CONSENT OF W. DAVID SCOTT, PROPOSED DIR.

Published on February 12, 1998


EXHIBIT 23.8

CONSENT OF PERSON TO BE NAMED AS DIRECTOR

I hereby consent to the reference to me as a person who has agreed to become
a director of America First Mortgage Investments, Inc. under the heading
"Management of the Company" in the Consent Solicitation Statement/Prospectus
constituting a part of the foregoing Registration Statement on Form S-4.

/s/ W. David Scott
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W. David Scott