Lennar Financial Services Segment (Tables) - Lennar Financial Services [Member]

12 Months Ended

Nov. 30, 2015

Segment Reporting Information [Line Items]

Schedule Of Assets And Liabilities

The assets and liabilities related to the Lennar Financial Services segment were as follows:

	November 30,
(In thousands)	2015		2014
Assets:
Cash and cash equivalents	$	106,777	90,010
Restricted cash	13,961		8,609
Receivables, net (1)	242,808		150,858
Loans held-for-sale (2)	843,252		738,396
Loans held-for-investment, net	30,998		26,894
Investments held-to-maturity	40,174		45,038
Investments available-for-sale	42,827		16,799
Goodwill	38,854		38,854
Other (3)	66,186		61,595
	$	1,425,837	1,177,053
Liabilities:
Notes and other debts payable	$	858,300	704,143
Other (4)	225,678		192,500
	$	1,083,978	896,643

(1) Receivables, net, primarily related to loans sold to investors for which the Company had not yet been paid as of November 30, 2015 and 2014, respectively.

(2) Loans held-for-sale related to unsold loans carried at fair value.

(3) As of November 30, 2015 and 2014, other assets included mortgage loan commitments carried at fair value of $13.1 million and $12.7 million, respectively, and mortgage servicing rights carried at fair value of $16.8 million and $17.4 million, respectively. In addition, other assets also included forward contracts carried at fair value of $0.5 million as of November 30, 2015.

(4) Other liabilities included $65.0 million and $69.3 million as of November 30, 2015 and 2014, respectively, of certain of the Company’s self-insurance reserves related to construction defects, general liability and workers’ compensation. Other liabilities also included forward contracts carried at fair value of $7.6 million as of November 30, 2014.

Schedule of Line of Credit Facilities

the financial services warehouse facilities were as follows:

(In thousands)	Maximum Aggregate Commitment
364-day warehouse repurchase facility that matures August 2016 (1)	$	600,000
364-day warehouse repurchase facility that matures August 2016	300,000
364-day warehouse repurchase facility that matures October 2016 (2)	450,000
Total	$	1,350,000

(1) In accordance with the amended warehouse repurchase facility agreement, the maximum aggregate commitment will be decreased to $400 million in the first quarter of fiscal 2016 and will be increased to $600 million in the second quarter of fiscal 2016.

(2) Maximum aggregate commitment includes an uncommitted amount of $250 million.