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 December 18, 2025 Controlling For Collateral Defects December 17, 2025 Announcement SVC-2025-07 – Servicing Guide Update December 15, 2025 Updates to UCD v2.0 Specification Resources