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HUD Secretary Ben Carson apparently doesn’t know what an REO is

hud secretary ben Carson apparently doesn’t know what an REO is HOT or NOT July: What’s trending in housing right now JLL’s $2 billion acquisition of HFF to close on July 1

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What Really Happened: For those looking for a reason to dislike Secretary of Housing and Urban Development Ben Carson that goes further than "he doesn’t know the difference between. there’s been no.

HUD Secretary ben carson apparently doesn’t know what an REO is | 2019-07-01 By admin 5 hours ago Carson appeared on Capitol Hill to testify before the House Financial Services Committee, and during questioning from the committee member with the most housing knowledge, turned himself into a punchline by confusing a common housing industry term with a cookie.

 · That’s the way the cookie crumbles for Ben Carson. The HUD secretary is making light of his embarrassing gaffe during a congressional hearing, where he got the stuffing knocked out of him for confusing a real estate abbreviation with an Oreo cookie.

Trump got to know him personally during the campaign. It doesn’t matter if the head of an organization knows common lingos in real estate. What’s needed from top level execs are vision and management and so far Carson has reformed HUD to be less bureaucratic and more effective, something the Left/Democrats know nothing about.

PHH posts another big loss in third quarter Ocwen Financial Announces Operating Results for Fourth Quarter. – Reported a Net Loss of $(2.3) million for the fourth quarter of 2018 and a Net Loss. Completed the first two major servicing loan transfers to Black Knight's. million and included a PHH post-acquisition pre-tax loss of $(31.5) million.. 13.7 % in the third quarter of 2018 to 12.9% in the fourth quarter of 2018.

 · A senior career official in the US Department of Housing and Urban Development has alleged that she was demoted and replaced with a Donald Trump.

HUD Secretary Ben Carson had a bit of a rough day on Wednesday. Carson appeared on Capitol Hill to testify before the House Financial Services Committee, and during questioning from the committee member with the most housing knowledge, turned himself into a punchline by confusing a common housing industry term with a

"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.

More Americans confident they can get mortgages How Many Homeowners Have Paid Off Their Mortgages?. The stats actually say that they have "100 percent or more" to pay off, which is entirely possible if the home is now worth less than.

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