UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2014

Apollo Residential Mortgage, Inc.

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (212) 515-3200

n/a

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

On August 5, 2014, Apollo Residential Mortgage, Inc. (the “Company”) issued an earnings release announcing its financial results for the quarter ended June 30, 2014. A copy of the earnings release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

On August 5, 2014, the Company posted supplemental financial information on the Investor Relations section of its website (www.apolloresidentialmortgage.com). A copy of the supplemental financial information is furnished as Exhibit 99.2 hereto and incorporated herein by reference.

The information in this Current Report, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, unless it is specifically incorporated by reference therein.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 5, 2014

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Exhibit Index

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Exhibit 99.1

APOLLO RESIDENTIAL MORTGAGE, INC. REPORTS

SECOND QUARTER 2014 FINANCIAL RESULTS

New York, NY, August 5, 2014 - Apollo Residential Mortgage, Inc. (the “Company”) (NYSE: AMTG) today reported financial results for the quarter ended June 30, 2014.

Second Quarter 2014 Financial Highlights

Second Quarter 2014 Other Highlights

“AMTG had another solid quarter of financial and operating performance, which resulted in a 4.6% increase in the Company’s book value per share of common stock and a 5.0% increase in the Company’s dividend per share of common stock,” said Michael Commaroto, Chief Executive Officer of the Company. “AMTG’s RMBS portfolio performed well in a relatively stable mortgage market. Consistent with our constructive stance on the housing market, non-Agency RMBS, securitized mortgage loans and other credit investments accounted for 54% of AMTG’s portfolio equity allocation at quarter end. As we expand our investment platform, we continue to explore new credit initiatives to complement our existing strategy of investing in Agency and non-Agency RMBS.”

Portfolio Summary (Table 1)

The following table sets forth additional detail regarding the Company’s investments as of June 30, 2014:

As of June 30, 2014, the average cost basis of the Company’s Agency RMBS pass-through portfolio was 107.2% of par value and the average cost basis of the Company’s non-Agency RMBS portfolio was 81.0% of par value.

The Agency RMBS pass-through portfolio experienced prepayments at an average one month constant prepayment rate (“CPR”) for the quarter ended June 30, 2014 of 6.6%. Including Agency IOs and Agency Inverse IOs, the Agency RMBS portfolio experienced prepayments at an average one month CPR of 6.7% for the quarter ended June 30, 2014.

Portfolio Financing

At June 30, 2014, the Company had master repurchase agreements with 24 counterparties and had outstanding repurchase borrowings with 17 counterparties totaling approximately $3.0 billion.

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(Table 2)

The following table sets forth the Company’s borrowings at June 30, 2014:

(Table 3)

The Company’s derivative instruments consisted of the following at June 30, 2014:

(Table 4)

The following table summarizes the average fixed-pay rate and average maturity for the Company’s Swaps at June 30, 2014:

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(Table 5)

At June 30, 2014, the Company’s Swaptions had an aggregate notional amount of $1.3 billion. The following table presents information about the Company’s Swaptions at June 30, 2014:

Estimated Taxable Income

Estimated taxable income for the quarter ended June 30, 2014 was $0.42 per share of common stock, or $0.10 lower than the Company’s operating earnings per share of common stock. This difference primarily reflects estimated tax to GAAP timing differences associated with: (i) discount accretion on certain non-Agency RMBS and (ii) premium amortization on certain Agency RMBS.

Book Value

The Company’s book value per share of common stock at June 30, 2014 was $19.49 as compared to book value per share of common stock of $18.64 at March 31, 2014.

Teleconference and Website Presentation Details:

The Company will be hosting a conference call to discuss its financial results on Wednesday, August 6, 2014 at 10:00 a.m. Eastern Time. Members of the public who are interested in participating in the Company’s second quarter 2014 earnings teleconference call should dial from the U.S., (877) 331-6553, or from outside the U.S., (760) 666-3769, shortly before 10:00 a.m. and reference the Apollo Residential Mortgage, Inc. Teleconference Call (number 71514326). Please note the teleconference call will be available for replay beginning at 1:00 p.m. on Wednesday, August 6, 2014, and ending at midnight on Wednesday, August 13, 2014. To access the replay, callers from the U.S. should dial (855) 859-2056 and callers from outside the U.S. should dial (404) 537-3406, and enter conference identification number 71514326.

Webcast:

The conference call will also be available on the Company’s website at www.apolloresidentialmortgage.com. To listen to a live broadcast, please go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 30 days on the Company’s website.

Supplemental Information

The Company provides a supplemental information package to offer more transparency into its financial results and make its reporting more informative and easier to follow. The supplemental package is available in the investor relations section of the Company’s website at www.apolloresidentialmortgage.com.

About Apollo Residential Mortgage, Inc.

Apollo Residential Mortgage, Inc. is a real estate investment trust that invests in and manages residential mortgage-backed securities and other residential mortgage assets throughout the United States. The Company is externally managed and advised by ARM Manager, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC (NYSE:APO), a leading global alternative investment manager with approximately $159.3 billion of assets under management at March 31, 2014.

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Additional information can be found on the Company’s website at www.apolloresidentialmortgage.com.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives, including information about the ability of the Company to generate attractive returns while attempting to mitigate risk. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and other reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Apollo Residential Mortgage, Inc. and Subsidiaries

Consolidated Balance Sheets

(in thousands—except share and per share data)

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Apollo Residential Mortgage, Inc. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(in thousands – except per share data)

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Reconciliations of Non-GAAP Financial Measures

Included in this press release are disclosures about the Company’s “operating earnings,” “operating earnings per share of common stock,” “effective cost of funds,” “effective interest expense,” “effective levered asset yield” and “effective net interest rate spread” which measures constitute non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. The Company believes that the non-GAAP financial measures presented, when considered together with GAAP financial measures, provide information that is useful to investors in understanding the Company’s operating results. An analysis of any non-GAAP financial measures should be made in conjunction with results presented in accordance with GAAP.

Operating earnings and operating earnings per share of common stock presented exclude, as applicable: (i) certain realized and unrealized gains and losses recognized through earnings; (ii) non-cash equity compensation; (iii) one-time events pursuant to changes in GAAP; and (iv) certain other non-cash charges. Operating earnings is a non-GAAP financial measure that is used by the Manager to assess the Company’s business results.

While the Company has not elected hedge accounting under GAAP for its Swaps, such derivative instruments are viewed by the Company as an economic hedge against increases in future market interest rates. To present for investors how the Company views its Swaps, the Company provides the “effective cost of funds” which is comprised of GAAP interest expense plus the interest expense component for Swaps. The interest expense component of the Company’s Swaps reflects the net interest payments made or accrued on its Swaps. The Company believes that the presentation of effective cost of funds is useful for investors as it presents the Company’s borrowing costs as viewed by management.

The Company believes that the non-GAAP measures presented provide investors and other readers of this press release with meaningful information to assess the performance of the Company’s ongoing business and believes it is useful supplemental information for both management and investors in evaluating the Company’s financial results. The primary limitation associated with operating earnings as a measure of the Company’s financial performance over any period is that such measure excludes, except for the net interest component of Swaps, the effects of net realized and unrealized gains and losses from investments and realized and unrealized gains and losses from derivative instruments. In addition, the Company’s presentation of operating earnings may not be comparable to similarly-titled measures of other companies, who may use different definitions or calculations for such term. As a result, operating earnings should not be considered as a substitute for GAAP net income as a measure of the Company’s financial performance or the Company’s liquidity under GAAP.

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A reconciliation of the GAAP items discussed above to their non-GAAP measures for the three and six month periods ended June 30, 2014 and the three and six month periods ended June 30, 2013, are presented in the tables below.

(Table 6)

The following table reconciles net income allocable to common stockholders with operating earnings for the three months ended June 30, 2014 and June 30, 2013, respectively:

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(Table 7)

The following table reconciles net income allocable to common stockholders with operating earnings for the six months ended June 30, 2014 and June 30, 2013, respectively:

(Table 8)

The following table reconciles the effective cost of funds with interest expense for the three months ended June 30, 2014:

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August 6, 2014 Q2 2014 Information is as of June 30, 2014 except as otherwise noted.  It should not be assumed that investments made in the future will be profitable or will equal the performance of investments in this document. Exhibit 99.2 Supplemental Financial Information Presentation

2 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Apollo Residential Mortgage, Inc. Second Quarter 2014 Earnings Call August 6, 2014 Michael A. Commaroto Chief Executive Officer Teresa D. Covello Chief Financial Officer Keith Rosenbloom Agency Portfolio Manager Paul Mangione Non-Agency Portfolio Manager Hilary Ginsberg Investor Relations Manager

3 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) We make forward-looking statements in this presentation and other filings we make with the Securities and Exchange Commission (“SEC”) within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond our control. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives, including information about our ability to generate attractive returns while attempting to mitigate risk. When used in this presentation, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Forward-looking statements are not predictions of future events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. Some of these factors are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and other filings with the SEC. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation may contain statistics and other data that in some cases has been obtained from or compiled from information made available by third-party service providers. Forward Looking Statements

4 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Second Quarter 2014 Summary Highlights Reported Operating Earnings of $16.5 million, or $0.52 per share of common stock for the second quarter of 2014 (1) RMBS portfolio at June 30, 2014 consisted of Agency RMBS with an estimated fair value of $2.2 billion and non- Agency RMBS with an estimated fair value of $1.4 billion RMBS, securitized mortgage loans and other credit investment portfolio had a 2.6% effective net interest spread and a 14.1% effective levered asset yield at June 30, 2014 (2) Quarter-end leverage multiple of 3.8x at June 30, 2014 Estimated taxable income of $0.42 per share of common stock Declared a $0.42 per share of common stock quarterly dividend for stockholders of record as of June 30, 2014 Book value per share of common stock of $19.49 at June 30, 2014, a 4.6% increase over March 31, 2014 book value per share of common stock of $18.64 $13.5 million outstanding on warehouse facility to fund the acquisition and rehabilitation of 220 homes through the bond-for-title program (1) Operating Earnings and Operating Earnings per share of common stock are non-GAAP financial measures.  Operating Earnings and Operating Earnings per share of common stock presented exclude, as applicable: (i) certain realized and unrealized gains and losses recognized through earnings; (ii) non-cash equity compensation; (iii) one time events pursuant to changes in GAAP; and (iv) certain other non-cash charges. Please see page 17 for a reconciliation of Operating Earnings and Operating Earnings per common share to GAAP net income allocable to common stockholders  and GAAP net income allocable to common stockholders per share of common stock. Operating Earnings represents the earnings, as adjusted, allocable to common stock. (2) Effective net interest spread and effective levered asset yield are non-GAAP financial measures, which include the cost of the Company’s Swaps as a component of its interest expense.  Please see page 8.

5 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) ($ amounts in thousands except per share data) June 30, 2014 March 31, 2014 June 30, 2014 June 30, 2013 Interest Income $38,141 $38,180 $41,329 $76,321 $79,576 Interest Expense (7,510) (7,268) (7,237) (14,778) (13,454) Net Interest Income $30,631 $30,912 $34,092 $61,543 $66,122 Operating Earnings (1) $16,521 $17,116 $18,900 $33,593 $37,991 Weighted Average Common Shares Outstanding - Basic 32,020 32,015 31,995 32,018 28,858 Operating Earnings per Common Share (1) $0.52 $0.53 $0.59 $1.05 $1.32 Leverage Multiple (Debt / Equity) 3.8x 3.8x 3.9x 3.8x 3.9x Annualized Return on Average Assets (2) 2.3% 2.3% 1.8% 2.3% 2.0% Annualized Return on Average Equity (3) 10.2% 10.6% 10.4% 10.5% 11.2% Three Months Ended Six Months Ended Financial Summary (1) Operating Earnings and Operating Earnings per share of common stock are non-GAAP financial measures.  Operating Earnings and Operating Earnings per share of common stock presented exclude, as applicable: (i) certain realized and unrealized gains and losses recognized through earnings; (ii) non-cash equity compensation; (iii) one-time events pursuant to changes in GAAP; and (iv) certain other non-cash charges. Please see page 17 for a reconciliation of Operating Earnings and Operating Earnings per share of common stock to GAAP net income allocable to common stockholders and GAAP net income allocable to common stockholders per share. Operating Earnings represents the earnings, as adjusted, allocable to common stock. (2) Annualized Return on Average Assets is calculated as annualized Operating Earning plus preferred dividend requirement for the period, as a percentage of average interest earning assets, excluding cash. (3) Annualized Return on Average Equity is calculated as annualized Operating Earnings plus preferred dividend requirement for the period, as a percentage of average equity over the period. June 30, 2013

6 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Operating Earnings per Share of Common Stock (1) Book Value per Share of Common Stock Dividends per Share of Common Stock (1) Operating Earnings and Operating Earnings per share of common stock are non-GAAP financial measures.  Operating Earnings and Operating Earnings per share of common stock presented exclude, as applicable: (i) certain realized and unrealized gains and losses recognized through earnings; (ii) non-cash equity compensation; (iii) one-time events pursuant to changes in GAAP; and (iv) certain other non-cash charges. Please see page 17 for a reconciliation of Operating Earnings and Operating Earnings per common share to GAAP net income allocable to common stockholders and GAAP net income allocable to common stockholders per share of common stock. Operating Earnings represents the earnings, as adjusted, allocable to common stock. $0.59 $0.36 $0.61 $0.53 $0.52 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 $0.70 $0.40 $0.40 $0.40 $0.42 $0.00 $0.15 $0.30 $0.45 $0.60 $0.75 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 $18.63 $18.50 $18.26 $18.64 $19.49 $0.00 $4.00 $8.00 $12.00 $16.00 $20.00 $24.00 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Financial Summary APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”)

7 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Book Value Roll-Forward Book Value - March 31, 2014 (unaudited) 18.64 $    Common stock dividend declared (0.42)        Operating Earnings, net of preferred dividend 0.52       Non-Operating Items Impacting Net Income:   Unrealized gain on Agency RMBS, net 1.46         Unrealized gain on non-Agency RMBS, net 0.15         Unrealized gain on securitized mortgage loans, net 0.06         Unrealized loss on derivatives, net (0.45)        Realized loss on sales of Agency RMBS, net (0.23)        Realized gain on sales of non-Agency RMBS, net 0.01         Realized loss on expirations of Swaptions (0.24)        Other, net (0.01)      Book Value - June 30, 2014 (unaudited) 19.49 $

8 Portfolio Summary and Net Interest Spread Allocation of Portfolio Equity at June 30, 2014 (1) Effective Net Interest Spread at June 30, 2014 (2) Allocation of Portfolio Equity at March 31, 2014 (1) Effective Net Interest Spread at March 31, 2014 (2) Agency    RMBS Non-Agency RMBS and Other Credit Investments Securitized Mortgage Loans Weighted Average Asset Yield 3.1% 6.9% 7.9% 4.5% Interest Expense 0.4% 2.1% 3.2% 1.0% Cost of Swaps 1.1% - 1.9% 0.7% Effective Net Interest Spread 1.6% 4.8% 2.8% 2.8% Debt / Equity (3) 6.2x 2.7x 1.6x 3.8x Effective Levered Asset Yield (2) 13.1% 19.9% 12.4% 15.1% Agency    RMBS Non-Agency RMBS and Other Credit Investments Securitized Mortgage Loans Weighted Average Asset Yield 2.9% 6.1% 7.8% 4.3% Interest Expense 0.3% 2.0% 3.1% 1.0% Cost of Swaps 1.0% - 1.9% 0.7% Effective Net Interest Spread 1.6% 4.1% 2.8% 2.6% Debt / Equity (3) 6.4x 2.7x 1.5x 3.8x Effective Levered Asset Yield (2) 12.9% 17.3% 12.2% 14.1% Securitized Mortgage Loans 5% Agency RMBS 38% Cash and Other, net 8% Non-Agency RMBS and Other Credit Investments 49% Securitized Mortgage Loans 6% Agency RMBS 39% Cash and Other, net 9% Non-Agency RMBS and Other Credit Investments 46% APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Percentages reflect amount of equity allocated to Agency RMBS, non-Agency RMBS and other credit investments and securitized mortgage loans, net of associated assets and liabilities, including the fair value of interest rate derivatives. Cash and other net, represents  cash and other assets and liabilities not specifically allocable to Agency RMBS, non-Agency RMBS and other credit investments or securitized mortgage loans. Effective net interest spread and effective levered asset yield are non-GAAP financial measures, which include the cost of the Company’s Swaps as a component of its interest expense, as presented.  Debt/Equity multiples for each asset class are adjusted to reflect cash held to meet margin calls and certain other assets and liabilities specifically allocable to Agency RMBS, non-Agency RMBS  and other credit investments or securitized mortgage loans. (1) (2) (3)

9 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Agency RMBS Portfolio at June 30, 2014 Agency Portfolio Overview Constant Prepayment Rates (1) Other includes Interest Only and Inverse Interest Only Securities. Loan Balance 15 Year Pass-Throughs 2% Loan Balance 30 Year Pass-Throughs 54% Low Credit 30 Year Pass-Throughs 16% Other(1) 3% HARP / MHA  / High LTV 30 Year Pass-Throughs 25% 3.7% 5.2% 5.8% 7.0% 7.1% 6.7% 4.9% 4.9% 6.7% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Total Agency Portfolio average one month CPR ($ in thousands) Estimated Fair Value Q2 2014 CPR Agency Pass-Throughs 2,100,874 $                 6.6 % Agency IOs and Agency  IIOs 67,529 8.5 Total 2,168,403 $               6.7 %

10 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Agency RMBS Portfolio at June 30, 2014 Agency RMBS Portfolio Composition Summary (1) Amortized cost is reduced by unrealized losses that are classified as other-than-temporary impairments.  (2) Estimated weighted average yield at the date presented incorporates prepayment assumptions on Agency RMBS. (3) Agency IOs and Agency IIOs have no principal balance and bear interest on a notional balance.  The notional balance is used solely to determine interest distributions on interest-only classes of securities.  At June 30, 2014, Agency IOs had a notional balance of $401,322 and Agency Inverse IOs had a notional balance of $123,339. ($ in thousands) Principal Balance Unamortized Premium Amortized Cost (1) Estimated Fair Value Weighted Average Coupon Estimated Weighted Average Yield (2) 30-Year Mortgages Fixed-rate coupons: 3.5% 88,735 5,167 93,902 91,263 3.50 % 2.58 % 4.0% 1,295,054 95,147 1,390,201 1,372,490 4.00 % 2.83 % 4.5% 537,388 40,294 577,682 584,812 4.50 % 2.96 % 1,921,177 140,608 2,061,785 2,048,565 4.12 % 2.86 % 15-Year Mortgages 3.0% Coupons 50,435 1,352 51,787 52,309 3.00 % 2.48 % Agency IOs (3) - - 39,144 42,368 3.96 % 0.67 % Agency IIOs (3) - - 25,070 25,161 6.06 % 13.52 % Total Agency RMBS 1,971,612 $               141,960 $   2,177,786 $         2,168,403 $       4.17 % 2.93 %

11 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Non-Agency RMBS Portfolio Overview Non-Agency RMBS Portfolio at June 30, 2014 Non-Agency RMBS Portfolio Vintage Non-Agency RMBS Cash-Flow Profile Subprime 79% Pay-option ARM 10% Alt-A 11% 1998-2002 5% 2003 7% 2004 31% 2005 30% 2006 17% 2007 9% 2014 1% Current-Pay 60% Locked-Out 40%

12 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Non-Agency RMBS Portfolio at June 30, 2014 (1) Credit enhancement is expressed as a percentage of all outstanding mortgage loan collateral. The Company's non-Agency RMBS may incur losses if credit enhancement is reduced to zero. (2)  CRR stands for conditional repayment rate.  Information is based on loans for individual groups owned by the Company.  Amounts presented reflect the weighted average monthly performance for the three months ended June 30, 2014.  June 30, 2014 Portfolio Characteristics Estimated Fair Value ($ in thousands) $1,413,194 Amortized Cost to Par Value 81.0% Net Weighted Average Security Coupon 1.2% Collateral Attributes Weighted Average Loan Age (months) 113 Weighted Average Original Loan-to-Value 79.8% Weighted Average Original FICO Credit Score 638 Current Performance 60+ Day Delinquencies 29.5% Average Credit Enhancement (1) 33.3% 3 Month CRR (2) 4.2%

13 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Financing and Derivative Instruments Overview (1) Includes $28,569 of repurchase borrowings collateralized by non-Agency RMBS of $48,638 that were eliminated from the Company’s consolidated balance sheet in consolidation with the variable interest entity associated with our securitization transaction. (2) Securitized debt, which represents non-recourse senior securities sold to third parties in connection with a securitization transaction, has a final contractual maturity of May 2047.  Weighted average remaining maturity represents the underwritten final maturity of the security based on the projected final repayment of principal.  The actual maturity of the securitized debt may differ significantly given that actual interest collections, mortgage prepayments and/or losses on liquidation of mortgages may differ significantly from those expected. ($ in thousands) Balance Weighted Average Borrowing Rate Weighted Average Remaining Maturity Repurchase agreement borrowings: Agency RMBS 1,905,783 $          0.35% 22 days Non-Agency RMBS (1) 1,075,603 1.99% 174 days Other investment securities 10,603 1.83% 24 days Total repurchase agreements 2,991,989 $          0.94% 77 days Securitized debt 37,348 $                4.00% 55 months (2) Total Borrowings 3,029,337 $       0.98% ($ in thousands)           Notional Amount Estimated Fair Value Swaps - assets 957,000 $                  18,087 $                      Swaptions - assets 1,335,000 2,855 Swaps - (liabilities) 730,000 (8,729) Total Derivative Instruments 3,022,000 $           12,213 $                    ($ in thousands) Weighted Average Months Until Fixed Pay Rate for Option Notional Swap Terms Underlying Swap Fair Value Expiration Amount (Years) 2.50 - 3.00% 879 $                     11 160,000 $       5 3.50 - 4.00% 1,976 6 1,075,000 10 4.00 - 4.50% - 2 100,000 10 2,855 $                6 1,335,000 $  9.4 Option Underlying Swap Swaps Overview at June 30, 2014 Swaptions Overview at June 30, 2014 Derivative Instruments at June 30, 2014 Borrowings at June 30, 2014 ($ in thousands) Term to Maturity Notional Amount Average Fixed Pay Rate Average Maturity (Years) Greater than 1 year up to 3 years 580,000 $              1.20% 2.7 Greater than 3 years up to 5 years 529,000 0.90% 3.4 Greater than 5 years 578,000 2.13% 8.4 Total 1,687,000 $       1.43% 4.9

14 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Financials

15 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Balance Sheet (in thousands—except share and per share data) June 30, 2014 December 31, 2013 Assets: (unaudited) Cash 98,014 $                  127,959 $                 Restricted cash 45,092 67,458 RMBS, at fair value (of which $3,379,235 and $3,317,060 were pledged as collateral, respectively) 3,581,597 3,503,326 Securitized mortgage loans (transferred to a consolidated VIE), at fair value 109,712 110,984 11,846 11,515 Warehouse line receivable 13,462 - Investment related receivable (of which $0 and $21,959 were pledged as collateral, respectively) 3,136 24,887 Interest receivable 10,087 10,396 Deferred financing costs, net 817 882 Derivative instruments, at fair value 20,942 53,315 Other assets 705 854 Total Assets 3,895,410 $              3,911,576 $              Liabilities and Stockholders' Equity Liabilities: Borrowings under repurchase agreements 2,991,989 $              3,034,058 $              Non-recourse securitized debt, at fair value 38,656 43,354 Investment related payable 13,299 - Obligation to return cash held as collateral 11,426 38,654 Accrued interest payable 11,077 8,708 Derivative instruments, at fair value 8,729 4,610 Payable to related party 5,218 5,444 Dividends payable 16,912 16,812 Accounts payable and accrued expenses 1,069 2,335 Total Liabilities 3,098,375 $              3,153,975 $              Stockholders' Equity: Preferred stock, $0.01 par value, 50,000,000 shares authorized, 6,900,000 shares issued and outstanding ($172,500 aggregate liquidation preference) 69 $                        69 $                        Common stock, $0.01 par value, 450,000,000 shares authorized, 32,051,303 and 32,038,970 shares 320 320 Additional paid-in-capital 792,877 792,010 Retained earnings/(accumulated deficit) 3,769 (34,798) Total Stockholders' Equity 797,035 $                 757,601 $                 Total Liabilities and Stockholders' Equity 3,895,410 $              3,911,576 $              issued and outstanding, respectively Other investment securities, at fair value (of which $11,846 and $11,515 were pledged as collateral, respectively)

16 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Income Statement (in thousands—except per share data) 2014 2013 2014 2013 Interest Income: RMBS 35,991 $              39,032 $         71,816 $                75,946 $                Securitized mortgage loans 1,927 2,297 4,173 3,630 Other 223 - 332 - Total Interest Income 38,141 41,329 76,321 79,576 Interest Expense: Repurchase agreements (7,078) (6,729) (13,904) (12,636) Securitized debt (432) (508) (874) (818) Total Interest Expense (7,510) (7,237) (14,778) (13,454) Net Interest Income 30,631 $           34,092 $       61,543 $             66,122 $             Other Income/(Loss): Realized loss on sale of RMBS, net (7,072) $              (47,508) $       (18,882) $              (31,713) $              Gain/(loss) on derivative instruments, net (includes ($14,467), respectively) (27,133) 83,369 (64,323) 77,571 Unrealized gain/(loss) on RMBS, net 51,590 (134,822) 102,237 (167,870) Unrealized gain/(loss) on securitized debt (364) 887 (354) 15 Unrealized gain/(loss) on securitized mortgage loans, net 2,042 (3,473) 3,096 (625) Unrealized gain on other investment securities 54 - 176 - Other, net (49) 43 (31) 68 Other Income/(Loss), net 19,068 $           (101,504) $    21,919 (122,554) $          Operating Expenses: ($545) of non-cash stock based compensation, respectively) (2,921) $              (2,434) $         (6,016) $                (5,285) $                (2,774) (2,921) (5,560) (5,710) Total Operating Expenses (5,695) $            (5,355) $        (11,576) (10,995) $            Net Income/(Loss) 44,004 $           (72,767) $      71,886 $             (67,427) $            Preferred Stock Dividends Declared (3,450) (3,450) (6,900) (6,900) Net Income/(Loss) Allocable to Common Stock and Participating Securities 40,554 $           (76,217) $      64,986 $             (74,327) $            1.26 $                (2.39) $          2.02 $                  (2.59) $                 1.25 $                (2.39) $          2.01 $                  (2.59) $                 Dividends Declared per Share of Common Stock 0.42 $                0.70 $           0.82 $                  1.40 $                  Three Months Ended June 30, Six Months Ended June 30, (Unaudited) (Unaudited) Earnings/(Loss) per Share of Common Stock - Basic Earnings/(Loss) per Share of Common Stock - Diluted $79,778, ($33,185) and $78,119 of unrealized gains/(losses), net,  General and administrative (includes ($408), ($146), ($867) and  Management fee - related party

17 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Reconciliation of Operating Earnings (1) (1) Operating Earnings and Operating Earnings per share of common stock are non-GAAP financial measures.  Operating Earnings and Operating Earnings per hare of common stock presented exclude, as applicable: (i) certain realized and unrealized gains and losses recognized through earnings; (ii) non-cash equity compensation; (iii) one time events pursuant to changes in GAAP; and (iv) certain other non-cash charges. Operating Earnings represents the earnings, as adjusted, allocable to common stock. (2) Reflects per share amount for each component presented. (in thousands—except share and per share data) June 30, 2014 Per Share Amount (2) June 30, 2013 Per Share Amount (2) Operating Earnings: Net income/(loss) allocable to common stockholders 40,291 $                      1.26 $                          (76,356) $                     (2.39) $                         Adjustments: Non-cash stock-based compensation expense 408 0.01 146 - Unrealized (gain)/loss on RMBS, net (51,590) (1.61) 134,822 4.21 Unrealized (gain)/loss on derivatives, net 14,467 0.45 (79,778) (2.49) Unrealized (gain)/loss on securitized mortgage loans, net (2,042) (0.06) 3,473 0.11 Unrealized (gain)/loss on securitized debt 364 0.01 (887) (0.03) Unrealized (gain) on other investment securities (54) - - - Realized loss on sale of RMBS, net 7,072 0.22 47,508 1.49 Realized (gain)/loss on Swaps/Swaption terminations and expirations, net 7,585 0.24 (10,028) (0.31) Tax amortization of gain/(loss) on Swaption terminations and expirations, net (48) - - - Other 68 - - - Total adjustments to arrive at operating earnings: (23,770) (0.74) 95,256 2.98 Operating Earnings 16,521 $                      0.52 $                          18,900 $                      0.59 $                          Weighted average common shares 32,019,863 31,995,321 Three Months Ended Three Months Ended

18 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”) Reconciliation of Operating Earnings (1) and Effective Cost of Funds (2) (1) Operating Earnings and Operating Earnings per common share are non-GAAP financial measures.  Operating Earnings and Operating Earnings per common share presented exclude, as applicable: (i) certain realized and unrealized gains and losses recognized through earnings; (ii) non-cash equity compensation; (iii) one time events pursuant to changes in GAAP; and (iv) certain other non-cash charges. Operating Earnings represents the earnings, as adjusted, allocable to common stock. (2) Effective cost of funds reflects interest expense adjusted to include the net interest component related to Swaps. (3) Reflects per share amount for each component presented. (4) Effective Cost of Funds ($ in thousands) Reconciliation Cost of Funds/Effective Cost of Funds Interest expense 7,510 $                 1.01% Adjustment: Net-interest paid for Swaps 5,081 0.68% Effective interest expense/effective cost of funds 12,591 $               1.69% Weighted average balance of borrowings 2,939,415 $         June 30, 2014 Three Months Ended (in thousands—except share and per share data) June 30, 2014 Per Share Amount (3) June 30, 2013 Per Share Amount (3) Operating Earnings: Net income/(loss) allocable to common stockholders 64,570 $                      2.02 $                          (74,600) $                     (2.59) $                         Adjustments: Non-cash stock-based compensation expense 867 0.03 545 0.02 Unrealized (gain)/loss on RMBS, net (102,237) (3.19) 167,870 5.82 Unrealized (gain)/loss on derivatives, net 33,185 1.04 (78,119) (2.71) Unrealized (gain)/loss on securitized mortgage loans, net (3,096) (0.10) 625 0.02 Unrealized (gain)/loss on securitized debt 354 0.01 (15) - Unrealized (gain) on other investment securities (176) (0.01) - - Realized loss on sale of RMBS, net 18,882 0.59 31,713 1.10 Realized (gain)/loss on Swaps/Swaption terminations and expirations, net 14,112 0.44 (10,028) (0.34) Tax amortization of gain/(loss) on Swaption terminations and expirations, net (92) - - - Realized loss on Short TBA Contracts (4) 7,156 0.22 - - Other 68 - - - Total adjustments to arrive at operating earnings: (30,977) (0.97) 112,591 3.91 Operating Earnings 33,593 $                      1.05 $                          37,991 $                      1.32 $                          Weighted average common shares 32,017,640 28,858,241 Six Months Ended Six Months Ended A Short TBA Contract refers to a “to-be-announced” contract to sell certain Agency RMBS on a forward basis.

19 Contact Information Hilary Ginsberg Investor Relations Manager 212-822-0767 APOLLO RESIDENTIAL MORTGAGE, INC. (“AMTG”)