The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 5 k1 w* a* v c3 s* m2 n; n& `/ p6 d
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. 3 u- r3 @ ]; S( X5 H' _4 \+ w0 L' D