In re a Plan or Proposal by the Mortgage Commission

Two separate proceedings are now before the court for the reorganization of a group of first mortgage participation certificates issued and guaranteed by the New York Title and Mortgage Company and designated as series B-K. The principal amount of the certificates is $13,155,957. The principal amount of the 170 mortgages securing the certificates, including foreclosed mortgages, is $13,223,950, in addition to which there is cash collateral in the sum of $59,310. There are 4,035 certificate holders. The series is one of the largest group series in respect to both principal amount and number of…