Home Single-Family News Center Lender Letter LL-2020-12 – New Adverse Market Refinance Fee September 24, 2020 Lender Letter LL-2020-12 – New Adverse Market Refinance Fee This Lender Letter provides information about a new adverse market refinance fee (loan-level price adjustment) that will apply to most refinances. Download announcement Recent News September 3, 2025 Announcement SEL-2025-07: Selling Guide Updates September 3, 2025 Reconsideration of Value (ROV) August 25, 2025 Solving Rental Income Challenges