-----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, NK/feZ63/mrfNG7ZVarKsIYAjiE62oM6uVVm8ewG5MSBHMwBS1Ln0mwI1+Z9sveh vDirhgffDHEI0jX3UFEbag== 0000895345-98-000053.txt : 19980212 0000895345-98-000053.hdr.sgml : 19980212 ACCESSION NUMBER: 0000895345-98-000053 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980211 SROS: NYSE SROS: PCX 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: 98531595 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: 98531596 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. 41 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $ 8,000,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $ 7,952,000 Interest Rate: 6.51% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Countrywide Securities Corporation Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 42 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $25,000,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $24,850,000 Interest Rate: 6.51 % Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Salomon Brothers Inc Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 43 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $30,685,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $30,500,890 Interest Rate: 6.51% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Merrill Lynch & Co. Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 44 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $10,000,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $ 9,940,000 Interest Rate: 6.51% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Goldman, Sachs & Co. Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 45 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $50,000,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $49,700,000 Interest Rate: 6.51% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: Lehman Brothers Inc. Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 46 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $20,000,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $19,880,000 Interest Rate: 6.51% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: NationsBanc Montgomery Securities LLC Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 47 DATED FEBRUARY 6, 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. FIXED RATE NOTES ---------------- Trade Date: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $19,000,000 Stated Maturity Date: February 11, 2005 Net Proceeds: $18,886,000 Interest Rate: 6.51% Specified Currency: U.S. Dollars Exchange Rate Agent: N/A Agent: J.P. Morgan Securities Inc. Minimum Denomination: $100,000 Interest Payment Dates: January 15 and July 15, commencing July 15, 1998 Record Dates: December 31 and June 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 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. 48 DATED FEBRUARY 6, 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: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $20,000,000 Stated Maturity Date: February 11, 2000 Net Proceeds: $19,950,000 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 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 Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or minus): Plus 10 Payment Date basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Date: N/A Interest Payment Dates: Every May 11, Fixed Interest Rate: N/A August 11, November 11 and February 11, commencing May 11, 1998 Agent: Lehman Brothers Inc. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph: |X| The Notes cannot be |X| The Notes cannot be redeemed prior to maturity. repaid prior to maturity. |_| The Notes may be redeemed |_| The Notes may be prior to maturity. repaid 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. 49 DATED FEBRUARY 6, 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: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $20,000,000 Stated Maturity Date: February 11, 2000 Net Proceeds: $19,950,000 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 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 Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or minus): Plus 10 Payment Date basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Date: N/A Interest Payment Dates: Every May 11, Fixed Interest Rate: N/A August 11, November 11 and February 11, commencing May 11, 1998 Agent: Salomon Brothers Inc Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph: |X| The Notes cannot be |X| The Notes cannot be redeemed prior to maturity. repaid prior to maturity. |_| The Notes may be redeemed |_| The Notes may be prior to maturity. repaid 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. 50 DATED FEBRUARY 6, 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: February 6, 1998 Book Entry: |X| Issue Price: 100% Certificated: |_| Original Issue Date: February 11, 1998 Principal Amount: $80,000,000 Stated Maturity Date: February 11, 2000 Net Proceeds: $79,800,000 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 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 Dates: Two Business Interest Factor Convention: N/A Days prior to Index Maturity: Three months each Interest Spread (plus or minus): Plus 10 Payment Date basis points Interest Reset Dates: Same as Interest Spread Multiplier: N/A Payment Dates Fixed Rate Commencement Date: N/A Interest Payment Dates: Every May 11, Fixed Interest Rate: N/A August 11, November 11 and February 11, commencing May 11, 1998 Agent: Merrill Lynch & Co. Calculation Agent: The Bank of New York Redemption: Repayment: Check box opposite applicable Check box opposite applicable paragraph: paragraph: |X| The Notes cannot be |X| The Notes cannot be redeemed prior to maturity. repaid prior to maturity. |_| The Notes may be redeemed |_| The Notes may be prior to maturity. repaid 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-----