The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 2 @! U! L3 ? [8 f' B0 p. g ~( J$ i# ]" Z( C/ }6 X
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. , [; \( \! ?# d# N/ I