In re Mansion House Center South Redevelopment Co.

ARNOLD, Circuit Judge.

Section 517 of the Bankruptcy Act of 1938, codified until 1978 as 11 U.S.C. § 917,1 provides as follows:

*726Nothing contained in this chapter[2] shall be deemed to affect or apply to the creditors of any debtor under a mortgage insured pursuant to the National Housing Act and Acts amendatory thereof and supplementary thereto; nor shall its provisions be deemed to allow extension or impairment of any secured obligation held by Home Owners’ Loan Corporation or by any Federal Home Loan Bank or member thereof.

The appellants, as petitioning debtors, commenced a proceeding for a…