The Finance Department says Flaherty is scheduled to hold a news conference on Thursday at 8:15 a.m. (1215 GMT). , c) ~, r Y; D( g+ J: }7 A @3 R3 C8 P1 H3 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.8 j/ |5 z) \- k# z( N9 C