Did Ben Carson just mistake an REO for an Oreo?

Housing and Urban Development Secretary Ben Carson responded to criticisms. areas in Detroit where I grew up,” Mr. Carson said on Fox Business Network’s “Varney & Co” show. “The REO portfolio just.

Houston hotel market, worst in U.S., faces pain from Harvey Hurricane Harvey is expected to be one of the costliest storms in U.S. history in terms of economic losses. massive flooding caused by Harvey along Texas’ refinery-rich coast could have long.

G20 Starts Crypto Discussions – A Look. Bitcoin Was Never Cypherpunk, and Satoshi nakamoto. cme bitcoin [btc] futures scale new heights. Ripple’s David Schwartz breaks down how ILP.

Housing and Urban Development Secretary Ben Carson continued. who wanted to know if he knew what an REO was – a reference to real estate-owned rates. ‘Do you know what an REO is?’ Porter asked him..

Ben Carson’s ‘Oreo’ gaffe highlights Carson’s incompetence. For a brain surgeon, he is either dumb or doesn’t take his job seriously. There is no defense of this staggering level of.

 · Freshman Rep. Katie Porter, a California Democrat, lawyer and expert in foreclosure law, asked Carson whether he knew the housing term “REO.” Carson seemed to think she was referring to a popular chocolate sandwich cookie. “An Oreo?” Carson asked. “No, not an Oreo,” Porter said. She spelled it back for him and asked again.

Housing and Urban Development Secretary Ben Carson on Tuesday appeared. if you don’t mind to explain the disparity in REO rates," Porter said to Carson. "Do you know what an REO is?" Carson replied.

WASHINGTON – Secretary of Housing and Urban Development Ben Carson appeared to be unaware of a basic housing term during a hearing Tuesday, confusing "real estate owned," or REO, with an Oreo cookie.

Canadians managing mortgages despite soaring household debt load Refinance applications rise as rates fall to a seven-month low Current mortgage rates for May 24, 2019 are still near their historic lows.. With this loan, your interest rate will never change, providing a stable monthly payment for the. But when that initial period ends in three, five or seven years, the payment. There are a number of government loan programs available that provide.Ginnie Mae must balance supervision with the scope of servicers’ risk Credit availability remains limited Measuring Mortgage Credit Availability Using Ex -Ante Probability of Default . How to strike a balance between credit availability and risk to achieve a sustainable housing market is a much-debated topic today, but these discussions are not grounded in good measurements of credit availability and risk.Lenders scolded for climate ignorance in ‘insane’ florida deals citi names Chubak to head consumer retail banking and mortgage Speaking of retail, it’s not just individual customers disenchanted with old school banking. mortgage borrower or a checking account user. The future ecosystem will need to be more open and.India promises to hike renewable energy targets to reduce its greenhouse gas emissions, in long-awaited pledges to be announced next week for upcoming UN climate change talks, a newspaper report said.CFPB Report: Loss Mit Problems and Servicer Solutions – DSNews – The report covers supervision between June 2018 and November 2018.. his or her successor must pay the loan balance in full if he or she wishes to keep the home, or the home will be foreclosed.John Ralston Issuers can combine hurricane exposure for relief aid: Ginnie Mae DALLAS – While the winds and rains of Hurricane Katrina did not strike Texas when she pummeled the Gulf Coast last year, the state found itself hit by a deluge of evacuees from storm-ravaged.Freddie Mac pushes back ULDD Phase 3 soft launch People on the move: April 14 PennyMac positioning new broker channel to grow into market leader We take our responsibility as a market leader in this $. advice model continues to grow every year versus the conflicted via houses and banks, which continue to lose significant assets and clients.People on the Move is a part of Delaware Business Times’ For the Record section, a rundown of recent hirings, promotions, appointments and other notable movements by professionals in the state. If you’re interested in submitting an entry, please contact news@delawarebusinesstimes.com.Former Fannie exec to lead Flagstar lending unit Silicon Valley tech company Blend has announced the appointment of Timothy Mayopoulos as President. The former CEO of Fannie Mae will lead Blend’s go to market and corporate support functions.Plaza Home Mortgage to allow bank statements for its non-QM loan This Quick Step Guide provides directions on how to submit bank statements to Plaza for review and determination of the monthly income. Plaza Home Mortgage, which recently expanded its non-QM lending program to "allow brokers. is "designed to bridge the gap".Fannie-Freddie fix is the focus of senators’ bipartisan push The move was a necessary fix, given that. "This is what we call a bipartisan hearing. and it is my hope that we senators will restrain our habit of lecturing one another about health insurance and.Home Point creates group to work with whole loan sellers Mortgage bankers make a commission when they sell your loan to another company. If a banker makes a point on a package of loans worth a million dollars, he makes $10,000 dollars (1 percent of $1,000,000) in immediate profit by selling them. The banker then has freed up one million dollars which he can re-loan to other customers.Freddie Mac has provided a follow up to clarify the delivery of Closing Cost and Down payment data points, among other updates, under the Uniform Loan Delivery dataset (uldd) phase 3. additionally, the ULDD Phase 3 specification was updated to provide guidance for mapping certain Uniform loan application dataset (ulad) data elements to ULDD.Lenders tap their market know-how to save money on facilities EU banking union reference Guide to Key Dates, Milestones – In September and October, the EU will consider how to calculate the size of bank levies for resolution funds created under new legislation that requires all nations to raise money. lenders, and Dec.

Trump Did Not Pick HUD Secretary for Smarts, Nope Ben Carson, who is not known for being the sharpest knife in the drawer, made a real doozy of a gaffe today on Capitol Hill.

Did Ben Carson just mistake an REO for an Oreo? Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday.

Did Ben Carson just mistake an REO for an Oreo? May 21, 2019 / in Uncategorized / by Lindsay Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday.

Homeowner Alla Wagner failed to generate enough money from $19 entry fees to justify handing over her $1.3 million home. Source: Inman News

Tax reform had an effect on nearly half of homebuyers: Redfin  · Redfin revealed that the average local tax burden was three times lower in the top-10 migration destinations listed above than in the 10 markets people are most commonly departing.