“No, not an OREO. An REO. ‘R-E-O,’” Representative Katie Porter told Carson.
Department of Housing and Urban Development 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.
Porter continued that she wanted to know why more foreclosures were resulting in people losing their houses and getting bad marks on their credit, disrupting communities, at the FHA than at the GSE. "Well, Mr. Carson, respectfully that was my day job before I came to Congress, so now it's my job to ask you," Porter said."I asked @SecretaryCarson about REOs - a basic term related to foreclosure - at a hearing today," Porter tweeter."He thought I was referring to a chocolate sandwich cookie. No, really."
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