Hey!
ULPS disable, crossfire is disabled (no option to enable; greyed out)
BIOS settings have been checked
I thought maybe it was PSU but why would a lack of power prevent you from underclocking the memory?
Playing with the power (0-20) did allow me to underclock the memory but my core dropped to 200 mhz as well.
Well, I suggested the PSU as a problem more to address your throttling issue rather than the memory underclock issue.
I don't think this is your problem, but is your 7770 blowing it's exhaust directly onto the 6990...? If so, try switching their slots or moving them 1 -2 more slots apart...
And if THAT doesn't work then I think and I feel pretty confident that your problem is the PSU not having enough wattage to cover both your 7770 and 6990 at the same time. Try removing the 7770 and see if your problem improves. If it does, go for a bigger power supply.
Your 7770 requires at minimum a 500w power supply and the 6990 requires a 650w power supply, the two together just may be overwhelming your 850w power supply.