Rule 424(b)(3)
File Nos. 333-3835 and 333-3835-01
PRICING SUPPLEMENT NO. 7 DATED SEPTEMBER 11, 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: September 11, 1996 Book Entry: [x]
Issue Price: 100% Certificated: [ ]
Original Issue Date: September 16, 1996 Principal Amount: $33,000,000
Stated Maturity Date: September 16, 2003 Net Proceeds: $32,802,000
Interest Rate: 7.45% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Goldman, Sachs & Co.
Minimum Denomination: $100,000
Interest Payment Dates: March 15 and September 15
Record Dates: February 28 or 29 and August 31
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
[x] The Notes cannot be redeemed [x] The Notes cannot be
prior to maturity. repaid prior to maturity.
[ ] The Notes may be redeemed [ ] The Notes may be repaid
prior to maturity. prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction, if any:
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 May 31, 1996, the Guarantor did not have any secured
indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal
amount of secured indebtedness outstanding. As of such date, CHL had
$5,036,853,963 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. 8 DATED SEPTEMBER 11, 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: September 11, 1996 Book Entry: [x]
Issue Price: 100% Certificated: [ ]
Original Issue Date: September 16, 1996 Principal Amount: $33,000,000
Stated Maturity Date: September 16, 2003 Net Proceeds: $32,802,000
Interest Rate: 7.45% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: J.P. Morgan Securities Inc.
Minimum Denomination: $100,000
Interest Payment Dates: March 15 and September 15
Record Dates: February 28 or 29 and August 31
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
[x] The Notes cannot be redeemed [x] The Notes cannot be
prior to maturity. repaid prior to maturity.
[ ] The Notes may be redeemed [ ] The Notes may be repaid
prior to maturity. prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction, if any:
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 May 31, 1996, the Guarantor did not have any secured
indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal
amount of secured indebtedness outstanding. As of such date, CHL had
$5,036,853,963 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. 9 DATED SEPTEMBER 11, 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: September 11, 1996 Book Entry: [x]
Issue Price: 100% Certificated: [ ]
Original Issue Date: September 16, 1996 Principal Amount: $33,500,000
Stated Maturity Date: September 16, 2003 Net Proceeds: $33,299,000
Interest Rate: 7.45% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Merrill Lynch & Co.
Minimum Denomination: $100,000
Interest Payment Dates: March 15 and September 15
Record Dates: February 28 or 29 and August 31
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
[x] The Notes cannot be redeemed [x] The Notes cannot be
prior to maturity. repaid prior to maturity.
[ ] The Notes may be redeemed [ ] The Notes may be repaid
prior to maturity. prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction, if any:
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 May 31, 1996, the Guarantor did not have any secured
indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal
amount of secured indebtedness outstanding. As of such date, CHL had
$5,036,853,963 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. 10 DATED SEPTEMBER 11, 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: September 11, 1996 Book Entry: [x]
Issue Price: 100% Certificated: [ ]
Original Issue Date: September 16, 1996 Principal Amount: $32,500,000
Stated Maturity Date: September 16, 2003 Net Proceeds: $32,305,000
Interest Rate: 7.45% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: NationsBanc Capital Markets, Inc.
Minimum Denomination: $100,000
Interest Payment Dates: March 15 and September 15
Record Dates: February 28 or 29 and August 31
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
[x] The Notes cannot be redeemed [x] The Notes cannot be
prior to maturity. repaid prior to maturity.
[ ] The Notes may be redeemed [ ] The Notes may be repaid
prior to maturity. prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction, if any:
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 May 31, 1996, the Guarantor did not have any secured
indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal
amount of secured indebtedness outstanding. As of such date, CHL had
$5,036,853,963 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. 11 DATED SEPTEMBER 11, 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: September 11, 1996 Book Entry: [x]
Issue Price: 100% Certificated: [ ]
Original Issue Date: September 16, 1996 Principal Amount: $33,000,000
Stated Maturity Date: September 16, 2003 Net Proceeds: $32,802,000
Interest Rate: 7.45% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Salomon Brothers Inc
Minimum Denomination: $100,000
Interest Payment Dates: March 15 and September 15
Record Dates: February 28 or 29 and August 31
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
[x] The Notes cannot be redeemed [x] The Notes cannot be
prior to maturity. repaid prior to maturity.
[ ] The Notes may be redeemed [ ] The Notes may be repaid
prior to maturity. prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction, if any:
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 May 31, 1996, the Guarantor did not have any secured
indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal
amount of secured indebtedness outstanding. As of such date, CHL had
$5,036,853,963 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. 12 DATED SEPTEMBER 11, 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: September 11, 1996 Book Entry: [x]
Issue Price: 100% Certificated: [ ]
Original Issue Date: September 16, 1996 Principal Amount: $35,000,000
Stated Maturity Date: September 16, 2003 Net Proceeds: $34,790,000
Interest Rate: 7.45% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Lehman Brothers Inc.
Minimum Denomination: $100,000
Interest Payment Dates: March 15 and September 15
Record Dates: February 28 or 29 and August 31
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
[x] The Notes cannot be redeemed [x] The Notes cannot be
prior to maturity. repaid prior to maturity.
[ ] The Notes may be redeemed [ ] The Notes may be repaid
prior to maturity. prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction, if any:
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 May 31, 1996, the Guarantor did not have any secured
indebtedness outstanding, and CHL had $1,274,263,330 aggregate principal
amount of secured indebtedness outstanding. As of such date, CHL had
$5,036,853,963 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.
