16NW Barclays.27

RNS Number:6033K
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 M
                     #13,100,000 Mortgage Backed FRN due May 2031

ISIN NO:             XS0098004095            
Issue Nominal GBP:   13,100,000.00
Period:              15/May/2000  To  15/Jun/2000   Payment Date: 15/Jun/2000
Number of Days:      31
Rate:                7.50942   PCT
Denomination GBP:    13,100,000.00
Amount Payable
Per Denomination:    83,321.73

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

END

RC AAMATMMJBBBM

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