Seeking Alpha

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

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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  • SanDiegoNonSurfer
    , contributor
    Comments (3454) | Send Message
     
    Yipes!
    18 Apr 2012, 03:03 PM Reply Like
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