Is this a mortgage fraud? Yes, it is from what you are telling us. There are millions up there in similar situation. You can watch on tv, read in a paper about predatory lending, mortgage fraud, mortgage abuse, etc.
...but there are legal remedies for mortgage abuses.
Are you familiar with "Truth in Lending Act" and other Federal Statutory Consumer Law Protection?
"For consumers who believe that at closing they were treated unfairly, misled and/or not given sufficient information to make informed decisions, a Truth in Lending Audit is vital"
Most of homeowners are not familiar with this act but those who were and called us used our help.
Go to "Application" and send us more information. We will help you like many others.