PASADENA, Calif. -- Countrywide Credit Industries Inc., the nation's largest residential mortgage lender and servicer, announced that net earnings for the third fiscal quarter, which ended Nov. 30, fell to $16.2 million, or 18 cents a share, from $43 million, or 46 cents a share, a year earlier.

Countrywide's board declared a cash dividend of 8 cents a share for the third fiscal quarter, payable Jan. 23, 1995 to shareholders of record of Dec. 27, 1994.

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