The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).2 c7 I/ m1 P4 j' n# z4 F/ A9 V
* K& _9 u( A5 E: }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., D3 H3 u" V7 j6 p( c