Item 1. Business.
Omitted.
Item 1A.
Item 1A. Risk Factors.
Omitted.
Item 1B.
Item 1B. Unresolved Staff Comments.
None.
Item 2.
Item 2. Properties.
Omitted.
Item 3.
Item 3. Legal Proceedings.
Omitted.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
Omitted.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Omitted.
Item 6.
Item 6. Selected Financial Data.
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Omitted.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
Omitted.
Item 9A.
Item 9A. Controls and Procedures.
Omitted.
Item 9A(T). Controls and Procedures.
Omitted.
Item 9B.
Item 9B. Other Information.
None.
PART III
Item 10.
Item 10. Directors, Executive Officers and Corporate Governance.
Omitted.
Item 11.
Item 11. Executive Compensation.
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Omitted.
Item 13.
Item 13. Certain Relationships and Related Transactions, and Director Independence.
Omitted.
Item 14.
Item 14. Principal Accounting Fees and Services.
Omitted.
ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB
Item 1112(b) of Regulation AB, Significant Obligor Financial Information.
No single obligor represents 10% or more of the pool assets held by the issuing entity.
Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.
Radian Guaranty Inc. provides a modified pool policy for the trust as disclosed in the 424 Prospectus. No additional disclosure is necessary because such entity does not provide payments representing 10% or more of the cashflows to the security.
Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information).
Bear Stearns Financial Products Inc. provides an interest rate swap agreement, cap contract and floor contract for the trust as disclosed in the 424 Prospectus. No additional disclosure is necessary because the significance percentages for the interest rate swap agreement, cap contract and floor contract are less than 10%.
Item 1117 of Regulation AB, Legal Proceedings.
As disclosed in the Current Report on Form 8-K (File No. 333-140731-02) filed with the U.S. Securities and Exchange Commission on August 10, 2007, American Home Mortgage Investment Corp. and certain of its subsidiaries, including American Home Mortgage Holdings, Inc., American Home Mortgage Acceptance, Inc., American Home Mortgage Corp., and American Home Mortgage Servicing, Inc. ("AHM Servicing"), filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on August 6, 2007 (American Home Mortgage Holdings, Inc., a Delaware corporation, et al., Case No. 07-11047 (CSS)). The American Home Mortgage debtors will continue to operate their businesses as "debtors-in-possession" under the jurisdiction of the U.S. Bankruptcy Court and in accordance with applicable provisions of the U.S. Bankruptcy Code.
With respect to American Home Mortgage's servicing business, on September 25, 2007, AH Mortgage Acquisition Co., Inc., an affiliate of WL Ross & Co. LLC, entered into an agreement to acquire substantially all of the servicing assets of AHM Servicing. By Order dated October 30, 2007, the Bankruptcy Court approved and authorized that sale. The financial closing of the acquisition occurred on November 15, 2007, and it is anticipated that the legal closing of the acquisition will occur during the second quarter of 2008. After the legal closing, the new servicing company will conduct business as AH Mortgage Acquisition Co., Inc., doing business as American Home Mortgage Servicing, Inc.
Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions.
The information regarding this Item has been previously filed in a 424(b)(5) filing dated April 23, 2007.
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such assessments of compliance are attached hereto under Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits.
(1.1) Underwriting Agreement, dated as of April 18, 2007, among American Home Mortgage Investment Securities LLC, as Company, American Home Mortgage Investment Corp., Bear, Stearns & Co. Inc., SG Americas Securities, LLC and BNP Paribas Securities Corp., originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(3.1) Amended and Restated Trust Agreement, dated as of April 20, 2007, among American Home Mortgage Securities LLC, as Depositor, Wilmington Trust Company, as Owner Trustee, and Wells Fargo Bank, N.A., as Securities Administrator, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(4.1) Indenture, dated as of April 20, 2007, between American Home Mortgage Investment Trust 2007-2, as Issuing Entity, Wells Fargo Bank, N.A., as Securities Administrator, and Deutsche Bank National Trust Company, as Indenture Trustee, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(31) Rule 13a-14(d)/15d-14(d) Certification.
(33) Reports on assessment of compliance with servicing criteria for asset-backed securities.
(34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
(35) Servicer compliance statement.
(99.1) Master Servicing Agreement, dated as of April 20, 2007, among Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator, American Home Mortgage Investment Trust 2007-2, as Issuing Entity, American Home Mortgage Acceptance, Inc., as Sponsor, and Deutsche Bank National Trust Company, as Indenture Trustee, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(99.2) Servicing Agreement, dated as of April 20, 2007, among Wells Fargo Bank, N.A., as Master Servicer, American Home Mortgage Investment Trust 2007-2, as Issuing Entity, Deutsche Bank National Trust Company, as Indenture Trustee, American Home Mortgage Acceptance, Inc., as Sponsor, and American Home Mortgage Servicing, Inc., as Servicer, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(b) Not applicable.
(c) Omitted.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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 Securities LLC (Depositor)
/s/ Stephen A. Hozie Stephen A. Hozie, Executive Vice President (senior officer in charge of securitization of the depositor)
Date: March 27, 2008
Exhibit Index
Exhibit No.
(1.1) Underwriting Agreement, dated as of April 18, 2007, among American Home Mortgage Investment Securities LLC, as Company, American Home Mortgage Investment Corp., Bear, Stearns & Co. Inc., SG Americas Securities, LLC and BNP Paribas Securities Corp., originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(3.1) Amended and Restated Trust Agreement, dated as of April 20, 2007, among American Home Mortgage Securities LLC, as Depositor, Wilmington Trust Company, as Owner Trustee, and Wells Fargo Bank, N.A., as Securities Administrator, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(4.1) Indenture, dated as of April 20, 2007, between American Home Mortgage Investment Trust 2007-2, as Issuing Entity, Wells Fargo Bank, N.A., as Securities Administrator, and Deutsche Bank National Trust Company, as Indenture Trustee, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(31) Rule 13a-14(d)/15d-14(d) Certification.
(33) Reports on assessment of compliance with servicing criteria for asset-backed securities.
(34) Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
(35) Servicer compliance statement.
(99.1) Master Servicing Agreement, dated as of April 20, 2007, among Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator, American Home Mortgage Investment Trust 2007-2, as Issuing Entity, American Home Mortgage Acceptance, Inc., as Sponsor, and Deutsche Bank National Trust Company, as Indenture Trustee, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.
(99.2) Servicing Agreement, dated as of April 20, 2007, among Wells Fargo Bank, N.A., as Master Servicer, American Home Mortgage Investment Trust 2007-2, as Issuing Entity, Deutsche Bank National Trust Company, as Indenture Trustee, American Home Mortgage Acceptance, Inc., as Sponsor, and American Home Mortgage Servicing, Inc., as Servicer, originally filed on Form 8K on May 23, 2007 and incorporated by reference herein.