In a small bowl, combine the bran cereal and water: set aside.
In another small bowl, combine the buttermilk, eggs, and oil.
In a large mixing bowl, combine the flour, sugar, baking soda, salt, and raisins.
Fluff up the cereal mixture with a fork to break it up. Add the cereal mixture and the buttermilk mixture to the large mixing bowl. Stir until just combined. Do not over mix.
Spray a muffin tin with nonstick spray.
Pour ½ cup of batter into each muffin cup.
Bake for 24-25 minutes or until an inserted toothpick comes out clean.
Cool for 10 minutes in the muffin pan. Remove the muffins to a wire rack to cool.