actually, CIM, not only does mortgages margin differences for its profits, it also, I believe services some corporation margins for a better profit. If it lost money in this area, I would not know. Could be that the "due" date is into next quarter. Also, NLY holds some huge quantity of CIM stock which contributes to the NLY dividend.
Great management from NLY for CIM is a winner for NLY becoming a large independent broker ending the government's role for paper security like Fanney and Fredie Mae.
I think you will find both NLY and CIM as exceptional, well managed, generally stable, for a 12-16% yield---clearly in this environment of zero interest government rates. As the Libor rate drops, both CIM and NLY make even more money. The Libor rate issued in the past by European banks however is under investigation--not sure what it is about...probably connected with NSP national agenda items need to know stuff!