Rule 424(b)(3)
                                            File Nos. 333-74042 and 333-74042-03
PRICING SUPPLEMENT NO. 30 DATED DECEMBER 12, 2002
(To Prospectus dated December 4, 2001 and Prospectus Supplement dated 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 FINANCIAL CORPORATION
                                Fixed Rate Notes


Trade Date:                December 12, 2002                  Book Entry:    |X|
Public Offering Price:     99.650%                            Certificated:  |_|
Agent Discount:            .300%     Principal Amount:              $750,000,000
Purchase Price:            99.350%
Proceeds, before expenses, to Countrywide Home Loans:  $745,125,000
Original Issue Date:       December 17, 2002
Stated Maturity Date:      December 19, 2005       CUSIP:              22237LNC2
Minimum Denomination:      $1,000                  ISIN:            US22237LNC27
Specified Currency:        U.S. Dollars            Common Code:        016006980
Interest Rate:             3.500%
     Interest Payment Dates:  June 19 and December 19 each year,  beginning June
19, 2003
Record Dates:              June 4 and December 4

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.

         The Notes to which this Pricing Supplement relate will constitute
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with Countrywide Home Loans' other unsecured and unsubordinated
indebtedness. As of September 30, 2002, Countrywide Financial Corporation
(formerly known as Countrywide Credit Industries, Inc.) did not have any secured
indebtedness outstanding, and Countrywide Home Loans had $280,226,889 of secured
indebtedness outstanding. As of that date, Countrywide Home Loans had
$16,017,992,015 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.


                           Joint Book-Running Managers

     BANC ONE CAPITAL MARKETS, INC.       JPMORGAN       LEHMAN BROTHERS

                                  Lead Managers

     WACHOVIA SECURITIES                COUNTRYWIDE SECURITIES CORPORATION

                                   Co-Managers

   BNY CAPITAL MARKETS, INC. COMMERZBANK CAPITAL MARKETS CORP.  CREDIT LYONNAIS
                                                                 SECURITIES




     In  connection  with the offering,  Banc One Capital  Markets,  Inc.,  J.P.
Morgan  Securities Inc. and Lehman Brothers Inc. or their respective  affiliates
may  over-allot or effect  transactions  which  stabilize or maintain the market
price  of the  Notes  at a  level  that  might  not  otherwise  prevail.  In any
jurisdiction where there can only be one stabilizing agent, Lehman Brothers Inc.
or  its  affiliates  shall  effect  such  transactions.   This  stabilizing,  if
commenced, may be discontinued at any time and will be carried out in compliance
with the applicable laws, regulations and rules.


                              DESCRIPTION OF NOTES

         The following information supplements and, to the extent inconsistent
with, replaces the description of the general terms and provisions of the
Countrywide Home Loans Medium-Term Notes, Series K, contained in the
accompanying Prospectus Supplement and Prospectus.

Reopening

         Countrywide Home Loans may, without the consent of the holders of the
Notes, reopen this issue of Notes and issue additional notes of the same series
with substantially similar terms (except for the Public Offering Price and
Original Issue Date and under some circumstances, the first interest payment
date).

Form and Settlement

         The Notes will be represented by one or more global certificates in
fully registered form. Each global certificate will be deposited with, or on
behalf of, The Depository Trust Company ("DTC") and registered in the name of
DTC or its nominee. Investors may elect to hold their beneficial interests in a
global certificate through DTC, Clearstream Banking, societe anonyme, Luxembourg
or Euroclear Bank S.A./N.V., as operator of the Euroclear System, if they are
participants in such systems, or indirectly through organizations that are
participants in such system. Clearstream and Euroclear will hold interests on
behalf of their participants through customers' securities accounts in
Clearstream's and Euroclear's names on the books of their respective
depositaries, which in turn will hold such interests in customers' securities
accounts in the depositaries' names on DTC's books.


                                  UNDERWRITING

     Subject to the terms of a Terms  Agreement,  dated as of December 12, 2002,
among  Countrywide  Home  Loans,  Countrywide  Financial  Corporation,  Banc One
Capital  Markets,  Inc.,  J.P.  Morgan  Securities  Inc.,  Lehman Brothers Inc.,
Wachovia  Securities,  Inc.,  Countrywide  Securities  Corporation,  BNY Capital
Markets,  Inc., Commerzbank Capital Markets Corp. and Credit Lyonnais Securities
(USA) Inc.  (collectively,  the "Agents"),  Countrywide Home Loans has agreed to
sell to the Agents,  and the Agents  have  agreed  severally  to  purchase,  the
principal amounts of Notes set forth opposite their names below:

                                                                Principal Amount
                  Agents                                            of the Notes
                       ------                                 ------------------
         Banc One Capital Markets, Inc.                          $ 131,250,000
         J.P. Morgan Securities Inc.                               131,250,000
         Lehman Brothers Inc.                                      131,250,000
         Wachovia Securities, Inc.                                 131,250,000
         Countrywide Securities Corporation                         75,000,000
         BNY Capital Markets, Inc.                                  50,000,000
         Commerzbank Capital Markets Corp.                          50,000,000
         Credit Lyonnais Securities (USA) Inc.                      50,000,000
                                                       -------------------------
                                                               $   750,000,000

         Under the terms and conditions of the Terms Agreement, the Agents are
committed to take and pay for all of the Notes, if any are taken.

         The Agents propose to offer the Notes initially at the public offering
price set forth on the cover page of this Pricing Supplement and to certain
dealers at such price less a concession not in excess of .175% of the principal
amount of the Notes. The Agents may allow, and the dealers may reallow, a
discount not in excess of .100% of the principal amount of the Notes on sales to
certain other dealers. After the initial public offering, the public offering
price and other selling terms may from time to time be varied by the Agents.

         The Notes are a new issue of securities with no established trading
market. Countrywide Home Loans has been advised by the Agents that they intend
to make a market in the Notes, but they are not obligated to do so and may
discontinue market making at any time without notice. No assurance can be given
as to the liquidity of the trading market for the Notes.

         Countrywide Home Loans has agreed to indemnify the Agents against
certain liabilities under the Securities Act of 1933, as amended, as described
in the accompanying Prospectus Supplement.

                                                          ------------------


         You should rely only on the information contained or incorporated by
reference in this Pricing Supplement and the accompanying Prospectus Supplement
and Prospectus. Countrywide Home Loans, Inc. and Countrywide Financial
Corporation have not, and the Agents have not, authorized any other person to
provide you with different information. If anyone provides you with different or
inconsistent information, you should not rely on it. Countrywide Home Loans,
Inc. and Countrywide Financial Corporation are not, and the Agents are not,
making an offer to sell these securities in any jurisdiction where the offer or
sale is not permitted.

         You should assume that the information appearing in this Pricing
Supplement and the accompanying Prospectus Supplement and Prospectus is accurate
as of the date on the front cover of this Pricing Supplement only. The business,
financial condition, results of operations and prospects of Countrywide Home
Loans, Inc. and Countrywide Financial Corporation may have changed since that
date.