The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 1 v( K! Y/ l2 O7 @! h" M8 F/ K9 X' v! k2 w1 [1 _4 `- O4 {
A government official, who spoke on condition of anonymity, said the government will reduce the maximum amortization period of a mortgage to 25 years from 30 years, and lower the level of home equity that can be borrowed against to 80 percent from 85 percent.9 d0 y- y$ ~# ^: h