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 November 4, 2026 Announcement SEL-2026-10: Selling Guide Updates November 4, 2026 Lender Letter LL-2026-09 Manual Underwriting Eligibility October 28, 2026 Fannie Mae Reports Net Income of $4.2 Billion for Third Quarter 2026