EXHIBIT 23

                       CONSENT OF INDEPENDENT ACCOUNTANTS

      We hereby consent to the incorporation by reference in the Registration
Statement on Form S-3 (No. 333-70082) of America First Mortgage Investments,
Inc., of our report dated March 12, 2002 relating to the financial statements
and financial statement schedules, which appears in this Form 10-K.

PricewaterhouseCoopers LLP
New York, New York
March 22, 2002