On May 22, President Obama announced the nomination of Laura Werthheimer, a securities lawyer in private practice, to serve as Inspector General for the FHFA. That position currently is being filled on an acting basis by Michael Stephens following Steve Linick’s departure last year to serve as State Department Inspector General. The President also is expected to announce the nomination of San Antonio Mayor Julian Castro to serve as Secretary of Housing and Urban Development. Mr. Castro would replace Secretary Shaun Donovan, who the President is expected to nominate to serve as OMB Director.