Regarding the Charlotte, NC MSA into the 2002, to possess old-fashioned home buy money, Wachovia denied the new software off Latinos 4.five times more often than whites, and refuted the latest applications away from African Us americans dos.twenty five minutes more often than whites. These higher assertion rates disparities are not told me by people higher-than-typical outreach to African People in the us otherwise Latinos. Inside the 2002 contained in this MSA, Wachovia produced 1292 conventional domestic pick funds in order to whites, simply 120 to help you African Us citizens, and simply 34 to Latinos. With the record, this new aggregate business within this MSA within the 2002 generated 2615 including loans to African People in america, 697 to Latinos, and you may 20,604 so you’re able to whites. For these around three teams, the fresh new aggregate generated ten.9% of its fund to help you African Us americans, and you can 2.9% to Latinos. For Wachovia, the fresh new data was in fact lower across the board. [Meanwhile, SouthTrust Lender having including money inside MSA denied 30 of the fresh 35 apps it obtained from African People in the us.]
On the Jacksonville, Florida MSA (where which proposed merger is presumptively anticompetitive) inside the 2002, to possess traditional house get loans, Wachovia refused brand new apps away from African Us americans 2.six moments more often than whites. It highest assertion price disparity is not informed me of the people better-than-regular outreach so you can African People in the us, or Latinos. In 2002 inside MSA, Wachovia produced 567 traditional domestic purchase fund in order to whites, only twenty-four to African Us citizens, and just 14 to Latinos. Of these around three organizations, brand new aggregate made 8.9% of the finance to African Americans, and you may step three.1% to Latinos. To own Wachovia, brand new numbers was dramatically reduced: only 4.0% of funds to African People in america, and 2.3% to Latinos. [At the same time, SouthTrust Bank contained in this MSA made 39 such as for instance finance in order to whites, and you may none so you can African Us americans or Latinos.]
Regarding the Columbus, Georgia MSA in 2002, having antique home buy financing, Wachovia denied the latest programs off African Us citizens 2.96 times more often than whites (if you find yourself doubt one hundred% out of programs out of Latinos). This type of disparities are not informed me because of the people deeper-than-regular outreach to help you African Americans otherwise Latinos. When you look at the 2002 within this MSA, Wachovia produced 49 conventional domestic get funds to whites, merely four in order to African Us americans, and you will nothing in order to Latinos. For the list, the new aggregate world in this MSA in the 2002 made 273 such as financing to help you African Us americans, thirty-two in order to Latinos, and you can 1529 so you’re able to whites. Of these around three groups, new aggregate made fourteen.9% of its fund so you’re able Massachusetts auto title loans to African Us americans, and you will 1.7% so you can Latinos. For Wachovia, the fresh numbers was far lower: just nine.3% from financing so you’re able to African Us citizens, and no percent so you’re able to Latinos. [Meanwhile, SouthTrust Bank to own such as fund within MSA rejected ten out-of new eleven programs it received from African People in america.]
Toward listing, the brand new aggregate industry in this MSA inside 2002 produced 11,902 particularly financing in order to African Us americans, 6894 in order to Latinos, and you may 64,826 in order to whites
In the Raleigh-Durham NC MSA during the 2002, to have conventional domestic purchase financing, Wachovia refused this new software away from Latinos a whopping 5.44 minutes more often than whites. At the same time, after the strategy established above, a diminished percentage of Wachovia’s loans would be to Latinos than are genuine towards aggregate. [At the same time, SouthTrust Financial to possess including financing contained in this MSA denied eleven out-of the new 15 software it received of African People in the us.]
Toward list, this new aggregate world in this MSA into the 2002 produced 1388 instance finance so you’re able to African Americans, 488 to Latinos, and you may 13,794 so you can whites
From the Norfolk, Virginia MSA for the 2002, getting traditional domestic get loans, Wachovia refuted new programs out of African People in the us step three.72 moments more frequently than whites.
Inside avenues where Wachovia has made earlier purchases otherwise expansions-by-branching, Wachovia’s number is even even worse. Like throughout the Washington DC MSA for the 2002, having traditional house get loans, Wachovia refuted the fresh applications out of Latinos an impressive cuatro.nine times more frequently than whites, and you will denied the brand new apps of African Us citizens dos.83 moments more frequently than whites. These high denial rates disparities are not said by any deeper-than-typical outreach to African Us americans otherwise Latinos. Inside the 2002 contained in this MSA, Wachovia produced 1224 old-fashioned family pick loans so you’re able to whites, only 177 to African People in america, and simply 76 so you can Latinos. For these three organizations, the newest aggregate generated 14.2% of their loans to help you African Us citizens, and you may 8.2% in order to Latinos. For Wachovia, new rates had been lower across the board: 12% so you can African Us americans, and just 5.1% in order to Latinos.