Why does mortgage lender need to see my bank statements?

Why does mortgage lender need to see my bank statements? Is my mortgage approval in danger if I’m spending $ on fast food, or unneeded expenses such as a movie theatre?

Majority of my downpayment will be coming from my tax returns, so they’ve requested my most recent bank statements (lots of Christmas spending from December) and my bank statements once I have downpayment Monday next month.

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