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): February 6, 2007

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 5.02 (c).    Appointment of Principal Officers.

      On February 6, 2007,  Friedman, Billings, Ramsey Group, Inc.  ("FBR" or the "Company") appointed J. Rock Tonkel, Jr., previously President and Head of Investment Banking, as President and Chief Operating Officer of FBR, where he will oversee the Company's principal investment portfolio and First NLC subsidiary. Richard J. Hendrix, previously President and Chief Operating Officer of FBR, will be responsible, as President and Chief Operating Officer of the Company's FBR Capital Markets Corporation subsidiary ("FBR Capital Markets"), for FBR's investment banking, institutional brokerage, research, and asset management businesses. Mr. Hendrix and Mr. Tonkel will continue to report to Eric F. Billings, Chairman and Chief Executive Officer of both FBR and FBR Capital Markets and, together with Mr. Billings, both will continue to be members of FBR's Office of the Chief Executive. Mr. Tonkel will remain an executive officer of FBR Capital Markets and Mr. Hendrix will remain an executive officer of FBR. A copy of the press release announcing these appointments is furnished herewith and attached as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits.

EXHIBIT

 99.1      Friedman, Billings, Ramsey Group, Inc. Press Release dated February 8, 2007.

  

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.
February 12, 2007	By:	/s/ Eric F. Billings
		Eric F. Billings      Chairman and Chief Executive Officer

EX-99.1

Contacts:
Media: Lauren Burk at 703-469-1004 or lburk@fbr.com
Investors: Paul Beattie at 703-312-9673 or pbeattie@fbr.com

      FBR Announces Alignment of Senior Management Responsibilities to New Organizational Structure

ARLINGTON, VA, February 08, 2007 – Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) (“FBR Group” or “the Company”) today announced that it has aligned the structure and responsibilities of its senior management team to reflect its new corporate structure. In June 2006, FBR Group formed a subsidiary, FBR Capital Markets Corporation (“FBR Capital Markets”), comprised of FBR’s investment banking, institutional brokerage, research and asset management operations. FBR Group owns approximately 72% of FBR Capital Markets.

As part of the new management structure, J. Rock Tonkel, Jr., currently President and Head of Investment Banking, will become President and Chief Operating Officer of FBR Group, where he will oversee the Company’s principal investment portfolio and First NLC subsidiary. Richard J. Hendrix, currently President and Chief Operating Officer of FBR Group, will become President and COO of FBR Capital Markets, where he will be responsible for FBR’s investment banking, institutional brokerage, research, and asset management businesses. Mr. Hendrix and Mr. Tonkel will continue to report to Eric F. Billings, Chairman and Chief Executive Officer of FBR Group and FBR Capital Markets and both will remain executive officers of both companies.

FBR Capital Markets also announced today that Patrick J. Keeley and James C. Neuhauser have been promoted to Executive Vice Presidents and Co-Heads of Investment Banking. Members of the company’s Executive Committee, Mr. Neuhauser and Mr. Keeley are industry veterans and have been instrumental in the success of FBR’s expanding investment banking franchise.

Mr. Billings said, “The management structure we are announcing today is reflective of our new corporate structure, specifically the sale of shares of FBR Capital Markets to institutional investors which created two separate public companies last summer. This will enhance our focus and provide a more clear division of responsibilities as FBR Capital Markets begins to report its results separately and focuses on executing its strategic plan.”

Friedman, Billings, Ramsey Group, Inc. provides investment banking*, institutional brokerage*, asset management, and private wealth services through its operating subsidiaries and invests in mortgage-related assets and merchant banking opportunities. FBR focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, healthcare, insurance, real estate, and technology, media and telecommunications. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA, Boston, Dallas, Houston, Irvine, London, New York, Phoenix and San Francisco. Friedman, Billings, Ramsey Group, Inc. is the parent company of First NLC Financial Services, Inc., a non-conforming residential mortgage originator headquartered in Deerfield Beach, Florida. For more information, see www.fbr.com.

*Friedman, Billings, Ramsey & Co., Inc.

Forward-looking Statements

This press release contains forward-looking statements, including forward- looking statements by Messr. Eric Billings. All statements contained in this press release, which are not historical fact, may be considered forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from these forward-looking statements as a result of the risk factors described in the Company’s filings with the Securities and Exchange Commission, on forms 10-K and 10-Q. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will in fact transpire. These forward-looking statements represent the Company’s judgment only as of the date of this press release. The Company does not have any intention or obligation to update these forward-looking statements.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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