RNS Number:2100J
Ocwen Mortgage Loans 3 PLC
17 April 2000




To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
17/APR/2000.

Issue:              OCWEN MORTGAGE LOANS 3 PLC - CLASS S
                    #2,500,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:            XS0098004848             Payment Date   15-MAY-2000
Issue Nominal GBP:  2,500,000.00
Period:             17/APR/2000     To      15/MAY/2000
Number of Days:     28
Rate:               9.94281            Pool Factor:  0.772210332
Denomination GBP:   1,930,525.83
Amount Payable
Per Denomination:   14,684.59

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

END

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