GE Capital Services has agreed to buy Housing Loans Insurance Corp. Ltd., Australia's largest mortgage insurer, from the Australian government.

It would be third foreign operation for GE Capital Mortgage Insurance, a subsidiary of GE Capital Services. The Raleigh, N.C., company already owns mortgage insurers in Canada and the United Kingdom.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.