16NW Barclays.27

RNS Number:5130P
Ocwen Mortgage Loans 3 PLC
15 August 2000



Letter To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-AUG-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-AUG-2000  To  15-SEP-2000   Payment Date  15-SEP-2000
Number of Days    : 31
Rate              : 7.35781         
Denomination GBP  : 13,100,000.00
Amount Payable
Per Denomination  : 81,639.53

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

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