Lifted from Calculated Risk:
First, here is the investor presentation material from the JPMorgan conference call last night.
Click on chart for larger image in new window.
Here are the House Price Appreciation (HPA) numbers JPM is working with.
JPMorgan presented three scenarios: a base case (with national prices falling 25% peak to trough), a deeper recession (28% decline), and a severe recession (37% decline)....MORE