Rule 424(b)(3)
File No. 33-59559
AMENDMENT DATED SEPTEMBER 5, 1995 TO
PRICING SUPPLEMENT NO. 5 DATED AUGUST 25, 1995
(To Prospectus Dated June 26, 1995, as Supplemented August 16, 1995)
COUNTRYWIDE FUNDING CORPORATION
Medium-Term Notes, Series D
Due Nine Months or More From Date of Issue
Payment of Principal, Premium, if any,
and Interest Unconditionally Guaranteed by
COUNTRYWIDE CREDIT INDUSTRIES, INC.
Floating Rate Notes
Trade Date: August 25, 1995 Book Entry: [x]
Issue Price: 100 Certificated: [ ]
Original Issue Date: August 30, 1995 Principal Amount: $10,000,000
Stated Maturity Date: August 28, 1998 Net Proceeds: $ 9,965,000
Specified Currency: U.S. Dollars
Base Rate(s): [ ] Commercial Paper Rate [x] LIBOR Telerate Page 3750
[ ] Certificate of Deposit Rate
[ ] Treasury Rate [ ] Federal Funds Rate
[ ] Prime Rate
[ ] CMT Rate [ ] Eleventh District
Cost of Funds Rate
[ ] Other
Exchange Rate Agent: N/A
Minimum Denomination: $100,000
Maximum Interest Rate: N/A
Initial Interest Rate: 6.09844%
Minimum Interest Rate: N/A
Interest Determination Dates: Two Business Days prior to
each Interest Payment Date
Interest Factor Convention: N/A
Index Maturity: Three months
Interest Reset Dates: Same as Interest Payment Dates
Spread (plus or minus): plus 20 basis points
Interest Payment Dates: Every February 28, May 28, August 28 and
November 28, commencing November 28, 1995
Spread Multiplier: N/A
Fixed Rate Commencement Date: N/A
Fixed Interest Rate: N/A
Calculation Agent: The Bank of New York
Redemption:
Check box opposite applicable paragraph:
[x] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Repayment:
Check box opposite applicable paragraph.
[x] The Notes cannot be repaid prior to maturity.
[ ] The Notes may be repaid prior to maturity.
Optional Repayment Dates:
Additional/Other Terms: N/A
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CFC and will rank pari
passu in right of payment with CFC's other unsecured and unsubordinated
indebtedness. As of May 31, 1995, the Guarantor did not have any
secured indebtedness outstanding, and CFC had $872,009,662 aggregate
principal amount of secured indebtedness outstanding. As of such date,
CFC had $3,886,820,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness ranked pari
passu in right of payment with CFC's other unsecured and unsubordinated
indebtedness and will rank pari passu in right of payment with the Notes
to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File No. 33-59559
AMENDMENT DATED SEPTEMBER 5, 1995 TO
PRICING SUPPLEMENT NO. 7 DATED AUGUST 25, 1995
(To Prospectus Dated June 26, 1995, as Supplemented August 16, 1995)
COUNTRYWIDE FUNDING CORPORATION
Medium-Term Notes, Series D
Due Nine Months or More From Date of Issue
Payment of Principal, Premium, if any,
and Interest Unconditionally Guaranteed by
COUNTRYWIDE CREDIT INDUSTRIES, INC.
Floating Rate Notes
Trade Date: August 25, 1995 Book Entry: [x]
Issue Price: 100 Certificated: [ ]
Original Issue Date: August 30, 1995 Principal Amount: $10,000,000
Stated Maturity Date: August 28, 1998 Net Proceeds: $ 9,965,000
Specified Currency: U.S. Dollars
Base Rate(s): [ ] Commercial Paper Rate [x] LIBOR Telerate Page 3750
[ ] Certificate of Deposit Rate
[ ] Treasury Rate [ ] Federal Funds Rate
[ ] Prime Rate
[ ] CMT Rate [ ] Eleventh District
Cost of Funds Rate
[ ] Other
Exchange Rate Agent: N/A
Minimum Denomination: $100,000
Maximum Interest Rate: N/A
Initial Interest Rate: 6.09844%
Minimum Interest Rate: N/A
Interest Determination Dates: Two Business Days prior to
each Interest Payment Date
Interest Factor Convention: N/A
Index Maturity: Three months
Interest Reset Dates: Same as Interest Payment Dates
Spread (plus or minus): plus 20 basis points
Interest Payment Dates: Every February 28, May 28, August 28 and
November 28, commencing November 28, 1995
Spread Multiplier: N/A
Fixed Rate Commencement Date: N/A
Fixed Interest Rate: N/A
Calculation Agent: The Bank of New York
Redemption:
Check box opposite applicable paragraph:
[x] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Repayment:
Check box opposite applicable paragraph.
[x] The Notes cannot be repaid prior to maturity.
[ ] The Notes may be repaid prior to maturity.
Optional Repayment Dates:
Additional/Other Terms: N/A
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CFC and will rank pari
passu in right of payment with CFC's other unsecured and unsubordinated
indebtedness. As of May 31, 1995, the Guarantor did not have any
secured indebtedness outstanding, and CFC had $872,009,662 aggregate
principal amount of secured indebtedness outstanding. As of such date,
CFC had $3,886,820,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness ranked pari
passu in right of payment with CFC's other unsecured and unsubordinated
indebtedness and will rank pari passu in right of payment with the Notes
to which this Pricing Supplement relates.
