<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 5 OMB APPROVAL
-----------------------------
[_] Check this box if no longer OMB NUMBER: 3235-0362
subject to Section 16. Form 4 Expires: SEPTEMBER 30, 1998
or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response ...... 1.0
-----------------------------
[_] Form 3 Holdings Reported
[X] Form 4 Transactions Reported
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Mohammed A. Al-Tuwaijri
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
1593 Spring Hill Road, #400
- --------------------------------------------------------------------------------
(Street)
Vienna, VA 22182
- --------------------------------------------------------------------------------
(City) (State) (Zip)
- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
The WMF Group, Ltd. (WMFG)
- --------------------------------------------------------------------------------
3. IRS Number of Reporting Person (Voluntary)
- --------------------------------------------------------------------------------
4. Statement for Month/Year
December, 1998
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
- --------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
----- ------
Officer (give Other (Specify
----- title below) ------ below)
-------------------------------------
- --------------------------------------------------------------------------------
7. Individual or Joint/Group Reporting
(Check all applicable)
X Form Filed by one Reporting Person
- ---
Form Filed by More than one Reporting Person
- ---
- --------------------------------------------------------------------------------
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3, 4 and 5) Owned at End (D) or Ownership
(Month/ -------------------------- Of Issuer's Indirect (Instr. 4)
Day/ Amount (A) or Price Fiscal Year (I)
Year) (D) (Instr. 3 and 4) (Instr. 4)
- -------------------------- ---------- ------------ -------- ------ ------ ---------------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
- -------------------------- ---------- ------------ -------- ------ ------ -------------- ------------ -------------
</TABLE>
*If the Form is filed by more than one reporting person, see instruction
4(b)(v).
(Print or Type Responses)
(Over)
SEC 2270 (9/96)
<PAGE>
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month/Day/ (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month/Day/
Security Year)
-------------------------- -------------------
(A) (D) Date Expiration
Exer- Date
cisable
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Non-employee director options
(right to buy) $6.00 12/31/98 A 5,000 6/30/99 12/31/08
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
- ------------------------------- -------------- -------------- --------------- ------------ ----------- -------- ----------
</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership of 11. Nature of
Underlying Securities Security (Instr. 5) Securities Beneficially Derivative Security: Indirect Beneficial
(Instr. 3 AND 4) Owned at End of Year Direct (D) or Ownership (Instr. 4)
(Instr. 4) Indirect (I) (Instr. 4)
- ------------------------
Title Amount or
Number of
Shares
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
<S> <C> <C> <C> <C> <C>
Common Stock 5,000 (1) 5,000 D
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
- ------------ ---------- ---------------------- -------------------------- --------------------------- ------------------------
</TABLE>
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Mohammed A. Al-Tuwaijri February 4, 1999
_______________________________ ________________
**Signature of Reporting Person Date
Mohammed A. Al-Tuwaijri
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Page 2 of 3
SEC 2270 (9/96)
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Name and Address of Reporting Person Issuer Name and Ticker or Trading Symbol Statement for Month/Year
<S> <C> <C>
Mohammed A. Al-Tuwaijri The WMF Group, Ltd. (WMFG) December, 1998
- ----------------------------------------------------------------------------------------------------------------------------------
1. The WMF Group, Ltd. (the "Company") granted Mr. Al-Tuwaijri 5,000 options as consideration for his services as a non-employee
director of the Company.
</TABLE>
