Color is gradually lost over the entire body, sometimes in a "noisy" spatter called Fleabitten, sometimes in dapples.
Legs tend to keep color longer than the rest of the body.
If Bloodmark is present, the marking may keep its color longer than the rest of the body, or may not fade at all.
Skin is not affected. Eyes are not affected.
In hooved creatures, mane and tail may keep their color longer than the rest of the body, but eventually also fade to white.