The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).; p. b; a) I6 f0 ]" j* q6 C* v/ B
: T2 @! m, X7 B* w1 kA 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 q1 z" ~) O" ~0 }$ t