NEW YORK-American Home Mortgage Holdings Inc., said it has agreed to acquire First Home Mortgage Corp. of Chicago in a deal worth more than $7 million.American Home originates mortgages through its Web site,, and other sites, including Microsoft's Home Advisor, E-Loan, and Consumer Financial Network.

The New York company said Tuesday that it would pay about 490,000 shares of its common stock and $3.6 million in cash for privately held First Home.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.