I was curious as to what various commentaries had to say on this subject of Judas' repentance, so I looked up Matthew 27:3 on Biblehub.com. I learned something I did not know before. The Greek word translated "repented" here is not the same word for "repent" when speaking of turning away from sin. Anyway, I copied some of what these various commentators said, because I wanted to know what they believed was meant by Judas' repentance. So, here is what they said in case anyone is interested. FYI: I don't know the theological bent of any of these commentators, but I think they are not all the same.
Ellicott’s Commentary on Matthew 27:3:
Repented himself.—The Greek word is not that commonly used for “repentance,” as involving a change of mind and heart, but is rather “regret,” a simple change of feeling. The coins which he had once gazed on and clutched at eagerly were now hateful in his sight, and their touch like that of molten metal from the furnace. He must get rid of them somehow. There is something terribly suggestive in the fact that here there were no tears as there had been in Peter’s repentance.
3338 metaméllomai (from 3326 /metá, "change after being with," and 3199 /mélō, "care, be concerned with") – properly, to experience a change of concern after a change of emotion and usually implying to regret, i.e. falling into emotional remorse afterwards (note the force of 3326 /metá).
Pulpit Commentary on Matthew 27:3:
Repented himself (μεταμεληθείς). This word (differing from μετανοέω, which expresses change of heart) denotes only a change of feeling, a desire that what has been done could be undone; this is not repentance in the Scripture sense; it springs not from love of God, it has not that character which calls for pardon.
Barnes’ notes on Matthew 27:3:
Then Judas, when he saw that he was condemned, repented himself - This shows that Judas did not suppose that the affair would have resulted in this calamitous manner. He probably expected that Jesus would work a miracle to deliver himself, and not suffer this condemnation to come upon him. When he saw him taken, bound, tried, and condemned - when he saw that all probability that he would deliver himself was taken away - he was overwhelmed with disappointment, sorrow, and remorse. The word rendered "repented himself," it has been observed, does not of necessity denote a change "for the better," but "any" change of views and feelings. Here it evidently means no other change than that produced by the horrors of a guilty conscience, and by deep remorse for crime at its unexpected results. It was not saving repentance. That leads to a holy life this led to an increase of crime in his own death. True repentance leads the sinner to the Saviour. This led away from the Saviour to the gallows. Judas, if he had been a true penitent, would have come then to Jesus; would have confessed his crime at his feet, and sought for pardon there. But, overwhelmed with remorse and the conviction of vast guilt, he was not willing to come into his presence, and added to the crime of treason that of self-murder. Assuredly such a man could not be a true penitent.
Jamieson-Faussett-Brown Commentary on Matthew 27:3:
Repented himself—but, as the issue too sadly showed, it was "the sorrow of the world, which worketh death" (2Co 7:10).
Gil’s Exposition of Matthew 27:3:
repented himself: not for the sin, as committed against God and Christ; but as it brought a load of present guilt and horror upon his mind, and exposed him to everlasting punishment: it was not such a repentance by which he became wiser and better; but an excruciating, tormenting pain in his mind, by which he became worse; therefore a different word is here used than what commonly is for true repentance: it was not a godly sorrow for sin, or a sorrow for sin, as committed against God, which works repentance to salvation not to be repented of; but a worldly sorrow, which issues in death, as it did in him. It did not spring from the love of God, as evangelical repentance does, nor proceed in the fear of God, and his goodness; but was no other than a foretaste of that worm that dieth not, and of that fire which cannot be quenched: it was destitute of faith in Christ; he never did believe in him as the rest of the disciples did; see John 6:64, and that mourning which does not arise from looking to Jesus, or is not attended with faith in him, is never genuine.
Source:
http://biblehub.com/commentaries/matthew/27-3.htm