16NW Barclays.27

RNS Number:5920C
Ocwen Mortgage Loans 3 PLC
15 December 1999

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15/DEC/99.

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/99   To   17/JAN/2000   Payment Date  17/JAN/2000
Number of Days:      33
Rate:                8.21984     
Denomination GBP:    9,400,000.00
Amount Payable
Per Denomination:    69,666.51

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

END

RC NFSASFEANFFN

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