Investor Notice: Susman Heffner & Hurst LLP Has Filed Shareholder Class Action on Behalf of American Home Mortgage Investment Corp., Shareholders

Business Wire, August 31, 2007

NEW YORK -- Susman Heffner & Hurst LLP has filed a class action on behalf of shareholders who purchased American Home Mortgage Investment Corp., ("AHM") (OTC: AHMIQ.PK) common stock in AHM's April 30, 2007, secondary offering for four million (4,000,000) shares of AHM common stock at $23.80 per share. The case was filed in the United States District Court for the Eastern District of New York.

The Complaint alleges that defendants issued numerous positive financial statements, annual and quarterly financial reports filed with the SEC and incorporated by reference into the Offering Materials for the April 30, 2007, secondary offering that described AHM's financial performance. These statements were materially false and misleading because they misrepresented and failed to disclose the following adverse facts, among others: (a) AHM was experiencing an increasing number of loan delinquencies; (b) AHM failed to take adequate reserves against known or knowable future losses, including losses as a result of loan delinquencies; (c) AHM failed to write down on its financial statements the value of certain loans that had substantially declined, thereby increasing AHM's overall exposure to loss; (d) as a result of the increased delinquencies, it was becoming increasingly more difficult for AHM to sell its loans absent sharp price discounts, thus reducing profit margins and profit; (e) even at reduced prices, AHM was unable sell many of its loans and was forced to hold them, thereby increasing its exposure; and (f) as a result, AHM reported overstated financial results and concealed from the investing public, including plaintiff and other members of the Class, the true nature and extent of the undisclosed credit risk facing AHM. The Complaint charges that the defendants failure to disclose these facts, among others, violated Sections 11, 12(a)(2), and 15 of the Securities Act of 1934.

On July 31, 2007, when AHM issued a press release announcing its true financial condition and its inability to fund its lending obligations, AHM's stock price plummeted to an all time low of $1.04 per share.

The Offering Materials consisted of the Prospectus Supplement dated April 30, 2007 (the "Prospectus Supplement"); the Registration Statement dated December 15, 2004; the Prospectus dated January 6, 2005; and all documents incorporated by reference into the above materials.

If you purchased AHM common stock on or traceable to the April 30, 2007, public offering and sustained damages, you may, no later than October 1, 2007, move the Court to serve as lead plaintiff. Shareholders outside the United States may also join the action, regardless of which exchange was used to purchase the securities. If you would like to discuss this action, this announcement, or your rights and interests, please contact plaintiff's counsel Matthew T. Heffner of Susman Heffner & Hurst LLP.