5 Syracuse alumni relive Orange’s past at MLL All-Star Game

first_img Facebook Twitter Google+ CAMBRIDGE, Mass. — Kevin Rice wound up along the hash marks about 15 yards from the cage and released a low screaming shot which beat John Galloway low and away for a goal in the first quarter of Thursday night’s MLL All-Star Game.Rice, a 2015 graduate of Syracuse, fist pumped before being congratulated by several teammates as Galloway (‘11), broke down the goal with his defense. Down the other end of the field stood the youngest of the bunch, Brandon Mullins (16’), while former teammates Matt Abbott (‘09) and Joel White (‘11) greeted each other throughout the game before lining up on opposite sides of the 50 yard-line for faceoffs.“It’s awesome,” Rice said. “You sort of cross the generations of Syracuse lacrosse. I didn’t get to play with Galloway, Matt Abbott or Joel White. So it’s nice to play with and against them at this level.”Brandon Mullins (left) and Kevin Rice (right) pose together after the game. Josh Schafer | Sports EditorAdvertisementThis is placeholder textIn the Team USA vs. MLL All-Stars, five former Syracuse players suited up in total, Galloway and White for Team USA and the other three as MLL All-Stars. All five currently play in the MLL and are among the 17 active former Orange players in the league. Three teams, the Atlanta Blaze, Dallas Rattlers and the Florida Launch each have four SU players on their rosters.Syracuse was the third most represented university on the field, tied with Johns Hopkins and trailing just Duke and Maryland. All five SU alumni wore the numbers they donned for the Orange: White and Mullins duplicated as No. 11’s, Galloway dressed in No. 15, Rice wore the famed No. 22 and Abbott was in his traditional No. 3.“I think coming from a school like Syracuse you’re part of a family,” Mullins said. “Whenever we play each other we’ll take the extra time to see how each other is doing and catch up a little bit.”Abbott and White did just that before a faceoff in the first quarter. The two former teammates paused before the action continued, slapped hands and shared a brief embrace.“It was the first time I’ve seen him this summer but always good to see him,” Abbott said. “I liked it a lot better when he was in the same color jersey as me.”For Galloway and White, the 15-14 loss to the MLL All-Stars carried a little more weight than a normal mid-summer showcase. Thursday marked Team USA’s last live scrimmage before it travels to Netanya, Israel, at the Federation of International Lacrosse Men’s World Championship in July.White and Galloway also play on the Rattlers together and White said since the pair started playing together in 2008, he hasn’t played in front of another goalie.“I think Syracuse really represents itself well in the lacrosse world,” Galloway said. “You see it in the MLL, but there are so many ambassadors of our sport. I think coach Simmons started that and it’s so important at that school, lacrosse is big deal.”“So for us to be able to continue to play our playing career professionally keeps Syracuse in the main fold, and hopefully we’ll continue to do so for years to come.” Published on June 28, 2018 at 11:04 pm Contact Josh: jlschafe@syr.edu | @Schafer_44center_img Commentslast_img read more

Independent Mortgage Banks Profits Up for Q1 Mortgage Applications Down

first_img in Daily Dose, Data, Headlines, News, Origination, Servicing The Mortgage Bankers Association (MBA) reported today in its quarterly Mortgage Bankers Performance Report that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,447 on each loan they originated in Q1 2015, a sizable increase from a reported gain of $744 per loan in the Q4 2014.”Net production profits among independent mortgage bankers nearly doubled from the fourth quarter of 2014 and secondary marketing gains improved by 31 basis points over the fourth quarter, based largely on the increase in refinancing volume in the first quarter of 2015,” said Marina Walsh MBA’s VP of Industry Analysis. “However, total production operating expenses per loan remained a challenge, rising to $7,195 per loan in the first quarter of 2015, from $7,000 per loan in the fourth quarter of 2014.”Origination costs in the first quarter are also higher in comparison to quarters with similar production volume within the past few years, Walsh said.The performance report also found that average production volume was $473 million per company in the Q1 2015, up from $417 million per company last quarter. The volume by count per company averaged 1,917 loans in the first quarter, an increase from 1,769 loans last quarter.The average loan balance for first mortgages grew to a study high of $242,791 in Q1 2015, from $233,655 in the fourth quarter, the MBA reported. The net cost to originate was $5,597 per loan this quarter, up from $5,283 in the fourth quarter.The MBA also reported today that mortgage applications decreased 7.6 percent from one week earlier, according to its weekly Mortgage Applications Survey for the week ending May 29, 2015. This week’s results were adjusted due to the Memorial Day holiday.The measure of mortgage loan application volume, also called the market composite index, decreased 7.6 percent on a seasonally adjusted basis from one week earlier, according to the survey. On an unadjusted basis, the index decreased 17 percent compared with the previous week. The refinance index also decreased 12 percent from the previous week. The seasonally adjusted purchase index decreased 3 percent from one week earlier, while the unadjusted purchase index decreased 14 percent and was 14 percent higher than the same week one year ago.The refinance share of mortgage activity is at its lowest level since May 2014, dropping to 49 percent of total applications, from 51 percent the previous week, the MBA reports. The adjustable-rate mortgage (ARM) share of activity decreased to 6.1 percent of total applications.Despite all of the negative activity related to loan applications, the MBA reported that the FHA’s share of total applications increased to 14.9 percent from 14.5 percent the week prior. Meanwhile, the VA share of total applications increased to 12 percent from 11.7, and the USDA share of total applications increased to 1 percent from 0.8 percent the week prior. June 3, 2015 514 Views Sharecenter_img Mortgage Applications Survey Mortgage Bankers Association Mortgage Bankers Performance Report 2015-06-03 Staff Writer Independent Mortgage Banks Profits Up for Q1; Mortgage Applications Downlast_img read more