American Home Mortgage Investment Corporation, stock symbol (AHM), is a mortgage real estate investment trust (REIT) engaged in the business of investing in mortgage backed securities (MBS) and mortgage loans resulting from the securitization of residential mortgages that are originated and serviced by its subsidiaries.
American Home Mortgage has four distinct divisions.
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The mortgage holdings segment uses the Company’s equity capital and borrowed funds to invest in mortgage-backed securities and mortgage loans held for investment.
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The loan origination segment originates mortgage loans through the Company’s retail and wholesale loan production offices and its correspondent channel.
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The loan servicing segment includes investments in mortgage servicing rights, as well as servicing operations primarily for other financial institutions.
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The banking segment includes loans held for investment and deposits.
Currently, American Home Mortgage is experiencing much difficulty and has announced that on Friday August 3rd, 2007, that they are closing operations. Stay tuned for what is to follow.


