Not a large one. He should still get the boot. But a report today at Banking Day shows why some backtracking may be in order:
Around 100,000 Australian home borrowers could be hit with rate increases on owner occupier mortgages after up to A$70 billion worth of home loans were reclassified as investment borrowings by the banking regulator.
Details of the potential mortgage time bomb were confirmed to Banking Day yesterday by major banks.
There are 670 words left in this subscriber-only article.