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 June 29, 2026 Understand Top Defects to Help Strengthen Loan Quality June 29, 2026 In Case You Missed It: Policy Updates June 24, 2026 Lender Letter LL-2026-05 Advance Notice of Changes to Servicing Processes and Systems