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info on: home loans, mortgage refinancing, debt consolidations, lo doc Loans, bad credit, credit reports |  |
American Home Mortgage Investment Corp.American Home Investment Corp exercises share buy option."Looking for home mortgage finance? Try Mr Mortgage first for 100 percent home loans, 95 percent mortgage refinancing with debt consolidation and 95% lo doc mortgage loans and bad credit mortgages now."MELVILLE, New York, 23rd December 2004 American Home Mortgage Investment Corp., a mortgage real estate investment trust (REIT), today announced that its underwriters have exercised their option to purchase an additional 450,000 shares of the Company's 9.25% Series B Cumulative Redeemable Preferred Stock to cover over-allotments. The shares of Series B Preferred Stock will be sold at a public offering price of $25.00 per share. The sale of these additional shares was completed on December 23, 2004. American Home Mortgage Investment Corp., is a mortgage REIT focused on earning net interest income from self-originated mortgage-backed securities, and through its taxable subsidiaries, from originating and servicing mortgage loans for institutional investors. Mortgages are originated through a network of loan production offices as well as through mortgage brokers and are serviced at the Company's Columbia, Maryland servicing center. For additional information, please visit the Company's website. Is it time to refinance your mortgage with Mr Mortgage? www.mrmortgage.com.au This news release contains statements about future events and expectations, which are "forward-looking statements." Any statement in this release that is not a statement of historical fact, including, but not limited to, earnings guidance and forecasts, projections of financial results, and expected future financial position, dividends and dividend plans or business strategy, is a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause American Home Mortgage Investment Corp.'s actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: American Home Mortgage Investment Corp.'s limited operating history with respect to its portfolio strategy; the potential fluctuations in American Home Mortgage Investment Corp.'s operating results; American Home Mortgage Investment Corp.'s potential need for additional capital; the direction of interest rates and their subsequent effect on American Home Mortgage Investment Corp.'s business and the business of 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 Mortgage Investment Corp. 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 Mortgage Investment Corp. does not assume any responsibility, and expressly disclaims any responsibility, to issue updates to any forward-looking statements discussed in this press release, whether as a result of new information, future events or otherwise.American Home Mortgage Investment Corp. CONTACT: Mary M. Feder, Vice President, Investor Relations of American Home Mortgage Investment Corp., +1-631-622-6469, mary.feder@americanhm.com Web site:www.americanhm.com
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