Savannah area foreclosure rate drops
Foreclosure rates in Savannah for the month of August decreased over the same period last year, according to new data from CoreLogic, a financial reporting firm.
The CoreLogic data reveals that the rate of Savannah area foreclosures among outstanding mortgage loans was 1.50 percent for August 2012, a decrease of 0.35 percentage points compared to August 2011 when the rate was 1.85 percent.
Foreclosure activity in Savannah was lower than the national foreclosure rate, which was 3.35 percent for August 2012.
Also in Savannah, the mortgage delinquency rate decreased. According to CoreLogic data for August 2012, 5.78 percent of mortgage loans were 90 days or more delinquent compared to 6.03 percent for the same period last year, representing a decrease of 0.25 percentage points.
Rayonier reports third quarter results
JACKSONVILLE — Rayonier (NYSE:RYN), which employs more than 1,200 people in Georgia, Thursday reported third quarter net income of $81 million, or 62 cents per share, compared to $105 million, or 84 cents per share, in the prior year period.
Year-to-date 2012 net income totaled $203 million, or $1.58 per share, compared to $220 million, or $1.75 per share, in 2011.
Cash provided by operating activities was $354 million for the first nine months of 2012 compared to $326 million for the prior year period. Year-to-date cash available for distribution was $261 million versus $242 million in 2011.
“We are pleased to report continued strong operating results this quarter in line with our expectations. In Performance Fibers, the cellulose specialties market remains strong, and in Forest Resources, sales increased as we added volume from our recent acquisitions,” said Paul G. Boynton, chairman, president and CEO.
Rayonier has a performance fibers mill and marketing and research center in Jesup; lumber mills in Baxley, Swainsboro and Eatonton; wood chip mills in Offerman, Eastman, Collins and Barnesville; a seedling nursery in Glennville and more than 700,000 acres of working forests in Georgia.
NuBarter gift show set for Nov. 13
The NuBarter Holiday Trade and Gift Show will be held Nov. 13 from 4 to 8 p.m. at the Hilton Garden Inn Midtown, 5711 Abercorn St..
The event will features complimentary food, a cash bar, free parking and more than 40 gift vendors. A local band “Steel the Show,” featuring Melvin Dean on the steel drum, will perform live.
Vendors will offer jewelry, billiards equipment, art work, high-end hair and skin care, spa gift certificates, luxury soaps and candles, tours and vacation packages, restaurant gift certificates, gift baskets and other items.
For more more information, call Jacquie Stein at 912-233-0808 or visit www.NuBarter.com.