The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). , g& P$ i9 ` L+ r3 a# B. I6 m6 O8 P. G4 W- f& a \: C) Y5 c
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. 5 [1 R9 P& _! g5 a