The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).; m# q& w' M9 x Z& }! j
' M# H% A; L5 }3 sA 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.2 J" R9 ~# p( Q% X+ e9 P/ v1 m1 w