16NW Barclays.27

RNS Number:3308M
Ocwen Mortgage Loans 3 PLC
15 June 2000


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-JUN-2000.

Issue:    OCWEN MORTGAGE LOANS 3 PLC - CLASS A
          #164,500,000 MORTGAGE BACKED FRN DUE MAY 2031
ISIN NO:  XS0098003444                        
Issue Nominal GBP: 164,500,000.00
Period:           15-JUN-2000   To   17-JUL-2000     Payment Date  17-JUL-2000
Number of Days:   32
Rate:             6.47906          Pool Factor: 0.680435074            
Denomination GBP: 111,931,569.65
Amount Payable
Per Denomination: 634,064.57

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

END

RC FAMATMMMBBJM

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