CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




We  have issued our report dated April 18, 1995, accompanying the
consolidated  financial statements and schedules  in  the  Annual
Report  of Countrywide Credit Industries, Inc. on form  10-K  for
the  year  ended  February 28, 1995.  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; File No. 33-51816
, effective September 9, 1992; File Nos. 33-50661 and 33-50661-01
, effective October 19, 1993) 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).


GRANT THORNTON LLP

Los Angeles, California
May 23, 1995