FICC Fieldstone Investment Corp (MM)

COLUMBIA, Md., May 16 /PRNewswire-FirstCall/ -- Fieldstone Investment Corporation (NASDAQ:FICC) announced today that it has posted the text of presentation materials titled "Review of Business Strategy and Results - First Quarter" on its web site, http://www.fieldstoneinvestment.com/, under "Most Recent Presentations". The presentation materials were prepared to be used by Company management, including its President and Chief Executive Officer, in presentations with various members of the financial and investment community, from time to time, including at the upcoming Bear Stearns Mortgage Finance & Housing Markets Conference on May 18, 2006 at Bear Stearns World Headquarters, 383 Madison Avenue, New York, New York and the Fox-Pitt, Kelton Mortgage Finance Conference on May 23, 2006 at the Ritz-Carlton, Half Moon Bay, California. The information contained in the presentation speaks as of its posting date. Information Regarding Forward-Looking Statements Certain matters discussed in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws. These statements are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond Fieldstone's ability to control or predict, including but not limited to (i) Fieldstone's ability to successfully implement or change aspects of its portfolio strategy; (ii) interest rate volatility and the level of interest rates generally; (iii) the sustainability of loan origination volumes and levels of origination costs; (iv) continued availability of credit facilities for the liquidity we need to support our origination of mortgage loans; (v) the ability to sell or securitize mortgage loans on favorable economic terms; (vi) deterioration in the credit quality of Fieldstone's loan portfolio; (vii) the nature and amount of competition; (viii) the impact of changes to the fair value of Fieldstone's interest rate swaps on its net income, which will vary based upon changes in interest rates and could cause net income to vary significantly from quarter to quarter; and (ix) other risks and uncertainties outlined in Fieldstone Investment Corporation's periodic reports filed with the Securities and Exchange Commission. These statements are made as of the date of this press release, and Fieldstone undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 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, Fieldstone Investment Corporation, +1-410-772-5160, Toll-free: 1-866-438-1088, Web site: http://www.fieldstoneinvestment.com/

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