Place the raisins in a large mixing bowl. Add the hot water and set aside to let the raisins soak for 10 or 15 minutes.
Combine the 1 tablespoon of ground flax seed and the 2-1/2 tablespoons of water in a small bowl and set aside.
In a medium mixing bowl combine the flour, sugars, baking soda, and salt.
Then combine everything by adding the dry ingredients and the flax seed egg replacement to the raisins and water, and stirring until all the ingredients are moistened together.
Finally, stir in the nuts.
Pour the batter into lightly greased loaf pan(s). If using one 9" loaf pan bake for approximately 50 minutes or until a toothpick or knife inserted into the center comes out clean. If using two medium loaf pans, or four mini loaf pans, bake for approximately 30 to 40 minutes or until a toothpick or knife inserted into the center comes out clean.