EXHIBIT 23.1

                         INDEPENDENT AUDITORS' CONSENT

The Board of Directors
FirstCity Financial Corporation:

     We consent to the use of our report included 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
July 26, 2002


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                         INDEPENDENT AUDITORS' CONSENT

The Partners
WAMCO Partnerships:

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

                                          KPMG LLP

Dallas, Texas
July 26, 2002


                                       2


                         INDEPENDENT AUDITORS' CONSENT

The Partners
Drive Financial Services LP:

     We consent to the use of our report included 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
July 26, 2002

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