The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). H& v6 U# o/ E: b& ~1 J0 y" p- _3 V. }
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. . n; G$ I+ Y" H& ~4 n0 k% r* l) w