The past week also saw the release of the Third Estimate for 2nd quarter GDP from the BEA and, unlike many other such revised estimates we've seen, there was little change this time.  The headlines read that

The key monthly release of the past week was on Personal Income and Outlays for August from the BEA, which gives us the first look at personal consumption expenditures for the month, which as we know has been the critical component of GDP during the recovery.  This report also includes data on personal income and disposable income after taxes, total personal savings and the national savings rate, as well as the price index for PCE, which

The report we want to look at this week is the July Mortgage Monitor from LPS (Lender Processing Services) (pdf), as you may recall that last month we saw an unusual 18.3% spike in new delinquent home mortgages from the LPS June report.  This month a portion of those homeowners caught up on their house payments, but both new and ongoi

In contrast to new home sales, which plunged in July, the National Association of Realtors (NAR) reported that existing home sales "spiked" in July, increasing at a seasonally adjusted 6.5% rate to an annual sales rate of 5.39 million homes, up from a 5.06 million pace in June, which was