Rule 424(b)(3)
File Nos. 333-66467 and 333-66467-01
PRICING SUPPLEMENT NO. 5 DATED January 8, 1999
(To Prospectus Dated November 10, 1998, as Supplemented November 10, 1998)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES H
UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: January 8, 1999 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: January 13, 1999 Principal Amount: $ 50,000,000
Stated Maturity Date: January 13, 2000 Net Proceeds: $ 49,975,000
Interest Rate: 5.25% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Chase Securities Inc.
Minimum Denomination: $100,000
Interest Payment Dates: All interest is payable at the stated maturity date.
Record Dates: N/A
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: 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 August 31, 1998, the Guarantor did not have any
secured indebtedness outstanding and CHL had $77,323,000
aggregate principal amount of secured indebtedness outstanding.
As of that date, CHL had $7,704,397,000 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. 333-66467 and 333-66467-01
PRICING SUPPLEMENT NO. 6 DATED January 7, 1999
(To Prospectus Dated November 10, 1998, as Supplemented November 10, 1998)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES H
UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FLOATING RATE NOTES
-------------------
Trade Date: January 7, 1999 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: January 13, 1999 Principal Amount: $ 20,000,000
Stated Maturity Date: January 13, 2000 Net Proceeds: $ 19,990,000
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: 5.14516% 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 10 basis points
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement
Interest Payment Dates: January 13, April Date: N/A
13, July 13 and Fixed Interest Rate: N/A
October 13, 1999,
commencing April
13, 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
August 31, 1998, the Guarantor did not have any secured indebtedness
outstanding and CHL had $77,323,000 aggregate principal amount of
secured indebtedness outstanding. As of that date, CHL had
$7,704,397,000 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.
