Credit Union Charter

The National Credit Union Administration approved a charter for a credit union to serve members and employees of the National Association of Realtors. The credit union will serve a national field of membership from a Web site, without physical branches.

Appraisal Guidelines

Facing heightened concerns over appraisals and credit quality, the federal bank, thrift, and credit union regulatory agencies on Nov. 13 jointly issued for comment proposed Interagency Appraisal and Evaluation Guidelines. The agencies said in a statement that the proposed guidelines would reaffirm supervisory expectations for sound real estate appraisal and evaluation practices.

Season’s Greetings

The mortgage giants Fannie Mae and Freddie Mac announced they would suspend foreclosure sales and evictions for occupied properties through January 9 to help servicers avoid Christmas foreclosures.

Stored Value Cards

The FDIC has approved a new General Counsel’s opinion on the insurability of funds underlying stored value cards and other nontraditional access mechanisms. The new General Counsel’s Opinion No. 8 replaces a previous version published in 1996.