Rule 424(b)(3)
File Nos. 333-58125 and 333-58125-01
PRICING SUPPLEMENT NO. 8 DATED AUGUST 25, 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: August 25, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: September 18, 1998 Principal Amount: $ 25,000,000
Stated Maturity Date: September 18, 2018 Net Proceeds: $ 24,625,000
Interest Rate: 7.00% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Countrywide Securities Corporation
Minimum Denomination: $1,000
Interest Payment Dates: March 18 and September 18, commencing March 18, 1999
Record Dates: March 3 and September 3
Redemption: Repayment:
Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
|_| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior
maturity. to maturity.
|X| The Notes may be redeemed prior to |_| The Notes may be repaid prior to
maturity. maturity.
Initial Redemption Date: September 18, 2000 Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction,
if any:
Additional/Other Terms: The Notes may be redeemed at any time following the
Initial Redemption Date upon 10 business days notice to the Holder
--------------
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
PRICING SUPPLEMENT NO. 9 DATED August 25, 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: August 25, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: August 28, 1998 Principal Amount: $100,000,000
Stated Maturity Date: August 30, 1999 Net Proceeds: $ 99,960,000
Specified Currency: U.S. Dollars
Base |_| Commercial Paper Rate |X| LIBOR |_| Certificate of
Rate(s): Telerate Page 3750 Deposit Rate
|_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate
|_| CMT Rate |_| Eleventh District |_| Other
Cost of Funds Rate
Exchange Rate Agent: N/A
Minimum Denomination: $100,000 Maximum Interest Rate: N/A
Initial Interest Rate: 5.68750% Minimum Interest Rate: N/A
Interest Determination Dates: Two Business Interest Factor Convention: N/A
Days prior to Index Maturity: Three months
each Interest Spread (plus or
Payment Date minus): None
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: November 30, 1998 Date: N/A
and February 26, Fixed Interest Rate: N/A
May 28 and August
30, 1999
Agent: NationsBanc Montgomery Securities LLC
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 to |X| The Notes cannot be repaid
maturity. prior to maturity.
|_| The Notes may be redeemed prior to |_| The Notes may be repaid prior
maturity. 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
PRICING SUPPLEMENT NO. 10 DATED August 25, 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: August 25, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: August 28, 1998 Principal Amount: $110,000,000
Stated Maturity Date: August 30, 1999 Net Proceeds: $109,956,000
Specified Currency: U.S. Dollars
Base |_| Commercial Paper Rate |X| LIBOR |_| Certificate of
Rate(s): Telerate Page 3750 Deposit Rate
|_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate
|_| CMT Rate |_| Eleventh District |_| Other
Cost of Funds Rate
Exchange Rate Agent: N/A
Minimum Denomination: $100,000 Maximum Interest Rate: N/A
Initial Interest Rate: 5.68750% Minimum Interest Rate: N/A
Interest Determination Dates: Two Business Interest Factor Convention: N/A
Days prior to Index Maturity: Three months
each Interest Spread (plus or
Payment Date minus): None
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: November 30, 1998 Date: N/A
and February 26, Fixed Interest Rate: N/A
May 28 and August
30, 1999
Agent: Chase Securities Inc.
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 to |X| The Notes cannot be repaid
maturity. prior to maturity.
|_| The Notes may be redeemed prior to |_| The Notes may be repaid prior
maturity. 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.
