EXHIBIT 23(d)

                    CONSENT OF RAUSCHER PIERCE REFSNES, INC.


         We hereby consent to (i) the inclusion of our opinion letter, dated
November 6, 1996, to the Board of Directors of Homeplex Mortgage Investments
Corporation (the "Company") as Appendix E to the Proxy Statement/Prospectus of
the Company and (ii) all references to Rauscher Pierce Refsnes, Inc. ("PRR") in
the sections captioned "Background of the Merger", "Board of Directors'
Recommendation for the Merger" and "Opinion of Financial Advisors of Homeplex"
which forms a part of this Registration Statement on Form S-4.  In giving such
consent, we do not admit that we come within the category of persons whose
consent is required under, and we do not admit and we disclaim that we are
"experts" for purposes of the Securities Act of 1933, as amended, and the rules
and regulations promulgated thereunder.


                                        RAUSCHER PIERCE REFSNES, INC.
                                        
                                        
                                        
                                        By:    /s/ Richard L. Davis    
                                           ----------------------------
                                                 Managing Director
                                        

Dallas, Texas
November 6, 1996