RNS Number:5763S
Ocwen Mortgage Loans 3 PLC
16 October 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
16-OCT-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:               16-OCT-2000  To 15-NOV-2000  Payment Date 15-NOV-2000
Number of Days:       30
Rate:                 10.06031          Pool Factor:   0.150114164              
    
Denomination GBP:     375,285.41
Amount Payable
Per Denomination:     3,094.66

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




To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
16-OCT-2000.

Issue:                 OCWEN MORTGAGE LOANS 3 PLC- CLASS M
                       #13,100,000 Mortgage Backed FRN due May 2031
ISIN NO:               XS0098004095          
Issue NominalGBP:      13,100,000.00
Period:                16-Oct-2000  To   15-Nov-2000  Payment Date: 15-Nov-2000
Number of Days:        30
Rate:                  7.36031                  
DenominationGBP:       13,100,000.00
Amount Payable
Per Denomination:      79,032.84

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



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
16-OCT-2000.

Issue:                 OCWEN MORTGAGE LOANS 3 PLC- CLASS B
                       #9,400,000 Mortgage Backed FRN due May 2031
ISIN NO:               XS0098004509          
Issue NominalGBP:      9,400,000.00
Period:                16-Oct-2000  To   15-Nov-2000  Payment Date: 15-Nov-2000
Number of Days:        30
Rate:                  8.56031                  
DenominationGBP:       9,400,000.00
Amount Payable
Per Denomination:      65,956.49

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



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