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EXHIBIT 23.1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation
We consent to the incorporation by reference in the registration statement
(No. 333-43278) of Bear Stearns Asset Backed Securities, Inc. (the
"Registrant"), and in the Prospectus Supplement of the Registrant (the
"Prospectus Supplement"), via the Form 8-K of the Registrant dated
September 26, 2000, of our report dated January 21, 2000 on the
consolidated financial statements of Ambac Assurance Corporation and
subsidiaries as of December 31, 1999 and 1998, and for each of the years in
the three-year period ended December 31, 1999, which report appears in the
Form 10-K of Ambac Financial Group, which was filed with the Securities and
Exchange Commission on March 30, 2000 and to the reference to our firm
under the heading "Experts" in the Prospectus Supplement.
By: /s/ KPMG LLP
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New York, New York
September 26, 2000
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