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Chetan Marfatia

Chetan Marfatia

Chetan Marfatia is the founder of Fixed Income Investors Credit Services. Mr. Marfatia’ goal in launching FiiCS is to create an independent credit, structuring and advisory company offering comprehensive analysis and insight into the Military Housing Privatization sector. Mr. Marfatia, who has 22 years of experience in the taxable and tax-exempt affordable housing finance industry, including the last 12 years at Ambac Assurance Corp., was an instrumental player in the development of the Military Housing Privatization sector over the past decade. While at Ambac, Mr. Marfatia successfully structured $8 billion in financings in the military housing sector, involving over 50 separate military installations across all service branches. He maintains extensive, longstanding relationships with industry participants, including developers, investment bankers, property managers, construction consultants, and loan servicers, providing FiiCS with virtually unfettered access to sources of information regarding industry trends and financial and operating disclosure.Prior to launching FiiCS, Mr. Marfatia was a Managing Director at Ambac Assurance Corp. and Head of their Housing Finance Group. Mr. Marfatia’ primary expertise is in assessing credit risk and structuring transactions in the military housing sector. Mr. Marfatia is also an authority at evaluating credit risk for a variety of other structures, such as mortgage revenue bonds secured by whole loan pools or Federal agency mortgage-backed securities, privatized student housing bonds for colleges and universities, FHA-insured, Section 8-subsidized multi-family housing bonds and affordable housing bonds. While at Ambac, he was responsible for credit and underwriting analysis, transaction origination and all marketing relationships within the above noted sectors. In total, Mr. Marfatia oversaw a portfolio of approximately $11 billion in the Military Housing, Affordable Housing and State Agency Housing sectors. Mr. Marfatia developed Ambac’s risk criteria in the Military Housing Privatization sector which was utilized in the underwriting of all their financings.Prior to joining Ambac in 1998, Mr. Marfatia worked as an investment banker in the municipal finance industry. For four years he was a Vice President in the Municipal Bond Department at Lehman Brothers and for two years he was an Analyst in the Public Finance Division at Donaldson, Lufkin & Jenrette. As an investment banker in municipal finance, Mr. Marfatia has significant transactional experience with a wide range of municipal housing issuers across the country. Mr. Marfatia also spent four years at MBIA from 1988 to 1992.Mr. Marfatia holds a Bachelor of Arts in Economics and History from the State University of New York at Stony Brook.