Mortgage inquiries dip (Stuff)
Wary first-home buyers have recoiled from a cooling housing market, while economic pressures have boosted loan defaults by members of Generation Y.

BMO Financial Group Reports First Quarter Results (CNW Group via Yahoo! Finance)
BMO Financial Group reported solid first quarter results in personal and commercial banking and wealth management while overall performance reflected the difficult capital markets environment.

Eight Ways To Be A Better Borrower (The Motley Fool)
We cover nasty credit-card tricks, debt consolidation and credit limits, amongst other things. Five other things, to be exact.

Step by step Rebuilding after declaring bankruptcy (Tacoma News Tribune)
DALLAS – There is life after bankruptcy, even though your credit is shot.

Scotiabank reports first quarter earnings of $835 million (PR Newswire via Yahoo! Finance)
Scotiabank recorded first quarter net income of $835 million, down $185 million or 18% from the same period last year. Diluted earnings per share were $0.82 compared to $1.01 in the same period a year earlier, down 19%.

Pengrowth Announces Unaudited Financial and Operating Results for Year Ended December 31, 2007 (Marketwire via Yahoo! Finance)
Pengrowth Corporation, administrator of Pengrowth Energy Trust, is pleased to report operating and financial results for the fourth quarter and year ended December 31, 2007.

Rebuilding credit takes time (The Myrtle Beach Sun News)
1/83/8 DALLAS | There is life after bankruptcy, even though your credit is shot. In fact, many creditors view you as a prime customer after bankruptcy because you're getting a fresh financial start.

Story Comments (Business Standard India)
May close branches, bank relocates ATMs. The sub-prime loss-hit Citigroup is on a cost-cutting exercise in its Indian operations. CitiFinancial, its consumer finance unit, which is also reeling under the burden of rising bad loans, is considering closing about 100 of its 450 branches in India.

Changing of the guard (Mortgage Introducer)
2008 was always going to be an interesting year for advisers and brokers. The credit crunch has continued to affect us all, the Northern Rock debacle rumbles on, and the mainstream mortgage lenders have followed their non-conforming cousins and tightened criteria considerably.

Solutia Emerges From Chapter 11 (AP via Yahoo! Finance)
Chemical company Solutia Inc. emerged from Chapter 11 bankruptcy protection Thursday after a four-year restructuring that helped the company shed costly environmental liabilities.