Within MSA, SouthTrust Lender refuted 50% of these application is gotten of African People in america
Throughout the Charlotte online installment loans, Connecticut, NC MSA within the 2002, for traditional household get funds, Wachovia denied the newest software out-of Latinos cuatro.5 times more frequently than whites, and you may refused the latest apps out of African Us americans dos.twenty five times more often than whites. These higher denial rates disparities aren’t told me of the one higher-than-normal outreach to African Us citizens otherwise Latinos. In the 2002 contained in this MSA, Wachovia made 1292 antique domestic purchase money to whites, just 120 in order to African People in the us, and only 34 to help you Latinos. To your checklist, the brand new aggregate industry inside MSA for the 2002 produced 2615 such fund in order to African Americans, 697 to help you Latinos, and you may 20,604 so you can whites. For those three communities, the latest aggregate produced ten.9% of their money to African Us americans, and you may dos.9% in order to Latinos. Getting Wachovia, new rates was in fact straight down across the board. [Meanwhile, SouthTrust Financial to have such as for example funds within MSA refuted 31 off the thirty five apps they gotten of African People in the us.]
From the Jacksonville, Florida MSA (where so it proposed merger are presumptively anticompetitive) from inside the 2002, to possess old-fashioned household purchase loans, Wachovia declined the fresh programs out-of African Us citizens dos.6 moments more frequently than whites. That it high denial price disparity is not said by the people better-than-typical outreach to African People in america, or Latinos. Inside the 2002 inside MSA, Wachovia made 567 old-fashioned family buy money in order to whites, simply twenty four so you’re able to African People in america, and only 14 to Latinos. Of these around three groups, the newest aggregate generated 8.9% of its fund so you can African Us americans, and you may 3.1% so you can Latinos. To possess Wachovia, the fresh rates was dramatically reduced: merely 4.0% of fund to African People in america, and you can dos.3% so you can Latinos. [Meanwhile, SouthTrust Lender contained in this MSA produced 39 eg funds to help you whites, and none to African Us americans otherwise Latinos.]
Regarding Columbus, Georgia MSA within the 2002, getting traditional family purchase financing, Wachovia refuted the fresh applications from African Us americans dos.96 moments more often than whites (when you find yourself denying one hundred% from software from Latinos). These types of disparities commonly informed me because of the one deeper-than-normal outreach in order to African Us citizens or Latinos. Within the 2002 within this MSA, Wachovia produced forty-two conventional home get loans so you’re able to whites, simply five so you’re able to African People in america, and you can not one to Latinos. On listing, brand new aggregate business in this MSA in the 2002 made 273 such as for instance funds to African Americans, thirty two so you can Latinos, and you may 1529 to whites. For these three groups, the new aggregate produced fourteen.9% of its money so you can African People in america, and you will step 1.7% to Latinos. To have Wachovia, brand new data was basically lower: only nine.3% regarding funds in order to African Us americans, and you can no per cent so you’re able to Latinos. [Meanwhile, SouthTrust Lender to own such as for instance fund within this MSA refuted ten out-of the brand new eleven software they acquired regarding African Us citizens.]
Into checklist, new aggregate industry contained in this MSA from inside the 2002 produced 11,902 including funds to help you African People in the us, 6894 so you can Latinos, and you can 64,826 so you’re able to whites
In the Raleigh-Durham NC MSA into the 2002, for old-fashioned house pick money, Wachovia denied brand new apps out-of Latinos an impressive 5.49 moments more often than whites. Meanwhile, following the methods set forth over, a lesser part of Wachovia’s finance was to Latinos than simply are genuine into the aggregate. [Meanwhile, SouthTrust Financial for eg funds within this MSA denied eleven from the latest 15 software it acquired regarding African Us citizens.]
To the listing, the newest aggregate industry within this MSA inside 2002 produced 1388 such as for example loans so you’re able to African People in the us, 488 to help you Latinos, and you may 13,794 in order to whites
About Norfolk, Virginia MSA in the 2002, for traditional household pick loans, Wachovia refuted the brand new software out-of African Americans step three.72 minutes more often than whites.
Inside segments in which Wachovia makes earlier acquisitions otherwise expansions-by-branching, Wachovia’s record is even worse. Like from the Arizona DC MSA from inside the 2002, to own traditional home buy funds, Wachovia denied new software out of Latinos a massive 4.9 times more often than whites, and rejected the newest software out of African People in the us 2.83 minutes more frequently than whites. Such high denial rates disparities are not told me from the any better-than-normal outreach so you’re able to African Us citizens or Latinos. For the 2002 in this MSA, Wachovia generated 1224 traditional home get money so you’re able to whites, only 177 so you can African Us americans, and just 76 so you can Latinos. For those three teams, the newest aggregate made 14.2% of their funds to African Us americans, and you will 8.2% in order to Latinos. To own Wachovia, the latest data were all the way down across the board: 12% to help you African Us citizens, and just 5.1% in order to Latinos.