RNS Number:3357H
Ocwen Mortgage Loans 3 PLC
15 March 2000

To:   Company Announcements Office

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

Issue:             Ocwen Mortgage Loans 3 PLC -Class M 
                   #13,100,000 Mortgage Backed FRN due May 2031
ISIN NO:           XS0098004095          Payment Date 17-Apr-2000
Issue Nominal GBP: 13,100,000.00
Period:            15-Mar-2000     To    17-Apr-2000
Number of Days:    33
Rate:              7.3
Denomination GBP:  13,100,000.00
Amount Payable
Per Denomination:  86,223.77

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


END

RC JAMJTMMIBBBM


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