RNS Number:2661X
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 LOANS 3 PLC - CLASS A
                  #164,500,000 MORTGAGE BACKED FRN DUE MA7 2031
ISIN NO:          XS0098003444               
Issue NominalGBP: 164,500,000.00
Period:           15/JAN/2001    To  15/FEB/2001  Payment Date 15-FEB-2001
Number of Days:   31
Rate:             6.3925       POOL FACTOR: 0.481430704                       
DenominationGBP:  79,195,350.80
Amount Payable
Per Denomination: 429,971.09

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