EXHIBIT 23.1

                         INDEPENDENT AUDITORS' CONSENT

The Board of Directors
FirstCity Financial Corporation:

     We consent to the use of our report included and incorporated by reference
herein and to the reference to our firm under the heading "Experts" in the
prospectus. Our report refers to a change in the method of accounting for
residual interests in securitized financial assets in 2001 and a change in the
method of accounting for organizational costs in 1999.

                                          KPMG LLP

Dallas, Texas
June 11, 2002


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                         INDEPENDENT AUDITORS' CONSENT

The Partners
WAMCO Partnerships:

     We consent to the use of our report included and incorporated by reference
herein and to the reference to our firm under the heading "Experts" in the
prospectus.

                                          KPMG LLP

Dallas, Texas
June 11, 2002


                                       2


                         INDEPENDENT AUDITORS' CONSENT

The Partners
Drive Financial Services LP:

     We consent to the use of our report included and incorporated by reference
herein and to the reference to our firm under the heading "Experts" in the
prospectus. Our report refers to a change in the method of accounting for
residual interests in securitized financial assets in 2001.

                                          KPMG LLP

Dallas, Texas
June 11, 2002

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