-----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, OLAWr3JhFDXlt5hoVXEgfqvz4evzSMFRRhEL6wAM8dNefFHhrkKTnFm3Fs22+lcS 3BSvNTT6Y+5yOVCr0+u22w== 0000895345-98-000016.txt : 19980121 0000895345-98-000016.hdr.sgml : 19980121 ACCESSION NUMBER: 0000895345-98-000016 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980120 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: 98509366 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: 98509367 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. 27 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $10,000,000 Stated Maturity Date: January 20, 2000 Net Proceeds: $ 9,975,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.725% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 10 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Goldman, Sachs & Co. 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 |x| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 28 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $25,000,000 Stated Maturity Date: January 20, 2000 Net Proceeds: $24,937,500 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.725% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 10 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Salomon Brothers 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 29 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $15,000,000 Stated Maturity Date: January 20, 2000 Net Proceeds: $14,962,500 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.725% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 10 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Countrywide Securities Corporation 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 30 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $35,000,000 Stated Maturity Date: January 20, 2000 Net Proceeds: $34,912,500 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.725% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 10 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Merrill Lynch & Co. 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 31 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $15,000,000 Stated Maturity Date: January 20, 2000 Net Proceeds: $14,962,500 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.725% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 10 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Lehman Brothers 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 32 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $15,000,000 Stated Maturity Date: January 21, 2003 Net Proceeds: $14,925,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.925% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 30 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Goldman, Sachs & Co. 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 33 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $19,000,000 Stated Maturity Date: January 21, 2003 Net Proceeds: $18,905,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.925% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 30 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Salomon Brothers 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 34 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $36,000,000 Stated Maturity Date: January 21, 2003 Net Proceeds: $35,820,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.925% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 30 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: J.P. Morgan 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 35 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $10,000,000 Stated Maturity Date: January 21, 2003 Net Proceeds: $ 9,950,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.925% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 30 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Countrywide Securities Corporation 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 36 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $10,000,000 Stated Maturity Date: January 21, 2003 Net Proceeds: $ 9,950,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.925% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 30 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: Lehman Brothers 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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. 37 DATED JANUARY 14, 1998 (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. FLOATING RATE NOTES ------------------- Trade Date: January 14, 1998 Book Entry: |x| Issue Price: 100% Certificated: |_| Original Issue Date: January 20, 1998 Principal Amount: $20,000,000 Stated Maturity Date: January 21, 2003 Net Proceeds: $19,900,000 Specified Currency:U.S. Dollars Base |_| Commercial Paper |x| LIBOR |_| Certificate of Rate(s): Rate Telerate Page 3750 Deposit Rate |_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate |_| CMT Rate |_| Eleventh District |_| Other District Cost of Funds Rate Exchange Rate Agent: N/A Minimum Denomination: $100,000 Maximum Interest Rate: N/A Initial Interest Rate: 5.925% Minimum Interest Rate: N/A Interest Determination Interest Factor Dates: Two Business Days Convention: N/A prior to each Interest Index Maturity: Three months Payment Date Spread (plus or Interest Reset Dates: Same as Interest minus):Plus 30 basis points Payment Dates Spread Multiplier: N/A Interest Payment Dates: Every April 15, July 15, Fixed Rate Commencement October 15 and Date: N/A January 15, commencing Fixed Interest Rate: N/A April 15, 1998 Agent: NationsBanc Montgomery 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 |X| The Notes cannot be repaid to maturity. prior to maturity. |_| The Notes may be redeemed prior |_| The Notes may be repaid to maturity. prior to 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 November 30, 1997 the Guarantor did not have any secured indebtedness outstanding, and CHL had $258,207,000 aggregate principal amount of secured indebtedness outstanding. As of such date, CHL had $7,136,241,000 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-----