RNS Number:9363V
Ocwen Mortgage Loans 3 PLC
15 December 2000



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-DEC-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-DEC-2000  To 15-JAN-2001  Payment Date  15-JAN-2001
Number of Days:           31
Rate:                     6.39875     Pool Factor: 0.503061489               
Denomination GBP:         82,753,614.98
Amount Payable
Per Denomination:         449,729.06

From:
Steven Coutts                        Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7945
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