RNS Number:5129P
Ocwen Mortgage Loans 3 PLC
15 August 2000


Letter To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-Aug-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-Aug-2000    To  15-Sep-2000  Payment Date  15-Sep-2000
Number of Days:    31
Rate:              6.45781               Pool Factor:  0.608718786             
Denomination GBP:  100,134,240.30
Amount Payable
Per Denomination:  547,707.24


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