0000950117-06-002147 Sample Contracts

SUBSEQUENT TRANSFER AGREEMENT
Subsequent Transfer Agreement • May 10th, 2006 • Fieldstone Mortgage Investment CORP • Asset-backed securities • New York

SUBSEQUENT TRANSFER AGREEMENT (the “Agreement”), dated as of April 26, 2006, by and among Fieldstone Investment Corporation (the “Seller”), Fieldstone Mortgage Investment Corporation (the “Depositor)”, Fieldstone Mortgage Investment Trust, Series 2006-1 (the “Trust”), HSBC Bank USA, National Association (the “Indenture Trustee”) and Wells Fargo Bank, N.A. (the “Trust Administrator”) pursuant to the Transfer and Servicing Agreement referred to below.

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