How to configure Terminal to be "Putty-like" when it comes to copy-paste with mouse? As a long time Putty user, I love how upon selecting a text it gets copied  into the buffer and upon right clicking it gets pasted back in.

Is there a way to configure Terminal to behave the same way?
Terminal is limited in its configurability but iTerm2 is a Terminal replacement that does what you ask and more. Including bookmarks for ssh sessions not unlike puTTY.