Advanced engine configuration studies have shown large advantages for an engine with counter-rotating spools with intershaft counter-rotating roller bearings. Mounted on two counter-rotating differential-speed hollow rotors, the bearing internal kinetic behavior, dynamic behavior, and then thermal behavior change greatly, causing a severe challenge to engine designers using traditional analysis methods. A special quasi-dynamic model for counter-rotating roller bearing is proposed, considering rings deformation and windage effects, to analyze the bearing mechanical and thermal behavior in different mounting configurations. Roller sliding and bearing heat generation are calculated and compared with experimental data to verify the model capabilities. It shows that the configuration that connects the inner ring to the high-speed rotor has life cycle advantage with more uniform load distribution, smaller roller/ring clearance, and lower cage speed. This leads to less drag loss due to the rotation of the rollers and cage assembly. The decrease of the total power loss is a key element to minimize the quantity of oil required to lubricate the roller bearing.