<ARTICLE> 5
<LEGEND>
The Schedule contains summary financial information extracted from the financial
statements for American Mortgage Acceptance Company and is qualified in its
entirety by reference to such financial statements.

<CIK> 0000878774
<NAME> AMERICAN MORTGAGE ACCEPTANCE COMPANY

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                       9,123,463
<SECURITIES>                                41,671,953
<RECEIVABLES>                               69,966,037
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                             121,322,167
<CURRENT-LIABILITIES>                       65,868,891
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  55,453,276
<TOTAL-LIABILITY-AND-EQUITY>               121,322,167
<SALES>                                              0
<TOTAL-REVENUES>                             6,702,240
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             1,075,939
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           2,856,936
<INCOME-PRETAX>                              2,376,920
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,376,920
<EPS-BASIC>                                        .62
<EPS-DILUTED>                                      .62