Document:

Fifth Amendment Agreement dated as of December 31, 2008

 Exhibit 10.17 
 EXECUTION VERSION 
 FIFTH AMENDMENT AGREEMENT 
 Dated as of December 31, 2008 
 by and among 
 RESIDENTIAL FUNDING COMPANY, LLC, 
 as
Borrower, 
 GMAC MORTGAGE, LLC, 
 as Borrower, 
 RESIDENTIAL CAPITAL, LLC AND CERTAIN OTHER 
 AFFILIATES OF THE BORROWERS PARTY HERETO, 
 as Guarantors or Obligors, 
 and 
 GMAC LLC, 
 as Initial Lender and as Lender Agent 

 This FIFTH AMENDMENT AGREEMENT (this “Agreement”) dated as of December 31, 2008
(the “Amendment Effective Date”), is by and among Residential Funding Company, LLC, a Delaware limited liability company (“RFC”), GMAC Mortgage, LLC, a Delaware limited liability company (“GMAC
Mortgage” and, together with RFC, each a “Borrower” and, collectively, the “Borrowers”), Residential Capital, LLC and the other Affiliates of the Borrowers party hereto as Guarantors (each, a
“Guarantor”), the Affiliates of the Borrower party hereto as Obligors (each, an “Obligor”), and GMAC LLC, a Delaware limited liability company, in its capacity as Initial Lender and as agent for the Lenders (in such
capacity, the “Lender Agent”). 
 Reference is hereby made to the Loan Agreement dated as of June 4, 2008 among
the Borrowers, the Guarantors, the Initial Lender, the Lender Agent, the various other parties signatory thereto as obligors and Wells Fargo Bank, N.A (as amended and modified by the deletion and joinder of parties prior to the date hereof and as
otherwise amended through December 12, 2008, the “Loan Agreement”). 
 RECITALS 
 1. Each of the parties hereto is a party to the Loan Agreement. 
 2. The parties hereto desire to confirm certain understandings with respect to REO property, and to make certain amendments to the Loan Agreement. 
 3. Each of the parties hereto, by its signature hereto, hereby acknowledges, consents and agrees to the matters set forth herein. 
 4. In consideration of the premises and mutual agreements herein contained and for good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINED TERMS 
 SECTION 1.1 Capitalized terms used herein and not otherwise defined
shall have the meaning set forth in the Loan Agreement. 
 ARTICLE II 
 MODIFICATIONS TO THE AFFECTED DOCUMENTS 
 SECTION 2.1 Amendments to the Loan
Agreement. Each of the parties hereto hereby consents and agrees that the Loan Agreement shall be amended as of the Amendment Effective Date as follows: 
 (a) Section 2.04 of the Loan Agreement is hereby amended by adding the following new clause at the end thereof: 
 “(h) Notwithstanding anything herein to the contrary and for the avoidance of doubt, it is understood and agreed that Collateral Value of
Reinvestment REO 

 
Property shall not be included in the Borrowing Base for purposes of determining whether the condition precedent to the making of a new Loan set forth in
clause (c) of Schedule 5.02 of the Loan Agreement is satisfied.” 
 (b) Section 7.01(e) is hereby
amended in its entirety to read as follows: 
 “(e) Legal Existence, etc. Such Obligor shall (i) preserve and
maintain its legal existence and good standing and the legal existence and good standing of its Subsidiaries and; provided that an Obligor or its Subsidiaries may be dissolved in a Permitted Dissolution, (ii) preserve and maintain all of
its rights, privileges, authorizations, approvals, licenses and franchises, except to the extent such failure to so preserve and maintain arises from a Permitted Dissolution or is not reasonably expected to have a Material Adverse Effect; and
(iii) keep adequate records and books of account, in which complete entries will be made in accordance with GAAP consistently applied (or, in the case of Obligors or Subsidiaries organized outside of the United States, in accordance with GAAP
and/or applicable local accounting standards, consistently applied).” 
 (c) Section 7.01 of the Loan
Agreement is hereby amended by inserting the following new clause at the end thereof: 
 “(x) Reinvestment REO Property. The
Obligors will only designate Reinvestment REO Property as Reinvestment Collateral with respect to Net Cash Proceeds of Collateral Dispositions of Stage One Factored Advances.” 
 (d) Section 7.02(b) is hereby amended in by the addition of the following language at the end thereof: 
 “provided, however, if an entity is substantially dormant, then such entity may engage in any line of business activity
other than the businesses in substantially the same fields of enterprise as are conducted on the date hereof by any Obligor or Subsidiary of an Obligor;” 
 (e) Section 7.02(d) is hereby amended in its entirety to read as follows: 
 “(d) change its name, organizational identification number, organizational structure or its state of incorporation, organization or
formation unless it shall have given the Lender Agent at least thirty (30) days’ prior written notice thereof and unless, prior to any such change, it shall have filed, or caused to be filed, such financing statements or amendments and
taken such further action as any Lender or the Lender Agent determines may be reasonably necessary to continue the perfection and priority of the Lender Agent’s interest (on behalf of the Lender Parties) in the Collateral, provided however that
this Section 7.02(d) shall only apply to Obligors and issuers of notes, securities or other interests included in the Schedules to the Security Agreement;” 
 (f) Section 7.02 of the Loan Agreement is hereby amended by inserting the following new clause at the end thereof: 

“(w) designate Reinvestment REO Property as Primary Collateral to the extent the aggregate Fair Value of such property would exceed the lesser of
(i) $255,022,328, or (ii) the aggregate Net Cash Proceeds of State One Factored Advances that had not been reinvested as of December 31, 2008.” 
  

 2 

 (g) Section 8.01 of the Loan Agreement is hereby amended by inserting the
following new clause at the end thereof: 
 “(n) The Obligors shall fail to satisfy the Fifth Amendment Post-Closing Requirements (as
defined in the Fifth Amendment) in all material respects.” 
 SECTION 2.2 Amendments to Definitions. The following definitions in
Schedule 1.01 to the Loan Agreement are hereby amended as follows: 
 (a) The definition of “Collateral
Disposition” is hereby amended in its entirety to read as follows: 
 “Collateral Disposition” means any Transfer,
provided that if any such transaction constitutes part of a series of related transactions, all of the transactions in such series shall constitute a single Transfer. Collateral Disposition shall not include: (a) the write-off or
forgiveness of investments in the ordinary course of business; (b) any sale of MHF Assets in the ordinary course of business; (c) the collection of regularly scheduled payments of principal and interest on an Asset, (d) the
foreclosure (or deed in lieu of foreclosure) of a Mortgage Loan, construction loan, mezzanine loan, working capital loan or commercial loan (other than an WestLB Program Loan prior to the WestLB Termination Date), provided that ownership of
any resulting REO Property shall be transferred to a REO Owner or (in the case of construction loans or commercial loans which are BCG Assets) to a BCG REO Subsidiary as soon as reasonably practicable and shall become part of Primary Collateral (or
Supporting Assets for Primary Collateral in the case of BCG Assets). 
 (b) Clause (a) of the definition of
“Eligible Asset” is hereby amended in its entirety to read as follows: 
 “(a) such Asset (i) is a Conforming Loan, Jumbo
Loan, Wet Loan, Second Lien Loan, HELOC Loan, High LTV Loan, Scratch and Dent Loan, (ii) is an Agency Asset, (iii) is a Financial Asset-Backed Security secured by Conforming Loans, Jumbo Loans, Wet Loans, Second Lien Loans, HELOC Loans,
High LTV Loans, Scratch and Dent Loans or is an RMBS, CMBS, CDO or CLO, (iv) is an Equity Interest in a Financing SPV that holds Assets that consist of Conforming Loans, Jumbo Loans, Wet Loans, Second Lien Loans, HELOC Loans, High LTV Loans,
Scratch and Dent Loans or RMBS, CMBS, CDOs or CLOs, (v) is an Equity Interest in a BCG REO Subsidiary or an WestLB Program Subsidiary, (vi) is an Equity Interest in REO Owner, MHFI, or a Subsidiary of MHFI, (vii) is an Incremental
Advance; (viii) is an Equity Interest in a joint venture that was owned by BCG on the Closing Date or that was subsequently acquired by BCG pursuant to a workout of Primary Collateral; (ix) is a Servicing Corporate Advance, Servicing
T&I Advance or Servicing P&I Advance; (x) is Reinvestment REO Property which has been transferred to an REO Owner or (xi) an increase in the aggregate outstanding principal balance of the English Notes in accordance with the terms
of the English Security Documents.” 
  

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 (c) Clause (b) of the definition of “Eligible Asset” is hereby amended in
its entirety to read as follows: 
 “(b) such Asset is either (i) owned by a Borrower or Guarantor; (ii) owned by an Obligor
and is an Incremental Advance or (iii) with respect to clause (a)(v) above is owned by an Obligor.” 
 (d) The
definition of “Reinvestment Collateral” is hereby amended in its entirety to read as follows: 
 “Reinvestment
Collateral” means (i) Eligible Assets acquired as Permitted Consideration for a Collateral Disposition, (ii) Servicing P&I Advances, Servicing Corporate Advances and Servicing T&I Advances arising under an Eligible
Servicing Advances Agreement, (iii) Reinvestment REO Property, ownership of which has been transferred to an REO Owner and (iv) other Eligible Assets acquired with Net Cash Proceeds of a Collateral Disposition or otherwise designated by
the Borrowers as new Primary Collateral or Supporting Assets to replace the assets subject to a Collateral Disposition, which Reinvestment Collateral shall be included in any Permanent Paydown Reports; provided that the failure to include
such Reinvestment Collateral on any Permanent Paydown Report shall not relieve the Obligors of any of their obligations to treat assets acquired as Permitted Consideration for a Collateral Disposition or with Net Cash Proceeds of a Collateral
Disposition as Primary Collateral or to comply with the provisions of the Facility Documents relating to Primary Collateral. 
 SECTION 2.3
New Definitions. Schedule 1.01 to the Loan Agreement is hereby amending by adding the following new definitions in the appropriate alphabetical location therein: 
 “BCG REO Subsidiaries” means (a) DOA Holdings; DOA Holdings NoteCo, LLC; DOA Properties I, LLC; DOA Properties II, LLC; DOA
Properties III (Models), LLC; DOA Properties IV, LLC; DOA Properties V, LLC (Lots-CA); DOA Properties VII, LLC (Lots-NV); DOA Properties IX (Lots-Other), LLC; (b) any special purpose vehicle which (i) has been designated by the Borrowers
and either approved in writing by the Lender Agent or is established with organizational documents in a form approved by the Lender Agent in writing, and (ii) is a subsidiary of DOA Holdings and (c) after the WestLB Termination Date, the
WestLB Program Subsidiaries. 
 “DOA Holdings” means DOA Holdings Properties, LLC, a Delaware limited liability company.

 “Fifth Amendment” means the Fifth Amendment Agreement, dated as of December 31, 2008, among the parties to this
Agreement. 
 “MHFI” means GMAC Model Home Finance I, LLC, a Delaware limited liability company. 
  

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 “Permitted Dissolution” means a dissolution and termination of the legal existence of
(a) an Obligor with the prior written consent of the Lender Agent and (b) a Subsidiary of an Obligor which is not itself an Obligor which (i) does not have any material assets (other than assets transferred to an Obligor or a
subsidiary of an Obligor or assets contractually required to be paid to third parties prior to dissolution) and (ii) does not own or have title to any Primary Collateral (other than Primary Collateral transferred to an Obligor). 
 “Reinvestment REO Property” means residential REO Property acquired as the result of foreclosure (or deed in lieu of foreclosure) of
residential mortgage Assets which are not Primary Collateral. 
 “RFC Construction Funding” means RFC Construction Funding,
LLC, a Delaware limited liability company. 
 “Servicing Advances” means Servicing T&I Advances, Servicing P&I
Advances and Servicing Corporate Advances. 
 “Stage One Factored Advances” means Servicing Advances that constituted
Primary Collateral and, prior to the Fourth Amendment Date, were the subject of a Collateral Disposition pursuant to an Approved Servicing Advance Factoring Agreement. 
 “WestLB Program” means the financing program established pursuant to that certain Eighth Amended and Restated Receivables Financing Agreement among RFC Construction Funding, RFC, as servicer, certain
financial institutions and WestLB AG, as administrative agent, dated as of June 4, 2008. 
 “WestLB Program Subsidiary”
means a special purpose vehicle which has (a) has been designated by the Borrowers and either approved in writing by the Lender Agent or is established with organizational documents in substantially the same form as the organizational documents
for RC Properties VI, LLC or another form approved by the Lender Agent in writing and (b) is a subsidiary of RFC Construction Funding. 
 “WestLB Program Loan” means a construction or commercial loan which is an Excluded Asset and which is collateral under the WestLB Program.” 
 “WestLB Termination Date” means the date on which the WestLB Program is terminated, all obligations of the Obligors and their Subsidiaries are paid in full and all liens created under the WestLB
Program are terminated. 
 SECTION 2.4 Amendment to Eligibility Criteria. Exhibit A to the Loan Agreement is hereby replaced
with the Exhibit attached hereto as Exhibit A. 
 SECTION 2.5 Amendment to Collateral Value Calculation. Schedule 2.04 to the
Loan Agreement is hereby amended as follows: 
 (a) by amending clause (m) contained therein in its entirety to read as
follows: 
 “(m) 50% of the Value of BCG Assets (including, for the avoidance of doubt, BCG Assets consisting of REO Property)
plus” 
  

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 (b) by amending clause (s) contained therein in its entirety to read as follows:

 “(s) 50% of the Value of REO Property (including Reinvestment REO Property only to the extent designated as Primary Collateral in
accordance with Section 7.01(x) or Section 7.02(w)) owned by an REO Owner or Model Homes owned by MHFI or its Subsidiary, provided in each case that such ownership interest has been submitted for recordation in the applicable
real estate records.” 
 SECTION 2.6 Amendment to Schedule of Bilateral Facilities. Schedule 7.01(t) to the Loan Agreement
is hereby replaced with the Exhibit attached hereto as Exhibit B. 
 SECTION 2.7 Amendment to Schedule 7.01(g). Schedule 7.01(g) to
the Loan Agreement is hereby amended by adding the following new phrase at the end of item 1 thereof: 
 “which report shall separately
list Reinvestment REO Property included in the Primary Collateral and related Carrying Values, in detail satisfactory to the Lender Agent.” 
 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS 
 SECTION 3.1 Amendment Effective Date. This Agreement and the provisions contained herein shall become effective as of the date hereof provided that the Lender Agent shall have, in form and substance
satisfactory to them, received an original counterpart (or counterparts) of this Agreement executed by each of the parties hereto. 
 ARTICLE IV 
 POST-CLOSING REQUIREMENTS 
 SECTION 4.1. Post-Closing Requirements. The following items (the “Fifth Amendment Post-Closing Requirements”) shall be delivered to the Lender Agent on or before January 14, 2009:

 (a) an original counterpart of an amendment to the Security Agreement, adding the pledge of the equity of the BCG
Subsidiaries described in clause (c) below to the applicable Schedules to the Security Agreement and otherwise updating the schedules to the Security Agreement, which amendment shall be in form and substance satisfactory to the Lender Agent.

 (b) such opinions of counsel as the Lender Agent shall reasonably request, which opinions shall be in form and substance
satisfactory to the Lender Agent. 
 (c) evidence of the formation (including certificates of formation, executed limited
liability company agreements or other organizational documents and certificates of good standing), in form and substance satisfactory to the Lender Agent, of the WestLB Program Subsidiaries and the BCG REO Subsidiaries formed prior to the date
hereof. 
  

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 ARTICLE V 
 RESERVATION OF RIGHTS, CONFIRMATION, ACKNOWLEDGEMENT, 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 5.1 Notice. Each Obligor hereto hereby acknowledges timely notice of the execution of this Agreement and of the transactions and
amendments contemplated hereby. Each party hereto hereby waives any notice requirement contained in the Facility Documents with respect to the execution of this Agreement. 
 SECTION 5.2 Clarification of WestLB Program Dispositions. The Obligors acknowledge and agree, for the avoidance of doubt, that prior to the WestLB
Termination Date (a) transfers of REO Property resulting from foreclosures (or deed in lieu of foreclosure) on WestLB Program Loans to WestLB Program Subsidiaries constitute Collateral Dispositions, (b) no Net Cash Proceeds arise from such
Collateral Dispositions due to (i) the liens on such property under the WestLB Program and (ii) the retention of the equity in the WestLB Program Subsidiaries by RFC Construction Financing, which equity constitutes Supporting Assets for
Primary Collateral (i.e., the equity in RFC Construction Financing pledged by RFC) and (c) such retention of the equity in the WestLB Program Subsidiaries shall be Permitted Consideration for such Collateral Disposition and constitute Fair
Value in connection with such Collateral Disposition. 
 SECTION 5.3 Reservation of Rights. The Obligors each hereby acknowledge and
agree that none of this Agreement, the making of any loan under the Loan Agreement by GMAC LLC and GMAC LLC’s or the Lender Agent’s consent thereto either before or after the Effective Date shall constitute (w) an approval of the
accuracy of all or any portion of any Borrower funding request or related certification, (x) a waiver or forbearance by GMAC LLC or the Lender Agent under any of the Facility Documents, (y) the acceptance by any Lender or the Lender Agent
of any course of conduct by any Obligor or any other Person or (z) an agreement by GMAC LLC or the Lender Agent to amend any of the Facility Documents without all required approvals or related certification. The Obligors each hereby further
acknowledge and agree that GMAC LLC and the Lender Agent reserve all rights, remedies and options under the Facility Documents to require either Borrower to satisfy in all respects the conditions relating to the making of any loan under the Facility
Documents and each Obligor to perform all of its obligations under the Facility Documents which are then due and owing or are susceptible of performance, as the case may be. 
 SECTION 5.4 Confirmation of the Subject Documents. The Obligors each hereby acknowledge and agree that, except as herein expressly amended, the
Loan Agreement and each other Facility Document are each ratified and confirmed in all respects and shall remain in full force and effect in accordance with their respective terms. Without limiting the foregoing, each Obligor ratifies and reaffirms
(a) its grant of a security interest in all the Collateral (as defined in the Loan Agreement) pledged by it, and represents, confirms and agrees that such security interest is a first priority perfected security interest (subject in the case of
Collateral under the Loan Agreement to Approved Exceptions and Permitted Liens) securing all Obligations (as defined in the Loan Agreement) and (b) all of its other obligations under the Facility Documents executed and delivered by it.

  

 7 

 SECTION 5.5 Representations and Warranties. By its signature hereto, each Obligor hereby
represents and warrants that, before and after giving effect to this Agreement, as follows: 
 (a) Its representations and
warranties set forth in the Facility Documents (as amended hereby) are true and correct as if made on the date hereof, except to the extent they expressly relate to an earlier date, and except for matters that have been disclosed to the Lender
Agent in writing; it being understood that solely for the purpose of this Agreement and as of the date hereof, the Obligors shall not be required to make the representation and warranty set forth in Section 6.01(h) of the Loan Agreement.

 (b) No Default has occurred and is continuing. 
 ARTICLE VI 
 MISCELLANEOUS 
 SECTION 6.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES (BUT WITH REFERENCE TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH BY ITS TERMS APPLIES TO THIS AGREEMENT). 
 SECTION 6.2 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original (whether such counterpart is originally executed or an electronic copy of an original and each party hereto expressly waives its rights to receive originally executed documents) and all of which when taken together shall constitute one
and the same agreement. 
 SECTION 6.3 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO A
TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. 
 SECTION 6.4 Entire Agreement. This
Agreement, the Loan Agreement and the other Facility Documents embody the entire agreement and understanding of the parties hereto and supersede any and all prior agreements, arrangements and understanding relating to the matters provided for
herein. 
 SECTION 6.5 Captions. The various captions in this Agreement are included for convenience only and shall not affect the
meaning or interpretation of any provision of this Agreement. 
 SECTION 6.6 Severability. If any provision of this Agreement, or the
application thereof to any party or any circumstance, is held to be unenforceable, invalid or illegal (in whole or in part) for any reason (in any jurisdiction), the remaining terms of this Agreement, modified by the deletion of the unenforceable
invalid or illegal portion (in any relevant jurisdiction), will continue in full force and effect, and such unenforceability, invalidity or illegality will not otherwise affect the enforceability, validity or legality of the remaining terms of this
Agreement 

  

 8 

 
so long as this Agreement, as so modified, continues to express, without material change, the original intentions of the parties as to the subject matter
hereof and the deletion of such portion of this Agreement will not substantially impair the respective expectations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. 
 SECTION 6.7 SUBMISSION TO JURISDICTION. EACH PARTY HERETO HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO HEREBY CONSENTS
TO PROCESS BEING SERVED IN ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT, OR ANY DOCUMENT DELIVERED PURSUANT HERETO BY THE MAILING OF A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, RETURN RECEIPT REQUESTED, TO ITS
RESPECTIVE ADDRESS SPECIFIED AT THE TIME FOR NOTICES UNDER THIS AGREEMENT OR TO ANY OTHER ADDRESS OF WHICH IT SHALL HAVE GIVEN WRITTEN OR ELECTRONIC NOTICE TO THE OTHER PARTIES. THE FOREGOING SHALL NOT LIMIT THE ABILITY OF ANY PARTY HERETO TO BRING
SUIT IN THE COURTS OF ANY JURISDICTION. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 9 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers
thereunto duly authorized, as of the date first above written. 
  

			
	 RESIDENTIAL FUNDING COMPANY, LLC,
 as
Borrower

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 GMAC MORTGAGE, LLC,
 as
Borrower

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		 	S-1	 	Fifth Loan Agreement Amendment

			
	 GMAC LLC,
 as Lender Agent and as Initial
Lender

		
	By:	 	 /s/ David C. Walker

	Name:	 	David C. Walker
	Title:	 	Group Vice President and Treasurer

  

					
		 	S-2	 	Fifth Loan Agreement Amendment

			
	Acknowledged and Agreed:
	
	 RESIDENTIAL CAPITAL, LLC,
 as
Guarantor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Assistant Treasurer
	
	 GMAC RESIDENTIAL HOLDING COMPANY, LLC,
 as Guarantor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 GMAC-RFC HOLDING COMPANY, LLC,
 as Guarantor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 HOMECOMINGS FINANCIAL, LLC,
 as Guarantor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		 	S-3	 	Fifth Loan Agreement Amendment

			
	Acknowledged and Agreed:
	
	 RESIDENTIAL MORTGAGE REAL ESTATE HOLDINGS, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 RESIDENTIAL FUNDING REAL ESTATE HOLDINGS, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 HOMECOMINGS FINANCIAL REAL ESTATE HOLDINGS, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 EQUITY INVESTMENT I, LLC,
 as
Obligor

		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President
	
	 DEVELOPERS OF HIDDEN SPRINGS, LLC,
 as
Obligor

		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President

  

					
		 	S-4	 	Fifth Loan Agreement Amendment

			
	 DOA HOLDING PROPERTIES, LLC,
 as
Obligor

		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President
	
	 RFC ASSET HOLDINGS II, LLC,
 as
Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 PASSIVE ASSET TRANSACTIONS, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 GMAC MODEL HOME FINANCE I, LLC,
 as Obligor

		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President
	
	 EQUITY INVESTMENT IV, LLC,
 as
Obligor

		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President

  

					
		 	S-5	 	Fifth Loan Agreement Amendment

			
	 AMERILAND, LLC,
 as
Obligor

		
	By:	 	REG-PFH, LLC, its sole member
		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President
	
	 REG-PFH, LLC,
 as
Obligor

		
	By:	 	 /s/ Donald Pierce

	Name:	 	Donald Pierce
	Title:	 	Vice President
	
	 HOME CONNECTS LENDING SERVICES, LLC,
 as
Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 MINT I, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 MINT I VFN HOLDINGS, LLC,
 as
Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 GMACR MORTGAGE PRODUCTS, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		 	S-6	 	Fifth Loan Agreement Amendment

			
	 DITECH, LLC,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 RESIDENTIAL CONSUMER SERVICES, LLC,
 as
Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 GMAC MORTGAGE USA CORPORATION,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC.,
 as Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		 	S-7	 	Fifth Loan Agreement Amendment

			
	 RFC ASSET MANAGEMENT, LLC
 as
Obligor

		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 RFC SFJV-2002, LLC,
 as
Obligor

		
	By:	 	RFC ASSET MANAGEMENT, LLC,
		 	its sole member
		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	 RCSFJV2004, LLC,
 as
Obligor

		
	By:	 	RFC ASSET MANAGEMENT, LLC,
		 	its sole member
		
	By:	 	 /s/ John M. Peterson

	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		 	S-8	 	Fifth Loan Agreement Amendment

 Exhibit A to Fifth Amendment 
 EXHIBIT A 
 ELIGIBILITY REQUIREMENTS 
 Capitalized terms used in this Exhibit A have the meaning set forth in Schedule 1.01 to the Loan Agreement to which the Exhibit A is
a part. 
 An Asset shall be deemed to satisfy the Eligibility Requirements if such Asset meets the following requirements, subject to the
qualification that certain of such requirements (as Specified below) will not apply to Substitute Collateral; provided that the negative effect of any such exclusion shall be taken into account in determining the Fair Value of such Substitute
Collateral: 
 (a) each related Contract constitutes a legal, valid and binding obligation of the related Payor, enforceable
against the Payor in accordance with its terms and is not subject to any right of rescission, set-off, counterclaim or other defense of the related Payor (except as enforceability may be limited or defenses may arise by bankruptcy, insolvency,
reorganization, moratorium or other laws affecting the enforcement of creditors’, mortgagees’ or lessors’ rights in general and general principles of equity, regardless of whether such enforceability is considered in a proceeding in
equity or at law); provided however that this requirement shall not apply in the case of REO Property; 
 (b)
each related Contract was originated and has been administered in accordance with Applicable Law (including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity,
warehousing and disclosure laws); provided however that this requirement shall not apply in the case of REO Property; 
 (c) each related Contract was originated by an Obligor or acquired by an Obligor in the ordinary course of business; provided however that this requirement shall not apply in the case of REO Property; 
 (d) each related Contract has been underwritten and serviced by an Obligor in accordance with the Credit and Collection Policies pursuant
to (i) documentation acceptable to prudent lending institutions or investors, subject to Approved Exceptions and Permitted Liens in the case of Mortgage Loans, and (ii) origination practices that are customary for the origination of assets
of such type as of the time such Asset was originated; provided however that this requirements will not apply to Substitute Collateral or REO Property; 
 (e) such Asset has been selected for inclusion in the Primary Collateral using no selection procedures adverse to the Secured Parties;

 (f) such Asset is not a Defaulted Asset or a Credit Risk Asset; provided however that this requirement shall
not apply in the case of Substitute Collateral or REO Property; 

 (g) the First Priority Collateral Agent acquired and has good title and a valid and
perfected security interest in such Asset, free of any Lien (other than Permitted Liens); provided however that this requirement shall not apply in the case of REO Property; 
 (h) the obligations of the Payor under the related Contract are irrevocable, unconditional and non-cancelable; provided
however that this requirement shall not apply in the case of REO Property; 
 (i) the related Contract is denominated
and payable in Dollars by a Payor in the United States of America or (in the case of an increase in the aggregate outstanding balance of the English Notes) Pounds Sterling by the English SPV; provided that in the case of any such increase in the
aggregate outstanding balance of the English Notes, the English SPV shall have acquired Eligible UK Assets with a Fair Value equal to or greater than the amount of such increase; provided further that this requirement shall not apply in the case of
REO Property; 
 (j) the related Contract would be characterized as “chattel paper”, an “account”, an
“instrument”, a “general intangible” or “investment property” under the UCC; provided however that this requirement shall not apply in the case of REO Property; and 
 (k) the pledge of the Asset or any interest therein by the relevant Obligor to the First Priority Collateral Agent does not require the
consent of any Person that has not been obtained and does not otherwise violate the terms of any other agreement binding on the Obligors; 
 (l) such Asset is not subject to an offer of exchange or tender by its issuer or by any other Person for securities or any other type of consideration other than cash, and such Asset does not provide at any time over
its life of the payment of any amounts due to be made by delivery of an equity security or mandatory conversion into an equity security; provided however that this requirement shall not apply in the case of REO Property; 
 (m) either (i) no payments of principal or interest on such security are subject to withholding taxes imposed by any jurisdiction or
(ii) if any such payments are subject to withholding tax imposed by any jurisdiction, the obligor thereunder is required to make “gross-up” payments that cover the full amount of any such withholding tax on an after-tax basis;
provided however that this requirement shall not apply in the case of REO Property; 
 (n) [Reserved];

 (o) either (i) future advances are not required to be made by the holder of such Asset, or (ii) if future
advances are required to be made, the Obligors have adequate means with which to make future advances; 

 (p) the related Payor with respect to such Asset is organized or incorporated under the
laws of a country that does not impose foreign exchange restrictions effectively limiting the availability or use of U.S. Dollars to make scheduled payments of principal or interest on such Asset; provided however that this requirement
shall not apply in the case of REO Property; 
 (q) such Asset requires the payment of a fixed amount of principal in cash no
later than its stated maturity or termination date, and such Asset is not callable for less than its face amount; provided however that this requirement shall not apply in the case of REO Property; 
 (r) such Asset is not an operating lease or financing by a debtor-in-possession in an insolvency proceeding; 
 (s) the terms of such Asset have not been impaired, waived, altered or modified in any respect, except (i) in accordance with the
Credit and Collection Policy with a view to maximizing the Value of such Asset or (ii) as required by Applicable Law; provided however that this requirement shall not apply in the case of REO Property; 
 (t) if such Asset is a Mortgage Loan, the related mortgage has not been satisfied, canceled, subordinated or rescinded and the related
mortgage property has not been released from the lien of the mortgage; 
 (u) in the case of an Asset that is a Servicing
P&I Advance, Servicing Corporate Advance or Servicing T&I Advance, the related Obligor reasonably believes that such advance is recoverable from the proceeds of the sale of the related real estate; 
 (v) in the case of an Asset that is a Servicing P&I Advance, Servicing Corporate Advance or Servicing T&I Advance, such Asset
arises under an Eligible Servicing Advances Agreement; provided however that this requirement shall not apply in the case of Substitute Collateral; 
 (w) in the case of an Asset that is an Incremental Advance, the related Obligor reasonably believes that it is contractually obligated to
make such advance or that such advance is necessary to maximize its recovery on the related collateral; 
 (x) in the case of
an Asset that is an Equity Interest in a Subsidiary or joint venture that holds parcels of real estate, such Equity Interest shall be considered to be an Eligible Asset to the extent of the Value of parcels for which (i) an enforceable deed
evidencing such Subsidiary’s or joint venture’s ownership interest in such parcel has been submitted for recording in the appropriate filing office, and (ii) such parcel is not subject to any Liens other than Permitted Liens;

 (y) if such Asset represents the right to be paid by the VA or the FHA in respect of Servicing costs on an insured Mortgage
Loan, such Mortgage Loan shall have been included in Primary Collateral; and 

 (z) is REO Property or supported by REO Property, (i) the related REO Owner, BCG REO
Subsidiary or WestLB Program Subsidiary has good and marketable title to such REO Property, free of any Lien (other than Permitted Liens), (ii) if such REO was part of the Initial Collateral or acquired through the foreclosure of a Mortgage
Loan which constituted Primary Collateral, the Collateral Value of such REO and any other Primary Collateral related thereto is calculated without double counting, (iii) the Obligors do not have actual knowledge that any such REO Property has
suffered material uninsured damage due to hurricane, flood, tornado or other natural disaster or environmental hazard; it being understood that if any such damage is subsequently discovered, the Value of the REO Property will be reduced to reflect
such damage, and (iv) such REO Property is located in the United States or a territory thereof. 
 (aa) such Asset is not
an Excluded Asset. 
 For the avoidance of doubt, with respect to any REO Property, the related Contract shall be the Contract relating to the
loan or financing pursuant to which such property was acquired through foreclosure or deed in lieu of foreclosure. 

 Exhibit B to Fifth Amendment 
 Schedule 7.01(t) 
 Bilateral FacilitiesAmendment No. 1 dated as of October 6, 2008

 Exhibit 10.18 
 AMENDMENT NO. 1 TO THE 
 SERVICER ADVANCE RECEIVABLES FACTORING AGREEMENT 
 Dated as of October 6, 2008 
 AMENDMENT NO. 1 TO THE SERVICER ADVANCE RECEIVABLES FACTORING AGREEMENT (this “Amendment”) by and among GMAC MORTGAGE, LLC, a Delaware limited liability company, as a seller (together with any successors,
“GMAC Mortgage”), RESIDENTIAL FUNDING COMPANY, LLC, a Delaware limited liability company, as a seller (together with any successors, “RFC” and together with GMAC Mortgage, each a “Seller” and
collectively, the “Sellers”) and GMAC COMMERCIAL FINANCE LLC, a Delaware limited liability company, as purchaser (the “Purchaser”). 
 PRELIMINARY STATEMENTS: 
 (1) The Sellers and the Purchaser have entered into the Servicer Advance
Receivables Factoring Agreement dated as of June 17, 2008 (the “Existing Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing Agreement. 
 (2) The Sellers have requested the Purchaser to amend, and the Purchaser has agreed to amend, the Existing Agreement on the terms and conditions set
forth herein. 
 AGREEMENT: 
 For good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1.
Amendments to the Existing Agreement. The Existing Agreement is, effective as of the date hereof, hereby amended as follows: 
 (a) Section 7(j) of the Existing Agreement is hereby amended and restated in full to read as follows: 
 “(j) Compliance with Servicing Agreements. Each Seller will comply with the terms and conditions of the Servicing Agreements to which it is a party, except for where failure to so comply would not have a Material Adverse Effect
and would not impair the right, title or interest of Purchaser in any Purchased Assets or impair the collectibility of any Purchased Receivables. Notwithstanding the foregoing, each Seller will notify the Purchaser in writing as soon as practicable
upon becoming aware of the occurrence or existence of any Servicer Termination Event or Unmatured Servicer Termination Event under a Designated Servicing Agreement included in the facility hereunder.” 
  

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 (b) Section 8(a)(10) of the Existing Agreement is hereby amended and restated in
full to read as follows: 
 “(10) Servicer Termination Events Under Designated Servicing Agreements. The
occurrence of one or more Unmatured Servicer Termination Events or Servicer Termination Events under Designated Servicing Agreements included in the facility provided under this Agreement representing 5% or more (by either Loan balance or by
Receivable Balance of Purchased Receivables, in each case as of the date of termination) of all Designated Servicing Agreements then included in the facility, but any such occurrence shall only constitute a Termination Event upon Purchaser’s
written notice to Sellers that the Purchaser has determined, in its sole discretion, that such occurrence constitutes a Termination Event; or” 
 SECTION 2. Representations and Warranties of the Sellers. Each Seller represents and warrants as follows: 
 (a) It is a
limited liability company duly organized or formed, validly existing and in good standing under the laws of Delaware. 
 (b) Neither
(1) the execution and delivery of this Amendment, nor (2) the consummation of the transactions herein and contemplated in the Existing Agreement in compliance with the terms and provisions hereof and/or thereof, as the case may be, will
conflict with or result in a breach of the limited liability company agreement or other constitutive documents, as applicable, of either Seller, or any applicable law, rule or regulation, or any order, writ, injunction or decree of any Governmental
Authority, or other agreement or instrument to which such Person, or any of its subsidiaries, is a party or by which any of them or any of their property is bound or to which any of them or their property is subject, or constitute a default under
any such agreement or instrument, or (except for the liens created or permitted pursuant to the Existing Agreement or any other Purchase Document to which such Seller is a party) result in the creation or imposition of any lien upon any property of
such Person, pursuant to the terms of any such agreement or instrument, except where such conflict or breach, default or lien would not reasonably be expected to have a Material Adverse Effect. 
 (c) There are no proceedings or investigations pending or, to the best knowledge of such Seller, threatened, against such Seller before any Governmental
Authority (1) asserting the invalidity of this Amendment, the Existing Agreement or any other Purchase Document, (2) seeking to prevent the consummation of any of the transactions contemplated by this Amendment, the Existing Agreement or
any other Purchase Document, (3) seeking any determination or ruling that, in the reasonable judgment of such Seller, would materially and adversely affect the performance by such Seller of its obligations under this Amendment, the Existing
Agreement or any other Purchase Document, or (4) seeking any determination or ruling that, in the reasonable judgment of such Seller, would materially and adversely affect the validity or enforceability of this Amendment, the Existing Agreement
or any other Purchase Document. 
  

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 (d) No consent, approval, authorization or order of any court or governmental agency or body is required
for the execution, delivery and performance by such Seller of or compliance by such Seller with this Amendment, the Existing Agreement or the consummation of the transactions contemplated by this Amendment and the Existing Agreement as amended
hereby, except for consents, approvals, authorizations and orders which have been obtained. 
 SECTION 3. Reference to and Effect on the
Existing Agreement. 
 (a) On and after the effectiveness of this Amendment, each reference in the Existing Agreement to “this
Agreement,” “hereunder,” “hereof” or words of like import referring to the Existing Agreement, shall mean and be a reference to the Existing Agreement, as amended by this Amendment. 
 (b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Purchaser under
Existing Agreement. Except as expressly provided herein, the Existing Agreement shall remain in full force and effect, unmodified. 
 SECTION
4. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 5. GOVERNING LAW; SUBMISSION TO JURISDICTION. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (BUT WITH REFERENCE TO SECTION 5-1401 OF THE NEW YORK OBLIGATION LAW, WHICH BY ITS TERMS APPLIES TO THIS AMENDMENT). 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written. 
  

			
	
	 GMAC MORTGAGE, LLC,
 as
Seller

		
	By:	 	 /s/ James N. Young

	Name:	 	James N. Young
	Title:	 	Chief Financial Officer
	
	 RESIDENTIAL FUNDING COMPANY, LLC,
 as
Seller

		
	By	 	 /s/ James N. Young

	Name:	 	James N. Young
	Title:	 	Chief Financial Officer
	
	 GMAC COMMERCIAL FINANCE LLC,
 as
Purchaser

		
	By	 	 /s/ Kevin J. Boland

	Name:	 	Kevin J. Boland
	Title:	 	Chief Credit Officer

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