The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). . a0 r R7 w- D" q8 o9 P+ C( [9 ^8 Y1 y4 I2 Z+ C! V
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 w* `+ x; D9 O. n3 @6 _