Friedman, Billings, Ramsey Group Inc. / FBR
About Friedman, Billings, Ramsey Group Inc.
1001 N. 19th St., Arlington, Va. 22209
www.fbr.com
| 703-312-9500
| Founded: 1989
Industry: Financial Services | Category: Public Companies
Friedman, Billings, Ramsey Group, Washington's home-grown investment bank, struggled over the past year, squeezed by the credit crunch. FBR bet $550 million on the subprime mortgage market a few years ago but saw most of that investment disappear. It liquidated a mortgage originator it had acquired that subsequently struggled. FBR, which is set up as a real estate investment trust for tax purposes, also spun out its better-performing investment bank, FBR Capital Markets.
Chairman and CEO: Eric F. Billings
President and COO: J. Rock Tonkel Jr.
2007 Financial Data
Total employees: None | Local employees: NoneDid You Know
TEEING OFF: FBR's sponsorship of the former Phoenix Open � one of the oldest, biggest events on the PGA tour � was extended this year and is now good through 2012.
