WASHINGTON (Reuters) - Senate Democrats on Thursday urged Fannie Mae and Freddie Mac to halt all pending foreclosure proceedings on mortgages they hold for at least 90 days.

In a letter to the mortgage finance companies and their regulator Federal Housing Finance Agency Director James Lockhart, four members of the Senate Banking Committee said the loan modifications could help both homeowners and the companies. The U.S. government took both troubled companies into conservatorship at the weekend.

The senators also asked them to revisit their policies and practices governing modifications involving mortgage backed securities issued by the agencies.

The letter sent by Charles Schumer of New York, Robert Menendez of New Jersey, Sherrod Brown of Ohio and Robert Casey of Pennsylvania.

(Reporting by John Poirier; Editing by James Dalgleish)

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