The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).; r: `& I9 W- F5 q0 D* B
0 ]5 c/ J% X8 R# ~! s- vA 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. 8 c( V* N. M9 B- h; R