8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): October 9, 2008

FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.

(Exact name of Registrant as specified in its charter)

Virginia	54-1873198	000-50230
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)	(Commission File Number)

1001 Nineteenth Street North

Arlington, VA 22209

(Address of principal executive offices) (Zip code)

(703) 312-9500

(Registrant’s telephone number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

On October 9, 2008, Friedman, Billings, Ramsey Group, Inc. (the “Company”) issued a press release announcing that the Company has resolved the status of the agency mortgage security with a face amount of $250 million held under a repurchase agreement maintained with Lehman Brothers, Inc., referenced in the Company’s press release on October 3, 2008. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 – Press release issued by Friedman, Billings, Ramsey Group, Inc. on October 9, 2008.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	FRIEDMAN, BILLINGS, RAMSEY GROUP, INC.
Date: October 9, 2008	By:	/s/    J. Rock Tonkel, Jr.
		J. Rock Tonkel, Jr. President and Chief Operating Officer

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EX-99.1

Exhibit 99.1

Contacts:

Media: 703.469.1004 or media@fbr.com

Investors: Kurt Harrington at 703.469.1080 or ir@fbr.com

FBR Group, Inc. Resolves Status of Agency Mortgage Security

ARLINGTON, VA, October 9, 2008 – Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) (FBR Group) issued the following statement this morning:

Friedman, Billings, Ramsey Group, Inc. (FBR Group) (NYSE: FBR) has resolved the status of the agency mortgage security under a repurchase agreement with Lehman Brothers, Inc. which was referenced in FBR Group’s press release on Friday, October 3, 2008. FBR Group believes that the costs it will incur in association with the resolution of the matter will be no more than approximately $4 million.

Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) invests in mortgage-related assets, merchant banking opportunities and is the majority owner of FBR Capital Market Corporation, a separate publicly traded company. FBR Group is headquartered in the Washington, D.C. metropolitan area. For more information, please visit http://www.fbr.com.