81. The transfer of the right, title, and interest in a property of one person to another is known as novation. [cha assignment. assumption. claim. P278 82. The sale of mortgage loans on the secondary market has a positive impact on the economy by stabilizing the mortgage money market. discouraging home purchases by transients imposing rigid qualifications on applicants. lowering the national foreclosure rate 83. The secondary mortgage market provides all of the following benefits except freeing capital for lenders reducing discounts on resale of loans. distributing money nationally stabilizing the mortgage money marts. 84 Fannie Mae replaced its free-market system auction with a[n) administered price system incremental rate system, bidder call system.