WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 3, 2007

                     American Home Mortgage Investment Corp.
             (Exact Name of Registrant as Specified in Its Charter)

            Maryland                  001-31916             20-0103914
  (State or Other Jurisdiction       (Commission         (I.R.S. Employer
        of Incorporation)            File Number)       Identification No.)

538 Broadhollow Road, Melville, New York                      11747
(Address of Principal Executive Offices)                    (Zip Code)

Registrant's telephone number, including area code: (516) 396-7700

         (Former Name or Former Address, if Changed Since Last Report)

      Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

      |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

      |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

      |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

      |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))

Item 1.02 Termination of a Material Definitive Agreement. (a) Over the last several days, American Home Mortgage Investment Corp. (the "Company") has received notice from substantially all of its lenders and certain counterparties to other material agreements with respect to alleged events of default and their intention to terminate the relevant agreements. The Company has disputed certain of the notices, but in the event of termination, the Company's financial obligation under such agreements may be accelerated, it may be subject to penalties and it may suffer cross-default claims from its other lenders. Item 1.03 Bankruptcy or Receivership On August 6, 2007, the Company issued a press release announcing that the Company, together with certain of its subsidiaries, had filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (American Home Mortgage Holdings, Inc., a Delaware corporation, et al. Case No. 07-11047(CSS)). A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated into this Current Report on Form 8-K by reference. Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. (a) See Item 1.02. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (a) On August 6, 2007, the Company received notification from the New York Stock Exchange (the "NYSE") that its staff had determined that the Company's common stock, Series A Cumulative Redeemable Preferred Stock and Series B Cumulative Redeemable Preferred Stock should be suspended immediately. Application to the Securities and Exchange Commission to delist the issues is pending the completion of the NYSE's applicable procedures. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (a) Effective August 3, 2007, John A. Johnston resigned from his position as a Director of the Company. As previously disclosed, Mr. Johnston previously resigned from his position as President of Western Division. The resignation was not due to a disagreement with the Company. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: 99.1 Press Release, dated August 6, 2007.

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 9, 2007 AMERICAN HOME MORTGAGE INVESTMENT CORP. By: /s/ Michael Strauss -------------------------------------- Name: Michael Strauss Title: Chief Executive Officer

EXHIBIT INDEX ------------- EXHIBIT NUMBER DESCRIPTION -------------- ------------------------------------ 99.1 Press Release, dated August 6, 2007.

                                                                    EXHIBIT 99.1

                              FOR IMMEDIATE RELEASE

     American Home Mortgage Investment Corp. Files for Chapter 11 Bankruptcy

        Receives $50 Million Debtor-in-Possession Financing to Facilitate
                             the Chapter 11 Process

   Engages Kroll Zolfo Cooper, Highly Experienced Management Professionals In
                              Bankruptcy Situations

Melville, NY, - August 6, 2007 - American Home Mortgage Investment Corp. (NYSE:
AHM) today reported that its Board of Directors, after carefully assessing the
sudden adverse impact on the Company's liquidity and business from the
extraordinary disruptions now occurring in the secondary mortgage and real
estate markets, has authorized management to seek protection for the Company
through the bankruptcy process in order to best preserve the value of the
Company's assets. Accordingly, American Home Mortgage Investment Corp., together
with certain of its subsidiaries, has today filed a voluntary petition for
relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the District of Delaware. Under the protection of Chapter 11, American Home
will have the time and opportunity to achieve the best possible value for the
creditors of its mortgage based assets and related operations, as well as an
orderly wind down of the Company.

American Home ceased taking mortgage applications on August 1, 2007 and
separated all production employees on August 3, 2007. The Company is currently
maintaining its thrift and servicing businesses.

In conjunction with the filing, WL Ross & Co. LLC through its fund, WLR Recovery
Fund III, L.P., has agreed to provide American Home up to $50 million in debtor
in possession (DIP) financing, subject to court approval. The DIP financing is
expected to provide American Home with funding to facilitate the Chapter 11

American Home further announced that its Board has approved and the Company has
retained the services of Kroll Zolfo Cooper, and specifically its Chairman,
Stephen Cooper, a highly experienced specialist in troubled business situations,
to lead the Chapter 11 process.

"It is unfortunate that American Home Mortgage, a company which we built into a
highly successful business, experienced this sudden reversal of its fortunes due
to the unanticipated and rather sudden deteriorations in the secondary and
national real estate markets," stated Michael Strauss, American Home's Chief
Executive Officer. "The Chapter 11 process provides American Home the protection
and the opportunity to have the time to make the most prudent decisions to
realize the highest value of our assets for creditors. We now shift our focus to
this objective."

American Home further stated that, since the Company terminated its mortgage
originations business and, while the Chapter 11 process is intended to help
preserve and protect the value of the Company's assets, it is highly unlikely
that these values will be sufficient to pay its creditors in full, and that it
is realistic to conclude that ultimately there will be no shareholder equity
value remaining.

The Company anticipates that the New York Stock Exchange will commence delisting
proceedings with respect to its common and preferred stock.

Milestone Advisors, LLC are acting as advisors to American Home and Young
Conaway Stargatt & Taylor, LLP is acting as legal counsel to the Company with
respect to the bankruptcy.

More information about American Home's Chapter 11 case will be available on its
Web site 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


Mary M. Feder
Vice President, Investor Relations
(631) 622-6469