RNS Number:6035K
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 S
                     #2,500,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:             XS0098004848        
Issue Nominal GBP:   2,500,000.00
Period:              15/05/00    To    15/06/00   Payment Date 15/06/2000
Number of Days:      31
Rate:                10.20942               Pool Factor: 0.596323364           
Denomination GBP:    1,490,808.41
Amount Payable
Per Denomination:    12,891.50

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

END



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