Exhibit 1

                             EXHIBIT TO FORM 12B-25

Grant Thornton LLP hereby states that they are unable to furnish the audit
report on the consolidated financial statements of CFI Mortgage, Inc. for the
fiscal year ended December 31, 1997 because they have not yet received all of 
the information required to be able to give their report.  This statement may be
filed as an Exhibit to the Form 12b-25 Notification of Late Filings of CFI
Mortgage, Inc.

Dated: March 31, 1998

/s/ Grant Thornton LLP
Grant Thornton LLP