SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-Q/A

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934.

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000

              [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934.

            FOR THE TRANSITION PERIOD FROM ___________ TO __________

                        COMMISSION FILE NUMBER 000-27081

                      AMERICAN HOME MORTGAGE HOLDINGS, INC.
            ------------------------------------------------------
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


            DELAWARE                                     13-4066303
-------------------------------------     --------------------------------------
(STATE OR OTHER JURISDICTION OF             (I.R.S. EMPLOYER IDENTIFICATION NO.)
 INCORPORATION OR ORGANIZATION)

                     12 EAST 49TH STREET, NEW YORK, NY 10017
             ---------------------------------------------------
             (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

                                 (212) 755-8600
             ----------------------------------------------------
             (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

           TITLE OF EACH CLASS                      NAME OF EACH EXCHANGE

      Common Stock, $0.01 par value                 NASDAQ National Market


        SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: NONE

            Indicate by check mark  whether the  registrant  (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] or No [ ].

            As of September 30, 2000, 8,784,551 shares of the Registrant's
Common Stock, $.01 par value, were outstanding.

<PAGE>




                      AMERICAN HOME MORTGAGE HOLDINGS, INC.

                                   FORM 10-Q/A
                    For the Quarter Ended September 30, 2000

                                      INDEX


      PART I - FINANCIAL INFORMATION

            Item 1.    Condensed Financial Statements

                       Consolidated Balance Sheets

                       Consolidated Statements of Income

                       Consolidated Statements of Cash Flows

                       Notes to Consolidated Financial Statements


      SIGNATURES


<PAGE>




PART I - FINANCIAL INFORMATION

The dollar amounts of TOTAL ASSETS and TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY, each as of September 30, 2000, have been revised to reflect a $7000
adjustment.  No other provisions of the Form 10-Q for the fiscal quarter ended
September 30, 2000 are amended hereby.

                                     ITEM 1.

                              FINANCIAL STATEMENTS

                      AMERICAN HOME MORTGAGE HOLDINGS, INC.
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                   SEPTEMBER 30,    DECEMBER 31,
                                                                       2000             1999
                                                                   ------------     ------------
                                                                    (Unaudited)
<S>                                                                <C>              <C>
ASSETS

Cash and cash equivalents                                          $  3,374,539     $  3,414,017
Accounts receivable                                                  13,996,490        7,102,546
Mortgage loans held for sale, net                                   118,297,926       65,115,356
Mortgage loans held for investment, net                                 164,457          153,534
Real estate owned                                                       344,032          112,865
Mortgage servicing rights, net                                           33,356           34,470
Premises and equipment, net                                           6,253,301        3,419,693
Prepaid expenses and security deposits                                2,305,340        2,034,234
Goodwill                                                             12,849,783        4,497,537
                                                                   ------------     ------------

TOTAL ASSETS                                                       $157,619,224     $ 85,884,252
                                                                   ============     ============

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:
      Warehouse lines of credit                                    $113,412,232     $ 56,804,901
      Drafts payable                                                  1,972,626        3,313,686
      Accrued expenses and other                                     13,943,431        5,262,997
      Notes payable                                                   2,331,930        1,947,578
      Mortgage payable - building                                     1,298,640               --
      Deferred income tax liability                                     531,950          532,025
                                                                   ------------     ------------
                Total liabilities                                   133,490,809       67,861,187
                                                                   ------------     ------------

COMMITMENTS AND CONTINGENCIES                                                --               --

MINORITY INTEREST                                                       262,431           23,372

STOCKHOLDERS' EQUITY:
      Preferred stock $1.00 per share, 1,000,000 shares
           authorized, none issued and outstanding                           --               --
      Common stock, $.01 per share par value, 19,000,000
           shares authorized, 8,784,551 issued and outstanding           87,845           82,534
      Additional paid-in capital                                     19,517,810       17,249,390
      Retained earnings                                               4,260,329          667,769
                                                                   ------------     ------------
                Total stockholders' equity                           23,858,984       17,999,693
                                                                   ------------     ------------

TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                                       $157,619,224     $ 85,884,252
                                                                   ============     ============
</TABLE>

See Notes to Consolidated Financial Statements.
<PAGE>


                      AMERICAN HOME MORTGAGE HOLDINGS, INC.
                        CONSOLIDATED STATEMENTS OF INCOME

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                            FOR THE THREE MONTHS ENDED         FOR THE NINE MONTHS ENDED
                                                                   SEPTEMBER 30,                      SEPTEMBER 30,
                                                              2000             1999              2000              1999
                                                          ------------     ------------      ------------      ------------
<S>                                                       <C>              <C>               <C>               <C>
REVENUES:
      Gain on sale of mortgage loans, net                 $ 15,411,656     $  5,015,536      $ 33,281,451      $ 15,837,750
      Interest income, net                                     691,800          482,583         2,611,873         1,190,951
      Other                                                    890,377          330,838         2,034,763           967,553
                                                          ------------     ------------      ------------      ------------

           Total revenues                                   16,993,833        5,828,957        37,928,087        17,996,254
                                                          ------------     ------------      ------------      ------------
EXPENSES:
      Salaries, commissions and benefits, net                7,959,155        2,831,315        17,555,906         8,654,829
      Marketing and promotion                                1,788,316          336,141         2,723,543         1,205,089
      Occupancy and equipment                                1,598,414          552,826         3,977,745         1,575,884
      Data processing and communications                       713,080          267,910         1,831,038           884,572
      Provision for loss                                        50,000               --            98,500            27,967
      Other                                                  2,104,350          567,928         5,334,737         1,670,729
                                                          ------------     ------------      ------------      ------------

           Total expenses                                   14,213,315        4,556,120        31,521,469        14,019,070
                                                          ------------     ------------      ------------      ------------

INCOME BEFORE INCOME TAXES AND
      MINORITY INTEREST                                      2,780,518        1,272,837         6,406,618         3,977,184
INCOME TAXES                                                 1,195,067           79,859         2,822,727           211,125
                                                          ------------     ------------      ------------      ------------

INCOME BEFORE MINORITY INTEREST                              1,585,451        1,192,978         3,583,891         3,766,059
MINORITY INTEREST IN INCOME OF
      CONSOLIDATED JOINT VENTURE                                64,562          (17,159)           (8,670)           27,332
INCOME TAX EXPENSE DUE TO
      CONVERSION OF "S" CORP.                                       --          625,000                --           625,000
                                                          ------------     ------------      ------------      ------------

NET INCOME                                                $  1,520,889     $    585,137      $  3,592,561      $  3,113,727
                                                          ============     ============      ============      ============

Earnings per share - basic                                $       0.17     $       0.12      $       0.43      $       0.62
Earnings per share - diluted                              $       0.17     $       0.12      $       0.43      $       0.62

Weighted average number of shares - basic                    8,779,247        5,000,000         8,453,899         5,000,000
                                                          ============     ============      ============      ============

Weighted average number of shares - diluted                  8,779,247        5,000,000         8,453,899         5,000,000
                                                          ============     ============      ============      ============

Unaudited pro forma information:
      Provision for proforma income taxes                                       548,669                           1,737,935
                                                                           ------------                        ------------

Pro forma earnings                                                         $    741,327                        $  2,211,917
                                                                           ============                        ============

Pro forma basic and diluted earnings per share                             $       0.10                        $       0.29
                                                                           ============                        ============

Pro forma weighted average number of shares - basic                           7,500,000                           7,500,000
                                                                           ============                        ============

Pro forma weighted average number of shares - diluted                         7,533,334                           7,533,334
                                                                           ============                        ============
</TABLE>

See Notes to Consolidated Financial Statements.
<PAGE>


                      AMERICAN HOME MORTGAGE HOLDINGS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             FOR THE NINE MONTHS ENDED
                                                                                    SEPTEMBER 30,
                                                                             2000                  1999
                                                                        ---------------      ---------------
<S>                                                                     <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net income                                                         $     3,592,561      $     3,113,727
     Adjustments to reconcile net income to net cash (used in)
         provided by operating activities:
            Depreciation and amortization                                     1,086,188              258,783
            Provision for loss                                                   98,500               27,967
            Origination of mortgage loans held for sale                  (1,882,964,166)        (894,744,878)
            Proceeds on sale of mortgage loans                            1,831,438,008          896,215,678
            Increase in accrued expenses and other liabilities                7,029,203              497,123
            Deferred income taxes                                                   (75)             640,000
            (Increase) / decrease in:
                Accounts receivable                                          (7,112,245)            (463,961)
                Mortgage servicing rights                                         1,114               (1,000)
                Prepaid expenses and security deposits                          399,318             (669,097)
                                                                        ---------------      ---------------
                Net cash (used in) provided by operating activities         (46,431,594)           4,874,342
                                                                        ---------------      ---------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchase of real estate owned, net                                        (231,167)                  --
     Net purchases of loans held for investment                                 (10,923)             (80,055)
     Acquisition of First Home Mortgage Corp., net                           (7,339,605)                  --
     Purchases of premises and equipment, net                                (1,112,880)            (877,509)
     Increase (decrease) in minority interest                                    82,219              (85,168)
                                                                        ---------------      ---------------
                Net cash used in investing activities                        (8,612,356)          (1,042,732)
                                                                        ---------------      ---------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Increase (decrease) in warehouse lines of credit                        56,498,940          (11,189,014)
     Increase (decrease) in drafts payable                                   (1,341,060)           7,932,897
     Decrease in notes payable                                                 (153,408)                  --
     Distributions                                                                   --             (994,012)
     Proceeds from issuance of capital stock                                         --                1,000
                                                                        ---------------      ---------------
                Net cash provided by (used in) financing activities          55,004,472           (4,249,129)
                                                                        ---------------      ---------------

NET DECREASE IN CASH                                                            (39,478)            (417,519)

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                                  3,414,017            2,891,513
                                                                        ---------------      ---------------

CASH AND CASH EQUIVALENTS, END OF PERIOD                                $     3,374,539      $     2,473,994
                                                                        ===============      ===============

SUPPLEMENTAL DISCLOSURE--CASH PAID FOR:
     Interest                                                           $     4,388,818      $     1,332,523
     Taxes                                                                      919,836              396,134
</TABLE>

NON CASH ACTIVITIES

   On June 30, 2000, the Company issued 489,804 shares of common stock in
   exchange for 100% of the outstanding shares of First Home Mortgage Corp. See
   Notes to Consolidated Financial Statements.


<PAGE>


                      AMERICAN HOME MORTGAGE HOLDINGS, INC.
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


NOTE 1-BASIS OF PRESENTATION

The accompanying unaudited interim consolidated financial statements of American
Home Mortgage Holdings, Inc. and its subsidiaries, American Home Mortgage Corp.
("American Home Mortgage") and Marina Mortgage Company, Inc. ("Marina")
(collectively, the "Company") reflect all adjustments which, in the opinion of
management, are necessary for a fair presentation of the results of the interim
periods presented. All such adjustments are of a normal recurring nature. All
intercompany accounts and transactions have been eliminated. Operating results
for the nine months ended September 30, 2000 are not necessarily indicative of
the results that may be expected for the full year ended December 31, 2000.

The unaudited interim consolidated financial statements should be read in
conjunction with the Company's audited consolidated financial statements and
notes thereto for the year ended December 31, 1999, included in the Company's
annual report on Form 10-K for the year then ended.

NOTE 2-INCOME TAXES

Prior to September 29, 1999, the Company was treated as an S corporation for
income tax purposes. Effective September 29, 1999, the Company changed its
income tax treatment to a C corporation. Income tax expense of approximately
$80,000 and $211,000 has been recorded for the third quarter and nine months
ending September 30, 1999, respectively. On a pro forma basis income tax expense
would have been approximately $741,000 and $2.2 million for the third quarter
and nine months ending September 30, 1999, respectively. Pro forma income tax
provisions have been presented as if the Company was taxable as a C corporation
for Federal and state income tax purposes for all periods presented.

The pro forma financial information has been presented to show the effect on the
historical results of operations of the Company had it been treated as a C
corporation for Federal and state income tax purposes as of the beginning of the
earliest period presented. The pro forma earnings per share has been presented
as if the shares issued at the time of the Offering were outstanding as of the
beginning of each period.

NOTE 3-EARNINGS PER SHARE

Basic earnings per share is based on the weighted average number of shares
outstanding and excludes the dilutive effect of common stock equivalents.
Diluted earnings per share is based on the weighted average number of shares
outstanding and includes the dilutive effect of common stock equivalents. There
was a de minimus dilutive effect as of September 30, 2000.

NOTE 4-INCORPORATION TRANSACTION

On June 15, 1999, the Company was formed to serve as a holding company for
American Home Mortgage. In conjunction with the closing of its Offering, all of
the issued and outstanding shares of stock of American Home Mortgage were
exchanged for 4,999,900 shares of the Company's Common Stock.

The Financial Accounting Standards Board issued Statements of Financial
Accounting Standards No. 133, "Accounting for Derivative Instruments and Hedging
Activities" ("SFAS 133") in June 1998 and No. 138 "Accounting for Certain
Derivative Instruments and Certain Hedging Activities an Amendment of FASB
Statement No. 133" ("SFAS 138") in June 2000.


<PAGE>

NOTE 5-DERIVATIVES

SFAS 133 establishes accounting and reporting standards for derivative
instruments, including certain derivative instruments embedded in other
contracts, (collectively referred to as derivatives) and for hedging activities.
It requires that an entity recognize all derivatives as either assets or
liabilities in the statement of financial position and measure those instruments
at fair value. If certain conditions are met, a derivative may be specifically
designated as:

o    a hedge of the exposure to changes in the fair value of a recognized asset
     or liability or an unrecognized firm commitment;

o    a hedge of the exposure to variable cash flows of a forecasted transaction;
     or

o    a hedge of the foreign currency exposure of a net investment in a foreign
     operation, an unrecognized firm commitment, an available for sale security,
     or a foreign-currency-denominated forecasted transaction.

Under SFAS 133, an entity that elects to apply hedge accounting is required to
establish at the inception of the hedge the method it will use for assessing the
effectiveness of the hedging derivative and the measurement approach for
determining the ineffective aspect of the hedge. Those methods must be
consistent with the entity's approach to managing risk.

SFAS 138 addresses a limited number of issues causing implementation
difficulties for numerous entities that apply SFAS 133 and amends the accounting
and reporting standards of SFAS 133 for certain derivative instruments and
certain hedging activities.

As part of the Company's secondary marketing activities, mortgage-backed
securities are purchased and sold forward and options are acquired on mortgage
and treasury securities. At September 30, 2000, forward delivery commitments
amounted to approximately $138 million and options to buy securities amounted to
approximately $48 million. These contracts have a high correlation to the price
movement of the loans being hedged. There is currently no recognition of
unrealized gains or losses on these contracts in the balance sheet or statement
of income. When the related loans are sold, the deferred gains or losses from
these contracts are recognized in the statement of income as a component of net
gains or losses on sales of mortgage loans.

These statements are effective for all fiscal quarters of fiscal years beginning
after June 15, 2000. When the Company adopts these statements in January 2001,
management believes there will be a positive fair value impact of $2 million to
$3 million.

NOTE 6-ACQUISITION

On June 30, 2000, the Company completed its acquisition of First Home Mortgage
Corporation ("First Home"), an Illinois corporation, which was merged with and
into American Home Mortgage Corp. The shareholders of First Home received an
aggregate of 489,804 shares of the Company's common stock and $3.6 million, to
be paid over a period of two years. In addition, the shareholders of First Home
may receive additional consideration consisting of cash and shares of the
company's common stock based on the future results of the financial performance
of the First Home division of the Company (please see the Company's current
report on Form 8-K filed with the Securities and Exchange Commission on February
1, 2000 for further information). First Home is an independent mortgage lender
based in metropolitan Chicago. Formed in 1987, First Home originates primarily
residential mortgage loans. It operates 21 branch offices in 4 states and
employs approximately 255 full time employees, including sales personnel. At
June 30, 2000, First Home had assets of $9.7 million. This transaction generated
goodwill of approximately $8.2 million to be amortized over 20 years.
<PAGE>




                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                      AMERICAN HOME MORTGAGE HOLDINGS, INC.
                                      -------------------------------------
                                                  (Registrant)


Dated:      November 30, 2000         By:   /s/  Robert E. Burke
                                            --------------------------------
                                            Robert E. Burke
                                            Chief Financial Officer



Dated:      November 30, 2000         By:   /s/  Richard D. Silver
                                            --------------------------------
                                            Richard D. Silver
                                            Controller