I've been looking through the Lender FAQ's, but cannot find what I'm looking for. There used to be a part about recoveries, how much Harmoney expected to recover back for us etc.

I do however see this - "We have forecast a 4% static loss across the portfolio over the life of the loan. This means that out of every $100 invested, you could expect $4 to charge off." - extract from Harmoney.