EXHIBIT 99.1

[AHH Logo]

                              FOR IMMEDIATE RELEASE

                     American Home Mortgage Investment Corp.
     Will Release Fourth Quarter 2003 Financial Results On January 29, 2004

      Universal Shelf Registration Statement on Form S-3 Declared Effective

Melville, NY - January 12, 2004 - American Home Mortgage Investment Corp. (NYSE:
AHH), announced today that the Company will release financial results for the
fourth quarter ended December 31, 2003 on Thursday, January 29, 2004 before the
market opens.

In conjunction with the release of its fourth quarter financial results,
American Home would like to invite members of the public to listen to the live
conference call, including a question and answer session, on its Web site on
Thursday, January 29, 2004 at 10:30 a.m. ET. Anyone wishing to listen to the
conference call may log onto www.americanhm.com and click on "Stockholder Info."
The online broadcast will be available on the site through February 12, 2004.
American Home's fourth quarter 2003 conference call can also be accessed online
through Yahoo! Finance at www.yahoo.com.

In addition, American Home announced the Company's universal shelf registration
statement on Form S-3 has been declared effective by the Securities and Exchange
Commission on January 12, 2004.

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