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Economic growth is improving the loan-to-value ratios for homeowners in bigger homes in wealthy high-tech cities, but homeowners in the Rust Belt and other impoverished regions are drowning with mortgage balances greater than their home’s value, according to a report released Thursday by ATTOM Data Solutions.

The Irvine, Calif., company found 6.7 million homeowners seriously underwater in the second quarter with loans at 125% or more of their home’s value. That’s down 4% from a year ago, and about half of its peak of 12.8 million in 2012′s second quarter.

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Jim DuPlessis

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