Foreclosure Pipelines Still Over 4 Years as Average Time In Foreclosure Rises to Record 1024 Days

According to the Mortgage Monitor for October (pdf) from Black Knight Financial Services (BKFS, formerly LPS Data & Analytics), there were 857,824 home mortgages, or 1.69% of all mortgages outstanding, remaining in the foreclosure process at the end of October, which was down from 892,796, or 1.76% of all active loans that were in foreclosure at the end of September, and down from 2.54% of all mortgages that were in foreclosure in October of last year. 

Personal Income and Spending Both Rose 0.2% in October as PCE Prices Remained Subdued

One of the more consequential economic releases we get monthly from the Bureau of Economic Analysis is on Personal Income and Outlays, which in addition to the important personal income data, also reports the monthly data on our personal consumption expenditures (PCE), which as we saw is the major component of GDP..  From that data, the BEA also computes personal savings and the national savings rate, as well as a