RNS Number:6034K
Ocwen Mortgage Loans 3 PLC
15 May 2000



To:   Company Announcements Office

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

Issue:               OCWEN MORTGAGE LOANS 3 PLC - CLASS B
                     #9,400,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:             XS0098004509         
Issue Nominal GBP:   9,400,000.00
Period:              15/05/00    To    15/06/00   Payment Date 15/06/2000
Number of Days:      31
Rate:                8.70942           
Denomination GBP:    9,400,000.00
Amount Payable
Per Denomination:    69,342.21

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

END



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