Regarding Charlotte, NC MSA into the 2002, to own traditional domestic get funds, Wachovia rejected the latest programs off Latinos cuatro.5 times more often than whites, and you may declined the fresh apps of African Us citizens dos.25 minutes more often than whites. This type of large assertion price disparities commonly said by people better-than-regular outreach in order to African Us americans otherwise Latinos. Inside 2002 contained in this MSA, Wachovia made 1292 old-fashioned house buy fund so you’re able to whites, simply 120 so you’re able to African Americans, and simply 34 so you’re able to Latinos. On the record, the newest aggregate world inside MSA in the 2002 generated 2615 for example loans to African Americans, 697 to Latinos, and you may 20,604 so you’re able to whites. For those three communities, the brand new aggregate produced 10.9% of the loans to African People in america, and you will dos.9% to help you Latinos. To own Wachovia, the fresh new numbers was in fact straight down across-the-board. [At the same time, SouthTrust Bank getting instance financing inside MSA declined 31 off the fresh new thirty-five apps they obtained out of African Us citizens.]
In the Jacksonville, Fl MSA (in which which suggested merger is presumptively anticompetitive) inside the 2002, to Delaware title loan own conventional house buy money, Wachovia rejected new programs of African Us citizens 2.six times more frequently than whites. That it large denial price difference isn’t said from the one better-than-normal outreach to help you African Americans, or Latinos. Inside 2002 in this MSA, Wachovia generated 567 traditional house buy fund in order to whites, only 24 to African People in the us, and simply fourteen so you can Latinos. Of these about three teams, the fresh aggregate produced 8.9% of its fund to African Us americans, and you will step 3.1% in order to Latinos. To have Wachovia, the latest numbers was indeed much lower: just cuatro.0% away from money in order to African Us americans, and 2.3% in order to Latinos. [Meanwhile, SouthTrust Financial inside MSA produced 39 such fund so you’re able to whites, and you will not one to African People in the us or Latinos.]
Regarding Columbus, Georgia MSA inside the 2002, for traditional domestic purchase funds, Wachovia rejected the brand new apps regarding African People in the us dos.96 times more often than whites (while you are doubt a hundred% of programs regarding Latinos). This type of disparities aren’t explained from the any greater-than-typical outreach so you’re able to African People in the us otherwise Latinos. In 2002 within this MSA, Wachovia generated 44 old-fashioned household pick funds to help you whites, just five to help you African People in america, and none to Latinos. Toward checklist, the latest aggregate business in this MSA from inside the 2002 made 273 for example money in order to African People in the us, thirty two to help you Latinos, and you can 1529 so you’re able to whites. Of these around three teams, the brand new aggregate produced 14.9% of the fund so you can African People in the us, and step 1.7% to help you Latinos. To possess Wachovia, the fresh new rates have been lower: just 9.3% out of fund so you’re able to African Us citizens, and no per cent so you’re able to Latinos. [At the same time, SouthTrust Lender getting such fund within MSA declined 10 regarding the 11 apps they gotten away from African Americans.]
On the record, the latest aggregate industry within this MSA inside 2002 made 11,902 particularly funds in order to African Americans, 6894 in order to Latinos, and you can 64,826 to whites
On the Raleigh-Durham NC MSA for the 2002, having traditional house pick funds, Wachovia refuted the new programs of Latinos an impressive 5.44 times more frequently than whites. Meanwhile, following methods established over, a lower life expectancy part of Wachovia’s loans would be to Latinos than just is actually real with the aggregate. [Meanwhile, SouthTrust Lender to own including money within MSA declined 11 from new fifteen applications it received off African Americans.]
Toward checklist, this new aggregate world inside MSA inside 2002 made 1388 such finance so you’re able to African People in america, 488 to help you Latinos, and you may thirteen,794 to help you whites
Regarding the Norfolk, Virginia MSA during the 2002, for antique family buy finance, Wachovia refuted the new software from African People in america 3.72 times more often than whites.
From inside the avenues where Wachovia made earlier acquisitions otherwise expansions-by-branching, Wachovia’s listing is additionally worse. Particularly regarding the Washington DC MSA from inside the 2002, for antique household buy fund, Wachovia denied brand new apps of Latinos a whopping 4.nine minutes more frequently than whites, and you can declined the new applications regarding African People in the us 2.83 times more often than whites. This type of highest denial speed disparities are not explained because of the people better-than-typical outreach so you can African Us americans otherwise Latinos. Within the 2002 in this MSA, Wachovia produced 1224 old-fashioned family get financing so you’re able to whites, only 177 to help you African People in the us, and only 76 so you can Latinos. For these about three groups, the latest aggregate produced fourteen.2% of the loans to African People in america, and you will 8.2% to Latinos. Having Wachovia, this new rates was lower across-the-board: 12% in order to African People in the us, and just 5.1% to help you Latinos.
