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Might Genworth's (GNW -21%) delay of its Australian mortgage insurance business IPO be ringing a...

  • Wednesday, April 18, 2012, 3:01 PM ET
    Might Genworth's (GNW -21%) delay of its Australian mortgage insurance business IPO be ringing a bell for the Oz property market? The company cites deteriorating market conditions in the Aussie mortgage market "as lenders accelerated the processing of late-stage delinquencies ... at a higher rate and severity than expected." Westpac WBK -1%.
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  •  
    Yipes!
    18 Apr 2012, 03:03 PM Reply Like
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