<human>: Could you distill the essence of the text into 1-3 sentences?

In 2007 we purchased our home in Oregon at the peak of the housing boom.  Our move was prompted by a growing family and a need for quality schooling.  My wife and I both had well paying jobs in 2007 and we believed that in setting up a 30 year mortgage at a moderate interest rate (5.75%), we could make this work.  

In 2008 my wife's company lost a premiere client and in 2009 my company closed down.  We've been doing our best to maintain and keep our heads above water but even with the downturn in the economy and limited income we have never missed a mortgage payment.  We don't have a $1,000,000 home but the mortgage payments are still several thousand a month.

We have stabilized, my wife's company has several new clients and I am back to work again.  In the last three years many of my neighbors have lost, or had to short-sell their homes, which has driven the value of our homes through the floor.  Upon last appraisal, my home is valued at 1/2 of what I paid for it just 3.5 years ago.  Because of the state of the market, the neighborhood has "gone Clampett" and there are now beater trucks and fireworks all over the place.  

Now, after almost 4 years of never missing a payment and still having exemplary credit our bank says that there is nothing they can do to help us with our payments or our interest rate.  We can't get a better loan and our home value has dropped every single day we've been in the house.  

I'm asking the Reddit community if they know of any options for homeowners with perfect payment history and great credit to aid them in lowering payments.  Barring that, if the banks are unwilling to work with a very, very low-risk client, does any one know of the process/impact of simply abandoning a home.
<bot>: House worth 1/2 as much.  Perfect payment history but banks can't help.  Anyone on Reddit been through this?  Options, advice, experience welcome.