Fieldstone Investment Corporation Announces Dates for First Quarter 2006 Earnings Release and Conference Call and Its President

COLUMBIA, Md., May 9  /PRNewswire-FirstCall/ -- Fieldstone Investment Corporation (NASDAQ:FICC) announced today that it will report first quarter 2006 financial results on Thursday, May 11, 2006 after the U.S. markets have closed.  Fieldstone will hold a conference call on Friday, May 12, 2006 at 10:00 a.m. Eastern Time to discuss its first quarter 2006 financial results.

The conference call may be accessed by dialing 800-475-3716 (domestic) or 719-457-2728 (international).  Please dial in at least 10 minutes prior to the start of the call.  The conference call will also be webcast live on the Internet at http://www.fieldstoneinvestment.com/.  Interested participants should go to the Fieldstone website at least 15 minutes prior to the start of the call, select the "Press Room" tab, choose "Live Webcast of First Quarter 2006 Earnings Call" and follow the related instructions.  A replay of the conference call will be available on Fieldstone's website at http://www.fieldstoneinvestment.com/ shortly after the conclusion of the call on May 12, 2006 and will be archived on Fieldstone's website for a minimum of 30 days following the conference call.

Bear Stearns Mortgage Finance & Housing Markets Conference

Fieldstone Investment Corporation announced today that Mr. Michael J. Sonnenfeld, its President and Chief Executive Officer, will be speaking on the panel titled "Outlook and Opportunities in the Subprime Origination Market" at the Bear Stearns Mortgage Finance & Housing Markets Conference to be held on Thursday, May 18, 2006 from 11:00 a.m. - 12:00 p.m. (ET) at Bear Stearns World Headquarters, 383 Madison Avenue, New York, New York.  The panel discussion will be webcast simultaneously and can be accessed by visiting Fieldstone's website at http://www.fieldstoneinvestment.com/.  It is recommended that persons who wish to listen to the live audio webcast should access the webcast at least 15 minutes prior to the start of the panel discussion.

About Fieldstone Investment Corporation

Fieldstone Investment Corporation owns and manages a portfolio of non-conforming mortgage loans originated primarily by its mortgage origination subsidiary, Fieldstone Mortgage Company, and has elected to be a real estate investment trust for federal income tax purposes.  Founded in 1995, Fieldstone Mortgage Company is a nationwide residential mortgage banking company that originates non-conforming and conforming residential mortgage loans through over 4,300 independent mortgage brokers serviced by regional wholesale operations centers and a network of retail branch offices located throughout the country.  Fieldstone is headquartered in Columbia, Maryland.

To find out more about Fieldstone, please visit http://www.fieldstoneinvestment.com/. 

DATASOURCE: Fieldstone Investment Corporation



CONTACT:  Investor Relations of Fieldstone Investment Corporation,

[phone], or Toll-free: 1-866-438-1088,





Web site:  http://www.fieldstoneinvestment.com/ 

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