Fieldstone Investment Corporation Announces Quarterly Dividend

COLUMBIA, Md., Sept. 15  /PRNewswire-FirstCall/ -- Fieldstone Investment Corporation (NASDAQ:FICC) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share for the quarter ended September 30, 2006. The dividend will be paid on October 27, 2006 to stockholders of record at the close of business on September 29, 2006. The common stock will begin trading ex-dividend on September 27, 2006.

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 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:  Mark C. Krebs, Investor Relations, 410-772-5160, Toll-Free:

866-438-1088, 



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

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