On the Charlotte, NC MSA into the 2002, to own old-fashioned family get financing, Wachovia declined this new software from Latinos 4.five times more frequently than whites, and you may refuted new apps off African Us citizens dos.twenty five minutes more often than whites. These highest denial rates disparities commonly told me of the any greater-than-regular outreach in order to African People in the us otherwise Latinos. From inside the 2002 within this MSA, Wachovia produced 1292 old-fashioned family buy finance in order to whites, only 120 so you’re able to African People in america, and simply 34 to help you Latinos. To the list, the aggregate community within MSA from inside the 2002 generated 2615 including funds to help you African Us citizens, 697 so you can Latinos, and 20,604 in order to whites. For those three teams, the new aggregate generated 10.9% of its loans so you’re able to African People in america, and you can 2.9% so you can Latinos. Having Wachovia, this new data was indeed all the way down across-the-board. [Meanwhile, SouthTrust Financial getting particularly money contained in this MSA declined 31 of the brand new thirty-five software it acquired of African People in america.]
About Jacksonville, Florida MSA (in which it advised merger try presumptively anticompetitive) within the 2002, to have traditional household get funds, Wachovia denied new apps of African People in the us dos.6 times more frequently than whites. It high denial rate disparity is not informed me by the any greater-than-normal outreach to help you African Us citizens, otherwise Latinos. Inside 2002 in this MSA, Wachovia produced 567 old-fashioned domestic pick funds so you can whites, merely 24 so you can African People in the us, and simply fourteen to Latinos. Continue reading Within this MSA, SouthTrust Financial rejected fifty% of these software is gotten regarding African People in the us