Some of my old horses do that also. I think that they have a lower resistance and or metabolic deficiencies as they age. The fact that the ends look greasy means it is similar to rain rot or mange. I would bath in antibacterial/anti-fungal shampoo made for horses. (It's milder than using betadine scrubs. Which some horses will severely react to!) If you have oak trees, it can also be oak tree fungus. Either way, the shampoos work well. Let them sit as directed. Usually there is a spray to follow up with in the same product line.