EXHIBIT 23.2



                         CONSENT OF INDEPENDENT AUDITORS



The Partners
WAMCO Partnerships:


We consent to incorporation by reference in the registration statements (Numbers
333-10345, 333-48671, 333-59333, 333-00623 and 33-09485) on Forms S-3 and S-8 of
FirstCity Financial Corporation, of our report dated February 13, 2002, with
respect to the combined balance sheets of the WAMCO Partnerships as of December
31, 2001 and 2000, and the related combined statements of operations, changes in
partners' capital, and cash flows for each of the years in the three-year period
ended December 31, 2001, which report appears in the December 31, 2001 annual
report on Form 10-K of FirstCity Financial Corporation.



                                    KPMG LLP

Dallas, Texas
March 29, 2002