Exhibit 21.01
List of Subsidiaries of the Registrant
1. FBR TRS Holdings, Inc. – Virginia
2. FBR Asset Management Holdings, Inc. – Virginia
3. FBR Capital Markets Holdings, Inc. – Delaware
4. FBR Bancorp, Inc. – Delaware
5. Friedman, Billings, Ramsey & Co., Inc. – Delaware
6. Friedman, Billings, Ramsey International, Ltd. – England
7. FBR Investment Services, Inc. – Delaware
8. FBR Investment Management, Inc. – Delaware
9. FBR Fund Advisers, Inc. – Delaware
10. Money Management Advisers, Inc. – Delaware
11. FBR Securitization, Inc. – Delaware
12. MHC I, Inc. – Delaware
13. FNLC Financial Services, Inc. – Delaware
14. FBR Investments, LLC – Virginia
15. First NLC Securitization, Inc. – Delaware
16. First NLC Financial Services, Inc. – Delaware
17. NLC Finance I, LLC – Delaware
18. NLC Finance II, LLC – Delaware
19. First NLC Financial Services, LLC – Florida
20. First NLC, Inc. – Minnesota
21. NLC, Inc. – Tennessee
22. FNLC Trust Investments, LLC – Delaware
23. NLC Funding I, LLC – Delaware
24. NLC Funding II, LLC – Delaware
25. FBR Trust Investments, LLC – Delaware
26. FBR NIM Investments, LLC – Delaware
27. FBRC, Ltd. – Cayman Islands
28. FBR CCP, Ltd. – Cayman Islands
