Number of Early Terminations

Granted Between 01/06/03 12:00:00 AM and 01/06/03 11:59:00 PM: 2

Transaction Number: 20030221
Early Termination Date: 01/06/2003
Acquiring Person: Friedman, Billings, Ramsey Group, Inc.
Acquired Person: FBR Asset Investment Corporation
Acquired Entity: FBR Asset Investment Corporation

Transaction Number: 20030222
Early Termination Date: 01/06/2003
Acquiring Person: FBR Asset Investment Corporation
Acquired Person: Friedman, Billings, Ramsey Group, Inc.
Acquired Entity: Friedman, Billings, Ramsey Group, Inc.