GE Capital (GE) is said to be nearing a deal to shed its remaining A$5B ($5.3B) mortgage...

|By:, SA News Editor

GE Capital (GE) is said to be nearing a deal to shed its remaining A$5B ($5.3B) mortgage portfolio in Australia and New Zealand. The move, which could be announced this week, is consistent with GE's plans to exit some non-core financing areas, and comes amid a softening of the Aussie housing market.