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This profile was last updated on 12/20/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Joseph M. Blaston

Wrong Joseph M. Blaston?

Executive Vice President

Phone: (610) ***-****  
Local Address:  Wilmington , Delaware , United States
Sovereign Bank
601 Penn St
Reading , Pennsylvania 19601
United States

Company Description: Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company of Sovereign Bank, a financial institution with principal markets in the Northeastern...   more

Employment History

  • Head of Mortgages
    Santander Bank
  • President
    Main Line Financial
  • Chief Operating Officer
    Philadelphia Mortgage Corporation

Board Memberships and Affiliations


  • Bachelor of Science degree , Business Accounting
    Drexel University
15 Total References
Web References
FHLBank Pittsburgh Appoints ... [cached]
FHLBank Pittsburgh Appoints Joseph M. Blaston to the Board
PITTSBURGH--(BUSINESS WIRE)--The Board of Directors of the Federal Home Loan Bank of Pittsburgh (FHLBank) has elected Mr. Joseph M. Blaston to the Board.
Mr. Blaston, Director of Mortgage Banking, Santander Bank, N.A. (Santander), has been elected to fill the vacancy in the Delaware Member Directorship previously held by Mr. Carlos M. Garcia, the term of which ends December 31, 2015.
At Santander, Mr. Blaston is responsible for the day-to-day operations of retail and wholesale production, secondary marketing, loan delivery and a title company subsidiary. He is also responsible for the oversight of underwriting, loan processing and servicing functions within the mortgage banking group. Earlier, Mr. Blaston was with Sovereign Bank, was President of Main Line Financial, and was Chief Operating Officer at Philadelphia Mortgage Corporation.
Mr. Blaston earned a Bachelor of Science degree in Business Accounting from Drexel University and is a Certified Public Accountant. He is active in the Philadelphia area, including the Board of the YMCA of Gloucester County and the Finance Committee of Holy Ghost Preparatory School.
Holy Ghost Prep: Donors [cached]
Mr. Joseph Blaston, Sovereign Bank
Joseph Blaston
"In the last two weeks, [home-loan ... [cached]
"In the last two weeks, [home-loan applications] have picked up 30 percent to 35 percent," said Joe Blaston, of Sovereign Bank in Villanova.
"In the last two weeks, [applications] have picked up 30 percent to 35 percent," to about $10 million a week, said Joe Blaston, who runs Sovereign Bank's Villanova home-loan office.
Big banks, said Blaston: "There's a pretty strong need by a lot of institutions" to make new loans to recover from their old, bad loans. Businesses aren't borrowing more. By contrast, home values "have stabilized," so " Bank of America, Chase, and Wells Fargo have been getting back into jumbos."
Thank free-spending Europeans, too: "Part of what has happened is all the issues with the sovereign [debt]" in Greece and other countries, Blaston said. With the value of the euro falling, skittish investors are buying U.S. Treasuries and driving down bond rates; same goes for U.S. mortgage securities, which investors still see as government-protected.
Will cheap money last into summer? "I don't make predictions," said Blaston, laughing, a little.
"Sovereign Bank is pleased to ... [cached]
"Sovereign Bank is pleased to participate in the Home to Rhode Island initiative with Freddie Mac," added Joe Blaston, Sovereign's Director of Mortgage Banking.
S & P Members [cached]
Joe Blaston Director of Mortgage Banking Division
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