Exhibit 23.2

                         CONSENT OF INDEPENDENT AUDITORS

     We hereby consent to the incorporation by reference in this Registration
Statement on Form S-3 of our report dated February 3, 2003 relating to the
financial statements of MFA Mortgage Investments, Inc., which appears in MFA
Mortgage Investments, Inc.'s Annual Report on Form 10-K for the year ended
December 31, 2002. We also consent to the reference to us under the heading
"Experts" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York
December 1, 2003