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 29, 2026 Fannie Mae Reports Net Income of $4.0 Billion for Second Quarter 2026 July 27, 2026 Updated UCD v2.0 Resources Available June 29, 2026 Understand Top Defects to Help Strengthen Loan Quality