Discover Diageo #is #captain #morgan #whiskey


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Diageo


LUKE SHORT, GAMBLER AND GUNFIGHTER #dodge #city, #kansas, #dodge #city #peace #commission, #lawman, #lawmen, #gunfighters,


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Luke Short was grabbed from behind and pulled off the boardwalk in front of the Oriental Saloon. He whirled and saw Charlie Storms beginning to draw. Luke pulled his short barreled Colt and fired. The .45 caliber bullet slammed into Storms’ heart, blew him backwards, and set his shirt afire. Luke shot him again as he went down.
He stood there a moment looking down at Storms, then turned to Masterson. You sure as hell pick some of the damnedest people for friends, Bat!

Luke Short, Tombstone, Arizona Territory Feb. 25, 1881

Almost all historians have depicted Luke Short as a citified dandy gambler, probably because so little was known about his early years, but Wayne Short, Luke’s great-nephew has changed that view with his new biography.

Luke, who left home at thirteen after cutting up the school bully, indeed, was fastidious in his dress, but for six years he was a thirty dollar-a-month cowhand on the dangerous longhorn drives from Texas to the Kansas rail towns. He hunted buffalo for their hides during the heydays of 1874-75, scouted and rode dispatch for General Crook and Major Thornburgh during the Sioux and Cheyenne uprising of 1876-78, traded with the Sioux and Cheyenne around Camp Robinson in northwestern Nebraska and finally was arrested for trading whiskey to the Indians for buffalo robes.

He escaped from the army escort which was taking him to Omaha on the train and made his way to Denver and never worked again except as a high rolling professional gambler in the cowtowns and mining camps all over the west. He was no slouch with a six-shooter, either. This enigmatic man was close friends with Bat Masterson and Wyatt Earp and shot it out with some of the deadliest gunmen of that era.

“They called him ‘The Undertaker’s Friend,’ because he shot ’em where it didn’t show.”—Stewart H. Holbrook

Luke Short: A Biography
This is the first full biography of the famous gambler, and his story is told by his great-nephew, Wayne Short.

Here is what two reviews said about “Luke Short: A Biography”:

“Luke Short: A Biography” is an immensely readable account not just of the adventure-packed life of its subject — one that was brief even for its times; he was 39 when he died in 1893 — but of the period in which he lived. A friend of Wyatt Earp and Bat Masterson, and a veteran of the Dodge City Saloon War, Luke Short roamed the West working a variety of jobs. He killed a man in Tombstone in 1881.

Wayne Short has worked with family records and recollections as well as published documents to chronicle his colorful relative. In an earlier biography for which Wayne Short supplied data, the author wrote, “Luke Short’s personal tragedy was that in less than 40 years he outlived his times.”

J.C. Martin
The Arizona Daily Star

“Wayne Short, the author who gave us those great Alaskan books: “The Cheechakoes,” “This Raw Land,” and “Albie, and Billy the Sky-Pilot” is back with a biography of his great-uncle, the famous Old West gambler and gunfighter, Luke Short. I rate the book a masterful job. It not only is the adventurous story of one man’s life, but also a social and economic comment of the period in which Luke Short lived, 1854-1893. Well done!”

Robert N. DeArmond
Historian, author, former editor of
Alaska Magazine and the Alaskan Journal

Wayne Short comes from a long line of pioneering people. In 1859, his great grandfather crowded his large family into ox-drawn wagons and headed West. They finally settled on the Red River in Texas where they farmed and fought Comanches and Kiowas. Most of this indomitable little man’s sons grew to be cattlemen, but one, Luke Short, sought out the boomtowns of the West and became one of the most well-known gamblers and gunfighters of that era.

The next two generations of Shorts turned west and north seeking new country and Wayne Short was born in Nadaburg, Arizona seventy years ago. He served in the Navy’s amphibious forces during World War II and made the invasions of Iwo Jima, Okinawa, and the Philippines. He and his parents and two brothers moved to an isolated island in Southeastern Alaska in 1946 where Wayne learned to fish commercially and live off the land. Mr. Short has worked as a trapper, bounty hunter, cannery tender skipper, carpenter, shipwright, steam engineer, and commercial fisherman.

In 1954, Wayne brought his bride, Barbara, north to share their isolated life. They now have five sons and five grandchildren. Wayne has been writing and selling short stories, articles, and books for thirty-five years. Many of his stories tell of the remarkable but true stories of the adventures he and his family shared in Alaska. His latest dream was to research and write about his great uncle, Luke Short, the notorious Arizona Territory gambler and gunfighter who was a friend of men like Wyatt Earp and Bat Masterson. In order to do the proper research, Wayne and Barbara moved to Tombstone, and in 1996, Luke Short: a Biography, became a reality.

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Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen #mortgage #modification


#saxon mortgage

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Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen

Morgan Stanley, the sixth-largest U.S. bank by assets, will sell its Saxon unit to Ocwen Financial Corp. exiting the mortgage-servicing business it bought before the housing market collapsed.

Ocwen agreed to pay a base price of $59.3 million plus about $1.4 billion for receivables outstanding, Morgan Stanley said yesterday in a statement. The deal is expected to close in 2012’s first quarter and isn’t likely to have a material impact on earnings, New York-based Morgan Stanley said.

Investment banks are selling mortgage servicers they bought before the financial crisis as record defaults drive up costs for billing, collections and foreclosures and make the units less valuable. Ocwen last month completed the purchase of Litton Loan Servicing LP from Goldman Sachs Group Inc. for $263.7 million.

“These transactions demonstrate yet again Ocwen’s strong growth prospects as consolidation of private-label servicing continues and demand increases for specialty servicing,” Ocwen Chairman William Erbey said in a separate statement. “We remain bullish on our growth prospects into 2012.”

Morgan Stanley bought Glen Allen, Virginia-based Saxon in 2006 for $706 million as the investment bank sought a mortgage issuer and servicer to provide home loans that it packaged into securities. Morgan Stanley took a $700 million writedown in the fourth quarter of 2008 related to businesses it owned, with most of the charge coming from Saxon.

Impact on Assets

The sale will reduce Morgan Stanley’s risk-weighted assets as it attempts to meet capital standards set to start taking effect in 2013. It will also reduce the firm’s headcount by about 1,200, according to a person familiar with the unit.

Ocwen outbid Fortress Investment Group LLC’s Nationstar Mortgage Holdings Inc. according to another person with knowledge of the talks, who declined to be identified because the process wasn’t public.

Ocwen, based in West Palm Beach, Florida, acquires $26.6 billion in unpaid principal balances of mortgage servicing rights, $10.9 billion of which Ocwen already subservices. The deal also includes another $12.9 billion of loans that Saxon services for Morgan Stanley and other firms. It gained about $38.6 billion of unpaid principal balances with its purchase of Litton, which Ocwen acquired by also agreeing to pay about $337.4 million to retire some of Litton’s debt.

HomEq Purchase

Ocwen agreed in May 2010 to buy HomEq Servicing, a mortgage servicer owned by London-based Barclays Plc, for about $1.3 billion in cash conditional on the value of certain assets at completion, according to a statement from Barclays at the time. Barclays also agreed to provide Ocwen with about $1 billion in secured financing and offered assistance in raising more funds, according to the statement.

In May, Saxon agreed to pay $2.35 million to resolve a lawsuit alleging it improperly foreclosed on 17 U.S. military-service members from 2006 to 2009. The foreclosures violated the Servicemembers Civil Relief Act, which was enacted to shield deployed military personnel from financial stress, according to the U.S. Justice Department.

Morgan Stanley considered buying New Century Financial Corp. the subprime mortgage lender that filed for bankruptcy in April 2007, before acquiring Saxon, Chairman John Mack said in a November 2010 interview released this year by the Financial Crisis Inquiry Commission.

The bankrupt Lehman Brothers Holdings Inc. won court approval last year of an agreement to seek buyers or liquidate its Aurora Bank FSB unit, which includes a mortgage-servicing arm.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen #mortgage #calcuator


#saxon mortgage

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Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen

Morgan Stanley, the sixth-largest U.S. bank by assets, will sell its Saxon unit to Ocwen Financial Corp. exiting the mortgage-servicing business it bought before the housing market collapsed.

Ocwen agreed to pay a base price of $59.3 million plus about $1.4 billion for receivables outstanding, Morgan Stanley said yesterday in a statement. The deal is expected to close in 2012’s first quarter and isn’t likely to have a material impact on earnings, New York-based Morgan Stanley said.

Investment banks are selling mortgage servicers they bought before the financial crisis as record defaults drive up costs for billing, collections and foreclosures and make the units less valuable. Ocwen last month completed the purchase of Litton Loan Servicing LP from Goldman Sachs Group Inc. for $263.7 million.

“These transactions demonstrate yet again Ocwen’s strong growth prospects as consolidation of private-label servicing continues and demand increases for specialty servicing,” Ocwen Chairman William Erbey said in a separate statement. “We remain bullish on our growth prospects into 2012.”

Morgan Stanley bought Glen Allen, Virginia-based Saxon in 2006 for $706 million as the investment bank sought a mortgage issuer and servicer to provide home loans that it packaged into securities. Morgan Stanley took a $700 million writedown in the fourth quarter of 2008 related to businesses it owned, with most of the charge coming from Saxon.

Impact on Assets

The sale will reduce Morgan Stanley’s risk-weighted assets as it attempts to meet capital standards set to start taking effect in 2013. It will also reduce the firm’s headcount by about 1,200, according to a person familiar with the unit.

Ocwen outbid Fortress Investment Group LLC’s Nationstar Mortgage Holdings Inc. according to another person with knowledge of the talks, who declined to be identified because the process wasn’t public.

Ocwen, based in West Palm Beach, Florida, acquires $26.6 billion in unpaid principal balances of mortgage servicing rights, $10.9 billion of which Ocwen already subservices. The deal also includes another $12.9 billion of loans that Saxon services for Morgan Stanley and other firms. It gained about $38.6 billion of unpaid principal balances with its purchase of Litton, which Ocwen acquired by also agreeing to pay about $337.4 million to retire some of Litton’s debt.

HomEq Purchase

Ocwen agreed in May 2010 to buy HomEq Servicing, a mortgage servicer owned by London-based Barclays Plc, for about $1.3 billion in cash conditional on the value of certain assets at completion, according to a statement from Barclays at the time. Barclays also agreed to provide Ocwen with about $1 billion in secured financing and offered assistance in raising more funds, according to the statement.

In May, Saxon agreed to pay $2.35 million to resolve a lawsuit alleging it improperly foreclosed on 17 U.S. military-service members from 2006 to 2009. The foreclosures violated the Servicemembers Civil Relief Act, which was enacted to shield deployed military personnel from financial stress, according to the U.S. Justice Department.

Morgan Stanley considered buying New Century Financial Corp. the subprime mortgage lender that filed for bankruptcy in April 2007, before acquiring Saxon, Chairman John Mack said in a November 2010 interview released this year by the Financial Crisis Inquiry Commission.

The bankrupt Lehman Brothers Holdings Inc. won court approval last year of an agreement to seek buyers or liquidate its Aurora Bank FSB unit, which includes a mortgage-servicing arm.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen #mortgage #branch #opportunities


#saxon mortgage

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Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen

Morgan Stanley, the sixth-largest U.S. bank by assets, will sell its Saxon unit to Ocwen Financial Corp. exiting the mortgage-servicing business it bought before the housing market collapsed.

Ocwen agreed to pay a base price of $59.3 million plus about $1.4 billion for receivables outstanding, Morgan Stanley said yesterday in a statement. The deal is expected to close in 2012’s first quarter and isn’t likely to have a material impact on earnings, New York-based Morgan Stanley said.

Investment banks are selling mortgage servicers they bought before the financial crisis as record defaults drive up costs for billing, collections and foreclosures and make the units less valuable. Ocwen last month completed the purchase of Litton Loan Servicing LP from Goldman Sachs Group Inc. for $263.7 million.

“These transactions demonstrate yet again Ocwen’s strong growth prospects as consolidation of private-label servicing continues and demand increases for specialty servicing,” Ocwen Chairman William Erbey said in a separate statement. “We remain bullish on our growth prospects into 2012.”

Morgan Stanley bought Glen Allen, Virginia-based Saxon in 2006 for $706 million as the investment bank sought a mortgage issuer and servicer to provide home loans that it packaged into securities. Morgan Stanley took a $700 million writedown in the fourth quarter of 2008 related to businesses it owned, with most of the charge coming from Saxon.

Impact on Assets

The sale will reduce Morgan Stanley’s risk-weighted assets as it attempts to meet capital standards set to start taking effect in 2013. It will also reduce the firm’s headcount by about 1,200, according to a person familiar with the unit.

Ocwen outbid Fortress Investment Group LLC’s Nationstar Mortgage Holdings Inc. according to another person with knowledge of the talks, who declined to be identified because the process wasn’t public.

Ocwen, based in West Palm Beach, Florida, acquires $26.6 billion in unpaid principal balances of mortgage servicing rights, $10.9 billion of which Ocwen already subservices. The deal also includes another $12.9 billion of loans that Saxon services for Morgan Stanley and other firms. It gained about $38.6 billion of unpaid principal balances with its purchase of Litton, which Ocwen acquired by also agreeing to pay about $337.4 million to retire some of Litton’s debt.

HomEq Purchase

Ocwen agreed in May 2010 to buy HomEq Servicing, a mortgage servicer owned by London-based Barclays Plc, for about $1.3 billion in cash conditional on the value of certain assets at completion, according to a statement from Barclays at the time. Barclays also agreed to provide Ocwen with about $1 billion in secured financing and offered assistance in raising more funds, according to the statement.

In May, Saxon agreed to pay $2.35 million to resolve a lawsuit alleging it improperly foreclosed on 17 U.S. military-service members from 2006 to 2009. The foreclosures violated the Servicemembers Civil Relief Act, which was enacted to shield deployed military personnel from financial stress, according to the U.S. Justice Department.

Morgan Stanley considered buying New Century Financial Corp. the subprime mortgage lender that filed for bankruptcy in April 2007, before acquiring Saxon, Chairman John Mack said in a November 2010 interview released this year by the Financial Crisis Inquiry Commission.

The bankrupt Lehman Brothers Holdings Inc. won court approval last year of an agreement to seek buyers or liquidate its Aurora Bank FSB unit, which includes a mortgage-servicing arm.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen #etrade #mortgage


#saxon mortgage

#

Morgan Stanley Agrees to Sell Saxon Mortgage Servicer to Ocwen

Morgan Stanley, the sixth-largest U.S. bank by assets, will sell its Saxon unit to Ocwen Financial Corp. exiting the mortgage-servicing business it bought before the housing market collapsed.

Ocwen agreed to pay a base price of $59.3 million plus about $1.4 billion for receivables outstanding, Morgan Stanley said yesterday in a statement. The deal is expected to close in 2012’s first quarter and isn’t likely to have a material impact on earnings, New York-based Morgan Stanley said.

Investment banks are selling mortgage servicers they bought before the financial crisis as record defaults drive up costs for billing, collections and foreclosures and make the units less valuable. Ocwen last month completed the purchase of Litton Loan Servicing LP from Goldman Sachs Group Inc. for $263.7 million.

“These transactions demonstrate yet again Ocwen’s strong growth prospects as consolidation of private-label servicing continues and demand increases for specialty servicing,” Ocwen Chairman William Erbey said in a separate statement. “We remain bullish on our growth prospects into 2012.”

Morgan Stanley bought Glen Allen, Virginia-based Saxon in 2006 for $706 million as the investment bank sought a mortgage issuer and servicer to provide home loans that it packaged into securities. Morgan Stanley took a $700 million writedown in the fourth quarter of 2008 related to businesses it owned, with most of the charge coming from Saxon.

Impact on Assets

The sale will reduce Morgan Stanley’s risk-weighted assets as it attempts to meet capital standards set to start taking effect in 2013. It will also reduce the firm’s headcount by about 1,200, according to a person familiar with the unit.

Ocwen outbid Fortress Investment Group LLC’s Nationstar Mortgage Holdings Inc. according to another person with knowledge of the talks, who declined to be identified because the process wasn’t public.

Ocwen, based in West Palm Beach, Florida, acquires $26.6 billion in unpaid principal balances of mortgage servicing rights, $10.9 billion of which Ocwen already subservices. The deal also includes another $12.9 billion of loans that Saxon services for Morgan Stanley and other firms. It gained about $38.6 billion of unpaid principal balances with its purchase of Litton, which Ocwen acquired by also agreeing to pay about $337.4 million to retire some of Litton’s debt.

HomEq Purchase

Ocwen agreed in May 2010 to buy HomEq Servicing, a mortgage servicer owned by London-based Barclays Plc, for about $1.3 billion in cash conditional on the value of certain assets at completion, according to a statement from Barclays at the time. Barclays also agreed to provide Ocwen with about $1 billion in secured financing and offered assistance in raising more funds, according to the statement.

In May, Saxon agreed to pay $2.35 million to resolve a lawsuit alleging it improperly foreclosed on 17 U.S. military-service members from 2006 to 2009. The foreclosures violated the Servicemembers Civil Relief Act, which was enacted to shield deployed military personnel from financial stress, according to the U.S. Justice Department.

Morgan Stanley considered buying New Century Financial Corp. the subprime mortgage lender that filed for bankruptcy in April 2007, before acquiring Saxon, Chairman John Mack said in a November 2010 interview released this year by the Financial Crisis Inquiry Commission.

The bankrupt Lehman Brothers Holdings Inc. won court approval last year of an agreement to seek buyers or liquidate its Aurora Bank FSB unit, which includes a mortgage-servicing arm.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE