Homebuilding Senior Notes and Other Debts Payable (Tables)

6 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Schedule of Senior Notes and Other Debts Payable

(Dollars in thousands)	May 31, 2020		November 30, 2019
2.95% senior notes due 2020	$	299,712	299,421
8.375% senior notes due 2021	410,591		418,860
4.750% senior notes due 2021	499,283		498,893
6.25% senior notes due December 2021	307,737		310,252
4.125% senior notes due 2022	598,380		597,885
5.375% senior notes due 2022	256,770		258,198
4.750% senior notes due 2022	572,184		571,644
4.875% senior notes due December 2023	396,950		396,553
4.500% senior notes due 2024	647,165		646,802
5.875% senior notes due 2024	445,821		448,158
4.750% senior notes due 2025	497,780		497,558
5.25% senior notes due 2026	407,315		407,921
5.00% senior notes due 2027	352,700		352,892
4.75% senior notes due 2027	894,386		893,046
6.625% senior notes due 2020	—		303,668
Mortgage notes on land and other debt	908,900		874,887
	$	7,495,674	7,776,638

Schedule of Letter of Credit Facilities

At May 31, 2020, the Financial Services warehouse facilities were all 364-day repurchase facilities and used to fund residential mortgages or commercial mortgages for LMF Commercial as follows:

(In thousands)	Maximum Aggregate Commitment
Residential facilities maturing:
June 2020 (1)	$	500,000
July 2020	300,000
January 2021	500,000
March 2021	300,000
Total - Residential facilities	$	1,600,000
LMF Commercial facilities maturing:
November 2020	$	200,000
December 2020 (2)	700,000
Total - LMF Commercial facilities	$	900,000
Total	$	2,500,000

(1)Subsequent to May 31, 2020, the maturity date was extended to June 2021.

(2)Includes $50.0 million LMF Commercial warehouse repurchase facility used to finance the origination of floating rate accrual loans, which are reported as accrual loans within loans held-for-investment, net. There were borrowings under this facility of $11.4 million as of May 31, 2020.

Borrowings and collateral under the facilities and their prior year predecessors were as follows:

(In thousands)	May 31, 2020		November 30, 2019
Borrowings under the residential facilities	$	1,054,588	$	1,374,063
Collateral under the residential facilities	1,085,503		1,423,650
Borrowings under the LMF Commercial facilities	227,003		216,870

The company's letter of credit and surety bond facilities are described below:

	May 31, 2020		November 30, 2019
(In thousands)
Performance letters of credit	$	726,191	715,793
Financial letters of credit	220,264		184,075
Surety bonds	2,995,941		2,946,167
Anticipated future costs related to site improvements subject to performance surety bonds	1,496,571		1,427,145