EXHIBIT 23.1

                      CONSENT OF INDEPENDENT ACCOUNTANTS

  We hereby consent to the incorporation by reference in the Registration
Statements on Form S-3 and S-8 (No. 333-87555 and No. 333-70478, respectively)
of Anworth Mortgage Asset Corporation of our report dated January 25, 2002,
except for the last paragraph of Note 5 as to which the date is February 28,
2002 relating to the financial statements, which appears in the Annual Report
to Shareholders, which is included in this Annual Report on Form 10-K.

/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP

Los Angeles, California
March 15, 2002