FBR to Report First Quarter 2006 Results
Investors Able to Access Conference Call on Web Thursday, April 27, 2006
PRNewswire - First Call
Arlington, Virginia
NYSE: FBR

 ARLINGTON, Va., April 17 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) today announced that the company will release results for the first quarter of 2006 after the market close on Wednesday, April 26, 2006.

Investors wishing to listen to the earnings conference call at 9:00 a.m. U.S. EDT the next day, Thursday, April 27, 2006, may do so via the web at: http://phx.corporate-ir.net/phoenix.zhtml?c=71352&p=irol-irhome

Replays of the webcast will be available after the call.

Friedman, Billings, Ramsey Group, Inc. provides investment banking*, institutional brokerage*, asset management, and private client services through its operating subsidiaries and invests in mortgage-related assets and merchant banking opportunities. FBR focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, healthcare, insurance, real estate, and technology, media and telecommunications. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, Va., Boston, Dallas, Denver, Houston, Irvine, London, New York, Phoenix and San Francisco. Friedman, Billings, Ramsey Group, Inc. is the parent company of First NLC Financial Services, Inc., a non-conforming residential mortgage originator headquartered in Deerfield Beach, Florida. For more information, see http://www.fbr.com.

*Friedman, Billings, Ramsey & Co., Inc.

Statements concerning future performance, developments, events, market forecasts, revenues, expenses, earnings, run rates and any other guidance on present or future periods, constitute forward-looking statements that are subject to a number of factors, risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances. These factors include, but are not limited to, the effect of demand for public offerings, activity in the secondary securities markets, interest rates, costs of borrowing, interest spreads, mortgage pre-payment speeds, risks associated with merchant banking investments, the realization of gains and losses on principal investments, available technologies, competition for business and personnel, and general economic, political and market conditions. These and other risks are described in the company's Annual Report and Form 10-K and quarterly reports on Form 10-Q that are available from the company and from the SEC.

SOURCE  Friedman, Billings, Ramsey Group, Inc.
    -0-                             04/17/2006

For further information: Investors: Kurt R. Harrington, +1-703-312-9647, kharrington@fbr.com, or Media: Lauren M. Burk, +1-703-469-1004, lburk@fbr.com, both of Friedman, Billings, Ramsey Group, Inc./ /Web site: http://www.fbr.com / (FBR) CO: Friedman, Billings, Ramsey Group, Inc. ST: Virginia IN: FIN SU: CCA PT-PM -- DCM050 -- 0105 04/17/2006 16:42 EDT http://www.prnewswire.com