Lehman May Halt New Loans by U.K. Subprime Units, FT Reports

Lehman Brothers Holdings Inc. may
stop new loans by its two U.K. subprime-mortgage units of measurement of measurement and
impose much tougher footing on borrowers with mediocre credit
histories whose mortgages are approaching the end of fixed-rate
periods, the Financial Times reported, citing , of
mortgage agent .

The units, Southern Pacific Ocean Mortgage and Preferred
Mortgages are two of the larger subprime lenders, the newspaper
said.

Lehman declined to comment, the foot added.

To reach the newsman on this story:
in Greater London on .