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

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

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%.