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.