RNS Number:6127F
Ocwen Mortgage Loans 3 PLC
15 February 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-Feb-2000.

Issue:        Ocwen Mortgage Loans 3 PLC - Class S
              #2,500,000 Mortgage Backed FRN due May 2031

ISIN NO:           XS0098004848       Payment Date   15-Mar-2000
Issue Nominal GBP: 2,500,000.00
Period:            15-Feb-2000     To      15-Mar-2000
Number of Days:    29
Rate:              10.14203          Pool Factor:  0.851524072
Denomination GBP:  2,128,810.18
Amount Payable
Per Denomination:  17,107.19


From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939


END

RC TAMJTMMJBBMM


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