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 18, 2025 Lender Letter LL-2025-02 Advance Notice of Changes to Servicing Processes and Systems June 18, 2025 In Case You Missed It: Policy Updates June 13, 2025 Understand Top Defects to Help Strengthen Loan Quality