The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).: c% w3 R2 H8 e9 D# E: A! N
9 V4 ?. g* ^9 XA 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.1 `; H/ B9 X0 L ^/ D# s3 Z* D