Exhibit 23.1



                         CONSENT OF INDEPENDENT AUDITORS



     We consent to the incorporation by reference in this Pre-Effective
Amendment No. 1 to the Registration Statement (No. 333-74618) of Annaly Mortgage
Management, Inc. on Form S-3 of our report dated February 5, 2001, appearing in
and incorporated by reference in the Annual Report on Form 10-K/A of Annaly
Mortgage Management, Inc. for the year ended December 31, 2000 and to the
reference to us under the heading "Experts" in the Prospectus, which is part of
this Registration Statement (No. 333-74618).




/s/ Deloitte & Touche
New York, New York
January 4, 2002