The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 7 z" w- [: N7 Z' |% p+ p f! Y! p4 U J3 a' a
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.6 t; L$ L7 P1 N" d. y7 w% F