EXHIBIT 23.2
 
                         INDEPENDENT AUDITORS' CONSENT
 
The Board of Directors
   
Impac Funding Corporation:     
   
  We consent to the use of our report, dated February 9, 1998, incorporated
herein by reference and to the reference to our firm under the heading
"Experts" in the Prospectus.     
                                             
                                          /s/ KPMG Peat Marwick LLP     
 
Orange County, California
   
April 23, 1998