Fannie Mae and Freddie Mac said Friday that they would suspend the eviction of owner-occupants and renters from properties going into foreclosure for another month, until Feb. 28.

Fannie's policy allows tenants and former owner-occupants with adequate income to stay in homes owned by the government-sponsored enterprise by leasing them on a month-to-month basis after foreclosure. Qualified renters and owner-occupants also may receive financial assistance to move to new housing.

Freddie said it launched a similar policy to suspend evictions.

Still, reaching delinquent borrowers remains a major problem.

Ingrid Beckles, a Freddie senior vice president of default asset management, said in a press release that it has "no conversation" with half of seriously delinquent borrowers whose properties end in foreclosure.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.