RNS Number:6125F
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 B
                    #9,400,000 Mortgage Backed FRN due May 2031
ISIN NO:            XS0098004509         Payment Date 15/MAR/2000
Issue Nominal GBP:  9,400,000.00
Period:             15/FEB/2000     To    15/MAR/2000
Number of Days:     29
Rate:               8.64203
Denomination GBP:   9,400,000.00
Amount Payable
Per Denomination:   64,366.60

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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