The United Kingdom foreclosure system is unique and true foreclosures are quite uncommon. Mass unemployment, mortgage foreclosures, the deficit, and bank failures haunted Murray's administration. Many farmers went into debt and lost their lands to merchants through mortgage foreclosures. This include collections, charge offs, repossession, foreclosures, bankruptcies, liens and judgments. This represented about 39% of all federally insured reverse mortgage foreclosures during that time. The surviving lenders were faced with mounting losses from foreclosures. McLaughlin hired O'Malley to administer mortgage foreclosures against failing businesses for the Trust Company. In the third quarter of 2009, there were 278,189 delinquent loans, 80,327 foreclosures. It wants to require that banks work with homeowners to stop foreclosures. Twenty percent of the foreclosures nationwide were from rental properties. The resulting foreclosures increased supply, dropping housing prices further. Recent housing studies indicate that minority households disproportionately experience foreclosures. The conference has been active in fighting foreclosures and predatory lending. They created an extralegal court and discouraged lawsuits for debt collection and foreclosures. Today, most cities have lots of vacant land due to urban sprawl and home foreclosures.