Rule 424(b)(3)
File Nos. 333-58125 and 333-58125-01
AMENDMENT NO. 1 TO PRICING SUPPLEMENT NO. 4 DATED July 24, 1998
(To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES G
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.
FLOATING RATE NOTES
-------------------
Trade Date: July 21, 1998 Book Entry: |x|
Issue Price: 100% Certificated: |_|
Original Issue Date: July 24, 1998 Principal Amount: $50,000,000
Stated Maturity Date: July 26, 1999 Net Proceeds: $49,975,000
Specified Currency:U.S. Dollars
Base |_| Commercial Paper |_| LIBOR |_| Certificate of
Rate(s): Rate Telerate Page 3750 Deposit Rate
|_| Treasury Rate |x| Federal Funds Rate |_| Prime Rate
|_| CMT Rate |_| Eleventh District |_| Other
District Cost of
Funds Rate
Exchange Rate Agent: N/A
Minimum Denomination: $100,000 Maximum Interest Rate: N/A
Initial Interest Rate: 5.73000% Minimum Interest Rate: N/A
Interest Determination Interest Factor
Dates: One Business Day Convention: N/A
prior to each Interest Index Maturity: Daily
Payment Date Spread (plus or
Interest Reset Dates: Daily minus):Plus 18 basis points
Interest Payment Dates: Every January 26, Spread Multiplier: N/A
April 26, July 26 Fixed Rate Commencement
and October 26, Date: N/A
commencing Fixed Interest Rate: N/A
October 26, 1998
Agent: Merrill Lynch & Co.
Calculation Agent: The Bank of New York
Redemption: Repayment:
Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
|x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid
to maturity. prior to maturity.
|_| The Notes may be redeemed prior |_| The Notes may be repaid
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, 1998 the Guarantor did not have any secured indebtedness outstanding,
and CHL had $586,135,000 aggregate principal amount of secured indebtedness
outstanding. As of such date, CHL had $7,565,486,000 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.
<PAGE>
Rule 424(b)(3)
File Nos. 333-58125 and 333-58125-01
AMENDMENT NO. 1 TO PRICING SUPPLEMENT NO. 5 DATED July 24, 1998
(To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES G
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.
FLOATING RATE NOTES
-------------------
Trade Date: July 21, 1998 Book Entry: |x|
Issue Price: 100% Certificated: |_|
Original Issue Date: July 24, 1998 Principal Amount: $50,000,000
Stated Maturity Date: July 26, 1999 Net Proceeds: $49,970,000
Specified Currency:U.S. Dollars
Base |_| Commercial Paper |x| LIBOR |_| Certificate of
Rate(s): Rate Telerate Page 3750 Deposit Rate
|_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate
|_| CMT Rate |_| Eleventh District |_| Other
District Cost of
Funds Rate
Exchange Rate Agent: N/A
Minimum Denomination: $100,000 Maximum Interest Rate: N/A
Initial Interest Rate: 5.65625% Minimum Interest Rate: N/A
Interest Determination Interest Factor
Dates: Two Business Days Convention: N/A
prior to each Interest Index Maturity: One month
Payment Date Spread (plus or
Interest Reset Dates: Same as Interest minus): N/A
Payment Dates Spread Multiplier: N/A
Interest Payment Dates: Every month on the Fixed Rate Commencement
26th, commencing Date: N/A
August 26, 1998 Fixed Interest Rate: N/A
Agent: Merrill Lynch & Co.
Calculation Agent: The Bank of New York
Redemption: Repayment:
Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
|x| The Notes cannot be redeemed prior |x| The Notes cannot be repaid
to maturity. prior to maturity.
|_| The Notes may be redeemed prior |_| The Notes may be repaid
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, 1998 the Guarantor did not have any secured indebtedness outstanding,
and CHL had $586,135,000 aggregate principal amount of secured indebtedness
outstanding. As of such date, CHL had $7,565,486,000 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.
<PAGE>
Rule 424(b)(3)
File Nos. 333-58125 and 333-58125-01
AMENDMENT NO. 1 TO PRICING SUPPLEMENT NO. 6 DATED July 24, 1998
(To Prospectus Dated July 16, 1998, as Supplemented July 21, 1998)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES G
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: July 21, 1998 Book Entry: |x|
Issue Price: 100% Certificated: |_|
Original Issue Date: August 17, 1998 Principal Amount: $25,000,000
Stated Maturity Date: August 17, 2018 Net Proceeds: $24,680,000
Interest Rate: 7.00000% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: Countrywide Securities Corporation
Minimum Denomination: $1,000
Interest Payment Dates: February 17 and August 17, commencing February 17, 1999
Record Dates: February 2 and August 2
Redemption: Repayment:
Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
|_| The Notes cannot be redeemed prior |x| The Notes cannot be repaid
to maturity. prior to maturity.
|x| The Notes may be redeemed prior |_| The Notes may be repaid
to maturity. prior to maturity.
Initial Redemption Date: August 17, 2000 Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: The Notes may be redeemed prior to maturity with
10 days notice to the bondholder
-------------------
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, 1998 the Guarantor did not have any secured indebtedness outstanding,
and CHL had $586,135,000 aggregate principal amount of secured indebtedness
outstanding. As of such date, CHL had $7,565,486,000 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.
