U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner said Thursday that illegal immigration is squeezing housing supply and driving up rents and home prices for American families. When you come in, that hurts the housing supply,” Turner told host Greta Van Susteren. The president has taken bold action, as you’ve seen, in banning institutional investors from buying up single-family homes,” Turner added. Turner said federal housing officials are pairing that effort with measures aimed at lowering borrowing costs, including large-scale purchases of mortgage-backed securities designed to ease pressure on interest rates. Also working with Director [William] Pulte over at FHFA [Federal Housing Finance Agency] to buy $200 billion of mortgage-backed securities to bring down the cost of borrowing.