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IN RE COMMONWEALTH MORTG. CO., INC.

Bankruptcy No. 92-17073-WCH.

145 B.R. 368 (1992)

In re COMMONWEALTH MORTGAGE COMPANY, INC., Debtor.

United States Bankruptcy Court, D. Massachusetts.

August 17, 1992.

Attorney(s) appearing for the Case

A. John Pappalardo, U.S. Atty. and Susan M. Poswistilo, Asst. U.S. Atty., Boston, Mass., for the U.S. on behalf of Government Nat. Mortg. Ass'n.

Charles P. Normandin, Harold J. Marcus and Gregory S. Gilman, Ropes & Gray, Boston, Mass., for debtor in possession.

Scott Harshbarger, Atty. Gen., Barbara B. Anthony, and Ernest L. Sarason, Jr., Asst. Attys. Gen., Boston, Mass., for the Com. of Mass.

Michael J. Pappone, Judith A. Solomon and Winifred L. Swan, Goodwin, Proctor & Hoar, Boston, Mass., for First Nat. Bank of Chicago, Shawmut Bank, First Nat. Bank of Louisville, Sakura Bank, and Bank of America.

Mark N. Berman and Jeffrey M. Snider, Hutchins & Wheeler, Boston, Mass., for official committee of unsecured creditors.

AMENDED DECISION ON EMERGENCY MOTION FOR ORDER DECLARING THAT THE GOVERNMENT NATIONAL MORTGAGE ASSOCIATION IS NOT SUBJECT TO THE AUTOMATIC STAY1

WILLIAM C. HILLMAN, Bankruptcy Judge.

Commonwealth Mortgage Company, Inc. ("Debtor") filed its petition herein on July 13, 1992, and continues to operate its business and assets as debtor in possession.

The United States of America, on behalf of the Government National Mortgage...

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