Jacob Faber
Associate professor of sociology and public service at New York University and researcher on the mortgage industry, featured as the episode's expert on refinancing scams.
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Dec 10, 2025 • 7min
Beware of shady refinance offers
Jacob Faber, an associate professor at NYU specializing in the mortgage industry, sheds light on the dangers lurking in refinancing offers. He warns homeowners about seemingly attractive deals that could lead to hidden costs. Faber highlights red flags to watch for and emphasizes the importance of getting second opinions before making financial commitments. With recent Federal Reserve rate cuts, he explains how bad actors could take advantage of unsuspecting borrowers seeking lower rates.
Dec 10, 2025 • 7min
Beware of shady refinance offers
Jacob Faber, an associate professor at NYU and mortgage industry researcher, sheds light on the pitfalls of refinancing. With the Federal Reserve hinting at interest rate cuts, he warns homeowners about offer scams that promise 'no cost' but hide significant fees. Faber highlights red flags to watch for, such as 'too good to be true' claims and aggressive tactics. He also emphasizes the importance of seeking second opinions and utilizing state resources to make informed refinancing decisions, ensuring homeowners don't fall victim to deceptive pitches.
