CONSENT OF INDEPENDENT AUDITORS
Published on April 15, 1999
Exhibit 23.1
INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Dynex Capital, Inc.
We consent to the incorporation by reference in Registration Statements
Nos. 333-22859, 333-10783, 333-10587 and 333-35769 of Dynex Capital, Inc. on
Form S-3 and Registration Statement No. 333-32663 of Dynex Capital, Inc. on Form
S-8 of our report dated March 26, 1999 appearing in the Annual Report on Form
10-K/A of Dynex Capital, Inc. for the year ended December 31, 1998.
DELOITTE & TOUCHE LLP
Richmond, Virginia
April 15, 1999