mo4ch:>US housing secretary confuses industry term with… cookie | Mo4ch News

Ben Carson, Trump's secretary of housing and urban development, revealed that after two years on the job, he still doesn't know his way around the housing industry, confusing a common real estate term with a snack food.Carson drew a blank when Rep. Katie Porter (D-California) asked him to explain the disparity in "REOs" between two types of loans during a congressional hearing. "Do you know what an REO is?" she asked."An Oreo?" Carson asked, confused. "Real estate…organization?" he guessed again when she explained it was an acronym. REO is a common real-estate term meaning "real estate owned," referring to a property that has been foreclosed upon by a bank – a fact Carson might be expected to know by now, given that he's led the Department of Housing and Urban Development for two years.Even after Porter explained the term, Carson didn't have an answer for her question, promising to "work with the people who do that…