FORM 8-K
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE
ACT OF 1934

Date of Report (date of earliest event reported):  July 21, 1999


                    Friedman, Billings, Ramsey Group, Inc.
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            (Exact name of Registrant as specified in its charter)


Virginia                          001-13731            54-1837743
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(State or other jurisdiction      (Commission          (IRS Employer
of incorporation)                 File Number)         Identification No.)


               1001 Nineteenth Street, North Arlington, VA 22209
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              (Address of principal executive offices) (Zip code)


                                (703) 469-1000
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              (Registrant's telephone number including area code)


Item 5. Other Events

1.  On July 21, 1999, Friedman, Billings, Ramsey Group, Inc. issued a press
release reporting its second quarter 1999 results. The entire text of the press
release is being filed herewith and attached as exhibit 99.1.

2.  On July 21, 1999, Friedman, Billings, Ramsey Group, Inc. held a conference
call regarding its second quarter 1999 results. The text of that conference call
as posted to Friedman, Billings, Ramsey Group, Inc.'s web-site www.fbrcorp.com
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is being filed herewith and attached as exhibit 99.2.

99.1 Press Release dated July 21, 1999.

                                   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.

                                        By: /s/ Emanuel J. Friedman
                                        Chief Executive Officer

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