RNS Number:5780S
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 A
                    #164,500,000 MORTGAGE BACKED FRN DUE MAY 2031
ISIN NO:            XS0098003444         
Issue Nominal GBP:  164,500,000.00
Period:             16-OCT-2000    To   15-NOV-2000   Payment Date  15-NOV-2000
Number of Days:     30
Rate:               6.46031             Pool Factor:  0.552664345              
Denomination GBP:   90,913,284.82
Amount Payable
Per Denomination:   481,416.40

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