EXHIBIT 23.4
 
The Board of Directors
Imperial Credit Mortgage Holdings, Inc.:
 
  We consent to the use of our report included herein and to the reference to
our firm under the headings "Selected Financial Data" and "Experts" in the
prospectus. Our report dated January 25, 1996 contains an explanatory
paragraph stating the Company adopted the provisions of Statement of Financial
Accounting Standards No. 122, "Accounting for Mortgage Servicing Rights" for
the year ended December 31, 1995.
 
                                          KPMG Peat Marwick LLP
 
Orange County, California
May 29, 1996