1

                                                                    EXHIBIT 99.1

To the Board of Directors and Stockholders of
Resource Bancshares Mortgage Group, Inc.


In our opinion, the consolidated balance sheet as of December 31, 1999 and the
related consolidated statements of income, of changes in stockholders' equity
and of cash flows for each of the two years in the period ended December 31,
1999 (appearing on pages 32 through 55 of the Resource Bancshares Mortgage
Group, Inc. 2000 Annual Report to Shareholders which has been incorporated by
reference in this Form 10-K) present fairly, in all material respects, the
financial position, results of operations and cash flows of Resource Bancshares
Mortgage Group, Inc. and its subsidiaries at December 31, 1999 and for each of
the two years in the period ended December 31, 1999, in conformity with
accounting principles generally accepted in the United States of America. These
financial statements are the responsibility of the Company's management; our
responsibility is to express an opinion on these financial statements based on
our audits. We conducted our audits of these statements in accordance with
auditing standards generally accepted in the United States of America, which
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion. We have not audited the consolidated financial
statements of Resource Bancshares Mortgage Group, Inc. for any period subsequent
to December 31, 1999.



PricewaterhouseCoopers LLP
Columbia, South Carolina

February 7, 2000, except as to the second paragraph
of Note 21, for which the date is June 30, 2000