The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 2 k7 p F9 Z8 ?8 [) a, L9 Z9 U7 |0 B- b
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.- H( X! Y2 t( }/ W( j' a4 ^7 k2 a6 @; G