SECTION 16
POWER OF ATTORNEY


I, Julia L. Coronado, do hereby constitute and appoint
Stephen J. Benedetti, Alison G. Griffin, Susan S.
Ancarrow and Elizabeth P. Davis my true and lawful
attorneys-in-fact, any of whom acting singly is
hereby authorized, for me and in my name and
on my behalf as a director, officer and/or
shareholder of Dynex Capital, Inc., to (i)
prepare, execute in my name and on my behalf,
and submit to the U.S. Securities and Exchange
Commission (the "SEC") a Form ID, including
any necessary amendments thereto, and any
other documents necessary or appropriate to obtain
or update codes and passwords enabling me to
make electronic filings with the SEC of reports
required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation
of the SEC in respect thereof; and (ii) prepare,
execute and file any and all forms, instruments
or documents, including any necessary amendments
thereto, as such attorneys or attorney deems
necessary or advisable to enable me to comply
with Section 16 of the Securities Exchange Act of
1934 or any rule or regulation of the SEC in respect
thereof (collectively, "Section 16").

I do hereby ratify and confirm all acts my said
attorney shall do or cause to be done by virtue
hereof.  I acknowledge that the foregoing
attorneys-in-fact, serving in such capacity at
my request, are not assuming, nor is
Dynex Capital, Inc. assuming, any of my
responsibilities to comply with Section 16.

This power of attorney shall remain in
full force and effect until it is revoked
by the undersigned in a signed writing
delivered to each such attorney-in-fact
or the undersigned is no longer required to c
omply with Section 16, whichever occurs first.

WITNESS the execution hereof this 3rd day of November, 2020.


/s/ Julia L. Coronado
Julia L. Coronado