INVESTOR ALERT: KGS Announces 59 Days Remaining for American Home Mortgage Investment Corp. Investors to Request Lead Plaintiff Position in Securities Class Action Lawsuit

Market Wire, August, 2007

Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of American Home Mortgage Investment Corp. ("AHM" or the "Company") (NYSE: AHM) who purchased shares of the Company between July 26, 2006 and July 27, 2007 (the "Class Period"), including purchasers of stock pursuant to the Company's May 4, 2007 Stock Offering underwritten by Citigroup Global Markets, Inc., have 59 days, or until October 1, 2007 to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Eastern District of New York. No class has yet been certified in this action.

UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.

If you purchased shares of AHM between the announced Class Period dates above, including pursuant to the Company's May 4, 2007 Stock Offering, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or email to lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit http://www.kgscounsel.com/case/case.asp?lngCaseId=5010 .

The complaint charges AHM and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

According to the complaint, during the Class Period, defendants issued materially false and misleading statements concerning the following facts: (i) the Company was experiencing an increasing level of loan delinquencies which was depressing its earnings; (ii) the Company was experiencing increasing difficulties in selling its loans and, therefore, was required to decrease prices, thereby reducing margins and profits; and (iii) as a result of the foregoing, the Company was overstating its financial results by failing to write-down the value of certain of the loans in its portfolio as these loans had declined substantially in value.

In light of all of this, on June 28, 2007, AHM issued a press release announcing that it will take "substantial charges for credit-related expenses in the second quarter." The Company reported that the increase in losses was related to its practice of extending a three month timely payment warranty that the Company granted to loan buyers who purchased stated income loans. In response to this announcement, AHM stock declined from $20.91 per share to $18.38 per share on extremely heavy trading volume. Then, on July 27, 2007, after the close of the market, AHM issued a press release announcing that its Board of Directors decided to delay paying its dividend. In response to this announcement, on July 30, 2007, the NYSE halted trading in AHM stock before the market opened.

SPECIAL NOTICE: Courts will generally appoint only one law firm to prosecute a securities class action on behalf of the shareholders based upon the amount of losses its "lead plaintiffs" have suffered. Accordingly, while KGS urges you to sign up with the firm, KGS also encourages you to carefully evaluate any other firm you may consider to represent your interests in the AHM class action, should you be considering another firm. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the AHM action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS.

Contact: Lewis Kahn KGS 1-866-467-1400, ext. 100 email: lewis.kahn@kgscounsel.com