The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). e7 |3 `/ I8 P: Z8 ? `, f& |. A6 {$ q" s! n7 t) S
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.- Y: q" P. v, v4 N) o1 _+ Y4 s