The most recent rep-and-warrant policy updates and clarifications by the GSEs are a positive step in the right direction, according to David Stevens, president of the Mortgage Bankers Association, but he said the goal now is to focus on remedies. “It helped provide some definite greater clarity around what constitutes the kind of defects that get covered in that first 36 months,” he said in an interview with Inside The GSEs. “It was the first step of a few more steps that need to take place, however.” While the GSEs have worked to ensure that their customers know what the potential defects are in a file and how best to address them, Stevens said the next evolution is working on things like remedies.