CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS






We  have  issued our report dated April 22, 1994, accompanying  the
consolidated  financial statements and schedules  included  in  the
Annual  Report of Countrywide Credit Industries, Inc. on Form  10-K
for  the  year ended February 28, 1994.  We hereby consent  to  the
incorporation  by  reference  of said report  in  the  Registration
Statements of Countrywide Credit Industries, Inc. on Form S-3 (File
No.  33-19708,  effective  January 26,  1988;  File  No.  33-29941,
effective   July   25,  1989;  File  No.  33-44194(-1),   effective
November  27, 1991; File No. 33-45174, effective February 6,  1992;
File No. 33-53048, effective October 9, 1992) and on Form S-8 (File
No. 33-9231, effective October 20, 1986, as amended on February 19,
1987;  File No. 33-17271, effective October 6, 1987; File  No.  33-
42625,  effective  September 6, 1991; File No. 33-56168,  effective
December  22, 1992; and File No. 33-69498, effective September  28,
1993).






Los Angeles, California
April 22, 1994












                           Exhibit 24.1