RNS Number:3311M
Ocwen Mortgage Loans 3 PLC
15 June 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-JUN-2000

Issue:               OCWEN MORTGAGE LOANS 3 PLC - CLASS S
                     #2,500,000 MORTGAGE BACKED FRN DUE MAY 2031
ISIN NO:             XS0098004848            
Issue NominalGBP:    2,500,000.00
Period:              15-JUN-2000    To  17-JUL-2000  Payment Date 17-JUL-2000
Number of Days:      32
Rate:                10.07906     POOL FACTOR: 0.504293448                    
DenominationGBP:     1,260,733.62
Amount Payable        
Per Denomination:    11,109.95

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

END

RC FAMATMMMBBJM


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