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75 State Street
Santander Universities was founded in 1996 to advance the Santander Group's commitment to its communities by supporting higher education. It provides funding for teaching and research, international cooperation, knowledge and technology transfer, entrepre...
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Gateway Regional Chamber of Commerce November 2013 Home Sales
"Purchase activity has increased over levels from 2012," said Joe Blaston, head of mortgages at Santander Bank.
cited several factors for the improvement.
"Low inventories, increased builder confidence, an improving economy and record levels of home affordability," he
Blaston of Santander said that while lending credit criteria has been tightening since late 2007, by "restricting the maximum debt-to-income ratio for applicants and outlining specific requirements regarding the applicant's ability to repay the mortgage," lenders responded with redesigned lending products.
"There are many home financing options available for applicants, ranging from first-time homebuyers to borrowers who require jumbo financing, both with fixed and adjustable rate terms, to suit an applicant's specific needs," he
said lenders are modifying loan features to meet the new definition of a qualified mortgage.
As a result, short-term lenders could temporarily tighten lending, particularly to less qualified borrowers, until the rules are better understood, he
FHLBank Pittsburgh Appoints ...
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.
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.
is active in the Philadelphia area, including the Board
of the YMCA of Gloucester County
and the Finance Committee of Holy Ghost Preparatory School
"There are a lot of system ...
"There are a lot of system changes needed to comply," noted Joe Blaston, head of mortgages for Santander Bank.
"There's training and marketing.
There's always a cost associated with any new regulation."
S & P Members
Joe Blaston Director of Mortgage Banking Division
Holy Ghost Prep: Corporation & Board of Trustees
Mr. Joseph Blaston '70