President Trump’s Housing and Urban Development (HUD) Secretary Ben Carson became confused about a basic real-estate term related to foreclosures during his testimony in front of a congressional panel.
During a Tuesday hearing hosted by the House Financial Services Committee, California Rep. Katie Porter (D) asked Carson if he was familiar with REOs, the abbreviation for “real estate owned.”
“An Oreo?” Carson responded.
“No. Not an Oreo. An R-E-O. An R-E-O,” Porter interjected.
When Carson replied, “Real estate?” Porter asked if he knew what the “O” stood for.
Carson replied “organization.”
“Owned, real estate owned. That’s what happens when a property goes to foreclosure,” Porter said. “We call it an REO.”
Watch the exchange below:
— Rep. Katie Porter (@RepKatiePorter) May 21, 2019
Carson has run the Department of Housing and Urban Development since 2017.