The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).& E* Y) l+ R* e9 W0 h- d/ J
" d8 G$ X+ s" R& u% UA 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. 1 A% R4 P) n7 w2 P/ d+ R5 i! X