Mr. James R. Mountain, also known as Jim, has been the Chief Financial Officer and Treasurer of ARMOUR Residential REIT, Inc. since September 1, 2012. Mr. Mountain has been Secretary of ARMOUR Residential REIT, Inc. since March 5, 2014. He has been the Chief Financial Officer and Treasurer of JAVELIN Mortgage Investment Corp. since September 1, 2012 and serves as its Principal Accounting Officer and has been its Secretary since March 5, 2014. Mr. Mountain was a Partner in Deloitte's national office, where he supervised the review and consultation process relating to securities offerings by banks, thrifts, securities dealers, insurance companies and investment companies. Mr. Mountain is an internationally recognized authority on securitization transactions, having been involved in that market since its inception in the mid-1980's and helping to build Deloitte's securitization practice. As an experienced expert in all facets of complex and structured financial transactions, he was also involved in the early development of Deloitte's global capital markets practice. In these roles, Mr. Mountain has advised his partners and clients on both the buy-side and sell-side of the capital markets, as well as their regulators, regarding the financial reporting, control, valuation, risk management and strategic aspects of cutting-edge financial transactions. He has been a Director of JAVELIN Mortgage Investment Corp. since 2016. He writes, speaks and teaches widely on emerging accounting, financial reporting and finance issues. Mr. Mountain is a Certified Public Accountant and a member of the American Accounting Association, the American Institute of Certified Public Accountants and the American Securitization Forum. He earned Master of Business Administration from the University of California, Berkeley and his Bachelor of Arts degrees in Business Administration, Accounting and Economics from the University of Montana.