OFHEO was managed by a director, appointed by the president and ratified by the Senate. The final director was James B. Lockhart III, assuming the position during a time of crisis as acting director April 28, 2006, when nominated, confirmed to the post on June 15, and sworn in June 26, 2006.[1] The previous Director was Armando Falcon, Jr, confirmed September 29, 1999,[2][3] and forced to resign February 4, 2003, over the release of critical oversight reports[4] However, the White House withdrew the nomination of his successor, and he served as director beyond the end of his term as provided by law.