The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).& a- b0 e4 F) \2 ^
! e: v/ u$ K8 p1 h; 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. 7 I! X3 v" ?4 \- D! ?6 m& y0 e' k