16NW Barclays.27

RNS Number:0097O
Ocwen Mortgage Loans 3 PLC
17 July 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
17-JUL-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:               17-JUL-2000  To  15-AUG-2000    Payment Date  15-AUG-2000
Number of Days:       29
Rate:                 7.35375                   
Denomination GBP:     13,100,000.00
Amount Payable
Per Denomination:     76,330.32

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

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