Exhibit 24.1



               CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



     We  have  issued  our  report  dated  April  23,  1996,   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 29,
1996. 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.  33-53048,  effective  October 28, 1992; File No. 33-59559 and  33-59559-01,
effective June 26, 1995) and on Form S-8 (File No.  33-9231,  effective  October
20, 1986, as amended on February 19, 1987,  and as amended on December 20, 1988;
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 THORTON LLP

Los Angeles, California
April 23, 1996