American Home Mortgage Holdings Inc., Melville, N.Y., has agreed to acquire Apex Mortgage Capital Inc. for approximately $200 million in an all-stock transaction.The acquisition will convert American Home Mortgage into a real estate investment trust, changing the company's financial platform and tax structure and adding a complementary line of business to American Home's operations. The acquisition gives American Home a distribution channel to securitize debt and sell to the secondary market, as well as to set up a proprietary fund of its own. American Home can be found online at http://www.mortgageselect.com.
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