in most states, mortgages are no recourse. If I borrow a million bucks and default on it, I lose the house and take a credit hit, even if I have millions in the

in most states, mortgages are no recourse. If I borrow a million bucks and default on it, I lose the house and take a credit hit, even if I have millions in the bank. If I borrow a million dollars (margin) to invest in equities and I need to cover the loan, they can sue me/force me into bankruptcy.