COLUMBIA, Md., Nov. 21 /PRNewswire-FirstCall/ -- Fieldstone Investment Corporation (NASDAQ:FICC) announced today that Michael J. Sonnenfeld, its President and Chief Executive Officer, will be presenting at the FBR 2006 Investor Conference on Tuesday, November 28, 2006 beginning at 10:55 a.m. (ET) at the Grand Hyatt New York, Park Avenue at Grand Central Terminal, New York, New York. The presentation will be webcast simultaneously and can be accessed by visiting the Press Room page of 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 Mr. Sonnenfeld's presentation. The written material will be available on Fieldstone's website on the Press Room page prior to the presentation. The webcast will also be archived on Fieldstone's website following the presentation and will be available for at least 30 days following the event. 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, Director of Investor Relations of Fieldstone Investment Corporation, +1-410-772-5160, or Toll-Free, +1-866-438-1088, or Web site: http://www.fieldstoneinvestment.com/

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