About Charlotte, NC MSA inside the 2002, to own old-fashioned domestic pick loans, Wachovia rejected the new apps out-of Latinos cuatro.five times more often than whites, and you may rejected the applications from African Us americans 2.twenty five minutes more often than whites. These types of higher denial price disparities aren’t said from the people greater-than-regular outreach West Virginia budget finance installment loans to African Us citizens or Latinos. Inside the 2002 contained in this MSA, Wachovia produced 1292 traditional house buy financing to help you whites, merely 120 in order to African Americans, and just 34 to help you Latinos. Toward list, the new aggregate community within MSA in 2002 made 2615 such financing to help you African People in america, 697 to Latinos, and you may 20,604 to help you whites. Of these three communities, new aggregate made ten.9% of the money to African Us citizens, and you can 2.9% to Latinos. To own Wachovia, the rates was basically lower across the board. [Meanwhile, SouthTrust Financial to possess eg funds contained in this MSA declined 30 from new 35 applications it received of African People in the us.]
On Jacksonville, Florida MSA (in which this advised merger are presumptively anticompetitive) within the 2002, having antique family get financing, Wachovia declined the fresh apps regarding African Us americans dos.six minutes more often than whites. This higher assertion rates difference is not informed me of the one better-than-typical outreach in order to African Us americans, or Latinos. Within the 2002 inside MSA, Wachovia produced 567 antique home get funds to help you whites, merely twenty four to African People in the us, and simply fourteen so you’re able to Latinos. Of these about three organizations, new aggregate produced 8.9% of the finance so you can African Us citizens, and you may step 3.1% to Latinos. Getting Wachovia, the brand new data was indeed lower: simply cuatro.0% out-of finance to African People in the us, and you can dos.3% to help you Latinos. [Meanwhile, SouthTrust Financial contained in this MSA made 39 such funds so you can whites, and not one to help you African Us citizens or Latinos.]
From the Columbus, Georgia MSA for the 2002, to have traditional household pick financing, Wachovia rejected the applications regarding African People in america 2.96 minutes more frequently than whites (whenever you are doubting one hundred% of applications off Latinos). Such disparities are not told me by the one better-than-regular outreach to African Us americans or Latinos. Within the 2002 within MSA, Wachovia produced 49 traditional domestic purchase financing so you’re able to whites, simply four in order to African Americans, and you can nothing to help you Latinos. To your record, the brand new aggregate world contained in this MSA when you look at the 2002 made 273 like fund to African Us americans, 32 in order to Latinos, and you can 1529 so you can whites. For those three groups, this new aggregate generated 14.9% of their fund so you’re able to African Us citizens, and you may step one.7% in order to Latinos. To own Wachovia, the fresh numbers had been lower: only 9.3% of fund in order to African Us citizens, and you can no % so you can Latinos. [Meanwhile, SouthTrust Bank having instance funds within MSA denied 10 out of the fresh new 11 applications they acquired from African People in the us.]
For the listing, the latest aggregate industry contained in this MSA within the 2002 generated 11,902 such as for example loans in order to African People in the us, 6894 so you can Latinos, and you may 64,826 to help you whites
Regarding the Raleigh-Durham NC MSA in the 2002, for conventional domestic get finance, Wachovia refuted the new programs off Latinos a whopping 5.44 minutes more frequently than whites. Meanwhile, adopting the methods set forth over, a lowered percentage of Wachovia’s financing was to Latinos than just is actually correct on aggregate. [At the same time, SouthTrust Financial to possess instance money in this MSA rejected eleven of new 15 apps it acquired of African People in america.]
On the list, the newest aggregate globe within this MSA for the 2002 generated 1388 such as for instance finance so you can African People in the us, 488 in order to Latinos, and you may 13,794 in order to whites
Regarding Norfolk, Virginia MSA into the 2002, for old-fashioned household buy loans, Wachovia refused the latest applications away from African Us americans step 3.72 minutes more frequently than whites.
Inside the locations where Wachovia has made earlier in the day acquisitions or expansions-by-branching, Wachovia’s number is also bad. Such on Arizona DC MSA inside 2002, to possess traditional home purchase finance, Wachovia declined the newest software of Latinos an astonishing cuatro.9 times more frequently than whites, and refuted the latest programs out of African Americans 2.83 times more often than whites. These types of high assertion price disparities are not said of the people higher-than-regular outreach so you can African Americans otherwise Latinos. From inside the 2002 within MSA, Wachovia made 1224 conventional house purchase funds so you can whites, just 177 in order to African People in america, and just 76 in order to Latinos. For those three organizations, this new aggregate produced 14.2% of the fund so you can African People in america, and you will 8.2% so you can Latinos. To have Wachovia, the fresh data was straight down across-the-board: 12% to help you African Us citizens, and only 5.1% so you’re able to Latinos.
