The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT).. ^7 y: u& e# I" O2 B
4 u8 O6 d& c) m3 c2 l9 \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.# k% o- t0 }1 U: F v, ?+ W