Rule 424(b)(3)
                                            File Nos. 333-74042 and 333-74042-03

PRICING SUPPLEMENT NO. 19 DATED June 4, 2002
(To Prospectus Dated December 4, 2001, as Supplemented December 21, 2001)

                                                    COUNTRYWIDE HOME LOANS, INC.
                                                     Medium-Term Notes, Series K
                                      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:                May 15, 2002                       Book Entry:    |x|
Issue Price:               100%                               Certificated:  |_|
Original Issue Date:       June 7, 2002   Principal Amount:           $5,000,000
Stated Maturity Date:      June 7, 2022   Net Proceeds:               $4,877,500
Interest Rate:             7.05%        Specified Currency:         U.S. Dollars


Exchange Rate Agent:       N/A

Agent:                     Countrywide Securities Corporation

Minimum Denomination:      $1,000
     Interest  Payment  Dates:  Monthly on the 7th of each month,  commencing on
July 7, 2002
Record Dates: 10 days prior to the Interest Payment Date

Redemption:                                      Repayment:

     Check box opposite  applicable  paragraph:  Check box  opposite  applicable
paragraph:
     |_| The Notes cannot be redeemed prior to maturity. |_| The Notes cannot be
repaid prior to maturity.
     |x| The  Notes  may be  redeemed  prior to  maturity.  |_| The Notes may be
repaid prior to maturity.
     Initial Redemption Date:  June 7, 2005            Optional Repayment Dates:
     Initial Redemption Percentage:  100%
     Annual Redemption Percentage Reduction, if any:

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

          Additional/Other  Terms:  The notes may be  redeemed  at any time,  in
     whole or in part, on or after the Initial  Redemption Date upon 10 business
     days' notice to Holder.



          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 March  31,  2002,  Countrywide  Credit
     Industries  did  not  have  any  secured  indebtedness   outstanding,   and
     Countrywide Home Loans did not have any secured  indebtedness  outstanding.
     As of that  date,  Countrywide  Home  Loans had  $17,223,739,391  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.