I am not stating that FRAUD was not happeneing. But dont use words like “most cases” like you have first hand experience.
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When an industry creates an entity like MERS to hide ownership and make FRAUD easier to perpetrate ... and an industry demands the creation of a document forgery outfit such as DocX (there are others owned by Title insurers) that’s sole purpose is to facilitate the theft of homes by entities that have no legal claim on them ...
You are a disgrace.
You can’t hide behind the CRA.
It's hard to know what level of criminal intent should be ascribed to the particular players in this mess, though it's clear that those who sought to stifle the alarm bells going off can hardly be considered "clean", even if they didn't know most of the dangers the alarm bells signified.
Ability to handle risk is in some sense a commodity, and there is nothing wrong with trading in it, provided that all of the risks are in fact being borne by the people who are being paid to assume them. If a situation arises, however, where people can accept payment for assuming risks on behalf of a third party who has no say in the matter, such a situation will predictably devolve into one where the third party will be stuck holding the bag. Not only will the third party have to assume liability if some potential event occurs, but the event in question will be extremely likely to occur--far more likely than if the situation hadn't existed in the first place.
What's most unfortunate about this whole debacle is that when everything came crashing down, the government undertook a massive money-laundering operation which may have been intended to protect small-time crooks in government, but probably also protected many larger crooks who should have been prosecuted, and from whom it might have been possible to recover some of the loot.