Mortgage Chief Leaving Deutsche

Michael Commaroto, who oversees the mortgage group at Deutsche Bank (including its whole-loan trading desk), is leaving the firm effective Jan. 1, according to industry sources.At deadline time, Mr. Commaroto, who is listed in Securities and Exchange Commission documents as president of Deutsche Mortgage Securities, had not returned a telephone message. A spokeswoman for DB also could not be reached. One source, requesting that his name not be used, said significant changes are coming to Deutsche Bank's mortgage trading operation. Last year, DB bought MortgageIT, a fast-growing mortgage banking firm that funded nonprime and prime loans through different production channels. Deutsche Bank can be found online at http://www.deutsche-bank.com.