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                                    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):  June 27, 2001


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




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



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


                                (703) 312-9500
              (Registrant's telephone number including area code)



Item 9.

1.      On June 27, 2001, Friedman,  Billings, Ramsey Group, Inc. ("FBR") issued
a press release  announcing that 50 of its top  professionals  and officers have
purchased more than 4.2 million  shares of existing FBR stock. FBR  acquired the
stock sold to employees from W. Russell Ramsey, President and Co-Chief Executive
Officer.  A copy of the  press  release is furnished herewith as Exhibit 99.1.


        The following Exhibit is furnished as part of this report:

        99.1  Press release dated June 27, 2001.


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
Chairman and Co-Chief Executive Officer