The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). x4 J5 c% }1 A8 L! f0 S9 _, b
0 M: D9 q2 W u0 i$ D4 U, k" bA 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.3 `" k- C- W7 [ t1 q