Exhibit 23.1



                         INDEPENDENT AUDITORS' CONSENT


The Board of Directors
Imperial Credit Mortgage Holdings, Inc.:


We consent to the use of our report dated March 3, 1997, except as to Notes 11 
and 15 to the consolidated financial statements which is as of March 31, 1997, 
incorporated herein by reference and to the reference to our firm under the 
heading "Experts" in the Prospectus.  Our report dated March 3, 1997, except as 
to Notes 11 and 15 to the consolidated financial statements which is as of March
31, 1997, 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
August 20, 1997