HUD Secretary Ben Carson apparently doesn’t know what an REO is

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"Real estate owned – that’s what happens when a property goes into foreclosure, we call it an REO, and FHA loans have much higher REOs, that is, they go into foreclosure rather than into loss mitigation or to non-foreclosure alternatives like short sales, than comparable loans" at Fannie Mae and Freddie Mac, Porter explained, as if.

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That’s the way the cookie crumbles for Ben Carson. The HUD secretary is making light. asked Carson “to explain the disparity in REO rates. Do you know what an REO is?” “An Oreo?” Carson responded,

HUD secretary Ben Carson is making a joke about his not knowing the difference between houses seized by banks and sandwich cookies. During a House Financial Services Committee hearing Tuesday.

Carson probably shouldn’t be in charge of HUD, as exchange with katie porter shows Without more adult supervision the secretary might attempt to foreclose on a cookie.

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Ben Carson. the secretary. Since you brought it up. I know what it’s like to actually be sleepy, especially after 18-hour surgeries and operating on babies in the womb. I hope @IlhanMN knows I.

He says the morale levels among employees at HUD are at an all-time low. This week, some bad press hit the Department of Housing and urban development. hud officials had approved a $31,000 dining set.

The US Residential Real Estate Market: A Decade After The Financial Crisis A decade after the financial crisis, the government still maintains many of the same incentives that drove too much investment into residential real estate. Washington still stands behind mortgage.

Is Ben Carson, HUD Secretary, showing signs of dementia? Update Cancel. No Answers Yet. Answer Wiki. Related Questions.. Why doesn’t Ben Carson know what a "REO" is? Why is there so much hostility towards Ben Carson? Is Ben Carson a smart guy?

<span id="rep-katie-porter">rep. katie porter</span> Schools Housing Secretary Ben Carson on Key Real Estate Term ‘ class=’alignleft’>Every day I wonder if I’ve woken up in a bad Chevy Chase movie. I know, I know. "Bad Chevy Chase movie" is redundant. But the script today couldn’t have been more ludicrous. Rep. Katie Porter (D-CA) had the misfortune of having to interact with HUD Secretary and sentient puddle of slug waste, Ben Carson during a hearing today.</p>
<p>It’s a term that refers to foreclosed upon houses now owned by the federal department of Housing and Urban Development (HUD). It’s also a term with which HUD Secretary Ben Carson is apparently.</p>
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