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

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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.

Can you "explain the disparity in REO rates. Do you know what an REO is?" Rep. Katie Porter (D-Cali.) asked Department of Housing and urban department (hud) secretary ben Carson during a hearing on

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Congresswoman Gets HUD Chief Ben Carson to Admit He Doesn't Know Basic Housing Terms. Freshman representative katie porter (D-California) asked Secretary Carson about REO rate disparities.. Carson, apparently mishearing the congresswoman, thought the question was about the Nabisco.

Ben Carson was asked questions a HUD secretary should’ve been able to answer. He ended up sounding like a student doing a book report on a book he hadn’t read. Ben Carson flunks multiple tests on.

Ben Carson Jr., right, and an entrepreneur pitching a guns-for-bail venture to HUD, in East Baltimore, at an appearance by Carson’s father. Photo: Mark Peterson/mark peterson/redux pictures 2017

Housing and Urban Development Secretary Ben Carson didn’t seem to know what a congresswoman was talking about when she asked a question related to foreclosures during a congressional hearing on Tuesday. Instead, Carson apparently thought she was talking about Oreo cookies. Speaking at a House.

Housing and Urban Development Secretary Ben Carson didn’t seem to know what a congresswoman was talking about when she asked a question related to foreclosures during a congressional hearing on.

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Department of Housing and Urban Development Secretary Ben Carson had a bit of a rough day on Tuesday. Carson appeared on Capitol Hill to testify before the house financial services committee, and.

"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.

By the way, Ben Carson. Treasury secretary “should shivers down Americans’ spines”, but it doesn’t bother me. If you’re running the biggest economy and the most open capital markets in the world,