The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).( \# l2 }% u+ V1 `" l3 r) J
8 D) I1 Q. U4 s, }. |: dA 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." H8 i" x; z3 e2 W