UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


       Date of report (Date of earliest event reported): November 2, 2006
                                                         ----------------

                      AMERICAN MORTGAGE ACCEPTANCE COMPANY
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                  MASSACHUSETTS
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

        0-23972                                           13-6972380
--------------------------------------------------------------------------------
(Commission File Number)                       (IRS Employer Identification No.)

          625 MADISON AVENUE
          NEW YORK, NEW YORK                                        10022
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                          (Zip Code)

                                 (212) 317-5700
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2. below):

     [ ] Written  communications  pursuant to Rule 425 under the  Securities Act
(17 CFR 230.425)

     [ ] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     [ ]  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))

     [ ]  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))

--------------------------------------------------------------------------------


<PAGE>


ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

     On  November  2,  2006,   American   Mortgage   Acceptance   Company   (the
"Registrant") completed the sale of twenty Federal National Mortgage Association
securities,  as previously  reported in its 8-K filed on November 2, 2006. While
this sale is not a  disposition  of a  significant  portion of the  Registrant's
assets,  as defined by Rule 11-01 of Regulation  S-X,  such sale,  when combined
with the sale by the Registrant of the Reserve at Autumn Creek Property ("Autumn
Creek")  (described  below),  qualifies as a significant real estate disposition
and requires the Registrant to report such dispositions and to provide pro forma
financial  information.  On October 24, 2006, the  Registrant  sold Autumn Creek
from  its  real  estate  owned  portfolio  for  $18.1  million.  The  pro  forma
information in connection to these sales is reported below under section (a) and
(b) of Item 9.01.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(a)(b) Pro Forma Financial Information.

     The  unaudited pro forma  condensed  balance sheet of Registrant as of June
30, 2006,  and the  unaudited  pro forma  condensed  statements of operations of
Registrant  for the year ended  December 31, 2005,  and for the six months ended
June 30, 2006,  giving effect to the  dispositions  of certain  investments  are
being filed as Exhibit 99.1 to this Form 8-K (and are included herein).

(C) EXHIBITS


EXHIBIT NO.                     DESCRIPTION OF EXHIBIT
--------------------------------------------------------------------------------

99.1      Unaudited  pro  forma  condensed   balance  sheet  American   Mortgage
          Acceptance  Company  as of June 30,  2006,  and  unaudited  pro  forma
          condensed  statements of operations  of American  Mortgage  Acceptance
          Company for the year ended  December 31, 2005,  and for the six months
          ended June 30, 2006.


<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 hereunto duly authorized.



                                            American Mortgage Acceptance Company
                                            (Registrant)



November 8, 2006                            By:    /s/ Alan P. Hirmes
                                                   -----------------
                                            Name:  Alan P. Hirmes
                                            Title: Chief Financial Officer
[{"type": "8-K", "sequence": "1", "filename": "f8k_sept2006-amac.txt", "description": "AMAC 8-K SEPTEMBER 2006", "secsgml_size_bytes": 5175}]
{"company-data": {"conformed-name": "AMERICAN MORTGAGE ACCEPTANCE CO", "cik": "0000878774", "assigned-sic": "6798", "irs-number": "136972380", "state-of-incorporation": "MA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14583", "film-number": "061198352"}, "business-address": {"street1": "625 MADISON AVE", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2124215333"}, "mail-address": {"street1": "625 MADISON AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10022"}, "former-company": {"former-conformed-name": "AMERICAN MORTGAGE INVESTORS TRUST", "date-changed": "19931013"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported): November 2, 2006
                                                         ----------------

                      AMERICAN MORTGAGE ACCEPTANCE COMPANY
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                  MASSACHUSETTS
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

        0-23972                                           13-6972380
--------------------------------------------------------------------------------
(Commission File Number)                       (IRS Employer Identification No.)

          625 MADISON AVENUE
          NEW YORK, NEW YORK                                        10022
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                          (Zip Code)

                                 (212) 317-5700
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2. below):

     [ ] Written  communications  pursuant to Rule 425 under the  Securities Act
(17 CFR 230.425)

     [ ] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     [ ]  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))

     [ ]  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))

--------------------------------------------------------------------------------
ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

     On  November  2,  2006,   American   Mortgage   Acceptance   Company   (the
"Registrant") completed the sale of twenty Federal National Mortgage Association
securities,  as previously  reported in its 8-K filed on November 2, 2006. While
this sale is not a  disposition  of a  significant  portion of the  Registrant's
assets,  as defined by Rule 11-01 of Regulation  S-X,  such sale,  when combined
with the sale by the Registrant of the Reserve at Autumn Creek Property ("Autumn
Creek")  (described  below),  qualifies as a significant real estate disposition
and requires the Registrant to report such dispositions and to provide pro forma
financial  information.  On October 24, 2006, the  Registrant  sold Autumn Creek
from  its  real  estate  owned  portfolio  for  $18.1  million.  The  pro  forma
information in connection to these sales is reported below under section (a) and
(b) of Item 9.01.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(a)(b) Pro Forma Financial Information.

     The  unaudited pro forma  condensed  balance sheet of Registrant as of June
30, 2006,  and the  unaudited  pro forma  condensed  statements of operations of
Registrant  for the year ended  December 31, 2005,  and for the six months ended
June 30, 2006,  giving effect to the  dispositions  of certain  investments  are
being filed as Exhibit 99.1 to this Form 8-K (and are included herein).

(C) EXHIBITS

EXHIBIT NO.                     DESCRIPTION OF EXHIBIT
--------------------------------------------------------------------------------

99.1      Unaudited  pro  forma  condensed   balance  sheet  American   Mortgage
          Acceptance  Company  as of June 30,  2006,  and  unaudited  pro  forma
          condensed  statements of operations  of American  Mortgage  Acceptance
          Company for the year ended  December 31, 2005,  and for the six months
          ended June 30, 2006.
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 hereunto duly authorized.

                                            American Mortgage Acceptance Company
                                            (Registrant)

November 8, 2006                            By:    /s/ Alan P. Hirmes
                                                   -----------------
                                            Name:  Alan P. Hirmes
                                            Title: Chief Financial Officer