Exhibit 23.1



                      CONSENT OF INDEPENDENT ACCOUNTANTS



   We hereby consent to the incorporation by reference in this Registration
Statement on Form S-3 of our report dated January 25, 2002, except for the last
paragraph of Note 5 as to which the date is February 28, 2002 relating to the
financial statements, which appears in Anworth Mortgage Asset Corporation's
Annual Report to Shareholders on Form 10-K for the year ended December 31,
2001. We also consent to the reference to us under the heading "Experts" in
such Registration Statement.



/s/  PRICEWATERHOUSECOOPERS LLP


PricewaterhouseCoopers LLP



Los Angeles, California


April 3, 2002