In re the Liquidation of New York Title and Mortgage Co.

This is an application, on behalf of the holders of series N-60 mortgage certificates, issued and guaranteed by the New York Title and Mortgage Company, to compel the Superintendent of Insurance, as liquidator of that company, to pay over to the certificate holders certain sums which, it is claimed, are improperly withheld from them.

The N-60 certificates represent participating interests in a consolidated bond and mortgage assigned by the original mortgagee to the New York Title and Mortgage Company. The principal is payable in quarterly installments of $14,500 each until February 1, 1937,…