<SEC-DOCUMENT>0001225385-14-000003.txt : 20140103
<SEC-HEADER>0001225385-14-000003.hdr.sgml : 20140103
<ACCEPTANCE-DATETIME>20140103104409
ACCESSION NUMBER:		0001225385-14-000003
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140101
FILED AS OF DATE:		20140103
DATE AS OF CHANGE:		20140103

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DYNEX CAPITAL INC
		CENTRAL INDEX KEY:			0000826675
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521549373
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4991 LAKE BROOK DRIVE
		STREET 2:		STE 100
		CITY:			GLEN ALLEN
		STATE:			VA
		ZIP:			23060
		BUSINESS PHONE:		8042175800

	MAIL ADDRESS:	
		STREET 1:		4991 LAKE BROOK DRIVE
		STREET 2:		STE 100
		CITY:			GLEN ALLEN
		STATE:			VA
		ZIP:			23060

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE MORTGAGE CAPITAL INC/VA
		DATE OF NAME CHANGE:	19930722

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE MORTGAGE INVESTMENT CORP
		DATE OF NAME CHANGE:	19930505

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RAC MORTGAGE INVESTMENT CORP /VA/
		DATE OF NAME CHANGE:	19930505

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Popenoe Smriti Laxman
		CENTRAL INDEX KEY:			0001501438

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09819
		FILM NUMBER:		14503812

	MAIL ADDRESS:	
		STREET 1:		3000 LEADENHALL ROAD
		CITY:			MOUNT LAUREL
		STATE:			NJ
		ZIP:			08054
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2014-01-01</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000826675</issuerCik>
        <issuerName>DYNEX CAPITAL INC</issuerName>
        <issuerTradingSymbol>DX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001501438</rptOwnerCik>
            <rptOwnerName>Popenoe Smriti Laxman</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DYNEX CAPITAL, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>4991 LAKE BROOK DRIVE, SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>GLEN ALLEN</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23060</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP and Co-CIO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <footnotes></footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Susan S. Ancarrow, as attorney-in-fact for Smriti L. Popenoe</signatureName>
        <signatureDate>2014-01-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>smritipoa.txt
<DESCRIPTION>SMRITI POPENOE POWER OF ATTORNEY
<TEXT>
SECTION 16
POWER OF ATTORNEY


	I, Smriti L. Popenoe, do hereby constitute and
 appoint Stephen J. Benedetti, Alison G. Griffin,
Susan S. Ancarrow and Shannon V. Patterson 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 comply with Section 16, whichever occurs
first.

	WITNESS the execution hereof this 10th day of
December, 2013.


		/s/  Smriti L. Popenoe
		Smriti L. Popenoe






</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
