Kaplan Fox Seeks to Recover Losses for Investors Who Purchased Securities of American Home Mortgage Investment Corp.

Today, Kaplan Fox & Kilsheimer LLP filed a class action lawsuit in the United States District Court for the Eastern District of New York on behalf of a class (the "Class") of all persons who purchased securities of American Home Mortgage Investment Corp. ("AHM" or the "Company") (NYSE: AHM) (PINKSHEETS: AHMMQ) between July 26, 2006 and July 27, 2007, inclusive and alleges violations of the federal securities laws by certain of the Company's executives.

The complaint alleges that during the Class Period, the Company reported positive earnings and "strong" financial results and record loan originations. However, unknown to investors, the following adverse conditions were allegedly affecting the Company's business during the Class Period: (i) its risk mitigation strategies were materially defective, (ii) its financial results were materially overstated because the Company failed to write-down the value of certain of the loans in its portfolio, such as stated income loans, in violation of generally accepted accounting principles ("GAAP") as these loans had materially declined in value; and (iii) its financial guidance and promised cash dividend lacked any reasonable basis.

As alleged in the Complaint, on July 27, 2007, after the close of the market, American Home Mortgage disclosed that its Company's Board of Directors decided to delay payment of its quarterly cash dividend on the Company's common stock and that it anticipated delaying payment of its quarterly cash dividends on its Series A Cumulative Redeemable Preferred Stock and Series B Cumulative Redeemable Preferred Stock "in order to preserve liquidity until it obtains a better understanding of the impact that current market conditions in the mortgage industry and the broader credit market will have on the Company's balance sheet and overall liquidity."

In response to this announcement, it is alleged that on July 30, 2007, the NYSE halted trading in American Home Mortgage stock before the market opened and when trading resumed on July 31, 2007, the stock declined from $10.47 per share to close at $1.04 per share, a decline of $9.43 per share or approximately 90%.

If you are a member of the proposed Class, you may move the court no later than October 1, 2007 to serve as a lead plaintiff for the Class. You need not seek to become a lead plaintiff in order to share in any possible recovery.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, or to review a copy of the complaint filed in this action, you may visit our website at www.kaplanfox.com .

If you have any questions about this Notice, the action, your rights or your interests, please e-mail us at mail@kaplanfox.com or contact: Frederic S. Fox Joel B. Strauss Jeffrey P. Campisi KAPLAN FOX & KILSHEIMER LLP 850 Third Avenue, 14th Floor New York, NY 10022 (800) 290-1952 (212) 687-1980 Fax: (212) 687-7714 E-mail address: mail@kaplanfox.com Laurence D. King KAPLAN FOX & KILSHEIMER LLP 555 Montgomery Street, Suite 1501 San Francisco, CA 94111 (415) 772-4700 Fax: (415) 772-4707 E-mail address: mail@kaplanfox.com