Throughout the Charlotte, NC MSA from inside the 2002, getting traditional domestic purchase fund, Wachovia refused brand new apps regarding Latinos cuatro.five times more often than whites, and you can declined the fresh new applications out of African Us americans dos.twenty five moments more often than whites. This type of large denial speed disparities aren’t explained by the one higher-than-regular outreach so you can African Us citizens or Latinos. During the 2002 within MSA, Wachovia generated 1292 antique home purchase money to help you whites, just 120 to African Us citizens, and just 34 so you can Latinos. To your list, the fresh aggregate industry within MSA in 2002 produced 2615 instance money so you can African Americans, 697 to Latinos, and you can 20,604 in order to whites. For these three teams, new aggregate made 10.9% of their loans in order to African People in america, and you may dos.9% so you’re able to Latinos. To own Wachovia, new data was all the way down across the board. [Meanwhile, SouthTrust Financial getting such as for instance funds contained in this MSA rejected 31 away from the thirty five programs they gotten off African Us citizens.]
On Jacksonville, Fl MSA (in which it advised merger are presumptively anticompetitive) inside 2002, to possess old-fashioned household buy loans, Wachovia refuted brand new software out-of African People in america 2.six minutes more often than whites. This highest assertion price disparity isn’t told me from the any better-than-normal outreach so you can African People in america, otherwise Latinos. Within the 2002 inside MSA, Wachovia produced 567 conventional house get money in order to whites, only twenty-four to help you African People in the us, and just fourteen to help you Latinos. For these about three teams, the aggregate made 8.9% of the funds in order to African People in the us, and you may step three.1% to Latinos. urgent hyperlink Getting Wachovia, the fresh new rates had been dramatically reduced: only cuatro.0% regarding fund so you’re able to African Americans, and you can dos.3% to help you Latinos. [Meanwhile, SouthTrust Bank in this MSA made 39 for example funds so you can whites, and none to help you African People in america or Latinos.]
About Columbus, Georgia MSA inside the 2002, to possess conventional house purchase fund, Wachovia rejected new apps of African People in the us 2.96 minutes more often than whites (if you are denying 100% out of programs of Latinos). This type of disparities aren’t said from the any higher-than-typical outreach so you can African Us americans or Latinos. Into the 2002 inside MSA, Wachovia made forty-two conventional home buy fund in order to whites, only five so you’re able to African Americans, and you may nothing to Latinos. To your listing, brand new aggregate industry contained in this MSA during the 2002 generated 273 such as for example fund in order to African People in the us, 32 so you can Latinos, and 1529 to help you whites. For these three communities, this new aggregate made fourteen.9% of its money in order to African Americans, and you can step one.7% in order to Latinos. To possess Wachovia, brand new rates had been much lower: merely nine.3% away from fund so you can African People in america, and you will zero percent in order to Latinos. [At the same time, SouthTrust Financial getting such as funds within this MSA denied 10 from brand new eleven programs it acquired from African People in the us.]
In the Raleigh-Durham NC MSA within the 2002, to own traditional household buy finance, Wachovia refused the newest applications out-of Latinos a whopping 5.forty two minutes more frequently than whites. At the same time, pursuing the methodology set forth above, a lesser part of Wachovia’s finance were to Latinos than simply is genuine to your aggregate. [At the same time, SouthTrust Bank to have including money inside MSA denied 11 off the new 15 programs they gotten out-of African Us americans.]
On the Norfolk, Virginia MSA in 2002, having conventional household purchase money, Wachovia refused the fresh programs out of African People in america 3.72 minutes more frequently than whites.
Within the avenues in which Wachovia has made previous acquisitions or expansions-by-branching, Wachovia’s list is even tough. Instance from the Washington DC MSA into the 2002, having traditional home get funds, Wachovia denied brand new programs off Latinos a massive 4.nine minutes more often than whites, and denied the software out-of African People in america 2.83 moments more frequently than whites. This type of highest denial price disparities aren’t said by the any greater-than-regular outreach in order to African People in the us or Latinos. For the 2002 inside MSA, Wachovia generated 1224 conventional household purchase fund so you’re able to whites, simply 177 in order to African Americans, and only 76 to Latinos. For these three communities, the fresh aggregate generated 14.2% of their money in order to African People in the us, and you may 8.2% to help you Latinos. To possess Wachovia, the new data was lower across the board: 12% to African People in the us, and simply 5.1% to help you Latinos.
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