The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). 5 @5 \" w4 \0 g M7 q* z9 K( v5 n0 i4 s1 x1 [, H! g
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.( o) Z4 Z3 s* O4 G