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 September 30, 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.



November 15, 2004                         By:   /s/ Stephen J. Benedetti
                                              ----------------------------------
                                              Stephen J. Benedetti
                                              Principal Executive Officer and
                                              Chief Financial Officer



November 15, 2004                         By:   /s/ Kevin J. Sciuk
                                              ----------------------------------
                                              Stephen J. Benedetti
                                              Chief Accounting Officer