In re the Rehabilitation of Lawyers Mortgage Co.

This motion by a committee of creditors of the Lawyers Mortgage Company to stay the Mortgage Commission from taking over the servicing of certificated mortgage issues guaranteed by that company has been withdrawn. The withdrawal of the motion appears to have been based upon the committee’s recognition that the take-over was accomplished as far back as May, 1935, and that there is no legal basis for granting the relief sought, especially in view of the fact that the Mortgage Commission Act (Laws of 1935, chap. 19) expressly authorizes the Commission’s action. It is unfortunate, however, that…