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
December 22, 1998