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 May 7, 2025 Announcement SEL-2025-03: Selling Guide Updates April 30, 2025 Fannie Mae Reports Net Income of $3.7 Billion for First Quarter 2025 April 30, 2025 UAD and Forms Redesign FAQs