CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




We have  issued our  report  dated May 4, 1998,  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, 1998. 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.  333-06473,  effective  June 21, 1996;  File No.  33-59559 and  33-59559-01,
effective June 26, 1995 and as amended on March 26, 1997;  File No. 333-3835 and
333-3835-01,  effective  August 2, 1996 and amended on March 26, 1997;  File No.
333-14111, 333-14111-01,  333-14111-02, and 333-14111-03, effective December 10,
1996; File No.  333-31529 and  333-31529-01,  effective August 12, 1997), 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
December 20, 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; as  supplemented on September 28, 1996 and on Form S-4 (File
No. 333-37047, effective November 19, 1997).


GRANT THORNTON LLP




Los Angeles, California
May 4, 1998