In the Florida courtroom of Chief Judge Victor Tobin, there’s been a marked change the past month in the pace of foreclosures that mortgage companies ask him to approve. Tobin had been handling up to 200 cases a day in which delinquent borrowers weren’t contesting mortgage servicers’ motions seeking court approval to repossess their homes. Now, it’s about 50 a day. That’s not the only difference the state judge has noticed in the wake of revelations since September that some mortgage servicers did not follow legal procedures in tens of thousands of foreclosures. In contested cases now, servicers are filing new affidavits stating that they or their lawyers have reviewed supporting documents — language missing in prior affidavits, says Tobin, chief judge of the Broward County Circuit Court.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
Most Popular Articles
Michigan’s Whitmer steps up, signs single-stair reform into law
Gov. Gretchen Whitmer took a big step toward clearing the path for developers to build smaller apartment buildings more affordably. Whitmer signed Michigan’s single-stair legislation into law this week, a green light for developers to build multifamily housing up to six stories more economically, with a single interior exit stairway. Michigan housing advocates say the […]
Jul 22, 2026
-
New York outflows reshape housing demand in Texas and Florida
Jul 24, 2026 -
Don’t fall for a fake foreclosure crisis
Jul 24, 2026 -
Home sales are positive but higher rates slowing demand
Jul 25, 2026 -
Why homebuilders aren’t building more homes
Jul 24, 2026 -
Mortgage servicers face higher costs from transfers and regulation
Jul 27, 2026
Latest Articles
The Fed hawks are winning even without a rate hike
Ahead of the Fed meeting, yields rose, with the 10-year at 4.60% and oil back below $79, keeping hike odds uncertain.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio