American Home Mortgage Investment Corp. Board Declares Quarterly Common Stock and Series A and Series B Preferred Stock Dividend

  
    
  
  
    
      American Home Mortgage Investment Corp. (NYSE: AHM) announced today that 
      its Board of Directors has declared a quarterly cash dividend of $0.70 
      per share on the Company's common stock, a quarterly cash dividend of 
      $0.609375 per share on the Company's 9.75% Series A Cumulative 
      Redeemable Preferred Stock and a quarterly cash dividend of $0.578125 
      per share on the Company’s 9.25% Series B 
      Cumulative Redeemable Preferred Stock.
    
    
      The common stock dividend is payable on July 27, 2007 to shareholders of 
      record as of July 9, 2007.
    
    
      The Series A Preferred Stock dividend is payable on July 31, 2007, to 
      shareholders of record as of July 9, 2007.
    
    
      The Series B Preferred Stock dividend is payable on July 31, 2007 to 
      shareholders of record as of July 9, 2007.
    
    
      American Home Mortgage Investment Corp. 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 selling mortgage loans and 
      servicing mortgage loans for institutional investors. Mortgages are 
      originated through a network of loan production offices and mortgage 
      brokers as well as purchased from correspondent lenders, and are 
      serviced at the Company’s Irving, Texas 
      servicing center. For additional information, please visit the Company's 
      website at www.americanhm.com.
    
    
      This news release contains “forward-looking 
      statements” that are based upon expectations, 
      estimates, forecasts, projections and assumptions. Any statement in this 
      news release that is not a statement of historical fact, including, but 
      not limited to, earnings guidance and forecasts, projections of 
      financial results and loan origination volume, expected future financial 
      position, dividend plans or business strategy, and any other statements 
      of plans, expectations, objectives, estimates and beliefs, is a 
      forward-looking statement. Words such as “look 
      forward,” “will,” 
      “anticipate,” “may,” 
      “expect,” “plan,” 
      “believe,” “intend,” 
      “opportunity,” “potential,” 
      and similar words, or the negatives of those words, are intended to 
      identify forward-looking statements. Such forward-looking statements 
      involve known and unknown risks, uncertainties and other factors that 
      are difficult to predict, and are not guarantees of future performance. 
      As a result, actual future events may differ materially from any future 
      results, performance or achievements expressed in or implied by this 
      news release. Specific factors that might cause such a difference 
      include, but are not limited to: American Home’s 
      limited operating history with respect to its portfolio strategy; the 
      potential fluctuations in American Home’s 
      operating results; American Home’s potential 
      need for additional capital; the direction of interest rates and their 
      subsequent effect on the business of American Home and its subsidiaries; 
      risks associated with the use of leverage; changes in federal and state 
      tax laws affecting REITs; federal and state regulation of mortgage 
      banking; and those risks and uncertainties discussed in filings made by 
      American Home with the Securities and Exchange Commission. Such 
      forward-looking statements are inherently uncertain, and stockholders 
      must recognize that actual results may differ from expectations. 
      American Home does not assume any responsibility, and expressly 
      disclaims any responsibility, to issue updates to any forward-looking 
      statements discussed in this news release, whether as a result of new 
      information, future events or otherwise.