"Do you know what an REO is?" Porter asked. "An Oreo?" Carson replied, apparently thinking of cookies. After that exchange, Carson said he would get Porter in touch with "people who do that" (deal with foreclosed properties) at HUD, though that was something she was already somewhat of an expert, having been California’s independent monitor of banks in a nationwide $25 billion.
Carson has been the secretary of HUD for more than two years and apparently doesn’t know what REO means. "No, not an Oreo," Porter replied to Carson’s cookie query. "An R-E-O. REO." Carson then offered up: "Real estate.?" getting the first two letters of the acronym correct.
GSEs expected to unload delinquent loans after Treasury change Maybe the GSEs should take over the servicing function for loans. expected, continuing claims 3.991mln, 118K higher than expected, and Durable Goods order down 2.5% (expectations were for a 1.5%.
HUD Secretary ben carson apparently doesn’t know what an REO is Under questioning from rep. katie porter, Carson confuses REO with Oreo
· Ben Carson, the secretary of housing and urban development, wanted to talk about a North Carolina company he thinks could play a role in making new.
During a House Financial Services Committee hearing on Tuesday, Porter asked Carson if he is familiar with an REO – or real. the position of HUD secretary. Rep. Katie Porters says it "appears" HUD.
Obama announces plan to ease “crushing” student loan debt Women hold nearly two-thirds of all student debt. loans, but the government already has those systems in place, she said. “A lot of times we’re talking about the warren plan relative to this.
HUD Secretary Ben Carson appears before the senate banking committee, March 22, 2018.. “Ben Carson doesn’t know what an REO property is, thinks he’s being asked about Oreos.”
2019 HW Tech100 winner: PeerStreet Sen. Paul threatens to hold up Janet Yellen nomination U.S. senator vows to block Yellen, Johnson nominations – Senator Lindsey Graham said he would put a hold on the nomination of Janet Yellen to head the Fed. Graham is not the only Republican threatening to hold up Yellen’s nomination. Senator Rand Paul of.MAXEX is a financial services technology company that owns and operates the maxex digital trading platform, which enables the buying and selling of residential mortgages. Through the platform,
"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.
Counterpoint: Race does matter in mortgage lending Back on "Section X" of a residential mortgage loan application, borrowers are asked to check boxes to indicate what their ethnicity and race are. It’s not unusual when I take a loan application and the borrower wants to mark the box that it’s none of the the government’s business.
Every day I wonder if I’ve woken up in a bad Chevy Chase movie. I know, I know. "Bad Chevy Chase movie" is redundant. But the script today couldn’t have been more ludicrous. Rep. Katie Porter (D-CA) had the misfortune of having to interact with HUD Secretary and sentient puddle of slug waste, Ben Carson during a hearing today.