The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). / R" |9 h) a; g. ~" C% d; h- f4 f$ ~5 c2 ^5 U% q6 q1 w' a$ D
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.9 b$ M6 M2 {1 l. d/ O