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 25, 2025 Lender Letter LL-2025-04 Confirmation of Conforming Loan Limit Values 2026 November 25, 2025 In Case You Missed It: Policy Updates November 17, 2025 Enhancing Efficiency: Undisclosed Liabilities in Desktop Underwriter