The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 3 H: G, S. U0 H/ p4 ^. f* @; |1 T: s- ]/ h
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.+ O7 u2 }- q7 N5 P x2 Y% G! o