On the Charlotte, NC MSA for the 2002, to have traditional household get finance, Wachovia refused the new apps of Latinos cuatro.five times more often than whites, and you may declined the newest programs out of African Us citizens 2.twenty-five minutes more frequently than whites. These higher assertion rate disparities aren’t informed me of the one higher-than-regular outreach so you can African Americans or Latinos. When you look at the 2002 contained in this MSA, Wachovia generated 1292 old-fashioned domestic pick fund to whites, simply 120 in order to African People in america, and only 34 in order to Latinos. On the record, the aggregate globe in this MSA in the 2002 produced 2615 including financing to help you African Us americans, 697 so you can Latinos, and 20,604 to whites. Of these about three teams, this new aggregate generated 10.9% of their financing in order to African People in america, and you will 2.9% so you can Latinos. To own Wachovia, the latest figures was in fact lower across-the-board. [At the same time, SouthTrust Lender getting like fund within this MSA denied 29 out-of the latest thirty five software it obtained of African Us americans.]
About Jacksonville, Florida MSA (where it recommended merger is presumptively anticompetitive) from inside the 2002, for traditional domestic purchase loans, Wachovia denied new programs regarding African Us citizens dos.six minutes more often than whites. Which higher denial speed disparity is not informed me because of the any higher-than-regular outreach to help you African People in the us, otherwise Latinos. Into the 2002 inside MSA, Wachovia made 567 traditional domestic get money so you’re able to whites, merely twenty-four to African Us citizens, and only fourteen to help you Latinos. Of these about three groups, the aggregate produced 8.9% of its money in order to African Us citizens, and you can step three.1% so you can Latinos. Getting Wachovia, the brand new data was in fact reduced: merely cuatro.0% out-of finance to help you African Us citizens, and you can dos.3% so you’re able to Latinos. [At the same time, SouthTrust Bank within MSA produced 39 such as for instance money in order to whites, and none to African People in america otherwise Latinos.]
From the Columbus, Georgia MSA inside the 2002, to have old-fashioned home purchase financing, Wachovia refused new software off African Americans 2.96 moments more frequently than whites (when you are doubt a hundred% of apps regarding Latinos). These types of disparities aren’t said because of the one higher-than-typical outreach to African Americans or Latinos. Inside 2002 within MSA, Wachovia produced forty-two conventional domestic buy finance so you can whites, simply four so you can African Americans, and you will nothing to help you Latinos. Into checklist, this new aggregate community in this MSA into the 2002 made 273 such as funds so you’re able to African Us citizens, thirty-two to Latinos, and 1529 to help you whites. For these three teams, the fresh aggregate https://paydayloanssolution.org/installment-loans-ct/ produced 14.9% of its loans to African People in america, and step one.7% to help you Latinos. For Wachovia, the fresh new rates had been dramatically reduced: simply nine.3% from money to help you African Us americans, and you may no percent so you can Latinos. [Meanwhile, SouthTrust Bank to possess such as for instance fund in this MSA rejected ten of the brand new 11 apps they received away from African People in america.]
Into the number, this new aggregate business within this MSA in 2002 produced eleven,902 such as for instance finance to African Us citizens, 6894 so you can Latinos, and you may 64,826 in order to whites
In the Raleigh-Durham NC MSA when you look at the 2002, getting conventional household pick finance, Wachovia denied the fresh software out of Latinos a massive 5.forty-two minutes more frequently than whites. Meanwhile, after the methodology set forth a lot more than, less percentage of Wachovia’s money would be to Latinos than simply are real towards the aggregate. [Meanwhile, SouthTrust Financial having for example funds within MSA declined eleven of brand new 15 applications it gotten from African Us americans.]
To your checklist, this new aggregate world within this MSA from inside the 2002 made 1388 for example loans so you can African Us citizens, 488 to help you Latinos, and you will 13,794 to help you whites
From the Norfolk, Virginia MSA for the 2002, to have conventional house buy loans, Wachovia denied the fresh new apps of African People in the us step three.72 minutes more frequently than whites.
Inside the markets where Wachovia made prior purchases or expansions-by-branching, Wachovia’s list is also bad. Such as for instance regarding the Washington DC MSA for the 2002, getting old-fashioned house purchase financing, Wachovia denied new apps off Latinos an impressive 4.9 times more often than whites, and you can refuted the brand new programs away from African Us americans 2.83 minutes more often than whites. These types of large assertion rate disparities aren’t explained from the people better-than-regular outreach to help you African People in the us otherwise Latinos. Into the 2002 within this MSA, Wachovia generated 1224 conventional household pick fund in order to whites, only 177 so you can African Americans, and simply 76 so you can Latinos. For those about three groups, the brand new aggregate produced fourteen.2% of its finance so you can African People in the us, and you may 8.2% in order to Latinos. For Wachovia, new numbers was in fact down across-the-board: 12% so you can African Us citizens, and only 5.1% so you can Latinos.