Within this MSA, SouthTrust Lender rejected fifty% of these software program is gotten from African People in america

Within this MSA, SouthTrust Lender rejected fifty% of these software program is gotten from African People in america

Regarding Charlotte, NC MSA into the 2002, having old-fashioned home get finance, Wachovia rejected the latest apps of Latinos 4.five times more frequently than whites, and you may declined new apps from African Us citizens 2.25 minutes more frequently than whites. These types of highest assertion rate disparities are not said from the one higher-than-typical outreach so you can African Us americans otherwise Latinos. For the 2002 contained in this MSA, Wachovia generated 1292 old-fashioned home buy money so you can whites, only 120 to African People in the us, and simply 34 so you’re able to Latinos. On the number, the newest aggregate business within MSA within the 2002 generated 2615 such financing to help you African Americans, 697 so you’re able to Latinos, and you will 20,604 so you’re able to whites. Of these about three teams, the newest aggregate generated 10.9% of its fund to African People in america, and you can dos.9% so you can Latinos. For Wachovia, the latest data was in fact all the way down across the board. [Meanwhile, SouthTrust Lender to have eg financing within this MSA refuted 30 away from the brand new thirty five software it obtained away from African Americans.]

Throughout the Jacksonville, Florida MSA (where this suggested merger are presumptively anticompetitive) when you look at the 2002, for conventional house buy finance, Wachovia refused the latest software regarding African People in america dos.6 times more frequently than whites. It high assertion speed difference is not told me of the any deeper-than-normal outreach in order to African People in america, otherwise Latinos. Inside the 2002 inside MSA, Wachovia generated 567 antique home purchase funds so you can whites, only twenty four so you’re able to African People in the us, and simply 14 to help you Latinos. Of these three communities, brand new aggregate produced 8.9% of their fund so you can African Americans, and you may 3.1% so you’re able to Latinos. To possess Wachovia, the fresh new figures was in fact reduced: merely 4.0% of finance to help you African Americans, and you may 2.3% in order to Latinos. [Meanwhile, SouthTrust Bank within MSA made 39 such as for example loans so you’re able to whites, and you will none so you’re able to African Us citizens otherwise Latinos.]

Regarding Columbus, Georgia MSA within the 2002, to have traditional domestic get money, Wachovia refused the fresh programs out-of African Us citizens 2.96 times more often than whites (if you find yourself denying a hundred% regarding apps out-of Latinos). This type of disparities aren’t informed me by people deeper-than-normal outreach so you can African Us americans or Latinos. In the 2002 within this MSA, Wachovia produced 44 traditional home get funds to help you whites, just five to African Us citizens, and you will none to help you Latinos. Into the record, the brand new aggregate world in this MSA in the 2002 made 273 eg funds in order to African Americans, thirty-two so you’re able to Latinos, and 1529 to help you whites. Of these around three organizations, the aggregate made 14.9% of the financing so you can African People in the us, and you will step 1.7% so you can Latinos. To own Wachovia, the fresh new figures was basically dramatically reduced: merely 9.3% from loans so you’re able visit this page to African Americans, and no percent so you’re able to Latinos. [At the same time, SouthTrust Lender having instance money inside MSA refuted 10 from the fresh new 11 applications they gotten out-of African Us citizens.]

On record, the newest aggregate globe within this MSA when you look at the 2002 produced eleven,902 such as for instance financing so you can African People in the us, 6894 to help you Latinos, and you can 64,826 so you’re able to whites

In the Raleigh-Durham NC MSA into the 2002, getting antique house pick money, Wachovia refused the fresh programs of Latinos an impressive 5.forty two minutes more frequently than whites. At the same time, pursuing the methods set forth over, a lower percentage of Wachovia’s finance were to Latinos than is genuine towards the aggregate. [Meanwhile, SouthTrust Lender for including finance within MSA declined 11 off the new 15 programs it gotten out-of African People in the us.]

On number, the fresh aggregate globe contained in this MSA in 2002 produced 1388 instance finance so you’re able to African Us americans, 488 to Latinos, and you may 13,794 to help you whites

On Norfolk, Virginia MSA inside the 2002, to own antique house get finance, Wachovia refused the latest apps from African Americans 3.72 minutes more frequently than whites.

When you look at the markets in which Wachovia makes past purchases otherwise expansions-by-branching, Wachovia’s listing is even tough. Such regarding Washington DC MSA inside the 2002, having antique domestic buy money, Wachovia refused the newest programs out-of Latinos a whopping cuatro.nine minutes more frequently than whites, and you can refused the latest programs out-of African People in america 2.83 moments more often than whites. These highest assertion speed disparities are not explained of the any deeper-than-typical outreach to African Us americans otherwise Latinos. Inside 2002 contained in this MSA, Wachovia made 1224 old-fashioned house purchase loans in order to whites, merely 177 so you’re able to African People in the us, and simply 76 so you can Latinos. Of these three organizations, this new aggregate generated 14.2% of their loans in order to African People in america, and 8.2% in order to Latinos. To have Wachovia, the newest numbers have been down across-the-board: 12% in order to African Us americans, and only 5.1% to Latinos.


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