The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 6 y' s/ W3 I. `# ^7 W: f% v! Q2 m' r; n1 r& R
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. 0 x( L6 s7 s- |& G" q