Exhibit 99.1

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FOR IMMEDIATE RELEASE

                     American Home Mortgage Investment Corp.
                     Announces Universal Shelf Registration

Melville, NY - December 24, 2003 - American Home Mortgage Investment Corp.
(NYSE: AHH) today announced it has filed a universal shelf registration
statement on Form S-3 with the Securities and Exchange Commission for the
possible future offer and sale, from time-to-time, of up to an aggregate of
$500 million of equity and/or debt securities.

Michael Strauss, Chairman and Chief Executive Officer of American Home
commented, "The purpose of this shelf registration statement is to provide
American Home with additional financial liquidity and flexibility to access
the capital markets on a timely and cost effective basis.  Once the
registration statement is effective, depending on market conditions, we will
have the ability to periodically raise capital for financing mortgage
portfolio investments, increasing the size of our lending operations and for
other general corporate purposes."

Although American Home has filed the registration statement with the
Securities and Exchange Commission, it has not yet become effective.  The
securities covered by the registration statement may not be sold nor may
offers to buy be accepted prior to the time the registration statement
becomes effective.  Any offerings of securities covered by the registration
statement will be made only by means of a written prospectus and prospectus
supplements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.

Written copies of the base prospectus and, when available, any prospectus
supplements may be obtained by contacting American Home Mortgage Investment
Corp., 520 Broadhollow Road, Melville, New York 11747, Attention: Corporate
Secretary.

ABOUT AMERICAN HOME MORTGAGE INVESTMENT CORP.
American Home Mortgage Investment Corp. (NYSE: AHH) is a mortgage real estate
investment trust focused on earning net interest income from self-originated
mortgage backed securities, and through its taxable subsidiaries, on
originating and servicing mortgage loans for institutional investors.
Mortgages are originated though a network of 267 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 Web site at www.americanhm.com.


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Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: 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: 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; 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 to issue updates
to any forward-looking statements discussed in this press release.

AMERICAN HOME MORTGAGE CONTACT:

John D. Lovallo, SVP
Ogilvy Public Relations Worldwide
212-880-5216
john.lovallo@ogilvypr.com