Bill Bodnar of The Mortgage Market Guide (MMG) said stocks enjoyed the Janet Yellen rally as she told the Senate to "go big" on the new stimulus plan, while rates remain low. He adds that this news has consequences for you and your clients.

Fannie Mae has named Ryan Zanin, currently a member of the mortgage finance giant’s board of directors, as its executive vice president and chief risk officer.

New U.S. home construction grew at a seasonally adjusted annual rate of 1.67 million units last month, a 5.8% increase over November and the strongest pace in 14 years. So reports the Associated Press.