-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AsOQXdghUf2k7w/wDQOS9rFHqDVT2Mt4hHmnUekrxmTnn/DVn/e66i47sgnpS1J+ x0OV0n8r3ILxHX21pdPWxw== 0000895345-97-000382.txt : 19971023 0000895345-97-000382.hdr.sgml : 19971023 ACCESSION NUMBER: 0000895345-97-000382 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971022 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE HOME LOANS INC CENTRAL INDEX KEY: 0000814509 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 132631719 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-31529 FILM NUMBER: 97698996 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182253000 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: COUNTRYWIDE FUNDING CORP DATE OF NAME CHANGE: 19931018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE CREDIT INDUSTRIES INC CENTRAL INDEX KEY: 0000025191 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 132641992 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-31529-01 FILM NUMBER: 97698997 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182253000 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 424B3 1 PROSPECTUS SUPPLEMENT Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 10 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $3,000,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $2,982,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Countrywide Securities Corporation Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 11 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $42,000,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $41,748,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Salomon Brothers Inc Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 12 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry:|X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $28,000,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $27,832,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: J.P. Morgan Securities Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 13 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $29,500,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $29,323,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Merrill Lynch & Co. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 14 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $28,000,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $27,832,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: NationsBanc Montgomery Securities, Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 15 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $28,000,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $27,832,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Goldman, Sachs & Co. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 16 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $41,500,000 Stated Maturity Date: October 22, 2004 Net Proceeds: $41,251,000 Interest Rate: 6.84% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Lehman Brothers Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 17 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $150,000,000 Stated Maturity Date: September 21, 2001 Net Proceeds: $149,475,000 Interest Rate: 6.58% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: J.P. Morgan Securities Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 18 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $50,000,000 Stated Maturity Date: September 21, 2001 Net Proceeds: $49,825,000 Interest Rate: 6.58% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Lehman Brothers Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 19 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $14,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $13,951,000 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Salomon Brothers Inc Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 20 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $14,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $13,951,000 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: J.P. Morgan Securities Inc Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 21 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $15,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $14,947,500 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Countrywide Securities Corporation Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 22 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $15,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $14,947,500 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: NationsBanc Montgomery Securities, Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 23 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $14,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $13,951,000 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Goldman, Sachs & Co. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 24 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $14,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $13,951,000 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Lehman Brothers Inc. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. Rule 424(b)(3) File Nos. 333-31529 and 333-31529-01 PRICING SUPPLEMENT NO. 25 DATED OCTOBER 17, 1997 (To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997) COUNTRYWIDE HOME LOANS, INC. MEDIUM-TERM NOTES, SERIES F 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: October 17, 1997 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: October 22, 1997 Principal Amount: $14,000,000 Stated Maturity Date: October 23, 2000 Net Proceeds: $13,951,000 Interest Rate: 6.43% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Merrill Lynch & Co. Minimum Denomination: $100,000 Interest Payment Dates: April 15 and October 15, commencing April 15, 1998 Record Dates: March 31 and September 30 Redemption: Repayment: Check box opposite applicable paragraph: Check box opposite applicable paragraph: |X| The Notes cannot be redeemed prior to |X| The Notes cannot be repaid prior maturity. to maturity. |_| The Notes may be redeemed prior to |_| The Notes may be repaid prior to maturity. maturity. Initial Redemption Date: Optional Repayment Dates: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Additional/Other Terms: N/A -------------- The Notes to which this Pricing Supplement relates will constitute unsecured and unsubordinated indebtedness of CHL and will rank pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness. As of August 31, 1997, the Guarantor did not have any secured indebtedness outstanding, and CHL had $371,313,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $5,344,560,000 aggregate principal amount of unsecured and unsubordinated indebtedness outstanding, which indebtedness ranked pari passu in right of payment with CHL's other unsecured and unsubordinated indebtedness and will rank pari passu in right of payment with the Notes to which this Pricing Supplement relates. -----END PRIVACY-ENHANCED MESSAGE-----