Exhibit 23.1


INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement on
Form S-2 of Apex Mortgage Capital, Inc. of our report dated February 9, 2001,
included and incorporated by reference in the Annual Report on Form 10-K of Apex
Mortgage Capital, Inc. for the year ended December 31, 2000, and to the use of
our report dated February 9, 2001, appearing in the Prospectus, which is part of
the Registration Statement No. 333-69448. We also consent to the reference to us
under the heading "Experts" in such Prospectus.

/s/ DELOITTE & TOUCHE LLP

Los Angeles, California
October 11, 2001