The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). % {7 p l6 W1 H2 j! ~1 B1 t% b7 Y* f. c% ?6 @$ i, c! `
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.( y. w" z8 m9 s