EXHIBIT 23.7
 
                   CONSENT OF PERSON TO BE NAMED AS DIRECTOR
 
    I hereby consent to the reference to me as a person who has agreed to become
a director of America First Mortgage Investments, Inc. under the heading
"Management of the Company" in the Consent Solicitation Statement/Prospectus
constituting a part of the foregoing Registration Statement on Form S-4.
 
                                          /s/ Gregor Medinger
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                                          Gregor Medinger