# Discontinuation of Adverse Market Refinance Fee

Source: https://www.gatewaycorrespondent.com/announcements/discontinuation-of-adverse-market-refinance-fee

Effective with new locks received today, July 19th, 2021, Gateway First Bank, Correspondent Lending will no longer be charging the .50% basis point adverse market refinance fee on refinance loans > $125,000.  Loans not submitted for purchase will receive a .50% price improvement to offset the AMRF that was charged when the loan was locked.  Lock Confirmations will be updated over the next few days with a .**50% AMRF Refund** and will be available in the GEMS Portal.  Please contact your Regional Sales Manager with any questions.

 

Please direct any questions to your [***Regional Sales Manager***](http://www.gatewaycorrespondent.com/contact/sales/)