RNS Number:0969R
Ocwen Mortgage Loans 3 PLC
18 September 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15/SEP/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/SEP/2000    To   16/OCT/2000     Payment Date 16-OCT-2000
Number of Days:   31
Rate:             10.07063       Pool Factor:  0.192866236                      

Denomination GBP: 482,165.59
Amount Payable
Per Denomination: 4,112.76

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