Inside MSA, SouthTrust Financial refuted fifty% of such application is received regarding African Americans
In the Charlotte, NC MSA for the 2002, to possess conventional home pick funds, Wachovia refuted the new programs out-of Latinos 4.five times more often than whites, and you will refused the brand new applications of African Us americans 2.twenty five moments more often than whites. Such high assertion speed disparities aren’t informed me of the one greater-than-typical outreach so you can African People in the us or Latinos. In 2002 contained in this MSA, Wachovia made 1292 old-fashioned family purchase money so you’re able to whites, only 120 in order to African Us citizens, and just 34 so you’re able to Latinos. On the listing, the fresh aggregate business in this MSA when you look at the 2002 produced 2615 such money to help you African Americans, 697 so you’re able to Latinos, and you may 20,604 so you can whites. Of these three organizations, the newest aggregate produced 10.9% of its financing to help you African People in america, and 2.9% so you’re able to Latinos. To own Wachovia, the fresh numbers was lower across the board. [At the same time, SouthTrust Financial to own instance financing inside MSA denied 30 from brand new 35 apps it received from African Americans.]
About Jacksonville, Fl MSA (where that it proposed merger try presumptively anticompetitive) in 2002, having conventional household purchase finance, Wachovia refuted new applications from African People in the us 2.six moments more frequently than whites. It high assertion rate disparity isn’t explained because of the one better-than-typical outreach in order to African Us citizens, or Latinos. In 2002 in this MSA, Wachovia made 567 antique domestic buy loans in order to whites, merely twenty four so you can African Us https://paydayloanservice.org/installment-loans-va/ citizens, and just fourteen so you can Latinos. Of these around three communities, brand new aggregate made 8.9% of the money so you’re able to African Us americans, and you will step three.1% so you can Latinos. To own Wachovia, this new rates was basically reduced: merely cuatro.0% regarding fund to African People in america, and dos.3% so you can Latinos. [Meanwhile, SouthTrust Financial within this MSA made 39 eg money so you’re able to whites, and you can not one to African Americans otherwise Latinos.]
Regarding the Columbus, Georgia MSA in 2002, to have old-fashioned home pick financing, Wachovia refuted the newest apps out-of African Us citizens 2.96 moments more often than whites (whenever you are denying one hundred% out of software regarding Latinos). This type of disparities are not said from the people better-than-typical outreach to African Us citizens otherwise Latinos. In the 2002 within MSA, Wachovia produced forty-two traditional house buy loans to whites, simply five in order to African People in america, and not one so you can Latinos. On number, the brand new aggregate business inside MSA inside the 2002 made 273 such as financing to help you African People in america, thirty-two in order to Latinos, and you will 1529 to help you whites. Of these three organizations, brand new aggregate made 14.9% of its money so you can African Americans, and you can 1.7% to Latinos. To own Wachovia, the newest figures was indeed dramatically reduced: simply nine.3% of fund to help you African Americans, and no percent to help you Latinos. [Meanwhile, SouthTrust Bank to possess for example funds in this MSA refused ten out of brand new 11 programs they received out-of African Us americans.]
Towards listing, new aggregate community within this MSA for the 2002 produced 11,902 eg funds so you’re able to African Us citizens, 6894 so you can Latinos, and you can 64,826 so you can whites
On Raleigh-Durham NC MSA within the 2002, having antique domestic get loans, Wachovia denied the fresh software out of Latinos a massive 5.forty-two moments more frequently than whites. At the same time, following methodology established a lot more than, a reduced part of Wachovia’s funds was to Latinos than are real to your aggregate. [Meanwhile, SouthTrust Bank to have eg loans contained in this MSA denied 11 out-of this new fifteen applications they gotten away from African People in the us.]
For the checklist, the latest aggregate business contained in this MSA from inside the 2002 produced 1388 for example money in order to African People in the us, 488 so you can Latinos, and you will thirteen,794 to help you whites
In the Norfolk, Virginia MSA inside the 2002, to own old-fashioned family pick fund, Wachovia refuted the new apps away from African Americans 3.72 moments more often than whites.
In the locations where Wachovia has made earlier acquisitions or expansions-by-branching, Wachovia’s number is also worse. Particularly throughout the Washington DC MSA inside the 2002, for conventional family purchase finance, Wachovia refuted the new software from Latinos a whopping 4.nine minutes more frequently than whites, and declined new programs out of African People in america 2.83 times more frequently than whites. Such large assertion rate disparities commonly told me of the people deeper-than-typical outreach in order to African Us americans or Latinos. In the 2002 inside MSA, Wachovia generated 1224 antique family buy loans so you can whites, merely 177 so you can African People in america, and just 76 in order to Latinos. For those around three communities, the aggregate made fourteen.2% of the finance so you can African People in the us, and you may 8.2% in order to Latinos. For Wachovia, this new rates was all the way down across the board: 12% so you can African People in the us, and simply 5.1% to help you Latinos.