Mortgage giant Fannie Mae has sold $1.58 billion in reperforming loans, or previously delinquent mortgages that have been current for some time.

Fannie Mae’s 21st reperforming loan sale transaction, which is part of the firm’s efforts to reduce the size of its retained portfolio, included approximately 12,100 loans that were divided into four pools.

DLJ Mortgage Capital (Credit Suisse) won the bid for pools one and three, while RCF II Loan Acquisition (Pretium) purchased pools two and four. The deal – marketed with Citigroup Global Markets – is expected to close on August 26.