Watch a Rep. Have to Explain to HUD Sec. Ben Carson That an ‘REO’ is Not an ‘Oreo’ Cookie

Secretary Ben Carson appeared before Congress for an oversight hearing of the Department of Housing and Urban Development and stumbled a bit when Rep. Katie Porter (D-IA) asked about REOs.

As noted on Realtor.com ‘REO’ stands for ‘Real Estate Owned’ and is defined as “houses that have been seized by banks or other lenders from people who are unable to pay their mortgages.” But the term appeared to be outside the lexicon of Sec. Carson.

When asked the question about REOs, Carson...

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