The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).' c0 c% S$ n: T7 K. P
! L3 O8 J- Z) ]$ L0 x" W& qA 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 U7 h. k: d" y2 y2 S6 G/ c6 M9 I, W