UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                               FORM 10-K

         Annual Report Pursuant to Section 13 or 15(d) of the
                    Securities Exchange Act of 1934

              For the fiscal year ended December 31, 2000

                 Commission File Number 333-72879-11

              Washington Mutual Mortgage Securities Corp.
         (Exact name of the registrant as specified in charter)

          Delaware                           94-2528990

          (State or other                    (IRS Employer
          jurisdiction of                    Identification
          Incorporation)                     Number)

                        75 North Fairway Drive
                     Vernon Hills, Illinois 60061

               (Address of principal executive offices)

          Registrant's telephone number, including area code:

                            (847) 549-6500

Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None

     Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes [X] No [ ]

     Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein, and
will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]
Not applicable.

     State the aggregate market value of the voting stock held by non-
affiliates of the registrant: None.

     Indicate the number of shares outstanding of each of the
registrant's classes of common stock, as of the latest practicable
date: Not applicable.
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                  DOCUMENTS INCORPORATED BY REFERENCE

     The registrant's Reports on Form 8-K concerning the registrant's
Mortgage Pass-Through Certificates Series 2000-3 ("Certificates")
issued pursuant to the Pooling and Servicing Agreement dated as of
April 1, 2000 (the "Pooling Agreement") are incorporated by reference
as set forth in Part III, Item 14.

Part I

Item 1. Business.

     Not applicable.

Item 2. Properties.

     Not applicable.

Item 3. Legal Proceedings.

     There are no material pending legal proceedings involving the
mortgage loans related to the Certificates, the trustee under the
Pooling Agreement or the registrant with respect to the mortgage
loans, other than ordinary routine litigation incidental to the
trustee's or the registrant's duties under the Pooling Agreement.

Item 4. Submission of Matters to a Vote of Security Holders.

     No  vote or consent of holders of Certificates has been solicited
for any purpose during 2000.

Part II

Item 5. Market for Registrant's Common Equity and Related Stockholder
Matters.

     Not applicable.

Item 6. Selected Financial Data.

     Not applicable.

Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operation.

     Not applicable.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

     Not applicable.

Item 8. Financial Statements and Supplementary Data.

     Not applicable.

Item 9. Changes in and Disagreements With Accountants on Accounting
and Financial Disclosure.

     No  material  disagreement  concerning accounting  procedures  or
change of accountants has occurred.

Part III

Item 10. Directors and Executive Officers of the Registrant.

     Not applicable.

Item 11. Executive Compensation.

     Not applicable.

Item 12. Security Ownership of Certain Beneficial Owners and
Management.

     Not applicable.

Item 13. Certain Relationships and Related Transactions.

     Not applicable.

Part IV

Item 14. Exhibits, Financial Statement, Schedules, and Reports on Form
8-K.

     The Pooling Agreement requires an officer's certificate to be
delivered to the trustee under the Pooling Agreement on or before
April 30, 2001 and each April 30 thereafter stating as to the signer
thereof, that (i) a review of the activities of the master servicer
under the Pooling Agreement during the calendar year ended December
31, 2000 and each December 31 thereafter and performance under the
Pooling Agreement had been made under such officer's supervision, and
(ii) to the best of such officer's knowledge, based on such review,
such master servicer had fulfilled all its obligations under the
Pooling Agreement throughout such year, or if there has been a default
in the fulfillment of any such obligation, specifying each such
default known to such officer and the nature and status thereof. Such
officer's certificate dated as of March 21, 2001 is attached hereto as
Exhibit 99.1.

     The Pooling Agreement requires a statement from a firm of
independent public accountants to be furnished to the trustee under
the Pooling Agreement on or before April 30, 2001 and each April 30
thereafter to the effect that, in connection with the firm's
examination of the financial statements as of December 31, 2000 and
each December 31 thereafter of the parent corporation of the master
servicer under the Pooling Agreement (which included a limited
examination of such master servicer's financial statements), nothing
came to their attention that indicated that such master servicer was
not in compliance with certain sections of the Pooling Agreement,
except for (i) such exceptions as such firm believes to be immaterial,
and (ii) such other exceptions as are set forth in such statement.
Such statement is incorporated by reference to the registrant's Report
on Form 8-K filed on March 27, 2001.

     The registrant filed Reports on Form 8-K that described
distributions made to Certificateholders on the Distribution Date
occurring in the month preceding the month in which such Report on
Form 8-K was filed and also provided certain information regarding
delinquent Mortgage Loans and credit enhancements as of such
Distribution Date. Such Reports on Form 8-K are incorporated by
reference as follows:

PNC Mortgage Securities Corp.,
Mortgage Pass-Through
Certificates, Series: 2000-3,
Monthly Distribution Report for
month indicated, 2000.             Date Filed
May                                June 9, 2000
June                               July 10, 2000
July                               August 10, 2000
August                             September 7, 2000
September                          October 3, 2000
October                            November 9, 2000
November                           December 6, 2000


<PAGE>
                              SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                              WASHINGTON MUTUAL MORTGAGE SECURITIES
                              CORP.
                              (Registrant)

                              By: \s\Richard Careaga
                              ---------------------------
                              Richard Careaga
                              Second Vice President
                              and Assistant General Counsel
Date: March 29, 2001

     Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on
behalf of the registrant and in the capacities and on the dates
indicated.

By \s\ Douglas H. Burr
------------------------------------
Douglas H. Burr
Senior Vice President and Chief Financial Officer
Date March 28, 2001

By \s\ Marangal I. Domingo
------------------------------------
Marangal I. Domingo
Chief Executive Officer and Director
Date March 28, 2001

By \s\ Peter Maroutsos
------------------------------------
Peter Maroutsos
Vice President and Controller
Date March 28, 2001

By \s\ Michael L. Parker
------------------------------------
Michael L. Parker
President and Director
Date March 28, 2001

By \s\ Alexander T. Topping, Jr.
------------------------------------
Alexander T. Topping, Jr.
Senior Vice President and Director
Date March 28, 2001