**EXHIBIT 24.1**

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**POWER OF ATTORNEY**

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**KNOW ALLMEN BY THESE PRESENTS,** that I, Peter G. Allen, constitute andappoint Philip A. Barach and Daniel K. Osborne, and each of them, as my trueand lawful attorneys-in-fact and agents with full power of substitution andresubstitution, for me and in my name, place and stead, in any and allcapacities, to sign any Form 10-K or Form 10-Q of Apex Mortgage Capital, Inc.,and to file the same, with all exhibits thereto, and other documents inconnection therewith, with the Securities and Exchange Commission, grantingunto said attorneys-in-fact and agents, and each of them, full power andauthority to do and perform each and every act and thing in as I might or coulddo in person, hereby ratifying and confirming all that said attorneys-in-factor agents or any of them, or their or his substitute or substitutes, maylawfully do or cause to be done by virtue hereof.

 
| /s/ Peter G. Allen |   |
|--------------------|--------|
| Peter G. Allen     |   |

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**POWER OF ATTORNEY**

 

**KNOW ALLMEN BY THESE PRESENTS,** that I, John C. Argue, constitute andappoint Philip A. Barach and Daniel K. Osborne, and each of them, as my trueand lawful attorneys-in-fact and agents with full power of substitution andresubstitution, for me and in my name, place and stead, in any and allcapacities, to sign any Form 10-K or Form 10-Q of Apex Mortgage Capital, Inc.,and to file the same, with all exhibits thereto, and other documents inconnection therewith, with the Securities and Exchange Commission, grantingunto said attorneys-in-fact and agents, and each of them, full power andauthority to do and perform each and every act and thing in as I might or coulddo in person, hereby ratifying and confirming all that said attorneys-in-factor agents or any of them, or their or his substitute or substitutes, maylawfully do or cause to be done by virtue hereof.

 
| /s/ John C. Argue |   |
|-------------------|--------|
| John C. Argue     |   |

 

2

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**POWER OF ATTORNEY**

 

**KNOW ALLMEN BY THESE PRESENTS,** that I, John A. Gavin, constitute andappoint Philip A. Barach and Daniel K. Osborne, and each of them, as my trueand lawful attorneys-in-fact and agents with full power of substitution andresubstitution, for me and in my name, place and stead, in any and allcapacities, to sign any Form 10-K or Form 10-Q of Apex Mortgage Capital, Inc.,and to file the same, with all exhibits thereto, and other documents inconnection therewith, with the Securities and Exchange Commission, grantingunto said attorneys-in-fact and agents, and each of them, full power and authorityto do and perform each and every act and thing in as I might or could do inperson, hereby ratifying and confirming all that said attorneys-in-fact oragents or any of them, or their or his substitute or substitutes, may lawfullydo or cause to be done by virtue hereof.

 
| /s/ John A. Gavin |   |
|-------------------|--------|
| John A. Gavin     |   |

 

3

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**POWER OF ATTORNEY**

 

**KNOW ALLMEN BY THESE PRESENTS,** that I, Carl C. Gregory III,constitute and appoint Philip A. Barach and Daniel K. Osborne, and each ofthem, as my true and lawful attorneys-in-fact and agents with full power ofsubstitution and resubstitution, for me and in my name, place and stead, in anyand all capacities, to sign any Form 10-K or Form 10-Q of Apex MortgageCapital, Inc., and to file the same, with all exhibits thereto, and otherdocuments in connection therewith, with the Securities and Exchange Commission,granting unto said attorneys-in-fact and agents, and each of them, full powerand authority to do and perform each and every act and thing in as I might orcould do in person, hereby ratifying and confirming all that saidattorneys-in-fact or agents or any of them, or their or his substitute orsubstitutes, may lawfully do or cause to be done by virtue hereof.

 
| /s/ Carl C. Gregory |   |
|---------------------|--------|
| Carl C. Gregory III |   |

 

4

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