On Charlotte, NC MSA into the 2002, having antique family buy fund, Wachovia denied this new software regarding Latinos 4.five times more often than whites, and declined the fresh applications out-of African People in the us dos.twenty five moments more frequently than whites. This type of higher denial rates disparities commonly told me of the one higher-than-normal outreach to help you African Us citizens otherwise Latinos. Into the 2002 in this MSA, Wachovia generated 1292 old-fashioned family get finance in order to whites, only 120 so you can African Americans, and simply 34 to help you Latinos. With the checklist, the new aggregate industry inside MSA during the 2002 produced 2615 such as for instance financing so you can African Us americans, 697 so you’re able to Latinos, and you will 20,604 to help you whites. For those around three teams, the newest aggregate produced ten.9% of the money to help you African People in america, and you may 2.9% in order to Latinos. For Wachovia, the newest numbers was lower across the board. [Meanwhile, SouthTrust Lender for such money within this MSA denied 31 out of the newest thirty five software it received out-of African People in america.]
In the Jacksonville, Florida MSA (in which so it recommended merger was presumptively anticompetitive) when you look at the 2002, for conventional household get funds, Wachovia refused the latest applications regarding African Us citizens dos.6 moments more frequently than whites. So it highest assertion price difference is not explained from the any higher-than-typical outreach in order to African Us americans, or Latinos. Into the 2002 within MSA, Wachovia generated 567 old-fashioned family get loans to whites, simply 24 to African Us citizens, and just fourteen to Latinos. For these three communities, the aggregate generated 8.9% of the financing so you’re able to African Us americans, and step 3.1% in order to Latinos. Having Wachovia, the fresh new data was in fact far lower: merely cuatro.0% regarding fund in order to African People in america, and 2.3% to help you Latinos. [Meanwhile, SouthTrust Lender in this MSA made 39 for example finance to help you whites, and you can none in order to African People in america otherwise Latinos.]
From the Columbus, Georgia MSA during the 2002, to possess traditional domestic purchase finance, Wachovia refuted the brand new software out-of African Us americans dos.96 minutes more often than whites (when you are denying a hundred% away from software from Latinos). Such disparities aren’t told me by people better-than-normal outreach so you can African People in the us or Latinos. When you look at the 2002 within MSA, Wachovia made forty two conventional family get funds so you can whites, only four to African People in america, and you will none so you’re able to Latinos. On the record, the fresh new aggregate world within this MSA inside the 2002 made 273 instance finance so you’re able to African People in america, thirty-two to Latinos, and 1529 so you’re able to whites. For those around three organizations, brand new aggregate produced 14.9% of the fund in order to installment loans Montana African People in america, and you can step one.7% so you can Latinos. To own Wachovia, new numbers was basically lower: only 9.3% away from funds to help you African Americans, and you may no percent so you can Latinos. [Meanwhile, SouthTrust Bank getting like fund contained in this MSA denied 10 out-of the latest 11 programs they acquired regarding African People in the us.]
To your record, the brand new aggregate world within this MSA in 2002 generated eleven,902 including money to help you African Us americans, 6894 so you’re able to Latinos, and you will 64,826 to whites
On the Raleigh-Durham NC MSA from inside the 2002, to own old-fashioned house purchase money, Wachovia denied the newest applications regarding Latinos an astonishing 5.forty two times more often than whites. At the same time, pursuing the methods established above, a lowered portion of Wachovia’s financing would be to Latinos than simply is actually genuine to the aggregate. [At the same time, SouthTrust Lender to have eg funds within this MSA refuted 11 out-of the fresh new 15 applications they received out-of African People in the us.]
With the number, this new aggregate industry contained in this MSA into the 2002 generated 1388 such as finance to help you African Us citizens, 488 so you’re able to Latinos, and you will thirteen,794 so you’re able to whites
From the Norfolk, Virginia MSA in 2002, to own antique domestic purchase funds, Wachovia refused new software off African Us americans step 3.72 minutes more often than whites.
When you look at the avenues where Wachovia made earlier purchases otherwise expansions-by-branching, Wachovia’s list is even worse. Particularly on the Arizona DC MSA within the 2002, having conventional household pick money, Wachovia declined the apps of Latinos a massive cuatro.nine minutes more frequently than whites, and rejected brand new programs from African Us americans 2.83 times more frequently than whites. This type of highest assertion price disparities aren’t explained because of the any higher-than-typical outreach to African Us americans otherwise Latinos. During the 2002 contained in this MSA, Wachovia produced 1224 old-fashioned home get financing to whites, merely 177 to help you African Americans, and simply 76 so you can Latinos. For those about three communities, brand new aggregate made fourteen.2% of its finance to African People in america, and you may 8.2% so you can Latinos. For Wachovia, the numbers was basically down across-the-board: 12% to help you African Us americans, and only 5.1% so you’re able to Latinos.
