Porter: I’d also like you to get back to me if you don’t mind to explain the disparity in REO rates. Do you know what an REO is?
Carson: An Oreo?
Porter: No, not an Oreo. An R-E-O. REO.
Carson: Real estate …
Porter: What’s the O stand for?
Carson: Organization.
Porter: Owned, real estate owned. That’s what happens when a property goes to foreclosure, we call it an R-E-O.
Ben Carson’s ‘Oreo’ screw-up is the most predictable thing ever – CNNPolitics
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