RNS Number:6032K
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 A
                     #164,500,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:             XS0098003444        
Issue Nominal GBP:   164,500,000.00
Period:              15/05/00    To    15/06/00   Payment Date 15/06/2000
Number of Days:      31
Rate:                6.60942                    Pool Factor: 0.708506321        
  
Denomination GBP:    116,549,289.86
Amount Payable
Per Denomination:    652,459.55

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

END



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