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
-----------------                                 ----------------------
January 31, 2001                                      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.)

                   7609 Ralston Rd., Arvada, CO 80002
            ---------------------------------------------------------
               (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 January 31, 2001



<TABLE>
<S>
I.   FINANCIAL STATEMENTS

                                          FAYBER GROUP, INC.
                                      Consolidated Balance Sheet
                                            (Unaudited)

														<C>
                                                                                       01/31/01
                                                                                       ________
ASSETS

Current Assets
Cash and Cash Equivalents                                                              74

Property, Plant and Equipment                                                          -
Equipment                                                                              -
Land                                                                                   -
Buildings                                                                              -

Less Accumulated Depreciation                                                          -

           Net Fixed Assets                                                            -

TOTAL ASSETS                                                                           74

LIABILITIES AND STOCKHOLDERS' EQUITY

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

                   Total Current Liabilities                                           -

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                                   1,868

           Additional paid-in capital
           Retained Deficit                                                            (1,765)

TOTAL STOCKHOLDERS' DEFICIT                                                            74

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                            74
<S>
                                                          SEE ACCOMPANYING NOTES





                                          FAYBER GROUP, INC.
                                 CONSOLIDATED STATEMENTS OF OPERATIONS
                                   For the three Months ended 01/31/01
                                             (Unaudited)
									<C>					<C>
                                                          2001                         2000
                                                          ____                         ____
REVENUES
           Consulting Fees                                200                          -

Gross Profit                                              200                          -

EXPENSES
           Selling, general & admin                       229                          -

Total Operating Expenses                                  229                          -

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

Profit (Loss) per common share                            (0.00)
Weighted average number                                   18,675,000
  of shares outstanding
                                                          SEE ACCOMPANYING NOTES





                                          FAYBER GROUP, INC.
                               CONSOLIDATED STATEMENTS OF OPERATIONS
                                 For the Nine Months ended 01/31/01
                                          (Unaudited)

                                                          2001                         2000
                                                          ____                         ____
REVENUES
           Consulting Fees                                200                          -

Gross Profit                                              200                          -

EXPENSES
           Selling, general & admin.                      1,994                        -

Total Operaing Expenses                                   (1,794.00)                   -

NET INCOME (LOSS)                                         (1,794.00)                   -

Profit (Loss) per common share                            (0.00)
Weighted average number
  of shares outstanding                                   18,675,000
                                                          SEE ACCOMPANYING NOTES





                                          FAYBER GROUP, INC.
                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                          (Unaudited)



                                                          9 Months Ended               Inception (4/17/00)
                                                          1/31/2001                    to 01/31/01
                                                          _________                    ___________
Cash Flows from Operating Activities
           Net Profit (Loss)                              ($1,794)                     ($1,794)
           Depreciation                                   -                            -
           Non cash expenses                              370                          370
           (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              (1,426.00)                   (1,426.00)

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                      -                            -

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                               (1,426.00)                   (1,426.00)

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

Cash and Cash Equivalents - End of Period                 74                           74

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

                                                          SEE ACCOMPANYING NOTES




                                          FAYBER GROUP, INC.
                            CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                                               1/31/2001
                                              (Unaudited)

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

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

01/31/01 Net Loss                                                      ($1,794)

Balances at 01/31/01         18,675,000   1,868           -            ($1,794)        74

                                                          SEE ACCOMPANYING NOTES


</TABLE>




                                    Fayber Group, Inc.
                             (A Development Stage Company)
                             NOTES TO FINANCIAL STATEMENTS
                                  January 31, 2001

1.  Summary of Significant Accounting Policies

    Development Stage Company

    a) 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 7609 Ralston Road, Arvada, CO
80002.

    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.

    b) Accounting Method

    The Company records income and expenses on the accrual method.

    Fiscal Year

    The board of directors shall establish the fiscal year of the corporation.

    c) 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.

    d) 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.

    Notes to Financial Statements (continued)

    e) Organization Costs

    Costs to incorporate the Company were expensed as incurred.

    f) 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.

    g) 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.

    h) 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  nine month  period  ended  January 31,
2001, the Company's financial statements do not contain any changes in equity
that are required to be reported separately in comprehensive income.

    i) 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 January 31, 2001, 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 January 31, 2001, 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.



    Notes to Financial Statements (continued)
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.

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

RESULTS OF OPERATIONS FOR NINE MONTHS ENDED JANUARY 31, 2001 AND CUMULATIVE

The Company has  experienced a net operating loss of $1,794 through the third
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.

                  PART II - OTHER INFORMATION


ITEM 1.           LEGAL PROCEEDINGS

                  None

ITEM 2.           CHANGES IN SECURITIES

None

ITEM 3.           DEFAULT UPON SENIOR SECURITIES

                  None

    Notes to Financial Statements (continued)

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.


                                   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: March 2, 2001



                                    FAYBER GROUP, INC.


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