The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).! s1 p" w$ R, n
$ S0 p# M/ T4 L/ ~) L( O
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.9 G* Y" s/ v6 |4 }2 r: S: c