Rule 424(b)(3)
File Nos. 333-58125 and 333-58125-01
PRICING SUPPLEMENT NO. 15 DATED October 13, 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: October 13, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 16, 1998 Principal Amount: $ 10,000,000
Stated Maturity Date: October 18, 1999 Net Proceeds: $ 9,995,000
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: 5.54906% 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): Plus 20 basis points
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: January 19, April Date: N/A
19, July 19 and Fixed Interest Rate: N/A
October 18, 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 be
unsecured and unsubordinated indebtedness of CHL and will rank equally
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 that date, CHL had
$7,565,486,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness ranked
equally with CHL's other unsecured and unsubordinated indebtedness and
will rank equally 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. 16 DATED October 13, 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: October 13, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 16, 1998 Principal Amount: $ 5,000,000
Stated Maturity Date: October 16, 2000 Net Proceeds: $ 4,982,500
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: 5.84906% 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): Plus 50 basis points
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: Every January 16, Date: N/A
April 16, July 16 Fixed Interest Rate: N/A
and October 16,
commencing January 16, 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 be
unsecured and unsubordinated indebtedness of CHL and will rank equally
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 that date, CHL had
$7,565,486,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness ranked
equally with CHL's other unsecured and unsubordinated indebtedness and
will rank equally 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. 17 DATED October 13, 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: October 13, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 16, 1998 Principal Amount: $ 30,000,000
Stated Maturity Date: October 15, 1999 Net Proceeds: $ 29,970,000
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: 5.59906% 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): Plus 25 basis points
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: January 15, April Date: N/A
16, July 16 and Fixed Interest Rate: N/A
October 15, 1999
Agent: Countrywide Securities Corporation
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 be
unsecured and unsubordinated indebtedness of CHL and will rank equally
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 that date, CHL had
$7,565,486,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness ranked
equally with CHL's other unsecured and unsubordinated indebtedness and
will rank equally 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. 18 DATED October 13, 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: October 13, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 16, 1998 Principal Amount: $ 10,000,000
Stated Maturity Date: October 15, 1999 Net Proceeds: $ 9,990,000
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: 5.59906% 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): Plus 25 basis points
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: January 15, April Date: N/A
16, July 16 and Fixed Interest Rate: N/A
October 15, 1999
Agent: Salomon Brothers 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 be
unsecured and unsubordinated indebtedness of CHL and will rank equally
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 that date, CHL had
$7,565,486,000 aggregate principal amount of unsecured and
unsubordinated indebtedness outstanding, which indebtedness ranked
equally with CHL's other unsecured and unsubordinated indebtedness and
will rank equally 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. 19 DATED OCTOBER 13, 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: October 13, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 16, 1998 Principal Amount: $ 10,000,000
Stated Maturity Date: October 16, 2000 Net Proceeds: $ 9,975,000
Interest Rate: 5.35% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Countrywide Securities Corporation
Minimum Denomination: $1,000
Interest Payment Dates: April 16 and October 16, commencing April 16, 1999
Record Dates: April 1 and October 1
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 prior
maturity. to maturity.
| | The Notes may be redeemed prior to |_| The Notes may be repaid prior to
maturity. maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction,
if any:
Additional/Other Terms:
--------------
The Notes to which this Pricing Supplement relates will be
unsecured and unsubordinated indebtedness of CHL and will rank
equally 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 that date, CHL had $7,565,486,000 aggregate principal
amount of unsecured and unsubordinated indebtedness outstanding,
which indebtedness ranked equally with CHL's other unsecured and
unsubordinated indebtedness and will rank equally 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. 20 DATED OCTOBER 13, 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: October 13, 1998 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 29, 1998 Principal Amount: $ 60,000,000
Stated Maturity Date: October 29, 2018 Net Proceeds: $ 58,714,000
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: Monthly on the 29th of the month, commencing
November 29, 1998; February payment date is
the 28th of that month
Record Dates: Monthly on the 14th of the month of the
corresponding Interest Payment Date
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: October 29, 2002 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 be
unsecured and unsubordinated indebtedness of CHL and will rank
equally 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 that date, CHL had $7,565,486,000 aggregate principal
amount of unsecured and unsubordinated indebtedness outstanding,
which indebtedness ranked equally with CHL's other unsecured and
unsubordinated indebtedness and will rank equally with the Notes
to which this Pricing Supplement relates.
