The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).- {, e& F6 B$ `6 ?% [% q e
# C1 o! M, m3 B7 Q* i& e' k8 u
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.% u a+ `! N3 B6 P& [: M$ c