"An R-E-O. REO". 'Real estate owned.' That's what happens when a property goes into foreclosure.
"What's the "O" stand for?"
"Owned. Real estate owned".
"When a family gets into a problem with their mortgage and it's backed by our agency we go through a lot of procedures with the banks to make sure that they don't get foreclosed upon and the few cases where they do obviously we are able to sell those properties very quickly", he explained.
"Porter said in an interview with CNN on Tuesday night that Carson did, in fact, send cookies to her office".
"Yes or no, can you ask me some questions yourself and stop reading this silly stuff?" And for those of us into cookies, an Oreo is two chocolate cookies that have a creamy center. "I asked @SecretaryCarson about REOs - a basic term related to foreclosure - at a hearing today", the Democrat tweeted after the exchange, "He thought I was referring to a chocolate sandwich cookie".
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He added, "It would be a lofty goal to say we're following in their footsteps, but certainly we're taking inspiration from that". Rather than shop that IP out to other studios, Layden says that it's better to, "develop and produce for ourselves".
Democratic Senator and 2020 presidential candidate Elizabeth Warren issued a similar statement criticizing the HUD secretary.
But, at least in the moment, Carson couldn't define the "O" in REO. When Democratic Rep. Joyce Beatty (OH) quizzed him on the OMWI, an office of Minority and Women Inclusion, Carson got it wrong again.
During a lightning round in which Pressley wanted yes or no answers to her questions, Carson failed to do provide them. Watching Rep. Katie Porter dunking on Ben Carson for confusing REOs with Oreos.
'OH, REO! Thanks, @RepKatiePorter, ' he tweeted.
Can you picture a scenario in which Oreo cookies are discussed at a House Financial Services Committee hearing?
Porter and Carson's tense meeting was held to talk about the current state and plans of the Department of Housing and Urban Development (HUD), which has been receiving some serious criticism over proposals that are requesting to scale back housing subsidies for low-income Americans. "In Carson's defense the acronym soup of federal housing policy is indefensible and I don't use any of it in my writing it [sic] I can help it", tweeted Atlantic CityLab reporter Kriston Capps.