Make a minimal document. Check versions of packages used.
The most obvious cause of your problem would be a package
other than amsmath being used to define \overset.
I copied your code into an article class document using
package amsmath, and put \listfiles at the top of the
file. It produced this:
article.cls 2007/10/19 v1.4h Standard LaTeX document class
size10.clo 2007/10/19 v1.4h Standard LaTeX file (size option)
amsmath.sty 2000/07/18 v2.13 AMS math features
amstext.sty 2000/06/29 v2.01
amsgen.sty 1999/11/30 v2.0
amsbsy.sty 1999/11/29 v1.2d
amsopn.sty 1999/12/14 v2.01 operator names
If yours contains anything else, or earlier versions you HAVE
to supply that information.
Also: any home-made macros might affect the situation.
Your later claim that \mathbin doesn't fix the problem
is hardly believable. It suggests that you are doing
something strange and makes it all the more important
that you supply a minimal file that exhibits your problem.
Dan
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