I do hope that in the event that banks start renegotiating mortgages at current market values (i.e. in the event government forces/pays them to) that the borrow

I do hope that in the event that banks start renegotiating mortgages at current market values (i.e. in the event government forces/pays them to) that the borrower does get their credit wiped out. They deserve it. "I put 10% down and got a 5-year interest-only mortgage for about $576,000 and a HELOC at prime +2 for the remainder, about $154,000." AKA, I'm a financial moron and don't deserve credit.