The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).- n, |/ d8 w+ _ V* I
6 q- U' h5 F* z* U7 l @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 s4 K& p5 |* p( F0 \7 T
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