The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).. N5 |# K5 g9 d1 U
( |- p2 ]' i. m9 N0 `' [+ C4 o1 M( j" S; wA 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.# c- a% N7 n3 `4 w