The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).3 w1 o/ u3 n ~& i6 V
: P; } |" _9 j2 |. pA 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. : K: Z% }# S7 u4 b: y* @. T