Throughout the Charlotte, NC MSA within the 2002, for old-fashioned domestic pick money, Wachovia denied the newest software off Latinos 4.five times more frequently than whites, and you may denied new apps off African Americans dos.twenty-five minutes more often than whites. This type of higher assertion rates disparities aren’t informed me of the one higher-than-normal outreach so you can African Us citizens otherwise Latinos. For the 2002 contained in this MSA, Wachovia made 1292 old-fashioned house pick loans in order to whites, merely 120 in order to African People in the us, and only 34 so you’re able to Latinos. Into list, the brand new aggregate globe inside MSA within the 2002 produced 2615 such as fund to help you African People in america, 697 so you can Latinos, and you may 20,604 to whites. For those around three organizations, the brand new aggregate produced ten.9% of their fund to African Us citizens, and 2.9% so you’re able to Latinos. Having Wachovia, the fresh new data was in fact all the way down across the board. [Meanwhile, SouthTrust Bank having such as fund within MSA denied 30 off the newest thirty five software it received off African Americans.]
In the Jacksonville, Fl MSA (where that it suggested merger try presumptively anticompetitive) during the 2002, getting traditional family pick fund, Wachovia declined this new programs regarding African People in america 2.6 moments title loans Vermont without clear title more often than whites. So it high assertion rates disparity is not informed me by the any deeper-than-typical outreach to African Us citizens, or Latinos. Into the 2002 within this MSA, Wachovia generated 567 old-fashioned domestic pick loans to whites, only 24 so you’re able to African People in america, and simply fourteen to help you Latinos. Of these about three teams, the latest aggregate made 8.9% of the funds so you’re able to African People in the us, and you can 3.1% to help you Latinos. Getting Wachovia, the newest rates had been far lower: just cuatro.0% regarding financing in order to African People in the us, and you will dos.3% to Latinos. [Meanwhile, SouthTrust Bank contained in this MSA produced 39 instance funds to whites, and you will not one in order to African People in america otherwise Latinos.]
Regarding Columbus, Georgia MSA inside 2002, getting antique household buy finance, Wachovia rejected the new apps off African Us citizens 2.96 moments more often than whites (whenever you are denying a hundred% off apps away from Latinos). This type of disparities aren’t said of the one higher-than-normal outreach to African Us citizens or Latinos. Into the 2002 inside MSA, Wachovia made 44 old-fashioned domestic pick money to help you whites, merely four so you can African Americans, and you may nothing in order to Latinos. Into the listing, the fresh aggregate globe contained in this MSA in the 2002 made 273 including funds in order to African People in america, 32 so you’re able to Latinos, and 1529 so you’re able to whites. For these around three teams, the aggregate generated fourteen.9% of the financing so you’re able to African Americans, and you will step 1.7% in order to Latinos. To possess Wachovia, this new rates had been lower: merely nine.3% regarding loans so you can African Us citizens, and you may no per cent so you’re able to Latinos. [Meanwhile, SouthTrust Lender to possess instance money within MSA declined ten of this new 11 apps they received away from African Americans.]
With the record, this new aggregate business in this MSA inside 2002 made eleven,902 instance loans so you can African People in america, 6894 to help you Latinos, and you can 64,826 so you can whites
From the Raleigh-Durham NC MSA in 2002, having old-fashioned family pick funds, Wachovia refused the new software from Latinos a massive 5.49 minutes more often than whites. Meanwhile, adopting the strategy set forth significantly more than, a lowered percentage of Wachovia’s finance would be to Latinos than is actually real to the aggregate. [At the same time, SouthTrust Lender to possess eg fund within MSA rejected 11 out-of new 15 applications they gotten off African Americans.]
On number, brand new aggregate globe within MSA from inside the 2002 made 1388 such as for example financing to help you African People in america, 488 to help you Latinos, and you may thirteen,794 so you can whites
On the Norfolk, Virginia MSA during the 2002, to own conventional house purchase fund, Wachovia declined the applications of African Americans step 3.72 times more frequently than whites.
When you look at the segments where Wachovia made earlier in the day purchases or expansions-by-branching, Wachovia’s list is also even worse. For example regarding Arizona DC MSA from inside the 2002, to have conventional household pick money, Wachovia denied the apps away from Latinos a massive 4.nine minutes more often than whites, and denied this new apps of African Us citizens dos.83 minutes more often than whites. These types of highest assertion price disparities aren’t told me by the any better-than-regular outreach in order to African People in the us otherwise Latinos. During the 2002 within this MSA, Wachovia produced 1224 old-fashioned domestic pick fund to whites, just 177 to African People in the us, and just 76 so you can Latinos. Of these about three groups, the brand new aggregate made 14.2% of their financing to African Us americans, and you can 8.2% to help you Latinos. To possess Wachovia, the new rates was down across the board: 12% so you’re able to African People in america, and only 5.1% in order to Latinos.