Rule 424(b)(3)
                                          File Nos. 333-103623 and 333-103623-03


PRICING SUPPLEMENT NO. 13 DATED JANUARY 15, 2004
     (To Prospectus Dated March 20, 2003, and Prospectus  Supplement Dated April
8, 2003)

                          COUNTRYWIDE HOME LOANS, INC.
                           Medium-Term Notes, Series L
                   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
                               Floating Rate Notes


Trade Date:                January 12, 2004                   Book Entry:    |x|
Issue Price:               100%                               Certificated:  |_|
Original Issue Date:       January 15, 2004 Principal Amount:     $1,050,000,000
Stated Maturity Date:      January 18, 2005 Net Proceeds:         $1,049,475,000
                                            Specified Currency:   U.S. Dollars

     Base  Rate(s):  |_| CD Rate |_|  Eleventh  District  |_| Prime Rate
                                      Cost of Funds Rate
     |_| Commercial Paper Rate |_| Federal Funds Rate |_| Treasury Rate
     |_| CMT Rate              |x| LIBOR              |_| Other
     Telerate Page 7051 [ ] Telerate Page 3750 [ ] Reuters Page [ ]
     Telerate Page 7052 [ ] Currency: [ ]
                            |_|  Weekly Average
                            |_|  Monthly Average

Exchange Rate Agent:       N/A

Minimum Denomination:      $1,000     Maximum Interest Rate:                 N/A
Initial Interest Rate:     1.19%      Minimum Interest Rate:                 N/A
Interest  Determination  Dates: Two London  Business Days
                                prior to each Interest
                                Payment Date
Interest  Factor Convention: N/A

Index Maturity:            3 months
Interest  Reset  Dates:  Same as Interest  Payment  Dates  Spread  (plus or
minus): plus 7 basis points
Spread Multiplier:                     N/A
Interest Payment Dates:    April 15, 2004, July 15, 2004,
                           October 15, 2004, and January
                           18, 2005
                                      Fixed Rate Commencement Date:          N/A
                                      Fixed Interest Rate:                   N/A

Agents: Morgan Stanley & Co., Incorporated, Banc One Capital Markets, Inc.,
J.P.  Morgan  Securities,  Inc.,  RBC  Dominion  Securities  Corp.,  BNP Paribas
Securities Corp.,  Countrywide  Securities  Corporation,  Barclays Capital Inc.,
HSBC Securities (USA), Inc., Dresdner Kleinwort Wasserstein  Securities LLC, and
Wachovia Securities Inc.
Calculation Agent:        The Bank of New York

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:             N/A







         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, 2003, Countrywide Financial Corporation
(formerly known as Countrywide Credit Industries, Inc.) did not have any secured
indebtedness outstanding, and Countrywide Home Loans had $5,585,886,020 of
secured indebtedness outstanding, including $25,016,000 of intercompany
borrowings. As of that date, Countrywide Home Loans had $18,623,457,095
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.


         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 Agent(s) 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 Agent(s) 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.