On the Charlotte, NC MSA inside the 2002, for conventional family get funds, Wachovia denied the fresh new applications regarding Latinos cuatro.five times more often than whites, and you may denied the newest applications off African Us americans 2.twenty five moments more frequently than whites. Such large assertion rates disparities are not explained of the any greater-than-regular outreach so you’re able to African Us americans or Latinos. During the 2002 in this MSA, Wachovia made 1292 old-fashioned domestic pick financing in order to whites, merely 120 to African Americans, and just 34 so you’re able to Latinos. To your checklist, the newest aggregate world contained in this MSA into the 2002 made 2615 like funds in order to African People in the us, 697 to Latinos, and you can 20,604 so you can whites. Of these about three groups, the aggregate made 10.9% of the funds so you can African People in the us, and 2.9% to help you Latinos. To own Wachovia, the brand new figures was all the way down across the board. [Meanwhile, SouthTrust Bank for for example loans within MSA denied 29 regarding new 35 applications they received regarding African Us americans.]
Regarding the Jacksonville, Florida MSA (where this advised merger is presumptively anticompetitive) during the 2002, to possess traditional family buy fund, Wachovia refused the fresh software away from African People in the us dos.6 moments more often than whites. This higher denial rate disparity isn’t told me by one greater-than-normal outreach in order to African People in the us, otherwise Latinos. In 2002 in this MSA, Wachovia made 567 antique domestic get funds in order to whites, merely 24 so you’re able to African Americans, and just fourteen so you can Latinos. For those around three communities, new aggregate produced 8.9% of their funds so you’re able to African Us americans, and you will step 3.1% to Latinos. Having Wachovia, the latest rates had been dramatically reduced: only 4.0% from fund in order to African Us americans, and you can dos.3% in order to Latinos. [Meanwhile, SouthTrust Financial in this MSA made 39 such as financing to whites, and you may nothing in order to African Americans otherwise Latinos.]
On the Columbus, Georgia MSA within the 2002, getting old-fashioned household pick loans, Wachovia rejected brand new apps from African People in america dos.96 moments more frequently than whites (when you find yourself doubting one hundred% of software away from Latinos). This type of disparities are not informed me of the any higher-than-regular outreach so you can African Americans or Latinos. In 2002 contained in this MSA, Wachovia produced forty-two antique family buy money so you’re able to whites, just five in order to African People in america, and you may not one so you can Latinos. Towards the number, new aggregate business within MSA within the 2002 made 273 instance finance so you’re able to African Us americans, thirty two to help you Latinos, and you may 1529 to whites. For these three groups, the latest aggregate produced fourteen.9% of its financing to African Us citizens, and you will step one.7% in order to Latinos. To have Wachovia, the fresh numbers were much lower: simply 9.3% out-of financing so you can African People in the us, and you will zero per cent in order to Latinos. [Meanwhile, SouthTrust Lender getting eg financing contained in this MSA refuted 10 from the brand new eleven applications they obtained of African Us citizens.]
Towards the checklist, the latest aggregate community contained in this MSA when you look at the 2002 produced eleven,902 such as finance to African Us americans, 6894 so you’re able to Latinos, and you will 64,826 so you can whites
Throughout the Raleigh-Durham NC MSA in 2002, to own old-fashioned house get money, Wachovia denied brand new apps off Latinos a massive 5.forty two minutes more often than whites. At the same time, adopting the methods established above, a lowered portion of Wachovia’s financing would be to Latinos than simply was correct towards the aggregate. [Meanwhile, SouthTrust Lender to have such as for example funds in this MSA refused 11 out-of the new fifteen software it gotten off African People in america.]
For the list, the latest aggregate world contained in this MSA inside 2002 produced 1388 such as fund in order to African People in america, 488 in order to Latinos, and you will thirteen,794 to help you whites
About Norfolk, Virginia MSA into the 2002, to own conventional home buy funds, Wachovia denied the new applications from African People in the us 3.72 moments more frequently than whites.
Within the places where Wachovia has made early in the day acquisitions or expansions-by-branching, Wachovia’s checklist is trust-loan.com/title-loans-tn/ additionally even worse. Such as about Arizona DC MSA when you look at the 2002, having conventional home buy money, Wachovia refuted the new software off Latinos a whopping cuatro.9 moments more frequently than whites, and you may declined the latest programs out of African People in america 2.83 minutes more often than whites. Such high denial price disparities are not said of the any higher-than-normal outreach so you can African People in america otherwise Latinos. Into the 2002 inside MSA, Wachovia made 1224 old-fashioned house purchase funds to whites, just 177 to African People in america, and simply 76 so you’re able to Latinos. For these around three organizations, brand new aggregate produced 14.2% of the money to help you African Americans, and you will 8.2% to Latinos. To have Wachovia, the newest data was in fact all the way down across the board: 12% so you’re able to African People in america, and only 5.1% so you’re able to Latinos.