RNS Number:9423V
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 S
                     #2,500,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:             XS0098004848            
Issue Nominal GBP:   2,500,000.00
Period:              15-DEC-2000    To   15-JAN-2001   Payment Date 15-JAN-2001
Number of Days:      31
Rate:                9.99875                    
Denomination GBP:    2,500,000.00
Amount Payable       
Per Denomination:    402.62

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




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 B
                     #9,400,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:             XS0098004509            
Issue Nominal GBP:   9,400,000.00
Period:              15-DEC-2000    To   15-JAN-2001   Payment Date 15-JAN-2001
Number of Days:      31
Rate:                8.49875                   
Denomination GBP:    9,400,000.00
Amount Payable
Per Denomination:    67,850.29

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






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 M
                     #13,100,000 MORTGAGE BACKED FRN DUE MAY 2031

ISIN NO:             XS0098004095           
Issue Nominal GBP:   13,100,000.00
Period:              15-DEC-2000    To   15-JAN-2001   Payment Date 15-JAN-2001
Number of Days:      31
Rate:                7.29875                   
Denomination GBP:    13,100,000.00
Amount Payable
Per Denomination:    81,206.09

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


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