About Charlotte, NC MSA inside 2002, to have conventional household pick financing, Wachovia declined brand new applications out of Latinos cuatro.5 times more frequently than whites, and you can refused brand new apps out of African People in the us 2.twenty-five minutes more often than whites. This type of high denial rate disparities aren’t said of the any better-than-typical outreach so you can African People in america otherwise Latinos. When you look at the 2002 within this MSA, Wachovia generated 1292 antique household pick money so you can whites, just 120 so you’re able to African People in america, and only 34 in order to Latinos. To your record, this new aggregate globe in this MSA when you look at the 2002 produced 2615 such as for instance finance so you’re able to African People in america, 697 to Latinos, and you can 20,604 to help you whites. Of these around three organizations, the new aggregate generated 10.9% of the finance so you’re able to African People in america, and you will 2.9% so you can Latinos. To have Wachovia, the newest figures was down across the board. [At the same time, SouthTrust Bank to have eg fund inside MSA denied 31 out-of the thirty five applications it obtained away from African Americans.]
Throughout the Jacksonville, Fl MSA (in which so it recommended merger was presumptively anticompetitive) inside the 2002, getting antique domestic buy loans, Wachovia refused the fresh new apps off African People in america dos.6 moments more often than whites. So it high denial price disparity is not told me by one higher-than-typical outreach in order to African Americans, otherwise Latinos. Within the 2002 within MSA, Wachovia produced 567 traditional household pick finance in order to whites, merely 24 to African People in america, and just fourteen in order to Latinos. For those three communities, the brand new aggregate generated 8.9% of their money to help you African Us americans, and you can 3.1% so you can Latinos. For Wachovia, the newest data was reduced: merely 4.0% out of finance so you’re able to African Us citizens, and you can dos.3% to Latinos. [At the same time, SouthTrust Financial inside MSA produced 39 such as for example financing to help you whites, and none in order to African Us americans or Latinos.]
From the Columbus, Georgia MSA within the 2002, to own conventional home get fund, Wachovia refuted the applications regarding African People in america 2.96 minutes more frequently than whites (when you find yourself doubting one hundred% out of software out-of Latinos). These types of disparities aren’t informed me of the any higher-than-regular outreach in order to African Us citizens or Latinos. From inside the 2002 within MSA, Wachovia generated forty two conventional home buy fund so you can whites, only five to African People in america, and nothing to help you Latinos. To the record, new aggregate world contained in this MSA for the 2002 made 273 particularly funds to help you African People in the us, thirty two so you can Latinos, and you can 1529 in order to whites. For these around three organizations, brand new aggregate generated 14.9% of the funds so you can African People in the us, and step 1.7% so car title loan in TN you can Latinos. To possess Wachovia, the brand new rates had been reduced: just 9.3% of loans to African Americans, and you will no % to Latinos. [Meanwhile, SouthTrust Financial getting for example loans in this MSA rejected 10 out-of brand new 11 applications it obtained off African Us citizens.]
On the number, brand new aggregate world within MSA within the 2002 produced 11,902 such as loans to African Americans, 6894 to Latinos, and you will 64,826 in order to whites
Regarding the Raleigh-Durham NC MSA when you look at the 2002, to possess traditional family get money, Wachovia rejected the new apps away from Latinos an astonishing 5.forty two times more frequently than whites. At the same time, following methodology established significantly more than, a lowered part of Wachovia’s finance would be to Latinos than just is actually correct to your aggregate. [At the same time, SouthTrust Financial to have instance money within this MSA rejected eleven out-of the latest 15 software they gotten out-of African Americans.]
To your checklist, the fresh new aggregate community within this MSA when you look at the 2002 generated 1388 such as for example money to African Us americans, 488 so you’re able to Latinos, and thirteen,794 to help you whites
About Norfolk, Virginia MSA into the 2002, for antique family pick money, Wachovia refuted the apps out of African Americans 3.72 minutes more frequently than whites.
Inside the places in which Wachovia has made prior purchases otherwise expansions-by-branching, Wachovia’s number is additionally even worse. Eg from the Washington DC MSA inside 2002, to possess antique house purchase finance, Wachovia rejected the new applications out-of Latinos an impressive cuatro.nine minutes more frequently than whites, and you will rejected the software out-of African People in the us dos.83 times more often than whites. This type of high assertion rate disparities are not explained because of the any better-than-regular outreach to help you African Us citizens otherwise Latinos. During the 2002 inside MSA, Wachovia generated 1224 traditional house get money so you can whites, only 177 so you’re able to African People in the us, and only 76 to Latinos. Of these about three groups, the fresh new aggregate made 14.2% of the finance so you’re able to African People in america, and you can 8.2% to Latinos. Getting Wachovia, the brand new data were lower across the board: 12% to African Americans, and just 5.1% in order to Latinos.