Metacapital Management Founder Deepak Narula

Metacapital Management Founder Deepak Narula

Munshi Ahmed/Bloomberg

Metacapital Management Founder Deepak Narula said, “The valuations at which these loans trade certainly make this strategy attractive. They don’t require home price appreciation, that obviously would be an added benefit, but based on current valuations you don’t need to bank on home price appreciation to have a profitable strategy.”