Most mortgage stocks seem to be showing signs of fatigue. While business is booming, most companies have felt the sting of heavy prepayments, and some have had to take heavy hits to earnings because of the drain on their portofolios of servicing rights.

Fears of continued runoff appear to be inhibiting investors, and most publicly held mortgage banking companies were well below their highs for the year at the end of the first quarter even as originations continued to soar.

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