RNS Number:5132P
Ocwen Mortgage Loans 3 PLC
15 August 2000

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 S
                  #2,500,000 Mortgage Backed FRN due May 2031

ISIN NO:          XS0098004848               
Issue Nominal GBP:2,500,000.00
Period:           15-Aug-2000    To   15-Sep-2000  Payment Date  15-Sep-2000
Number of Days:   31
Rate:             10.05781       Pool Factor:  0.294168088                     
Denomination GBP: 735,420.22
Amount Payable
Per Denomination: 6,264.98

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