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 July 9, 2025 Announcement SVC-2025-04 – Servicing Guide Update July 2, 2025 Announcement SEL-2025-05: Selling Guide Updates June 30, 2025 Testing Available for UCD v2.0 Specification and UCD Critical Edits