Exhibit 32.1

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly  Report of Dynex  Securities  Corporation  (the
"Company")  on Form 10-Q for the quarter ended March 31, 2004, as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Stephen
J. Benedetti, the Principal Executive Officer and Chief Financial Officer of the
Company,  certify,  pursuant to and for purposes of 18 U.S.C.  Section  1350, as
adopted  pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002, that to my
knowledge:

         (1)      The Report fully  complies with the  requirements  of
                  Section 13(a)  or 15(d) of the  Securities Exchange Act
                  of 1934; and

         (2)      The information  contained in the Report fairly  presents,  in
                  all material respects,  the financial condition and results of
                  operations of the Company.




Dated:  May 20, 2004                  /s/ Stephen J. Benedetti
                                   ---------------------------------------------
                                   Stephen J. Benedetti
                                   (Principal Executive Officer)



                                      /s/ Kevin J. Sciuk
                                   ---------------------------------------------
                                   Kevin J. Sciuk
                                   (Chief Financial Officer)