Regarding Charlotte, NC MSA inside the 2002, to have traditional household purchase funds, Wachovia rejected the fresh applications off Latinos 4.five times more often than whites, and refused the latest programs away from African Us citizens dos.twenty five times more frequently than whites. This type of highest assertion price disparities commonly informed me from the any better-than-typical outreach to help you African People in the us or Latinos. From inside the 2002 contained in this MSA, Wachovia generated 1292 traditional household purchase financing to whites, merely 120 so you can African Americans, and just 34 so you’re able to Latinos. Toward checklist, the aggregate business within MSA inside 2002 produced 2615 for example money to African Us americans, 697 so you can Latinos, and you may 20,604 to help you whites. For those about three communities, the fresh new aggregate generated 10.9% of their funds in order to African People in the us, and you may dos.9% so you’re able to Latinos. To have Wachovia, the latest data was in fact straight down across the board. [At the same time, SouthTrust Bank having such as for instance money within MSA denied 30 out-of the newest 35 software they gotten out of African Us citizens.]
In the Jacksonville, Florida MSA (in which it advised merger try presumptively anticompetitive) within the 2002, to have old-fashioned family purchase money, Wachovia refused new software away from African People in america dos.six times more often than whites. It higher denial price difference is not explained by the people greater-than-typical outreach in order to African People in the us, or Latinos. Inside the 2002 within this MSA, Wachovia made 567 antique household pick funds in order to whites, merely twenty four in order to African People in the us, and only 14 to Latinos. Of these around three organizations, this new aggregate produced 8.9% of the finance to help you African People in the us, and step 3.1% in order to Latinos. Getting Wachovia, the brand new numbers have been dramatically reduced: only cuatro.0% off finance so you can African People in the us, and dos.3% to help you Latinos. [At the same time, SouthTrust Financial contained in this MSA generated 39 such fund so you can whites, and nothing so you’re able to African People in america or Latinos.]
From the Columbus, Georgia MSA inside 2002, for conventional home get finance, Wachovia rejected the applications from African People in the us 2.96 minutes more frequently than whites (when you find yourself denying one hundred% off programs from Latinos). This type of disparities are not told me from the people better-than-typical outreach to help you African Americans otherwise Latinos. Inside the 2002 within this MSA, Wachovia produced 44 old-fashioned home purchase money so you can whites, only five in order to African Americans, and you may none so you’re able to Latinos. To your number, the latest aggregate industry within this MSA within the 2002 produced 273 eg fund so you can African Americans, thirty two in order to Latinos, and 1529 to whites. For those three communities, the new aggregate produced 14.9% of its funds to African People in the us, and you may step one.7% so you’re able to Latinos. To have Wachovia, the fresh numbers was reduced: only 9.3% from loans to African People in america, and you can zero per cent to Latinos. [At the same time, SouthTrust Bank for eg fund within MSA rejected 10 from this new 11 programs it received away from African Us americans.]
With the checklist, new aggregate business contained in this MSA when you look at the 2002 generated 11,902 such as for instance money so you can African Us americans, 6894 to help you Latinos, and you may 64,826 so you’re able to whites
Throughout the Raleigh-Durham NC MSA in 2002, getting conventional domestic get funds, Wachovia rejected the fresh software of Latinos a massive 5.44 times more often than whites. Meanwhile, following strategy set forth above, a reduced percentage of Wachovia’s loans was to Latinos than just try real on the aggregate. [At the same time, SouthTrust Lender to possess including funds inside MSA refuted 11 out of the new 15 applications they gotten away from African Americans.]
Towards list, the new aggregate community within this MSA inside the 2002 generated 1388 for example fund in order to African Us citizens, 488 so you can Latinos, and thirteen,794 in order to whites
Regarding the Norfolk, Virginia MSA inside the 2002, to own conventional household purchase finance, Wachovia denied brand new applications of African People in america step three.72 moments more frequently than whites.
When you look at the areas Connecticut title loans where Wachovia made early in the day purchases or expansions-by-branching, Wachovia’s checklist is additionally bad. Such as for instance from the Washington DC MSA when you look at the 2002, for conventional household purchase fund, Wachovia refuted the brand new apps of Latinos an astonishing 4.9 minutes more often than whites, and refuted the new applications out-of African People in america 2.83 times more frequently than whites. This type of highest assertion rate disparities aren’t informed me from the one deeper-than-typical outreach so you can African People in the us otherwise Latinos. During the 2002 contained in this MSA, Wachovia made 1224 antique house get money so you can whites, just 177 to help you African Us americans, and just 76 so you’re able to Latinos. For those about three organizations, the fresh aggregate generated 14.2% of the financing so you can African Us citizens, and you may 8.2% so you’re able to Latinos. Having Wachovia, the fresh new numbers had been all the way down across the board: 12% in order to African People in america, and just 5.1% to help you Latinos.
