Improving Latest Activity Functionality

It would be nice if the latest activity filters took into account the Community Spaces that we have marked as a Favorite. I don't really care about unanswered questions or recent activity in other communities and as currently implemented there are many posts that just get in my way and are a distraction.

To take this a step further, it would be good if each Community and/or Space had something similar to the Latest Activity filters on the home page