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Expert opinion evidence on mortgage underwriting practices admitted in writing subject to necessity limitations.
During a merits hearing interrupted by the COVID-19 pandemic, Staff of the Ontario Securities Commission sought to admit the expert opinion evidence of a mortgage underwriting expert in writing.
The respondents did not challenge the expert's qualifications.
The Commission admitted the expert evidence, finding it relevant and necessary to explain industry practices and assess the respondents' policies against those practices, but excluded portions of the report that went beyond the Commission's need for expert assistance, such as interpreting specific fund documents or assessing the ultimate use of funds.
No co-appearing lawyers found.
No judges found.
