Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 14 DATED OCTOBER 25, 1996
(To Prospectus Dated July 26, 1996, as Supplemented
August 2, 1996)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
------------
Trade Date: October 25, 1996
Issue Price: 100%
Original Issue Date: October 30, 1996
Stated Maturity Date: October 30, 2006
Interest Rate: 7.20%
Book Entry: [X]
Certificated: [ ]
Principal Amount: $17,000,000
Net Proceeds: $16,893,750
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Merrill Lynch & Co.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15
Record Dates: December 31 and June 30
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 CHL and
will rank pari passu in right of payment with CHL's other
unsecured and unsubordinated indebtedness. As of August 31,
1996, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $282,238,000 aggregate principal amount
of secured indebtedness outstanding. As of such date, CHL had
$4,972,300,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right
of payment with the Notes to which this Pricing Supplement
relates.
Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 15 DATED OCTOBER 25, 1996
(To Prospectus Dated July 26, 1996, as Supplemented
August 2, 1996)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
------------
Trade Date: October 25, 1996
Issue Price: 100%
Original Issue Date: October 30, 1996
Stated Maturity Date: October 30, 2006
Interest Rate: 7.20%
Book Entry: [X]
Certificated: [ ]
Principal Amount: $17,000,000
Net Proceeds: $16,893,750
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Lehman Brothers Inc.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15
Record Dates: December 31 and June 30
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 CHL and
will rank pari passu in right of payment with CHL's other
unsecured and unsubordinated indebtedness. As of August 31,
1996, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $282,238,000 aggregate principal amount
of secured indebtedness outstanding. As of such date, CHL had
$4,972,300,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right
of payment with the Notes to which this Pricing Supplement
relates.
Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 16 DATED OCTOBER 25, 1996
(To Prospectus Dated July 26, 1996, as Supplemented
August 2, 1996)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
------------
Trade Date: October 25, 1996
Issue Price: 100%
Original Issue Date: October 30, 1996
Stated Maturity Date: October 30, 2006
Interest Rate: 7.20%
Book Entry: [X]
Certificated: [ ]
Principal Amount: $17,000,000
Net Proceeds: $16,893,750
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Goldman, Sachs & Co.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15
Record Dates: December 31 and June 30
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 CHL and
will rank pari passu in right of payment with CHL's other
unsecured and unsubordinated indebtedness. As of August 31,
1996, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $282,238,000 aggregate principal amount
of secured indebtedness outstanding. As of such date, CHL had
$4,972,300,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right
of payment with the Notes to which this Pricing Supplement
relates.
Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 17 DATED OCTOBER 25, 1996
(To Prospectus Dated July 26, 1996, as Supplemented
August 2, 1996)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
------------
Trade Date: October 25, 1996
Issue Price: 100%
Original Issue Date: October 30, 1996
Stated Maturity Date: October 30, 2006
Interest Rate: 7.20%
Book Entry: [X]
Certificated: [ ]
Principal Amount: $17,000,000
Net Proceeds: $16,893,750
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Salomon Brothers Inc
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15
Record Dates: December 31 and June 30
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 CHL and
will rank pari passu in right of payment with CHL's other
unsecured and unsubordinated indebtedness. As of August 31,
1996, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $282,238,000 aggregate principal amount
of secured indebtedness outstanding. As of such date, CHL had
$4,972,300,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right
of payment with the Notes to which this Pricing Supplement
relates.
Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 18 DATED OCTOBER 25, 1996
(To Prospectus Dated July 26, 1996, as Supplemented
August 2, 1996)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
------------
Trade Date: October 25, 1996
Issue Price: 100%
Original Issue Date: October 30, 1996
Stated Maturity Date: October 30, 2006
Interest Rate: 7.20%
Book Entry: [X]
Certificated: [ ]
Principal Amount: $16,000,000
Net Proceeds: $15,900,000
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: J.P. Morgan Securities Inc.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15
Record Dates: December 31 and June 30
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 CHL and
will rank pari passu in right of payment with CHL's other
unsecured and unsubordinated indebtedness. As of August 31,
1996, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $282,238,000 aggregate principal amount
of secured indebtedness outstanding. As of such date, CHL had
$4,972,300,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right
of payment with the Notes to which this Pricing Supplement
relates.
Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 19 DATED OCTOBER 25, 1996
(To Prospectus Dated July 26, 1996, as Supplemented
August 2, 1996)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
------------
Trade Date: October 25, 1996
Issue Price: 100%
Original Issue Date: October 30, 1996
Stated Maturity Date: October 30, 2006
Interest Rate: 7.20%
Book Entry: [X]
Certificated: [ ]
Principal Amount: $16,000,000
Net Proceeds: $15,900,000
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: NationsBanc Capital Markets, Inc.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15
Record Dates: December 31 and June 30
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 CHL and
will rank pari passu in right of payment with CHL's other
unsecured and unsubordinated indebtedness. As of August 31,
1996, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $282,238,000 aggregate principal amount
of secured indebtedness outstanding. As of such date, CHL had
$4,972,300,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right
of payment with the Notes to which this Pricing Supplement
relates.
