Under the plan, the Fed will purchase $400 billion in Treasurys with remaining maturites runnong from 6 to 30 years and sell an equal amount with maturities of three years or less.
Revenues fell 27% for the quarter, as closings dropped 31%.
Scott Stowell, who has been with the company since 1986, will take over as CEO.
The company will be marketing its ramining available land in the two divisions.
Fixed rates declined, with 30-year rates falling back to levels of last November and 15-year rates dropping to a new low.
