EXHIBIT 1


                          INDEPENDENT AUDITORS' CONSENT


We hereby consent to the incorporation by reference in the Prospectus Supplement
of Home Equity Loan Trust, relating to Asset-Backed  Pass-Through  Certificates,
Series 2003-HS1 comprising part of the Registration Statement (No. 333-81236) of
ACE Securities  Corp., of our reports,  dated January 31, 2003, each of which is
included or  incorporated by reference in MBIA Inc.'s Annual Report on Form 10-K
for  the  year  ended  December  31,  2002,  relating  to  our  audits  of:  the
consolidated  financial  statements of MBIA Inc. and Subsidiaries as of December
31, 2002 and 2001 and for each of the three years in the period  ended  December
31,  2002  consolidated   financial   statement   schedules  of  MBIA  Inc.  and
Subsidiaries as of December 31, 2002 and 2001 and for each of the three years in
the period ended December 31, 2002; and, the consolidated  financial  statements
of MBIA Insurance  Corporation and Subsidiaries as of December 31, 2002 and 2001
and for each of the three years in the period ended  December 31, 2002.  We also
consent  to the  reference  to our  firm  under  the  caption  "Experts"  in the
Prospectus Supplement.




/s/ PRICEWATERHOUSECOOPERS LLP
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PricewaterhouseCoopers LLP
New York, New York
August 18, 2003