Fidelity Investments, the country's largest mutual fund company, has unloaded nearly half of its stake in North American Mortgage Co. over the past three months amid rising interest rates.

The higher rates appear to have clouded investors' perceptions of North American's growth prospects, even though its loan originations have continued to show gains over weak 1995 volume.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.