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0-23972
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13-6972380
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(Commission
File Number)
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(IRS
Employer Identification
Number)
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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·
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On
November 19 and 20, 2007, the Registrant sold its portfolio of Federal
National Mortgage Association (“FNMA”) and Government National Mortgage
Association (“GNMA”) securities (together, the “Debt Securities”) to an
unrelated third party. As a result, the Registrant received
total proceeds of $71.2 million, of which, $67.5 million was used
to repay
a repurchase facility that collateralized these debt
securities. Based on the amortized cost of $73.4 million prior
to the sale, the transactions resulted in realized losses of $2.2
million.
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·
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On
December 3, 2007, the
Registrant sold two Commercial Mortgage-Backed Securities (“CMBS”) to an
unrelated third party. This sale resulted in total proceeds of
$ 15.6 million, of which, $14.0 million was used to repay a repurchase
facility that collateralized these CMBS. Based on the amortized
cost of $25.9 million prior to the sale, the transactions resulted
in
realized losses of $10.3
million.
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American
Mortgage Acceptance Company
(Registrant)
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Date:
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By:
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/s/ Robert L. Levy |
Robert
L. Levy
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Chief
Financial Officer
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