16NW Barclays.27

RNS Number:0974R
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 A
                  #164,500,000 Mortgage Backed FRN due May 2031

ISIN NO:          XS0098003444               
Issue NominalGBP: 164,500,000.00
Period:           15-Sep-2000  To  16-Oct-2000  Payment Date  16-Oct-2000
Number of Days:   31
Rate:             6.47063          Pool Factor:  0.58278817                     
DenominationGBP:  95,868,653.98
Amount Payable
Per Denomination: 525,416.62

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

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