The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).2 P+ @: t* e ^0 t# E6 h
4 [6 z7 W5 {+ n; Y0 W! d4 f7 T2 r vA 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. - i8 B y( x! ?) G4 U: F- f+ A Y, H