The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).1 q3 |) d. e1 w- A6 d5 [8 ~
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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. ' P+ G0 E' D, i$ {: D0 I! `7 {5 |% F