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): September 10, 2003


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




   Virginia                      32-0045263                     0-50230
(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 5. Other Events and Regulation FD Disclosure


1.   On September 10, 2003,  Friedman,  Billings,  Ramsey Group,  Inc.  issued a
     press  release  announcing  that its  Board of  Directors  has  declared  a
     dividend of $0.34 per share for the third  quarter.  A complete copy of the
     press release is furnished herewith as Ex. 99.1.




     Ex. 99.1: Press Release Dated September 10, 2003.




                                   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
        Emanuel J. Friedman
        Co-Chairman and Co-Chief Executive Officer