1,000,000

                                            By:         /s/ Paul Chmielinski
                                                    ----------------------------
                                                    Name:   Paul Chmielinski
                                                    Title:  Director

                                    -5-
<PAGE>   6

         Facility 1 Commitment:                     THE BANK OF NEW YORK,
         $ 27,000,000                               as a Lender
         Facility 2 Commitment:
         $ 1,000,000

                                            By:        /s/ Paul Connolly
                                                    ----------------------------
                                                    Name:  Paul Connolly
                                                    Title: Vice President

         Facility 1 Commitment:                     NATIONAL CITY BANK OF
         $27,000,000                                KENTUCKY,
         Facility 2 Commitment:                     as a Lender
         $1,000,000

                                            By:        /s/ Mary Jo Reiss
                                                    ----------------------------
                                                    Name:  Mary Jo Reiss
                                                    Title: Vice President

         Facility 1 Commitment:                     CREDIT LYONNAIS, NEW YORK
         $28,000,000                                BRANCH, as a Lender
         Facility 2 Commitment:
         $1,000,000

                                            By:         /s/ W. Jay Buckley
                                                    ----------------------------
                                                    Name:  W. Jay Buckley
                                                    Title: First Vice President

         Facility 1 Commitment:                     COLONIAL BANK,
         $19,000,000                                as a Lender
         Facility 2 Commitment:
         $1,000,000

                                            By:        /s/ Amy J. Nunneley
                                                    ----------------------------
                                                    Name:  Amy J. Nunneley
                                                    Title: Senior Vice President

                                    -6-
<PAGE>   7

                                        DEUTSCHE BANC ALEX. BROWN INC.,
                                            as Arranger, Syndication Agent and
                                            Documentation Agent

                                        By:      /s/ Kevin McCann
                                            ------------------------------------
                                            Name:  Kevin McCann
                                            Title: Managing Director

                                      -7-

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