The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).: u) `0 \1 y# C. U6 ^3 P9 O, m
8 x, ^/ \1 W( R8 n
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. ! G; m5 e% S" e