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.
 
                                          KPMG Peat Marwick LLP
 
Orange County, California
   
September 4, 1998