SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For Quarter Ended                                 Commission File Number
-----------------                                 ----------------------
October 31, 2000                                         000-30999



                               FAYBER GROUP, INC.
                       ----------------------------------
             (Exact name of registrant as specified in its charter)


            Nevada                                       85-1542260
--------------------------------                        -------------------
     (State of incorporation)                           (I.R.S. Employer
                                                        Identification No.)

                   234 Columbine, Suite 300B, Denver, CO 80206
            ---------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:  (303) 422-8127


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2)  has  been  subject  to the  filing
requirements for at least the past 90 days.

                                  Yes  X       No
                                     -----        ------
Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                 18,675,000 common shares as of October 31, 2000

<PAGE>

I.  FINANCIAL STATEMENTS

<TABLE>
<CAPTION>


                                FAYBER GROUP INC
                           Consolidated Balance Sheet
                                   (Unaudited)
<S>                                                                                <C>                       <C>
                                                                              October                    Inception 4/17/00
                                                                              31, 2000                   to April 30, 2000
                                                                              --------                   -----------------

ASSETS

Current Assets
     Cash & Cash Equivalents                                                        $ 103                    $ 1,500

Property, Plant and Equipment
     Plant and Plant Equipment                                                          -
     Equipment
     Land
     Buildings                                                                          -
                                                                                        -
                                                                                                      ---------------
                                                                                        -                          -
     Less Accumulated Depreciation                                                      -                          -
                                                                                       --                          -
          Net Fixed Assets                                                              -                          -

TOTAL ASSETS                                                                        $ 103                    $ 1,500
                                                                           ===============            ===============


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts Payable                                                                 $ -                      $ 307
     Accrued Expenses                                                                                              -
     Note Payable - Stockholder                                                                                    -
     Current Portion of Long-Term Debt                                                                             -
                                                                                                                   -
          Total Current Liabilities                                                     -                        307

Long Term Liabilities
     Notes Payable

Total Liabilities                                                                       -                          -


Stockholders' Equity
     Preferred stock, $0.0001 par value; 25,000,000 shares authorized;
     no shares issued and outstanding
     Common Stock. $0.0001 par value, 75,000,000 shares authorized;
     18,675,000 shares issued and outstanding                                        1868                      1,868

     Additional paid-in capital                                                                                    -
     Retained Deficit                                                              (1,765)                      (675)
                                                                                   -------                     -----
TOTAL STOCKHOLDERS' DEFICIT                                                           103                      1,193
                                                                                     ----                      -----

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                         $ 103                    $ 1,500
                                                                           ===============            ===============

</TABLE>

                             SEE ACCOMPANYING NOTES

                                      F-1

<PAGE>

<TABLE>
<CAPTION>



                                FAYBER GROUP INC
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      For the Six Months ended October 31,
                                   (Unaudited)

<S>                                                               <C>                                <C>

                                                                   2000                        1999
                                                                   ----                        ----
REVENUES
     Gain/Loss on Sale of Assets                                                                       -
     Consulting Fees
     Misc Income
     Cost of Sales
                                                              ---------------             ---------------

Gross Profit                                                               -                           -

EXPENSES
     Interest                                                              -                           -
     Office Expense                                                        -                           -
     Professional Fees                                                     -                           -
     Telephone & Utilities                                                 -                           -
                                                                          --                           -
Total Operating Expenses                                                   -                           -

NET INCOME (LOSS)                                                   $ (1,765)                        $ -
                                                              ===============             ===============

Profit (Loss) per common share                                         (0.00)

Weighted average number of shares outstanding                     18,675,000

</TABLE>


                             SEE ACCOMPANYING NOTES

                                      F-2


<PAGE>

<TABLE>
<CAPTION>



                                FAYBER GROUP INC
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      For the Six Months ended October 31,
                                   (Unaudited)

<S>                                                               <C>                                <C>

                                                                   2000                        1999
                                                                   ----                        ----
REVENUES
     Gain/Loss on Sale of Assets                                                                       -
     Consulting Fees
     Misc Income
     Cost of Sales
                                                              ---------------             ---------------

Gross Profit                                                               -                           -

EXPENSES
     Interest                                                              -                           -
     Office Expense                                                       90                           -
     Professional Fees                                                 1,675                           -
     Telephone & Utilities                                                 -                           -
                                                                          --                           -
Total Operating Expenses                                               1,765                           -

NET INCOME (LOSS)                                                   $ (1,765)                        $ -
                                                              ===============             ===============

Profit (Loss) per common share                                         (0.00)

Weighted average number of shares outstanding                     18,675,000

</TABLE>


                             SEE ACCOMPANYING NOTES

                                      F-2

<PAGE>

<TABLE>
<CAPTION>


                               FAYBER GROUP, INC.
                      Consolidated Statement of Cash Flows
                                   (Unaudited)

<S>                                                                <C>                          <C>

                                                                  Six Months Ended         Inception (4/17/00)
                                                                  October 31, 2000         to October 31, 2000
                                                                  ----------------         -------------------
Cash Flows from Operating Activities:
     Net Profit (Loss)                                             $(1,765)                     $ -
     Depreciation
     Non cash expenses                                                 368
     (Decrease) Increase in Accounts Payable                                                      -
     (Decrease) Increase in Accrued Expenses
     (Increase) Decrease in Other Assets
     (Increase) Decrease in Accounts Receivable
                                                              -------------            -------------

Net Cash Flows Used for Operating Activities                        (1,398)                       -

Cash Flows from Investing Activities
     (Purchase) Sale of Fixed Assets                                                              -
     (Purchase) Sale of Note Receivable
     (Purchase) Sale of Investment
                                                              -------------            -------------

Net Cash (Used by) From Investing Activities                             -                        -

Cash Flows from Financing Activities
     Increase (Decrease) in Note Payable                                                          -
     Sale of Common Stock                                                -                        -
     Sale of Treasury Stock                                              -
                                                              -------------            -------------

Total Cash from (Used by) Financing Activities                           -                        -

Increase (Decrease) in Cash                                         (1,398)                       -
                                                                                                  -
                                                              -------------

Cash and Cash Equivalents - Beginning of Period                      1,500                        -
                                                                                                  -
                                                              -------------

Cash and Cash Equivalents - end of Period                              103                        -
                                                              =============            =============

</TABLE>


Common stock in the amount of 3,675,000 shares were issued in exchange for legal
services rendered during the period.


                             SEE ACCOMPANYING NOTES

                                      F-3


<PAGE>

<TABLE>
<CAPTION>


                                FAYBER GROUP INC
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                October 31, 2000

<S>                                             <C>                   <C>                    <C>                           <C>

                                                    Common Stock                Additional                            Total
                                                                                Paid - In         Accumulated     Stockholder's
                                            # of Shares         Amount           Capital            Deficit           Equity
                                         -----------------------------------------------------------------------------------------

Issuance of Common Stock
   for cash and services rendered               18,675,000            1,868                  -                              1,868

October 31, 2000 Net Loss                                                                                 (1,765)          (1,765)
                                         -----------------------------------------------------------------------------------------

Balances at October 31, 2000                    18,675,000             1868                  -            (1,765)             103
                                         =========================================================================================

</TABLE>


                             SEE ACCOMPANYING NOTES

                                      F-4

<PAGE>

                               Fayber Group, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                October 31, 2000



1.  Summary of Significant Accounting Policies

    Development Stage Company

    Fayber  Group,  Inc. (a  development  stage  company)  (the  "Company")  was
    incorporated  under the laws of the State of Nevada on April 17,  2000.  The
    principal office of the  corporation  is 234 Columbine,  Suite 300B, Denver,
    Colorado 80206.

    The  Company  was  formed  as  a  holding   company  for   mortgage   broker
    subsidiaries,  which it plans to acquire in the  future.  The Company has no
    operations  of mortgage  broker  businesses  as of the date of the financial
    statements.  The Company's  current  business plan is to seek,  investigate,
    and, if warranted,  acquire one or more mortgage broker  businesses,  and to
    pursue other related activities  intended to enhance  shareholder value. The
    acquisition  of a  business  opportunity  may be made by  purchase,  merger,
    exchange of stock,  or  otherwise,  and may  encompass  assets or a business
    entity, such as a corporation,  joint venture,  or partnership.  The Company
    has limited  capital,  and it is unlikely  that the Company  will be able to
    take advantage of possible purchases which require cash. The Company intends
    to seek  opportunities  demonstrating  the potential of profitable long term
    revenues.

    Accounting Method

    The Company records income and expenses on the accrual method.

    Fiscal Year

    The board of directors has established the fiscal year of the corporation
    ending April 30.

    Loss per Share

    Loss per share was  computed  using the  weighted  average  number of shares
    outstanding during the period.  Shares issued to insiders in anticipation of
    a public offering have been accounted for as outstanding since inception.

    Financial Instruments

    Unless  otherwise  indicated,  the fair  value of all  reported  assets  and
    liabilities that represent financial instruments (none of which are held for
    trading purposes) approximate the carrying values of such amount.

    Organization Costs

    Costs to incorporate the Company were expensed as incurred.

    Statement of Cash Flows

    For  purposes of the  statement  of cash flows,  the Company  considers  all
    highly liquid debt instruments  purchased with an original maturity of three
    months or less to be cash equivalents.

    Use of Estimates

    The  preparation of the Company's  financial  statements in conformity  with
    generally accepted accounting  principles requires the Company's  management
    to make estimates and assumptions  that effect the amounts reported in these
    financial  statements and  accompanying  notes.  Actual results could differ
    from those estimates.
                                      F-5

<PAGE>

                               Fayber Group, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                October 31, 2000


1.  Summary of Significant Accounting Policies (continued)

    Consideration of Other Comprehensive Income Items

    SFAF 130 - Reporting  Comprehensive  Income,  requires  companies to present
    comprehensive  income (consisting  primarily of net income plus other direct
    equity  changes  and  credits)  and its  components  as  part  of the  basic
    financial  statements.  For  the initial period  ended October 31, 2000, the
    Company's financial statements do not contain any changes in equity that are
    required to be reported separately in comprehensive income.

    Stock Basis

    Shares of common stock issued for other than cash have been assigned amounts
    equivalent to the fair value of the service or assets received in exchange.

2.  Stockholders' Equity

    Preferred Stock

    As of October 31, 2000, 25,000,000 shares of the Company's $0.0001 par value
    preferred  stock had been  authorized,  of which no shares  were  issued and
    outstanding.

    Common Stock

    As of October 31, 2000, 75,000,000 shares of the Company's $0.0001 par value
    common  stock had been  authorized,  of which  18,675,000  were  issued  and
    outstanding.

3.  Related Party Transactions

    As of the date hereof,  the President is the owner of  15,000,000  shares of
    the   Company's   issued  and   outstanding   common   stock,   constituting
    approximately  80.3% of the Company's  issued and outstanding  common stock.
    The shares were issued for total cash of $1,500 ($0.0001 per share).

     As of the date  hereof,  the legal  counsel to the  company is the owner of
     3,675,000  shares of the  Company's  issued and  outstanding  common stock,
     constituting  approximately  19.7% of the Company's  issued and outstanding
     common stock.  The shares were issued for expenses paid by a shareholder on
     behalf of the Company  totaling at $368  ($0.0001 per share).

     Officers and directors are reimbursed for all out-of-pocket expenses.

                                      F-6

<PAGE>



ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

RESULTS OF OPERATIONS FOR QUARTER
---------------------------------

RESULTS OF OPERATIONS FOR SIX MONTHS ENDED OCTOBER 31, 2000 AND CUMMULATIVE

     The Company has  experienced  a net  operating  loss of $1,765  through the
second  quarter  of  operation.   There  were  no  revenues  and  no  continuing
operations, furthermore there are no immediate prospects for any operations. The
losses will continue  until such time as the company is able to start or acquire
a going business operation.

Liquidity and Capital Resources
-------------------------------

              The Company had inadequate  cash capital at the end of the period.
The  Company  will be forced to either  borrow  against  or sell  assets or make
private placements of stock in order to fund operations.  No assurance exists as
to the ability to arrange for loans or make private placements of stock.


<PAGE>


                           PART II - OTHER INFORMATION


ITEM 1.           LEGAL PROCEEDINGS

                  None

ITEM 2.           CHANGES IN SECURITIES

                  None

ITEM 3.           DEFAULT UPON SENIOR SECURITIES

                  None

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  None

ITEM 5.           OTHER INFORMATION

                  None

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

                        Reports on Form 8-K were  made for the  period for which
                  this  report is filed.  None.


<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Date: December 14, 2000



                                              FAYBER GROUP, INC.


                                              /s/ BERNARD F. PRACKO, II
                                              -----------------------------
                                              BERNARD F. PRACKO, II, President