COUNTRYWIDE CREDIT INDUSTRIES INC
8-K, 2000-06-27
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                                                    35

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

Date of Report:   June 26, 2000

Date of Earliest Event Reported:    June 15, 2000


                       COUNTRYWIDE CREDIT INDUSTRIES, INC.

                      (Exact name of registrant as specified in its charter)

Delaware                    1-8422                                95-4083087
(State or Other Jurisdiction (Commission File Number)  (IRS Employer
         of Incorporation)                               Identification Number)

4500 Park Granada, Calabasas, CA 91302(Address of principal executive offices)
       (Zip code)
Registrant's telephone number, including area code:  (818) 225-3000





<PAGE>


Item 5.  Other Events.

                  In   connection   with  the  offering  (the   "Offering")   of
$3,000,000,000  aggregate  principal amount of Medium-Term Notes,  Series I (the
"Notes") of Countrywide  Home Loans (the "CHL"),  a New York  corporation  and a
wholly owned subsidiary of Countrywide Credit Industries,  Inc. (the "Company"),
which  Notes are  guaranteed  as to payment of  principal  and  interest  by the
Company (the "Guarantees"), the Company is hereby filing as (1) Exhibit 1 hereto
a copy of the Selling Agency Agreement  entered into by CHL and the Company with
the  agents of the  Offering;  (2)  Exhibit 2 hereto  the form of the fixed rate
Notes (and related Guarantee) to be issued in connection with the Offering;  (3)
Exhibit 3 hereto the form of the floating  rate Notes to be issued in connection
with the  Offering;  and (4)  Exhibit 4 hereto the  opinion of Munger,  Tolles &
Olson LLP,  counsel to CHL and the  Company,  as to certain  tax  matters.  Such
Selling Agency Agreement,  forms of Notes and Opinion are hereby incorporated by
reference  as  Exhibits  1.4,  4.15,  4.16  and  8.1,  respectively,   into  the
Registration Statement on Form S-3 (File Nos. 333-82583 and 333-82583-01) of CHL
and the Company (the "Registration  Statement")  pursuant to which the Notes and
the Guarantees were registered under the Securities Act of 1933, as amended. The
Registration  Statement was declared  effective by the  Securities  and Exchange
Commission on June 8, 2000.

Item 7.  Financial Statements and Exhibits.

                  The following documents are filed as Exhibits hereto:

Exhibit No. Description
1 Selling Agency Agreement, dated June 15, 2000, among
Countrywide  Home Loans,  Inc.,  Countrywide  Credit  Industries,  Inc.,  Lehman
Brothers Inc., Banc of America  Securities LLC, Chase Securities Inc.,  Deutsche
Bank Securities  Inc.,  Goldman,  Sachs & Co., Merrill Lynch,  Pierce,  Fenner &
Smith   Incorporated,   J.P.  Morgan  Securities  Inc.,  Morgan  Stanley  &  Co.
Incorporated, Salomon Smith Barney Inc. and Countrywide Securities Corporation

2 Form of Fixed Rate Medium-Term Note
3 Form of Floating Rate Medium-Term Note

4  Opinion  of  Munger,  Tolles  & Olson  LLP,  counsel  to  Countrywide  Credit
Industries and Countrywide Home Loans, as to certain tax
                                     matters


<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this  report  to be  signed  on behalf of the
undersigned hereunto duly authorized.

Dated:  June 26, 2000

COUNTRYWIDE CREDIT INDUSTRIES, INC.



By: /s/ STANFORD L. KURLAND
Stanford L. Kurland
Senior Managing Director and
Chief Operating Officer


<PAGE>


                                  EXHIBIT INDEX

Exhibit No.          Description
1 Selling Agency  Agreement,  dated June 15, 2000, among Countrywide Home Loans,
Inc., Countrywide Credit Industries,
Inc.,  Lehman  Brothers Inc., Banc of America  Securities LLC, Chase  Securities
Inc.,  Deutsche Bank  Securities  Inc.,  Goldman,  Sachs & Co.,  Merrill  Lynch,
Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities Inc., Morgan Stanley
& Co.  Incorporated,  Salomon  Smith  Barney  Inc.  and  Countrywide  Securities
Corporation

2 Form of Fixed Rate Medium-Term Note

3 Form of Floating Rate Medium-Term Note

4  Opinion  of  Munger,  Tolles  & Olson  LLP,  counsel  to  Countrywide  Credit
Industries and Countrywide Home Loans, as to certain tax matters



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