249 votes, 55 comments. 56K subscribers in the CanadaHousing2 community.Before you sign a mortgage application or any other loan documents, carefully review them to make sure they are complete and accurate. Providing accurate information on your mortgage application and using a licensed mortgage agent or broker can help you avoid being involved in mortgage fraud. Have information about mortgage fraud? Complete and submit the Suspected Mortgage Fraud Report or call 1-800-2FANNIE (1-800-232-6643). FINTRAC's study doesn't say that Canadian banks knowingly issued fake-income mortgages to Chinese diaspora buyers in Toronto. Canada Mortgage and Housing Corp. A predatory mortgage scammer may ask you to sign documents that you believe are for a loan modification and will allegedly "make your mortgage current. Mortgage fraud for title occurs when someone uses your stolen identity, fake documents and identification to change the title on your home.