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REO vs. Oreo; Ben Carson learns the difference

Video Credit: Reuters - Politics - Duration: 00:59s - Published < > Embed
REO vs. Oreo; Ben Carson learns the difference

REO vs. Oreo; Ben Carson learns the difference

Housing and Urban Development Secretary Ben Carson confuses a real estate term known as an "REO" with the popular Oreo cookie.

Rough Cut (no reporter narration).

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REO vs. Oreo; Ben Carson learns the difference

ROUGH CUT (NO REPORTER NARRATION) Housing and Urban Development Secretary Ben Carson confused a real estate term known as an "REO" for an Oreo cookie.

The viral moment happened during a House Financial Services Committee hearing on Tuesday.

When asked by Democratic Rep.

Katie Porter what an "REO" is, Carson responded, "Oreo?" REO stand for "real estate owned" - a term used to describe foreclosed properties that have been transferred back to the bank or lending organization.




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