The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).1 a3 o! L: M5 ]. W8 |( u1 ?
* f# R5 Z3 v# }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.7 S% r7 I) e$ A/ g3 d) @8 V1 Y
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