Sounds like President Donald Trump is telling a new story Fannie Mae According to a disclaimer in the video, the ad is actually an AI-cloned voice reading text.
Voices in the ads, produced with permission from the Trump administration, promise a “new Fannie Mae” and call the agency “the protector of the American dream.” The advert comes amid a major push by the government to show voters it is responding to their concerns about affordability, including the housing market.
Trump plans to discuss housing at the World Economic Forum in Davos, Switzerland, where world leaders and business executives are meeting this week.
This isn’t the first time a member of the Trump family has used artificial intelligence to replicate their own voices, with first lady Melania Trump recently hiring AI technology company Eleven Labs to help dub an audio version of her memoir. It’s unclear who cloned President Trump’s voice for the Fannie Mae ad.
The White House did not respond to a request for comment.
Last month, Trump pledged in a prime-time speech He will introduce “some of the most radical housing reform programs in American history.”
“For generations, homeownership has meant security, independence and stability,” Trump said in a digital voice in a one-minute ad that aired Sunday. “But today, that dream is out of reach for too many Americans, not because they stop working hard, but because the system no longer works for them.”
Fannie Mae and its peers Freddie MacReal estate companies, which have been under government control since the Great Recession, buy risk-compliant mortgages from banks, which helps provide liquidity to the housing market. The two companies guarantee about half of the $13 trillion U.S. home loan market and are a cornerstone of the U.S. economy.
Fannie Mae will work with the banking industry to approve more potential homebuyers for mortgages, the ad said.
Trump, Federal Housing Finance Agency Director Bill Pulte and others have said they hope to sell shares of Fannie Mae and Freddie Mac on major stock exchanges, but have not yet made concrete plans.
Trump and Pulte also surfaced Extend 30-year mortgage term to 50 years to lower monthly payments. Trump appeared to back away from the proposal after critics said long-term loans would reduce people’s ability to create home equity and grow their own wealth.
Trump also said on social media earlier this month that he Directs the federal government to purchase $200 billion in mortgage bondsHe said the move would help lower mortgage rates at a time when Americans are anxious about home prices. Trump said Fannie Mae and Freddie Mac have $200 billion in cash that will be used for the acquisition.
Earlier this month, Trump also said he wanted to Blocking large institutional investors Roehm buys a home, saying the ban will make it easier for young families to buy their first home.
Trump’s permission to use artificial intelligence is interesting because he has complained about aides in the Biden administration using automatic pens to apply the former president’s signature to laws, pardons or executive orders. An automatic pen is a mechanical device used to replicate a person’s actual signature.
However, a Report The documents released by House Republicans contain no concrete evidence that Biden unknowingly signed his name using an automatic pen.