EXHIBIT 23.1
                                     
                                     
                      Consent of Independent Auditors
                                     
                                     
                                     
                                     
                                     
The Board of Directors
Resource Mortgage Capital, Inc.:


We  consent  to  the  use of our reports incorporated in  the  registration
statement  on Form S-3 (Registration No. 33-50705) and to the reference  to
our firm under the heading "Experts" in the prospectus.

                              KPMG PEAT MARWICK, LLP

Richmond, Virginia
September 16, 1996