According to a recent report, Ginnie Mae issuers put up over $26 billion in mortgage-backed securities for sale on the secondary market over the course of May, reflecting a 4 percent overall decline from April.

“The continuing demand for our [mortgage-backed securities] is proof that Ginnie Mae has served taxpayers well by supporting the economy in extraordinary ways,” said Ted Tozer, president of Ginnie Mae.

“Issuance activity during the housing crisis has helped the Administration’s housing stability efforts by pumping about $1.1 trillion in liquidity into the U.S. housing mortgage finance market,” he added.

The National Mortgage News reported a $17.5 billion total for Ginnie Mae single-family mortgages, followed by $5.5 billion in Ginnie Mae single-family loan packages. The loans are backed by the faith and credit of the Department of Veterans Affairs, Federal Housing Administration (FHA), and Rural Housing Services. The sum of single-family mortgages settled at $1.6 billion for April, according to the report.

HUD released a report indicating the placement of 99.5 percent of FHA -insured loans and 97 percent of VA loans in Ginnie Mae packages over the course of 2010, with an end-point in September.

According to National Mortgage News, Ginnie Mae also securitized $770 million worth in FHA reverse mortgages and $1.6 billion in multifamily loans over the course of May.