For these reasons, Treasury will withhold servicer incentives from JPMorgan Chase for the third consecutive quarter and will permanently reduce incentives owed to JPMorgan Chase unless the outstandingitems are addressed before the next assessment.
While JPMorgan Chase demonstrated some progress in areas reported for the third quarter, the servicer has a number of outstandingitems from previous quarters that have not yet been addressed and play a critical part in their broader execution of the program.