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/FIRST AND FINAL ADD -- LA012 -- COUNTRYWIDE CREDIT EARNINGS/

 /FIRST AND FINAL ADD -- LA012 -- COUNTRYWIDE CREDIT EARNINGS/
 COUNTRYWIDE CREDIT INDUSTRIES INC.
 Financial Highlights
 Third Quarter Ended
 Nov. 30,
 1991 1990
 Revenue (net of interest
 expense) $67,391,000 $34,839,000
 Net earnings $17,212,000 $6,084,000
 Earnings per share
 Primary $.56 $.30
 Fully diluted $.52 $.27
 Weighted average number of
 shares outstanding
 Primary 28,927,000 17,356,000
 Fully diluted 33,203,000 23,545,000
 Volume of loans produced $3,367,422,000 $1,179,574,000
 Loan servicing portfolio (a) $22,922,156,000 $14,277,275,000
 Nine Months Ended
 Nov. 30,
 1991 1990
 Revenue (net of interest
 expense) $163,660,000 $98,069,000
 Net earnings $38,202,000 $15,531,000
 Earnings per share
 Primary $1.39 $.81
 Fully diluted $1.27 $.76
 Weighted average number of
 shares outstanding
 Primary 25,409,000 17,428,000
 Fully diluted 30,139,000 21,371,000
 Volume of loans produced $7,569,900,000 $3,365,089,000
 Loan servicing portfolio (a) $22,922,156,000 $14,277,275,000
 Three Months Ended
 Nov. 30, Aug. 31,
 1991 1991
 Revenue (net of interest
 expense) $67,391,000 $52,589,000
 Net earnings $17,212,000 $11,916,000
 Earnings per share
 Primary $.56 $.45
 Fully diluted $.52 $.41
 Weighted average number of
 shares outstanding
 Primary 28,927,000 24,570,000
 Fully diluted 33,203,000 28,904,000
 Volume of loans produced $3,367,422,000 $2,442,604,000
 Loan servicing portfolio (a) $22,922,156,000 $19,541,753,000
 (a) Includes warehoused loans and loans serviced under subservicing contracts.
 -0- 12/3/91 AA LA012
 /END FIRST AND FINAL ADD/ CO: Countrywide Credit Industries Inc. ST: California IN: SU: ERN


KJ-CH -- LA012A -- 8762 12/03/91 12:39 EST
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Date:Dec 3, 1991
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