I sold my position. When I can realize a 20% return I take it but face the same problem; where do you redeploy $$. I bought EFC this morning and added to my position in NYMT. As to NLY, they are trying to buy up good companies in the hybrid mREIT market to shore up their agency positions. CIM seems to be doing well buy imho this firm is still unable to restate earnings. The "bad bank" for NLY??