Property values are rising in many parts of the country, and prime home-shopping season is approaching. Some buyers are rushing to get mortgages before the Federal Reserve raises interest rates, which could happen in the coming months.
Genworth Mortgage Insurance Australia Ltd said Westpac Banking Corp, the country's second-biggest lender, has cancelled a sales agreement after a review of its riskier loans, a move that will hit the insurer's 2016 earnings. The Australian affiliate of United States Genworth Financial Inc said on Tuesday Westpac gave the company 90 days' notice that it was ending the sales accord. The …
In the post-recession business world, how do you become the highest-rated, fastest-growing stand-alone mortgage insurance provider in the country? By challenging conventional wisdom.