Rule 424(b)(3)
File Nos. 333-66467 and 333-66467-01
PRICING SUPPLEMENT NO. 13 DATED APRIL 22, 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
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Trade Date: April 22, 1999 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: April 30, 1999 Principal Amount: $ 15,000,000
Stated Maturity Date: April 30, 2019 Net Proceeds: $ 14,722,500
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: April 30 and October 30, commencing October 30, 1999
Record Dates: April 15 and October 15
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:
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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 February 28, 1999, the Guarantor did not have
any secured indebtedness outstanding and CHL had $87,635,000
aggregate principal amount of secured indebtedness outstanding.
As of that date, CHL had $8,216,382,000 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.
