Home Single-Family News Center Lender Letter LL-2021-13 – Elimination of the Adverse Market Refinance Fee July 16, 2021 Lender Letter LL-2021-13 – Elimination of the Adverse Market Refinance Fee This Lender Letter announces elimination of the adverse market refinance fee effective Aug. 1, 2021. Download Lender Letter Recent News April 30, 2025 Fannie Mae Reports Net Income of $3.7 Billion for First Quarter 2025 April 29, 2025 Minimize Defects With Fannie Mae’s Income Calculator April 21, 2025 In Case You Missed It: Policy Updates