American Home Mortgage Investment Corp. (NYSE: AHM) is a mortgage real estate investment trust (REIT) focused on earning net interest income from self-originated loans and mortgage-backed securities, and through its taxable subsidiaries, from originating and servicing mortgage loans for institutional investors. Mortgages are originated though a network of loan production offices as well as through mortgage brokers and purchased from correspondent lenders and are serviced at the Company's Irving, Texas servicing center.

The Company started as American Home Mortgage Holdings, Inc. and was engaged only in the origination and servicing of mortgages. As a result of the acquisition of Apex Mortgage Capital in December 2003, the Company elected to reorganize as a REIT and changed its name to American Home Mortgage Investment Corp., the new parent company of American Home Mortgage.

The merger and American Home Mortgage Investment Corp.’s election to be treated as a REIT, allows the Company to diversify its sources of revenue and permits the distribution of its dividends in a more tax-efficient manner to its shareholders.

The Company’s earnings are diversified between net interest income from holdings of mortgage-backed securities, mortgage originations and mortgage servicing. Under this model, the Company has reduced its sensitivity to rising interest rates.

website: American Home Mortgage