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The Trump administration’s Housing and Urban Development Secretary was testifying at a House Financial Services Committee oversight hearing in Washington on Tuesday, and confused ‘REO,’ meaning HUD real estate owned, with ‘OREO,’ the delicious sandwich cookie that has two chocolate.
it’s not a secret that Dr. Ben Carson isn’t the brightest on the block, but today he topped himself. The Secretary of the Department of Housing and Urban Development (HUD) confused a term coined for.
The Ultimate Truth about Housing Affordability The Ultimate Truth about Housing Affordability by Chris Porter | May 31, 2019 | First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers There have been many headlines decrying an "affordability crisis" in the residential real estate market.
‘OREO?’ Ben Carson, Housing Secretary, Does Not Know Basic Housing Term. REO stands for "real estate owned" and references properties in possession of lenders following a foreclosure. Regarding FHA loans, after the property is seized from the homeowner and the title is transferred to.
Housing and urban development secretary ben Carson mixed up the real estate term REO with the Nabisco cookie Oreo when he was grilled by Rep. Katie Porter of California during a House Financial Services Committee oversight hearing on Tuesday.May 22, 2019.
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Department of Housing and Urban Development (HUD) Secretary Ben Carson was caught out during a hearing Tuesday, appearing not to know the meaning of a basic housing term related to foreclosure and confusing it with an Oreo cookie. While testifying before the House Financial.
In a tense appearance before the House Financial Services Committee, Carson confused "an REO" for "an Oreo" when Congresswoman Katie Porter grilled the HUD secretary on the questionable Ben Carson Confuses a Cookie for a Real-Estate Term the HUD Secretary Should Know. By Matt Stieb.
Housing and Urban Development Secretary Ben. in REO rates,” Porter said to Carson. “Do you know what an REO is?” carson replied, “An Oreo?” “No, not an Oreo,” Porter said. “An R-E-O. REO.” Carson.
WASHINGTON – Housing and Urban Development Secretary Ben Carson became confused about a basic real-estate term during his testimony in front of a congressional panel on Tuesday, asking if the.
Secretary of Housing and Urban Development Ben. Carson was asked by Porter about REOs; the acronym stands for "real estate-owned" and it is used to discuss foreclosed properties. "An Oreo?" Carson.