Exhibit 23.1

                         CONSENT OF INDEPENDENT AUDITOR

The Board of Directors
Financial Guaranty Insurance Company:

         We consent to the use of our report dated February 14, 2003 on the
predecessor basis financial statements of Financial Guaranty Insurance Company
as of December 31, 2002 and for each of the years in the two-year period ended
December 31, 2002, included in the Form 8-K of IMH Assets Corp. (the
"Registrant"), which is incorporated by reference in the Registrant's
registration statement (No. 333-117817), and to the reference to our firm under
the heading "Experts" in the Prospectus Supplement of the Registrant relating to
the Impac CMB Trust Series 2004-8, Collateralized Asset-Backed Bonds, Series
2004-8.


                                                             /s/ KPMG LLP

New York, New York
September 28, 2004