Rule 424(b)(3)
File Nos. 333-66467 and 333-66467-01
PRICING SUPPLEMENT NO. 31 DATED May 3, 2000
(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: May 3, 2000 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: May 8, 2000 Principal Amount: $ 100,000,000
Stated Maturity Date: May 8, 2001 Net Proceeds: $ 100,000,000
Interest Rate: 7.25% Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Countrywide Securities Corporation
Minimum Denomination: $1,000
Interest Payment Dates: May 8, 2001
Record Dates: April 23, 2001
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:
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 November 30, 1999, the Guarantor did not have
any secured indebtedness outstanding and CHL had $116,610,000
aggregate principal amount of secured indebtedness outstanding.
As of that date, CHL had $8,684,754,000 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.
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Effective June 17, 1999, CHL reduced the aggregate offering price of
the Medium-Term Notes, Series H, issuable under the medium-term note
program described in the Prospectus Supplement, dated November 10, 1998, to
the Prospectus, dated November 10, 1998, to $2,250,000,000 from
$3,000,000,000.
