Damion and Kiya Carmichael took out a loan from Ameriquest Mortgage Co. to refinance their mortgage and signed a note to make monthly payments on the loan. Later, Deutsche Bank National Trust Co. acquired the note. The Carmichaels stopped making payments and filed for bankruptcy. Deutsche asked the court to foreclose on the mortgage. The Carmichaels asserted that they had been fraudulently induced to make the loan and sign the note. Was the bank free of this defense? Explain. [In re Carmichael, 443 Bankr. 698 (E.D.Pa. 2011)]