In the case of a temporary forbearance for a homeowner, for example, the investor and homeowner both could win – if the forbearance allows the homeowner to get back on their feet and avoid foreclosure – but the servicer could well lose money.
In doing so, the Governing Council took into account the participation of Greece, a higher than expected increase in banknotes in circulation within the euro area, an anticipated strong demand for low-denomination banknotes and the slower than anticipated progress in the use of electronic money. The total nominal value of euro banknotes will amount to EUR616 billion.