In Brief: MBA Executive Vice President Resigns

WILLIAMSBURG, Va. - Paul S. Reid resigned Monday as executive vice president of the Mortgage Bankers Association, saying in a letter to the board of directors that he had achieved his goal of transforming the group "from a trade association to an industry association" and that it is time to move on to other, unspecified challenges.

As executive vice president Mr. Reid carried out a strategic plan that focused on improving service and communication with the association's membership, strengthening the group's lobbying efforts, and enhancing its relationship with state-level trade associations. But he leaves amid criticism.