Friedman, Billings, Ramsey Group Inc.

Public Company, Headquarters Location
1001 19th St. N, Arlington, VA 22209-1722, United States
(877)370-4413, (703)373-0680 fax, http://www.arlingtonasset.com

Primary SIC: Real Estate Investment Trusts, Primary NAICS: Real Estate Investment Trusts
Description: Finance: Friedman, Billings, Ramsey Group Inc. is a Virginia corporation headquartered in Arlington, Va. The company is publicly traded on the New York Stock Exchange. On February 23, 2009, the company announced it has begun doing business under the name "Arlington Asset Investment Corporation" and will seek shareholder approval of the name change at the next annual meeting of shareholders. The company invests on a leveraged basis in residential mortgage-backed securities (MBS), either issued by a U.S. Government agency, or guaranteed as to principal and interest by U.S. Government agencies or U.S. Government-sponsored entities (agency-backed MBS). The company also invests in both MBS issued by private organizations and net interest margin securities and it makes merchant banking investments. As of December 31, 2008, the company beneficially owned 57 percent of the outstanding shares of common stock of FBR Capital Markets Corporation, a publicly-traded holding company on the Nasdaq with subsidiaries that conduct capital markets (investment banking and institutional brokerage), asset management and merchant banking businesses.Finance: Investment banking firm, and securities broker.