Eric Billings' House

CEO Friedman, Billings, Ramsey & Co., Inc. (FBR). "ERIC F. BILLINGS, age 55, is our Chairman and Chief Executive Officer. Since co-founding our company in 1989, he has continuously served as a director. He served as Vice Chairman and Chief Operating Officer from 1989 to 1999, and as Vice Chairman and Co-Chief Executive Officer from 1999 to April 2003, when he became Co-Chairman and Co-Chief Executive Officer. Mr. Billings was appointed Chairman and Chief Executive Officer on April 28, 2005. Mr. Billings also serves as Chairman and Chief Executive Officer of FBR Capital Markets Corporation, our publicly-traded, majority-owned subsidiary ("FBR Capital Markets"). Mr. Billings serves on the boards of Wish Friends, Inc., The Washington Scholarship Fund and Catholic Charities. Mr. Billings is the brother of Mr. Jonathan Billings, who is Head of Institutional Brokerage and an employee of Friedman, Billings, Ramsey & Co., Inc. ("FBR & Co."), an affiliate of our company and FBR Capital Markets."