OTHER NEWS - April 30, 1996

Countrywide May Buy Former Lockheed Building: Countrywide Credit Industries Inc., the nation’s largest residential mortgage lender, said it is negotiating to buy the former Lockheed corporate headquarters building in Calabasas. The company said it needs more office space because it is growing quickly. Countrywide has 1,200 employees at its Pasadena headquarters, where the company entered a new lease in December 1994. It also has 1,400 workers at its Simi Valley facility. The company said it intends to keep both offices and hasn’t yet decided which departments will be moved.