16NW Barclays.27

RNS Number:2659X
Ocwen Mortgage Loans 3 PLC
15 January 2001


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-Jan-2001.

Issue:            Ocwen Mortgage 3 PLC - Class B
                  #9,400,000 Mortgage Backed FRN due May 2031
ISIN NO:          XS0098004508               
Issue Nominal GBP:9,400,000.00
Period:           15-Jan-2001    To   15-Feb-2001 Payment Date 15-Feb-2001
Number of Days:   31
Rate:             8.4925                       
Denomination GBP: 9,400,000.00
Amount Payable    67,800.40
Per Denomination:

From:
Steven Coutts                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services      Facsimile 44 (0) 1202 34 7438

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