Throughout the Charlotte, NC MSA for the 2002, having conventional family pick finance, Wachovia refuted the software from Latinos 4.5 times more often than whites, and you can denied the fresh new software off African Us citizens 2.twenty five moments more frequently than whites. These types of high denial rate disparities commonly explained by any higher-than-typical outreach so you can African Us citizens or Latinos. In the 2002 inside MSA, Wachovia made 1292 traditional home pick financing to whites, only 120 to African Us americans, and just 34 to Latinos. https://paydayloansexpert.com/installment-loans-ne/ On the checklist, the newest aggregate business within MSA for the 2002 made 2615 such as for example fund to African Us citizens, 697 so you can Latinos, and you can 20,604 to whites. For these three organizations, the brand new aggregate made 10.9% of their fund so you can African Us citizens, and dos.9% to Latinos. Getting Wachovia, the latest figures was basically lower across-the-board. [Meanwhile, SouthTrust Bank getting such as financing within this MSA refused 30 off the 35 programs they gotten of African Americans.]
Regarding Jacksonville, Florida MSA (where this advised merger are presumptively anticompetitive) from inside the 2002, having conventional domestic purchase fund, Wachovia refused the fresh applications off African People in america dos.six moments more often than whites. Which highest assertion rates difference is not said by people higher-than-typical outreach so you’re able to African Us americans, or Latinos. For the 2002 within MSA, Wachovia produced 567 old-fashioned home purchase fund to whites, merely twenty four to African People in the us, and only 14 in order to Latinos. Of these about three organizations, the fresh new aggregate produced 8.9% of the financing to help you African People in america, and you can 3.1% to Latinos. To have Wachovia, the new data have been lower: simply cuatro.0% regarding fund in order to African People in america, and you can 2.3% to Latinos. [Meanwhile, SouthTrust Lender inside MSA made 39 eg money so you can whites, and nothing so you can African People in america or Latinos.]
In the Columbus, Georgia MSA within the 2002, to have old-fashioned household pick funds, Wachovia denied the brand new apps regarding African Us citizens 2.96 moments more frequently than whites (when you find yourself doubt 100% out-of applications regarding Latinos). These disparities aren’t informed me by one greater-than-normal outreach to African People in america otherwise Latinos. In 2002 in this MSA, Wachovia generated 49 old-fashioned house buy money to whites, simply four so you can African People in america, and you may none to Latinos. Towards the checklist, the fresh new aggregate globe contained in this MSA within the 2002 made 273 instance loans so you’re able to African Americans, 32 so you’re able to Latinos, and 1529 to whites. For those three organizations, the brand new aggregate produced fourteen.9% of their funds so you’re able to African People in america, and you can step one.7% in order to Latinos. To have Wachovia, the newest numbers was lower: only 9.3% off loans so you’re able to African Us americans, and you will no % to help you Latinos. [Meanwhile, SouthTrust Lender having instance money in this MSA refuted ten regarding the fresh new 11 applications it received of African Us americans.]
Toward number, the newest aggregate industry inside MSA into the 2002 generated 11,902 such as funds in order to African Us americans, 6894 so you’re able to Latinos, and you may 64,826 in order to whites
Regarding the Raleigh-Durham NC MSA in 2002, to have antique family get financing, Wachovia refuted this new apps out-of Latinos a whopping 5.forty-two times more frequently than whites. At the same time, adopting the strategy set forth more than, a lower life expectancy percentage of Wachovia’s funds would be to Latinos than simply are correct with the aggregate. [At the same time, SouthTrust Lender to have including fund inside MSA rejected 11 from the fresh 15 applications it acquired off African Us citizens.]
Toward number, brand new aggregate globe within MSA from inside the 2002 generated 1388 including loans to help you African Us americans, 488 in order to Latinos, and 13,794 so you’re able to whites
Regarding Norfolk, Virginia MSA in 2002, getting old-fashioned family pick money, Wachovia denied the brand new applications regarding African Us citizens step three.72 moments more frequently than whites.
Into the locations where Wachovia has made earlier acquisitions otherwise expansions-by-branching, Wachovia’s number is even worse. Particularly on Washington DC MSA in 2002, getting traditional domestic pick financing, Wachovia refused new applications of Latinos an astonishing 4.9 times more frequently than whites, and declined the newest applications out of African People in america 2.83 times more frequently than whites. These types of higher assertion speed disparities are not informed me by the people greater-than-normal outreach to African Americans otherwise Latinos. When you look at the 2002 inside MSA, Wachovia made 1224 conventional domestic purchase loans in order to whites, simply 177 so you’re able to African Us citizens, and simply 76 to help you Latinos. For these three groups, this new aggregate made fourteen.2% of their fund so you can African Us citizens, and you may 8.2% in order to Latinos. To own Wachovia, the latest rates was in fact lower across-the-board: 12% so you can African People in the us, and just 5.1% so you’re able to Latinos.