Rule 424(b)(3)
                                            File Nos. 333-82583 and 333-82583-01
PRICING  SUPPLEMENT  NO.22 DATED September 29, 2000 (To Prospectus Dated June 8,
2000, as Supplemented June 15, 2000)

                          COUNTRYWIDE HOME LOANS, INC.
                           Medium-Term Notes, Series I
                   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:                September 29, 2000                 Book Entry:    |x|
Issue Price:               100%                               Certificated:  |_|
Original Issue Date:       October 5, 2000     Principal Amount:     $20,000,000
Stated Maturity Date:      April 5, 2002       Net Proceeds:         $19,998,600
Interest Rate:             6.845%              Specified Currency:  U.S. Dollars


Exchange Rate Agent:       N/A

Agent:                     Countrywide Securities Corporation

Minimum Denomination:      $1,000
Interest Payment Dates:    April 5th and October 5th, commencing April 5, 2001
Record Dates: March 20th and September 21st

Redemption:                                               Repayment:

     Check box opposite  applicable  paragraph:  Check box  opposite  applicable
paragraph:
     |X| The Notes cannot be redeemed prior to maturity. |X| The Notes cannot be
repaid prior to maturity.
     |_| The  Notes  may be  redeemed  prior to  maturity.  |_| The Notes may be
repaid prior to maturity.
     Initial Redemption Date:                          Optional Repayment Dates:
     Initial Redemption Percentage:
     Annual Redemption Percentage Reduction, if any:

Estate Option: Check box if the Estate Option is applicable  |_|

Additional/Other Terms:





         The Notes to which this  Pricing  Supplement  relates  will  constitute
unsecured and  unsubordinated  indebtedness  of Countrywide  Home Loans and will
rank equally with  Countrywide  Home Loan's other  unsecured and  unsubordinated
indebtedness. As of May 31, 2000, Countrywide Credit Industries did not have any
secured  indebtedness  outstanding,  and Countrywide  Home Loans had $20,273,469
aggregate principal amount of secured indebtedness outstanding, all of which was
short-term   indebtedness.   As  of  that  date,   Countrywide  Home  Loans  had
$9,363,148,000  aggregate  principal  amount  of  unsecured  and  unsubordinated
indebtedness  outstanding,  which  indebtedness  ranked  equally  with the other
unsecured and  unsubordinated  indebtedness  of Countrywide  Home Loans and will
rank equally with the Notes to which this Pricing Supplement relates.