Bank of America (BofA) is selling part of its home-loan portfolio to government-controlled housing company Fannie Mae, The Wall Street Journal reports. The purchase price is over $500 million.

The transaction will provide rights to process and collect payments on a pool of 400,000 loans with an unpaid principal balance of $73 billion. The move is part of the Charlotte, North Carolina-based lender’s strategy to sell noncore holdings and preserve capital.

Click here for the story from The Wall Street Journal.