The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 8 C3 T# @0 s% F2 k1 `; x) B7 o; I" I; j0 R/ W' F- }
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./ a* |) H y9 s) O